So on 10th June-2016, created an EA after careful analysis of GBPJPY and EURJPY. The results so far are extremely promising. Started with a trial capital USD 30 with 0.5 lots on H1 EURJPY and 0.2 lots on 15 min GBPJPY on Live account.
Monthly return is 111.00%
Weekly at 87.00%
Attached are the results as of Jul-15 (Forexfactory extract)
So what is EA? EA is a short name for expert advisor – robot/software code that automatically places trades when certain predefined condition is met.
The biggest advantage of using Expert Advisor is that it does not allow the traders emotion to alter his trading plan or strategy. The forex world most often than not is crazy and having a robot execute your strategy could be a smart approach.
GBPJPY is considered one of the most difficult pairs to trade in forex market due to its volatile nature.
If you need help in becoming a forex trader do connect.