I'm Sick of the Crappy EAs that promise high returns | Forex Factory

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I'm Sick of the Crappy EAs that promise high returns

  • #1
  • First Post: Aug 7, 2016 1:20pm Aug 7, 2016 1:20pm
Every once in a while, I get tired of seeing all of these EAs that promise huge profits, but also high risk. So for those of us that wish for comfortable returns that are better than the stock market with conservative risk, I am with you. Anyone interesting in live or backtesting my EAs to see what a low risk, medium return EA can do, here are two of them. Each of them run on M5 chart and either EURUSD or AUDUSD as you can see by the file name. Comments, Questions, ect can be posted below or send me a message on here. EAs will run on Trial until October 1st. If you are interested in running them after that, let me know.

Benefits:
1) Chose your account Risk or pick a hard lot size to trade
2) Will run on most brokers (Tested on FXCM, Forex, and Oanda) with consistent profitable trades
3) Take Profit and Stop Loss always set for All Trades in case your server goes down to limit risk
4) Trailing Stops for All Trades
5) Can be run with higher spreads and slippage than most EAs for those who don't benefit from tighter spreads
6) Trades safely during big news events by monitoring spread and by only opening if a clear signal is given
7) Can trade small or large accounts consistently
8) Fully Automated and Optimized to be low risk by default to preserve account balance rather than blow up account (Most EAs shown on here generally show high DD and risking large portions of the account).
9) I am not hiding behind backtests of my own, I let you test my EAs in a method of your choice.
10) EAs are not Flashy (making tons of fancy displays while it trades), so they use less processor time to execute trades and backtest.

Note: If backtesting, you must have AutoTrading Enabled to execute trades. If Live Testing, both EAs can run on the same account, but Magic Number must be unique for both. EAs will trade on average a couple of times per week only when a clear signal is given.

I am based in the USA and so English is my primary language, if you have a question, I will be able to answer them clearly in English.

Feel free to share both Live and BackTest Results here.
Attached File(s)
File Type: ex4 20160725_BUY_SELL_AUDUSD_Trial.ex4   43 KB | 262 downloads
File Type: ex4 20160803_BUY_SELL_EURUSD_Trial.ex4   45 KB | 301 downloads
See my Profile Website Link to try out one of my EAs
  • #2
  • Aug 7, 2016 2:05pm Aug 7, 2016 2:05pm
I'm all for EA's that promise High Returns and then end up blowing your account hence my curiosity....

However, am I doing something wrong here.....

 

  1. EURUSD
  2. M5
  3. 90% Modelling

Attached Image (click to enlarge)
Click to Enlarge Name: buy_sell_ea.png Size: 67 KB
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  • #3
  • Edited 3:25pm Aug 7, 2016 3:09pm | Edited 3:25pm
Quoting fxinvestfund
I'm all for EA's that promise High Returns and then end up blowing your account hence my curiosity.... However, am I doing something wrong here..... EURUSD M5 90% Modelling {image}
Hi, can you provide me the full details of your report please or at least the last few trades details. Also what Currency is the Account balance and what leverage? My EAs are meant to work with 50:1 at the risk settings I have.
See my Profile Website Link to try out one of my EAs
  • #4
  • Aug 7, 2016 3:58pm Aug 7, 2016 3:58pm
Quoting bestdarngood
{quote} Hi, can you provide me the full details of your report please or at least the last few trades details. Also what Currency is the Account balance and what leverage? My EAs are meant to work with 50:1 at the risk settings I have.
Hi, I have the risk setting as default at 20 and acc balance started at $1000. It started trading with 0.01 lots, which is what I expected, but as you will see from the pic below order #58 opened with lots 0.96 and a SL of 264 pips away from entry. This is the order that killed the account. I've noticed the SL is quite wide - in some instanced more than 400 pips away from entry. Is this normal or maybe it is because I'm using a 4 decimal broker and not a 5 decimal broker? However the TP is in same instances 30 pips, which means if 5 decimal broker it would be 3 pips, which means it is suppose to scalp the market?

I hope the screenshot will help.
Attached Image (click to enlarge)
Click to Enlarge Name: buy_sell_ea_result.png Size: 80 KB
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  • #5
  • Aug 7, 2016 4:11pm Aug 7, 2016 4:11pm
Quoting fxinvestfund
{quote} Hi, I have the risk setting as default at 20 and acc balance started at $1000. It started trading with 0.01 lots, which is what I expected, but as you will see from the pic below order #58 opened with lots 0.96 and a SL of 264 pips away from entry. This is the order that killed the account. I've noticed the SL is quite wide - in some instanced more than 400 pips away from entry. Is this normal or maybe it is because I'm using a 4 decimal broker and not a 5 decimal broker? However the TP is in same instances 30 pips, which means if 5 decimal...
Thank you for the screenshot, it does help. The trade is much too big for the Account Balance. What leverage are you using? 300:1 would be my guess based on the trade size. The leverage is too high for the risk setting. The risk setting needs to be changed to a value of about 4 and then you can retest. The EURUSD SL is much bigger because it takes more drastic jumps and to try to avoid closing out when it takes big jumps, I have a larger SL. The AUDUSD is more profitable and has smaller SL values. When testing, please divide the Risk setting by about a factor of 6 if your leverage is indeed higher 300:1. Here in the USA, the highest leverage we can use is 50:1 which is why it is optimized for that leverage.
See my Profile Website Link to try out one of my EAs
  • #6
  • Aug 7, 2016 5:20pm Aug 7, 2016 5:20pm
Quoting bestdarngood
{quote} Thank you for the screenshot, it does help. The trade is much too big for the Account Balance. What leverage are you using? 300:1 would be my guess based on the trade size. The leverage is too high for the risk setting. The risk setting needs to be changed to a value of about 4 and then you can retest. The EURUSD SL is much bigger because it takes more drastic jumps and to try to avoid closing out when it takes big jumps, I have a larger SL. The AUDUSD is more profitable and has smaller SL values. When testing, please divide the Risk setting...
Yeah, I'm sick of hearing about your crappy EAs as well. Not even a good try.
  • #7
  • Aug 7, 2016 5:50pm Aug 7, 2016 5:50pm
Quoting TheGreatMilenko
{quote}Yeah, I'm sick of hearing about your crappy EAs as well. Not even a good try.
Thank you for your opinion but I make about 5-10% monthly off of my EAs which I don't consider crappy and am willing to share them for others to test unlike those who try to scam everyone. My EAs are years of hard work I have done and are made by an individual trader/programmer and I use them on real accounts. Most EAs being marketed are either only shown with Demo Accounts, Backtests, and/or short Live Real Money periods and then only work on a couple of brokers with very tight spreads and only show returns with high leverage. I don't promise the moon, but if you would like to beat average market returns with lower risk than the EAs with 50-90% DD, then you are like me.

For even lower risk I invest in high yielding dividend stocks.

Before shooting off your mouth, please at least back up your statement with reasons why my EAs are crappy. My EAs are individually tuned to the investor running them. So far, all that use my EAs are USA based so leverage is no higher than 50:1 which is the reason that fxinvestfund had issues when he was using a higher leverage than it is designed for. My EAs are not perfect nor do I pretend them to be, but they are much better than the scam artist EAs out there and most importantly profitable with a good balance of risk/reward.
See my Profile Website Link to try out one of my EAs
  • #8
  • Aug 7, 2016 6:07pm Aug 7, 2016 6:07pm
Quoting bestdarngood
{quote} Thank you for your opinion but I make about 5-10% monthly off of my EAs which I don't consider crappy and am willing to share them for others to test unlike those who try to scam everyone. My EAs are years of hard work I have done and are made by an individual trader/programmer and I use them on real accounts. Most EAs being marketed are either only shown with Demo Accounts, Backtests, and/or short Live Real Money periods and then only work on a couple of brokers with very tight spreads and only show returns with high leverage. I don't promise...
That's just great. With returns of 5-10% a month I can only begin to imagine why you're bothering to post on forex factory. In the commercial section.
  • #9
  • Aug 7, 2016 6:35pm Aug 7, 2016 6:35pm
Quoting TheGreatMilenko
{quote} That's just great. With returns of 5-10% a month I can only begin to imagine why you're bothering to post on forex factory. In the commercial section.
Because when you are a "Commercial User" (They threw that user type on me last time I shared my EA), then you are now allowed to start threads or post in certain forums and this is the only one appropriate for these type of posts according to the admins.
See my Profile Website Link to try out one of my EAs
  • #10
  • Aug 7, 2016 10:54pm Aug 7, 2016 10:54pm
Quoting bestdarngood
{quote} Thank you for the screenshot, it does help. The trade is much too big for the Account Balance. What leverage are you using? 300:1 would be my guess based on the trade size. The leverage is too high for the risk setting. The risk setting needs to be changed to a value of about 4 and then you can retest. The EURUSD SL is much bigger because it takes more drastic jumps and to try to avoid closing out when it takes big jumps, I have a larger SL. The AUDUSD is more profitable and has smaller SL values. When testing, please divide the Risk setting...
Okay, I've made the Risk = 1 in order to see the overall picture as far a risk/reward goes.

Over a 12 month period you've got 10% profit and 8.82% draw down.

Does this sound and look about right?
Attached Image (click to enlarge)
Click to Enlarge Name: buy_sell_ea_result1.png Size: 66 KB
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  • #11
  • Last Post: Aug 8, 2016 2:09am Aug 8, 2016 2:09am
Quoting fxinvestfund
{quote} Okay, I've made the Risk = 1 in order to see the overall picture as far a risk/reward goes. Over a 12 month period you've got 10% profit and 8.82% draw down. Does this sound and look about right? {image}
It is certainly possible to have those results, though generally the return is much higher compared to the DD, very odd to have two close loses like you show. Over a few years, the results should look even better if you would test a bigger time span. Please do the same with AUDUSD EA and post the results as well. It should be better than this EA.
See my Profile Website Link to try out one of my EAs
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