Million Dollar Pips EURUSD Diskussion

why no updated data?

romaniantrader posted:
An EA is the most simple way to blow up your account. They simply do not work...if they would the people who sell these garbage products would keep the EA for them and manage accounts , large funds ....making billions not trying to foul some people for 99$ .Why ????/would i sell to you my EA...my business when i can attract investors with large pockets and manage their money and earning huge percents of the profit i generate . This is a simple marketing business trying to sell a product that do not work. I have profs to sustain my words. I tried most of the EA ( experts advisor) on the market and they all good to blow up your account and let your broke.I am a programmer to and there is no such things that predicts patterns in market , because of the simple reason that the market is unpredictable because is alive and a consequence of each trader thought beliefs actions.
Don't expect to make millions with a shity thing you bought online for 99$.
Sorry for my aggressive tone and all but i hope with this message to help some people not to spend their money and time on ea and other things you find online and think it's going to make you rich.
Forex is a very difficult market to trade and if you don't have determination money to lose and years to spend learning you should reconsider twice before starting.
There will appear people that will say i make money on forex ....ok very good for you ...but for how long ..is it constant ...how many accounts you have blown up before..
 You should consider yourself a forex trader if you succed to maintain your account and have profits for a period of more than 5 years. Everithing beside that is practice....
I wish luck to all people that read this message and are thinking to become traders on every market....have patience, determination learn hard and the succeeds will come with time.

I read a comment about forex EA somewhere else and feel it is right. EA is like a car, good forex EA is like sports car Ferrari, normal forex robot is like normal car.

No matter what, it needs a driver (the right setting and trader).

Example, have you seen any car on road driven by computer?

Even driven by human, accidents happen.

Thus forex robot needs human supervision. Sometimes you need adjust take profit, stop loss, etc. same setting can't last forever, just like you can't always drive your car at 10km/h or 200km/h. You need see the road condition (market condition)

Problem is no people can know what is best setting for the forex robo.

I myself use a forex robot before named FOREX transporter. Initially doing good in ranging market, later account blown up in trending market. Thus, if i understand how it function,I might Only trade in ranging market

Currently i am experimenting on Blessing (a free FOREX robot) from www.jtatoday.com. It is well documented and explained how it functions.

erekit, you are right.
An EA is as good as an human trader because both are winning and loosing money. Human traders perhaps a bit slower but at the end an loss is an loss.
As you mentioned you are experimenting with Blessing, I did a while ago. What I can say is that Grid&Martiangale is high explosive to your account anyway, the aggressive doubling lotsize style Blessing uses will blow your account sooner or later.
But try, no problem, perhaps the developed an different ea now...

I use Hedging, Grid&Martingale but Martiangale is softened by only getting higher lotsize with normally 4th trade. There are a lot of things to watch for and testing out this one took me quite a while.
Anyway, trading it within an clients account since May last year I perform between 5-10% gain p. month easily. For this I opened last month an demo too because as i said this is within an clients account.

my demo is here:
https://www.myfxbook.com/members/Quick100/volks-fx/455766/ZkcHLMmDMMfDZHRx1ZHs

if questions for more proof please pm me

and same system but using 2 scalpers for higher risk and of course performance
https://www.myfxbook.com/members/Quick100/fx-s/450533/QRTWVN5gc9fpJwGmwF5C

I agree with you @erekit i'm using my own EA on real account. Even all my calculation for my EA can be done by 'set and foreget'. But your sentences make me always beware, specially during Friday.

me agree too. So this MDP is discontinue right?