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What is your criteria of a profitable EA?
Membro Desde Jul 20, 2010
7 postagens
Aug 11, 2010 at 23:48
Membro Desde Jul 20, 2010
7 postagens
Hi all, share your thoughts here on the criteria of a profitable EA. Do you used DD, PF or profit trades (%) ?

forex_trader_8139
Membro Desde Mar 04, 2010
411 postagens
Aug 12, 2010 at 03:58
Membro Desde Mar 04, 2010
411 postagens
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
This is what i can accept as good and profitable EA.
SIM
Membro Desde Apr 18, 2017
700 postagens
Mar 14, 2018 at 12:09
Membro Desde Apr 18, 2017
700 postagens
Unfortunately, I have never seen any profitable EA for a long run; I see all of pro traders trade manually.

forex_trader_432070
Membro Desde May 23, 2017
37 postagens
Mar 14, 2018 at 13:58
Membro Desde May 23, 2017
37 postagens
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
875 postagens
Mar 21, 2018 at 10:44
Membro Desde Aug 27, 2017
875 postagens
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.
keeping patience.......
Membro Desde Mar 21, 2018
13 postagens
Mar 21, 2018 at 10:49
Membro Desde Mar 21, 2018
13 postagens
even with great backttest you still need to forward test

forex_trader_202857
Membro Desde Aug 07, 2014
129 postagens
Mar 21, 2018 at 11:51
Membro Desde Aug 07, 2014
129 postagens
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.
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.

forex_trader_458816
Membro Desde Sep 11, 2017
117 postagens
Mar 22, 2018 at 08:58
Membro Desde Sep 11, 2017
117 postagens
I prefer to look on drawdown only.
Membro Desde Mar 07, 2018
12 postagens
Mar 23, 2018 at 13:07
Membro Desde Mar 07, 2018
12 postagens
drawdown is very important. A lot of traders hide bad results by keeping trades open in a big drawdown

forex_trader_458816
Membro Desde Sep 11, 2017
117 postagens
Mar 27, 2018 at 06:36
Membro Desde Sep 11, 2017
117 postagens
But most trader like to take high risk setting because very limited deposit.
Membro Desde Mar 27, 2018
12 postagens
Mar 27, 2018 at 13:40
Membro Desde Mar 27, 2018
12 postagens
My criteria - Buy low + Sell high!
Membro Desde Apr 18, 2017
659 postagens
Mar 28, 2018 at 06:11
Membro Desde Apr 18, 2017
659 postagens
Wingandprayer posted:
My criteria - Buy low + Sell high!
So, how you determine low and high level?

forex_trader_458816
Membro Desde Sep 11, 2017
117 postagens
Mar 28, 2018 at 06:20
Membro Desde Sep 11, 2017
117 postagens
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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