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What is considered a great EA? :)

BluePanther (BluePanther)
Jan 27 2010 at 04:37
1353 posts
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! 😝

PipCollector
Jan 27 2010 at 09:40
92 posts
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.
PipCollector
Jan 27 2010 at 12:29
92 posts
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.
eravo12
Mar 03 2010 at 02:38
32 posts
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 :-)
lucasluizi (lucasluizi)
Mar 11 2010 at 12:23
6 posts
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 !
profijet
Mar 23 2010 at 14:38
134 posts
Does anyone has experience with this EA? https://secretsfromtheheart.com/trumpeter_info.htm
I didn´t find a review anywhere. This could be a good EA. Any users of this EA here?

BillP (BillP)
Mar 23 2010 at 15:27
33 posts
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.

"To have more money in the account this Friday than we did last Friday"
pc8multifx (pc8multifx)
Mar 24 2010 at 04:40
879 posts
Be careful, regards the trade statement a martingale strategy is involved...

lucasluizi (lucasluizi)
Mar 24 2010 at 13:18
6 posts
Martingale is a double-edge weapon...
Agressive traders , may try...
i prefer not!

! The Zurich Axioms by Max Gunther !
pc8multifx (pc8multifx)
Mar 24 2010 at 13:25
879 posts
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...

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