Is there an EA that works? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Is there a profitable strategy that works 80% of the time? 25 replies

Is There an Oscillator Indic that Works Well in a Strong Trend? 3 replies

Is there any EA that really works in a live account? 29 replies

Is there any hedging strategy that works in the long run? 26 replies

If it works, it works... 3 replies

Is there an EA that works?

  • #21
  • Sep 21, 2010 10:04am Sep 21, 2010 10:04am
Although I don't feel good about EAs and I prefer trading based on my experience and system I have heared of it.

In the 'The Quants' book it says about PDT (Process Driven Trading) which is (was?) a trading software to automatically place orders and was so profitable.
  • #22
  • Sep 23, 2010 4:37am Sep 23, 2010 4:37am
Quoting Mindsphere
Sevenjones, speaking as someone who's been through a very long journey into the world of forex trading let me say this: Don't bother with EAs. They aren't worth the time or effort. Things that look good even on demo fail in a real-world environment. Think about this: if someone had created a trading bot that made money consistently, do you really think they would share it or sell it? No. They would keep it for themselves.

Secondly, the logic behind all EAs I have ever played with has been simple to say the least. They don't take into account all...
Thank you very much for your constructive input, the links, and your encouragement.

Best wishes to you.
  • #23
  • Nov 1, 2010 1:57am Nov 1, 2010 1:57am
I thought this thread suitable for my question.

Does any know of an EA that will move my stop to X when price gets to Y, ie. not trailing, but just a one-off move.

eg:

when price gets to 0.9880, move stop to 0.9840

thanks
  • #24
  • Sep 26, 2020 10:09am Sep 26, 2020 10:09am
Quoting PeterE
I thought this thread suitable for my question. Does any know of an EA that will move my stop to X when price gets to Y, ie. not trailing, but just a one-off move. eg: when price gets to 0.9880, move stop to 0.9840 thanks
Depends how to define the number Y. Then the relation between Y to X. Then you can definitely move stops

ohh I didn't realise that this was a very old post.
strip things naked
  • #25
  • Sep 27, 2020 1:59am Sep 27, 2020 1:59am
EA always needs to tweak according to market situation. It doesn't work for long as market is constantly changing it's price movement pattern. Also you need to use the EA effectively to get good results.
  • #26
  • Oct 2, 2020 4:23am Oct 2, 2020 4:23am
Just asking that EA was very difficult to find. I see rare EA that has been profitable for more than one years
  • #27
  • Oct 6, 2020 11:48am Oct 6, 2020 11:48am
I also want to know. Is there any EA that helps me to make money from this market?
  • #28
  • Last Post: Oct 7, 2020 9:51am Oct 7, 2020 9:51am
Quoting WillGagnon
I also want to know. Is there any EA that helps me to make money from this market?
The best option would be to try to build a strategy yourself or search online if someone is offering some strategy for free, if you find one, then Backtest it on historic data, then forward test it on a demo account or on a small real account, for atleast 6 months, stick to the entry , stop loss & take profit rules. An EA is nothing but a piece of software program based on some indicators & hardly pays attention to the real world economic events & adjusts itself. It'll be coded in such a way that if A + B happens, enter a buy & if C + D happens enter a sell, & it'll be blindly doing it irrespective of the recent economic changes.
Trading fails when u try to defeat the market
0 traders viewing now