Is there such a thing as a "consistantly" profitable EA? I see lots of posts regarding backtesting, but does anyone know of a proven EA that really makes money?
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Quoting ShorediverDislikedIs there such a thing as a "consistantly" profitable EA? I see lots of posts regarding backtesting, but does anyone know of a proven EA that really makes money?Ignored
Quoting ShorediverDislikedIs there such a thing as a "consistantly" profitable EA? I see lots of posts regarding backtesting, but does anyone know of a proven EA that really makes money?Ignored
Quoting RoBiKDislikedthe more an EA is profitable, the less likely is, that the author will show it to someone
so the most profitable EAs are those, wich you will never seeIgnored
Quoting PoindexterDislikedI am new to Forex Factory, so I hope you don’t mind me jumping into your thread. I have been trading for about a year seriously. And am looking to go full time by Xmas. I have tried so many complicated methods involving up to 7 indicators to give me entry / exit point signals, almost lost my girlfriend though all the all night sessions trying to solve it. I have always come back to EMA's. I only trade on the Euro/USD, on a 1hr time frame using a 4 & 21 EMA. I wait for the EMA’s to post a cross on the hour and then enter. This alone will not make for a 100% profitable system, but its the rules that you apply to its and yourself that do. My basic rules are..<o></o>
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1. Never trade on the morning of an announcement, especially the big ones like non-farms etc.<o></o>
2. I will not enter a buy trade even with the right EMA signal, if the market is at or approaching all time highs (It needs to be about 100 points of its recent highs for me to enter (the reverse for a short trade).<o></o>
3. Understanding support and resistance levels is crucial.<o></o>
4. But the key is sizing out. I always take 25pts for first third of the stake. Then take 50 pts with the second third and leave the last to run until the EMA has re-crossed, or it hits its stop 10 pts above entry point. If the trade does go wrong, and the EMA re-crosses the nest hour though some freak world event then get out. Never be afraid to cut your losses.<o></o>
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My weekly pip count varies but it’s always positive. I am into safe trading and minimal risk. I don’t get as many points as many but I can go in heavier as I know it’s reliable. I get on average about 500+ points a month.<o></o>
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I don’t straddle trade, but I do use a 5minute chart with same EMA's to pick up retracements sometimes (mainly the GBP/USD the only time I trade it).<o></o>
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I often liken trading like Chess. If the individual pieces have no rules the game would be useless. But it’s the constraints you add to the pieces that make it work. A good trading system I think is the same. <o></o>
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Anyway that’s enough from me, I hope I have not stated the obvious too much but its just what works for me.Ignored
Quoting tomhenDislikedI have heard of a software that predicts the market moves up to 4 days in advance. Does anybody know anything about it? I know the name of it but since I have less than 50 posts I can not mentioned the soft ware. It says it takes data from 12 different indicators and is able to project future movement of the currency with 80% accuracy.
Thanks
TomIgnored
Quoting tomhenDislikedHas anyone heard or used the Vantage Point Software. It is advertised all over on many web sites and states an 80% accuracy.
Thanks
TomIgnored
Quoting YardieDislikedI have been hearing mix reviews about this software -- most have been negative. There is a thread about it here: http://www.forexfactory.com/forexfor...ead.php?t=3188Ignored
Quoting truccoDislikedThe problem about girlfriend I think is quite common
Trading is a bit adictive...and especially at the beginning emotions go over all..which is very bad if I think how I was the first 2 months..Ignored
Quoting jlowderDislikedTry problems with a WIFE. :-) Getting up at 2:00am to check the London market she was about to start asking for my car keys! lol
JasonIgnored
Quoting truccoDislikedThe problem about girlfriend I think is quite common
Trading is a bit adictive...and especially at the beginning emotions go over all..which is very bad if I think how I was the first 2 months..Ignored
Quoting Hagbard CelineDislikedGlad I'm not the only one with this problem.
She says she's getting tired of me being on the computer all the time. That I care more about trading than I do about her and need to balance my passion for Forex with my passion for her.
You know, she's right. I think I'm going to go cuddle up to her and watch a movie.
As soon as I'm finished reading the james16 chart thread. Oh, and the Vegas files. I really should go and test my system on at least one pair on the H1 time frame for the past 2 years data to before the market opens tommorow too.
Most movies nowadays suck anyway.Ignored