AI Website MakerWe will look for what may suggest successful Expert Advisors that are automated trading strategies. Some will be expensive and through our News Letter subscriber base we will be looking to raise funds to purchase them by a crowd funding system.
Also typically it will require $1000 as a recommended minimum account balance. Sometimes more could be better to reduce risk of margining out, however this is why we are going to start testing on highest leveraged accounts possible.
Some EA's may require a month to month license, and maybe this could be good and shows the seller is confident of their EA. And some offer both month to month or yearly and life time licenses.
The bottom line we all want to know is... DOES IT WORK and DOES IT WORK WELL. We will be providing our review and warning against any potential the EA is risky if we get our money back. The goal is to get the principal money back and grow the account from there, and if possible reducing the EA's risk as the account grows.
We could test using a demo practice accounts, and maybe it is a way to start by not risking real money for a few months, and then go from there.
For the individual this is the best way to test an EA.
Warning and Disclaimer: This is for demonstration purposes and results may change in the future for better or worse on an EA. market conditions vary and a highly volatile sharp market swing may benefit the EA or move it into a margin call, margining out and losing the account, if the EA is in a high drawdown.
Take caution on the amount of money you may chose to risk if you decide to test these out for your self and only risk money you are willing to afford to lose.
Pay An online Server Service
To pay for a dedicated server hosted online from a service provider so the internet connection is undisrupted. A home server is okay however any power outage or loss of an internet connection can potentially ruin the stage the EA is in.
Some may just pick up from where it is at and continue the strategy accordingly. Note if you decide to use a home server a laptop will be an asset as the battery will keep the laptop on if the power goes out. We will be updating this area with everything you need to know about Meta Trader and how to set it up and how to trade your self manually.
Search For Qualified Candidate Expert Advisors
Likely there will be a bunch of bad EA's and what created the initial purpose of this department. Our goal will canvas EA's on the Meta Trader Sellers page by reviews and potential cost.
Our members may have experience with some EA's they recommend as successful. We would love to purchase EA's and support affiliate links, however because of conflict of interest issues, we will not be purchasing through the affiliate links to avoid being spammed and promoted to make commissions. We want genuine referrals and recommendations that are non bias.
We also check on My Fx Book that can show real success results.
Crowd Funding Process
We will gather the money amount as a fund raising goal that will be required to fund the cost of the EA, and the account and pay for the server for 1 year.
We will do this once all the costs are figured out and create a help us achieve this goal crowd funding campaign through our newsletter.
We will update everything through our newsletter as progress continues and goals are met.
Testing and Results
Testing begins and our goal is show results in our monthly newsletter on the returns in our account.
Management
We will see how the EA works, if it posses a lot of potential risk. If it posses a lot of risk by using a poor strategy, we will warn against this. It is possible a poor strategy can return the capital back within a relative short time, say 1 year if the market conditions are moderate to stable and no major one way trends take effect for a long time.
Poor strategies can get wiped out by the market going in the wrong direction of the strategy and not correcting. These are martingale like systems typically.
The way to manage these if the money was regained is to keep the account growing and not increasing contract risk size so the account can have a high success potential of correcting.
These strategies typically need a lot of money and over all is a poor way to play this game and it is playing with fire.
If an EA is looking highly successful it will be evaluated if additional capital will be added to increase the return to fast track the account to withdrawal the principal capital and leave the profits to run and compound.
Use of Accounts
These accounts will be left to compound, potentially increased with contributions to bring the account to higher profitability, and even potential more crowd funding activities to increase account size so they can be used to help fund more projects with the profits and eventually to build up value of the company and make it more fun.
EA: | Initial Investment: $US | EA Product link
Monthly Results
1) Date: Account Balance: | Current Return in Investment Since Inception:
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