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What is your criteria of a profitable EA?
Členom od Jul 20, 2010
7 príspevkov
Aug 11, 2010 at 23:48
Členom od Jul 20, 2010
7 príspevkov
Hi all, share your thoughts here on the criteria of a profitable EA. Do you used DD, PF or profit trades (%) ?

forex_trader_8139
Členom od Mar 04, 2010
411 príspevkov
Aug 12, 2010 at 03:58
Členom od Mar 04, 2010
411 príspevkov
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
Členom od Apr 18, 2017
700 príspevkov
Mar 14, 2018 at 12:09
Členom od Apr 18, 2017
700 príspevkov
Unfortunately, I have never seen any profitable EA for a long run; I see all of pro traders trade manually.

forex_trader_432070
Členom od May 23, 2017
37 príspevkov
Mar 14, 2018 at 13:58
Členom od May 23, 2017
37 príspevkov
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.
Členom od Aug 27, 2017
875 príspevkov
Mar 21, 2018 at 10:44
Členom od Aug 27, 2017
875 príspevkov
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.
keeping patience.......
Členom od Mar 21, 2018
13 príspevkov
Mar 21, 2018 at 10:49
Členom od Mar 21, 2018
13 príspevkov
even with great backttest you still need to forward test

forex_trader_202857
Členom od Aug 07, 2014
129 príspevkov
Mar 21, 2018 at 11:51
Členom od Aug 07, 2014
129 príspevkov
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
Členom od Sep 11, 2017
117 príspevkov
Mar 22, 2018 at 08:58
Členom od Sep 11, 2017
117 príspevkov
I prefer to look on drawdown only.
Členom od Mar 07, 2018
12 príspevkov
Mar 23, 2018 at 13:07
Členom od Mar 07, 2018
12 príspevkov
drawdown is very important. A lot of traders hide bad results by keeping trades open in a big drawdown

forex_trader_458816
Členom od Sep 11, 2017
117 príspevkov
Mar 27, 2018 at 06:36
Členom od Sep 11, 2017
117 príspevkov
But most trader like to take high risk setting because very limited deposit.
Členom od Mar 27, 2018
12 príspevkov
Mar 27, 2018 at 13:40
Členom od Mar 27, 2018
12 príspevkov
My criteria - Buy low + Sell high!
Členom od Apr 18, 2017
659 príspevkov
Mar 28, 2018 at 06:11
Členom od Apr 18, 2017
659 príspevkov
Wingandprayer posted:
My criteria - Buy low + Sell high!
So, how you determine low and high level?

forex_trader_458816
Členom od Sep 11, 2017
117 príspevkov
Mar 28, 2018 at 06:20
Členom od Sep 11, 2017
117 príspevkov
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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