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TheIdeasMan

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  1. Hello all, I hope you are having a great day I am interested in algorithmic trading on the MT4 Platform (although I open to suggestions about other paltforms), I was wondering how to choose which algorithm to use? I would like to trade Silver as it doesn't require as much of a margin as other higher priced commodities. Does anyone have any good experience with a particular Algorithm trading Silver, or trading in general? With the Expert Advisors, how can one tell whether they really are an expert, it seems anyone can write code and call it an EA? Are there any in depth stats to verify the quality of the algorithm, I saw some basic stats on the MT4 platform. I am aware of back testing , but another consideration is having to pay for an algo - what if it doesn't perform well in the backtesting? Is there any relationship between the cost of the algo versus it's quality? Some of them are as little as $30, some are are $300, others are $1200 I have also heard of the copy trade feature, how would one select which trader to copy from? Another thing to note, I will probably initially do my trading at fairly low rate of say $1 per cent, so that any failures won't cost a lot, once more confident I will increase the rate. I guess it is a bit overwhelming for me at this stage, there are hundreds of EA's , could someone give a new starter some pointers in the right direction? Thanks in advance for any advice or help.
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