The title is a bit misleading since I have never traded in Forex (The foreign exchange market, currency market, FX) before (nor during the preparation and completion of this post). The only investments I’ve made that comes close is the buying and selling of shares.
But the reason for this post is that I read an article the other day that made me think. It described how robots take over the market for foreign exchange transactions, and actually did a good job and was profitable for many traders.
Of course, I’m not surprised in 2018 that robots are better at processing numbers and predicting outcomes based on a lot of known and unknown factors, but I was a little surprised that people actually make money by letting a program invest for them.
As curious as I am, of course, I had to look into this concept. And to my great surprise, there was nothing new about it, but I still think it’s fascinating that people dare to leave their money to algorithms also known as Expert Advisors (EA)
So what is an EA? That would be my next quest to figure out. An EA (Expert Advisor) is a robotic script written in MQ4 or other languages… And that information left me with the question “MQ4 language is that like some eastern European language or what”?
As it turns out it´s not.
MQ4 is a language that runs on a trading platform called Metatrader 4. (MT4).
So what is MetaTrader 4? MT4 is an electronic free trading platform. It´s widely used by speculative traders for retail foreign exchange trading. It can be downloaded for free from the official websites of the brokers.
The following list includes some of the most popular brokers: FXCM, FXDD, FXOpen, FXPro, Alpari NZ, Alpari UK, IBFX.
What about MetaTrader 5? MT5. was released in 2010 and five years after MT4. and at a time when Metatrader 4 was already very popular, and due to the number sequence in the platform names, there is a common misapprehension that Metatrader 5 was a new improved version of Metatrader 4, designed to do the same job, just better.
So it is important to understand what the MT5 actually does differently? And what it was meant for. Many people compare these products without really asking these questions.
The truth is that MT5 was actually aimed at a different market, and was designed to do some things MT4 could not do. Essentially it was made to be able to trade on markets other than Forex, such as commodities and stocks.
So, one might assume MT5 was created because the creators Metaquotes predicted the big boom in retail commodities and stocks, and created the software to cope with these markets.
Now that I had all this info at hand, I would have to research for an MT4 robot (Expert Advisor) that could do all the work while I attended other things. As I had read in the article, it could turn out to be a good investment. I scouted the product-market and found a Forex Robot that was popular, sells well and has satisfied customers, and the presented data and results speak for themselves.
WallStreet Forex Robot 2.0 Evolution would be that product. visit the site
The WallStreet Forex Robot 2.0 Evolution is one of these Expert Advisors (EA) that works on the MT4 trading platform, and it comes highly recommended.
The vendors have a solid reputation and have been developing and successfully launching high-performance EAs for six years.
They have a long product line that has undergone the most comprehensive testings.
The WallStreet Forex Robot 2.0 Evolution is off the scale in terms of quality and value. Designed in its entirety by full-time professionals, this is one of the most comprehensive tradings EAs to be found, when researched.
The WallStreet Forex Robot 2.0 Evolution is an easy to install program based on new generation technology and allows you with a few clicks to install, run and start running the program and make investments without moving a finger. With the program comes running updates, customer support, detailed user guides, and installation manuals.
For the EA to work you need a minimal hardware configuration and a stable internet connection. You will also need the Metatrader 4 trading platform, which is free to download from most brokers websites.
Other than that it only requires some money to invest, and I recommend to start out very small, especially if new to trading. Fortunately, there are no major requirements to which small amounts to start of trading with.
Another thing to consider before you begin trading with an EA is whether the chosen broker supports the EA or in this case The Wallstreet Forex Robot 2.0 Evolution.
Therefore Test Expert Advisers on a Demo account first to check if your broker is compatible with your current Expert Advisor!
NEVER!!! trade on Real Money Account without testing on Demo account first!
Conclusion. Personally, I consider trying this concept. So if you have experience, good skills or important knowledge about the subject Expert Advisors or The Wallstreet Forex Robot 2.0 Evolution. Feel free to share in comments below.