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Hello guys,
For a few months I've been looking to find the best profit generating EA.
I've found an EA that uses moving averages and generates nice results.
While back testing I've noticed that it only works in certain periods.
My question is, are there Expert advisors (in the Elite section maybe) that manage to generate income all of the time?
Since if the values which I found for my Moving Average EA are only good for a few months it won't allow me to generate income on a live account.
In markets, profit means risk. The more profit you want, the more risk you will have to take. So before starting, ask yourself - how much are you willing to loose?
Martingale EAs produce consistent profits and occasional huge drawdowns. You can use one of these, there are plenty of them around: 10point3, Goblin, Pacman, V1 & V2 and lots of their versions. Take enough capital (3000$ per pair starting with 0.01 lot), set not too agressive settings and you should be fine. Also, avoid trading before news.
Hello guys,
For a few months I've been looking to find the best profit generating EA.
I've found an EA that uses moving averages and generates nice results.
While back testing I've noticed that it only works in certain periods.
My question is, are there Expert advisors (in the Elite section maybe) that manage to generate income all of the time?
Since if the values which I found for my Moving Average EA are only good for a few months it won't allow me to generate income on a live account.
Thanks in advance, Drue.
There are some EAs which manage the profit/loss/equity in pips or deposit currency for single pair or for all the pairs in Metatrader. But there are no EA yet which can manage the other EAs to open the orders in certain market condition.
Hello guys,
For a few months I've been looking to find the best profit generating EA.
I've found an EA that uses moving averages and generates nice results.
While back testing I've noticed that it only works in certain periods.
My question is, are there Expert advisors (in the Elite section maybe) that manage to generate income all of the time?
Since if the values which I found for my Moving Average EA are only good for a few months it won't allow me to generate income on a live account.
There are some EAs which manage the profit/loss/equity in pips or deposit currency for single pair or for all the pairs in Metatrader. But there are no EA yet which can manage the other EAs to open the orders in certain market condition.
Yes, to do that, the EAs would have to be coded specially so that the Managing EA and the order taking EA would work in conjunction.
__________________
"Don't workharder, work smarter." -- my Java professor
There are some EAs which manage the profit/loss/equity in pips or deposit currency for single pair or for all the pairs in Metatrader. But there are no EA yet which can manage the other EAs to open the orders in certain market condition.
no, what you need is the next version of what I am developing, I have a system now that uses templates in a database to determine how to manage and enter trades, I am updating it to allow any indicator and any trade style added, so basically from that point you could be able to add in a template for any of the trading systems available and setup each day how and which one you wish to run.
Currently it has 3 styles, and 5 indicators , since Jan generated 10k pips on demo.
no, what you need is the next version of what I am developing, I have a system now that uses templates in a database to determine how to manage and enter trades, I am updating it to allow any indicator and any trade style added, so basically from that point you could be able to add in a template for any of the trading systems available and setup each day how and which one you wish to run.
Currently it has 3 styles, and 5 indicators , since Jan generated 10k pips on demo.
It was some idea in elite section to create EA Switcher to switch on or off EAs/trading systems according to the market condition. It was started to developed the indicators to estimate this market condition but stopped 2 months ago because of coding of some other EA. Just hope that we will come back to this idea. Because as I see it was almost solved the most difficult problem: estimate the market condition in the morning for example for the current day up to the evening let's say (with some probability of course).
But it is a lot of coding, a lot of text as comments on the chart and in file, working with files, dll and so on. Difficult to start it.
I have read and checked several forum and web sites about automated trade in forex by EA with metatrader...
Actually I did not satisfy about them.
There are several system and EA...
Some is cheap, some is very expensive...
Others has a lot of confusing indicator, charts etc..
I confused more than before
I need very simple and profitable EA for my metatrader...
Just I want to install my EA and wants to earn money...
yes i agree with you.i just want to find profitable EA that have consistent profit(of course safety one) and i don't need holy grail,100% return/month or something like that.it's seems that everone is saying their EA is good.actually which one??
i'm tired read this all thread and never find the good one.please somebody help us.
Quote:
Originally Posted by efendi
Hi everyone..
I have read and checked several forum and web sites about automated trade in forex by EA with metatrader...
Actually I did not satisfy about them.
There are several system and EA...
Some is cheap, some is very expensive...
Others has a lot of confusing indicator, charts etc..
I confused more than before
I need very simple and profitable EA for my metatrader...
Just I want to install my EA and wants to earn money...
The Most Profitable EA
Linear Mode
