Rules you should know about EA trading

Today, there are many systems for smart foreign exchange transactions.

These foreign exchange intelligent trading systems are very popular among foreign exchange trading beginners who want to benefit from foreign exchange trading through their help.

But you should be careful when using foreign exchange trading robots.

In addition to paying attention to the program, it also includes scripts that do not allow you to obtain the desired profit and can cause undesirable financial consequences.

The key point is to properly set up the foreign exchange trading robot to control its operation.

Most robots that carry out automatic foreign exchange transactions use the Martingale method, scalping ultra-short-term trading method, classification and some other options trading strategies during their operation. Traders should not use a foreign exchange trading system based on the Martingale method. Compared with others, such foreign exchange intelligent trading systems often place negative orders. The scalping ultra-short-term trading method also has risks, although some traders have made profits with its help. The key point is to properly set up this foreign exchange intelligent trading system and control its operation.

When using the foreign exchange trading system, you should abide by these rules:

Test script

You can use a demo account and a dedicated test method to test. In this way, you can identify the shortcomings of the program and decide whether you want to use this foreign exchange trading system.

Start trading with the lowest lot

When testing, the program should show the operating efficiency under such conditions. After that, traders can increase the number of transactions. It is best to use a small margin to start trading with two foreign exchange intelligent trading systems.

Choose the right leverage

Traders can use the same conditions as when trading manually. When choosing the maximum leverage, you need to carefully set the stop loss point and select the number of transactions.

Follow the instruction manual

If the foreign exchange intelligent trading system you want to use does not have an instruction manual, you’d better not use this foreign exchange intelligent trading system, otherwise you will not be able to achieve the trading results you expect.

Control trading margin

These are only the funds needed to carry out transactions in the trader’s account. It is best to withdraw all the profits you have earned to the reserve account at the beginning.

Safe use of foreign exchange intelligent trading system

In order to minimize the risk of funds, it is best to manually confirm the order to be executed. These options cannot be used only when the time interval is M1 using the scalping ultra-short trading method.

When foreign exchange transactions are carried out in accordance with the above-mentioned rules, smart foreign exchange transactions can be carried out more efficiently.