What is your criteria of a profitable EA?
Aug 11, 2010 at 23:48
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12 Replies
Biedrs kopš
7 ieraksti
Aug 11, 2010 at 23:48
Hi all, share your thoughts here on the criteria of a profitable EA. Do you used DD, PF or profit trades (%) ?
forex_trader_8139
Biedrs kopš
423 ieraksti
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
Biedrs kopš
920 ieraksti
Mar 14, 2018 at 12:09
Unfortunately, I have never seen any profitable EA for a long run; I see all of pro traders trade manually.
forex_trader_432070
Biedrs kopš
40 ieraksti
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.
Biedrs kopš
994 ieraksti
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.
Biedrs kopš
13 ieraksti
Mar 21, 2018 at 10:49
even with great backttest you still need to forward test
forex_trader_202857
Biedrs kopš
129 ieraksti
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
Biedrs kopš
124 ieraksti
Mar 22, 2018 at 08:58
I prefer to look on drawdown only.
Biedrs kopš
13 ieraksti
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
Biedrs kopš
124 ieraksti
Mar 27, 2018 at 06:36
But most trader like to take high risk setting because very limited deposit.
Biedrs kopš
13 ieraksti
Mar 27, 2018 at 13:40
My criteria - Buy low + Sell high!
Biedrs kopš
718 ieraksti
Mar 28, 2018 at 06:11
Wingandprayer posted:So, how you determine low and high level?
My criteria - Buy low + Sell high!
forex_trader_458816
Biedrs kopš
124 ieraksti
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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