What is your view on EA, do you think they works? Would you share your success & failing story on using EA.
Do you buy commercial EA or you code your own, do you face any difficulty and need help?
[Summary of this thread on my own EA experience]
You need to know coding, meta query language (mql)
Expert Advisor( Auto Trading Bot ) code base on your own logic, indicator, like when you got a system you trade manually and having consistent return, there are certainly certain criteria that make your entry, which can be write into codes and the bot will be acting like you. Just that the bot is still a string of codes which will follow your logic no matter what the market fundamental news comes out.
Recommend System
- Grid System (Inspire from prof tah position building of scout)
- Downside : Large Capital Needed
- Upside : Consistent Profit
Case 1 - Some Simple Math
Assuming UJ now is at 97.00
You have $30000, you set 20 max trade, each $1500 , you set lot size 0.2 - each 750 pip gap
You allocate $1500 per trade, UJ will only blow that trade if it hit 89.50 ( which at now the lowest was about 93-94 recently)
Assuming this 89.50 doesn't hit, the daily intake of such system base on my EA can fetch approx 30-100 pips ($60-$200) DAILY or maybe more if its in your direction.
But consider risking $30000 for $200 a day, which if your system can't even last 10 days, your drawdown is $28000.
Of course HUMAN with $30000 will not be happy with $1 per pip (for many of us) , we tend to over play, big entry, big trade size, and blow off.
But EA can do the job for you without your emotion intacts.
To get rich, you have to try to do out of the box, and work out of your comfort zone.
I post here today because its saturday and i am free - no market !!
Coding an EA is hard. just like the video above, but the time to invest in is worth it.
Do you buy commercial EA or you code your own, do you face any difficulty and need help?
[Summary of this thread on my own EA experience]
You need to know coding, meta query language (mql)
Expert Advisor( Auto Trading Bot ) code base on your own logic, indicator, like when you got a system you trade manually and having consistent return, there are certainly certain criteria that make your entry, which can be write into codes and the bot will be acting like you. Just that the bot is still a string of codes which will follow your logic no matter what the market fundamental news comes out.
Recommend System
- Grid System (Inspire from prof tah position building of scout)
- Downside : Large Capital Needed
- Upside : Consistent Profit
Case 1 - Some Simple Math
Assuming UJ now is at 97.00
You have $30000, you set 20 max trade, each $1500 , you set lot size 0.2 - each 750 pip gap
You allocate $1500 per trade, UJ will only blow that trade if it hit 89.50 ( which at now the lowest was about 93-94 recently)
Assuming this 89.50 doesn't hit, the daily intake of such system base on my EA can fetch approx 30-100 pips ($60-$200) DAILY or maybe more if its in your direction.
But consider risking $30000 for $200 a day, which if your system can't even last 10 days, your drawdown is $28000.
Of course HUMAN with $30000 will not be happy with $1 per pip (for many of us) , we tend to over play, big entry, big trade size, and blow off.
But EA can do the job for you without your emotion intacts.
To get rich, you have to try to do out of the box, and work out of your comfort zone.
I post here today because its saturday and i am free - no market !!
Inserted Video
Coding an EA is hard. just like the video above, but the time to invest in is worth it.
Trading is something special.
