Forex Trading is getting more popular with especially a group of automated trading which is made possible by MT4 trading platform Expert Advisor. Expert Advisor are program written by MQL4 languages that comes with MT4 trading platform. These Expert Advisors are coded from winning forex trading strategy and can be run 24 hours continuously to trade for you. Such trading system have created thousand dollars of profit daily and helped many to achieve passive income in Forex Trading.
FAP Turbo is one of the best Forex Trading Expert Advisor. If you go to my website you can read the whole review about this expert advisor with outstanding results. I will briefly talk about this below.
Profit Factor
Why is Profit Factor so important for simulated automated Forex trading system? Profit factor is simply using the profit earned divide by the losses incurred. Related Coverage Forex Hedge Fund Ea - Do Forex Automated Trading Systems Work? Forex automated trading is without a doubt one of the shadiest and most dangerous markets I have come across during my life. When you begin your journey in automated trading you will find a lot of promises and a lot of potential which ultimately leads you to purchase products believing that you will achieve financial freedom within a few years or even months.
Best Forex EA Expert Review To trade in currencies, one needs access to a trading account. You get the access via foreign exchange (forex) software for trading. The number of standard types of softwares for trading currencies is four. Each and every type of this software has its own advantages coupled with its own flexibility for the trader. Forex Morning Trade Ea-Forex Morning Trade Ea Review Do you want to create dollars? Not surprisingly, we all want, however it is not effortless to generate dollars. Forex EA (Software Program) Reviews A fair and balanced review of the most popular FOREX trading programs on the market.
These are not going to net you the millions per year they may promise, but they do work as an affordable educational tool for any new/intermediate trader who really wants to grow his knowledge and extend himself in the way of automated trading platforms.To put this in an illustration mode for easy understanding, for every dollar you invest, you take the profit divide by your losses. For example Profit Factor of 3 meaning you earn $3 for every $1 you losses. For FAP Turbo, from the simulation data presented in the website, it comes with a high Profit Factor figure of 31.77 This equal to earning $37 dollars against losing only $1 dollars. This is one of the best rating a Expert Advisor can achieve.
Maximum Draw Down
Draw down is the lowest point in your trading account with all unrealized profit/loss trades. When I mention unrealized trades are trades that you executed but not yet closed. As the trading account will increase or decrease due to profit or losses made from trade closed. But with Draw Down, this will take into account closed trades which is already reflected in the trading account plus the unrealized profit/loss trades. With the maximum value on Draw Down, this indicator the lowest point in terms of pips or percentage of the trading account. For FAP Turbo, it only registered a very small 0.32% maximum show that you only loss 32 cents for a trading account of $100.
Winning Percentage
This is the percentage of winning trades over total trades. With this figure alone, we will know what the success rate of winning over any total trades. With a 50% trade, means 50 trades win over 100 trades executed. This alone is not enough but with stop loss and profit take, this is very significant if comparing between Expert Advisor. If all trades are stop loss at 200 pips, with 50 pips profit take, at 80% winning rate, you will have zero gains. For FAP Turbo, it has a 150 pips stop loss and a 99% winning rate with average 15 pips win. To calculate, it will need to have a 90% winning rate or more to stay profitable.
By looking at Profit Factor, Maximal Draw Down and Winning Percentage (With Stop Loss and Profit Take), you can easily determine if the Expert Advisor is working profitable for you or losses money on your trading account. Another factor I would like you to bring it with you before I end my discussion here, is the time factor. How long is this Expert Advisor running and what time duration is the strategy tester simulated results base on. I would highly recommended duration of more then 1 year in order to achieve effect trading results. source.
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