Quote:
Originally Posted by holyguy7
This EA needs some serious work. I saw that right from the beginning. The thing is, this EA could work great for MONTHS with no problem, but then one DAY . . .
I hope the author is working feverishly to correct these problems as Version 4 has some serious problems.
The author is not being honest either. On his website, the EA's statements still "seems" to be doing just fine when we all know the TRUTH.
I would stay away from the author and any of his EA until the TRUTH is told by him.
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You could stick the freebie '10point3' EA on an account and it would in all likelyhood also run for months, amassing a similar amount - before, as you put it, "
but then one DAY . . ."...
If it was just a minor 'problem' that could be easily corrected then there would be no need to learn to trade in the first place, (imo) 'cos when these type of EA's are 'working', they beat 99% of all manual trader hands-down, simply because they can tirelessly generate pips 24/5. The caveat of course is the 'when they are working' part - nobody can predict the 'black-swan' events that cause these EA's to fail spectacularly!
Take the following EA that is running on a real account that I have been monitoring - it has performed great for months, but the chaotic markets of just the last few days is probably going to result in it getting a margin-call! So if intelligent sentient beings (traders, if that is not an oxymoron!) cannot predict these moves in advance, what are the chances of programming an EA is do so? - imo, nil! The best you can do is try and filter these events out, but in doing so you
seriously reduce your returns, and still have no guarantee that the 'doomsday' scenario won't get through...
ONIX-TRADE.NET
Edit: Damn, I didn't think it would happen that fast! Definitely fcuked-up markets we've got...