We have been trading for years. The only algos we have see work are ones used by efx trade a price engines on prime brokers that uses flow data from different clients to pick the market off and offset clearing in a profitable way. We have never seen anyone make real money using and MT4 EA. We trade manually https://www.myfxbook.com/members/Ambush_Trader/ambush-capital/1036189
@Ambush_Trader If you never made any profits with an ea then do not say its impossible to make money with an ea as this is not true, I've seen few professional traders saying the same but I strongly disagree with such opinions. One can make consistent profits with ea's for sure.
Ambush_Trader posted: We have been trading for years. The only algos we have see work are ones used by efx trade a price engines on prime brokers that uses flow data from different clients to pick the market off and offset clearing in a profitable way. We have never seen anyone make real money using and MT4 EA. We trade manually https://www.myfxbook.com/members/Ambush_Trader/ambush-capital/1036189
@Ambush_Trader Well actually Caesar 2.1 has the very similar monthly profit, max DD and even the date:-) And it is the EA:-)
It's not impossible but from my experience in years of trading and also sitting behind the desk of some bigger fx brokers doing analytics for bbooking retail clients and replicating profitable flow of credit clients, I can say chances of success are extremely low and any success will be short lived. Retail traders are better off investing more time and putting in the hard work required to be a successful manual trader. Very little edge for automated in the retail space, esp with the limits of mt4.
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