9 Rules for Success in Working with “Dangerous” Expert Advisors

[yanice36]

Hi all. Recently, there has been a noticeable renaissance of forex advisors on martingale (“monkeys”), grids, averagers and other robots, which I personally would call dangerous. What is so dangerous about them? And is it possible to consistently earn on Forex with the help of such Expert Advisors? Read on and I will reveal to you 9 main secrets of working with monkeys and other similar advisers.


To begin with, what are the dangers of martingale, order grids and other overstayers? All such robots are built on the idea that the price in most cases returns to some average values. And, based on this idea, the strategies of such advisers include opening additional orders when a certain level of unclosed loss is reached, increasing the lot when losing, building pyramids from orders, etc. But the market does not always return to the previous prices, and by trading with “casino” strategies, you can easily lose all or most of your deposit overnight.

But high risk also means high profitability: monkeys, as a rule, earn many times more than other advisers. It's like with MMM - until the pyramid bursts, it brings good profits. Nevertheless, it is possible and even quite stable to make money on dangerous Expert Advisors, if you follow certain rules, which we will discuss below.

1. Trade only on cent accounts​

2. Use the maximum available leverage​

3. Follow recommendations to the adviser​

4. Be sure to check everything in the strategy tester​

5. Constantly withdraw profits​

6. Study the adviser​

7. Trade on Swap-Free accounts​

8. Use a VPS Server​

9. Trade accounts with floating spread​