A simple EA that actually works- Myth or idiocy?

Here I want to ask if anyone has ever seen,bought,designed or even hear of an EA that makes money.

Please share if you have had some success or been scammed or failed completely.

Let see if there is something that can help us all or if its just complete BS


Please see this thread about market conditions that EA's need to trade through and share you opinion.
http://www.forexfactory.com/showthread.php?t=516973

THIS IS NOT FOR SELLING OR ADVERTISING ANY EA OR SYSTEM OR SITE.WE ARE JUST SHARING INFO AND EVERY PERSON SHOULD THINK ABOUT THERE OWN ACTION AND BE AWARE OF FOREX FACTORY'S POLICIES AS WELL AS THAT TRADING ESPECIALLY WITH EAS ARE VERY RISKY

(powerflowEA)


'This looks pretty damn good if you accept the fact that its risky to trade this way

http://www.forexfactory.com/showthread.php?t=514445

Promised EA

Maybe not so great
http://www.forexfactory.com/showthre...75#post7928375

Anyone seen this before .

From what I understand this guy only traded with an EA

http://www.forexfactory.com/ronald*raygun

Looks really good in demo so far
http://www.forexfactory.com/showthread.php?t=469257

I found some really great contest results and the contest is still on going
https://www.cashbackforex.com/en-us/...0-944cd7921648

Hello Rooi,

I must say I like what you have begun here...very good.

Just to note that EAs which fail to work for some folks have been used by others (maybe slightly tweaked) to achieve great results.

Lets see where this takes us.

Great work.

Regards,

Ty

EA's have potential. I used to use one that doubled my money in a matter of days. And it was on a live account, not backtesting. Real Money. Not a small account either.

Needless to say, the EA stopped working after a few months. Actually, I should correct myself. It didn't "stop working". They just discontinued the service. But don't ask for a name because I will not tell you...

Hi Ty

Thank you for taking the time to respond

You are right , you are right , you are right.

EA's offer a great way to trade bearing in mind there are losses and risk

What is most important with EA's like trading is to understand how the market moves and changes and then how to best adapt to the change and how to take the right amount of risk at the right.

I always think about how many things I take into consideration when trading manually and to program that will impossible yet there are simpler ways to trade especially if trading from the 1hr , 4 hr or Daily chart which have less signals etc but I'm no expert in them yet.

Where there are patterns we must be able to find a simple way to go about it.

Have you ever tried any EA or looked into it.....

Thanks for your time

Rooi

Thanks for your time
.
Rooi

Quite like the idea here
http://www.forexfactory.com/showthread.php?t=462458

worth quoting

http://blog.myfxbook.com/2014/12/11/...s-announced-5/