Blog Archive

Why do all Expert Advisors fail?

Why do Expert Advisors Fail?Good question but, for what it's worth, I don't believe that ALL expert advisors do actually fail.

Sure, some commercial robots are just out and out scams. For instance, an unscrupulous vendor might realise that his EA would have blown up an account on a certain day, so he will hardcode any bad dates into the EA to prevent them from taking trades in the strategy tester on those dates.

Unsuspecting buyers will see an equity curve produced by the tester showing a steady rise because it won't have taken any of the fatal trades. Anybody caught by a scam like this risks not only losing the purchase price of the EA, but also the contents of their account when the EA inevitably blows it up at some stage in the future!

In my view, this is just downright deception and such products rightfully need to be exposed for what they are!

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Welcome to Melly's Forex Reviews and Articles Page

Welcome to MellyForex ReviewsAs this is my first article, I thought it probably best if I spent a few moments explaining what I'm trying to achieve here and what the review section is all about.

First and foremost, I'm trying to find out whether the robots that I choose to review are any good. By that, I obviously want to know if they're profitable, but I also want to know if they're going to be reliable long term and I want to know if they're safe. It's all very well finding a robot which doubles your account balance inside of a week but, if it blows up the account in the second week, it's not a lot of use.

So, as part of each of my reviews, I intend to cut through the vendor marketing gobbledegook and discover the truth.

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