Searching for profitable EA | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Searching for the profitable Channel 4 replies

Searching for Ross hook/TTE indicator 14 replies

Searching for "Step RSI Indicator" 6 replies

Searching metatrader programmer/trader for cooperation 1 reply

Searching for speedy MT4 brokers 9 replies

Attachments: Searching for profitable EA
Exit Attachments

Searching for profitable EA

  • #81
  • Jan 2, 2014 10:52am Jan 2, 2014 10:52am
How do you edit posts, or is that not allow on this forum? I wanted to clean up my previous two posts, but there is no edit button. This JPG shows my spreadsheet better than what shows above.

Is it the concensus that EA's don't work in the long run? Is the EA I'm running just a fluke and will tank eventually?
Attached Image
  • #82
  • Apr 21, 2014 1:26am Apr 21, 2014 1:26am
So, I believe that the people that say "an EA can't be profitable" are wrong. Statistically that just doesn't make sense, and I simply doubt "they" have tested EVERY single EA out there. With the advent of HF trading (HFT) always being run by advance algorithms it is OBVIOUS that EA's can be profitable.

EA's can be profitable if run under the right conditions/time/instrument/etc... I would imagine it would be difficult to develop an EA that is profitable under all conditions and times and currency pairs (difficult, probably not impossible given the INFINITE number of ways to trade this market, impossible is improbable).

Fb6_si, what EA are you running? What times do you run it and on what currency pairs? If that EA is run by more people at more times on more currency pairs, then we can develop a MUCH more objective rating of this EA and even come up with "guidelines" or rules on how to trade with the EA to ensure profitability over a period of time.

Thanks.
  • #83
  • Apr 21, 2014 9:37am Apr 21, 2014 9:37am
Jaymocha, I'm not the script writer of the EA, but I do know it's based on Sar threshold trading. I don't know all the details of the built script. I'm part of a group that has helped the script writer test in demo and live over the years. We've all contributed to suggested changes and have fine tuned those settings over the years. We currently don't have a restriction on when to trade, but we have analyzed data over the years and have noticed that some of our longer trades were done at lower volume levels. We've noticed that when we traded at a good volume period, our trade length was no longer than 90 min, with most avg between 15-45 min. We've had some longer trades that we would like to avoid getting into. We are currently looking into testing a change with only trading at certain volume levels and time frame restrictions.

As I said in the other post, we probably have 8-10 live accounts running and have done well against 3 currencies (EURUSD, EURJPY and GBPJPY). We continue to test other currencies with smaller live accounts and demo accounts. But for now, we run those 3 in our main live accounts. I'm not at liberty to bring others in as it's not my code writing as I was brought into the group. Wish it was that simple to share with a forum and share that info, but that's probably not exactly what a group of people that have worked years in making would want.
  • #84
  • Apr 21, 2014 8:36pm Apr 21, 2014 8:36pm
EAs run on third party scrips and unless the trader has the knowhow to tweak the EA, it is not a question of if but when it will fail. Of course you have t traders who swear by their EAs, fair enough. If the EA is as good as some of the posters in this thread claim that it is, they should post all the info regarding that EA, the name, specs, other info so that we can check it out. As it is, all we have to go on are our past experiences..
Try setting up a poll, and you'll soon see that most professional traders prefer manual over EA anytime..
  • #85
  • Apr 21, 2014 9:58pm Apr 21, 2014 9:58pm
EA'S are most certainly profitable. It all boils down to the person who created the EA. Say for example you have an EA which can keep your "Pip-Drawdown" low and you don't experience say more then 4 consecutive losses then it should be very very accurate. Which in turn will result in a trader being able to take higher risk ,and scalping for small profits. I for one have coded my own ea and this week is my first week of testing live. So far it has worked out well (250% profit this week alone) but of course one expects it to be consistent. The reality is the market can throw many wrinkles which will cause the EA to fail, but if one has accounted for all of the wrinkles then the losses should remain at or below avg.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #86
  • Apr 23, 2014 1:11am Apr 23, 2014 1:11am
Quoting ScalpLikeMe
EA'S are most certainly profitable. It all boils down to the person who created the EA. Say for example you have an EA which can keep your "Pip-Drawdown" low and you don't experience say more then 4 consecutive losses then it should be very very accurate. Which in turn will result in a ...The reality is the market can throw many wrinkles which will cause the EA to fail, but if one has accounted for all of the wrinkles then the losses should remain at or below avg.
Personally, as a trader I would love it if an ea works all the time. Granted each or nearly every EA works on one strategy or the other, but as you have pointed out, the issue is in predicting the so called wrinkles and tweaking the ea ahead of this..
  • #87
  • May 2, 2014 9:55am May 2, 2014 9:55am
Quoting Forexnuts
EAs run on third party scrips and unless the trader has the knowhow to tweak the EA, it is not a question of if but when it will fail. Of course you have t traders who swear by their EAs, fair enough. If the EA is as good as some of the posters in this thread claim that it is, they should post all the info regarding that EA, the name, specs, other info so that we can check it out. As it is, all we have to go on are our past experiences.. Try setting up a poll, and you'll soon see that most professional traders prefer manual over EA anytime..
Wise words, I totally agree
  • #88
  • May 2, 2014 3:58pm May 2, 2014 3:58pm
Quoting Fb6_si
How do you edit posts, or is that not allow on this forum? I wanted to clean up my previous two posts, but there is no edit button. This JPG shows my spreadsheet better than what shows above. Is it the concensus that EA's don't work in the long run? Is the EA I'm running just a fluke and will tank eventually? {image}
You should be a gazillionaire in no time - LOL.

I think EA's can work in bigger timeframes in the traditional sense...if you trade under 1 hour, your EA better have some smooth MM cause it ainot easy.
  • #89
  • May 2, 2014 4:16pm May 2, 2014 4:16pm
Quoting Forexnuts
EAs run on third party scrips and unless the trader has the knowhow to tweak the EA, it is not a question of if but when it will fail. Of course you have t traders who swear by their EAs, fair enough. If the EA is as good as some of the posters in this thread claim that it is, they should post all the info regarding that EA, the name, specs, other info so that we can check it out. As it is, all we have to go on are our past experiences.. Try setting up a poll, and you'll soon see that most professional traders prefer manual over EA anytime..
.... knowing how hard I worked to make ea's profitable...and not just fluffy for a week/3 months etc... which I have seen more times than I care to imagine ; why on earth would I post something I thought of to you or anyone else to prove you something? Go ahead - all ea's fail in your world. I am glad you think that way. More for me.
  • #90
  • May 2, 2014 6:31pm May 2, 2014 6:31pm
Quoting 4XWeezal
{quote} You should be a gazillionaire in no time - LOL. I think EA's can work in bigger timeframes in the traditional sense...if you trade under 1 hour, your EA better have some smooth MM cause it ainot easy.
haha, cool, I can't wait. Honestly, it's just a hobby for me. I'm not greedy or impatient in putting larger sums of money into my account, I'll just work with the small equity I started with in 2013.

Yeah, the current EA I'm running live is a 1 hour timeframe. I guess only time will tell if what I'm running will succeed or fail, no one can really answer that question I asked. I only have live data to show what it's done for the past 428 days.
  • #91
  • May 2, 2014 8:34pm May 2, 2014 8:34pm
Quoting Fb6_si
{quote} haha, cool, I can't wait. Honestly, it's just a hobby for me. I'm not greedy or impatient in putting larger sums of money into my account, I'll just work with the small equity I started with in 2013. Yeah, the current EA I'm running live is a 1 hour timeframe. I guess only time will tell if what I'm running will succeed or fail, no one can really answer that question I asked. I only have live data to show what it's done for the past 428 days.
Good for you on your success..The fx market can be a tough gig...1 year is always a good base. I had an ea a few years back that made 1500 pips for roughly 6 months and went live with cash..I did well for 6 months and then I had to switch brokers as they were getting me on high frequency trading charges .....and then for some reason I couldn't get the same market with the new vendor. It was like they were holding my orders or something.....Hopefully your live and you don't have to fight that battle.
  • #92
  • May 3, 2014 7:13am May 3, 2014 7:13am
Yes,those 428 days are live (check my profile as I have 2 live accts in trade explorer). Interesting you mention other banks as I am running demo on other banks and my EA does act differently between banks. I wanted to see if my EA runs good if I ever had to switch. I'm fine tuning the EA to run close to what I've done live with my current bank. My demos have been similarly successful, but they have traded differently.
  • #93
  • May 4, 2014 9:05am May 4, 2014 9:05am
Quoting Fb6_si
Yes,those 428 days are live (check my profile as I have 2 live accts in trade explorer). Interesting you mention other banks as I am running demo on other banks and my EA does act differently between banks. I wanted to see if my EA runs good if I ever had to switch. I'm fine tuning the EA to run close to what I've done live with my current bank. My demos have been similarly successful, but they have traded differently.
Yes, they will trade much much differently. Getting filled as well as when will change substantially. So be careful - without saying. The strategy employed should be able to work in 2-3 brokers. Fxdd, Fxcm etc... I had an ea where I just killed a few years back but they were barred from US trading along with the money changer (got out before it was in the news!) so I had to move all my cash..... ...when I did the comparison after the move - totally not the same fill times or market spots. Reality bites.....so don't be surprised if it fails - not to be a debby downer but that's how this stuff works.
  • #94
  • May 5, 2014 2:20pm May 5, 2014 2:20pm
Quoting N.ekoj
{quote} Wise words, I totally agree
Lol, I know..still keep going back to years past and the quick and easy EAs..of course, the quick and easy part was in my blowing out my account..
  • #95
  • May 5, 2014 2:27pm May 5, 2014 2:27pm
Quoting 4XWeezal
{quote} .... knowing how hard I worked to make ea's profitable...and not just fluffy for a week/3 months etc... which I have seen more times than I care to imagine ; why on earth would I post something I thought of to you or anyone else to prove you something? Go ahead - all ea's fail in your world. I am glad you think that way. More for me.
For one, my comments are not meant to be personal, I do speak from experience..given how most ea's do fail after a short while and while I may not have checked out your script personally, the probability that it would fail after a short while is quite high. Let me put it this way, you can roll a dice, make a guess as to which side comes up, work out the probability and place your bets. But if the dice is a wonky one, you're screwed. The point being, that with ea's, it is like playing with a loaded dice.
For another, why dont you offer your EA for free? Or list some specs? so we can check it out..but you would find that most traders, professional traders at least, would not bother with an EA. Yes, some EA's may work, provided they are the real deal and do last longer than the two or three month window. But these are a rarity and the PITA of looking for such an EA and sorting through all the junk that's out there is just not worth the heartburn..
Again, my comments are not meant to be personal..sorry if you think so..
  • #96
  • Edited 8:45pm May 7, 2014 8:33pm | Edited 8:45pm
Quoting Forexnuts
{quote} For one, my comments are not meant to be personal, I do speak from experience..given how most ea's do fail after a short while and while I may not have checked out your script personally, the probability that it would fail after a short while is quite high. Let me put it this way, you can roll a dice, make a guess as to which side comes up, work out the probability and place your bets. But if the dice is a wonky one, you're screwed. The point being, that with ea's, it is like playing with a loaded dice. For another, why dont you offer your...
I would 100% agree the market is a roll of the dice unless your a fundamental trader and have a good idea when the market moves. (I don't claim to) .... I only got into this post because I have nothing better to do and FB6 was looking for an opinion. Honestly, I think his ea is likely to fail but I don't know his account size and I don't know what type of draw down was required or if its martingale - single strategy, how many exits employed, how many wins or whatever.....
However, I want to encourage people to look at ea's as they are fun. I have been working since 2005 on ea's and to say its easy.. NO....Regular trading is much easier and you can see the market. I guess I like ea's as I don't want to sit at a computer and strategize with Elliot wave or some BS fib's that turn into flat patterns every other wave....Also, how many pro traders in FX are out there. And I don't mean people selling books, systems, ea's or working for companies taking the spread...I doubt there are more than 1 out of a 100 or a 1000 - if that. Unless you have a big bank roll and take the edges- its tough - and we all don't start out with a 100k to spread around on the table. Not to say there isn't but I usually smell something when these guys talk. they aren't on this thread or site so its all baloney. .... So, I am not a prof trader but I love doing this, it beats gambling and is my fix. Most of my cash is in a etf 401k like everyone else...This is play money to get crazy with and try to hit big!!! .. I also think your missing some points with ea's... first being ..... think about all the things you can put into an ea that you don't see on these boards!!!! hundreds of ideas... na--no one wants to discuss those - --- we all just wanna get out the wallet with the programming garbage that is dumped out on these boards. Martingales - reverse trades, the GBP open, the new York fade, the ema crosses, the sonic wave, the systems that last a week, the guy that's convinced with CCI or macd or ...the list is endless. the bla bla bla - LOL..oh, I am convinced those will work!! too funny.
  • #97
  • May 8, 2014 12:37pm May 8, 2014 12:37pm
Quoting 4XWeezal
{quote} I would 100% agree the market is a roll of the dice unless your a fundamental trader and have a good idea when the market moves. (I don't claim to) .... I only got into this post because I have nothing better to do and FB6 was looking for an opinion. Honestly, I think his ea is likely to fail but I don't know his account size and I don't know what type of draw down was required or if its martingale - single strategy, how many exits employed.......sonic wave, the systems that last a week, the guy that's convinced with CCI or macd or ...the...
LOL, I know exactly what you mean, and the sales pitch is even getting more ridiculous by the minute..sheesh. Either way, would suggest only manual trading for newbies and EAs for more experienced traders should they want to chk it out..
  • #98
  • May 6, 2015 9:48pm May 6, 2015 9:48pm
Would like some suggestions on EA from the forum.

I put a fixed TP/SL say 10TP,10SL, and EA returned a smooth downward equity curve. Loss rate is 70%, Win rate 30%.
Logically if I reverse the trade direction, I should get 70% Win, 30% Loss since its on a 1:1 fixed TP/SL model.
I tweaked the code. Basically I kept the signal logic. I only reverse the buy and sell trade execution with the same TP/SL. It still resulted with the same downward equity curve.

I checked the history. the time of opening trade is exactly the same in original and tweaked versions and the trade directions are exactly opposite.. I figured maybe due to spread. I changed TP/SL in tweaked version to 8/12. Still no difference.

Can anyone suggest where I have overlooked?
  • #99
  • Mar 22, 2016 8:10am Mar 22, 2016 8:10am
Guys,

Can you suggest some good robots with successful performance please ... I am really interested in finding out one which is successful and worth to use it. Do you think there is a profitable robot for a long-term period ?
  • #100
  • Mar 22, 2016 11:08am Mar 22, 2016 11:08am
Quoting Jaymocha
So, I believe that the people that say "an EA can't be profitable" are wrong. Statistically that just doesn't make sense, and I simply doubt "they" have tested EVERY single EA out there. With the advent of HF trading (HFT) always being run by advance algorithms it is OBVIOUS that EA's can be profitable. EA's can be profitable if run under the right conditions/time/instrument/etc... I would imagine it would be difficult to develop an EA that is profitable under all conditions and times and currency pairs (difficult, probably not impossible given...
For last years the rules for HFT traders toughened and their profits fell substantially (just forgot the link on the article where this was discussed). As we are talking there about non HFT EA's (retail brokerages won't let you use EA's with their slow platforms) we need to run tests before trying anything to live. When buying EA check the consistency of profit and not their size.
0 traders viewing now