Expert Advisor which can survive for more than a year!

Hi All,

Just wanted to have some fun discussion, better to be in a constructive way

Intend is to have an open discussion on the Expert advisors (Free or Commercial) which can sustain for more than a year and does not wipe off your first deposit (>= 500 USD or equivalent) also gives you minimum >= 2% profit on weekly basis.

I assume, here we can talk about our development, also any EA which we have bought in past and still using as it is profitable, discussing about the EA's trading strategies etc.

Here are my past works for reference

Rekon-X Auto Bots Expert Advisors for Forex Trading
RekonX: Trading Binary Volatilities 24 By 7
Rekon's Binary Option Trading with M15 Chart
Binary Options 24 BY 5
Multi Time Frame Analysis for Spot and Binary Options
Rekon Xs and Market Scanner for Spot and Binary Options

Look forward to have a good discussion.

Cheers!
Rekon

Here is a visual with strategy tester for Rekon-X EA trading on EURUSD for the entire 2017 (till date) with equity usd 500, leaverage 1:500.


EURUSD 2017 Trading with Rekon-X

Rekon-X project is not completed yet, the more you see the video you will be able to point out the corrections required to the EA.

It is worth mentioning, 2017 year has been challanging because EU fall and then the trading range got very volatile which means trading this pair has not been easy - in forex perhaps nothing is easy - all traders needs to be on their toe when the deals are active and online!

So, EA needs to pass a basic test on surviving for a minimum of one year period before it starts working on our live account.

I think key survival points for the EA are following, feel free to add more :-

A. Sustain - Long period > a Year
B. Opening Positions > This is important - open position with trend also do contra when it requires - so trade opening timining is important.
C. Closing Positions >

A. Close when in total we have profit
B. Close when in Loss - start looking for open positions with loss - close them one by one *
C. Close before Market Close *

Drawdown on equity may be one of the key point - presently Rekon-X does not have this feature but controling the drawdown is connected to how we are closing the open positions which are in loss.

This is what I will be including in Rekon-X final version.

Despite of the drawdown feature - RekonX has passed the test on current one year data which I find amazing!

So guys, share your experience with other EAs as well

Although trading method looks simple - but a major difference between a human and an EA is - average human is tend to get tierd soon and miss most of the "Right" opportunities of placing trades and closing trades - human is vulnarable to manipulate his own rule and gets carried away with emotion/fear/anger/day dream - An EA will just execute the same method - it will do all things correctly assuming required system/internet is supporting it. It can win >99.99 % than an average human given the same conditions.

Snap from the Live Account (Myfxbook) -- Its Profiting but having drawdown >50%

thank u for many job don in ff. i am an advance strategy developer and i think u code ea for
mt4 a long time enough to understand what i have put together , at ur interest let us do an ea
project together. i started forex since 2006 also, so i am sure u are old enough in this
market to understand what system logic i have.

system 1 = concept is on price action.
system 2= concept is on demand and supply.

skype swingdroid

Sure thing.

Interesting stuff.

https://gyazo.com/7a497cf554e4c610706d93a3208a4dd0

2017 result .
my private ea i did this with another coder. too abt 1 year to fix this , but result is not as fast as i want , it makes abt 100% in every 10 months
at any year.
if i have a high price buyer i may sell it.

it trades on patterns and fibonacci, experienced coder like rekon did it high accuracy coding.
trades on eurusd alone .

RekonX - Live Statistics: Myfxbook Link

It's doing good .. and I have found a way to keep the draw down low in case the trade setup goes wrong. But, still has scope for improvement.

A new milestone on profit is reached today

Brilliant way to close friday! It traded 4 pairs beautifully!

50 up! ++

It's half century! time for a short celebration!

Less volume and high volatility in the market - able to cross $800 mark with $490 investment - today is only 11th day!

Another milestone reached - $900 mark! We're almost there to double the equity in about 2 weeks time!