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What should I pay attention to when using EA foreign exchange automatic trading software?
Precautions 1. A stable and uninterrupted line

If the server is disconnected frequently, EA will not get the desired effect at all. For example, when EA detects the signal to place an order according to the figure, and the client suddenly disconnects, then the ordering action of EA will be interrupted at this time, resulting in unsuccessful ordering, which may cause unnecessary losses.

Of course, disconnection is frequent and inevitable, because no brokerage firm can guarantee that all customers are completely disconnected. Then the reason for disconnection is largely due to the unstable network environment where traders are located.

Note 2. Entry is not affected by liquidity.

For a simple example, at this moment, you think it is the best time to throw orders and decide to enter the market, but your order has not been closed because of liquidity refusal. This is that the entrance is affected by liquidity. If rejected, it may disrupt EA's implementation strategy, and the final outcome will still be to turn losses into profits. Try not to be in the big data market EA. It is ok to enter the stadium early.

Note 3. The influence of transaction time on EA

Many platform merchants will set up no trading a few seconds or minutes before the opening. The reason for this is to avoid the wrong quotation or the quotation with excessive price difference at the opening.

Note 4. Restrictions on the distance of pending orders

Take profit and stop loss are set to ensure a certain profit and avoid greater losses. Many EAs also have the function of taking profit and stopping loss, but the setting of taking profit and stopping loss does not guarantee success every time. Because basically every platform will set a undetermined distance, otherwise it will be arbitrage to death. So, once you enter the market, set a stop loss as soon as possible.