What is the best EA in here? | Forex Factory

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What is the best EA in here?

  • #1
  • First Post: Mar 27, 2017 8:19am Mar 27, 2017 8:19am
Hey guys!

There are a lot of open threads out here who are offering their EAs.. some are good, and some are bad.. and there are a lot, I mean a LOT! And looking for the best one is the hardest to find cuz there are a lot of post out there.

If someone here uses a profitable EAs who trades more than 5 trades a day that would be great, please share it to us. I have a lot of tabs open, and if I backread all of those thread, my time will waste. I'm just knew here so in order to get me understand all the EAs, I have to read from start til end of the post, repeating for all the thread post in here which is a waste of time for me.

I need to look for the profitable EA.

Sorry for asking, but this way I can save some time. Oh, and of course will waste more time on backtesting.

Thanks for reading and responding
  • #2
  • Mar 28, 2017 1:38am Mar 28, 2017 1:38am
Don’t waste your time searching this is a fairytale, no one is sharing a profitable EAs just like that. I have tested thousands of Eas and after wasting that time testing realized that learning the charts and manually trading is far better Anyway good luck.
  • #3
  • Mar 28, 2017 2:24am Mar 28, 2017 2:24am
[Quote = DwainUK; 9713947] Non sprecare il Vostro tempo alla ricerca this una favola, non si condivide Una EA cos redditizio Proprio. Ho Testato migliaia di Eas e DOPO Aver sprecato prova quel tempo in Resi Conto Che l'Apprendimento delle classifiche e di commercio di manuale di gran lunga Migliore Comunque buona fortuna. [/ Citazione]

si certo
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."... But ..
  • #4
  • Mar 28, 2017 4:58am Mar 28, 2017 4:58am
Why do you want an ea? Wouldn't it be better to learn the mechanics of good, consistent trading first?
  • #5
  • Mar 28, 2017 5:04am Mar 28, 2017 5:04am
Totally agree, with DwainUK. Besides, I have expressed my overall negative feelings towards Automated trading systems in many other threads. So, I would suggest you to master your craft, find a manual strategy that works for you and suits your style and stick to it. Don’t waste you time with false prophets promising instant success by using one EA or another.
  • #6
  • Mar 28, 2017 5:33am Mar 28, 2017 5:33am
Before you choose any forex robot, it is prudent that you don’t choose one based on the report provided by the vendor. You must do your research diligently to check if the performance is unusual from its backtested outcomes. Invariably you can collect information from other traders who have used a forex robot before reaching a final decision.
  • #7
  • Mar 28, 2017 6:43am Mar 28, 2017 6:43am
better to use EA just to handle exchanges manually open
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."... But ..
  • #8
  • Apr 2, 2017 10:19pm Apr 2, 2017 10:19pm
I remember those early noob days spent looking for that 1 ea that was somewhat profitable, so many nights spent awake, so many hours, all wasted.
However there are 1000s of profitable eas out there, making lots of money, however you will never ever get your hands on them, as they are private and used within large companies, not being sold for $59 on some sort of fancy looking sales page lol.

Seriously though, step away from the EA thinking, and go learn some fundamentals, did you know Trumps meeting with China this week? probably not right, well get in a position where you know things like this, as I already have a trade set out for this one particular event that will probably pay my cars monthly fuel bill.
  • #9
  • Jul 18, 2017 10:35am Jul 18, 2017 10:35am
Quoting DwainUK
Dont waste your time searching this is a fairytale, no one is sharing a profitable EAs just like that. I have tested thousands of Eas and after wasting that time testing realized that learning the charts and manually trading is far better Anyway good luck.
I think so, profitable trading EA’s are not available here and there! But, yes there have so many free and paid EA’s in online, and most of them are valueless! That’s the reality! So, new traders may avoid this shortcut way of money making, it’s not possible actually.
  • #10
  • Jul 18, 2017 1:17pm Jul 18, 2017 1:17pm
"If someone here uses a profitable EAs who trades more than 5 trades a day that would be great, please share it to us. I have a lot of tabs open, and if I backread all of those thread, my time will waste."

Hey, if anyone has some spare $50,000 that would be great, please share it to us. If I have to go to work for 3 years and earn it, my time will waste.

Seriously though, forget shortcuts and EAs. Just learn to trade! It's a skill like anything else, it can be learned. Some have a natural affinity to it, for others it's hard work.

Here's my starters tip: let your profits run, but cut your losses early.
  • #11
  • Feb 24, 2018 4:53am Feb 24, 2018 4:53am
Quoting Forex-Jedi
"If someone here uses a profitable EAs who trades more than 5 trades a day that would be great, please share it to us. I have a lot of tabs open, and if I backread all of those thread, my time will waste." Hey, if anyone has some spare $50,000 that would be great, please share it to us. If I have to go to work for 3 years and earn it, my time will waste. Seriously though, forget shortcuts and EAs. Just learn to trade! It's a skill like anything else, it can be learned. Some have a natural affinity to it, for others it's hard work. Here's my starters...
I really agree with your opinion! There is no shortcut way of earning! On the other, scammers mainly sell their trading EA’s with a tagline like 100% profit guarantee!
  • #12
  • Feb 27, 2018 7:52pm Feb 27, 2018 7:52pm
There is no ‘best one’. if there were we would all be using it. The choice is huge and EA’s have a range of functions not just automating your trading.
  • #13
  • Feb 27, 2018 10:40pm Feb 27, 2018 10:40pm
Quoting Butterscotch
There is no ‘best one’. if there were we would all be using it. The choice is huge and EA’s have a range of functions not just automating your trading.
Exactly, but most of the new traders miss this point! They try to make automatic money by using a trading EA, trading is not such a simple job at all.
  • #14
  • Feb 27, 2018 10:50pm Feb 27, 2018 10:50pm
FWIW I gave some thoughts on automated systems here.
  • #15
  • Mar 4, 2018 2:10am Mar 4, 2018 2:10am
Quoting mrmporkie21
Hey guys! There are a lot of open threads out here who are offering their EAs.. some are good, and some are bad.. and there are a lot, I mean a LOT! And looking for the best one is the hardest to find cuz there are a lot of post out there. If someone here uses a profitable EAs who trades more than 5 trades a day that would be great, please share it to us. I have a lot of tabs open, and if I backread all of those thread, my time will waste. I'm just knew here so in order to get me understand all the EAs, I have to read from start til end of the post,...
I do not think there is any EA that works for long. It works for few days because EA is made of different strategies. It needs constant modify to work for long. EA could be very good for trading if you can make it of your own with your own strategy. Using an EA is following someone blindly.
  • #16
  • Mar 4, 2018 3:28pm Mar 4, 2018 3:28pm
Quoting AgusKurniaw
{quote} I do not think there is any EA that works for long. It works for few days because EA is made of different strategies. It needs constant modify to work for long. EA could be very good for trading if you can make it of your own with your own strategy. Using an EA is following someone blindly.

There are some EAs that are working more than good over a long period of time. You have plenty of system published on myfxbook with a track record of over 18 months and the results on some of them are quite impressive.

But to answer the original poster, you will not find any good EAs for free. The only way you will be able to get your hands on profitable automated strategy is to invest in a managed that uses EA. Why would anyone share their profitable EA for free? It makes no sense at all. Traders are working for years developing their trading skills and then coding them after the manual system has proven to be profitable.

I used to only go for manual trading but in the last couple of years I prefer automated trading. I found automated systems have more success and are much more stable due to emotionless trading. The best manual system I ever saw doesnt come even close to the best automated system out there thats available to general public as an investment product.
  • #17
  • Last Post: Mar 7, 2018 1:14pm Mar 7, 2018 1:14pm
Quoting hanover
FWIW I gave some thoughts on automated systems here.
Ow; that’s very much relevant link actually! Thanks for adding here.
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