What is your criteria of a profitable EA?
Aug 11, 2010 at 23:48
950 Angesehen
12 Replies
forex_trader_8139
Mitglied seit Mar 04, 2010
423 Posts
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
forex_trader_432070
Mitglied seit May 23, 2017
40 Posts
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.
Mitglied seit Aug 27, 2017
994 Posts
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.
forex_trader_202857
Mitglied seit Aug 07, 2014
129 Posts
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
Mitglied seit Sep 11, 2017
124 Posts
Mar 22, 2018 at 08:58
I prefer to look on drawdown only.
Mitglied seit Mar 07, 2018
13 Posts
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
Mitglied seit Sep 11, 2017
124 Posts
Mar 27, 2018 at 06:36
But most trader like to take high risk setting because very limited deposit.
Mitglied seit Mar 27, 2018
13 Posts
Mar 27, 2018 at 13:40
My criteria - Buy low + Sell high!
forex_trader_458816
Mitglied seit Sep 11, 2017
124 Posts
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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