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Sorry i'm not 100% sure what you meant there, but since an EA can trade differently depending on the broker it doesn't mean that the EA will be profitable on one broker and not profitable on another. I have personally seen EA's that are generally profitable be still profitable but in varying degrees dependong on the broker.
One example is the Scalpnet 1.3 EA. It is extremely profitable on the Neuiimex broker but not as much profitable on FXDD or North Finance, this is to do with different broker data. it doesn't mean that one loser on the NF broker pays the Newuimex broker if that's what you meant to say.
kekekeke.....locked and loaded. thanks for support with that statement, thats exactly what i mean. by the way, i think both of us already outdated here in this thread. should we just move on to the 10point3?
If what you say is true, then there is no point in sharing an EA ever. There is no point to this forum at all. We all just better hold on to our indicators and EAs and never share any thoughts, ideas or anything else for that matter because we're giving away our advantage. To some point I agree with you there, but then it brings about a whole slew of other questions doesn't it?
My point exactly. Sharing thoughts and ideas is one thing. Having you do the work for someone else is another. Your point about EA's entering different orders for different brokers is accurate but piontless. Let's say Group 1 trades with broker A and the EA in that group spreads to 100,000 people in a few days, then Group 2 trades with broker B and spreads the same way, you still have tiny groups of people trading the same EA, now the positions though not entered at the same entry points still enter mainly in the same direction. I've tested tons of EA's, they work this way. So now you're back to square one destroying a zero sum game. You have to remember, even if broker numbers don't agree, they're typically only a few points off.
That's my point. Sharing ideas and thoughts are one thing, but EA's are a whole different story. No hard feelings bro, just stating the obvious.
I don't agree with the comments about sharing EA, especially after looking at level 2 data. If everyone keeps the same settings, runs it on the same currency pair, and the signals all agree, then I can see there being some sort of issue.
Brokers interpret the level 2 data in so many different ways to feed as quotes, I don't think there is an issue. Also with known SL/TP numbers visible at the dealing desk, some brokers will cash out trades while others won't by intentionally hitting SL or intentionally missing TP.
Brokers are unlikely to trade something under 5 lots, and if they do it is because their aggregate doesn't cancel out. If that boker has 200 lots BUY EURUSD and 150 lots SELL EURUSD they may want to BUY 50 lots. Hitting SL/TP numbers reduces their risk drastically.
I am liking the idea of manual closing more and more, but it appears you need a datacenter for this to actually be a good idea. Also, some TP/SL should be set 'just in case' but the datacenter will be on 24/7. I'm looking at sharing some OC-48 datacenter space with other people, is anyone interested? (For EA Hosting)
It is foolish to assume that all users of this EA will keep the standard parameters in place. It is human nature to take something that is proven to work and try to make it better. Some will run it on a 4 hour chart, some on a 1 hour chart, still others on a 30 minute chart. Some will optimize it every month or so and tweak the parameters accordingly. My point is that even if 5000 people ran this EA, it would be with different brokers, the positions would be quite varied (some long, some short) and they will be opened and closed at different times. If you're interested in the obvious, then this is it.
I did not analyze anything. I just backtested EA as ex4 file with the settings/timeframe from post #4 (txt file). That's all. I did not optimize the settings.
If EA is profitable in 2006 only but not in 2005, not 2004 and so on - so we can not count it. It is not profitable in this case: market may be changed tomorrow to 2005 year market for example.
I used the settings in text files. But i think it should be different settings and some instruction about "do not trading during the news time" and so on.
No one EA can be profitable "forever".
I think this EA may be very profitable for particular market condition. In particular time may be ... i don't know ...
Last edited by newdigital; 11-18-2006 at 08:59 AM.
newdigital, pls tell me as one of the most serious men in FX MT4 world which I ever seen - did you see source code (.mt4) of EX2 (EuroX2) ?
Art
No, I did not see. I am having everything which other people have. Just the same with everybody.
As I remember somebody was selling this EA. If it is the same EA. But i am not really sure because nobody complained. May be, just the same name of EA. If it is the same so this EA should be "ready to use": just attach to the chart according to the instruction and collect your profit. And it should be some instruction about how to use this EA from the seller. We have thread in commercial section about it.
If it is the same EA so this thread should be deleted (but only author can say about the same or not). If not the same - should be deleted as well: why we are discussing something without source code ...
so does this work?
Linear Mode
