Profitable Forex Trading Advisors

There are several simple tests that show how effective is the trading advisor:

Test 1. Make sure that when you take into consideration the general adviser to the liquidity and the price of entry and exit are allowed.

Test 2. Double check your shopping advisor and actions (this is very important). It was a lot of trading advisors, which gave good results, but after detailed study has proved that they can not be applied in practice.

Test 3. Two or three times, change the date of commencement of the audit, and if the results are still positive, can assume that your system has passed the test 3.

Test 4. Change the value of parameters or variables of your sales advisor. Change has - changed the one-size - check the system, change of other values - checked the system ... If the result is not very different, then your system has passed and the 4 th test.

Test 5. Schedule tool to be correct, check the static data, such as the Sharpe ratio, Sortino ratio, the tolerance, the maximum decrease and the time required to restore the amplitudes. All depends on the degree of risk you're willing to accept, but the best way to select only advisers who have: a higher Sharpe ratio, Sortino ratio higher, less tolerance, a lower maximum decline. Do not work with the trading systems that have a big recession, and the maximum average deviation. The most important factor is the recovery time amplitudes. This is the average number of days required to ensure that the value of the currency was the same as before the recession took place. If the cost is high, you have to wait long enough before restoration, and as a rule, many traders on the casting their forex strategy, which is - one of the huge mistakes, because once the system will show excellent results. (This always happens).

These tests are restrictive, and, most likely after testing their forex adviser on the above criteria, you will regret it. But when it comes to working with real money, it is best to remember the famous proverb: «7 times out ...», so do not be upset, and immediately proceed to the drafting of the new, of course, looking at previous error.