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How to Evaluate Trading Robots and not be Scammed!
Rating: 4.2 out of 5(28 ratings)
103 students

How to Evaluate Trading Robots and not be Scammed!

Learn how to evaluate trading robots properly for Metatrader and spot Scam Trading Robots
Created byAlan Lee
Last updated 5/2021
English

What you'll learn

  • Learn how to evaluate trading robots or expert advisors for Metatrader
  • Learn how to backtest on Metatrader
  • Learn the different types of trading robots available and their characteristics

Course content

9 sections23 lectures1h 2m total length
  • Introduction0:59

    Learn to evaluate trading robots and expert advisors, avoid scams, and conduct step-by-step checks by running your own backtests for Metatrader products from the MQL5 metadata marketplace.

  • Important Note0:34
  • Basic Principles Before Choosing a Trading Robot0:48

Requirements

  • Using Trading Robots or Expert Advisors on Metatrader

Description

This course is to help students learn how to evaluate trading robots (or Expert Advisors) on Metatrader 4. With trading robots costing from a few hundred to a few thousand dollars, they are not cheap and it's important that buyers understand what they are buying to ensure they buy a suitable product.

The other issue in this area is that certain trading authors are falsifying the backtest results to boost their sales. These scam products are not that easy to detect at the onset and they do not work and not only that, you cannot get your money back once you have purchased. I felt it's important to ensure people know how exactly how to run these test themselves to ensure they do not end up losing money buying these scam products

It's not difficult to run these tests and I wanted to provide a step by step guide so that anyone and everyone can learn to do this. The course is not long and can be digested quickly. Equiped with this new knowledge, you can then go out and ensure that you can purchase your trading robots with confidence.

I use a bit of software called Tick Data Suite to do all these tests and this does cost extra money to purchase. However, you can also do these tests without this software and I will show you how.

Who this course is for:

  • Forex traders