Forex EA Robot Trading Blog

Im posting all the questions that come up in emails as i think they provide really valuable information on all the aspects of running the EA.


1. If u have a 5k standard account, would the 7 currency pairs stated below be appropraite or risky?
GBP/CHF, GBP/USD, GBP/JPY, EUR/JPY, EUR/CHF, USD/JPY, USD/CHF

This is too many pairs and potentially too many positions open, i personally would focus on GBPJPY and/or EURJPY, especially with current market volatility


2. Given the 7 pairs stated, setting the EA to conservative trading, will it be possible for over bought positions and can get margin out?
GridMesh: 100.0
GridMaxOpen: 10
Risk: 0.5

I would reduce gridmaxopen to 4 - this is a better approach, especially if you are trading a lot of pairs.

3. Is there a broker having server base meta trader 4?

yes there are quite a few brokers, here is a quick list;
http://www.myfxtools.com/faq/FAQ_brokers.html

Sorry if my questions are silly since I am still learning. By the way, I like the way EA trades. Main reason is:
*Not trading when down trend/against swap.

Your questions are very very sensible!

Labels: 5k standard account, broker, GridMaxOpen, GridMesh, Risk, risky