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Anyone consistently profitable using Expert Advisors?

  • #21
  • Aug 5, 2013 1:44pm Aug 5, 2013 1:44pm
Currency volume is changing every years, check the gold's weekly chart from 2003 to 2013, you can win with EA but you must know how to trade manually and you have to evolve in certain time period with the market's style of movement.
Money is What Money Does
  • #22
  • Aug 5, 2013 2:26pm Aug 5, 2013 2:26pm
@ bluepanther: Yes, and happens to be the one that introduced me to FX 3 years ago.

I'm well aware of Kangaroo/TulipFX. Don't know all the EAs you've mentioned but some are grids. Be careful with those. They blow sooner or later. You might wanna google 'birt's ea review' (this is THE place to learn everything ea trading related) that is in case you don't know it yet. What my friend learned in there was enough to become profitable using EAs.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #23
  • Aug 5, 2013 4:59pm Aug 5, 2013 4:59pm
Yes, there is at least one successful EA out there. It brought me into Forex back in early 2009. It's commercial, but not expensive. There is much more to tell in this story. If anybody is interested - talk to me.
  • #24
  • Aug 5, 2013 9:30pm Aug 5, 2013 9:30pm
I make good profit constantly on demo and some times in real account too. But Expert Advisors are not reliable for consistent profit in live trading . I purchase paying robot , they give guarantee of 2 to 3 months for profits.
Master Forex ║ bonus up to 75% ║Minimum deposit $1 ║Swap free trading
  • #25
  • Apr 20, 2018 8:52pm Apr 20, 2018 8:52pm
How times change, 4 years later and there's loads of algorithms out there operating successfully, you just don't hear about them and they're most certainly not for sale.
Ardua Ad Astra Per
  • #26
  • Apr 21, 2018 4:27am Apr 21, 2018 4:27am
Since this thread is decades old and someone bumped into this again and the question which Op has asked inspired me to write a reply... to this thread

Anyone consistently profitable using Expert Advisors?

I think the word consistent should be used with a lot of care here specially while talking about any kind of subject which deals with investments.Investing and consistentcy are both contrasting words.

The only thing which most people would find consistent is every thing is inconsistent in this markets.That ofcourse doesnt mean that you cannot make profits.
There are many multiple ways to make money if you can find that Order in chaos.
No one ever Discovered anything new by colouring inside the lines.
  • #27
  • Apr 21, 2018 4:51am Apr 21, 2018 4:51am
interested in this. its hard enough to make money manually let alone automatically
  • #28
  • Apr 21, 2018 5:17am Apr 21, 2018 5:17am
Quoting Hdhorda4
Since this thread is decades old and someone bumped into this again and the question which Op has asked inspired me to write a reply... to this thread Anyone consistently profitable using Expert Advisors? I think the word consistent should be used with a lot of care here specially while talking about any kind of subject which deals with investments.Investing and consistentcy are both contrasting words. The only thing which most people would find consistent is every thing is inconsistent in this markets.That ofcourse doesnt mean that you cannot make...
you will start making profit in this lovely game right after finding an answer for this question

if its profitable why bankers with 30+ years experience still working regularly for 25k+/- a year ? why professors of finances etc.. still teaching in universities for 25k+/- a year ? why big analyzers still working on tv instead of retiring or making their own channels ?

start finding answers, after that you gonna be rich with reality
regards
  • #29
  • Apr 21, 2018 5:19am Apr 21, 2018 5:19am
Short answer - no, it's not working like that.
You rely on technical analysis, which means you put indicators in play.
And, wait for it, you can never 100% rely on indicators.

I've seen it all many times. You have your RSI, stochastic, CCI, ADX or whatever, it says you should go long/short, but it goes massively against you and you lose a lot of money (or burn the account).

You always have to anticipate the worst and make it part of your trading strategy.
  • #30
  • Apr 21, 2018 6:29am Apr 21, 2018 6:29am
Quoting mistakesr
How times change, 4 years later and there's loads of algorithms out there operating successfully, you just don't hear about them and they're most certainly not for sale.
So true, professional traders are very silent with their trading system.
  • #31
  • Apr 21, 2018 7:04am Apr 21, 2018 7:04am
Quoting LuizGuilher
{quote} So true, professional traders are very silent with their trading system.
Can't blame them. Succesfull traders are like ghosts.
  • #32
  • Apr 21, 2018 7:59am Apr 21, 2018 7:59am
For years i have been trading manually and for some reason, i have created my own robot to trade the way i trade and runs it 12/5.
If you have your own edge and be systematic with your trades, you can either,
A. Teach it to someone and pay him to to trade for you using the method you want
B. Create a robot and let it do it for you.
And i went with B after so long trading manually the same method.

All i can say, if you have been trading the same method for years doing the same thing over and over and you know the edge of your trading method, you could easily make your own robot out of it. But first you have to be consistent both in profit making and taking trades before venturing into automatic trading.
  • #33
  • Apr 21, 2018 8:49am Apr 21, 2018 8:49am
Quoting impostor
For years i have been trading manually and for some reason, i have created my own robot to trade the way i trade and runs it 12/5. If you have your own edge and be systematic with your trades, you can either, A. Teach it to someone and pay him to to trade for you using the method you want B. Create a robot and let it do it for you. And i went with B after so long trading manually the same method. All i can say, if you have been trading the same method for years doing the same thing over and over and you know the edge of your trading method, you...
Indeed
  • #34
  • Apr 21, 2018 10:06am Apr 21, 2018 10:06am
Quoting llxx77dd
{quote} you will start making profit in this lovely game right after finding an answer for this question if its profitable why bankers with 30+ years experience still working regularly for 25k+/- a year ? why professors of finances etc.. still teaching in universities for 25k+/- a year ?
Well thats what you said and you answered your own question in the process as i said it all depends on IF YOU can make it profitable

AS FOR me i already know it all.and i am already profitable without using any commercial EA OR using any conventional trading systems.

thanks for your input.
No one ever Discovered anything new by colouring inside the lines.
  • #35
  • Apr 21, 2018 1:49pm Apr 21, 2018 1:49pm
Quoting llxx77dd
{quote} you will start making profit in this lovely game right after finding an answer for this question if its profitable why bankers with 30+ years experience still working regularly for 25k+/- a year ? why professors of finances etc.. still teaching in universities for 25k+/- a year ? why big analyzers still working on tv instead of retiring or making their own channels ? start finding answers, after that you gonna be rich with reality regards
Because they suck and can't do it for themselves with their own money. Either because they can't handle it psychologically, are contractually locked down, or don't really know how.

Let's be honest, if you've been 'trading' at a bank for 30 years and haven't retired or moved on to a hedge fund/started your own yet... You're the crap at the bottom of the barrel.
"The fun is in the hunt. Not the kill."
  • #36
  • Apr 23, 2018 7:46am Apr 23, 2018 7:46am
Quoting Redeflect
{quote} Because they suck and can't do it for themselves with their own money. .
keep dreaming cop cake

cheers
  • #37
  • Apr 23, 2018 7:49am Apr 23, 2018 7:49am
Quoting Hdhorda4
{quote} Well thats what you said and you answered your own question in the process as i said it all depends on IF YOU can make it profitable AS FOR me i already know it all.and i am already profitable without using any commercial EA OR using any conventional trading systems. thanks for your input.



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  • #39
  • Jan 4, 2020 4:07am Jan 4, 2020 4:07am
Probably there are good trading systems, but I do not rely on them too much, because I am used to the fact that I can control everything on my own and it gives me some more confidence in the market. Although some of my acquaintances use something like this by combining robots and trading programs with their own trading, it is usually practiced by those who have a lot of work but want their money to work and bring a lot of income. They say that it is also quite profitable. But I am still confused by the fact that I cannot control the situation personally and cannot influence it if something goes wrong. Maybe my fears are in vain, because even I sometimes have not very profitable days.
  • #40
  • Oct 7, 2024 2:40pm Oct 7, 2024 2:40pm
Can someone help me create an expert for mt5, I will leave you a reference image of what happened in trading view

It is something simple that I need to do, it is that every day at 9:30 AM New York time I open a buy operation, with a risk of 1% to seek 3% profits, example risk 15 pips to seek 45 risking 0.10 lots.

If anyone can cooperate I would appreciate it.

https://www.forexfactory.com/attachm...l?d=1728307648
https://www.forexfactory.com/attachm...l?d=1728307671
https://www.forexfactory.com/attachm...l?d=1728307685
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