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Profitable EAs and Good Resources 159 replies

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Attachments: Ever have any trouble finding profitable EAs?
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Ever have any trouble finding profitable EAs?

Quoting Rag2RichesFX
If you hav questions feel free
Quoting Rag2RichesFX
{quote} Doesn't use any indicators. Just candles. Right now its scalping EURUSD, EURGBP, Oil, Gold, SPX, USDTRY, Bitcoin, and some alt coins. In my experience EAs are great at scalping not so great at trend prediction..
hey R2RFX , would you care sharing some more thoughts as to how the EA works ?
Write it and test it yourself, nobody is selling the golden goose.
I live entirely from the growth of my personal trading account
Quoting Rag2RichesFX
I struggled for what seems like forever to find one someone else created. In fact, I never did. The moment I created my own, it compounds at 20-30% per month. I modify the risk on it with my bigger account to do 20-30% per year. Pull profits from small aggressive account and move to conservative big account. Just wanted to say keep grinding and working hard! Breakthroughs exist. It's not as difficult as you think. Backtested 15 years (using tick data) and traded the past 6 months live

20-30% a month sounds unsustainable. What is your maximum draw-down from peak during your test period?
I live entirely from the growth of my personal trading account
Quoting GuyBaker
{quote} 20-30% a month sounds unsustainable. What is your maximum draw-down from peak during your test period?
he calculates the percents complete wrong, so he comes to this numbers.
when he has for example 100k money, in big account 90 k and in samll account 10 k and has 20% win in small acocunt, he has not 20% win, its is only 2 %. thats the problem with many people here, they habe so little accounts and call their percentages, but they dont put this won money in ratio to the whole money they have. so stupid and wrong. 2 % looks more fair then for him + what he has wins in conervative account. this was only example, meaby he has even less or little more.

but so it looks more logic, more advanced traders only calculate wins to whole money they have, not only to the account where money is in. so you get real percentages and thats only what counts. when you have many account your can even have minus all together when one account has 20% win in one month.

so his 20-30% all together for one year sounds quite fair and possible to get.

but 15 years backtest is crazy when dont in metatrader (i hope not , because of only bid prices). when he is trading daytrading then it will get extrem crazy. because spreads was this time much much higher and so he get wins never was there in real.
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