BEST FOREX ROBOT - Success at Auto-Trading

FOREX ROBOT

Introduction

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The Right Mindset

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Forex Robot Statistics - Part 1

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Forex Robot Statistics - Part 2

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Forex Robot Robustness

- What is a Forex Robot?

- Why use a Forex Robot?

- Key factor to look for in a   Forex robot

- Testing for Robustness

- Live VS Demo Testing

- What to look for in Broker

- Conclusion

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Forex Robot Drawdown Analysis - Part 1

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Forex Robot Drawdown Analysis - Part 2

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Drawdown Recovery

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The Emotions of Forex Robot Trading

Forex Robot Drawdown Analysis - Part 2

There are three types of drawdowns that you always need to look at. Max drawdown, average drawdown, and the drawdown recovery. We covered max drawdown in the last section. Now lets look at what an average drawdown is.

Average drawdown is a pretty easy one to look at. Any trader or EA will have several drawdown amounts. For example let's say an EA had 3 drawdowns, one which was 10%, another that was 4%, and another that was 12%. To take an average of these, you just add the drawdowns up, and then divide by the number of drawdowns.

In this case, (10%+4%+12%)/3 = 8.7%. So the average drawdown is about 8.7%. Easy enough right? This is a good number to look at because it gives you an idea of what you can expect to lose during a drawdown period. Whereas the max drawdown showed you a worst case scenario (check out the previous section for more info), this gives you a more normal idea of what to expect on a typical basis. As you can imagine the lower the drawdown the better.

Forex Robot Drawdown Analysis - Part 1 Drawdown Recovery