Quote:
Originally Posted by sjerar
I think your programmer is pulling you with the ears.
No EA takes 2500 hours to programm.
The longest EA I ever saw was 4 pages.
A handy programmer needs max. 2 hours per page.
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I have never believed in EA's. I always believed in manual trading. However, I came across a few good EA's recently. Some for free some paid. After studying them, I started to see that there are potential in EA's. However, this does not mean that one cannot trade them manually, they can be.
As for the selling of EA's, after 7 years of experience in trading, yes, there are people who make money in selling EA's than in forex. They just are not confident enough in their EA. Many EA's make profit, but at some point they lose much. They even collapse, especially for those martingale, non SL EA's.
If you want to identify a good EA, you have to look for the following:
1. It SHOULD use SL.
2. Risk to Reward ration should be less than 1
3. Hit ratio should be above 50%
4. It should work in backtests, on at least the 4 major currency pairs without any tweaking or special parameters for every pair (And this is very important).
Regards
Yanni
Welcome to My Fx Report - Live Forex Trading
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.... for once it would be nice , if people admit when they are wrong.
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