wth do ppl sell EAs - Page 6

jjk2 · #51 (**permalink**) 01-15-2008, 06:45 AM

i do not think trading system thru metatrader is viable for long run. if you wann get serious, try the more professional platforms and use a proper broker like mbtrading or interactive broker. trading currency futures would make life so much easier.

oilfxpro · #52 (**permalink**) 01-17-2008, 01:36 PM

Hi

Can u notice any fraud or inconsistencies in this statement?

Add deposits/profits = ............................

OILFXPRO

codersguru · #53 (**permalink**) 01-17-2008, 02:08 PM

The formula is very simple!
You have a good EA that makes 20 pips/day
You don't have the money to open a huge account (maybe don't have the money to open mini account).
You sell the EA for this

Good EA + No enough money = EA selling

Quote:

Originally Posted by jjk2

why do these ppl with so called profitable EA selling them? If they are so profitable, why aren't they millionaires with it? Why the hell would I tell you about my system that is so good and profitable?

No one single EA is going to make money forever. This is quite hard. When we buy an EA, theres no guarantee as to how long it will be profitable before crapping out, thus a good incentive for selling it. This is my view. correct me if i am wrong.

Any EA thread with 100+ replies makes me laugh. Such classic illustration of herd mentality.

anyways, just taking a break, want to think about stuff outside for once.

oilfxpro · #54 (**permalink**) 01-18-2008, 08:11 AM

Quote:

Originally Posted by codersguru

The formula is very simple!
You have a good EA that makes 20 pips/day
You don't have the money to open a huge account (maybe don't have the money to open mini account).
You sell the EA for this

Good EA + No enough money = EA selling

Hi

Good EA making 20 pips on any one currency pair daily does not exist on this forum.Only way to make 20 pips is take high risk /high reward ,expose oneself to 10 times risk on 10 different currency pairs ,leading to 40 % to 80 % account drawdown ,hence blowout.

Crappy EA = high risk = sell E A
sell E A = holy grail

oilfxpro

InTrance · #55 (**permalink**) 01-19-2008, 12:00 PM

Hi,

There are a few successful EAs out there being sold or some use them to manage funds. I will not mention any names here.

If you sell your EA or service its the quickest way to get enough capital for your trading.

Most EAs sold are scam but that doesn't mean that there isn't a valid market or that there will never be decent sellers.

oilfxpro · #56 (**permalink**) 01-19-2008, 12:46 PM

Quote:

Originally Posted by InTrance

Hi,

There are a few successful EAs out there being sold or some use them to manage funds. I will not mention any names here.

If you sell your EA or service its the quickest way to get enough capital for your trading.

Most EAs sold are scam but that doesn't mean that there isn't a valid market or that there will never be decent sellers.

Hoi

There are not any consistent EAS being sold out there.All the commercial scammers who spend most of their time posting on message boards ,aren't making a living from trading, but are making a living from selling Expert Advisors which do not make money.

Just google the following words and you will see the top scam expert advisors,being promoted by pump and dump promoters

WORDS "scam expert advisors"

In the future there will be good sellers and developers of expert advisors.

oilfxpro

oilfxpro · #57 (**permalink**) 01-19-2008, 12:55 PM

Here is another user's frank review

Has anyone tried the "DoublePlay v3.5" expert advisor? - Yahoo! Answers

OILFXPRO

oilfxpro · #58 (**permalink**) 01-19-2008, 01:09 PM

Hi

some really succesful sellers

Has anyone tried the "Destiny" forex expert advisor? - Yahoo! Answers

OILFXPRO

ajk · #59 (**permalink**) 01-19-2008, 01:40 PM

I certainly would never pay for an ea. Just modify the ones out there.
if you don't know how ,, take coders guru coarse. The best out there.. then
just jump inuntil you internalize. Take a good existing ea then Learn the get in, get out, and adding in indicators and then the order processing functions.

oilfxpro · #60 (**permalink**) 01-20-2008, 10:20 AM

Quote:

Originally Posted by codersguru

The formula is very simple!
You have a good EA that makes 20 pips/day
You don't have the money to open a huge account (maybe don't have the money to open mini account).
You sell the EA for this

Good EA + No enough money = EA selling

Coders Guru

In effect the buyer is a guinea pig for all trial EAS made by coders.If it is unsuccesful in live trading,Why should the buyer lose money on paying the coder and on the markets?

The seller of the EA should test it on his live real money account , before making guinea pips out of other people.

Most of the commercial sellers are using buyers as guinea pigs for failed Expert advisors ,which all the buyers were promoting as very good,all the commercial ones have failed over the last two years or have not performed better than free expert advisors

OILFXPRO

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