Have you found a profitable EA yet? | Forex Factory

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Have you found a profitable EA yet?

  • #1
  • First Post: Aug 26, 2015 8:04am Aug 26, 2015 8:04am
I have looked at many EAs especially MT4 and not yet found a consistently profitable one. One I found called EA rosey looked brilliant in back testing but lost me half my wedge on the very first trade it did !
Some are so expensive they are not worth risking any money to find out if their claims are true. I have put some possibles from MT4 below.
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  • #2
  • Aug 26, 2015 8:07am Aug 26, 2015 8:07am
The results from Tight Scalper look brilliant but ..................
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  • #3
  • Aug 26, 2015 9:05am Aug 26, 2015 9:05am
Quoting Pat494
I have looked at many EAs especially MT4 and not yet found a consistently profitable one.
Define 'consistently profitable'.
Quote
One I found called EA rosey looked brilliant in back testing but lost me half my wedge on the very first trade it did !
Tunnel-visioning on results alone while not understanding the underlying method of a trading system is pretty dangerous.
  • #4
  • Aug 26, 2015 10:09am Aug 26, 2015 10:09am
The MT4 backtester is not reliable at all. Some of those EAs work for a while but then they just crash and blow your account.
  • #5
  • Aug 27, 2015 3:38am Aug 27, 2015 3:38am
look at the size/lots it entered...looks huge, could be another martingale
  • #6
  • Sep 1, 2015 10:31am Sep 1, 2015 10:31am
The reason EA's do not work, is because they are built by people that do not know how to trade.
Sow the seeds of knowledge, and watch them grow into success.
  • #7
  • Sep 12, 2015 4:43am Sep 12, 2015 4:43am
We have this one.

Like all good EAs I know of, it is not for sale.

We offer money management with it though.
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  • #8
  • Sep 12, 2015 4:44am Sep 12, 2015 4:44am
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  • #9
  • Sep 12, 2015 4:45am Sep 12, 2015 4:45am
Quoting RobTaylor
The reason EA's do not work, is because they are built by people that do not know how to trade.
Not always true.

Many very exceptional traders fully automated their strategies if they are systematic.

They just don't sell them for $99.99 lol

Why would they?
  • #10
  • Sep 12, 2015 10:19am Sep 12, 2015 10:19am
Good point, 5SS!

MT
  • #11
  • Sep 12, 2015 11:10am Sep 12, 2015 11:10am
Let's not give up hope as it seems there really are some consistently profitable EAs and indicators.
The present one I am testing on MT4 has many hits and misses and is only just up a bit from b/e.
  • #12
  • Sep 12, 2015 11:13am Sep 12, 2015 11:13am
Quoting Atokys
{quote} Define 'consistently profitable'. {quote} Tunnel-visioning on results alone while not understanding the underlying method of a trading system is pretty dangerous.
Consistantly profitable I would expect to mean 5+ trades a day and profitable every week.
  • #13
  • Sep 13, 2015 1:32am Sep 13, 2015 1:32am
Quoting 5ssfx
We have this one. Like all good EAs I know of, it is not for sale.
This is soo true. Good EAs are never for sale: only a fool would sell them.
  • #14
  • Sep 15, 2015 10:32am Sep 15, 2015 10:32am
Quoting Pat494
{quote} Consistantly profitable I would expect to mean 5+ trades a day and profitable every week.
Profit every week - no.

You are not going to find this.

You are going to get scammed looking.
  • #15
  • Last Post: Sep 15, 2015 10:42am Sep 15, 2015 10:42am
If you ever decide to look for something a bit more realistic we have this for money management.

We do not trade every day, we do not even trade for a week or more sometimes.

We wait for the prime opportunities and we strike.

We have 75% winning months, average winning month larger than average losing month.

No losing quarters.

I rarely think about weekly, but here is the weekly PL also.
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