Samuelkoi posted:

Prest posted:

MP_89 posted:
and this is being told to me by a prehistoric man who, i suppose, still cannot believe all these 'new technologies' and draws a market chart by hand.

Now I'll tell you a little about you. You probably lost your money so many times that you decided that the only way to earn it was not to participate, so you transferred this responsibility to an advisor. hah 😉

I'm glad that you have the same opinion as me. It seems to me that this person is simply out of touch with the reality of trading or wants to sell his ea.

I'm still waiting for his answer...

I don't deny that advisors using can be justified. But only if this advisor is made by the trader(user). But this trader must have extensive experience in manual trading + be able to program advisors. This is a fairly extensive knowledge. But I repeat, this does not remove all the responsibility.
Some an important aspect in successful trading is understanding economic processes and tracking news, which the EA is absolutely unable to do, again because the machine cannot analyze human decisions and behavior.

And finally, the absence of emotions is not only an advantage that everyone constantly remembers. This is also a disadvantage, because EA action is an algorithm, but trading in the FX market sometimes requires non-standard solutions.

MP_89 posted:

Samuelkoi posted:

MP_89 posted:

i think trade with ea helps the beginners better understand the market. and it’s quite good trading experience.

you asks me about arguments.
i'll tell you most important argument for ea. huge time savings.
1. i dont fully researching the current market situation, i dont make forecasts, etc. the advisor does all this for me.
2. i dont need to stay awake for days and monitor the minimum oscilation of each pips.
3. i get a constant profit.
want more arguments? trade with ea at least once. then you'll understand.

Oh, and how dos using EA help newcomer understand the market without trading?
It's not at all necessary to constantly be near the terminal to trade. You can take long-term trading as a basis, instead of nervous scalping.
In the first point, you say that you don't follow the market analysis. And wha will happen if a trend ea gets into a flat correction and you will not be near the terminal to turn it off?

ea'll help beginners by analyzing its work, the signals by which it opens and closes orders. over time beginners understand by what criteria their advisor opens new positions. and then beginners will already understand whether he wants to trade with ea or manualy.
and you twist my words!! i didn’t say i don’t follow market analysis at all. i said i don't do it fully.
and i repeat 100 times more that ea needs to be updated. of course if you don't do it you'll lose sooner or later.
so think before you write any nonsense, dear!

What is best broker to trade with EA then? Do you know any?

Prest posted:

MP_89 posted:
and this is being told to me by a prehistoric man who, i suppose, still cannot believe all these 'new technologies' and draws a market chart by hand. Richi dear don't make me laugh. 😁😁😁
what can someone like you know about artificial intelligence or the work of advisors?

Hey, what can you know about me? Your conclusions are hasty due to the lack of arguments. The advisor cannot be a full substitute for manual trading in the market, which is directly dependent on the humans behavior.

I may accept the fact that advisors can be used, but only if you want to lose all your funds.

you don't want accept the fact manual trading is wasted time and effort. now is the time of technology and any advisor can be configured as you like. even so, if you need to switch to manual trading at any time you can do it.
if you prefer scalping you set up ea for scalping. trade with long-term trading set it up for long-term trading, etc.

Prest posted:

MP_89 posted:
and this is being told to me by a prehistoric man who, i suppose, still cannot believe all these 'new technologies' and draws a market chart by hand.

Now I'll tell you a little about you. You probably lost your money so many times that you decided that the only way to earn it was not to participate, so you transferred this responsibility to an advisor. hah 😉

Richi if you want to hurt me in any way, you can't do it 😁😀 yes i lost money somehow. and it was because of buying cheap signals. i was young and stupid. still consider buying signals a waste of money.
and still using ea is my responsibility and my money of course!!!
and you apparently once lost money on buying cheap ea otherwise how else to explain your open hate and defense of manual trading. 😀😀😀
you can buy at least 10 advisors or 1000 signals or trade manualy but if you are brainless, you'll still lose 😄 and i'm not brainless Richi.

Prest posted:

I don't deny that advisors using can be justified. But only if this advisor is made by the trader(user). But this trader must have extensive experience in manual trading + be able to program advisors. This is a fairly extensive knowledge. But I repeat, this does not remove all the responsibility.

However, with the growth of eas popularity and variety, the 95% rule has not changed and most traders continue to lose their money. Then the number of high-quality eas is 5% of the total number of them.

Akalay posted:
What is best broker to trade with EA then? Do you know any?

Does that matters?

Samuelkoi posted:

MP_89 posted:
ea'll help beginners by analyzing its work, the signals by which it opens and closes orders. over time beginners understand by what criteria their advisor opens new positions. and then beginners will already understand whether he wants to trade with ea or manualy.
and you twist my words!! i didn’t say i don’t follow market analysis at all. i said i don't do it fully.
and i repeat 100 times more that ea needs to be updated. of course if you don't do it you'll lose sooner or later.
so think before you write any nonsense, dear!

I have never met anyone who could learn to trade by analyzing the trade of ea. This is a freakish teaching in my opinion.
You don't follow all the time, but the market can change any minute, just as you step away from your pc.

You correctly said only one phrase during the posting:

MP_89 posted:
you'll lose sooner or later.

everyone has theirown concept of normality dear. if this method of market analysis doesnt suit you it doent mean this method won't suit another trader.
i have question for you. since you said market can change direction in a second after you just have to move away from pc. ok. its really possible. but will market behave differently if you trade manually?? won't it change the direction in a second???
think dear. think well before you answer me.

Paul_Neewt posted:
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what is this for EA is it to Buy

Akalay posted:

MP_89 posted:

Samuelkoi posted:

MP_89 posted:

i think trade with ea helps the beginners better understand the market. and it’s quite good trading experience.

you asks me about arguments.
i'll tell you most important argument for ea. huge time savings.
1. i dont fully researching the current market situation, i dont make forecasts, etc. the advisor does all this for me.
2. i dont need to stay awake for days and monitor the minimum oscilation of each pips.
3. i get a constant profit.
want more arguments? trade with ea at least once. then you'll understand.

Oh, and how dos using EA help newcomer understand the market without trading?
It's not at all necessary to constantly be near the terminal to trade. You can take long-term trading as a basis, instead of nervous scalping.
In the first point, you say that you don't follow the market analysis. And wha will happen if a trend ea gets into a flat correction and you will not be near the terminal to turn it off?

ea'll help beginners by analyzing its work, the signals by which it opens and closes orders. over time beginners understand by what criteria their advisor opens new positions. and then beginners will already understand whether he wants to trade with ea or manualy.
and you twist my words!! i didn’t say i don’t follow market analysis at all. i said i don't do it fully.
and i repeat 100 times more that ea needs to be updated. of course if you don't do it you'll lose sooner or later.
so think before you write any nonsense, dear!

What is best broker to trade with EA then? Do you know any?

i don’t know what your advisor. how can i recommend you broker? you have choose. 😀😀 i can reccomend look how your ea is set up and choose broker allows ea to trade. and of course broker allows the type of trading that your ea is configured.
that's all dear. 😉

togr posted:

vortexz posted:
Why all good traders use bad brokers? I don't get it

Oh common
Good traders of course use good brokers
You mean fake traders use fake brokers.

Nice comparison ) but when I checked reviews for brokers I saw bad reviews for any of them, it's impossible to be good for all traders.

Rafael posted:

togr posted:

vortexz posted:
Why all good traders use bad brokers? I don't get it

Oh common
Good traders of course use good brokers
You mean fake traders use fake brokers.

Nice comparison ) but when I checked reviews for brokers I saw bad reviews for any of them, it's impossible to be good for all traders.

Yes but the difference is if a broker is regulated you can complain and if they don't solve the problem regulators steps in, while with the unregulated broker you are at the mercy of the broker, and if they are not monitored then they can do anything they like.
It's the same as if you go to a licensed pharmacist and get a verified and tested drug or you can go to the black market and buy a drug with the same name, but the difference might be in the ingredients and one might help you other might have stronger side effects or even hurt you... So why would you go to a broker that has no insurance, no regulator, and worse trading conditions?

We are talking about a strategy that has 40+ pips average TP so it's not broker sensitive and even if it would be there are better brokers that have 0 spread on major pairs, therefore he could trade on bigger and safer brokers. This doesn't mean he can't trade on accent, but as proof he is legit he could open a secondary account on a more reputable broker and show proof there. It's easy to do it he doesn't even have to trade on it he can just connect it to the copier and trade from the master account... And I bet if he would do that he would have gotten 10x more investors...
 

oportunis posted:

So why would you go to a broker that has no insurance, no regulator, and worse trading conditions?

We are talking about a strategy that has 40+ pips average TP so it's not broker sensitive and even if it would be there are better brokers that have 0 spread on major pairs, therefore he could trade on bigger and safer brokers.
 

you are right at first sentence i mentioned. so why investors would go to there? why they go there and then complain?
vfsc is 'no regulator' you think? let's discuss which regulator is good for you and why? because i think they are all the same, one country or another, what's the difference? its just our personal feeling who do we trust and that's all

if brokers have 0 spread, how they earn? how they can be possibly honest giving 0 spread? paying money for mql license (as you mentioned earlier), paying for everything just to give a platform, website, etc and how this a-book brokers earn?

Mathias88 posted:

oportunis posted:

So why would you go to a broker that has no insurance, no regulator, and worse trading conditions?

We are talking about a strategy that has 40+ pips average TP so it's not broker sensitive and even if it would be there are better brokers that have 0 spread on major pairs, therefore he could trade on bigger and safer brokers.
 

you are right at first sentence i mentioned. so why investors would go to there? why they go there and then complain?
vfsc is 'no regulator' you think? let's discuss which regulator is good for you and why? because i think they are all the same, one country or another, what's the difference? its just our personal feeling who do we trust and that's all

if brokers have 0 spread, how they earn? how they can be possibly honest giving 0 spread? paying money for mql license (as you mentioned earlier), paying for everything just to give a platform, website, etc and how this a-book brokers earn?

Yes, you can trust the UK (FCA), EU (ESMA, FINMA), Australia (ASIC) and USA (CFTC, NFA) those are proper regulators, that you can trust. All the rest are not properly monitored and therefore the broker under such 'regulators' are just on paper, no audit, no visits nothing to protect traders in such jurisdictions.

How does a broker earn if they offer 0 spread? Easily they charge commissions... You can also reduce the cost of commission if you use rebate programs. But just to know brokers pay about 5$ per 1 million and they charge us 5-7$ per 100k, so here is how they get paid... On standard account, the spread is 0.5-2 pips and there is again how they get paid. Brokers always get paid, the difference is if they overcharge and widen the spread in their favor and cheat against you. Hard to prove, but if you trade for a long time you can and you can complain only to proper regulators, they will at least investigate.

 

oportunis posted:

Rafael posted:

togr posted:

vortexz posted:
Why all good traders use bad brokers? I don't get it

Oh common
Good traders of course use good brokers
You mean fake traders use fake brokers.

Nice comparison ) but when I checked reviews for brokers I saw bad reviews for any of them, it's impossible to be good for all traders.

Yes but the difference is if a broker is regulated you can complain and if they don't solve the problem regulators steps in, while with the unregulated broker you are at the mercy of the broker, and if they are not monitored then they can do anything they like.
It's the same as if you go to a licensed pharmacist and get a verified and tested drug or you can go to the black market and buy a drug with the same name, but the difference might be in the ingredients and one might help you other might have stronger side effects or even hurt you... So why would you go to a broker that has no insurance, no regulator, and worse trading conditions?

We are talking about a strategy that has 40+ pips average TP so it's not broker sensitive and even if it would be there are better brokers that have 0 spread on major pairs, therefore he could trade on bigger and safer brokers. This doesn't mean he can't trade on accent, but as proof he is legit he could open a secondary account on a more reputable broker and show proof there. It's easy to do it he doesn't even have to trade on it he can just connect it to the copier and trade from the master account... And I bet if he would do that he would have gotten 10x more investors...
 

We are talking about strategy which has FAKE results
Not replicable to another account nor broker...

Rafael posted:

togr posted:

vortexz posted:
Why all good traders use bad brokers? I don't get it

Oh common
Good traders of course use good brokers
You mean fake traders use fake brokers.

Nice comparison ) but when I checked reviews for brokers I saw bad reviews for any of them, it's impossible to be good for all traders.

The phrase of the day 😉
In the world, there is no 'black' and 'white', there are 50 shades of gray.

MP_89 posted:

everyone has theirown concept of normality dear. if this method of market analysis doesnt suit you it doent mean this method won't suit another trader.
i have question for you. since you said market can change direction in a second after you just have to move away from pc. ok. its really possible. but will market behave differently if you trade manually?? won't it change the direction in a second???
think dear. think well before you answer me.

Oh oh yes, there are different concepts of normality, we see it here now...
We talked about 'learning how to trade by monitoring the ea', is it possible? So, if I have been on the airplane many times, then I am a pilot. Well, welcome aboard, dear friend 😎

Of course, I'm not arguing with the fact that the market can be dangerous even if you follow it all the day and night. After all, even planes sometimes crash and human factors are very important, but they sometimes allow you to make nonstandard decisions that will save the situation. The ea can do that?

Samuelkoi posted:

MP_89 posted:

everyone has theirown concept of normality dear. if this method of market analysis doesnt suit you it doent mean this method won't suit another trader.
i have question for you. since you said market can change direction in a second after you just have to move away from pc. ok. its really possible. but will market behave differently if you trade manually?? won't it change the direction in a second???
think dear. think well before you answer me.

Oh oh yes, there are different concepts of normality, we see it here now...
We talked about 'learning how to trade by monitoring the ea', is it possible? So, if I have been on the airplane many times, then I am a pilot. Well, welcome aboard, dear friend 😎

Of course, I'm not arguing with the fact that the market can be dangerous even if you follow it all the day and night. After all, even planes sometimes crash and human factors are very important, but they sometimes allow you to make nonstandard decisions that will save the situation. The ea can do that?

yes dear a properly configured advisor can prevent some actions, although in a different situation the human factor could have triggered and made a mistake. you don't know how you'll behave in a situation if the market goes against you sharply. maybe you close order right there, or maybe you panic and faint.
ea cannot panic, but ea can close order. 😉
so advantages are obvious as for me.


p.s. funny joke about pilot, i appreciate it, dear 😂😉😉

MP_89 posted:

yes dear a properly configured advisor can prevent some actions, although in a different situation the human factor could have triggered and made a mistake. you don't know how you'll behave in a situation if the market goes against you sharply. maybe you close order right there, or maybe you panic and faint.
ea cannot panic, but ea can close order. 😉
so advantages are obvious as for me.


p.s. funny joke about pilot, i appreciate it, dear 😂😉😉

I agree with you that in a critical situation humans can make mistakes. But actually we said that the EA would be good for beginners, which is absolutely unacceptable.
Moreover, the transition to the ea trading will not allow the trader to develop and even an experienced trader will lose trading skills after some time of using. Also, we said about with the increase in the number of eas, the percentage of losses for traders has not changed, that is, almost all eas are currently unprofitable.