Factors To Consider When Choosing From Robot

Ftmo robot is continuing to be highly popular since the platform of met trader 4 was released. It is disrobing that many EA commercial offers plus many scams fail to make it any easier to get a robot that has a genuine proper working. In that case, if you need to come across the ftmo robot that fits your style of trading and tolerates the risks, then you would be required to analyze many statistics such as risk-reward ratios, profit ratios, maximum loss, and others. Additionally, there are risks associated with the trading of forex as one can lose his/her money even if they have robots that have good statistics displayed. For that reason, there is a need of having advanced knowledge about the financial risks that you can afford to take with a real account for trading. Here are factors to consider when choosing ftmo robot.

Profit factor

One of the beneficial statistics is the profit factor as it can give you the leeway of answering any question such as will the money be made by use of robot? The factor of profit is beneficial as it indicates the profit and risk relationship. All you need to know is that it is not ideal to have a profitable robot that can make you lose all the money in your account.

Expectancy (profit per transaction)

Expectancy (expected profit) is a statistic that shows the amount to be earned per trade on an average basis. Of course, the statistics given here are rooted in the history of trading, and in that case, it may fail to guarantee the results of the future, particularly when choosing an EA.

Drawdown

No good is associated with a robot that makes money but is worth taking too many trade risks. Some of the aspects used as an indicator of these risks are maximum drawdown, average drawdown, and drawdown recovery. It indicates the maximum loss percentage since the previous high season. The notion can give you an idea of the drop potential of a given account when there is trouble with ftmo robot.

The ratio of risk-reward

This ratio indicates an appetite for an expert advisor for a risk. An advisor expert that has a take profit of 5-pip and 40-pip stop loss has a reward risk-ratio of 8:1. It, therefore, requires success to be profitable by at least a rate of 89%. Most optional features of EAs can you an opportunity of managing risks by adding TP and SL that allow an improvement of the risk-reward ratio. However, there is a requirement for backtesting prior to changing the setting to check if changes have no strategic effect.