If you intend to use trading robots (expert advisors eas), keep in mind that if you use an ea from a third party, there might be other traders already using the same ea and therefore exactly the same strategy. One solution that today's trader has used is the use of an automated trading system, or expert advisor (ea), which can make trading multiple instruments much easier. A good aos can really simplify the trader's work, help him with the emotions that the trader cannot get rid of when entering trades and at the same time help in eliminating. The ftmo app results are generated by backtesting done with ea studio using ftmo historical data. Ea studio does have 5 years of historical data for ftmo but metatrader does not.
The use of an automated trading system is often considered by traders who have problems with the psychological side of trading. The most common advantage mentioned in connection with the use of eas is namely the elimination of emotions and their influence on the results. Ea has clearly defined rules based on which the positions are executed, so the. The eas strategy must be profitable within ftmos constraints. Ftmo allows trading at any time, but some eas may operate during specific market hours. It is important that the ea is designed in such a way that it complies with ftmos rules, including trading only during the hours allowed and avoiding excessive risk during. Ftmo is a proprietary trading firm that allows traders to prove their skills in a live trading environment. Ftmo offers a challenge that allows traders to manage a funded account once they successfully meet specific profit targets. In the trading community, expert advisors (eas) are popular tools used to automate the trading process. Choose an ea that aligns with your trading style and the ftmo requirements. A good ea should come with clear instructions on how to use it effectively, along with detailed reports of past performance. Transparency about the algorithm and its parameters is crucial to understanding how it works.
A good ea should come with clear instructions on how to use it effectively, along with detailed reports of past performance. Transparency about the algorithm and its parameters is crucial to understanding how it works.
