How can I evaluate whether an EA is basically suitable to invest, if I do not know its strategy? I do not mean in detail, but at least if it is e.g. a System which buys against the market and waits till the positions are positive! I dont want a system which buys against the market and suddenly the account is empty ;-)
What i would also like to know about a system: -does it have a protection mechanisms, such as maximum drawdown or maximum daily loss etc.!?
So how can I evaluate the systems here, the data of the last trades or the drawdown until today is certainly not enough to do a larger investment!
samnz: Yes, it is currently using a hard stop loss of 100pips (its not using a hidden stop loss). Whether it is a hard stop loss or not, when a negative big spike comes, no one can escape. You can email to [email protected]
wolverine82: It is not on zulutrade. It is currently launched in autotrade only.
automatedtrading: This EA does not hold on to the positions indefinitely till the positions are positive. You should have noticed there is a stop loss of 100pips.
I recommend that you trade 0.01 lots for every $1000 balance. No, it does not implement a maximum drawdown or maximum daily loss on my end. But it is a good suggestion to myfxbook autotrade to allow such controls at the user end. You can choose to wait till the data is sufficient for you to evaluate the system.
nice results .. but i am sad that u close one of eur-jpy 09.04.2013 10:55 09.04.2013 18:19 EURJPY Buy 0.02 128.97100 - 128.87000 10.0 pip it is still going up ... is that from the strategy to close and let another active on market ???
Top Forex Signals: This trade was closed based on a trailing stop loss.
Nordhoff: P2000 is a Hedging EA which create Buy/Sell Orders of Currency Pairs whichever direction the market is moving. As we known the market Range and Trend according to News, Events, Sentiment and Technical Correction. It will not be easy to enter the market correctly all the time even for the very best trader in the world. P2000 is designed to survive the 70 to 80% during the ranging market and finally cash in on 20% of Trending market.
ADVERTENCIA DE ALTO RIESGO: El comercio de divisas implica un alto nivel de riesgo que puede no ser adecuado para todos los inversores.
El efecto de apalancamiento crea un riesgo adicional y una exposición a las pérdidas. Antes de decidirse a operar con divisas, considere cuidadosamente sus objetivos de inversión, su nivel de experiencia y su tolerancia al riesgo.
Podría perder una parte o la totalidad de su inversión inicial. No invierta dinero que no puede permitirse perder. Infórmese sobre los riesgos asociados al trading de divisas y pida consejo a un asesor financiero o fiscal independiente si tiene alguna duda.
Todos los datos y la información se proporcionan "tal cual" con fines informativos únicamente y no están destinados a fines comerciales o de recomendación.
Los resultados pasados no son indicativos de los resultados futuros.