General Stratgies For Forex Robots/ea Advisors

Are there any general strategies to use whentrading with EA advisors?I'll welcome any strategies as well as is it true that the USD/JPY is the easiet currency pair to start with?

The whole purpose of the EA is to be able to program the strategy that you have in your head, into a program that can test it and trade with it. I don't think personally that there is a strategy behind how to create an EA. I like to create EA's that have multiple variables so that I can optimize them and see how they perform under different criteria.

As for the USD/JPY pair, I wouldn't necessarily say that one pair is better than others. I would suggest that all new traders get to learn a major pair first, like the Yen or Euro. Avoid exotic or cross currencies at the beginning and master one pair at a time.

The problem with making an EA is that you need to accommodate every possible scenario for your trading rules.

The most efficient EAs are based on completely mechanical strategies. A mechanical strategy is a set of rules that the Ea needs to follow. Pay attention your own trading. Do you follow a strategy? Are you breaking some trading rules because you see "exceptions"? If you are, then you won't be able to code an effective EA because you supposed "strategy" is still largely judgment-based, not based on a mechanical system.

As for the easiest currency to trade, that depends on your trading style. I personally don't enjoy trading actively. I can't sit in front of a screen endlessly waiting for the perfect setup. Most of the best manual scalpers can do that. I wish I could.

The main reason why other people would recommend various currency pairs as the 'easiest' to trade is because they are generally experienced with that particular pair. I suggest that you just go out and open a demo account. Find a pair with the lowest spread and trade that. The main reason being that you'll have plenty more opportunities to make money.