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Is the Best Forex Software Possible?

17 Feb

Each currency trader is searching for the best forex software, but does one exist? First of all, we have to define what a good EA is to answer the question. To me, the best EA is not the one that makes most profit but how consistent it is. Running several lucrative trades isn’t really enough if with the next trade it wipes out your whole account. A solid system is what matters most. So the best program would trade with a good strategy and decent money and risk handling. It sounds easy, but there are few programs that are able to do this. And there are plenty of that are nothing but losers.

So when you look for the best forex system, look for one that seems to have a decent strategy behind it first. Then look for confirmation that it really works. Don’t go for a new big thing once it is released, wait for it to prove itself in live trading. Consider old bots that folks are still using, because if someone is still employing a system one or two years down the road, means it is worth something.

 
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