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In this episode, Petko Aleksandrov sits down with Ilan Vardy to unpack one of the most common questions in the algo trading world: how do you choose the right expert advisor—especially if you’re just getting started? They cover the full journey from understanding what a trading robot actually is, to picking your first EA, testing it safely, and knowing what to avoid. Ilan shares practical steps beginners should follow, including how to use demo accounts, filter robots on the MQL5 marketplace, and evaluate backtests and verified track records. They also discuss capital allocation, the dangers of unrealistic expectations, and the importance of risk diversification when building a portfolio. Whether you’re working with $50 or $5,000, this episode gives you a clear, honest framework for getting started with EAs the smart way—without falling for the hype.

👉 Dark Nova, Dark Titan, Dark Algo and Dark Gold are available here: https://link.eatradingacademy.com/xnAzr

Remember to use the coupon code *PETKO10* for a 10% discount on any of the Dark EAs

✨Get the Dark Mimas and other free Dark EAs from here: https://link.eatradingacademy.com/YMHZt

00:00:00 Intro

00:01:33 Ilan’s background

00:02:16 Why Ilan started

00:02:41 Starting from zero

00:02:56 Learning from courses

00:03:07 Discovering EAs

00:04:41 EA Academy results

00:05:10 Support from real traders

00:05:51 Building the EA Academy team

00:06:14 Real-time trader interaction

00:06:57 Picking the right EA

00:07:13 Where to get EAs

00:07:31 Best EAs for beginners

00:07:49 Tips for new traders

00:08:27 What is MQL5?

00:08:55 What to check in MQL5

00:09:10 Are free EAs worth it?

00:09:50 EAs by asset type

00:10:17 EA ratings and reviews

00:10:51 Verified track records

00:11:11 EA selection checklist

00:11:27 Why track records matter

00:12:13 When there’s no track record

00:12:34 Too many track records?

00:13:02 Money-back guarantees

00:13:12 Free EA trials

00:13:44 Choosing your EA type

00:13:50 Risks with Grid Martingale

00:14:06 Risk tolerance in trading

00:15:27 Demo trading basics

00:15:45 Ilan on demo vs live

00:17:05 Demo vs live accounts

00:17:29 What is Darwinex Zero?

00:18:24 Darwinex allocations

00:19:38 Allocating $1K for EAs

00:20:17 Cheap EAs that work

00:21:00 Flexible EA licenses

00:22:23 How many EAs do you need?

00:22:47 Trading with multiple EAs

00:23:45 EA diversification strategy

00:24:32 What happens after you choose an EA?

00:25:39 Backtest customization

00:26:51 EAs for small accounts

00:27:21 Minimum capital needed

00:28:50 Avoiding fake promises

00:30:11 Realistic profit targets

00:30:51 Don’t trust huge-profit EAs.

00:32:04 Core trading rule

00:33:13 Ilan’s 7-step list

00:34:01 Track record manipulation

00:34:44 Outro

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⚠️Do your due diligence about which EA or strategy you will use for trading.

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✔️ Thanks for watching our podcast titled "How We Select Trading Robots."

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Materials and opinions provided here are intended solely for informational purposes for prospective clients and does not constitute investment advice made by the presenter and/or the Company. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to risk losing your money.

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