How to choose the best advisor for Forex trading, secrets of optimal choice

Trading with advisors is gaining more and more popularity every year, stock exchange robots are gradually becoming more advanced and practically do not allow deposits to be drained.

Almost half of PAMM accounts are managed by automated advisors and, as statistics show, quite well.

Therefore, now not only beginners, but also quite professional traders can use scripts in their work.

In this case, the main question is which advisor to choose for profitable trading? After all, there are many options and almost all scripts have a positive history.

 

At the moment, you can really get confused with the choice; you can download thousands of different scripts on the market and specialized sites; it will be quite difficult for anyone to choose from such a number of paid and free advisors.

In most cases, experts recommend first studying the testing history of the advisor, then testing it yourself, then conducting tests on demo and cent accounts with various settings. The process is not fast, and money, as usual, is needed as quickly as possible.

In fact, not everything is as difficult as it seems, just apply the approach that you use in life when choosing any product.

The essence of this approach is that, as a rule, the most popular product is also the best in quality.

How to use this method when choosing an advisor? It turns out that it’s much easier than you think, just go to the website - https://www.mql5.com/ru/market/mt4/expert in the so-called “Market” and see what other traders choose:

Here you can choose both paid and free options, sort them by strategies , rating received and popularity among users.

For example, if you select The Reaper EA trading robot from the general list and click on its window, you will be taken to a tab with a full description:

Here, in addition to the description of the advisor, there is also such information as the number of purchases per month, that is, you can determine how popular a particular script is.

For example, The Reaper EA was bought 114 times in a month, which already indicates its considerable popularity.

You can also evaluate the popularity of free advisors , but here you need to take into account the number of reviews and posts in discussions. It is clear that the purchased advisor will still have to be tested before installing it on a real account, but the rejection rate in this case will be minimal.

Which robot should a beginner choose, paid or free? I would recommend an inexpensive paid advisor and good support; this will help you learn how to work correctly with the robot’s settings, since you can always clarify any questions that arise with the script’s authors.

An alternative option could be to rent for several months.