I have in the past been looking for eas that work well and ive really only found one (with 86% drawdown , hey but it works for 10 years on eurusd!) . Looking for eas that work and not finding them is very discouraging because
(1) Alot of systems out there are rather mechanical and can be programmed. If there aren't any succesfull ones, how would manually trading the system give different results (you always hear follow the rules right?)?
(2) What makes nonmechanical systems any more profitable? Advanced human visual recognition abilities?
However, I'm suspicious of point (1). Specifically, i've tried some eas for the Cowabunga system. They all fail. Yet, on the same time period the author who has used this system and has posted all his trades for 2 years, has a 59% success rate with atleast a 2:1 RR ratio! That sounds like, even with a mechanical system like the cowabunga system, programming an ea to match doing it by hand is hard. I've been meaning to look into why the cowabunga eas don't make the same trades as the trades posted by the author. The only sort of non mechanical thing about the system is the placing of the stops below the previous low, but that can still be programmed.
Anyways, does anyone have any ideas why a mechanical system would differ from a trader trading the same system. Is it because the trader would add more rules, or somehow not use it in bad market conditions. I.e. things that aren't included in the trading system and the rules. the mysterious human element?
(1) Alot of systems out there are rather mechanical and can be programmed. If there aren't any succesfull ones, how would manually trading the system give different results (you always hear follow the rules right?)?
(2) What makes nonmechanical systems any more profitable? Advanced human visual recognition abilities?
However, I'm suspicious of point (1). Specifically, i've tried some eas for the Cowabunga system. They all fail. Yet, on the same time period the author who has used this system and has posted all his trades for 2 years, has a 59% success rate with atleast a 2:1 RR ratio! That sounds like, even with a mechanical system like the cowabunga system, programming an ea to match doing it by hand is hard. I've been meaning to look into why the cowabunga eas don't make the same trades as the trades posted by the author. The only sort of non mechanical thing about the system is the placing of the stops below the previous low, but that can still be programmed.
Anyways, does anyone have any ideas why a mechanical system would differ from a trader trading the same system. Is it because the trader would add more rules, or somehow not use it in bad market conditions. I.e. things that aren't included in the trading system and the rules. the mysterious human element?