There are several factors that make a contribution to the discrepancy. First, there is the issue of currency pairs. Most expert counsels have the potential to work with several currency pairs and they won’t always perform equally well with each one of them. You can regularly get better results by concentrating only on the pair or pairs that are the most successful. Expert counsellor reviews can be excellent for working out which are the best pairs to trade.
2nd there is the issue of settings. This is the most common question in forums, on blogs and to EA support staff: what are the best settings for this robot? It’s a little like the search for the best system: it is exceedingly difficult to judge. The permutations are virtually infinite and what would have worked best last month won’t necessarily work the best the month after next.
Generally, the safest option is to follow advice on settings from the firm’s own info, but in a few cases you may pick up helpful tips from expert advisor reviews and user web sites. Remember though not to trust everything that you read, and always test new settings before going live.
Fourthly, risk management makes a big difference to whether you can sustain profits in the long term. If your risks are too high, then even an EA that is lucrative can wipe you out. This often happens to amateurs. Remember that even the best EA ( like the best human traders ) will have losses and losing runs. It’s essential to set your risk low enough that you can survive the bad times.
Finally, it makes a difference which broker you use. Some will have heavier costs, some may operate in a way that tends to trigger stop losses more frequently, and such like. The EA will sometimes come with info about which brokers you can use, but that is frequently based solely on technical compatibility of the software. Foreign exchange robot reviews and users will infrequently recommend particular brokers for their quality of service, and that can be beneficial.
So EA reviews certainly have their uses, even though no reviewer can guarantee that another individual will have the same experience with the robot. So do seek out feedback from people who have had a chance to use and research the software, but be advised that you will not necessarily achieve similar results. It is important to read expert aide reviews rigorously to assess whether a specific EA is likely to suit your individual case.