Who knows which EA is the worst steady losing robot on the market???
Dec 13, 2013 at 16:51
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9 Replies
Dec 13, 2013 at 16:51
Hi Everyone!
I'm curious to find out what the worst EA that is currently being marketed. Which one has the biggest drawdowns or uses a martingale strategy that is sure to blow out an account quickly? Even if its a free open source EA that's good too. I'm interested to find out which EAs are steady losers. Any thoughts would be great!
Thanks
I'm curious to find out what the worst EA that is currently being marketed. Which one has the biggest drawdowns or uses a martingale strategy that is sure to blow out an account quickly? Even if its a free open source EA that's good too. I'm interested to find out which EAs are steady losers. Any thoughts would be great!
Thanks
Member Since Dec 15, 2010
795 posts
Dec 13, 2013 at 20:22
Most all EAs built and or sold will lose(99.999%). I can build a dozen EAs in a day easy on MT5 wizard. THe quick and fast back tester, allows you to see in a few minutes if your setup is profitable or not. Need a loosing EA? let me know your email and I can send you one of mine.. I have dozens..
Click on my Name to see My Live Charts and Bio.
Member Since Dec 15, 2010
795 posts
Dec 13, 2013 at 20:24
Thalantas posted:
Let me guess, you want to revert all the trades from this EA to make a big loser a huger winner?!
Many tried without success.
I have added reverse tradding toi a large number of my home built EAs, and the reverse trading logic, seems like it would work, but it doesnt...
Click on my Name to see My Live Charts and Bio.
forex_trader_55569
Member Since Dec 04, 2011
29 posts
Dec 13, 2013 at 21:48
reversing the trades from a losing bot isn't going to turn it into a profitable system. Our effort would be better off finding a strategy is consistently profitable and not consistency losing. https://www.myfxbook.com/members/pipinvestments/pip-investor-20-1-year/605364
Dec 14, 2013 at 11:32
Well it is an interesting thought to reverse a losing strategy. The logic behind it seems like it would work in theory but I have no experience with that but it is interesting to hear others thoughts on the subject. I was more hoping that we could all share which EAs are just so far off what they advertise. For instance, I purchased the forex sensation and extended edition for quite a lot of money and it performed like a donkey, consistent loser. After 6 weeks of losses I requested a refund which was promptly processed. Anyone else with similar results recently?
Dec 15, 2013 at 09:37
Professor53 posted:Thalantas posted:
Let me guess, you want to revert all the trades from this EA to make a big loser a huger winner?!
Many tried without success.
I have added reverse tradding toi a large number of my home built EAs, and the reverse trading logic, seems like it would work, but it doesnt...
Did you simply sell when an EA wanted to buy or had the EA running on an account, say at 0.01 and on the same account you used a trade copier to open an opposite order at the same time the first one opened?
I believe it matters a lot as usually EAs have bad money management (losers (in amount) > winners, close early the winners and late the losers). Hence if you simply revert the trades opens you'll get, again, the bad money management.
A smooth sea never made a skillful sailor.
Dec 16, 2013 at 22:05
Bturner87 posted:
Hi Everyone!
I'm curious to find out what the worst EA that is currently being marketed. Which one has the biggest drawdowns or uses a martingale strategy that is sure to blow out an account quickly? Even if its a free open source EA that's good too. I'm interested to find out which EAs are steady losers. Any thoughts would be great!
Thanks
fap turbo is the biggest loser.
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