What's the best ea to use | Forex Factory

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What's the best ea to use

  • #1
  • First Post: Mar 10, 2011 12:39pm Mar 10, 2011 12:39pm
i need advice on the best Forex expert advisor to use on my account
  • #2
  • Mar 10, 2011 1:53pm Mar 10, 2011 1:53pm
Quoting Emmanuel1330
i need advice on the best Forex expert advisor to use on my account
personally I wouldn't trust one as far as I could throw a robot
  • #3
  • Mar 11, 2011 5:04am Mar 11, 2011 5:04am
Quoting Emmanuel1330
i need advice on the best Forex expert advisor to use on my account
To get answer to this question you need provide more information. Broker, account, type, trading goal . . . and so on.

In this way the question is the same as "
What car should I buy?"
You should fall, before you stand up!
  • #4
  • Mar 11, 2011 11:40am Mar 11, 2011 11:40am
If we knew, we wouldn't tell you anyway. We'd be using it.
A good rule to follow is the more people know about an EA and use it, the less likely it is to make any kind of profit.

It's better to just learn how to trade yourself instead of expecting software to make decisions for you. If you don't want to learn to trade on your own, finding a manager to trade for you would be better than throwing money at EAs until you find something that can work for you.
  • #5
  • Mar 12, 2011 7:01am Mar 12, 2011 7:01am
Quoting Emmanuel1330
i need advice on the best Forex expert advisor to use on my account
I may help you with my collection of EA.
But what is your expectation gain?
  • #6
  • Mar 14, 2011 12:05am Mar 14, 2011 12:05am
Quoting akukaya
I may help you with my collection of EA.
But what is your expectation gain?
Hi akukaya, can you share your EA's? i never use them before, i simply based my trading from fundamental and PA.
  • #7
  • Mar 14, 2011 1:34am Mar 14, 2011 1:34am
Quoting akukaya
I may help you with my collection of EA.
But what is your expectation gain?
I am also interested in creating a portfolio of free and paid EA's and would love to hear which ea's you are having success with. My expectations are 3%/month or above per EA with reasonable drawdowns.

cheers,

murray
  • #8
  • Mar 14, 2011 4:00am Mar 14, 2011 4:00am
Quoting akukaya
I may help you with my collection of EA.
But what is your expectation gain?
Good martingale. Cautiously with him. Good luck
Attached File(s)
File Type: ex4 TrendMasterNew - from ZuriusLev.ex4   35 KB | 2,205 downloads
  • #9
  • Mar 14, 2011 4:56am Mar 14, 2011 4:56am
Quoting Emmanuel1330
i need advice on the best Forex Expert advisor to use on my account
Only you can find EA that works for you. It is hard to find working EA It is extremely hard to find one that works for you.

My recommendations:
1. If you are going to buy something, check for refund policy.
2. Check everything, what you can check: how long product on the market. How old is the seller domain.
3. Take a look to ea backtest and forward results.

P.S: good stuff can't be cheap.

Good luck.

Cheer

John
  • #10
  • Mar 14, 2011 5:18am Mar 14, 2011 5:18am
Ok, first of all - there are no good EA, that you can buy/download. Either you create one, or just don't use them at all. It's the same as a car driving itself. C'mon.
  • #11
  • Mar 14, 2011 9:42am Mar 14, 2011 9:42am
First off all why use Robot?
Most EA will lose all your money ,if everyone use ea and everyone will be in profit and no one will work ,so i dont really trust any robot robot cant see what u can see and no ea can think what to do when bad news come,so start reading basics start trying strategy and maybe one day u can be trader

Keep in mind one RULE : NEVER RISK MORE THEN 1-2% per Position
  • #12
  • Mar 14, 2011 5:17pm Mar 14, 2011 5:17pm
Quoting Rader
Ok, first of all - there are no good EA, that you can buy/download. Either you create one, or just don't use them at all. It's the same as a car driving itself. C'mon.

Really?
  • #13
  • Mar 19, 2011 1:21pm Mar 19, 2011 1:21pm
If you insist on using an EA, please remember it is only a helper. EA's need supervision, but when used correctly can make a profit. Some use EA's to watch for trades when they are away, others turn EA's off and on based on market conditions.

If you are new to trading take your time and learn how to trade, get the basics down- figure out what you like or don't like. Read and trade, until you can be successful on your own. This isn't a "buy the cool toy" and make money some websites lead you to believe.
  • #14
  • Mar 26, 2011 3:59am Mar 26, 2011 3:59am
I would suggest you to play manually EA will be doing mistakes, I haven't seen perfect EA so far
  • #15
  • Mar 28, 2011 4:52am Mar 28, 2011 4:52am
Quoting Rader
Ok, first of all - there are no good EA, that you can buy/download. Either you create one, or just don't use them at all. It's the same as a car driving itself. C'mon.
If you think there is no profitable EA - there is no profitable EA.

If you think there is profitable EA - There is profitable EA.

This is my opinion.
  • #16
  • Apr 14, 2011 3:04pm Apr 14, 2011 3:04pm
Quoting fxmoneyz
First off all why use Robot?
Most EA will lose all your money ,if everyone use ea and everyone will be in profit and no one will work ,so i dont really trust any robot robot cant see what u can see and no ea can think what to do when bad news come,so start reading basics start trying strategy and maybe one day u can be trader

Keep in mind one RULE : NEVER RISK MORE THEN 1-2% per Position
I will agree with your opinion... Everybody looking for EA to feel comfortable... That is a big big mistake!!!
They try to find Indicators to tell them what to do... The key is knowlege and clear charts...
  • #17
  • Apr 22, 2011 4:40pm Apr 22, 2011 4:40pm
I think you should choose the ea on the system you know very well. You should know by what principles he open orders. In what situations he is buying? In what situations he is selling? On what strategy he works?
The most important thing for ea - is its optimization.

I can advise to study the method Puria, then set the EA on this method. (There are lots of ea by the method Puria for free) Then learn to optimize it.
  • #18
  • Apr 23, 2011 9:26pm Apr 23, 2011 9:26pm
Hi All!

There are some good EAs in the market. The better ones win money in some market situations. They usually do lead to larger drawdowns. It is important, how to use the EAs:

Use them for the entries 100 %. For the exit I trust them 95 %. The other 5 % I manually interfere. The advantage of the EAs is that they have a system and stricly stick to it. The disadvantage is that they do not listen to news like new tensions in the Arabian region or Credit ratings for some countries. That are the few cases where you need to close some positions manually or hedge the trades of your EA.

For further questions, do not hesitate to email to me.

The Frogscalper
  • #19
  • Apr 27, 2011 12:54am Apr 27, 2011 12:54am
Quoting frogscalper
Hi All!

There are some good EAs in the market. The better ones win money in some market situations. They usually do lead to larger drawdowns. It is important, how to use the EAs:

Use them for the entries 100 %. For the exit I trust them 95 %. The other 5 % I manually interfere. The advantage of the EAs is that they have a system and stricly stick to it. The disadvantage is that they do not listen to news like new tensions in the Arabian region or Credit ratings for some countries. That are the few cases where you need to close some positions manually...
My friend you have a very good understanding of EAs. Feels that your have some experience with them.

John
  • #20
  • Apr 30, 2011 8:15am Apr 30, 2011 8:15am
Quoting JohnFX_King
My friend you have a very good understanding of EAs. Feels that your have some experience with them.

John
Hi John!

I trade with EAs since about 2 years. I have checked a lot of them. Iwould say that more than 95 % are not worth a cent. Very few are really good, some can be used profitable under strict watching.

I use some EAs in combination on one account. With tat I can increase the lot size a bit and reduce the risk of larger draw downs. If one EA works bad in a certain market situation, an other one gains good profits.

If you have any recommendation, I would be gald to read about it. Email to ma, or post tp this discussion thread! I see that you are German, so you also can email to my in German language.

Marcus, the Frogscalper
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