Rating: Full Star Full Star Full Star Full Star Full Star
Expert Advisors for newbie.
Previous 1 2 3 Next
sparkertrades

Member Since Dec 06, 2019  4 posts sparkertrades Dec 06 2019 at 12:50
Is there ANYPLACE to get honest reviews on EA's? It seems like every site I find is set up to look like an honest review site, but it seems like they are all fronts trying to push specific EA's (which undoubtedly they own an interest in). Can anyone point me toward a real review site, or offer advice on good EA's for a newbie? Thanks.

Alpscalp

Member Since Sep 20, 2012  112 posts Pacific Scalp (Alpscalp) Dec 06 2019 at 14:01
There are no real good EA's for sale. The only goal is to make profit from the sales. The best EA's are kept for personal use and Signal services/PAMM etc.. A good chef does not sell his recipies but opens up a restaurant ;-)

The market is always correct ;-)
rickyb

Member Since Oct 23, 2014  56 posts rickyb Dec 07 2019 at 00:18
the best place from my experience is mq5 .the best coders in world go there.still have bad share of bad ea;s.but the difference is you can try some for free ; with some limitations. pay monthly or rent.price range is from few dollars to many many thousands.most have real signals from their ea;s verified. and also reviews from peolpe who have joined site.i have spent many thousands buying ea;s from different sites.all turned out useless.even the free eas there which are hundreds of are very good if you set and test different settings.in fact a few i am currently testing are better than ones i have paid up $1000 for.sometimes these coders have good ideas;but lack time and patience to develop more so give away.these always do backtests;but not much forward testing.my tip is try smaller stop losses and change other inputs.there are some gems there.you soon get a sense of which ones hold promise.if buying ask seller questions so you know what you are getting in to.try their free version though;and dont buy unless they have something to test on demo or live with with 0.01 lots. there are plenty there to choose.is buyers market.

Roberto21

Member Since May 02, 2019  189 posts Roberto21 Dec 07 2019 at 04:44
for newcomers learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme

Treeny

Member Since Feb 08, 2019  125 posts Treeny Dec 08 2019 at 12:45
You'll do well to find a profitable EA

sparkertrades

Member Since Dec 06, 2019  4 posts sparkertrades Dec 09 2019 at 17:23
Alpscalp posted:
There are no real good EA's for sale. The only goal is to make profit from the sales. The best EA's are kept for personal use and Signal services/PAMM etc.. A good chef does not sell his recipies but opens up a restaurant ;-)


I'm beginning to believe this is the case. Thanks for the advice. Any good suggestions for reliable signal services?

sparkertrades

Member Since Dec 06, 2019  4 posts sparkertrades Dec 09 2019 at 17:24
rickyb posted:
the best place from my experience is mq5 .the best coders in world go there.still have bad share of bad ea;s.but the difference is you can try some for free ; with some limitations. pay monthly or rent.price range is from few dollars to many many thousands.most have real signals from their ea;s verified. and also reviews from peolpe who have joined site.i have spent many thousands buying ea;s from different sites.all turned out useless.even the free eas there which are hundreds of are very good if you set and test different settings.in fact a few i am currently testing are better than ones i have paid up $1000 for.sometimes these coders have good ideas;but lack time and patience to develop more so give away.these always do backtests;but not much forward testing.my tip is try smaller stop losses and change other inputs.there are some gems there.you soon get a sense of which ones hold promise.if buying ask seller questions so you know what you are getting in to.try their free version though;and dont buy unless they have something to test on demo or live with with 0.01 lots. there are plenty there to choose.is buyers market.


Thanks for the advice. I had not spent any money yet on an EA, but was considering it. Based on your experience, are there any of the EA's in the MQ5 market that you would recommend?

joneiltrader

Member Since Aug 14, 2019  10 posts joneiltrader Dec 09 2019 at 18:13
That's simply not true. There are definitely good EAs out there. I'm using one right now called Traide Ringer and have had a lot of success with it.

It uses a Martingale trading system, so it's important to keep lot sizes small in order to limit risk in big swings, but if you have good risk management the system h as been very profitable for me.

 There is really nothing it it for me other than sharing what's working for me. I don't own the platform and have no financial interest in it, however I'm one of many people using the EA profitably.

Nasrul_Swing

Member Since Feb 28, 2019  113 posts Nasrul (Nasrul_Swing) Dec 10 2019 at 08:24
Alpscalp posted:
There are no real good EA's for sale. The only goal is to make profit from the sales. The best EA's are kept for personal use and Signal services/PAMM etc.. A good chef does not sell his recipies but opens up a restaurant ;-)


Agreed. If the EA really can make money, sure the owner will not share it with the public. They just plug it at MQL etc. and earn money from their subscribers.

Eurmas @ MQL signals
joneiltrader

Member Since Aug 14, 2019  10 posts joneiltrader Dec 10 2019 at 12:47
Nasrul_Swing posted:
Alpscalp posted:
There are no real good EA's for sale. The only goal is to make profit from the sales. The best EA's are kept for personal use and Signal services/PAMM etc.. A good chef does not sell his recipies but opens up a restaurant ;-)


Agreed. If the EA really can make money, sure the owner will not share it with the public. They just plug it at MQL etc. and earn money from their subscribers.


Not true. I'm using an EA and making money with it and I am not the owner of the EA. This is just not an accurate statement.

Previous 1 2 3 Next
Loading
Loading
EURUSD 1.08224 GBPUSD 1.29372
USDJPY 111.571 USDCAD 1.32646

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2020 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.