Do you think that EA can be profitable?

bako45 posted:
  ...you are armature buddy...

I do not know what does the 'armature buddy' mean. Armature concrete is the thing I know, but 'buddy'?

He was trying to be rude paukas, he just doesn't have a spell check. But I will put in my 2 cents worth on this subject. In April of 2008 my partner and I created a new type of trading that didn't use any indicators. It went 15 months through the toughest market stresses with zero losses. That was over 3,000 trades and a 300% return. That high of a return was only because of the volatility in those years, it would not have been that good in a normal year and because of the changes in the price extremes, will never be that way again.

Within 6 months of starting our live account on IBFX, something very strange happened, The US government made a new regulation that has never been seen in any market any time before in all of history, solely for the new FX market called FIFO. (First In / First Out) at the same time they outlawed hedge trading. By some unnatural coincidence, those were the two methods employed by our program that achieved that no loss record. Within 15 months our program was nullified. Yes, I am afraid that we were the cause of the new FIFO regulations. The brokers are in bed with the banks and so is the US government. You would have thought that they would have just bought the program from us but that is just not their way.

So can an EA be profitable, yes and no. If it is too good, the banks will crush it just as they did ours. But if you can keep a relatively low profile then it can work. It seems that if you don't make too much money with your system, they don't try too hard to kill it. But if your system is too good for their comfort, they will kill it one way or another. We were selling an average of 5 programs a day, well I didn't sell them, marketers did. But with so many people using a system that didn't lose, it just spooked someone. So if you have a good system, sell enough to fund your retirement but remember my warning, keep that low profile as much as you can.

For US citizens to use my program now they have to go off shore and open an IBC to trade from, needless to say our sales crashed, but we still can do a little business over seas. That is as much as we can expect in this world because that is the world in which we live. Yes, theoretically an EA can be very profitable, but no they can't because if they work then someone is losing some of their business to you and will see to it that the EA doesn't work anymore.

Good Luck, Good Trading.

Bob.

 

Djules posted:
Hello traders,
I am new to all this staff.
I just came a across and found Expert Adviser.
There is video:

I want to ask, if some one has tried it before seems very great, even more- there is opportunity to rent it.
I talked with support they also showed me statement of live account, hmm everything looks great.

Please help me to decide.

Hello,

We have been researching and developing Forex trading robots (Expert Advisors) since 2008.

We are fully convinced (by own vast experiences) that no one out there will agree to sell a TRULY GOOD expert advisor to the public.

Our reasoning is simple:
Why would anyone sell a hen which lays golden eggs???

Since 2008 we have developed over a thousand of good FX trading robots, but we do not sell any of them.

We can offer you to try our trading signals. Please check our latest posting at this link:

https://www.myfxbook.com/community/new-traders/free-trading-signals-from-real/646404,1

You can also check our current campaign at this link:

https://igg.me/at/invest-now-make-money/x/3090507

Wishing you all the best!

comextradingllc posted:
We are fully convinced (by own vast experiences) that no one out there will agree to sell a TRULY GOOD expert advisor to the public. Our reasoning is simple: Why would anyone sell a hen which lays golden eggs???

I'll handle that one. You are judging others according to your own personal criteria, not everyone has the same ideals that you do. For some it is better to give than receive. Why would anyone join the Coast Guard and risk their life to save another that he doesn't even know? But some do.

However, there is a more basic business reason for selling a profitable system, not every trader that has lost money learning his trade has an abundance of more money to put into his new trades that he worked so hard to learn. If he doesn't sell his work then he has no money to invest. Simple enough, but would he sell his best systems, I don't know about anyone else, but if my name is on the label, my very best will be in the product. I like me too much to give anything but my best. I am proud of what I have accomplished, why would I hide my pride by offering a second rate product, I couldn't.

I have an even tougher question for those that think as you do. I have two sons in the Army, when I find solders that came back from over seas all busted up and wondering how they will be able to provide for their families, I have and will continue to give them one of my programs for their families use. (They still have to fund their account but they usually have a few bucks from the service for their injuries). How sick of a person would I have to be to give them something that I knew to be a second best system - I could not do that either.

If it has no effect on me or my investments, and that is almost always the case, why would I not want to share it with others? I don't dislike new traders, why would I want to hurt them instead of helping? I hope that my good deeds will make me some brownie point in the next world but even if it doesn't, I still have my moral code that directs my path. There is nothing wrong with selling the benefits of your experience and how you go about it is of little concern; but to suggest that others would be devious with what they offer just so new investors would doubt them and trust you is somewhat devious and lacks moral character that, in my opinion, is a necessary element in business. Integrity is like virginity, you lose it once and it is gone forever.

I hope these words of wisdom from an old man is helpful, most people fail to look at their beliefs and how they direct our paths. It is my intention here to help remind us all of these facts, not to accuse anyone of doing anything other than the most honorable of intentions. I am positive that Comextrading actually believed that others would intentionally put junk on the market and that having him or someone else as knowledgeable as he is, trading on your behalf is the safest and wisest path. But we must also consider that people have emotions and traders are people. They need to do what is right by themselves before they think about others. So what happens when the trader decides to retire because that is the best thing for themselves? They are not doing evil but evil can come from the loss of the only one who has the knowledge of how to invest. Therefore I claim that it is still better for all to teach a man to fish that he may eat for a lifetime rather than to sell him a fish that he may eat only for the day.

To all, a very profitable week and a weekend of rest.

Bob

Hi Bob, you sound like a great guy...helping friends and family is noble and I applaud. In Forex, I find very few merchants selling EAs with such noble intentions. Most public EAs that I have purchased present fake statements, fake stories, and fake stats. Have you ever purchased an EA that has lived up to it's promises? I have only purchased one like that.

Now Bob, I have really good news! You were not the reason the US government implemented the FIFO rule in the 'FrankDodds' bill. Most other financial industries like stocks and bonds require FIFO. You just don't feel it the same way as in MT4 Forex. I am aware of at least 2 regulated US brokers that allow hedging and 'non-FIFO' on the MT4 platform. They do this by having the MT4 backend comply with FIFO while MT4 appears to be non-FIFO(just like the good ol' days). This is sometimes called 'advanced netting' or simulated non-FIFO. The key reason for requiring FIFO has to do with how the broker statement reads and not how you place orders. Some brokers in the US simply didn't won't to bother with changing their backend systems to comply with the new rules (far less money being made on US customers after the leverage change). I won't even get into why the leverage in the US was lowered. The 2 US regulated brokers that I mentioned earlier are FXDD and FXCM. FXDD advertises this capability and I have several accounts with them. FXCM also has this capability but you have to ask for it.

Your background seems very interesting. Feel free to private message me if you have any questions or just want to exchange ideas.

Thank you FXRX, I may just take you up on that offer. IBFX was the first to offer that backend solution, but unfortunately it didn't work. FXDD actually adopted the regs later than the others because their application to be regulated came when everything else failed. (I know a couple of people that worked there so knew what was happening).

My buddy at IBFX thought that the backend solution would work because it did with technical traders. Yep, It doesn't work with systemic trading systems, and I took a bath to the tune of $18 grand. (Not all on one account). So, that is life but I am heartened with the possibility that we didn't cause the implementation of FIFO, I never wanted to cause any harm and I have been living with the weight that our work may have brought about that harm anyway. Still harm has come and I can do nothing to stop the rolling bolder at this point.

Good luck FXRX, Thanks again.

Bob

FXRX posted:
Hi Bob, you sound like a great guy...helping friends and family is noble and I applaud. In Forex, I find very few merchants selling EAs with such noble intentions. Most public EAs that I have purchased present fake statements, fake stories, and fake stats. Have you ever purchased an EA that has lived up to it's promises? I have only purchased one like that.

Hello FXRX,

Thank you for saying out the bitter truth.

We reason that no one out there will want to sell a hen which lays golden eggs.

We can understand helping a friend in need (as Bob does), but truly impossible to 'honestly help the public in need by selling a good EA'.

As a company, we know how much we toil to develop each good EA, and the idea of selling it to the public never comes into our minds.

Wishing you all the best!

comextradingllc posted:
We reason that no one out there will want to sell a hen which lays golden eggs.

Comextrading, why do you believe that there are some limits to trading. You seem to think that if you share something then you will have less. That is not the case here. There are no golden eggs, just computer programs that cost nothing to reproduce. It will not hurt my trading if others are able to use my work and free themselves of the toils of life. It cost me nothing at all.

In fact, I wish I could help everyone to have a better life. But I can't. However, let me ask you this, why are you leaving so much money on the table? Knowing that there are some that want others to run their investments you offer your services but there are many that really don't like others running their investments, their life or anything else for that matter. They want a robot that can replace the investment managers, and will pay you for that option.

But you seem to have some negative feelings about those people and keep talking about non existing chickens. My hens lay brown eggs, I am happy with that because that is the way of things. And if someone wants something real like brown eggs, I can set them up with real chickens, real investment programs, but more important, real knowledge of how things work so they can be independent and do for themselves. That shouldn't threaten you, there are still many that are just lazy and will tell you so themselves, I can't help those ones, but you can.

Let me let you in on a secret, there is an infinite supply of everything, there is nothing that is really scarce but that thinking makes it so. If you keep seeing things with limits, then your life will continue to be full of limits. When you can see life as abundant you will be surprised at how abundance will begin to show up. That little bit of truth can make you more than simple trading ever could, but I give it to you freely, because you can have it, and so can I. There is plenty to go around.

May I recommend a book from my generation that has help many men to become more by seeing the world in a different light, Think and Grow Rich by Napoleon Hill 1937 Here is a link to a free PDF copy if you would like. https://thesafeinvestor.com/retirement/

Now it's late and I must close, I hope I have been of some assistance, good night all.
Bob

Hello Bob,

We are not against your helping others.

But 'real life' is different from most 'positive points' you have written above.

Please take care and God bless you in your good deeds.

FXRX posted:
I don't recommend backtesting EAs more than 3 years, as the market environment changes quite a bit over time.

You have to be joking lol!

Losing money is no joking matter. But there are some programs that are very dependent on the accuracy of the data. I don't know about 3 years, but I can make a strong argument for not using data before 2001. Prior to that time the currency market was part of the futures market. Only banks and people with the wealth of a bank could trade with a spot market price, the rest used the futures market. The price on the futures market was very susceptive to the emotions of traders driving the extremes way higher than could ever make sense from a pure market perspective.

Systemic systems would be adversely effected if the data from the futures market was used on todays spot market. Back-testing relies on the quality of the data and the further back you go, the more corrupt the data is. I hope this presents a different perspective so we can see that not all trading systems are created equal.

On a related subject (still about robots), I have just finished a revision of my book 'Robotic Investing' and I would like some feed-back before it goes to press. If anyone would like a free pre-release copy and promises to write back with a review and tell me what works, what doesn't and any other suggestions that may be pertinent, just send a request to [email protected] and Mary will send it to you within a couple of days.

Good luck all.

Bob

Hello @ForexAssistant
It is also necessary for an expert goes through the different phases of marché.Optimiser values ​​robot whole and not on the past because the scenario may come back, but not all the time and it is useless to backtest on data before 2008 because the market is not longer the same because of the crisis of the same year
Regards
Hiroo59
[email protected]

https://www.forexbrokerz.com/news/marilyn-forex-robot-review-leader-autotrade

what is the name of the expert advisor? on which website its sold?

HIROO59 wrote 'on data before 2008 because the market is not longer the same because of the crisis of the same year'

You are dead on. When we started with this new investment idea of making a system for the computer instead of trying to make the computer use a human system, we didn't know what to expect as a ROI. We knew that there wouldn't be any loses but not how many trades would be taken. In 2008 we made 300%. Were very excited, 300% and no losses. If we based our future decisions on that year we would have been in a world of red faced embarrassment. As it turns out the system now generates just over 12% a year, not bad for the average investor but a far cry from the drama of 2008.

So on that bases I not only agree with you but will also extend that to forward testing because the markets activity level changes with the season.

Bob

@forexboysdotcom
If you meant the names of the computer programs that are free to use to learn the systemic systems, I would start by reading about them before downloading and starting to demo trade but you can download them from thesafeinvestor.com
However to learn about the systems, the research website has more information on the subject.
forex-assistant.com
Hope that helps.

Still have confidence in eas. Open your eyes and play professionally or handover it to professionals.😎

When people open their eyes, they see how so many people that mean well but have been giving bad or outdated advice because they themselves have been living in the past. 'Computers will never beat a human at chess' until 1998 when Big Blue beat the then reigning grandmaster. Then 'computers can't reason', Watson beat the two best Jeopardy champions at their own game. When people open their eyes, they find themselves staring at the future and some will also want to pretend it doesn't exist.

EAs are the future, he who refuses to understand this fact will eventually be left behind. Computers can already do what humans can not. What human can take 3000 trades without loss? Only a computer can do that and already has.

Reality is always in a constant state of change, what was real a thousand years ago is laughed at as ludicrous today. There is no pity for the man who can't see reality as it was only temporary but let's morn for him that can't see the possibilities, for him there is no future.

Bob

VPS: $29.99/month

Robot: $500

Cornering the market in your sleep.... Priceless.

😄

FxMasterGuru posted:
VPS: $29.99/month

Robot: $500

Cornering the market in your sleep.... Priceless.

😄

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