From the establ premiumrebateforexhment of the Shanghai Foreign Investment Enterprises Foreign Exchange Transfer Center cashbackforexreview 1986, to April 1994, the establishment of the Shanghai Foreign Exchange Trading Center, and then to todays foreign exchange brokerage business in full swing in the country, the foreign exchange market in the country is ushering in unprecedented opportunities with the gradual popularity of foreign exchange cashback forex, and the ensuing emerging products: foreign exchange How Forex Rebates Work also gradually into the people EA is ExpertAdvisor (EA), essentially a computer program, is written by the programmer according to the trading strategy and ideas written into the computer program, and then the program will be implanted into the trading softw HowForexRebatesWork, the program will be based on the established trading strategy for automatic trading However, many people contacted this tool, but experienced retractions, losses, and even burst positions eventually They lament: EA are garbage, EA can bestforexrebaterates make money, EA are scams! Is this really the case? Lets take a look at the worlds financial centers: in the birthplace of finance in London, England, a senior trader in the test of a large number of EA are failing, to the boss to question: is there no stable and profitable EA?The boss replied: Youcan’tsayEAisnotworkbecauseyourEAisnotwork: not EA EA is the result of technological progress, his birth can be said to be revolutionary, irreplaceable for the financial center of traders, the birth of EA is undoubtedly their gospel EA can help traders to execute some repeated transactions, in strict accordance with the strategy to execute orders, not only to free up hands, to avoid mistakes lead to losses, to avoid emotional trading, to achieve quantitative trading, programmable, greatly improving the efficiency of the transaction So, with EA is not able to lie down and make money? Answer: No!  I was asked the most questions is: how about your EA? Is it stable? Guaranteed profit? What strategy? How much retraction? In fact, many people still have a big misunderstanding about EA: Since EA is so good, why have EA but can not lie down to make money?  Because EA is essentially just a program, a trading tool, the program is set up to vary from person to person, just like different manufacturers of cars, although they are cars, but some good performance, some poor performance, some high fuel consumption, some very fuel-efficient Therefore, EA is a product of revolutionary change, but not all EA can meet your expectations, not with the EA It is a good EA to achieve the goal of profitability So, what EA is a good EA?  The key to this question is: what is your standard for judging the EA good or bad The foreign exchange market is ever-changing, trading strategies are also different, 10 people have 10 trading methods, the criteria for determining different, the conclusion is also different If our judgment standard is: make money, then as long as the EA is making money is good EA, if our judgment standard is the process of trading, then as long as the transaction process is reasonable, position control is reasonable EA is good EA, if our judgment standard is brush single, then a single large amount of EA is good EA Why I emphasize the EA good or bad judgment standard here, because, the same EA, different judging standards of people to see the conclusion is not the same if your standard is not to lose money, less profit, then the retraction of the EA in your eyes is garbage; if your standard is a high return, retraction can be enlarged, then the return of less EA in your eyes is garbage we often see, someone on the network cursing: EA are garbage; EA are scams; how can EA to make money?  In fact, such remarks are biased because EA is just a program, a trading tool; just like a car is just a means of transportation, we only see people scold: a certain brand of car is not good, a certain model of car is an oil tiger, no one will scold: cars are garbage, cars are scams, how can you use cars instead of travel? And which scold EA people like scolding the car as a tool is the same reason can not be because encountered a certain EA does not meet your expectations to deny the entire EA technology field there is no unified standard of judgment?  In fact, do the investment of people, most of them are the pursuit of: small risk, stable profit; a small part of the pursuit: three months doubled, a year on the peak of life; there is a part of the pursuit of brush single, high-frequency trading…… today we are going to start from the majority of peoples standards determine the criteria for judging good or bad: stable, small risk then we can go Analysis of EA good or bad, to meet this standard EA generally has the following characteristics:  1, not a single trading strategy: different trading strategies to deal with different unexpected quotes, not a strategy to go 2, the number of small positions: positions are relatively conservative, controlled within a reasonable range (here the reasonable range refers to within 20%) 3, with a stop loss: each single with a capital stop or point stop loss, with a capital warning line 3, with a stop loss: each single with a capital stop or point stop loss, with capital warning line, will not carry a single unlimited 4, add a proper position: control in a reasonable range of positions allowed 5, human intervention (important): must have human intervention, a good EA can not be fully automated operation, because EA is only a program, and then the perfect set can not think like a person with the ability to think, to deal with the changing market, so human intervention is extremely important  In addition to the above 5 points the most important judgment The criteria, there are other EA indicators, parameters and other criteria, to foreign exchange EA software technology EA, for example, in addition to meet the above 5 points, but also added a risk warning mechanism, before the major data market will be alarmed in advance because each EA settings are different, here is not to explore EA in China began to use so far, mixed, can really use EA to achieve stable profits really Not much, there are many on the market claiming that three months a year doubled and also 0 risk EA 90% are false, if you do not believe, you can use your hard-earned money to try true or false So, with a good EA is not to take home their own run? Answer: No!  EA is not a simple software, just click on it can be used, a good EA is composed of many complex indicators, parameters, before the EA began to run need to set parameters according to the account capital and expected risk, and each parameter set differently will lead to differences in the final results of the account in the EA running process also involved in manual intervention if you want to run their own EA, then you on the You use the EA parameters, principles should be like a good understanding of the use of the EA will be handy Many investors hold a good vision of the EA, spent a lot of money to buy the EA, their own run after the effect is not satisfactory, and finally said: EA are garbage in fact, it is like not getting a drivers license to drive on the road, encounter traffic accidents do you want to blame the car is not good? So, EA this tool in the eyes of those familiar with him is the sword, in the eyes of those who will not use it is garbage and foreign exchange EA software technology of MGtradingEA, currently limited to the generation of running cooperation is also the reason, even if handed to investors to run their own, can not play well the role of EA Finally, lets look at the application of EA in different countries: 1, the United States, most of Wall Street Traders are using EA, the use of EA has become a routine 2, Japan, Japan is a country where all people speculate on foreign exchange, many people will use EA and the pursuit of stability 3, the United Kingdom, the United Kingdom as a foreign exchange regulation is very strict country, the investment in trading technology innovation is also very huge 4, Australia, in Australia, 20% of foreign exchange traders use EA trading, and rarely lose money 5, Russia, the EA technology is also located at a mature level 6, Cyprus, trading technology is very rich, EA of course, there are also very powerful 7, Mauritius, once had the worlds most bull EA, but now is copied beyond the 8, China, cottage EA gathering place 9, South Korea, South Korea almost do not understand EA, can only buy foreign technology to operate 10, India, India IT is the most powerful, but when it comes to EA they deal with a mess! We need to give more room for development and affirmation to the field of EA, not because once encountered a bad EA to deny the entire field, only to say that you have not encountered a good EA only if you are not professional enough for foreign exchange trading, but want to have a good investment in the foreign exchange market, the condition is not the pursuit of three months doubled, a year on the top of life, then and a reliable like the foreign exchange EA software technology Agency cooperation is your second choice!