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Old 04-13-2007, 08:44 AM
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Read before you sell your EAs

I saw many trying to sell their so called profitable EAs based on backtesting results, some even with only 50% modelling quality...I have to say the following...Pls read before you ever consider sell your EAs.
1. Run the EA for 3 months on a mini a/c and if you can get profit every month consistently, you may sell. Backtesting is very good to improve your EAs, optimized the settings, but NOT a proof that your EA will generate the same result in real trading. I have EAs, and made EAs that make 100+% gain every month with 90% modelling for 3 months, so what? doesn't mean you'll get the same result in real trading.
2. Do not post ex4 files 'coz they can be decompiled. If you want the professionals here to test your EA and help you improve your EA, post mq4 files. It's easy to give a few bucks and get any ex4 files decompiled. EuroX2, RobinhoodEa sold for 999 all can be decompiled with just a few bucks. We have the mq4 now. and NO magic codes, making loss rather than profits.
3. If you want to sell your EA that yields good results on real trading for 3 months, sell it at least a grand or more. 'coz it worths the money. Or better, sell the signals the EA generates. Do not post ex4 for the above reason. If you want others to try your EA, post mq4.
4. I believe what Aleccoh says about EAs here first 200 pips on me , the rest , we will share, they most fail, they only work if they can adapt to changing market movements and change their settings accordingly automatically. So the best EAs now are those semi-automated, we manually feed the EA with latest market info.

Just my 2 cents.
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