Best algorithmic trading software - EA Studio
Best algorithmic trading software is the one that gives the trader the freedom with Expert Advisors - an unlimited number of exports, robustness testing, Out of sample testing, and most important the complete process to be automated. One of the best algorithmic trading software that we use in EA Forex Academy is called EA Studio. It comes with 15-days free trial and everyone can give it a try:
https://eaforexacademy.com/software/expert-advisor-studio/
When we are choosing the best algorithmic trading software, it is important to look at the following things:
1. Does it have a Strategy Builder?The Strategy Builder is a tool that allows us to automate the trading strategy that we use for manual trading. EA Studio has such a builder. We place the entry and exit conditions, the Stop Loss and Take Profit, and with one click we can export it as Expert Advisor. The best thing here is that we see the result immediately. This way we do not need to test with months on Demo account.
2. Does it have a Generator? The best algorithmic trading software is the one that has a generator. And EA Studio has one. We are able to generate strategies over the Historical data of our broker. It is easy to export the data using a script that comes with EA Studio. With the generator, the trader has the total freedom in algorithmic trading. An unlimited number of Expert Advisors can be generated. The generator with EA Studio works extremely fast because it is a web-based application.
3. Does it have robustness tools?With EA Studio we have a variety of robustness tools:Monte Carlo - it performs different tests with each strategy with different parameters for the indicators, different backtest starting bar, randomly skip positions and many others. This way we test the strategy before even placing it on a Demo accountMulti Market - it shows the result from the strategy on other markets.
For example, if our strategy is for EURUSD, the Multi-Market will test it on the other currency pairs like GBPUSD, USDJPY, EURGBP or any other that we choose. Obviously, if we see that the strategy fails on most of the markets, probably it is over optimized.
If you want to learn more about our choice for best algorithmic trading software, you can test it for 15 days for free with its full capacity:
https://eaforexacademy.com/software/expert-advisor-studio/
For online courses that are based on EA Studio, pelase click here:
https://eaforexacademy.com/courses/algorithmic-trading/
https://eaforexacademy.com/software/expert-advisor-studio/
When we are choosing the best algorithmic trading software, it is important to look at the following things:
1. Does it have a Strategy Builder?The Strategy Builder is a tool that allows us to automate the trading strategy that we use for manual trading. EA Studio has such a builder. We place the entry and exit conditions, the Stop Loss and Take Profit, and with one click we can export it as Expert Advisor. The best thing here is that we see the result immediately. This way we do not need to test with months on Demo account.
2. Does it have a Generator? The best algorithmic trading software is the one that has a generator. And EA Studio has one. We are able to generate strategies over the Historical data of our broker. It is easy to export the data using a script that comes with EA Studio. With the generator, the trader has the total freedom in algorithmic trading. An unlimited number of Expert Advisors can be generated. The generator with EA Studio works extremely fast because it is a web-based application.
3. Does it have robustness tools?With EA Studio we have a variety of robustness tools:Monte Carlo - it performs different tests with each strategy with different parameters for the indicators, different backtest starting bar, randomly skip positions and many others. This way we test the strategy before even placing it on a Demo accountMulti Market - it shows the result from the strategy on other markets.
For example, if our strategy is for EURUSD, the Multi-Market will test it on the other currency pairs like GBPUSD, USDJPY, EURGBP or any other that we choose. Obviously, if we see that the strategy fails on most of the markets, probably it is over optimized.
If you want to learn more about our choice for best algorithmic trading software, you can test it for 15 days for free with its full capacity:
https://eaforexacademy.com/software/expert-advisor-studio/
For online courses that are based on EA Studio, pelase click here:
https://eaforexacademy.com/courses/algorithmic-trading/
