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What is considered a great EA? :)
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Member Since Jan 25, 2010 27 posts
BluePanther
Jan 27 2010 at 04:37
Donnalife: True. I agree 100%
 Why would anyone want to share a very profitable EA? Ok, maybe some people are VERY charitable (give a man a fish - feed him for a day, or teach a man to fish - feed him for life)biz0101: Thanks! I like the look of your system (AnyTime), except that it is demo! 
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Member Since Jan 05, 2010 92 posts
PipCollector
Jan 27 2010 at 09:40
There must be some percentage of traders selling real and working EA's, however they are very few and it will not cost you $39.99.
You better go with a managed account with profit sharing basis with the trader, since then you know you have the same interests as the trader. Patience is a virtue. |
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Member Since Jan 05, 2010 92 posts
PipCollector
Jan 27 2010 at 12:29
(edited Jan 27 2010 at 12:31 )
With EA sellers, they do not care for the performance of their EA, since all they need is a good back-test result to make a pitch. When you have a managed account, the trader doesn't make any money if you don't, so you can be sure he will put in all of his effort to make it work.
Also, if an EA works, the creator can make much more money by finding investors rather then selling copies for a couple of bucks. Patience is a virtue. |
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Member Since Aug 20, 2009 32 posts
eravo12
Mar 03 2010 at 02:38
1. What % per month should it be averaging? To be reasonnable, I think 8% per month is a good performance and if you will make this run during 5 years you will be happy :-) The second point is more your account grow up and less you performance grow up : it's look like correlation sizing account ...
2. How long should it be forward tested? It's good to make a forward test to see what's happen in a specific period. In fact, I use forward test to see what's happen when the EA runs in the wrong way of the market. 3. Do you think back tested results are important? Yes and not. I prefer to watch the EA run in a demo account and react when it's the hell with a negative floating. 4. What other factors should we look at before buying an EA? Before to buy an EA it's important to know your trading style. Almost of the EA not represent your trading style, so it's always delicat. 5. Are most commercial EAs hyped? All the commercial EAs are hyped... Almost of the people buy a dream and live with a nightmare :-) 6. Are you personally doing well using an EA? Yes, with my own EA but in a live account the story is never the same as a demo account. Trading is statistical and emotional game :-) |
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Member Since Mar 05, 2010 6 posts
Lucas Luize (lucasluizi)
Mar 11 2010 at 12:23
A great EA :
first- the EA must HAVE really low drawndow , both absolute and relative. Than your margin is safe. Second - Strategy must have at least 85% of accuracy on everybacktest from 2007 til today. Third- Consistet profits. not 100% a month , not 1% a month , not 1000% month. Consistent profits means that your final equitity curve fits your NEEDS . ( personally i got 4 EA's and each one makes 10 to 20% /month , but when one goes wrong the others go good , and the balance still great ) Fourth- Phases - > Phase 1 Backtest , best results , than demo forward test , best broker/bank results , than live account , with low money and low risk , working good = At least 3 months of success before you make , if necessary , other changes. Things That you HAVE TO DODGE! --> EA's that equitity and liquid curve are not the same. what? yes it means that the EA manage the position by holding. and thats NOT a good thing. HOPE its not a good thing in forex, you need to be sure(99%) if you are wrong , get over it go to another, thats a good EA TALKING. My opinion : A good investment never rely on just one , Bank/broker , EA's/Strategy or Currency , All of those 3 are all risks that can be manage by fiding at least 2 of them with good Numbers. And mixing all together you can have good returns , enough to live if you already have money ( yes forex is for big guys ) , and if you dont you MUST be more patience to win some with time. Well thats it for now. Best Regards. ! The Zurich Axioms by Max Gunther ! |
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Member Since Sep 10, 2009 90 posts
profijet
Mar 23 2010 at 14:38
Does anyone has experience with this EA? http://secretsfromtheheart.com/trumpeter_info.htm
I didn´t find a review anywhere. This could be a good EA. Any users of this EA here? |
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Member Since Oct 27, 2009 29 posts
Bill (BillP)
Mar 23 2010 at 15:27
Your right, results look great...but cant find a review anywhere in the entire internet.....Maybe that is a good thing?
I sent an email asking for more info....we will wait and see at this point....But to me sometimes no reviews could be good. Your only as good as your current trade |
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Member Since Sep 04, 2009 801 posts
pc8multifx (pc8multifx)
Mar 24 2010 at 04:40
Be careful, regards the trade statement a martingale strategy is involved...
https://cp.commercialnetworkservices.net/aff.php?aff=623 |
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Member Since Mar 05, 2010 6 posts
Lucas Luize (lucasluizi)
Mar 24 2010 at 13:18
Martingale is a double-edge weapon...
Agressive traders , may try... i prefer not! ! The Zurich Axioms by Max Gunther ! |
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Member Since Sep 04, 2009 801 posts
pc8multifx (pc8multifx)
Mar 24 2010 at 13:25
Its the other way around. If u very experienced and not aggressive, than its a great(and safe) trading style as u may see on my long time performances...
https://cp.commercialnetworkservices.net/aff.php?aff=623 |
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