There are two most used methods for getting information about an EA. I am ignoring the information provided on official website of EA. Because most of the information given is actually written by some marketing guru and not forex guru.
So we have only two options left. EA rating sites and popular forums. Which one do u prefer and which sites do u visit to get information about an EA?
The good or ill of a man lies within his own will. – Epictetus
I would prefer forums. EA rating sites can never be trusted because they are usually funded by EA owners. EA owners pay them to rate their EA as profitable. Top forums have many users who give fair opinion about any strategy or EA.
Originally posted by SashaI would prefer forums. EA rating sites can never be trusted because they are usually funded by EA owners. EA owners pay them to rate their EA as profitable. Top forums have many users who give fair opinion about any strategy or EA.
I agree. EA forums have very low chance of biased reviews.
"There is no such thing as a functional illiterate."
There is another big source of checking EAs. It is websites like fxstat. If an EA is good then it will have performance history approved by some statistical analysis website. If owner of an EA or system does not have any trading history approved by website like fxstat, then we cannot trust such EA or system.
Nowadays even forums have biased reviews and fake users.
Trading is a discipline.
Originally posted by uniquetraderThere is another big source of checking EAs. It is websites like fxstat. If an EA is good then it will have performance history approved by some statistical analysis website. If owner of an EA or system does not have any trading history approved by website like fxstat, then we cannot trust such EA or system.
Nowadays even forums have biased reviews and fake users.
True. Performance analysis gives much better view about a system. So analysing websites will obviously give us a better idea about any system or strategy. But these websites can never be a source if you r searching for an EA. But if you want to compare some EAs and their performances are listed on some analysing website then this way is valid.
Forums have reviews of more than 1 user and if they are not fake, they will provide their statements too. Similarly rating sites claim to have many user reviews on an EA (if its popular).
The only question is that do you trust rating sites? or do u consider that only forums are worth considering?
The good or ill of a man lies within his own will. – Epictetus
If we talk about EA rating sites, then I dont trust them. I will prefer forum reviews preferrably with solid evidence of profitable trading history. Even reviews alone are not enough to develop a trust on an EA. It is only its trading performance on a real account for long period.
Originally posted by ironicalThere are two most used methods for getting information about an EA. I am ignoring the information provided on official website of EA. Because most of the information given is actually written by some marketing guru and not forex guru.
So we have only two options left. EA rating sites and popular forums. Which one do u prefer and which sites do u visit to get information about an EA?
Newbies maybe attracted by the "attractive rating site" But even a little experienced investor will prefer forums over rating websites.
The road to success is always under construction.
If ratings sites are so much unpopular then why they are present? It seems no one likes them.
Originally posted by SashaIf ratings sites are so much unpopular then why they are present? It seems no one likes them.
Usually fake websites try to become popular by advertising and fake reviews. They hire some people in order to post reviews in the way they want. They take money from whoever wants to rate their product on their website. Not all products are bad, so there is always a small number who is satisfied by such sites.
Trading is a discipline.
Originally posted by uniquetrader
Originally posted by Sasha
If ratings sites are so much unpopular then why they are present? It seems no one likes them.
Usually fake websites try to become popular by advertising and fake reviews. They hire some people in order to post reviews in the way they want. They take money from whoever wants to rate their product on their website. Not all products are bad, so there is always a small number who is satisfied by such sites.
Yup true.
Sometimes those products satisfy a small number of people which then tell it to other people.
But most of the people r attracted by their effective marketing. Their websites r full of fake claims.
one can't really tell which is better because they both help
