XMTrading: Is automatic trading (EA) free? recommendation? MT4 tools


At XMTrading, you can set up an FX automated trading (EA) tool for free with MT4, but traders often fail even if it works, so I will introduce it and explain it. There seem to be a certain level of demand as there are companies distributing EA and the like, but the reality is that most people go bankrupt and leave the market. Also, there are many unscrupulous traders who sell extremely expensive tools, so it is better not to try automatic trading. In the end, it will only cost you a loss.

XM allows automated trading

XM, a popular overseas FX company, does not prohibit EA in its operations. Therefore, you can trade with EA using XM. Therefore, there are many people who trade with the naive idea of using EA and leaving it alone to make money. However, it’s actually not that sweet. The reality is that most people are bankrupt and end up accumulating losses. Even if you check on the backtest page and get a good result, there is no benefit because you will lose more margin in the actual transaction.

Reasons for auto trading

The reason why there are so many people trying to automate trading on XM is because of the following good and sufficient reasons. You can download the EA and use it immediately, and you can invest immediately with one click. However, there are many people who put in too many lots and lose their funds, so I don’t want to introduce it too much because it has many disadvantages. Even if you start testing EA, the only way you can make money is when the market is right. There are very few people who can make money by playing EA with an XM account for free. You can easily set it up on your smartphone, but we don’t recommend it.

Even if you don’t have time, you can leave it alone and earn money

Even busy people can make the lowest possible profits with XM automatic trading. When you select MT4 or MT5 from the official website, download it, incorporate the EA, and run it, the EA will automatically perform entry and payment. Therefore, even during work, they will trade as much as possible without permission, so you can earn money without permission. You can also place multiple orders. There are many people who say that they can earn money from information such as blogs, so this also has an influence. However, it is not very safe and there is a high possibility that you will end up losing money.

no brain work required

By using XM’s automatic trading, you will be able to trade without chart analysis using data, so you can just look at the screen. When performing discretionary trading, chart analysis is essential to being able to win in FX. General trading involves mental labor, so no one can win by trading haphazardly. Be careful as automatic trading has poor reviews and reputation, and many have low ratings. Users must use what is on offer and be very reliable in their choices. Paid items are out of the question.

not influenced by emotions

You can start automatic trading of XM by using VPS, and you can trade without being influenced by emotions even if you have no experience in the details. Many of the traders who lose in FX these days are due to not being able to control their mental state. Of course, with automatic trading, emotions are irrelevant, so you will be able to trade without being influenced by calculations or judgments. Currently, XM basically allows both trading and scalping, so there are few restrictions when introducing it.

Is automated trading profitable?

Unfortunately, automatic trading is not profitable. On the contrary, they often end up suffering big losses. In most cases, you will lose your principal. In most cases, the sweet illusion that you can just leave it alone and earn money on your own is shattered. The biggest problem is that they don’t think at all, so they operate only based on logic, so they end up winning and failing in the same situation over and over again, resulting in poor performance, loss cuts, and continued drawdowns. The trick to choosing is to exercise discretion by not doing it in the first place.

lose all in one shot

The risk of automatic trading is such that if a single big trend occurs, it will go bankrupt. As one-sided movements occur, contrarian entries continue to enter and unrealized losses swell. In the end, you can’t stand the unrealized loss and lose all the principal. In the case of the exchange market, it has the property of returning when it makes a big move, but if there is a rare big direction, it will continue to move unilaterally. Automatic trading tools can’t detect it, so they keep getting contrarian entries all the time.

high risk low return

Unfortunately, unlike discretionary trading, automatic trading is entered without thinking about anything. Therefore, the return is very low. I don’t think about automatic trading, so the return is less. And as I said above, even if your winning rate exceeds 90%, you will lose all your money if you catch one big trend. It’s high risk with low return.

You can’t win with logic

In the first place, the market does not move based on logic. The platform is free and easy to use, and users can start using it right away on their smartphones, but there are very few EAs that can really produce results and achievements. There are no traders who make money exclusively through automated trading. The reason is that the market moves based on emotions, so if you don’t follow the logic, you’ll lose more than just your chances. 1000x leverage services often have the opposite effect.

Beware of traders

Vendors selling automated trading tools are very dangerous. And some bloggers are pushing automated trading a lot, but know that they just want to sell automated trading tools, not to make money. Please be aware that the following selling methods are very common.

sell at a high price

Automated trading software is sold at an abnormally high price on Twitter and other sites. But most vendors don’t speak clearly and accurately about the risks of their tools. Second, since the goal is to sell the product anyway, they often remain silent about the risks. And as I said above, even if you can get a win rate of over 90%, it doesn’t mean much. Because eventually it will fail. Take care of your assets.

Automatic trading tool sales on blog

Some companies are developing and selling dubious automatic trading tools through their main content such as blogs. They will whisper sweet words to you, telling you that the winning rate is over 90% and that you can leave it alone and make money by buying and selling, but in the end, you should know that you will go bankrupt every month. If you are a person who can win in the first place, there is no way that the best way is to use tools. Please be careful as they simply want to sell tool software. There are many suspicious people even if they have detailed profiles.

Appeal your winning rate

Since the foreign exchange market has the property of returning once it moves significantly, automatic trading can win in most market situations. However, as mentioned above, if one big trend occurs, you can lose all your money. Even if the winning rate is 99%, it will eventually fail. Don’t be fooled into buying by the winning rate. Even an excellent program that runs perfectly 24 hours a day will usually collapse if the logic does not work, and the balance will be zero. Please do your research before using any tools. It is important to choose the safe and correct one.

earn money by leaving

The automatic trading tool appeals that you can earn money by leaving it alone. Most people have jobs, so they are usually busy, but automatic trading tools can enter and earn money. That’s why I find it very attractive, but most automated trading tools just fail, so in the end it’s a way to lose money.


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