Free profitable expert advisor

here is an expert advisor, set 'cap' at your starting capital 'valprofit' to your target profit in dollars. for other settings you can adjust everything

capital 2300 for example here 1 minute improved version

It's indeed a martingale based system.
Nothing wrong with the system, as long as it is used on correct pair and good money management.
I am using a martingale system for almost 10 years with no problem, the DD is big, but it's still under manageable balance.

Before one starts to use it, need to do back / forward testing to verify its accuracy.

Most problem comes from robot that work mechanically, so knowing how the system work will be beneficial to predict its performance.
Good system must have good entry strategy and if possible, it has the ability to detect trend and liquidity in the market before it makes decision to open a position.

you can use it as your wich, if you want it as as a pure martinguale you can but you can set it as a non martinguale if you want, and take a look at this improved version
my advice is to calculate the risks for for example 0.8% profit per day (after 2 am ET to valprofit 0.8% using 1 to 4 pairs of currencies) to reach 10% to 15% profit per month.

UseReverseOrder1 ---> false
Distance4 ---> 777
freeLots--->true

target 13% 1000$ cap 1 minute ----> optimise your own settings for your targets

Just an opinion for this EA. Base on the back testing chart, it obviously shows a compounding effect. It's not a recommended way to evaluate an EA.
I wont bother to try it if the provider doesn't provide EA's stats. Providing EA's stats is kind of a trap for provider who like to cover a fake EA.

Let say they provide EA's stats, you can download the EA and run back test to compare them. You will easily spot something fishy or fake.
Next thing to do is, if everything is good, you need to run the EA on a demo account for a few months, then you back-test again the EA using the same period. The result on both have to be the same, at least 90%. This is the correct way to verify an EA.

Abundance EAs in the market generate fake result to deceive potential customer to buy them. The best way is look for their live signals and try the EA before you buy.

here is a modified one, try and adjust it , try it in demo account first, here +4% equity target, cap 1000$ tf 1 min

Final last, 1000$ cap, 1 min tf, +5% target
adjust it as you want but already optimised

set file

Multiplier ---> 1
Multiplier2 ---> 1

fixlot
trailimg
15
10
10
breakeven
30
25

Final and last, good bye

First he says he found a free expert adviser then he says,
"If you have any further suggestions or questions, please feel free to let me know. I am committed to improving the robot and creating a positive experience for all interested parties." This sure sounds like its his expert advisor if he's committed to improving it. Not sure how he would "improve" it since you only get the ex4.

I have not been on the forum in a very long time, some things never change on here.

Synical

It falls too much, it's risky. Its drawdown is large. Its drawdown should always be low, stable.


1 year backtest, start-up capital $500 , 0.03 lot
xauusd M5, drawdown 5%

spread: 8, commission: $4,5

So what´s the deal with this EA? you´re selling something? renting? or just bragging?

I was just curious about what others think. This would be great on a live account. There's no lag or slippage in backtesting. The results here are great. It's different on a live account. I'm currently working on reducing slippage. Despite having a VPS, there's still a lot of significant slippage. The EA is fundamentally very good. Its logic is solid. It outperforms even the most expensive and popular EAs. With higher spreads and extra commissions, the other "top" EAs all crash, but mine still performs well. I'll soon test it on a live account. It performs well on an IC Markets raw demo account. But I think there are bigger slippages and lags on a live account.