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What is considered a great EA? :)

pc8multifx (pc8multifx)
Nov 09 2009 at 02:14
879 posts
1-5)Since most my EAs trade multipair, backtest is no option. Proper risk management is the key in this case. I m going for 15- 100 $ profit, depending on the acc. size. Minimum monthly avg on single pair trading should be 5% and on multipair 20%

and
6) YES 😀

pipscollector
Nov 13 2009 at 10:51
2 posts
The best EA is the program that brings the most pips/month.

pc8multifx (pc8multifx)
Nov 13 2009 at 17:03
879 posts
not in my case..LOL for me is the best EA that bring the most money. U cant buy food with pips😁
BTW my best one loses pips....

pipscollector
Nov 25 2009 at 19:06
2 posts
i'm talking about the core, money is made on pips

dacosvan
Nov 26 2009 at 13:15
1 posts
JUNIOR, fx Promak, last night gave me $ 511 ... not bad for a count of 2,000 .. 25% ... in one day ..... wow .... and then nobody believes in the expert .. ... look at my account and I still can not believe it ..... THANK GOD

bizWiz
Nov 26 2009 at 13:23
397 posts
dacosvan posted:
    JUNIOR, fx Promak, last night gave me $ 511 ... not bad for a count of 2,000 .. 25% ... in one day ..... wow .... and then nobody believes in the expert .. ... look at my account and I still can not believe it ..... THANK GOD


i wouldn't be so happy if i were you, you're obviously over-trading.

you could have lost the 25% instead of gained. how would you feel then after losing 25% of your account in one single day? if for sure wouldn't call it wise money management.

Sleep is for the weak.
rfolgate
Dec 26 2009 at 04:20
36 posts

Fulltime247 posted:
    RoboMiner is a great EA that appear to use a 'Hold and Hope' strategy but its a lot smarter than that. It trades the AUDNZD pair. This pair has historically traded within a pretty tight range. So he plays it up and down from the midpoint. If its above the midpoint he sells every X pips and if its below the midpoint he buys every X pips. It always has a drawdown but the trades will eventually close for a profit. Actually after watching the system still make profits during the great 2008 crash - I have no idea what it would take to blow it up. (Maybe the 2nd Coming?) - So YES it does have drawdown and only closes profitable trades but I cant argue with the fact that no matter how long it takes - THE TRADES DO CLOSE IN PROFIT!! - Its the smartest 'Hold and Hoper' I've ever seen.

https://www.4xproject.com/lang/en-us/robot-overview/robots/robominer/
https://www.forexpeacearmy.com/metatrader_expert_advisor/robo_miner_by_forex_gold_mine/demo
https://www.pipcop.com/forums/current-live-robot-reviews/126-forex-goldmine-robominer-robot-review-live-account.html
https://www.forexrobotstest.com/robominer.html

Also StephanusR - I looked at your trades and noticed that you're losing trades when they turn against you 20 pips OR LESS. YOU CANT CLOSE TRADES THAT SOON WITH A EA!! - Market noise will turn almost every trade into a loser. The best a EA can do is put you on the side of probability but the trade must have room to work!! - It took me a long time to realize this. Most EA's need fairly wide stops to work BUT wide stops will give you a high win percentage. Now the EA's job is easier. Collect enough pips to offest the ocassional SL hits. - Manual trader have a much easier job since humans are far better traders than robots (I see your on manual) - I wish you luck but I've never been able to trade profitably by EA with 20-30 pips stops. Bots just ain't that smart. (In fact the successful one I've seen need to win more than 10 trades to cover 1 loss - Scalping 5 pips with a 50 pip SL - [https://tinyurl.com/shocker-ea] - But they do it easily since the wide stop gives them a 94.50% win rate)


Robominer is POS, I have 2 $3000.00 p/l with 2 brokers since OCT 1st and the aud/nzd shows no sign of going down. Donna forex had a 23,000.00 p/l at one time and maybe now it is $14000.00. Stay away from it . It is poison.

rfolgate
Dec 26 2009 at 04:22
36 posts

robertdbuttst posted:
    who is Robominer ?


Its other name is POS

rfolgate
Dec 26 2009 at 04:22
36 posts

pc8multifx posted:
    not in my case..LOL for me is the best EA that bring the most money. U cant buy food with pips😁
BTW my best one loses pips....


You look like you have a headache in your pic

maanoo (maanoo)
Dec 26 2009 at 11:34
11 posts
Your brain is considered a great EA.

You can be successful trading using pure price action so do not waste this opportunity and start studying before it's to late.

Everyone can be successful, there's no difference between you and the big boys. They're just like you eating and sleeping and shaving. 😁

May god bless you all.

The trend is your friend.
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