What is your criteria of a profitable EA?

Hi all, share your thoughts here on the criteria of a profitable EA. Do you used DD, PF or profit trades (%) ?

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

Unfortunately, I have never seen any profitable EA for a long run; I see all of pro traders trade manually.

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.

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.

even with great backttest you still need to forward test

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.

I prefer to look on drawdown only.

drawdown is very important. A lot of traders hide bad results by keeping trades open in a big drawdown

But most trader like to take high risk setting because very limited deposit.

My criteria - Buy low + Sell high!

Wingandprayer posted:
My criteria - Buy low + Sell high!

So, how you determine low and high level?