What is your criteria of a profitable EA?

Aug 11, 2010 at 23:48
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12 Replies
Membro Desde Jul 20, 2010   7 postagens
Aug 11, 2010 at 23:48
Hi all, share your thoughts here on the criteria of a profitable EA. Do you used DD, PF or profit trades (%) ?
pip2cash
forex_trader_8139
Membro Desde Mar 04, 2010   423 postagens
Aug 12, 2010 at 03:58
profit low or high does not matter too much. Most important is able to generate profit every month over long term. For normal trading day, DD must below 10%, if some eco crisis suddenly happen then the EA should have DD of max 50%.

This is what i can accept as good and profitable EA.

SIM
Membro Desde Apr 18, 2017   920 postagens
Mar 14, 2018 at 12:09
Unfortunately, I have never seen any profitable EA for a long run; I see all of pro traders trade manually.
uplinktrading
forex_trader_432070
Membro Desde May 23, 2017   40 postagens
Mar 14, 2018 at 13:58
Whatever you test for, please use 99.9% Modelling Quality. I've seen a lot of guys praising an EA but when you look at the results they are testing with 25% Modelling Quality or worse.
Membro Desde Aug 27, 2017   994 postagens
Mar 21, 2018 at 10:44
AniLorak posted:
Unfortunately, I have never seen any profitable EA for a long run; I see all of pro traders trade manually.

Yes, the ratio is very low; but I know a good trader with trading EA’s! Basically, he is a EA developer.
Membro Desde Mar 21, 2018   13 postagens
Mar 21, 2018 at 10:49
even with great backttest you still need to forward test
challenger
forex_trader_202857
Membro Desde Aug 07, 2014   129 postagens
Mar 21, 2018 at 11:51
stability is the first and most important fact for an acceptable EA.
Risk reward: its must be 1:1.2 at least for each position ( if lot sizes calculation is whole account: lot size * 700Pips on EURUSD)
backtest is just a key for start forward test. no more, never trust any Backtests.
it Must use Multi Close to Close all open positions in a specific risk level , to secure funds from market tick shadows and High frequencies.
nasrul_poyo
forex_trader_458816
Membro Desde Sep 11, 2017   124 postagens
Mar 22, 2018 at 08:58
I prefer to look on drawdown only.
Membro Desde Mar 07, 2018   13 postagens
Mar 23, 2018 at 13:07
drawdown is very important. A lot of traders hide bad results by keeping trades open in a big drawdown
nasrul_poyo
forex_trader_458816
Membro Desde Sep 11, 2017   124 postagens
Mar 27, 2018 at 06:36
But most trader like to take high risk setting because very limited deposit.
Membro Desde Mar 27, 2018   13 postagens
Mar 27, 2018 at 13:40
My criteria - Buy low + Sell high!
Membro Desde Apr 18, 2017   718 postagens
Mar 28, 2018 at 06:11
Wingandprayer posted:
My criteria - Buy low + Sell high!
So, how you determine low and high level?
nasrul_poyo
forex_trader_458816
Membro Desde Sep 11, 2017   124 postagens
Mar 28, 2018 at 06:20
Buying when currency are cheap and selling when they are at their most expensive point is the desire of every trader. Knowing these points, however, is closer to gambling than most of them would like to admit
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