What are the odds?
5 years of trying to create a winning EA . . . 200 EA's created using virtually every indicator in existance and not having any success at any timeframe - What are the odds that at least 1 should have worked? I agree with the first post author - What the heck works in live trading???
Basically we are trying to trade noise or chaos. If you ever looked at a noisy AC line on an oscilloscope, you will see the noise. In forex it is random trading noise. The odds in trading against noise is extremely small. The odds, spreads and rules are biased towards the brokers. They make spread money whether you win or lose. I wish I was a broker with a lot of trading hopefuls - I would be living in the tropics right now with a large yacht and drinking a margarita with a ton of spread money in my company - The investors spread money.
The house (broker) wins, and wins and wins, whether you win or mostly lose. Forex trading is worst than throwing craps or rolling the ball on a roulette wheel. I am about to do what post one is doing - Giving up also. I have had a lot more luck trading options in the past. I am not sure what I will try in the near future.
Dave
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