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What is your criteria of a profitable EA?

asagi
Aug 11 2010 at 23:48
7 posts
Hi all, share your thoughts here on the criteria of a profitable EA. Do you used DD, PF or profit trades (%) ?

SIM
pip2cash (pip2cash)
Aug 12 2010 at 03:58
423 posts
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

AniLorak
Mar 14 2018 at 12:09
920 posts
Unfortunately, I have never seen any profitable EA for a long run; I see all of pro traders trade manually.

uplinktrading
Mar 14 2018 at 13:58
40 posts
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.

Adribaasmet
Mar 21 2018 at 10:44
923 posts
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.

Pandapaws
Mar 21 2018 at 10:49
13 posts
even with great backttest you still need to forward test

Loic Hellard
challenger (challenger)
Mar 21 2018 at 11:51
129 posts
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.

Nasrul
nasrul_poyo (nasrul_poyo)
Mar 22 2018 at 08:58
124 posts
I prefer to look on drawdown only.

BlueDino20
Mar 23 2018 at 13:07
13 posts
drawdown is very important. A lot of traders hide bad results by keeping trades open in a big drawdown

Nasrul
nasrul_poyo (nasrul_poyo)
Mar 27 2018 at 06:36
124 posts
But most trader like to take high risk setting because very limited deposit.

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