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What's the best ea to use

  • #21
  • May 5, 2011 2:04am May 5, 2011 2:04am
Hey,
I think there are some profitable EA`s, but you have to adapt them periodically to be sucessful over longterm.
Because the market is a changing beast
only my opinion
  • #22
  • May 6, 2011 3:15am May 6, 2011 3:15am
Quoting Emmanuel1330
i need advice on the best Forex expert advisor to use on my account
The best EA is profitable EA. If this question is still actual for you send me a PM.
  • #23
  • May 6, 2011 10:14pm May 6, 2011 10:14pm
The "best ea" is one you can not buy or afford, because they're under lock and key. Anything you find publicly is likely junk, or someone's "beta test".
  • #24
  • May 6, 2011 10:34pm May 6, 2011 10:34pm
From the day I have heard about EAs first, never tried to find any. Its only common sense that if next 20 seconds of the market can not be predicted consistently, no EA will make money for you forever no matter how smart it is.

Besides, I don't really think a Holly Grail is exists. If so, we all would be Richy Rich by now. It doesn't make sense that a robot is taking key decisions of your business while you are partying. Use a robot to do the match for you and take the decision your-self.

I think EAs are only good when you have a trade plan yourself that works and there is an EA that can automate the process (can do just the thing you would do according to your plan). The most important part here is to find/figure a system/trade plan that works for you, then go hunt an EA for it.

Anyway, before investing any real money on them, be careful to have the refund option (though 90% chance you wont get it), and demo it first. And think, would you sell an EA that make money for you consistently? I mean why go through all the trouble to sell it, its making money for you anyway!!
" The fool who never traded Demo "
  • #25
  • May 7, 2011 6:05am May 7, 2011 6:05am
Quoting AmareX
Anyway, before investing any real money on them, be careful to have the refund option (though 90% chance you wont get it), and demo it first. And think, would you sell an EA that make money for you consistently? I mean why go through all the trouble to sell it, its making money for you anyway!!
The last sentence is bothering me the most lately.

Has anyone ever used robot for trading?
RichieEU
  • #26
  • Aug 13, 2013 6:27pm Aug 13, 2013 6:27pm
The best ea to use is not to use any..unless you are a coder and you can program your own EA, would advise you to avoid all EAs - think bubonic plague or better yet, go with "Typhoid mary", you'll get the idea.
  • #27
  • Aug 13, 2013 8:43pm Aug 13, 2013 8:43pm
Quoting Emmanuel1330
i need advice on the best Forex expert advisor to use on my account
I think you may code by yourself. Good ea needs to be adjusted.
I f you just want to get one and make money by that, my suggestion is to learn programming first.
  • #28
  • Aug 14, 2013 4:10am Aug 14, 2013 4:10am
There is no "best EA". It always depends on the market environment.

In the end, you will have to learn about markets and price action first, and then only use EAs to automate things. Unless you truly understand WHY an EA is doing something, you shouldn't be using it...because if you do, you're an (clueless) investor, not a trader.
  • #29
  • Aug 14, 2013 9:26am Aug 14, 2013 9:26am
Quoting Forexnuts
The best ea to use is not to use any..unless you are a coder and you can program your own EA, would advise you to avoid all EAs - think bubonic plague or better yet, go with "Typhoid mary", you'll get the idea.
Hell yeah. Good advice here. It's pointless to search for useless EAs
  • #30
  • Aug 14, 2013 4:40pm Aug 14, 2013 4:40pm
Yeah, it's really sad to see the noobs fall for the "verified back tests" glyph again and again. Folks, only a few ea's make tiny profts and you would have to go out on a wing and a prayer, hope the ea performs consistently to hit break even in a few months..even that's a stretch.
  • #31
  • Aug 14, 2013 6:22pm Aug 14, 2013 6:22pm
Quoting 4exNinja
There is no "best EA". It always depends on the market environment. In the end, you will have to learn about markets and price action first, and then only use EAs to automate things. Unless you truly understand WHY an EA is doing something, you shouldn't be using it...because if you do, you're an (clueless) investor, not a trader.
100% true.

Anyways I would suggest to learn like 50 indicators until you are sure about this:

Doesn't matter at all any of those. Even a simple cross MA system can make money, just know when to use it and when not ( the environment) - and that is coming with hard wasted hours at live trading.

I trade in most cases in a naked chart. Sometimes I use 1x MA to know where is the expected "touch point" for pullbacks. Sometimes with Fibo.

There are a few important news, which has the power sometimes to change a major trend. Try to catch those at first pullback with a reasonable SL and close trading platform for 2-3 weeks! Those are giving much more money than daily in-out. Good luck.
I want to buy PATIENCE
  • #32
  • Aug 27, 2013 2:03pm Aug 27, 2013 2:03pm
I not thinking good EA is real. If you wanting to make the big monies not look for this, learn to trade, no.
I making the BIGmonies, so far +1045 pips. Follow me if you nice guy...
  • #33
  • Aug 28, 2013 1:41am Aug 28, 2013 1:41am
Yup! Manual trading is the only way and rather than depend on codes developed by others, traders are better off with manual trading..
Try reading up on the market, take a few beginner courses (free ones), use demo and later on, after good performance move to small live acc.
  • #34
  • Aug 28, 2013 7:09am Aug 28, 2013 7:09am
How do you guys think about a semi automated system ?
  • #35
  • Aug 28, 2013 4:57pm Aug 28, 2013 4:57pm
Semi automated system? What's that? Can you explain how it would work..or do you mean something along the lines of signal providers?
  • #36
  • Aug 31, 2016 5:12pm Aug 31, 2016 5:12pm
I have yet to find an EA that will continue producing profits in the Long Term.
I haven't come across any.
If anyone knows about a good EA, please let me know.
I am willing to pay for it.
Thanks.
Winning is a Great Feeling!
  • #37
  • Sep 1, 2016 6:37am Sep 1, 2016 6:37am
Quoting josef
{quote} The best EA is profitable EA. If this question is still actual for you send me a PM.
But my question is where to find such profitable EA, perhaps we need to get our own strategy coded in MQL to ensure that the EA we are going to use is more or less trading similar to us.
  • #38
  • Dec 13, 2016 4:07pm Dec 13, 2016 4:07pm
Quoting johnblake
I have yet to find an EA that will continue producing profits in the Long Term. I haven't come across any. If anyone knows about a good EA, please let me know. I am willing to pay for it. Thanks.
Hello Friends,

In my search for a Profitable EA I found one after struggling for so long.
The good news is that anyone can get it for free as a 7 days free trial
from www.Z20Robot.com

This Robot trades the European Breakout at 7.00 am London time.
It places two pending orders at exactly 7:00 am on each pair.
I use it on 5 to 8 pairs a day. The first order is set to get 10 pips
profit and the second order looks for 100 pips profit.

Once I get the 10 pips profit, the stop loss comes down to break even
and the Trailing Stop starts. Very rarely I get the full 100 pips as the
market reverses and hits the trailing stop.

In a nutshell, its a good EA worth trying on a Demo first.
After trying it out on a Demo account for a week, I have now
installed the EA in my Real Live account.

Oh yes, because of the Christmas, they are giving 50% Discount

I shall start posting the Screenshots from the next week.
Good Luck to everyone here.

John.
Winning is a Great Feeling!
  • #39
  • Dec 13, 2016 6:10pm Dec 13, 2016 6:10pm
The best EA to use is the one you never plug into your trading platform .
  • #40
  • Dec 14, 2016 10:21am Dec 14, 2016 10:21am
Quoting magictiger
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.
Totally agree! Besides, not a single experienced trader would rely on a robot trading on his behalf. The majority if not all of experts are set to work and be profitable in a certain frame of market conditions. And when the market evolves and the conditions change, the robots fail… and I mean, they fail badly. Trust me, you don’t want to pay for something that eventually will blow your account in the long term.
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