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Any one that can recommend a profitable EA?

  • #21
  • Dec 2, 2020 12:56pm Dec 2, 2020 12:56pm
Quoting Slorex
{quote} Hello man....I am not an affliate with this ea.. I said my input..Say yours and dknt tell me to hunt beginners. We are all contributing here..Or do you see me sell anything to you . So please let us be mindful of words..
i didn't write anywhere that EA is yours or that you sell it, some mistake, I'm just explaining the flaws of this EA.
  • #22
  • Dec 3, 2020 1:47pm Dec 3, 2020 1:47pm
Quoting aalaarajy
... I conclude out of all your inputs that there are no robot that is profitable in the long run. No consistency even when we need a very small profits like 3-5% a months. And I have tryed ForexFury and I can tell you that it looses one time and win three or four times. But, but, but, the big probelm every one loss need of you 6-7 winning trades to even recover. So this EA will blow your account slowly and step by step. It let you see your money disapear in front of your eyes by the time. Lol, maybe all these martingale and grids out there...
if someone is really that modest then a classic EA martingale could serve. can also be manual.
the grid range should be 150 or 200 pips and some monitoring.
  • #23
  • Dec 4, 2020 1:08am Dec 4, 2020 1:08am
Quoting Breza
{quote} if someone is really that modest then a classic EA martingale could serve. can also be manual. the grid range should be 150 or 200 pips and some monitoring.

The problem even these calculations you suggest can someday blow your account. Or give you so little in return that it doesn't deserve the time and effert. I tryed to backtest for months to many years of backtesting. I used the EA you gave me in my last thred. It was a good EA that can serve this purpose, but ended always either in account blowing or in a very little return that it was not worth it.
I know that many say that backtesting do not give the exact picture but I think when we not use any indicater and when the grid gab is above 80 it will show a somehow acurate results.
I could not get it to hold on for all the years 2015-2020 if I wanted a return that is above 50% for 18 months return. I talk about the gbpusd here as an example for my backtesting, but I have tryed many other trading instruments. Man! just 4% at a months and it still blow the account. I could a very good and high return from 01-01-2019 - 24-09-2020 more than 120% but when ever I add the 2016 to the backtest I get blown up very quickly. That is of course in this year the gbp have played marathon in running up and down.
So I ended forgetting all about grid and martingale.
Now I just want to find an EA that uses specific indicaters and specific logic for entries and it have to allow me to modify it's settings so I can play with it.. But even this is not to be found.
  • #24
  • Dec 4, 2020 4:45am Dec 4, 2020 4:45am
Quoting aalaarajy
{quote} The problem even these calculations you suggest can someday blow your account. Or give you so little in return that it doesn't deserve the time and effert. I tryed to backtest for months to many years of backtesting. I used the EA you gave me in my last thred. It was a good EA that can serve this purpose, but ended always either in account blowing or in a very little return that it was not worth it. I know that many say that backtesting do not give the exact picture but I think when we not use any indicater and when the grid gab is above...
as far as I remember, I left only the grid EA, not the martingale. grid with always the same lot can never be profitable in the long run.
I don't have quality historical data, so I'm interested in what the results would be with this free martingale EA and a grid range of 100 or 200 pips, a lot x2 increase and a $ 2000 deposit.

unfortunately, it is impossible to find a profitable EA "uses specific indicaters and specific logic". don't waste your time.
Attached File(s)
File Type: ex4 Forex Hero--AC .ex4   30 KB | 507 downloads
  • #25
  • Dec 5, 2020 6:15am Dec 5, 2020 6:15am
Quoting Breza
{quote} as far as I remember, I left only the grid EA, not the martingale. grid with always the same lot can never be profitable in the long run. I don't have quality historical data, so I'm interested in what the results would be with this free martingale EA and a grid range of 100 or 200 pips, a lot x2 increase and a $ 2000 deposit. unfortunately, it is impossible to find a profitable EA "uses specific indicaters and specific logic". don't waste your time. {file}
What? will you tell me that the historical data from mt4 is not quality data? Is it what you meant about you do not have access to quality data?
If it is, and if you mean to backtest using the default mt4 data that will be downloaded from the historycenter, then I have much to learn yet. Because it is these data that I am talking about. I do not have purchased a special historical data or subscribed to a paid service regarding this.
So, did I spend all these last months backtesting for nothing, or what?
As I have understand it, that these data that I download from mql5 historycenter can be accurate if you do not use indicaters and if your grid steps bigger than 30 pips.

Well, and how does this "forex hero ac" ea that you provided me operate? I see it is different from the usual martingale eas out there. It opens two big "both a buy and sell" trades, then the rest are smaller. Not as I am use to from a normal martingale ea.
And it shows good results with small dd.
  • #26
  • Dec 5, 2020 6:25am Dec 5, 2020 6:25am
Quoting Breza
{quote} as far as I remember, I left only the grid EA, not the martingale. grid with always the same lot can never be profitable in the long run. I don't have quality historical data, so I'm interested in what the results would be with this free martingale EA and a grid range of 100 or 200 pips, a lot x2 increase and a $ 2000 deposit. unfortunately, it is impossible to find a profitable EA "uses specific indicaters and specific logic". don't waste your time. {file}
When I say I need an expert that rely on a specific indicater as it's entry, I meant I just liked to use it's entry as reason to open a trade, but the rest is up to me and my playing around with the settings, so I need it to be dynamic with many editing positilities.
Because I have even this "Forex Fury" ea that I talked about how poor it is in different topics, even this I have made it somehow profitable buy opening two charts and let the ea open both buy and sell and then close a profitable trade when it reach two thirds the way where the stop loss meant to be hit, then the EA automatically and in many cases open the same direction as the trade that is in loss, and so if it pullback I close manually when I feel I had gained enough profit for this time, and the process repete itself again.
The problem is I can not backtest this idea so I will not trust these three profitable months that it can hold on in the long run.
  • #27
  • Dec 5, 2020 6:49am Dec 5, 2020 6:49am
Quoting aalaarajy
{quote} What? will you tell me that the historical data from mt4 is not quality data? Is it what you meant about you do not have access to quality data? If it is, and if you mean to backtest using the default mt4 data that will be downloaded from the historycenter, then I have much to learn yet. Because it is these data that I am talking about. I do not have purchased a special historical data or subscribed to a paid service regarding this. So, did I spend all these last months backtesting for nothing, or what? As I have understand it, that these...
Sorry, regarding the EA. It's my fault. I have not checked the maxlot to higher than 0.5 so thought it is the EA's behavior, but it was my misunderstanding.
  • #28
  • Edited 11:33am Dec 5, 2020 10:54am | Edited 11:33am
Quoting aalaarajy
{quote} What? will you tell me that the historical data from mt4 is not quality data? Is it what you meant about you do not have access to quality data? If it is, and if you mean to backtest using the default mt4 data that will be downloaded from the historycenter, then I have much to learn yet. Because it is these data that I am talking about. I do not have purchased a special historical data or subscribed to a paid service regarding this. So, did I spend all these last months backtesting for nothing, or what? As I have understand it, that these...
MT4 historical data is good for a basic EA estimate, but my broker provides almost nothing or some periods with 60% data loading.

Quoting aalaarajy
{quote}
Well, and how does this "forex hero ac" ea that you provided me operate? I see it is different from the usual martingale eas out there. It opens two big "both a buy and sell" trades, then the rest are smaller. Not as I am use to from a normal martingale ea. And it shows good results with small dd.
this EA sometimes has “both a buy and sell trades” in the first trades and with more open trades it closes them in pairs, but that doesn’t change the point.

It's unfortunate, but this free EA will do better results than everyone in the EA market, and that market takes millions every year.
just take a large grid range
  • #29
  • Dec 5, 2020 2:04pm Dec 5, 2020 2:04pm
Quoting aalaarajy
{quote} When I say I need an expert that rely on a specific indicater as it's entry, I meant I just liked to use it's entry as reason to open a trade, but the rest is up to me and my playing around with the settings, so I need it to be dynamic with many editing positilities. Because I have even this "Forex Fury" ea that I talked about how poor it is in different topics, even this I have made it somehow profitable buy opening two charts and let the ea open both buy and sell and then close a profitable trade when it reach two thirds the way where...
some of my final thoughts.
In the market we need edge, advantage, but I strongly believe that it does not exist outside of us.
all indicators, EA ... can help us be better traders, but they don't own an edge for themselves, not one.

successful traders have become that thanks to their vast market knowledge, experience, skills, develop instincts, intuition and we all gain it through hard work and years of practice.

shortcut does not exist.
  • #30
  • Dec 13, 2020 1:55am Dec 13, 2020 1:55am
Quoting Breza
{quote} some of my final thoughts. In the market we need edge, advantage, but I strongly believe that it does not exist outside of us. all indicators, EA ... can help us be better traders, but they don't own an edge for themselves, not one. successful traders have become that thanks to their vast market knowledge, experience, skills, develop instincts, intuition and we all gain it through hard work and years of practice. shortcut does not exist.
Well, I struggle finding an acceptable winning percentage while at the same time having an acceptable dd using the forex hero ac.
But I have noticed another robot from mql5 comunity. It depend on virtual trades. And after a user-defined trade number it begin the real openning of trades. The funny about it, it have not blown the account in many years of backtesting. From 01/01/2019 - 12/12/2020 have more than 250% profit.
From 01/01/2018 - 12/12/2020 have more than 350%
and even from 01/01/2016 - 12/12/2020 have more than 787%
And all of this using the gbpusd with the default settings.
But the starting lot is 0.01 for 1000 and max lot is 0.2 and the timeframe is h1.

https://www.mql5.com/en/code/26140

Now I am thinking about another idea regarding the martingale. What if we instead of holding the positions get rid of them? I mean when they are in loss. When the next trade will set in with double position, the first trade have a stop loss at the same openning price of the next step and so on. Will this not be better? Is there any ea that can perform this so I can play with it?
  • #31
  • Dec 13, 2020 2:42am Dec 13, 2020 2:42am
Quoting aalaarajy
{quote} Well, I struggle finding an acceptable winning percentage while at the same time having an acceptable dd using the forex hero ac. But I have noticed another robot from mql5 comunity. It depend on virtual trades. And after a user-defined trade number it begin the real openning of trades. The funny about it, it have not blown the account in many years of backtesting. From 01/01/2019 - 12/12/2020 have more than 250% profit. From 01/01/2018 - 12/12/2020 have more than 350% and even from 01/01/2016 - 12/12/2020 have more than 787% And all of...
i think many people undermine the risk of martingale.

You can do a simple math. Say you have a strategy of 50% win rate, and if losing 10 trades in a row you will blow your account (the risk of ruin is probably same regardless of account size, as the risk is scaled with acc size = you want to risk/gain more when you have more capital, right?)

So risk of ruin is 0.1%. Now, how likely will you blow your acc? 0.01 lot for >100% growth, I guess every year there are >1000 trades? So the chance of blowing is actually (1- 99.9%^1000 = 63%) the reverse of probablility you can survive the year (99.9% safe for 1000 times)

you should consider yourself lucky if you can survive for 2 years (36.6%^2 = ~10%) in this hypothetical strategy

Trade-and-hold martingale has no predictable risk of ruin, however. Simply because equity and market condition cannot be reproduced across time.
the risk of this is not really a %, its a gamble with time. The rare failure of such strategy can happen in far future, but can also happen tomorrow.
  • #32
  • Dec 13, 2020 6:59am Dec 13, 2020 6:59am
Profits % depend on how deep drawdown you are ready to take - but here you can try. Maybe this is what suits you...

GBPUSD, leverage 1:500, TimeFrame M5, drawdown 144 usd, profit 1267 usd, 11 years backtest results:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_distancer.png Size: 33 KB

Here backtest report:

Attached File(s)
File Type: xlsx GBPUSD_distance_160.xlsx   128 KB | 248 downloads

MT5 EA - strategy tester only:

Attached File(s)
File Type: ex5 Distancer_EA_V01.ex5   67 KB | 326 downloads

Parameters file:
Attached File(s)
File Type: txt gbpusd_distance_160.txt   2 KB | 242 downloads

If you prefer "as many deals as possible"... then here another parameters for GBPUSD:

Attached File(s)
File Type: txt gbpusd_distance_60.txt   2 KB | 232 downloads

This will produce slightly less recovery factor but more than 4k deals...
  • #33
  • Dec 13, 2020 11:19am Dec 13, 2020 11:19am
Quoting tommydoginti
{quote} i think many people undermine the risk of martingale...
everything is known about martingale systems, and SL exists here as well.

the topic is Profitable EA, and the answer is that only such advisors can be profitable.
the second option is your own EA that would work according to your strategy, whose work you understand well and constantly adapt to the market situation.
the third option, especially for the MT platform, does not exist, only a scheme for taking money from beginners.
  • #34
  • Dec 13, 2020 8:19pm Dec 13, 2020 8:19pm
Quoting tommydoginti
{quote} i think many people undermine the risk of martingale. You can do a simple math. Say you have a strategy of 50% win rate, and if losing 10 trades in a row you will blow your account (the risk of ruin is probably same regardless of account size, as the risk is scaled with acc size = you want to risk/gain more when you have more capital, right?) So risk of ruin is 0.1%. Now, how likely will you blow your acc? 0.01 lot for >100% growth, I guess every year there are >1000 trades? So the chance of blowing is actually (1- 99.9%^1000 = 63%) the...
Someone on Youtube showed the actual risk of Martingale.

Inserted Video


Good luck if you are going down this route
  • #35
  • Last Post: Jan 5, 2021 3:04am Jan 5, 2021 3:04am
Ok, since I have so far not got any suggestion to any profitable paid EA, because as you have all said that such an EA doesn't exist, because it's owner (if such exist at all) instead for selling it to us, he can himself profit with it. And there are no needs to let every body know about it. And this is also logicly correct. Because in this market if all used the same strategy no one will loos or win.

Well, what about free EA. Please suggest all the free EA you can think of, and have potential of EAs, like they have many modifications option.
Because I am now thinking about playing with an grid or and martingale EA that will let you choose a level where you set it to search for the breakeven, and if also this fales for you, then you begin to try to find a stop loss that is least as possible.
So it could sounds as follows:
You enter the market in the hope that you have the right direction. If it is, then you take a specific profit and repete the cycle.
If it goes against you, then a grid begin to be created.
So let say you want it from level five of the grid it have to begin to search for the breakeven and no longer search for profits.
The market still against you. Then it have to for every level begin to accept a specific loss percentage. Let say every level 5% loss.
And you keep by that in the hope of that the market have to pullback a little that you can at least go out of the market with a loss, and not completely blown account.

I mean I hope you suggest all the EAs you know so I might found what I search for in these.
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