Guides
Forex and gold EAs, explained with live accounts
How the common EA strategies work, what they risk, and how to check any robot before you buy it. The examples are my own live accounts on myfxbook.
XAUUSD strategies for EAs: what each one looks like on a live account
The main XAUUSD (gold) strategy types used by MT5 Expert Advisors: trend, breakout, scalping, grid, martingale and news. How each makes money, what it fears, and how to spot it in a live record.EURUSD strategies for EAs: trend, range, grid, and how loss limits change the risk
Which strategy types MT5 Expert Advisors use on EURUSD, why grid robots are common on this pair, what a long one-way move does to them, and how a daily loss limit changes the risk.How to verify a forex EA’s track record on myfxbook
A step-by-step check of any forex EA’s myfxbook record: live or demo, verified track record, gain versus absolute gain, drawdown, equity versus balance, lot sizes and how long it has run.Grid vs martingale vs stop-loss EA: the risk behind each
How grid, martingale and stop-loss Expert Advisors handle a losing trade, what their equity curves look like, and how to tell which one you are looking at from a myfxbook record.Raw or Standard account for an EA? How trading costs change results
The difference between Raw (ECN) and Standard accounts for MT5 Expert Advisors, how to work out the cost per trade, and why short-term EAs need a Raw account. Also: why EAs need a hedging account.Do you need a VPS for an MT5 EA? What to look for
Why an MT5 Expert Advisor needs to run day and night, what a VPS is, how location and specs matter, MQL5 virtual hosting versus your own VPS, and how to avoid wasting MQL5 activations.Raw or Standard for XAUUSD? At some brokers gold is priced the same on both
Why a Raw account does not always make gold cheaper: at Eightcap, XAUUSD has the same spread and no commission on Raw and Standard, while at IC the Raw account prices gold differently. How to check your broker and work out the cost per lot.
The main XAUUSD (gold) strategy types used by MT5 Expert Advisors: trend, breakout, scalping, grid, martingale and news. How each makes money, what it fears, and how to spot it in a live record.EURUSD strategies for EAs: trend, range, grid, and how loss limits change the risk
Which strategy types MT5 Expert Advisors use on EURUSD, why grid robots are common on this pair, what a long one-way move does to them, and how a daily loss limit changes the risk.How to verify a forex EA’s track record on myfxbook
A step-by-step check of any forex EA’s myfxbook record: live or demo, verified track record, gain versus absolute gain, drawdown, equity versus balance, lot sizes and how long it has run.Grid vs martingale vs stop-loss EA: the risk behind each
How grid, martingale and stop-loss Expert Advisors handle a losing trade, what their equity curves look like, and how to tell which one you are looking at from a myfxbook record.Raw or Standard account for an EA? How trading costs change results
The difference between Raw (ECN) and Standard accounts for MT5 Expert Advisors, how to work out the cost per trade, and why short-term EAs need a Raw account. Also: why EAs need a hedging account.Do you need a VPS for an MT5 EA? What to look for
Why an MT5 Expert Advisor needs to run day and night, what a VPS is, how location and specs matter, MQL5 virtual hosting versus your own VPS, and how to avoid wasting MQL5 activations.Raw or Standard for XAUUSD? At some brokers gold is priced the same on both
Why a Raw account does not always make gold cheaper: at Eightcap, XAUUSD has the same spread and no commission on Raw and Standard, while at IC the Raw account prices gold differently. How to check your broker and work out the cost per lot.