Evaluating Forex robots (also known as Expert Advisors or EAs) involves assessing their performance, reliability, and suitability for your trading style. Here’s a brief guide on how to evaluate them: 1. Backtesting Performance: Check how the robot has performed historically on past data. While past performance is not always indicative of future results, consistent profitability during backtests can suggest a reliable algorithm. 2. Forward Testing: Run the robot on a demo account in live market conditions to see how it performs in real time. This helps identify any discrepancies or issues that didn’t appear in backtesting. 3. Risk Management: Ensure the robot has built-in risk management features like stop-loss, take-profit, and position sizing, as this helps control drawdowns and protect capital. 4. Transparency: Evaluate if the robot provides clear details about its strategy, risk levels, and settings. Avoid robots with unclear or vague descriptions. 5. User Reviews: Check feedback from other traders who have used the robot. Look for honest reviews that discuss both strengths and weaknesses. #firstdealofthenewyearFateema