pc8multifx posted: ...I just don't wanna give the lurkers here an insight view of the successful strategy. There was a lot of work to do to make these EAs full adaptive to all market conditions...
I personally don't care if someone copies my trades, I make my return and you make yours, that's none of my business. There's plenty of money out there. I mean if someone asks me how I trade, I have no problem telling him that. See my props account's discussion page.
I looked through all your systems listed here, if you're managing accounts please be very careful with your transaction costs.
Well I guess what I want to say is, to each his own, but always be careful when you trade. If someday the EA stopped working, make sure you have the guts to turn it off just like you would do to a losing position.
It just shows how generous you are showing people how you trade.
I myself also have no problem showing my trading history as it's public, it's not like I'm going to lose in this market if someone else traded the same way I do.
And it's not like any one is going to be a successful trader just by looking at some random numbers in any one's account history, trading requires patience and experience to succeed, unless you are a lucky guy.
Anyway trading is not that hard as it seems and at the same time it's not that easy also, so I advice any newbie to be careful when trading and do not rush things up. 😎
Also I do not believe there is a profitable EA available in the public realm. Markets usually have negative expectancy because the bid/offer spread. So statistically, if your winning trades = losing trades, you have to be right greater than 50% to break even, in the long run. That's about what the best trader at Tudor can produce.
You also must overcome the volatility in randomness. Let's say your system has 70% win rate given win trades = losing trades. Giving certainties is 99.9%. N= log(1-.999)/ log(1-.70). solving this we get N=5.7. This number tells us that for every 1000 trades you will hit 1 stretch of 5 or 6 losers in a row AT LEAST. And trust me this will happen. Mathematically 99.9% certain it will happen. Check the systems page and read the reports of the top systems. You will see their win rate is very high, some 90% but at the cost of what? See their average win/loss pips. These systems will eventually run into a string of losses so great that their balance will be wiped clean.
So next time when you see a profitable EA, first check how long it has been in the market on a real account. Second check its average win/loss pips. Finally think for a minute, is it just experiencing short term volatility in a positive way?
Zoom out and go slow, try to figure out what the fed is going to do at its next meeting, try to catch the sentiment shift, look at how the market is reacting to certain news and economic data prints, look at where the money is flowing to, add to your winners and cut your losers, average in, this is my 'system'.
I agree, profitable EAs don't get published/sold to everyone..no reason to do this. They are used to generate signals for providers or to trade managed accounts. And on first place ofcourse for the private joy😄
You should probably try and get over yourself. The longest history you have there is 7 months? The LTC guys wiped out after 60. Nobel prize winners I believe. And you and a 3 man team using free old Metatrader have done what they and all their billions couldn't? Don't think so mate...
Markets loves guys like you. Lawyers love guys like you. Gives them work.
Elkart posted: You should probably try and get over yourself. The longest history you have there is 7 months? The LTC guys wiped out after 60. Nobel prize winners I believe.
Ummmm.... The LTC guys weren't that smart. They basically started with smart arbitrage plays then starting taking wild and stupid risks just to keep profits growing and then OVERLEVERAGED that. They clearly expanded out of their expertise and thought they were invincible (Dont markets always do what WE think they will?) - Their Nobel Prizes only made the suckers run to signup. The EA strategy was stupid. In the end the Feds had to give em 3.63 BILLION to cover the mess and total losses were 4.6 BILLION. This is who you're holding up as EA wizards!? [https://en.wikipedia.org/wiki/Long-Term_Capital_Management ]