"3. The Trainwreck. No Stoploss. An ea seems to have wonderful records but has no stoploss. But hey, it has this witty mechanism to exit the market or this 99.9% profitable trade record. It does not matter. It is only a matter of time before the market kills that witty mechanism or gives you that 0.1% of loosing trades towards your margin call. Trust me it will happen, sooner or later, it will. Sorry, but your better off in a train with brakes. You ain't buying it !"

Oh yeah, one could always use a separate EA (like the CloseALL P/L EA) to manage loss in conjunction with those EAs that don't use stop losses. I'm finding that combing these loss/profit management EAs with other EAs is a promising combination.