More than 60% of Wall Street trading is done through EA program trading, which is relatively mature abroad.
However, since the transaction is not yet open in China, some friends may have heard of the EA transaction but never learned about it.
So let’s get to the real face of the EA trading system.
1.EA Trading mode EA stands for Expert Advisor Intelligent Trading System.
In China, EA trading system is based on or MT5 development of a set of automatic program control trading system.
It requires a combination of programming languages and trading strategies.
EA trading is a step up from foreign exchange custody.
Foreign exchange trusteeship is operated by others.
It is uncertain whether others will use EA automated trading.
Forex custody is like finding a proxy driver, while EA trading is like a driverless car.
We decide whether to go forward or turn based on the different scenarios and realities we set.
Save time and effort, but no sense of complete control.
Foreign mature EA trading systems are also divided into six categories: related, trend, neural network, grid, and comprehensive.
Each type has its own advantages and disadvantages.
The comprehensive category refers to the extraction of essence from various types and the removal of undesirable ingredients.
EA trading system can be used for entry, liquidation, risk management and capital management operations.
At the heart of EA is trading strategy.
There are three types of EA trading models commonly used, including homeopathic, contrarian and morphological.
Similar to the trading strategies we usually study.
Currently, there are three ways for traders to obtain an EA trading system: purchase, develop their own, or generate their own EA trading system using a framework built by some platform.
2. The nature of EA Trading The most important thing for us is the profitability of the EA trading system, which is just an enforcer.
The essence of profitability is the reliability of the trading strategy.
If there is no perfect trading strategy, it is better to have 80% profit guarantee + 20% failure reverse learning ability.
If you want to buy an EA trading system from the market, I advise you not to do so.
Because you don’t know why you’re winning, why you’re losing, and you don’t know how to adjust your trading strategy.
3.EA scams Many will use well-established trading systems as an introduction to attract forex novices.
In fact, they place orders under the table to earn commissions.
Some EA agencies will send you their past achievements and eventually turn a profit, but this may be due to luck.
60% of earnings were lost to losses, fortunately we finally hit a good market and finally made a profit!
Can you say this is a profitable EA trading system?
In the past, some financial platforms used EA smart trading to recycle money.
These scams, like the foreign exchange scams we often encounter, exploit human frailties.
They often deceive traders with high profits, simple operation, low pay and high returns, strong corporate background, and a beautiful profit record. We must be vigilant!
4. Who’s right for EA trading is a double-edged sword.
We are as skeptical about EA as we were when Taobao first launched.
EA is a relatively new tool for domestic traders, so there are certainly doubts.
Considering that most investors are amateur short-term speculators, speculation is the study of market price fluctuations and make trading judgments.
What will test you more is your control of trading psychology and market sentiment.
At this point, it is more appropriate to use an EA trading system.
You can come up with a trading strategy and find someone else to develop it.
They are also suitable for EA trading for forex novices, especially those who do not have enough time.
This is about giving professional things to professional people. The systems and trading strategies belong to someone else.
But make sure you find someone you trust.
Canadian dollar falls on hold;
The new rules sent the pound to its lowest level in nearly a year.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
