Forex automated trading software is well known as a forex expert advisor or many people call this name with forex ea or forex robot. This automatic forex trading software is usually installed in a Virtual Private Server [VPS] so this software will trade in your MetaTrader account 24/5 with a specific setting from a specific strategy. You can test your best forex robot in your demo account first in your notebook so then we can see how performance of a forex expert advisor before trading with real money on forex vps. My recommendation is to use a virtual private server provider from FOREXVPS or FXVM. Both forex vps providers are very good and fast response and for sure have a professional service in all department. FOREXVPS.NET and FXVM have very good reviews in many forex forums. They provide fast support and their servers never down. 24/7 uptime guarantee for sure. So it would be safe to run automated forex trading software.
But again, before we trade in real money, we need to review first which is the best one right? because of so many forex expert advisors on the internet. So, our recommendation is we just need to test the demo forex ea first from one of your favorite forex automated trading software that lists on the mql4 website and then see how performance as well in the next 2-3 months. So we need cheap forex vps to test this demo expert advisor.
We can get a free download of this automated trading forex software in the mql5 market. I like the mql5 website because every Forex robot is tested and written by a professional mql4 programmer.
If Forex ea gives a low drawdown or below 30% gives at least 5%-20% or more per month and can run for 2 years without margin call, we think it would be one of the best Forex robots that is worth trying.
Drawdown here the mean percentage of floating minus from your balance while floating open orders are still active.
Another way to find out how good the Forex robot is is to see its real account performance on myfxbook website.
Usually, the best forex expert advisor is based on price action forex trading strategy combined with support and resistance forex strategy based candlestick analysis and multi-timeframe analysis.
And one last thing, we need to take a look at how good Forex robot reviews are in the mql4 forum too. And reviews are a must from real accounts. This is a must. This requirement is important too if we want to choose the best forex signals provider from the mql4 market.
All requirements as mentioned above are a must, so this forex automated trading is nominated to run on your capital. For transparency, we’ve to request from a seller to provide their real performance in myfxbook with all details that they have like drawdown, and all opening orders and trades history in the last 3 months.
With these details performance on myfxbook, we can analyze whether forex expert advisors are it good or bad. So never trust on-screen capture from myfxbook, because they only capture screen when Forex ea has a good situation so not update.
Almost all forex automated trading systems always need good forex brokers and good forex vps. Why? Because VPS has a stable and fast internet connection and never misses trading signals on every best momentum to enter a forex market.
Forex automated trading software is very helpful for busy people because they have to do some daily jobs besides forex right ? and lastly use our best forex brokers below to run your best forex expert advisors. Some forex traders need this forex robot for several reasons.