Free or paid EAs making a consistent profit

Hi,
Plenty of MT4 expert advisors but has anyone found one that makes consistant profits ? Either free ( better ) or paid for.

A lot of them are scalpers, which are broker and VPS sensitive. This means, even if they work for someone they might not work for you. However IF they work they are profitable with low risk.

Just read the comments and test for yourself by renting.

MQL5 only put scaping EA's on top because buyers get lured in in hopes of getting rich easily.
This makes MQL5 a lot of money by the 20% commission per sale.
So they don't care if ea works or not, they just want to sell

And we see every time that the buyers suffer a painful loss in the end
Starting from adaptive scalper, tight scalper and many scalpers.

I doubt that users make profit. they do in short term. Maybe about 1 month, then later it is over.
Cycle repeats over and over.
That is why most traders are losers
because they rely and hope that an EA will make them profit in long run.

If you dont have access to state of the art technology, quit using EA's.
They will only make you lose all your years hoping

Just trading manually and take it 1 step at a time.

The only way to profit with EA in the long term is to have your own trading method/system into an EA. Because you and only you know what work for you based on your own style, risk and trading environment.

Can be, but a fully auto ea still wont work in long run. Since EA's cant decide fundamentally
And if it is fully mechanical, it needs regular optimization.

As for Mql5,
It is NOT good to an buy EA, specially scalpers.
I would rather buy MQL5 indicators to improve my manual trading

The only way to have consistent profit with EA is to have the Mathemathics on you side. they are many EA that work if u set the right TP and SL so u can win in the long run the thing is u wil get 10-20 % a year and this is not very apealing to new traders.

There is an EA that I use that has good RR and safe for long term that uses a common strategy amongst top firms which is also known as Pairs Trading. https://www.mql5.com/en/market/produ...ll_description

I am not associated with the developer I just use this EA and know it works well based on one of my accounts growth so far and the system. I agree with teacher though in that MQL has A LOT of crap and any scalper EA will not work. You best just off using a grid because at least you know you not subject to slippage bullshit.

Optimisation is the simplest way to curve fit and kill any chance of success.

Reality is that there are many successful trading methods but only the few have the patience and skill to implement them correctly to a profit scenario.

There is nothing wrong with automated trading but the concept of get rich quick no more exists in an EA than it does a manual method.

the target audience for EAs being marketed is retail and based on volume so get rich quick sells.... so most are complete garbage written by non-traders. Metaquotes would do the world a favour if they took away the back test and optimisation, one does not provide accurate results and the other skews the reality

I,ve been looking at one called Brazil on MT4. It is really good until it hits a martingale snag and loses all the profit so far and some.

Regardless of teacher ( yummy photo ), I think it is only a matter of time before someone hits on the right combinations and PRESTO lots of profits.