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

Its an EA I privately use which I won't share or make public I am sorry.


While it's true that smaller time frames look really similar to higher time frames scaling a strategy up or down is not always possible. for example when you take in fundamentals. Another good reason would be you needing to reduce the cost of spread / pip.

Hi All

Forex is NOT all about making quick money. If someone stick only to EA and forget the "game plan", I think it will be the most unsuccessful way of trading. All mechanical systems works purely on what we programmed. To set up a trade it is need to think 3 main factors.
1. Fundamental Analysis
2. Technical Analysis
3. Sentiment Analysis

After analyzing all these steps, it is most advisable to set up a trade. If sticking only to EA,you cannot full fill above three factors.

The next step is to fix the Stop Loss and the Profit target. In this case, still you have to consider above three steps again.

Even you stick to a EA, it it is most advisable to consider your "game plan".
In nut shell, All mechanical systems ( EAs ) cannot consider the factors 1 and 3 discussed above.

This is why most of the EA have failed in long run.

Even though you stick to above three factors, still there will be instances ( for example, Swiss bank intervention, price actions, etc ) you need to change your "game plan"
Therefore always be alert about the market conditions, because it is your "game" and your money you have invested. ore
Therefore "stay tuned" for the market conditions all the time.

Wish you all for Profitable trading ....!!!

i saw that thread but i did not get good result from it.
regards
fred

Why EAs dont work ? or if it works than why ...lets have some discussion on why ?

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

Not possible.
Simple logic.
If an EA is profitable on a live account the EA would own the market.
To counter this the market has it's own defence mechanism; market conditions change and the EA loses.
Finally, in terms of effort Vs reward and Cost Vs benefit; it's not worth it unless you choose the only way to make money with your EA. Sell it on ebay for $ 29.95

Ok..so according to you EA doesn't work ...fine.
Your Why is ...Market condition changes.

So , using that logic if EA finds something in market that never changes , than it can be profitable.
Now question is what it is about the market or its behavior that never changes. ?

Also more opinions on "WHY" are welcome .

There is nothing about the market or its behavior that never changes.
If there was something that never changed, it could be exploited for a profit.
A good example are breakouts. They don't work as well as they use to at least not enough to be profitable like they used to (perhaps 30 years ago)
The essence and nature of the market is that it cannot be exploited for consistent profits.

Your last statement is simply not true...you also know that . Because its self contradictory with your signature below your profile.
Btw that signature is only the half equation .

need to go to sleep right now.

more opinions are welcome on WHY of EA's.

will discuss more later.

Last statement is true.
Consistency is key.
ANYONE can show a profit, it depends on the duration (i.e profitable for 3 weeks and then account crashes in week 4)

You as a trader have an edge on judgemetal (manual) trading. Holy Grail is yourself. You as an individual cannot beat institutions who pours millions of dollars to develop non-judgemental systems. If you can afford time and effort to develop and manage any EA, just learn real trading.