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Suggest me a good EA please..

  • #1
  • First Post: May 19, 2007 1:09pm May 19, 2007 1:09pm
Hi All,

I spent the past months (since my start in fx) to study technicals and manual trading systems. Now I can say that I am able to trade forex manually combining all what I learned altogether.

However, now, i feel the urge to start with EAs. But as you might have noticed, the choice is real hard to make as there are too many EAs out there.

So... please guys... suggest me a goood and profitable ea as per your experience.

Regards
If you are looking for a forex book, ask me!
  • #2
  • May 19, 2007 4:58pm May 19, 2007 4:58pm
Quoting bossxero
Hi All,

I spent the past months (since my start in fx) to study technicals and manual trading systems. Now I can say that I am able to trade forex manually combining all what I learned altogether.

However, now, i feel the urge to start with EAs. But as you might have noticed, the choice is real hard to make as there are too many EAs out there.

So... please guys... suggest me a goood and profitable ea as per your experience.

Regards
This kind of posts are just too darn funny
Stubbornly persistent
  • #3
  • May 19, 2007 6:10pm May 19, 2007 6:10pm
This one is excellent:

http://www.forexfactory.com/showthread.php?t=23087

Quoting bossxero
Hi All,

I spent the past months (since my start in fx) to study technicals and manual trading systems. Now I can say that I am able to trade forex manually combining all what I learned altogether.

However, now, i feel the urge to start with EAs. But as you might have noticed, the choice is real hard to make as there are too many EAs out there.

So... please guys... suggest me a goood and profitable ea as per your experience.

Regards
  • #4
  • May 19, 2007 7:07pm May 19, 2007 7:07pm
you guys are so mean...

Bossxero, what you need is a system, not an EA. Find your system, make sure it works and that it fits you and then we'll be happy to turn it into an EA for you.

If you're really consistently profitable then lucky you, you've already got a system, you're just trading it manually.
  • #5
  • May 20, 2007 2:49am May 20, 2007 2:49am
Quoting aicccia
you guys are so mean...

Bossxero, what you need is a system, not an EA. Find your system, make sure it works and that it fits you and then we'll be happy to turn it into an EA for you.

If you're really consistently profitable then lucky you, you've already got a system, you're just trading it manually.
Thanks aicccia for your kind reply. Indeed some guys here just like to act so smart but ... better i keep my mouth shut on this

So Aicccia, I am not a newbie anymore. I am trading (demo) since past 3-4 months profitably with an average of 100-200 per week on G/U and G/J specifically using a combination of all what I learnt till now. This include ICWR, the BAT, S&R, Camarilla levels, Murray Maths etc. So if I would like to automate this system, it would be nearly IMPOSSIBLE...

My problem is mainly with my timezone because I missed the best sessions as I am at work. This is the reason for me looking for a profitable EA.

So any help of anyone on this will be helpful...

Regards
If you are looking for a forex book, ask me!
  • #6
  • May 20, 2007 3:33am May 20, 2007 3:33am
Im running the Fozzy EA with good results so far.
http://www.forexfactory.com/showthread.php?t=8527

Until I'm able to free up some time for my manual trading this suits me just fine. Not using the default settings though.
Liberate me ex inferis
  • #7
  • May 20, 2007 3:47am May 20, 2007 3:47am
Quoting Ronyn76
Im running the Fozzy EA with good results so far.
http://www.forexfactory.com/showthread.php?t=8527

Until I'm able to free up some time for my manual trading this suits me just fine. Not using the default settings though.
Thanks for the reply buddy,

I will check it asap. I would be delighted to get your unofficial settings though : Please share it here.

Regards
If you are looking for a forex book, ask me!
  • #8
  • May 20, 2007 5:22am May 20, 2007 5:22am
For your own sake, dont search for a EA, they dont work in the long run. Do you truly think that if anyone had a consistently money-making EA he would release it for free on the net?

Invest your time studying about trends and about price action. It's the only way forward. Believe or not, it's up to you.
  • #9
  • May 20, 2007 9:59am May 20, 2007 9:59am
Quoting WTB
For your own sake, dont search for a EA, they dont work in the long run. Do you truly think that if anyone had a consistently money-making EA he would release it for free on the net?

Invest your time studying about trends and about price action. It's the only way forward. Believe or not, it's up to you.

  1. I agree with you that EA does not perform well on the long run. But I dont want an EA to use it permanently, only from time to time when I cant trade manually. Else I am always doing my best to trade manually.
  2. Secondly, I think that there are some people out there who demark them from they rest. I mean they like for others what they like for them. So dont think all people are egoistic and like to keep all for themselves. We can see a proof in this forum itself where some people are sharing their wonderful strategies for free. They could have kept it for themselves like many others are doing. I use to think like this and its simply wrong.
  3. Lastly, my studies of the FX is not ending here because am in search of the EA. My studies remain ongoing and am already quite far from the point where i started 8 months ago

Thanks for adding your views on this thread. Its much appreciated.

Regards

If you are looking for a forex book, ask me!
  • #10
  • May 20, 2007 10:30am May 20, 2007 10:30am
One idea you might explore since you appear to have the beginnings of a system... If you can look at your system and it involves S/R, FIBO levels, and/or Trendlines there is an expert that initiates trades when price interacts with either manually set trendlines (if wanting a horizontal line just draw a TL but flat or zero angle), then depending on what you've named a particular TL the EA will perform a buy/sell limit or a buy/sell stop.

Here is the link to check out the TrendMeLeaveMe expert...you might find it of interest.

: ) Thom
  • #11
  • May 20, 2007 11:40am May 20, 2007 11:40am
Quoting accrete
One idea you might explore since you appear to have the beginnings of a system... If you can look at your system and it involves S/R, FIBO levels, and/or Trendlines there is an expert that initiates trades when price interacts with either manually set trendlines (if wanting a horizontal line just draw a TL but flat or zero angle), then depending on what you've named a particular TL the EA will perform a buy/sell limit or a buy/sell stop.

Here is the link to check out the TrendMeLeaveMe expert...you might find it of interest.

: ) Thom
Thanks Accrete,

I already knew and have this one, its written by waddahattar and i found it on mql4 official forum. Its a good EA I may say, but it works only with trendlines, no other logic with it like fibos etc.

Thanks for your contribution, Regards
If you are looking for a forex book, ask me!
  • #12
  • May 20, 2007 3:12pm May 20, 2007 3:12pm
There is no such thing as a good EA because there is no such thing as a profitable mechanical system. Well, maybe profitable, but the profitt is crap and highly risky and you will be better off just dollar averaging in eg the dow index or sp 500.

Just save your self some time. There isn't anyone who has become rich from trading fx.
  • #13
  • May 20, 2007 8:09pm May 20, 2007 8:09pm
Quoting Nybegynner
There is no such thing as a good EA because there is no such thing as a profitable mechanical system. Well, maybe profitable, but the profitt is crap and highly risky and you will be better off just dollar averaging in eg the dow index or sp 500.

Just save your self some time. There isn't anyone who has become rich from trading fx.
I disagree.
  • #14
  • May 20, 2007 8:41pm May 20, 2007 8:41pm
Quoting Nybegynner
There is no such thing as a good EA because there is no such thing as a profitable mechanical system. Well, maybe profitable, but the profitt is crap and highly risky and you will be better off just dollar averaging in eg the dow index or sp 500.

Just save your self some time. There isn't anyone who has become rich from trading fx.
this belongs in the humor section of the member's lounge
  • #15
  • May 20, 2007 10:41pm May 20, 2007 10:41pm
Quoting Nybegynner
Just save your self some time. There isn't anyone who has become rich from trading fx.
I {along with anyone else who cares to pipe in} beg to differ.

Even though "Rich" is ambiguous, I have managed to maintain so while Trading FX.

I find it to be Very Convenient to be able to Trade no matter what time of day it is ba clicking ma mousse
  • #16
  • May 21, 2007 8:03am May 21, 2007 8:03am
Quoting Nybegynner
Just save your self some time. There isn't anyone who has become rich from trading fx.
Hehe... I think this guy just is not knowing what he is talking about. Its a real funny statement he is doing here.
If you are looking for a forex book, ask me!
  • #17
  • May 21, 2007 8:29am May 21, 2007 8:29am
Who became rich trading forex? Dont feed me the Soros crap, becuase Soros says right out in his book that he never made any money trading fx. Big gains, Big losses he said.

Just face it. People here on this board think they will be able to sustain sveral hundred % gains a year. The fact is that NOONE has ever done it.

Instead of wasting your time here, you should read Benjamin Graham books. If you want to save your self even more time, you can just buy stocks in Birskshire hathaway. They average quite well. And you dont seriously think you are going to outperform Warren Buffett do you?


It is comic to see all these people thinking they can take a mini account to millions. Never happend, and never will.

Grow up dreamers.
  • #18
  • May 21, 2007 10:11am May 21, 2007 10:11am
Quoting Nybegynner
Who became rich trading forex? Dont feed me the Soros crap, becuase Soros says right out in his book that he never made any money trading fx. Big gains, Big losses he said.
Well folks, now that we know the real deal we might as well close our accounts, shut down the forum and go home.
  • #19
  • May 22, 2007 1:52am May 22, 2007 1:52am
Quoting Nybegynner
Who became rich trading forex? Dont feed me the Soros crap, becuase Soros says right out in his book that he never made any money trading fx. Big gains, Big losses he said.

Just face it. People here on this board think they will be able to sustain sveral hundred % gains a year. The fact is that NOONE has ever done it.

Instead of wasting your time here, you should read Benjamin Graham books. If you want to save your self even more time, you can just buy stocks in Birskshire hathaway. They average quite well. And you dont seriously think you are going to outperform Warren Buffett do you?


It is comic to see all these people thinking they can take a mini account to millions. Never happend, and never will.

Grow up dreamers.
Oh great one. Could you please explain why you are forex trader and a member of this forum since its such a utter waste of time?
Please enlighten us with your infinite wisdom....
Liberate me ex inferis
  • #20
  • May 22, 2007 2:17am May 22, 2007 2:17am
Quoting Nybegynner
Who became rich trading forex? Dont feed me the Soros crap, becuase Soros says right out in his book that he never made any money trading fx. Big gains, Big losses he said.

Just face it. People here on this board think they will be able to sustain sveral hundred % gains a year. The fact is that NOONE has ever done it.

Instead of wasting your time here, you should read Benjamin Graham books. If you want to save your self even more time, you can just buy stocks in Birskshire hathaway. They average quite well. And you dont seriously think you are going to outperform Warren Buffett do you?


It is comic to see all these people thinking they can take a mini account to millions. Never happend, and never will.

Grow up dreamers.
Crack kills.
Mr. Trend
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