Frequently Asked Questions​

We are a team of passionate traders, investors and EA developers. We create profitable trading EAs (expert advisors) which you can use without any hands-on experience of trading.

If you prefer to get the below information in video form, please feel free watch our YouTube video: “Automated Trading: What is an Expert Advisor (EA)?” here.

Expert Advisors (EA), also called trading robots and algos, are programmes or pieces of code, which enables you to engage in automated trading. Each Expert Advisor is unique and built to the individual user’s taste preferences.

An EA is just a short way to describe software that automatically enters, exits and manage trades based on a trading strategy. They can used to trade Forex, Crypto, Futures and indicies as well as some stocks. 

The EAs run on the Metatrader 4 or 5 software. You can download this for free when you open a demo or live trading account through one of many of brokers worldwide.

EAs help take the emotion out of your trading, allow you to enter/exit/manage trades while you’re at work, sleeping or enjoying life.

They can be easily tested on historical price data giving you the confidence if a trading strategy will work. 

In short, these EAs are extremely powerful and flexible and can mimic virtually any trading system you can imagine.

For example, they can set dynamic stop loss, take profit levels, trail your stop loss dynamically, draw Fibonacci levels and trend lines, read candlestick patterns, work with custom indicators, set your money management… and many, many more things.

There are two options for getting started with Expert Advisors:

1. You can copy the trades of an EA.
2.  You can choose to create your own.

To build your own trading robot, you will develop, programme and compile it on the MQL MetaEditor using the MQL coding language. Using your past trading experience, you can define which market conditions, based on various indicators and elements, will result in trade opening, or will close positions.

You aren’t expected to be a master programmer or an experienced trader to use EAs when trading. Our EAs can be used by anybody regardless of your trading skill level.

Yes, Expert Advisors do work. We have used them ourselves and would never lease any EAs out if we hadn’t thoroughly tested and used the EAs ourselves. Just remember: you must choose the proper Expert Advisor that fits your style and risk appetite. There are many Expert Advisors available and some are inferior, while others do exactly what they are supposed to do. One of the great benefits of using EAs is that they will take all the emotions out of your trading.

There are many different Expert Advisors available and each is designed to do something different. So, the best Expert Advisor will depend on your own needs, risk appetite and expectations.

While there are some Expert Advisors that are designed to run 24/7 (like ours) and always remain in the market, others don’t. For example, there are a number of Expert Advisors that were developed specifically to work around news releases such as central bank monetary policy releases, GDP and CPI releases, or unemployment data releases. These Expert Advisors might only run for 10 days out of the entire year. Other Expert Advisors have a broader perspective on the markets and these do run 24/7 for as long as they remain relevant in their given market.

• There is no limit here. An EA can take as many trades as you code it to take, based on your entry criteria, exit plan, trade management etc.
• A high amount of trades. A low amount of trades. Nothing is better than the other.
• The most important thing is that you can adjust your risk parameters (via the software we set you up to use) to suit your own risk appetite.

• The best broker is the one with the lowest spread and lowest commission.
• Our EAs generate quite a bit of volume so you want to make sure you’re not paying a lot of commissions.

• This is different from EA to EA. It depends on how you code the EA to work.
• For our EAs, the base risk for every position is always set to 0.3% per trade (but can slightly change due to volatility in the market. However, it won’t be a big deviation from the 0.3% risk).
• However, when you sign up to our EAs, you will be able to adjust this risk setting anytime you want so it fits your risk appetite.

No, our EAs have a fully automated built-in management system that automatically trails the stop-loss when it sees fit.

• No. Our EAs are based on price action with a stop loss in place for every position.
• The profit targets are always as a minimum 1:1 or much higher.
• Our EAs also doesn’t add extra positions if the trade goes in drawdown.

• GBP/USD/EUR 2,000,- is the very minimum trade size on your account we recommend. Even better if you can start with GBP/USD/EUR 10,000,-. This is the amount you will put into your own trading account, and then connect that account up to our automated trading system/EA.

There are many benefits when you trade with automated trading systems. Just to mention a few of them:

• You don’t have to do any trading or investing yourself. You just have to connect your trading account to our trading account. And then you will take the same trades as we do and get the same results we do. 
• You get an extra (diversified) long-term strategy in your trading portfolio, or simply just your first, passive trading strategy.
• You can use it without doing the hard work yourself. I.e. it’s hands-off trading for you.
• You don’t need any specific trading/investing experience.
• If you have been “afraid” of getting into trading/investing or if you have had a lot of emotions earlier when trading/investing, using automated trading systems will give you peace of mind and an experience of trading and investing without any disturbing emotions.
• Automated trading will give you time back so you can have a better balance and meaning in your life (and if you have been an active day trader earlier, it will help you avoid being a slave to the charts). EAs will trade for you all day and night. Even while you sleep.
  • Now you can spend your time on family, friends, spare time activities, going on holidays etc.
• It helps you keeping the discipline. One reason why many traders are not becoming consistent is a lack of discipline. For example, traders who have a fear of taking a loss and hence deviate from his/her trading plan. Or the desire to take out a little more profit from a trade even though the trading plan is not made for this. With EAs, because trade rules are established and trade execution is performed automatically, discipline is preserved even in volatile markets. EAs thus help ensure that your discipline is maintained because the trading plan will be followed exactly.
• EAs are much faster than humans: Quotes analysis, complex calculations, making trading decisions etc. take only fractions of a second when done by an EA.

• We at Statera Trading welcome people from all over the world. No matter which country they are from.
• However, some countries might have certain rules and regulations. E.g. on which instruments the brokers of your country allow you to trade.
• So before you buy any of our EAs, please make sure that you can trade all instruments that the specific EA you buy trade.
• You can find this information via your broker, and if you are looking for a new broker you just have to choose one that allows you to trade the correct instruments.
• See which instruments our EAs trade further below under the specific FAQ for the specific EA.

• We at Statera Trading welcome people from all over the world. No matter which country they are from.
• However, some countries and brokers might have certain rules and regulations such as if they allow copy trading or not.
• So before you buy any of our EAs, please make sure that you can use copy trading in your country and with the broker of your choice.
• You can find this information via your broker, and if you are looking for a new broker you just have to choose one that allows you to use copy trading.

• It is not allowed to use a funded trading account / prop company with our EAs.
• We have been in contact with many prop companies, and the vast majority do not allow traders to copy trades from accounts which do not belong to themselves, which is the case if you use our EAs on a funded trading account / prop company account.
• As we don’t want to run the risk that you lose your prop funded account due to a breach of the prop company’s T&Cs, we have decided to protect you from this by not allowing the use of any of our EAs on accounts other than your own.

• We have used ForexVPS for several years ourselves, and we have been happy with their service (24/7 support) and the functionality of their VPS (more or less 100% uptime, really low 1 millisecond latency etc).