Your Expectations when using Expert Advisors

Thank you again for your recent Expert Advisor purchase

Expert Advisors are fantastic in that they automate Forex trading techniques and trading decisions we would be making when trading manually.

The internet media has however painted a picture that you can merely purchase an Expert Advisor and load it onto a chart and it will turn into a continuous ATM machine generating as much cash as what you want for ever and ever.

Like winning the Jack Pot the odds on that happening are fairly remote. So it is very important that you realise some of the realities of Expert Advisory trading.

Although EAs are very powerful and can produce great results you need to start trading with the right level of expectation:-

• Any EA or Trading technique is not guaranteed to be successful in the future even if it was highly successful in the past.
• Any results you see displayed are historical results are in no way promises or claims that you will experience the same results in the future.
• The nature of the Forex Market is ever changing from trending to consolidating or from low volatility to high volatility and that is why it is unlikely to experience consistent results over a long period. Generally EA will only perform well in either a trending market or a sideways market.
• You need to find out which market your EA performs best in.
• The EA traders that make money from using EAs are normally experienced traders with considerable knowledge of the market.
• EA owners who have good calibration and optimisation skills get the best out of their EAs. If you are not competent in these areas, you may not experience optimal results.  We do have a few free course that may help you in this regard.
• An Expert Advisor is a trading tool. You are its master. It is your servant. You need to tell it what to do.

At best we will guide you as to ways of making the best start to your use of the EA. Like buying a new car once we have helped you become acquainted with your purchase it is up to you to drive it responsibly from then on.

Most of the information you need to become acquainted with the EA is contained in the training and support material.

Now that you have purchased the EA it is yours – it does not belong to us anymore. You will need to take full responsibility for the trading results you experience.

Some advice:-

• Try to understand the reason and impact of every setting of your EA.
• Back test your EA thoroughly before trading it live.
• When trading it live start conservatively using very small lot sizing.
• After trading it live for 2 weeks back trade it for the same period and compare the results. Often the results experienced in live trading are not the same as tested results.

To avoid injury or damage it is important to have realistic expectations