BST 16

1 Year license to

pass FTMO challenges 

+ Real Funded Account

$3,000

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ARTICLES

What is a Forex Expert Advisor, and How Does it Work?

If you want to create and use your own EA, here some tips on what to do to make it work properly, outside of using a Forex Expert Advisor generator (this is a tool where you enter the parameters of your preferred trades, and the tool generates the EA program for you).

The importance of data

The first tip is to be wary of the reliability of backtesting results. You might think that great backtesting results are proof of your system being ready to prosper - unfortunately it's not that simple.

These results are dependent on the quality of the data applied in the backtest, implying that poor data can lead to unreliable outcomes. The default data in MT4 and MT5 can only reach a modelling quality of up to 99%. While this seems good, this can cause considerable differences in backtesting and the live experience, particularly on smaller time frames.

Fortunately, there are sources of freely accessible historical data and instructions on how to prepare the needed data for MetaTrader.

Trade for Proprietary Trading Firm

FTMO developed a unique 2-step Evaluation Course for Traders. This Evaluation Process consists of the FTMO Challenge and the Verification and is specifically tailored to discover trading talents.

Upon successful completion

 of the Evaluation Course, you are offered a placement in the FTMO Proprietary Trading firm where you can remotely manage the FTMO Account with a balance of up to 200,000 USD. Your journey to get there might be challenging, but our educational applications, account analysis and performance coach are here to help you on the endeavour to financial independence.

Ultimate guide to algorithmic trading

Did you know that more than 80% of the moves in the US stock market and Forex market are done by machine-based, algorithmic trading robots? Fortunately, with significant advances in technology, algorithmic trading strategies are now accessible for all types of traders across nearly all major markets and is just one reason this form of trading is becoming increasingly popular.