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Start Trading with EA

  • #1
  • First Post: Mar 28, 2009 10:44am Mar 28, 2009 10:44am
Being new to forex trading I have been testing a variety of EAs over the pasted few weeks on demo accounts and have found one which I would like to go live with.
If I do go live I plan to invest £2500.
What are the pit falls in trading live with a EA?
Various people comment EAs trade differently live than on demo account.
Which is the best broker to go with?
What max.size lots should I place?
All and any advise would be greatly appreciated
Regards
Koyco

http://www.forexfactory.com/images/misc/progress.gif

  • #2
  • Mar 29, 2009 4:48am Mar 29, 2009 4:48am
Serious Advice: If you can't answer those questions yourself
don't even think of going live.
  • #3
  • Mar 29, 2009 5:06am Mar 29, 2009 5:06am
there is mt4 EA broker allow 10$ microlot account and 100$ position size

you can try it (lot size=100$) and see if blows up instead of using 2500£...
probably will blow up ha

but that is only for you to try the risk/difference between live and demo.

for your 2500£ you may want to search a 4star or 3star well regulated broker on fpa.

Quoting Koyco
Being new to forex trading I have been testing a variety of EAs over the pasted few weeks on demo accounts and have found one which I would like to go live with.
If I do go live I plan to invest £2500.
What are the pit falls in trading live with a EA?
Various people comment EAs trade differently live than on demo account.
Which is the best broker to go with?
What max.size lots should I place?
All and any advise would be greatly appreciated
Regards
Koyco


http://www.forexfactory.com/images/misc/progress.gif

...
  • #4
  • Mar 29, 2009 5:54am Mar 29, 2009 5:54am
Quoting Koyco
Being new to forex trading I have been testing a variety of EAs over the pasted few weeks on demo accounts and have found one which I would like to go live with.

http://www.forexfactory.com/images/misc/progress.gif

well, will you tell us which one it is?

thanks
meine augen sind die sterne
  • #5
  • Mar 29, 2009 4:29pm Mar 29, 2009 4:29pm
Quoting Tjpld
Serious Advice: If you can't answer those questions yourself
don't even think of going live.
I am certain that when you started trading you did not know all the answers i was seeking constructive advise not destructive uttering perhaps you should get out more
  • #6
  • Mar 30, 2009 1:57am Mar 30, 2009 1:57am
Quoting Koyco
I am certain that when you started trading you did not know all the answers i was seeking constructive advise not destructive uttering perhaps you should get out more
I'm sorry but that's what everyone with a little trading experience will tell you.
Forex trading is not easy even if millions of websites tell you that.
  • #7
  • Mar 30, 2009 2:54am Mar 30, 2009 2:54am
Quoting Tjpld
I'm sorry but that's what everyone with a little trading experience will tell you.
Forex trading is not easy even if millions of websites tell you that.
I realise how difficult forex trading can be in a market which basically moves in only two directions any position placed is about three time more likely to move against you. If it was 50/50 there would not be any brokers to accept you investments. That is why the market place is hijacked by carpetbaggers out to make a quick buck with 110% fool proof systems with always end with a get out clause to protect them, in fact one has just replied to this inquiry. This is why before I commit any real cash I seek answers to decrease my lack of knowledge.
  • #8
  • Mar 30, 2009 3:26am Mar 30, 2009 3:26am
Maybe it would be a good Idea to start with only a fraction of your planed investment just to test it out (order excecution etc). A broker (Interbank FX for example) which offers Micro Accounts would be perfect for a 250 USD investment.
  • #9
  • Last Post: Mar 31, 2009 8:40pm Mar 31, 2009 8:40pm
yeah...like 1ct per pip and 3 years of learning. Better yet, go live and get your...as kicked good.
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