The column’s title, ‘Testing Forex Robot Advisers’, is quite self-explanatory. In it we examine various automatic trading advisors to determine whether each of them is actually able to deliver a steady profit or if, instead, will lead to a pre-programmed loss of deposit.
We will be testing both simple and complex advisors; those that are free and those that carry with them significant expenses. If you as a client of NordFX would like a particular robot discussed, please reach out to us as we will be delighted to do so.
We will also be very happy to hear out your own algotrading reviews. In addition, if you send us the results of any of your own tests we will ensure we publish them.
We shall first examine two advisers: MACD Sample and Moving Average. An undisputable advantage they possess is that the developer MetaQuotes Software Corp. has included them in the standard edition of the MT4 platform. This means that there is no need to search for them online and separately install them onto your terminal. All you need to do is open the ‘Navigator’ panel and they will be right in front of you.
Just as we promised, our evaluation of MACD Sample is followed by that of Moving Average, which is the second adviser pre-installed onto MT4 by its developers.
The advisors of the Ilan family are probably the most famous among those based on the martingale principle and position averaging. One can freely access many different versions online; we will consider one of the most common ones as an example, namely 425_Ilan1.6_PipStep.