Best Metatrader Robot?

I have been demo trading this work of Don steinitz and it is reliable it scans if the market is trending or ranging. but i put my hope in God to guard and guide me in the trading.[/quote]

Sorry dude this isn't trading.

UT, the chances are that no one individual has trialled enough EAs to give an unbiased view, let alone run them live over enough trades to prove they have an indefinite edge.

Common sense would suggest that most vendor EAs are going to be dodgy at best. As has already been pointed out, anybody with an EA capable of making consistent profit wouldn't be selling it, for obvious reasons.

If what you're seeking is a 50:1 return:risk per trade, I'm afraid that's totally unrealistic. However, it's probably true that there are professional traders out there who make 50% p.a. while risking 1% per trade.

In evaluating any responses, keep in mind that many vendors, and indeed posters on any forum, quote figures and make assumptions, without giving due consideration to the following:

1. They quote return without reference to risk. In general, it's impossible to increase return without increasing risk in some way. Sure, it's possible to make 200% every day for a week, if you're willing to trade several times a day, and place enough of your account at risk. With leverage and luck almost anything is possible, but luck is not sustainable indefinitely.

2. Which brings me to my next point: statistical validity. I would not attempt to run any system (automated or otherwise) that, as an absolute minimum, doesn't have a track record of 1,000 trades, and 5 years, with every year showing profit. I have seen systems that are as much as +5,000 pips one year, and then –6,000 the next. That is frequently the result of over-optimization, or "curve fitting". A good system is based around sound technical principles, rather than precisely fit parameters. As has been pointed out, most vended EAs use optimized indicators, simply because they are easy for a programmer to code; while others work effectively only while certain conditions (trending, ranging, etc) persist.

Regarding automated systems, the following posts might also be relevant:
http://www.forexfactory.com/showthread.php?p=177458
http://www.forexfactory.com/showthread.php?p=1451773
Keep in mind that many EAs being sold use dodgy MM, e.g. Martingale or otherwise inconsistent position sizing, or wide or non-existent SLs. Hence they are tuned to show many wins, and impressive performance....... but given long enough, any deficiency in expectancy will shine through.

David

I'm using MALVER1 and I'm happy with it.

I am using TFOT EA
200% per year with fixed lot, real alpari us