Ever have any trouble finding profitable EAs? | Forex Factory

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Ever have any trouble finding profitable EAs?

  • #1
  • First Post: Edited 5:10pm Jul 29, 2017 4:34pm | Edited 5:10pm
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
Be hopeful in a winning position, and fearful in a losing position.
  • #2
  • Jul 29, 2017 5:08pm Jul 29, 2017 5:08pm
I decided to open this thread up.
I'm not going to talk about my EA but I'll give you a hint.

Be aggressive. Ultra aggressive.
Don't confuse this with being greedy.
Take your profits when you have them.

If only you can see what I have seen, the limitations you created for yourself long ago would vanish.
Be hopeful in a winning position, and fearful in a losing position.
  • #3
  • Jul 29, 2017 5:44pm Jul 29, 2017 5:44pm
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  • #4
  • Jul 29, 2017 10:38pm Jul 29, 2017 10:38pm
Quoting Rag2RichesFX
I decided to open this thread up. I'm not going to talk about my EA but I'll give you a hint. Be aggressive. Ultra aggressive. Don't confuse this with being greedy. Take your profits when you have them. If only you can see what I have seen, the limitations you created for yourself long ago would vanish.
Thanks for the post Rag2RichesFX...

"If only you can see what I have seen, the limitations you created for yourself long ago would vanish. "

Could you please elaborate more on this, perhaps with an example?
  • #5
  • Jul 29, 2017 10:58pm Jul 29, 2017 10:58pm
Market conditions change too much for an e/a to be consistently profitable... They may work for a little while.. For example in a trend. But will fail in rangy. Even the pro's algo's need constant tweeking and are not on full auto. And they have many more lines of code then any MT4 algo could ever have. Sorry, I'm not a believer in personal EA's.
The only system that will work is one designed by and for yourself.
  • #6
  • Jul 30, 2017 11:26am Jul 30, 2017 11:26am
When are you going live on the commercial section?
  • #7
  • Jul 30, 2017 1:46pm Jul 30, 2017 1:46pm
They're all profitable! I just load them up and let them run and watch the money roll in! I love it!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8
  • Jul 30, 2017 1:49pm Jul 30, 2017 1:49pm
Quoting The Fool
They're all profitable! I just load them up and let them run and watch the money roll in! I love it!
*Banks hate him*

Attached Image (click to enlarge)
Click to Enlarge Name: sub2.jpg Size: 87 KB

Just for 10 easy payments of $349 this software can be yours!!
But
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  • #9
  • Jul 30, 2017 2:10pm Jul 30, 2017 2:10pm
Quoting Rag2RichesFX
Be aggressive. Ultra aggressive. .


[...] it compounds at 20-30% per month.
LOL Ultra aggressive means 20% a day .

20% a month is for mediocre ppl who are afraid of everything.
  • #10
  • Jul 30, 2017 2:21pm Jul 30, 2017 2:21pm
Quoting Rag2RichesFX
Just wanted to say keep grinding and working hard! Breakthroughs exist. It's not as difficult as you think.
Sometimes one tends to forget that the simplest of methods is often more than adequate.
Less is more
  • #11
  • Edited 6:27am Aug 2, 2017 5:53am | Edited 6:27am
Quoting HeyYou
{quote} LOL Ultra aggressive means 20% a day . 20% a month is for mediocre ppl who are afraid of everything.
Yeah go for that 20% a day. You'll probably blow out.

Doable as a manual trader but with an EA? Good luck.
If you've coded one yourself. Great. Bravo.
Still you are a douchebag for responding that way.

Plus I still trade myself. That's on top of my own trades.
It trades other markets I'm not 100% focused on.

I'm not selling anything. I'm just trying to inspire people. It's pretty clear what you all believe. 300%+ gains from an EA (just buy side not sell side) isn't possible.
Whatever. That's why I'm saying I've seen things you can't believe (and clearly many people cant)

I've never peddled anything.

Quoting ScalpTaker
{quote} Sometimes one tends to forget that the simplest of methods is often more than adequate.
Definitely.

The #1 reason people lose is because they close trades that will be winners for a loss.

That and loading the boat all in one trade/price zone.

Quoting bloodpoodle
Market conditions change too much for an e/a to be consistently profitable... They may work for a little while.. For example in a trend. But will fail in rangy. Even the pro's algo's need constant tweeking and are not on full auto. And they have many more lines of code then any MT4 algo could ever have. Sorry, I'm not a believer in personal EA's.
More code does not = better. Simple is better.

That's too bad you believe that. JPM is replacing some of their traders with their new AI.
You need to open your mind.

I'm still a much better trader than my EA. No I don't run it on auto pilot.
I change it from long to short mode based on position of daily candle.
I do this 2 or 3 times a day at most.
And this isn't even necessary. Just makes it more profitable.

I can only imagine what JPM has designed.

Quoting The Fool
They're all profitable! I just load them up and let them run and watch the money roll in! I love it!
Wouldn't that be the life. Too bad I've never found a profitable EA for sale.

Mine definitely isn't

Quoting aaven
{quote} Thanks for the post Rag2RichesFX... "If only you can see what I have seen, the limitations you created for yourself long ago would vanish. " Could you please elaborate more on this, perhaps with an example?
Guess i was just referring to those who may be struggling. Mindset is crucial.

Automated income. EAs that scalp 25-50 trades a day per market.
Massive winning trades (Forex is liquid af).

Crypto currency returns.
(STRATIS was great)
Be hopeful in a winning position, and fearful in a losing position.
  • #12
  • Aug 2, 2017 6:11am Aug 2, 2017 6:11am
Anyone else long oil for a few months?

I haven't been to this site in a while.
If you hav questions feel free
Be hopeful in a winning position, and fearful in a losing position.
  • #13
  • Aug 2, 2017 6:32am Aug 2, 2017 6:32am
Hello Rag2Riches,
I have a question regarding your backdata test. What tools you used? Where you get the tick data from?
Do you run the EA on MT4?
I am never did back test and could use some help/hints.

Thanks!
Dani
  • #14
  • Aug 2, 2017 6:36am Aug 2, 2017 6:36am
Quoting arcgotic
Hello Rag2Riches, I have a question regarding your backdata test. What tools you used? Where you get the tick data from? Do you run the EA on MT4? I am never did back test and could use some help/hints. Thanks! Dani
Google TickStory

Yes MT4

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. But hey I'm not a genius or anything.
Maybe someone has created one that blows mine away (probably, yea)
Of course I still manage long term positions manually.

Might have some programmed for individual stocks but thats a whole different animal because of the volatility.
Best to just day trade stocks yourself. Super tight spreads, super volatile. If you know what you are doing..
Be hopeful in a winning position, and fearful in a losing position.
  • #15
  • Aug 2, 2017 6:41am Aug 2, 2017 6:41am
Quoting Rag2RichesFX
{quote} Google TickStory Yes MT4 Doesn't use any indicators. Just candles. Right now its scalping EURUSD, EURGBP, Oil, Gold, SPX, USDTRY, Bitcoin, and some alt coins.

How do we get our hands on this EA ?
Sounds amazing. A profitable EA is very hard to come by.
  • #16
  • Aug 2, 2017 1:52pm Aug 2, 2017 1:52pm
Quoting Rag2RichesFX
{quote} Yeah go for that 20% a day. You'll probably blow out. Doable as a manual trader but with an EA? Good luck. If you've coded one yourself. Great. Bravo. Still you are a douchebag for responding that way. Plus I still trade myself. That's on top of my own trades. It trades other markets I'm not 100% focused on. I'm not selling anything. I'm just trying to inspire people. It's pretty clear what you all believe. 300%+ gains from an EA (just buy side not sell side) isn't possible. Whatever. That's why I'm saying I've seen things you can't believe...

if you're afraid of blowing a $200 account.. either you're afraid of ghosts or you're very poor.

you talk about 20%/month, that's impossible to achieve consistently man, no bs.

so... if we talk about maximizing profits SERIOUSLY, I would risk 100% of my account, not 50% or less.. why leaving 50% unused ?
do you like a slow death ?

also if I want to maximize profits, I would try to grow the account as fast as I can.

I have never heard a professional gambler saying "this month I want to make only 20%... no more than that".

anyway, whatever.
  • #17
  • Aug 2, 2017 6:05pm Aug 2, 2017 6:05pm
Quoting HeyYou
{quote}20%/month, that's impossible to achieve consistently
Yeah consistency. That's the thing about returns is that they are not controllable like a paycheck. You can certainly average 20% per month, but it may be 90% one month, 10% the next, -40% the month after, etc.
  • #18
  • Aug 3, 2017 12:11am Aug 3, 2017 12:11am
Quoting Madinvestor
{quote} Yeah consistency. That's the thing about returns is that they are not controllable like a paycheck. You can certainly average 20% per month, but it may be 90% one month, 10% the next, -40% the month after, etc.

to me consistency is synonymous with recovery.. eg. will you be able to recover a 80% dd ?


I'm a programmer so I know that an average return of 20%/month over a 15 years period is just not possible, not even with a portfolio of strategies.

to be more precise, when we focus on returns, not risk that is more like gambling than trading, with an edge of course... but it still close to gambling!!
  • #19
  • Aug 3, 2017 3:38pm Aug 3, 2017 3:38pm
Quoting paulosss66
{quote} How do we get our hands on this EA ? Sounds amazing. A profitable EA is very hard to come by.
hard work and dedication
Be hopeful in a winning position, and fearful in a losing position.
  • #20
  • Edited 3:53pm Aug 3, 2017 3:41pm | Edited 3:53pm
Quoting HeyYou
{quote} to me consistency is synonymous with recovery.. eg. will you be able to recover a 80% dd ? I'm a programmer so I know that an average return of 20%/month over a 15 years period is just not possible, not even with a portfolio of strategies. to be more precise, when we focus on returns, not risk that is more like gambling than trading, with an edge of course... but it still close to gambling!!
Your mind is limited. What makes you think the DD is 80%... or anywhere near that??

My programmer is incredible.
But that doesn't mean hes a good enough trader to figure out how make a winning strategy on his own.

You may be a great programmer but you don't understand that concept I guess.
When my EA take 10,000 trades per year that profit 0.01-0.05% each. You do the math.

Theres about ~5 million retail forex traders in the world. ~250,000 are profitable. Of those 250,000 probably only 20,000 or less have profitable EAs (complete guess)

The rest trade manually. Most AI trading is done by institutions not retail.



It's funny that you think it's not possible, but making 55 million from a $3000 investment is (Bitcoin).

Not to mention, there was this dude who made a foam noodle and made millions off of it.
Not to mention, there was this dude who sold rocks, and made millions off of it.

Open your mind.

Quoting Madinvestor
{quote} Yeah consistency. That's the thing about returns is that they are not controllable like a paycheck. You can certainly average 20% per month, but it may be 90% one month, 10% the next, -40% the month after, etc.

No it's a pretty steady 20-30%. Some months 10%, some months 40%.
Most months 20 or 30%. This is what the law of large numbers does. It decreases volatility of returns.

But never +90% or -40%... wtf?

that would be a shit EA with no consistency and I would never run it.
Be hopeful in a winning position, and fearful in a losing position.
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