Is there any EA that really works in a live account?

Hello
my followers, I as many of you guys been a while in FF and tried so many EAs ,system, methods and so on, but i could not come to that point saying that ok this one or that may works even a little bit for god seek.
So i just wondering is there any EA can works and makes even any small tiny profit constantly without blowing up the account?
I dont know , maybe somebody has or come cross to something which works well for awhile and tell us here and share with us if possible.

Any suggestions ,thoughts, directions , ideas more than welcome here so we can try ,discuss and have a conversation about.
Regards
Fred

Hi Fred,

Looking for the EA that constantly works and makes profit without blowing up the account is the quest of all of us here.

I don't know since then you have been trying to find it, for me it's several years now, I have not yet found it and for sure I wouldn't share it if I had it in my hands.

It needs a lot of observation, research and perseverance, in short, a lot of work.

My suggestions are: research the market, read everything you can to get trading ideas, learn how to program, it's better to write your own EAs, learn the behavior of a pair you want to trade, develop trading strategies on it, try them again and again until you find the one that works for you and don't give up and be ruined in the process.

BT

Thanks broketrader
for your opinion. Often when we talk about an Idea or strategy that takes us from point A to point B with a profit ,most of us used to think about the magic box....it means something just we can dream about it, or something most likely not possible in our daily calculation.

As most of us know that forex is $ 6 Trillion industry.How come we can not get even a tiny winy portion of it ?
When we say an EA that makes profit, we did not ask about huge income fast ,,,,just as little as any part time job can make it.
So the first and essential feature in that EA would be that one can protect our investment .So it means Minimum risk factor .

When we ask about Minimum risk, it mean automatically low profit and of course low lost.
If im wrong please let me know so i can rethink about it.
Regards
Fred

If you talk about a set and forget EA you will have a hard time creating one of those. I became profitable with my EA trading once I decided to let the scalping and intraday trading aside and created a trend following ea in years of work which scales in and out of the major trends (roughly 2 - 4 trend changes a year) and it is doing pretty nicely in the long run.

I came from a discretionary futures trading background. I noticed for forex, many like to use EA to trade unlike futures.

Do you guys spend more time on programming?

I have never been a fan of EA or copy trading to be honest as i found them too risky

There are certain nuances in trading which I would think its difficult for an average trader to program.

There can be 2 scenarios which have the same "trigger" points ; eg moving average crosses, RSI reach a certain level, fib hit certain % etc- basically setting criteria

but to an experienced discretionary trader he might take a trade in one and not the other one. Because of years of watching the markets, he is able to see the confluences of other factors in one but not the other. I would think this is what make a successful trader different from the rest and it would be really difficult to "code" this into an EA. Ultimately your average trader can more easily see patterns than to code patterns into a program.

Hello, all the proffessional in here. I am a newbie in EA learning. I edited some EA, end up with some problem, which i donno how to solve it.

Please advice.

'chong_martingale.mq4' chong_martingale.mq4 1 1
'}' - unexpected end of program chong_martingale.mq4 857 13
'{' - unbalanced parentheses chong_martingale.mq4 231 1
2 error(s), 0 warning(s) 3 1

Hi vioon. Your post made me smile because I too had problems with a martingale system, but not because of the code! My advice to you is to keep those 'unbalanced parantheses' right where they are... they're potentially saving you a lot of money and grief. So I wouldn't change a thing.

Joking aside, if you want someone to find the MQ4 coding error, you need to upload the MQ4 code as an attachment so it is available to read!

You need to count your parantheses to make sure for every one you opened you need to have a closing parantheses. That is all it means

hi, justuseprice,
how do you mean count my parantheses? i think i should have a closing parantheses..

Please point out my error..

To answer that question, think about the implications. Easy free money for everyone being one. There are some such trades available but they only work because of some fundamental reason and once that reason is gone they stop working. eg. QE's, carry trades. Eg. When QE happens and they say the bank buys this or that - think about the implications of what happens when they really start doing it. And don't wait for it. I was able to time the europe stock market shooting up within a month of it happening - it just became so inevitable that there was no point waiting for the actual QE to begin. When the QE is actually happening, that's the time to start working the trade to get the most out of it. This "working the trade" activity is why US stock market has had such a bull trend. Few people who understood everything I said here bought at the 2008-2009 time and they've managed the positions one way or other. So even though people are selling, the market is going up, the price has nothing to do with whether there has been selling or buying, it has to do with what the "haves" want for it and what the "have nots" are willing to pay. So if the "have nots" aren't willing to pay for the stocks right now, they're going to pay more the next year if they want it and so on (due to expectation of inflation due all the QE's). That's why stocks could go from 2000 to 20000 in straight line and why some stock in China went up 300x and then dropped in a day to 1x etc. The prices can be anything. The market crashes when the "have nots" finally cave in and buy. And this is why it pays to have patience. No different from stop losses being executed - people who can't sustain *infinite* draw downs or prices going to infinity will cave in and exit at loss. Brokers offer margin with knowledge of this and they have set up system to collect your money when you blow up. So to trade with margin, get you credit from elsewhere and make sure your broker does not know about it. And develop your own EA's that you don't share with anyone (because of the risk they share it with some close "have not" friend etc). I could explain in detail why sharing edges and EA is a bad idea but it should be obvious if you think about it enough. The reason there is so much sharing going on is all to do with promotion - those stocks etc that are going from 666 to 6969 or whatever bs number the "haves" want, need a lot of small fish to pay for the trillions of "paper profits" that the "haves" can't actually realize, they just have to wait for the suckers to come. It's called buy low sell high. And low prices are there only once in a decade or two when people are jumping out of windows and business is firing everyone - look at monthly charts. I claim FX has zero difference to stock market in this respect - look for when some politicians or central banks are getting worried about FX prices... when the countrys economy is hurting and something must be done, that's the opportunity (I've been able to time every QE that had large FX impact as it's so obvious).

If you can build an EA to share around such fundamental trades then it might work. The losers on the other side of the trade will be everyone else in the affected country. Just be aware that if 100% of retail traders are in on the right direction before the action, there will be some sort of shake-out that will drop everyone using broker leverage. That's why the pros sell/pawn everything they have and take a loan from wherever they can get except the brokers and such. They need to be able to scale into the position while the losers are selling out and when the broker margin traders are blowing up. If you can do that and your EA can do that and most importantly, the EA also knows how to "work the positions" after you have all that retail money using the EA, .. then it could work.

The final question though is - if all retail is using the EA that plays the game perfectly, who is going to buy? I predict the result here is that all the retail bought the lows with the EA and the pros saw this coming(because they heard such EA exists and is in public) and simply went to business of financial education, brokerage and selling EA's etc. And once that game stops working the pros quit the financial industry entirely. Summary: "have nots" cannot ever win, even if you build them a perfect EA. As everyone cannot be the "haves" the way this capitalist system is built.

You might say the pros already quit the game as they saw their profits going down after the retail money has stayed out since the 2008 crash. I've heard ex. traders say they make more in trading education business than in trading business... Of course that applied to stock market. New retail money came to FX and now the same hedge funds etc that bled stock market dry are here so the game is likely to get harder + you have a bunch of naive people sharing edges on forums that once shared no longer are effective.

The best financial outcome from learning to trade is to learn to develop some EA that does its own margined fx & futures accounting & rollovers using a serious programming language (c++,rust,c#,java,swift(apple)). It doesn't have to be profitable, as long as the code looks good and has nice way of dealing with business rules, finding a well paying job should be easy compared to those people out of school who haven't implemented business rule engines etc.

Yes.

I think there are EA's that work on live accounts and I am finding that out myself, I have an EA running on a live account which I traded manually to a 59% drawdown , now I am trying to restore the account with an EA taking limited risk and its doing quite well you can monitor it from this link

http://www.myfxbook.com/members/Lion...harefx/1184310

The account balance was 175 dollars when I started trading with the EA but now has been restored to about 250 dollars gaining 22% in less than 10 days, I also have it running on a demo account as you can see in one of my trade explorers, it is a trend following EA and I have confidence it will work for the long run as it cuts is losses short and take its profit in a timely manner.

I spent over a year and over $5000 testing about 8 different EAs, at one point I had 40 VPSes with 3x MT5 running on each (demo accounts for testing), each with different configurations based on backtesting optimization results. Some would profit short term on demo, however once you run them on live accounts inevitably there will be days where they get wiped out - either by big market events, the EA glitching out, or your broker not filling/closing the orders correctly.

Alll of them had profit days, some of the demo ones had huge profits but long term they don't seem to work - whether momentum triggered, martingale/grid etc etc all of them failed at some point

Read Killian19 's statement and you get a idea, how an EA can work on the long run.

It's not difficult !

great post.

you do not understand forex. tiny or huge profit is not an issue. If there is high probability for tiny profit, then you can multiply lots. and have huge profit

hello Kilian19
what EA is that? is it free to share or cost us something?
regards
fred

Yupp, a lot of people dont get that. If the price action is relatively the same on all TFs, faster is better since it means more profits in less time. Thats why i trade 15-30 positions a day if i trade all day.