best way to find is my best performing EA

Oct 29, 2020 at 10:41
1,362 Views
15 Replies
Member Since Aug 26, 2020   7 posts
Oct 29, 2020 at 10:41
Hello,

I have a number of EA's running on several charts on a demo account. I wanted to know what is the best way to find out which robot is the best performing not most profit?

Thanks
Ross
Member Since Dec 26, 2019   21 posts
Dec 02, 2020 at 09:06
Statistics will be your best assistant. Analyze the number of profitable positions and those moments when it does not help you to make a profit. And try to be as critical as possible. This is your future.
Centrillador
Member Since Nov 17, 2020   19 posts
Dec 10, 2020 at 09:17
The one that is giving the best results is obviously the best one.
Member Since Sep 14, 2020   12 posts
Dec 15, 2020 at 10:01
Isn't profit the best quality indicator?
Use what brings you the money you want.
Member Since Jun 13, 2020   17 posts
Dec 23, 2020 at 09:54
Just remember that any robot/strategy/system has a specific shelf life and application conditions.
So don't trust it blindly.
Check everything.
And change it as soon as it stops giving you what you need.
Member Since Nov 17, 2020   19 posts
Jan 06, 2021 at 09:10
I like the system but I’m not completely sure about this. It will be better if you share more about this, thank you.
Member Since Mar 23, 2020   21 posts
Jan 06, 2021 at 10:06
rosscortb posted:
Hello,

I have a number of EA's running on several charts on a demo account. I wanted to know what is the best way to find out which robot is the best performing not most profit?

Thanks
Ross

You can insert a comment for every EA so in the platform mt4 u can search the comment and see all his trades, is very usefull if you have more than one EA running in one account
Experience is the hardest teacher because she gives the test first, the lesson afterward.
Member Since Aug 26, 2020   78 posts
Jan 06, 2021 at 11:43
This method is really effective and makes sense.
Member Since Aug 27, 2017   121 posts
Jan 08, 2021 at 10:41
Of course, you would want the EA that will give you the biggest profit in the long run. Though, it might be best to have multiple EAs to diversify. I will always go for consistency rather than getting big profits here and there.
Trading is a marathon, not a sprint.
Member Since Sep 12, 2017   238 posts
Jan 11, 2021 at 05:48
if anyone can explain detail that will be great
Member Since Dec 24, 2020   15 posts
Feb 26, 2021 at 03:58
You can test them out first on a demo for a better idea. When you’re done with the testing, you can move ahead with them.
Member Since Jul 23, 2020   759 posts
Feb 26, 2021 at 05:02
epeepillock posted:
You can test them out first on a demo for a better idea. When you’re done with the testing, you can move ahead with them.
Traders can also use back test software to find the effectiveness of EA.
Member Since Jul 23, 2020   759 posts
Jan 11, 2022 at 22:48
Do not use EA for your trading. It will blow your account balance. Just trade manually buddy.
Member Since Jul 23, 2020   869 posts
Jan 29, 2022 at 21:21
I've been using Forex EA for 5 years and I'm making regular profits.
Member Since Feb 16, 2022   119 posts
Mar 04, 2022 at 09:27
EA is automated trading software that requires no human control. Generally an EA works on the basis of technical tools. I never support EA trading because I saw that an EA fails to give a better outcome in the long run. Besides it ends up crashing you balance after a certain time.
Member Since Feb 15, 2022   219 posts
Mar 05, 2022 at 04:32
Personally, I dislike EA trading the most because such automated trading software fail after a certain age. Besides so, you know that the market moves fundamentally but the EAs work on technical tools. So, here lays another issue to think of. EA trading doesn’t refer to any professionalism.
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