Does anyone here make money consistently from an EA?

I'm talking about professional traders here who know what they're doing. No nonsense like martingale etc... But more like a strategy that provides a genuine edge that has been logically applied to build an EA to take over.

I know this thread title may seem stupid. I just want to open up my mind to new opportunities, because I have always had the mindset that an EA cannot be successful over the long-term and that human discretion is paramount to long-term success... but what if this logic can be coded into an EA...?

Yes but the EA is only a tool. I use in conjunction with a rule based system.

The reality is the EA will only do what the human programs it to do. Simply thinking about the "long term" will lead you to a dark road of losing, as one should never have an expectations in life. Especially of making money. Yet, EA's fail most of the time because they aren't programmed to last in "every market condition". You need to program an EA which can survive even the end of the world when the brokers widen spreads, and send the price bouncing up and down 500 pips per second. In order to program those types of EA's you would have to read forums like these for many many weeks in order to fund the traps the market can set up. Once you have identified them, then just read my signature, you may even want to write it on your wall. It has most certainly changed my trading.

Cheers

If EA fails then it's either your system fails and/or your EA isn't well coded and on both sides you are the blamed one. If you have a powerful system & a well coded EA then you can convert your PC/VPS into automated money making machine . I don't think you can blame EA for causing you a loss or missing a chance because at the end you are the one who wrote it and you could have missed to add logic for a special market condition . Just my 2C