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

forex_trader_8139
Medlem sedan Mar 04, 2010
411 inlägg
Aug 12, 2010 at 03:58
Medlem sedan Mar 04, 2010
411 inlägg
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
Medlem sedan Apr 18, 2017
700 inlägg
Mar 14, 2018 at 12:09
Medlem sedan Apr 18, 2017
700 inlägg
Unfortunately, I have never seen any profitable EA for a long run; I see all of pro traders trade manually.
Medlem sedan Aug 27, 2017
875 inlägg
Mar 21, 2018 at 10:44
Medlem sedan Aug 27, 2017
875 inlägg
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.......
Mar 21, 2018 at 10:49
Medlem sedan Mar 21, 2018
13 inlägg
even with great backttest you still need to forward test

forex_trader_202857
Medlem sedan Aug 07, 2014
129 inlägg
Mar 21, 2018 at 11:51
Medlem sedan Aug 07, 2014
129 inlägg
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
Medlem sedan Sep 11, 2017
117 inlägg
Mar 22, 2018 at 08:58
Medlem sedan Sep 11, 2017
117 inlägg
I prefer to look on drawdown only.

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

forex_trader_458816
Medlem sedan Sep 11, 2017
117 inlägg
Mar 28, 2018 at 06:20
Medlem sedan Sep 11, 2017
117 inlägg
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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