Ezinemark - Which is the Best Automated Forex Trading EA

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.
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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 http://trading.ezinemark.com/which-is-the-best-automated-forex-trading-ea-7d36e133cd90.html

Your plain-English guide to currency trading

Forex markets can be one of the fastest and most volatile financial markets to trade. Money can be lost or made in a matter of seconds, and forex markets are always moving. So how do you keep up? This hands-on, friendly guide shows you how the forex market really works, what moves it, and how you can actively trade in it — without losing your head!

• All the world's a stage — get an easy-to-follow introduction to the global forex market and understand its size, scope, and players
• Show me the money — take a look at the major fundamental and economic drivers that influence currency values and get the know-how to interpret data and events like a pro
• Prepare for battle — discover different types of trading styles and make a concrete strategy and game plan before you act on anything
• Pull the trigger — establish a position in the market, manage the trade while it's open, and close out on the most advantageous terms

Open the book and find:

• Currency trading conventions and tools
• Key characteristics of successful traders
• Trading pitfalls to avoid and risk management rules to live by
• How major currencies typically trade
• Why it's important to be organized and prepared
• The 411 on buying and selling simultaneously
• Tips for understanding rollovers and interest rates

Learn to:

• Grasp currency quotes
• Capitalize on the foreign exchange market
• Manage risk and reward
• Use the forces that drive currency movements
• Identify key traits of individual currency pairs  

Editorial Reviews

Review

"It offers practical guidance and savvy tips.." (Hedge Fund Manager, Thursday 23rd August) "…gives readers a step by step guide (to) getting acquainted with the forex market and to making those killer transactions." (Professional Pensions, Thursday 30th August 2007) --This text refers to an out of print or unavailable edition of this title.

From the Back Cover

Features forex market guidelines and sample trading plansThe fun and easy way® to get started in currency trading
Want to capitalize on the growing forex market? This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis.

• Identify trading opportunities
• Understand what drives the market
• Choose a trading broker
• Execute a successful trade
• Minimize risk and maximize profit
• Analyze currency charts

--This text refers to an out of print or unavailable edition of this title.

About the Author

Brian Dolan has worked for more than 20 years in the forex market as a currency trader and analyst. As the Chief Currency Strategist at FOREX.com, Brian oversees fundamental and technical analysis and is a frequent resource for the financial media on currency developments.

Currency Trading For Dummies Click here to read amazon customer reviews and rating