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Is there 1 good EA out there ? one that makes regular profit and loose from time to time. There's enought guys out there trying EA's that I'm sure there's 1 of you that has one EA hidden in their back pocket that makes around 500$ a month on a regular basis. I'm not asking for much. I have found some EA that will make regular wins and then crap out after the second week and keep on loosing for months. Is there someone out there that only trade with an EA and not manually and makes decent money ? I think I'm going nuts...
Thanx
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Posts: 146
Quote:
Originally Posted by halfasleep
Is there 1 good EA out there ? one that makes regular profit and loose from time to time. There's enought guys out there trying EA's that I'm sure there's 1 of you that has one EA hidden in their back pocket that makes around 500$ a month on a regular basis. I'm not asking for much. I have found some EA that will make regular wins and then crap out after the second week and keep on loosing for months. Is there someone out there that only trade with an EA and not manually and makes decent money ? I think I'm going nuts...
Thanx
.. i am still forward testing half of these Ea's to find the same thing but i am looking to find one that makes 15 pips a day.
__________________
" If you are not here to live a perfect life, then you are wasting it. "
Ive also spent countless hours testing and evaluating EAs...and Ive come to a certain conclusion.
Market conditions..(trending or ranging) make the difference. I havent found a single EA that works well in ALL market conditons. But, Ive found many EA's that do very well in certain market conditions.
What I do is use a specific EA for a specific market conditon. When the market condition changes. I stop the EA and wait for the market to return to the condition I prefer.
For example, I have a preference for trending markets. I use a group of Indicators to determine the strength of a trend. A simple indicator to use is Donchian Channel. If the market is hugging the channel (up or down)....its in a strong trend. Combine that with T3 and an Audio signal such as HA_Signal-Alert and you will be well informed when the market changes trend. Very often it will go into a Ranging period for a while after a strong trend ends...then will eventually return to a strong trend condition..sometimes in the same direction , sometimes in the opposite. Doesnt matter at all ...as long as its a strong trend condtion.
LOTS of EAs presented here will do very very well in a strong trending market, but will fail in a ranging market. So, the obvious solution, is to NOT USE them in a ranging market at all.
Be patient...wait for the market to meet your standards. I look at 7 pairs and dont find it that difficult to find suitable market conditions. Set your standards HIGH for entry...meaning...the market must meet a high standard to be acceptable. Strongly trending..is my standard.
I also only use the higher time frames..cuz they are more stable and predictable. The D1 tends to hold its trend for days..even weeks in some cases. When this happens...you can make excellent profits...my trading strategy , the EA I prefer..is able to double a $10,000 account in a single trend cycle. No joke, no exaggeration. I didnt pay for it. Its freely available here. But I did spend 1000s of hours testing and finding what works best for me (and that particular EA)...Im a very conservative trader. I dont like lower time frames...but I expect high profits.
Dont despair. Everything you need to be a successful trader is offerd here. But...expecting someone to spoon feed you what took them thousands of hours to discover...is a bit unreasonable. Ive given you many many hints ...but thats as far as Im going to go.
Ive also spent countless hours testing and evaluating EAs...and Ive come to a certain conclusion.
Market conditions..(trending or ranging) make the difference. I havent found a single EA that works well in ALL market conditons. But, Ive found many EA's that do very well in certain market conditions.
What I do is use a specific EA for a specific market conditon. When the market condition changes. I stop the EA and wait for the market to return to the condition I prefer.
For example, I have a preference for trending markets. I use a group of Indicators to determine the strength of a trend. A simple indicator to use is Donchian Channel. If the market is hugging the channel (up or down)....its in a strong trend. Combine that with T3 and an Audio signal such as HA_Signal-Alert and you will be well informed when the market changes trend. Very often it will go into a Ranging period for a while after a strong trend ends...then will eventually return to a strong trend condition..sometimes in the same direction , sometimes in the opposite. Doesnt matter at all ...as long as its a strong trend condtion.
LOTS of EAs presented here will do very very well in a strong trending market, but will fail in a ranging market. So, the obvious solution, is to NOT USE them in a ranging market at all.
Be patient...wait for the market to meet your standards. I look at 7 pairs and dont find it that difficult to find suitable market conditions. Set your standards HIGH for entry...meaning...the market must meet a high standard to be acceptable. Strongly trending..is my standard.
I also only use the higher time frames..cuz they are more stable and predictable. The D1 tends to hold its trend for days..even weeks in some cases. When this happens...you can make excellent profits...my trading strategy , the EA I prefer..is able to double a $10,000 account in a single trend cycle. No joke, no exaggeration. I didnt pay for it. Its freely available here. But I did spend 1000s of hours testing and finding what works best for me (and that particular EA)...Im a very conservative trader. I dont like lower time frames...but I expect high profits.
Dont despair. Everything you need to be a successful trader is offerd here. But...expecting someone to spoon feed you what took them thousands of hours to discover...is a bit unreasonable. Ive given you many many hints ...but thats as far as Im going to go.
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