Profitability is the center of all trading activities. Forex traders, in particular, try to maximize their profits to make up for any losses incurred or for contingencies. Identifying a trade with high-profitability potential is an important skill that all forex traders should master. However, mastering this skill is challenging because the forex market is volatile and has so many currency pairs and indices being traded on it. Forex EA robots attempt to resolve this issue through the features they provide. Where can traders find a forex EA robot with 80% profitability?
How do forex EA robots work?
Forex EA robots use AI/ML technology to seek trades with high-profit potential and then either notify traders or execute the trade. Different EA software uses varying technologies, and one of the most effective is holistic market perception. This type of forex robot makes it easier to make trading decisions by mimicking the behavior of professional traders and replicating it in other trades.
Other effective EA software scans the entire market for any interesting trades. Using pattern analysis, these tools suggest or execute trades with profit potential. The most profitable forex robot type uses multiple analysis factors to justify each suggested or executed trade. However, all the analysis methods are related to technical chart assessments and price movements.
Maximum profitability of trading EAs
Most forex trading robots promise to be highly profitable, and others even promise profit rates reaching 90%. However, is this a true possibility? The sad truth is that trading robots do not have an accuracy rate that high. Even reaching 80% is not possible when using the EA tool alone. 60% profitability is the standard achievable rate when using EA software.
However, you can maximize profit rates to 80% by pairing trading robots with human intuition and market move research. By staying tuned to the news and understanding economically significant events, you improve a trading robot’s profitability percentage. In that way, you can be 80% profitable when trading forex currencies and indices.
Finding high-profit robots
To reach 80% profitability, traders have to find highly profitable robots with a high accuracy rate. Finding high-profit robots requires some research into the technology behind the top forex EAs. Check out the specifications and ascertain what type of trading robot it is. Does it focus on behavioral analysis or clinically technical data?
Finding this out can provide some clarity on whether the robot can deliver on what is promised or not. You can get Forex robots download files online with important pertinent information on installation and using the tool. After following the instructions, first, implement your trading EA on a demo account before using it with real money.
Minimizing eventual losses
Even when using the best forex robot, you will suffer some losses here and there. The main goal is to control those losses and minimize them to the greatest extent possible. Minimizing eventual losses entails doing what was mentioned above, steering clear from markets when there is major upcoming news.
At the same time, keep an eye on other fundamental analysis aspects to prevent major losses. Additionally, be in control of all trades executed on your account. Instead of allowing EA software to have free reign by automatically executing trades, validate each one. Doing so will increase profit levels to 80% and beyond since these practices minimize losses.
Best trading robots
Some of the best trading robots that can bring profitability up to 80% include BF Scalper Pro, which assists day traders in maximizing their earnings. Although this EA software trades in highly volatile short-term markets, it has a high accuracy rate. Its drawdown is only 22.67% which is well within the standard safe rate.
Traders can also use long-time serving platforms like Stealth Trader. The platform uses psychological analysis and market perception algorithms to suggest trades to users. There are other highly reliable platforms with high profits you can find online. Verify their legibility and back test them on a demo account to ensure they deliver on their profitability promise.
Looking for credible forex robots with 80% profitability might not yield any credible results. However, finding the best reputable tool and implementing it in conjunction with human intervention can lead to reaching high profitability rates starting at 80% and above. Remember that trading robots serve as aids to help traders make sound decisions. They are not replacements for human research, but traders are still required to conduct their own analysis and validate a trade before executing it. Therefore, try to avoid automating trading completely by having trading robots have free reign over your forex account.