Does Forex MT4 EA (Expert Adviser) Really Work?

Does Forex MT4 EA (Expert Adviser) Really Work?

Does Forex MT4 EA (Expert Adviser) Really Work?
The answer is Yes and No.

It seems that everybody else is making profit using Forex automated robot but you. All Forex robot seems to be very profitable looking at their sales pages, but once you try it, the result is totally different. Sounds familiar? How does this happen?

Each Forex robot, either be Meta Trader Expert Adviser or VT trader robot, has different strategies and logic and act differently. They all show great results on their page, but be aware it may not be a real result.

First thing you need to watch out is, is the result showing on their sales page back test or real account? Most of the time, they show only back test and does not show the real money trading result. Why? Because they never used it for real account. Their purpose of their sales page is to sell the robot, not to profit from Forex with the robot. It does not matter if the robot really generates any profit, what matters to them is to sell the robot to hundreds of people for profit.

This is why there are many robots here today and gone tomorrow. They just keep creating robots, sometimes they just change the name and sell it again online. This explains why their sales pages are so similar. This explains why you never be able make any profit on Forex market.


So are all Forex EA robots junk?

Not quite.

I mentioned that you need to watch out where the results are coming from. If the page shows only back test results, then forget about it. It will not work. But there are just a few, that actually shows their real money trading result. This is what you need to look for.

Here is the rule I use when I look for a Forex EA Robot.



1. Does it show real trade result?
This is most import rule of all. If they cannot show the real live account result, then that means they never tried or it failed when they tried. If it is a real Forex robot, they should be able to show the result without any problems.

2. Does the result show constant profit or aggressive pattern?
If the result shows little by little increase in lot they are trading, it is good to go. But some result shows really crazy trading method. Starting with $10,000, and trade 1 lot per trade, go up rapidly up to 10 lots per trade at the end of the month. This is unreal.

3. Does it trade 100% auto pilot?
This is up to you, but for me, I want the robot to do everything for me. No manual intervention necessary. That's the ideal Forex EA Robot.

4. Does it use Stop Loss?
If you hold the all losing trade until the price moves in your favor, then everybody wins of course. What if you have a open positions losing 1000 pips each? What if you have 2 or 3 of these losing positions? Or more? The robot should come with the logic to use the stop loss to prevent to lose everything!

5. How often does it open a trade?
Does it trade often enough to generate decent profit even if I use mini lot? If the robot has only like 5 trades per month, and have to trade like 10 lots per trade to generate a good profit, it is too risky.



You can closely examine each Forex Robot using these rules. You will start seeing which one is junk robot and which one is good one. I have looked many EA robots until now, but not many has passed this test. Actually there's only one I use and trust today.

This Forex robot works on Meta Trader (MT4) platform and works pretty well. It is best used with EUR/CHF, EUR/GBP and EUR/USD. It does everything for you, even the risk management. If you are thinking to get 1 or 2 robot, this is the must have Forex system.