It's been years since Metatrader 4 Forex software is designed. Some Forex experts and software developers gathered together and enhanced the features of Metatrader 4 by developing Forex robots that trade automatically.
There are dozens of automatically trading Forex robots called "Expert Advisors" on the internet. If you look from the customer's side, there are different robots that offers the same feature; successful automatic Forex trading. Since all the products offer the same number and level of feature, how will the customer choose between these products?
Prices of these expert advisors start from nearly $80 and goes around 150$ and more. Since all these robots offer the same feature set, is choosing the cheapest product the best option? Maybe yes, maybe no. If you really want to find the best robot, all you need to invest some money on a controlled experiment.
Most of these robots are offered with money back guarantees. Narrow down your robot catalog according to your budget and purchase all of them. Secondly, find computers as many as the number of the robots to be tested. Install Metatrader 4 on each computer and open different demo accounts for each of the robots with the same amount of initial credit and the same amount of leverage. Configure the robots according to their manuals. And you are ready for the controlled test.
Start your test at a specific day, at a specific time and on the same date and time for all computers you've set up. You do not have to trace every expert advisor's every behavior, just track the daily earnings. This controlled test must continue for a month without any manual touch. At the end of the month, look at each expert advisors earning amount and decide which one the best expert advisor is. Keep the best expert advisor which you think it is, and ask for a refund for the other ones.
This controlled test may seem a little bit expensive, but will give you an exact answer on the question: "Which expert advisor should I use?".
About The Author
Nezih TINAS is the creator of the "Clockwork Forex" portal for every level of Forex traders. You can learn more about Forex trading at Clockwork Forex web site.
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