What is your criteria of a profitable EA?
Aug 11, 2010 at 23:48
967 zobrazení
12 Replies
Členem od Jul 20, 2010
7 příspěvků
Aug 11, 2010 at 23:48
Hi all, share your thoughts here on the criteria of a profitable EA. Do you used DD, PF or profit trades (%) ?
forex_trader_8139
Členem od Mar 04, 2010
423 příspěvků
Aug 12, 2010 at 03:58
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
Členem od Apr 18, 2017
920 příspěvků
Mar 14, 2018 at 12:09
Unfortunately, I have never seen any profitable EA for a long run; I see all of pro traders trade manually.
forex_trader_432070
Členem od May 23, 2017
40 příspěvků
Mar 14, 2018 at 13:58
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.
Členem od Aug 27, 2017
994 příspěvků
Mar 21, 2018 at 10:44
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.
Členem od Mar 21, 2018
13 příspěvků
Mar 21, 2018 at 10:49
even with great backttest you still need to forward test
forex_trader_202857
Členem od Aug 07, 2014
129 příspěvků
Mar 21, 2018 at 11:51
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
Členem od Sep 11, 2017
124 příspěvků
Mar 22, 2018 at 08:58
I prefer to look on drawdown only.
Členem od Mar 07, 2018
13 příspěvků
Mar 23, 2018 at 13:07
drawdown is very important. A lot of traders hide bad results by keeping trades open in a big drawdown
forex_trader_458816
Členem od Sep 11, 2017
124 příspěvků
Mar 27, 2018 at 06:36
But most trader like to take high risk setting because very limited deposit.
Členem od Mar 27, 2018
13 příspěvků
Mar 27, 2018 at 13:40
My criteria - Buy low + Sell high!
Členem od Apr 18, 2017
718 příspěvků
Mar 28, 2018 at 06:11
Wingandprayer posted:So, how you determine low and high level?
My criteria - Buy low + Sell high!
forex_trader_458816
Členem od Sep 11, 2017
124 příspěvků
Mar 28, 2018 at 06:20
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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