Best Forex Expert Advisor – How Do You Know What is the Best Forex Bot?

There are many EAs available to forex traders. It's not just a matter of money but also one of your limited time which means that you need to select the best to try out for yourself. So how do you know where to start? In this article I'll show you the important criteria that you every good forex bot needs to measure up against and then you'll be able to determine what the best forex expert advisor for yourself.

Currency Support

The vast majority of bots are only good for EURUSD. Now given that this is the currency pair that has the most volume and liquidity then this is no bad thing. You may not even be looking for opportunities elsewhere.

A few EAs (some of which are excellent) feature support for multiple treaties. Usually it is EURUSD plus one or two other majors.

Drawdown

When a bot has a "low drawdown", it means that you are making many small but profitable trades that all add up to a nicer, bigger profit.

The opposite of this would be an EA that makes widly swinging results, some profits and some losses, both big and small. This is way too risky and is no way to trade so avoid robots with high drawdowns.

Backtest Profits

Any robot worth its salt will show some level of backtesting data. Normally these backtests are run through Metatrader and a nice report is made showing you various data.

A few bots these days are now starting to offer live data as proof of how good they are. This is superior to backtest results because a bot can be tweaked many times until it shows a profit in history but a live test can not be faked.



Source by Chad McGinity

How To Formulate The Right Gift Certificate Wording

Wording for a gift certificate (also known as gift voucher) is difficult to get right. There are a few mandatory elements and some optional elements you want to include in a gift voucher. In addition to these standard elements, you may consider a few legal arguments to include in order to force certain restrictions on the usage of your gift voucher.

Mandatory elements

When you're filing a gift certificate template, do not forget to include the following elements:

  • name of your company
  • recipient's name
  • voucher value (in dollars or your local currency) or service provided. This is the most sensitive element of the certificate. In particular, you do not want for the customer to easily change the amount! So it's better to have it printed rather than manually written.
  • certificate serial number. A serial number is important for multiple reasons, in particular to fight against fraud and to keep track of gift vouchers you've issued. By giving every gift voucher a unique number, you can easily verify that it has not been modified when the customer wants to redeem it. For example, you can have a tracking log associating serial number with its value, issuance date and customer name.

A few optional elements

  • purchaser's name: probably a mandatory element for most vouchers!
  • personal message: this is a very nice way to personalize a certificate, by giving the possibility to the purchaser to add a custom message for the receiver.

Legal mentions

  • restriction for a certain type of service / product: if you want to offer a certificate for a specific service, mention "valid only for service X" or "to be used towards the purchase of X".
  • no cash value. This will protect you against customers willing to redeem the certificate for cash (people will try to do that!). Mention "no cash value" or "not redeemable for cash" on the certificate.
  • non-transferability: if you want the certificate to be redeemed only by the person whose name is stated on the certificate, mention "non-transferrable" on the certificate.
  • certificate expiration: this might not be legal in your state / country. Check your legal regulations or an attorney for this. If it is legal, you might want to include a certificate expiration date, to avoid having certificates out in the open for years. One year from now is a good default. Mention "expiration date: 2012-03-17".

Now you know what elements are important to come up with for a good gift certificate word, so work your way through a gift certificate template and mix and match the different elements until you're satisfied with the result!



Source by Tommy Jarnac