Losing EAs Welcomed Here! | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Improvements welcomed - MACD(8,13,3) 2 replies

JFX Workshop (all strategies welcomed) 64 replies

EAs and losing connection 3 replies

Losing EAs Welcomed Here!

  • #1
  • First Post: Feb 10, 2017 2:56pm Feb 10, 2017 2:56pm
Hello to all.

This may seem to be an unusual start to a thread but I really are looking for your losing EAs!

But your losers need to fill some criteria:
1. To have been backtested on preferably H1 eur/usd for approx a year (or traded live if you have been that unlucky)
2. The backtest results to show a steady and even decline with no huge spikes or drops
3. The EA to have only one trade open at a time, so no martingale or grid systems
4. The EA to have during backtesting the SL and TP to have been set equally
5. The EA to be constantly losing, with winners being very rare or non-existant.
6. The EA to place trades often and consistantly badly

This really isnt a joke, but my idea is to reverse trades and see what the results are.
It may be a complete waste of time for me but with your help I'm willing to give it a try.
Please post any of those abandoned and unloved EAs that you might think fit the criteria and lets see what happens!
Many thanks in advance
  • #2
  • Feb 10, 2017 3:47pm Feb 10, 2017 3:47pm
This has been done several times and it doesn't work.
  • #3
  • Feb 10, 2017 3:58pm Feb 10, 2017 3:58pm
Quoting ChicagoRob
This has been done several times and it doesn't work.
Could you give your views of why it doesn't work please?
  • #4
  • Feb 10, 2017 4:23pm Feb 10, 2017 4:23pm
Quoting herewego
Hello to all. This may seem to be an unusual start to a thread but I really are looking for your losing EAs! But your losers need to fill some criteria: 1. To have been backtested on preferably H1 eur/usd for approx a year (or traded live if you have been that unlucky) 2. The backtest results to show a steady and even decline with no huge spikes or drops 3. The EA to have only one trade open at a time, so no martingale or grid systems 4. The EA to have during backtesting the SL and TP to have been set equally 5. The EA to be constantly losing, with...
Loosing EAs with such criteria are very rare. When found they can be made profitable simply by reversing the signals.

Making a consistently loosing EA is as hard as making a consistently winning EA.
No guts, no glory
  • #5
  • Feb 10, 2017 4:34pm Feb 10, 2017 4:34pm
Quoting abokwaik
{quote} Loosing EAs with such criteria are very rare. When found they can be made profitable simply by reversing the signals. Making a consistently loosing EA is as hard as making a consistently winning EA.
That makes complete sense to me and I appreciate your views on this. I just thought instead of always looking for the perfect EA there might be scope to do the opposite.
  • #6
  • Feb 10, 2017 6:41pm Feb 10, 2017 6:41pm
Try running 2 EA's doing opposite trade at the same time and see the result.
  • #7
  • Feb 10, 2017 7:15pm Feb 10, 2017 7:15pm
It might still work if the EA is losing constantly not 100 percent of the time.
Constantly means most of the time.
You might make a winner out of it by changing sl and tp.
  • #8
  • Feb 10, 2017 10:43pm Feb 10, 2017 10:43pm
If I shared an EA that isn't profitable and you are able to make it work, will you be sharing the results and source code?
  • #9
  • Feb 10, 2017 11:38pm Feb 10, 2017 11:38pm
There are a lot of simple reverse scripts. However I had the problem of setting the right sl and tp. It wasn't possible to accomplish that with freeware EAs.
  • #10
  • Feb 11, 2017 2:58am Feb 11, 2017 2:58am
Does not work
Losing system = garbage in, garbage out
reverse the signals and you get the opposite! which results in:
garbage in, garbage out

Reversing the signals on a winning system results in a winning system
Reversing the signals on a losing system results in a losing system
  • #11
  • Feb 11, 2017 3:47am Feb 11, 2017 3:47am
Quoting jimsnz
If I shared an EA that isn't profitable and you are able to make it work, will you be sharing the results and source code?
I would share anything that worked right here.
  • #12
  • Feb 11, 2017 3:55am Feb 11, 2017 3:55am
Quoting Mingary
Does not work Losing system = garbage in, garbage out reverse the signals and you get the opposite! which results in: garbage in, garbage out Reversing the signals on a winning system results in a winning system Reversing the signals on a losing system results in a losing system
I really appreciate your views on this. To my way of thinking there must be countless unprofitable EAs compared to the tiny % that are successful. It's a bit like the fact that around 90% of retail traders lose money, however logic would estimate that figure to be around 50%. I'm just trying to look at losing EAs from a different perspective.
  • #13
  • Edited 6:18am Feb 11, 2017 5:37am | Edited 6:18am
The idea of finding a losing system and then reversing it has been put forward several times.
FWIW I posted some reasons why I believe it is a fool's errand (Part 1 and Part 2), at least for the retail trader.
  • #14
  • Feb 11, 2017 6:08am Feb 11, 2017 6:08am
http://www.zerohedge.com/news/2017-0...ions-against-c

That is all explains about opposite trading can work.
Depends how reverse conditions are done, Consistency and spreads effect.
Take it easy.
  • #15
  • Feb 11, 2017 11:24am Feb 11, 2017 11:24am
Quoting hanover
The idea of finding a losing system and then reversing it has been put forward several times. FWIW I posted some reasons why I believe it is a fool's errand (Part 1 and Part 2), at least for the retail trader.
Thank you for the links to your informative and interesting points. They do seem very clear and concise as to why it will not work.
  • #16
  • Feb 11, 2017 2:43pm Feb 11, 2017 2:43pm
how about strategies that win on demo but lose on real live trading,if anybody got something like this im down for it too
  • #17
  • Last Post: Feb 11, 2017 3:23pm Feb 11, 2017 3:23pm
Quoting metta87
how about strategies that win on demo but lose on real live trading,if anybody got something like this im down for it too
I think that could be an interesting twist to the idea
0 traders viewing now