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BEST EAs

  • Post #1
  • Quote
  • First Post: Feb 6, 2008 7:27pm Feb 6, 2008 7:27pm
Hi everybody,
I'd like to start a new trhead on the best EAs ever
please rate your favourite
ciao
Alex
Fuck Forex Factory
(silence except for sound of crickets chirping)
There are ONLY 2 types of EA's in the world..

1. Those that work, and are not discussed..

2. Those that dont work.
Quoting Ghamm
There are ONLY 2 types of EA's in the world..

1. Those that work, and are not discussed..

2. Those that dont work.
Here is your winning response, bar none. I know it's the winning response because it's how I and others that I talk to regard about our stuff. In other words, we don't talk about them with other people. The thing is, I am competing against you, and a properly thought out automated system is a lethal weapon in this industry and I'm not about to let my competition get their hands on it.
Never underestimate the powers of the Force.
Quoting The Jedi
Here is your winning response, bar none. I know it's the winning response because it's how I and others that I talk to regard about our stuff. In other words, we don't talk about them with other people. The thing is, I am competing against you, and a properly thought out automated system is a lethal weapon in this industry and I'm not about to let my competition get their hands on it.

Prove it!

I dont think there are any good EAs that consistently make money... I think some systems work but the market eventually changes and everything goes to ..... blah
But that being said i dont think i will stop looking... the best thing i ever did was learn to trade the news and these days that seems to be getting harder and harder to do...
  • Post #7
  • Quote
  • Edited 6:29pm Feb 7, 2008 7:31am | Edited 6:29pm
the point is knowing how and when to use them
bye bye
Fuck Forex Factory
Quoting gmax111
Prove it!

I dont think there are any good EAs that consistently make money... I think some systems work but the market eventually changes and everything goes to ..... blah
No need to prove it.. You can think of it as a myth..
Doesnt affect the winning EA.
I used to to wonder if anything existed.. I now know that they are out there..and funny thing is, the best ones seem to be the simple ones..
Ive seen a couple and thought, dang, why didnt I think of that..
Most of the winning ones Ive worked with require a strict NDA.

BUT, with that said, Ive never seen an EA that can run without some monitoring, baby sitting..
Quoting Ghamm
There are ONLY 2 types of EA's in the world..

1. Those that work, and are not discussed..

2. Those that dont work.
So true my friend!
My response has always been.... EAs are based on luck.

Sometime quarters they could do very well.... other quarters lose everything. It is always a gamble, because you don't know how kind the market will be to you before you trade it.
Quoting tdion
My response has always been.... EAs are based on luck.

Sometime quarters they could do very well.... other quarters lose everything. It is always a gamble, because you don't know how kind the market will be to you before you trade it.
I have to chime in here. An EA is only as good as the system it's based on and how well it's programmed. If you have a bad system and bad coding, yes, it's going to be a crapshoot. If you on the other hand take a marvelous system that you know for a fact works well, and then take the time to meticulously codify it so that it works as it should, well then you've just automated yourself. If you know for a fact that you did quite well programming it, but it still comes back deuces, then you might want to rethink the system as a whole.

As for the news trading being the easiest way to make money. No offense, but I think that purely news trading is a cop-out as well. That's why it's become so much harder, because it's starting to reflect the true nature of the news trade as seen and done from the institutional side.

If you think "EA's" or automated trading don't work, then why is the most highly sought after person in a trading firm programmers right now?

Just because you can't do it doesn't mean it can't be done.
Never underestimate the powers of the Force.
if your system is based purely from calculable values and doesn't rely on non-programmable nuances then an ea (or blackbox system) can be the most profitable of all trading methods. Mainly due to the fact the computer can be online and monitoring the entire week. Unfortunately, we as humans need rest. The computer can also base all of its decisions on pure mathematics and not have any emotion when it comes to trading.

The most difficult of all tasks when programming an automated system is getting the computer to FULLY understand the trading method. During my short career in forex trading I have been fortunate enough to align myself with a few really great forex traders. Traders they are, programmers they definitely are not. I just finished a few indicators for these guys and what was painfully obvious to them was not so obvious to me. Their multiple years of experience allows them to quickly look at a chart and make a decision. Getting the computer to understand at the same level of experience takes alot but it can be done.

The problem I have seen, especially with most of the free systems posted on forums is that they are not based on a reliable methodology. They build their "system" run it for a few weeks (or even a few days) have some success and they think they have created the best thing since sliced bread. When you dig into their system you quickly find out it is not based on proven sound analysis. Some of them I just shake my head and hope that the new people or anyone for that matter don't follow the system blindly.

Now, before I get any pm's or anyone asking, NO these indicators that I created are NOT available. Sorry. These were done under contract and they are not releasing them to the public. Funny thing is, I have made more money with the indicators than I did with the contract. LOL! One of the advantages to working with these guys is I get to use the indicators myself. I am currently working on a black box system (an automated version of the indicators I built for them) that integrates with their accounts and it is not MT4 based. Fact is, alot of professional traders work with black box systems. I don't know the percentage but based on the number of people I have spoken with over the last 6 months, the number is quite large. Why are most of these systems not on the market? Just like one of the other posts indicated, they work and work really well. Why on Earth would they want to be bothered with having to explain how it works to a bunch of people with a lottery mentality who aren't willing to take the time or expend the effort to learn how to trade on their own??

Sorry for the rant. We now return you to your regularly scheduled programming.
Quoting magnumfreak

Sorry for the rant. We now return you to your regularly scheduled programming.
Rant excused. LOL, just kidding.
Quoting tdion
My response has always been.... EAs are based on luck.

Sometime quarters they could do very well.... other quarters lose everything. It is always a gamble, because you don't know how kind the market will be to you before you trade it.
Totally depends..
Those that are based on price action, not charts , seem to make it more than not..
Quoting magnumfreak
I don't know the percentage but based on the number of people I have spoken with over the last 6 months, the number is quite large. Why are most of these systems not on the market? Just like one of the other posts indicated, they work and work really well. Why on Earth would they want to be bothered with having to explain how it works to a bunch of people with a lottery mentality who aren't willing to take the time or expend the effort to learn how to trade on their own??
Very very True..

Ive been writing code for just over 16 years.
Forex is rather new to me.. but Ive had a hard time on some of the forums, in that, I see lots of people that DON'T want to invest the time to learn to code, or trade for that matter. I spent over 500 hours on my arbitrage server alone, and many sleepless nights. If you are a developer, you know the personality.. Anyway, Ive always been share and share alike, but not any more.. I now look for mutual relationships, those that have something offer, can give and take. I feel that in the last few months, I am really crossing the bridge. I almost quit forex last summer..
For instance, I now am working with a fabulous trader, that has never done much trading for anyone else. I cut a deal with him to integrate his manual system, into my trade broadcaster, and sell the trades as a service. We will both make good money, and I think his consistant results will benefit the world.

Anyway, bottom line..

1. Good code is sacred code. It has great value. Untold hours are spent to get it to work. Why should anyone throw it out to the masses to be made fun of? (Thats how I feel when someone on the forum says "Prove it")

2. With the forex mentality, some are expecting something for nothing, Free code etc. This is why you NEVER EVER post a good EA. Someone is bound to copy/decompile it and claim it as their own..
Quoting Ghamm
No need to prove it.. You can think of it as a myth..
Doesnt affect the winning EA.
I used to to wonder if anything existed.. I now know that they are out there..and funny thing is, the best ones seem to be the simple ones..
Ive seen a couple and thought, dang, why didnt I think of that..
Most of the winning ones Ive worked with require a strict NDA.

BUT, with that said, Ive never seen an EA that can run without some monitoring, baby sitting..
I agree with your comment that the best ones seem to be the simple ones. I have one that trades based on only a simple trend breakout pattern and I consistently take 30 pip/day profits, provided I don't trade on news days (read: unpredictable directional swing days)

I wouldn't use one unless I could understand it, and I always make sure I apply my own risk management techniques and monitor the system as best I can. Any less would be laying too much risk on the line, and that is why I feel most people have trouble succeeding with EAs... because they think "oooh, set it and forget it!" - NOT true
  • Post #17
  • Quote
  • Edited 10:15pm Feb 9, 2008 9:57pm | Edited 10:15pm
Quoting gmax111
But that being said i dont think i will stop looking...
While you might luck into finding a successful EA that's part of a community development project, The Jedi is spot on when he says, "we don't talk about them with other people. The thing is, I am competing against you, and a properly thought out automated system is a lethal weapon in this industry and I'm not about to let my competition get their hands on it."

The odds are that you're not going to get anything more out of automated trading than you personally put into it - so create your own EA's! You can define your own method and parameters and hire a coder for a minimal fee.

You'll surely fail a few times before you get things right, but this is not Mission Impossible. And once you've put in the effort to develop an EA along with the time and dedication required for forward testing, failure analysis, revising the EA and then more forward testing - the last thing in the world you're going to want to do is hand it out to people who have nothing whatsoever invested in its success.

So stop looking & start creating!
Always amazed that people wont even look under the hood of MT4. Its such a simple scripting language..

Quoting brentmack
While you might luck into f inding a successful EA that's part of a community development project, The Jedi is spot on when he says, "we don't talk about them with other people. The thing is, I am competing against you, and a properly thought out automated system is a lethal weapon in this industry and I'm not about to let my competition get their hands on it."

The odds are that you're not going to get anything more out of automated trading than you personally put into it - so create your own EA's! You can define your own method and parameters and hire a coder for a minimal fee.

You'll surely fail a few times before you get things right, but this is not Mission Impossible. And once you've put in the effort to develop an EA along with the time and dedication required for forward testing, failure analysis, revising the EA and then more forward testing - the last thing in the world you're going to want to do is hand it out to people who have nothing whatsoever invested in its success.

So stop looking & start creating!
I have just the right EA you're looking for. It took me six month to wrote it, starting from learning MQL4, wrote the very first one, and then honing it and keep honing it until it is as perfect as it can be. I literally neglected my wife and two kids all those months, spending every minute I had outside my daily job just to build this. I'm no programmer, you see.

I'll be more than happy to give you my first result. But for the last...or the best one... please consider this:

1. For five months out of the six, I looked at MT4 chart over and over again, comparing every test-trade result from one test to the next. Until it works as closely as I wanted it to.

2. You can't even begin to imagine what I have lost during those six months, related to my relation with my wife and kids (especially my kids).

For the second reason alone, you can collect all the money your family had seven generations up and down, it won't be enough to compensate my loss for this EA. Besides, why would I need your money? All I need to do is just running my EA, and let it run for a couple of years, then I will live like kings.

How do I know this? It's called Money-Management.

So take the first step of a thousand miles journey on your own feet, grasshopper. Then, at the end of it, you can proudly tell the world, "I DID IT!"
Have I sound like a Zen master yet?... LOL
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