What is most effective Expert Adviser for MT4? | Forex Factory

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What is most effective Expert Adviser for MT4?

  • #1
  • First Post: Jul 23, 2007 8:28pm Jul 23, 2007 8:28pm
Did anyone traded any Expert Adviser for MT4 and found it very profitable? Share with us your results
  • #2
  • Jul 24, 2007 6:23am Jul 24, 2007 6:23am
nice to be my reply is the first reply for you


i finally found that this EA is very very very profitable


Pair: eurousd

timeframe:any

and dont forget to ghange the
TP to 20
and lots to .10


sourour
Attached File(s)
File Type: mq4 bless_FiFtHeLeMeNt_1[1].0.6.mq4   8 KB | 908 downloads
  • #3
  • Jul 27, 2007 4:33am Jul 27, 2007 4:33am
Hi,
Thanks for the free EA. But when testing with Strategy tester it did not trade. I adjusted the Lot and TP accordingly.
Can you help me as i really to try this.
When the wave comes - jump !!
  • #4
  • Jul 27, 2007 5:25am Jul 27, 2007 5:25am
it works but equity drawdown can be huge. You can blow up your account. It uses martingale strategy.
  • #5
  • Last Post: Jul 27, 2007 5:45am Jul 27, 2007 5:45am
You can read all about this EA in another forum that's oriented toward EA development.

Basically, it uses a martingale technique which is going to produce profits until the day it takes them all away - very rapidly.

Also, in order to avoid disaster, you'll be tempted to trade tiny lots - worth 10 cents a pip.

This isn't worth your time. It's not an answer to your trading goals. And not too long ago the creator of the EA came to the same conclusion.

Only fools are going to fool around with this thing. You've been warned.
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