I?ve trialed quite a few expert advisors with a number of different forex brokers during the past three years of my forex trading career. As most fx traders who finish up reading this critique almost certainly know EAs work better with some forex brokers than others. So when buying an EA you must also make sure that you decide on a forex broker that the Expert Advisor works well with.?
One of the best Expert Advisors on the forex market is StatArb Pro. I firstly discovered this EAs approximately 1 week ago after following a thread in a forex trading forum. What is different about this EA is that it performs best with fx brokers which have allot of forex pairs, the reason for this is because this particular EA produces signals on the majors and also exotic forex pairs.?
Of course when an EA produces signals over so many pairs it?s vital that you are dealing with a forex provider that provides all these currency pairs. But if your broker does not provide all the pairs needed for the Expert Advisor to operate properly the hard earned money which you used up buying your EA could go to waste as you?ll be missing out on money making opportunities in the forex market.?
Some fx brokers are actually not capable of managing expert advisors as their prices are too wide, order execution too sluggish and they?ve got too few currency pairs. Luckily there are however some fx brokers like IC Markets that have custom made their Metratrader 4 platform to suit Expert Advisors like SatArb Pro. Trading with a fx broker like IC Markets is absolutely key when it comes to Expert Advisor trading as more often than not they would have to test all the most popular Expert Advisors on their trading platform to make sure they function well giving you the best possibility of success.?
Personally I?ve tested a couple of forex brokers with the StatArb Pro EA and have encountered difficulties with some of them due to the fact that they a limited number of pairs. As IC Markets is the biggest forex broker in Australia they have the largest range of currency pairs on their Metratrader 4 platform so StatArb Pro works well. Traders also have a huge cost advantage when using this EA with IC Markets as their spreads are the lowest out of all the Australian based brokers and arguably also the lowest in the world. Take EUR/USD for example, IC Markets average spread on this currency pair is only 0.1 of a pip, most brokers average spread on this pair is 0.3 pips.?
So if you?re trying to find a superb regulated fx broker to try the StatArb Pro Expert Advisor with I can definitely vouch for IC Markets. I?ve personally used?IC Markets demo?and live accounts for the past two years out of the 3 years which I have been trading for and I am very happy with them. I have also trialed a number of other EAs with IC Markets like Forex Envy and they work well also. IC Markets are without a doubt the broker of choice for Expert advisor trading and the very best forex broker by a long shot if you?re planning on using them with the?StatArb Pro?EA.
Source: http://freefinancearticles.info/ic-markets-forex-expert-advisors-work-better
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