What is a good EA for you? | Forex Factory

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What is a good EA for you?

  • #1
  • First Post: Jul 2, 6:48am (10 hr ago) Jul 2, 6:48am (10 hr ago)
For the people reading this thread (if any ).

- What does make a good EA for you?
- What is the thing that you most value on an EA?
- What makes you trust in an EA?
Indiana Gold #1 Return Today: na
  • #2
  • Jul 2, 8:02am (9 hr ago) Jul 2, 8:02am (9 hr ago)
Quoting frielspak
For the people reading this thread (if any ). - What does make a good EA for you? - What is the thing that you most value on an EA? - What makes you trust in an EA?
EYES
For Gold, NY session offers superior tradability compared to London.
  • #3
  • Jul 2, 8:06am (9 hr ago) Jul 2, 8:06am (9 hr ago)
No EA survives every regime, so you can't trust them.
  • #4
  • Jul 2, 9:20am (7 hr ago) Jul 2, 9:20am (7 hr ago)
Quoting Newtrader025
{quote} EYES
Why you say that?
Indiana Gold #1 Return Today: na
  • #5
  • Jul 2, 9:23am (7 hr ago) Jul 2, 9:23am (7 hr ago)
Quoting Rfastrat
No EA survives every regime, so you can't trust them.
Interesting, so what makes you believe that a human can do it? When the worst thing in trading is the mental part? and a bot don't need to deal with it.

Also an EA can be configured, no EA (atleast proper one) keeps the same settings for the entire lifetime.
Indiana Gold #1 Return Today: na
  • #6
  • Jul 2, 10:23am (6 hr ago) Jul 2, 10:23am (6 hr ago)
Quoting frielspak
{quote} Why you say that?

Because, I trade purely on Price Action, reading the market with my own eyes and understanding.
For Gold, NY session offers superior tradability compared to London.
  • #7
  • Jul 2, 10:57am (6 hr ago) Jul 2, 10:57am (6 hr ago)
Quoting frielspak
{quote} Interesting, so what makes you believe that a human can do it? When the worst thing in trading is the mental part? and a bot don't need to deal with it. Also an EA can be configured, no EA (atleast proper one) keeps the same settings for the entire lifetime.
if you have to adjust your parameters you are just curve fitting.
  • #8
  • Jul 2, 11:08am (6 hr ago) Jul 2, 11:08am (6 hr ago)
Quoting Newtrader025
{quote} Because, I trade purely on Price Action, reading the market with my own eyes and understanding.
Thats a good way to do it, it's how i also did before, but you don't believe that an EA can do the same?
Indiana Gold #1 Return Today: na
  • #9
  • Jul 2, 11:11am (6 hr ago) Jul 2, 11:11am (6 hr ago)
Quoting Rfastrat
{quote} if you have to adjust your parameters you are just curve fitting.
So if you buy a car with summer tiers and you go to snow you can not change to winter tiers?

You telling me that the market can change, but the EA cannot?

So people trading gold in 1970 still trade the same way in 2026?
Indiana Gold #1 Return Today: na
  • #10
  • Jul 2, 1:09pm (4 hr ago) Jul 2, 1:09pm (4 hr ago)
no, I am saying that alpha decays over time. The markets are efficient.
If you paint a black horse with white stripes, it doesn't become a Zebra. Too be honest, you asked for an opinion on what makes a good EA, and my answer is the regime. But take that for what it's worth, nothing, because everyone can have an opinion, and they are essentially worthless. If you make money, just keep doing you.
  • #11
  • Last Post: Jul 2, 3:02pm (2 hr 11 min ago) Jul 2, 3:02pm (2 hr 11 min ago)
Quoting Rfastrat
no, I am saying that alpha decays over time. The markets are efficient. If you paint a black horse with white stripes, it doesn't become a Zebra. Too be honest, you asked for an opinion on what makes a good EA, and my answer is the regime. But take that for what it's worth, nothing, because everyone can have an opinion, and they are essentially worthless. If you make money, just keep doing you.
I am not here trying to fight with you or something similar, i am just trying to understand your point of view, because at the begining you said "No EA survives every regime, so you can't trust them.". I understood it as - trading with EA can't be good because they don't adapt to diferent market regimes.

But now you said, that for you what matters in an EA is it being able to survive on different regimes and for me it makes perfect sense, if you build an EA that cant adapt to market regimes, you will lose money.

Thank for your opinion and participating on the discussion!
Indiana Gold #1 Return Today: na
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