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EA Earning 10%?

  • #1
  • First Post: Jun 24, 2011 8:05am Jun 24, 2011 8:05am
Anyone know of an EA which earns 10% monthly?
  • #2
  • Jun 24, 2011 8:22am Jun 24, 2011 8:22am
ive found this 5 days ago

http://www.leotraderpro.com/

they have a live account, 500 usd -

Login: 1331
Password: LTP082010
Server: FinFX-Live

but i dont know...they can fake this? i mean, they said it's an EA that take ordes, however they are sending manual orders..could be that?....
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  • #3
  • Jun 24, 2011 1:30pm Jun 24, 2011 1:30pm
I previously looked at this EA and discarded it.
  • #4
  • Jun 24, 2011 3:33pm Jun 24, 2011 3:33pm
Gimme 2% a month, I'll take it.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #5
  • Jun 25, 2011 5:13pm Jun 25, 2011 5:13pm
Quoting SkyzerFX
Gimme 2% a month, I'll take it.
And it will profit you for 3 months and then burn the account down.
  • #6
  • Jun 26, 2011 1:04am Jun 26, 2011 1:04am
This website managed accounts using his special EA ,
http://www.serialfx.com/en/
its make 10% to 50 % monthly with low risk , you can see real tracking in FXSTAT
http://www.fxstat.com/performances/view/3605

anyone here trying this?
  • #7
  • Jun 26, 2011 8:13am Jun 26, 2011 8:13am
I am sure it 'works' for them but when you buy it, it will be next disappointment.
I used myriads of 'profitable' EAs but they not worked for me and for others. At least what I know.
Logic here. How can you sell a thing for a couple hundred bucks that makes millions in profit? My friend bought EA for discount appr. $3,000 (original $5000)
and as a result he said that not EAs work. He spent a lot of money on EAs.
Another logic. Why do I have to sell a chicken that lays golden eggs?
This is just my 5 cents and my personal opinion.
  • #8
  • Jun 26, 2011 8:25pm Jun 26, 2011 8:25pm
Quoting Expert44
I am sure it 'works' for them but when you buy it, it will be next disappointment.
I used myriads of 'profitable' EAs but they not worked for me and for others. At least what I know.
Logic here. How can you sell a thing for a couple hundred bucks that makes millions in profit? My friend bought EA for discount appr. $3,000 (original $5000)
and as a result he said that not EAs work. He spent a lot of money on EAs.
Another logic. Why do I have to sell a chicken that lays golden eggs?
This is just my 5 cents and my personal opinion.
i guess some ppl just want an easy money...
  • #9
  • Jun 28, 2011 5:00am Jun 28, 2011 5:00am
Quoting sevenjones
Anyone know of an EA which earns 10% monthly?

There are many EA, that will do this for you. Only question for how long...
  • #10
  • Jul 6, 2011 8:13am Jul 6, 2011 8:13am
Quoting sevenjones
Anyone know of an EA which earns 10% monthly?
This EA backtesting from Jan2011 to June2011.
earns ~20% per month.
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  • #11
  • Jul 6, 2011 8:17am Jul 6, 2011 8:17am
I've seen equity curves like that before, they're highly characteristic of Martingale systems. In fact, just look at the size plot underneath the equity curve. You can see plain as day how the size ramps up and drops. Martingale.

They work right up until you blow up.
You are in a maze of twisty little passages, all alike.
  • #12
  • Jul 6, 2011 8:44am Jul 6, 2011 8:44am
If having small account to risk, it is worth to try.
Once it is doubled, you withdraw half and since then
no risk at all.
  • #13
  • Jul 6, 2011 8:53am Jul 6, 2011 8:53am
I agree, and I've thought of doing the same thing myself. Basically the margin call is your stoploss and your balance is your max risk.

Since this is the noob section these problems should be pointed out though, lest someone put their life savings into one of these.
You are in a maze of twisty little passages, all alike.
  • #14
  • Jul 6, 2011 9:48am Jul 6, 2011 9:48am
Quoting stevegee58
I've seen equity curves like that before, they're highly characteristic of Martingale systems. In fact, just look at the size plot underneath the equity curve. You can see plain as day how the size ramps up and drops. Martingale.

They work right up until you blow up.
You're right. It is kind of martingale but I try design it so that death trades are avoided. You just take a normal martingale EA and run it over Jan to Jun market actions, basically normal martingale EA facing the death trade sooner but not this EA.

I hope I found a way how to tame the beast.
  • #15
  • Jul 6, 2011 10:06am Jul 6, 2011 10:06am
Quoting Expert44
If having small account to risk, it is worth to try.
Once it is doubled, you withdraw half and since then
no risk at all.
Yes, you got it.
Idea behind is not to loss money. Every month withdraw 20%.
So with gain of 20% per month, your risk is reduce for every month till you start gaining without further risk.

First month, risk of 100%
2nd month, risk of 80%
3rd month, risk of 60%
4th month, risk of 40%
5th month, risk of 20%
by 6th month, you start earning 20% and let the beast continue..

BTW, all investment is about taking risk.

What make this different from the rest of my other martingale system is I include the money management inside.
Most martingale are aggresively gain and this will face death trades sooner. No point to gain 100% in one month and loss 100% in another month.

Most people are just afraid of martingale because of the death trade.
But I found one behaviour of martingale is it works very fine if you get it goes along the trend. IF your system had high probability in determine the correct trend, you just get the answer how to tame the beast!!
Wish me Good Luck!
  • #16
  • Jul 6, 2011 10:29am Jul 6, 2011 10:29am
EAs are becoming less popular because of scams. If you can make your own EA then fine otherwise commercially available EAs hardly work. Nowadays managed accounts or signal following is becoming popular.
  • #17
  • Jul 6, 2011 11:56am Jul 6, 2011 11:56am
I think Robots are CRAP!!!!!! I ran the gauntlet and spent around 400$ on Robots that I checked and researched about, I picked three of what seemed to be the best ones!

All of them lost money, all the MT4 back test where +500% gains! IMO just learn to trade the right way! All Robots loose! And with people selling signals, some around 197$ I’m not sure what would be the best approach into gaining an edge!
Voodoo Economics.......
  • #18
  • Jul 6, 2011 12:07pm Jul 6, 2011 12:07pm
Quoting akukaya
Yes, you got it.
Idea behind is not to loss money. Every month withdraw 20%.
So with gain of 20% per month, your risk is reduce for every month till you start gaining without further risk.

First month, risk of 100%
2nd month, risk of 80%
3rd month, risk of 60%
4th month, risk of 40%
5th month, risk of 20%
by 6th month, you start earning 20% and let the beast continue..

BTW, all investment is about taking risk.

What make this different from the rest of my other martingale system is I include the money management inside.
Most martingale are...
Good luck!
  • #19
  • Jul 6, 2011 12:53pm Jul 6, 2011 12:53pm
Quoting jcdollar
I think Robots are CRAP!!!!!! I ran the gauntlet and spent around 400$ on Robots that I checked and researched about, I picked three of what seemed to be the best ones!

All of them lost money, all the MT4 back test where +500% gains! IMO just learn to trade the right way! All Robots loose! And with people selling signals, some around 197$ I’m not sure what would be the best approach into gaining an edge!
So the lesson is to either learn to trade or sell EAs.
You are in a maze of twisty little passages, all alike.
  • #20
  • Last Post: Jul 6, 2011 11:12pm Jul 6, 2011 11:12pm
Quoting PipLucky
Agreed; I have probably spent more than $1000 on EA's that were all scams. Which is why I built my own. It works, its not fancy, its not even genus, but it seems to work. Always be careful when spending your money.
Hello, do you share it with others? And how did you build it? I mean, i don't have any programmer skills but have some trading ideas.
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