EA Suggestions?

I am very new to the foreign exchange market, and have messed around with a few EA's but I have found nothing that turns a nice profit in the long run, or even short term for that matter. Can anyone suggest a profitable EA, I am not looking for any promotional material, just an EA someone has provided on this forum that works well.

Any help would be greatly appreciated thank you much.

I too am new to all this and looking for new ideas. What is an
EA?

Thanks!

Nobody will sell a profitable EA, why should they?
Your best bet is to start learning how such things work and doing it yourself, there is no free lunch I'm afraid. The MQL site has tons of good information and tutorials.

Well I hate to say it, I did not listen to your advice. I bough a trader today, I am gonna keep the name disclosed because I don't want to give off the impression that I am promoting anything, but it looks somewhat promising, based off of some feedback I have located. I will keep everyone posted.

Hmmm...

I am sure that a good "EA" is a valuable as dragon's teeth and that no-one would ever sell you one. But I would still love to know what the abbreviation stands for.....

Thankx.

Hi Codebreaker,

maybe you have been told by now, but EA stands for: "Expert Advisor", that's how the "trading robot" in MetaTrader is called.

As you said (in another thread?), you do not want to spend money on a trading platform, I suggest you have a look at MetaTrader as it is a free-to-use product.

Regards!

Max

P.S. Does "Codebreaker" have anything to do with Bletchley Park?

Hi Max

Thanks for that. I had worked out what EA was eventually but was unaware that MT was free-to-use! That is very interesting. I might try to use it although the mq language looks like a steep learning curve....

I can write in more than a dozen programming languages but I learned most of them a while ago. Old dogs and new tricks syndrome.

And, yes, in a former life I read "other gentlemen's mail" for a living. Bletchley definitely has something to do with it.....

Hi Codebreaker,

if you know any other programming languages, MQL4 will be manageable. It does however have its idiosyncrasies.

As I like your contributions to this forum sofar and agree with your insights, I am glad to offer you a helping hand to get into MQL4.
Maybe we could even collaborate on an MQL4-Project ("learning by doing"-style) and I could learn some of the DSP stuff you wrote about.

If you're interested, please contact me at: [email protected].

Regards,

Max