Are there any good reliable EA out there?

I would agree to stay away from Martingale in its standard form and I have personal experience of that!
However, in this case it is incorporated into hedged trading, uses the concept but adopts an opposite principle the Martingale uses and resets to initial lot size at a low predetermined level. Long term testing has shown that the new mathematical thinking in this approach is working.

do you know any ea that can do that mathematical thinking.Im looking for an ea that will tp on base on balance profit.

I write my own EA’s (I was a C programmer in the 90’s). I discovered the simplest EA’s yield the very best results, however, you have to let it do it’s thing. Take the market right now. Look at gold$ and others. Chop-chop. No strong direction. [B]Patience[/B] is the main ingredient. We love to be in the action, so too many trades are entered and then closed too soon.

  1. Use a more simple system
  2. Do your analysis based on past results
  3. Have confidence that past results will be repeated
  4. Implement your simpler EA @ 10-20 cents/pip for a month

Except for initial testing, I do not recommend demo accounts because the psychology is so much different.

I’m completely agree with dennis681. Yes Eas work
Some people don’t trust in them, but don’t forget that in forex there’s not guarantees…there’s not a system 100%reliable.
I think there is a problem, not with EAs but with some traders. Some people take a high risk to generate high win rates automatically, cause people like to win"" …If you think that with a simple “click” you’re going to be rich, you’re wrong. That’s not the way.
You must be very careful, and adjust the risk setting to your account, and study the drawdown that your account can support, the history of the signal, the best stop loss … That’s the way to trade with autotrading

I’m not sure what this means: “tp on base on balance profit”. Can you claify that a bit please?

tested trades good on a heavy reqoute spike ok. ea close one close all.

means take profit on all open order by this ea. can’t upload platform pic

Re Grid, Hedge & Marginale Bigor is seeking, I do know of one that does all that and is not a black box system. Also the Martingale is limited in the levels it can run to and the developer has tutorials running that demonstrate how to trade wheneve that limit is reached, which would be a few times a year.
As its mathematical there is quite a bit of maths involved for those who like the detail and the developer, Bob has been happy to discuss with serious traders.

It does come over as a serious trading tool for more experienced traders, but one that does seem capable of 70-100% per annum returns. For some that is not very exciting but I reckon its pretty good when professional traders who are full time are looking at 30% as their target for a good year.

Thanks bigor; that’s a bit more clear. Still not sure… Anyway, every EA I have written will auto close an order based on TP or reversing candles or some indicator. Is that what you mean? Also, an EA can close a trade as soon as it makes a profit, but that would not be efficient. Feel free to ask another question if I still don’t understand your original.

Trading a martingale would be a death sentence. I think it’s better not to trade at all than trade a martingale.

A martingale would, but not a modified one that a) allows it to only move up x levels and b) has a defined plan on recovery if the last set level was reached. That has been done and traded to prove the process of reset in action with a steady growth in equity in standard trading mode and in reset mode back to pre drawdown stage.


I look in here every 2 weeks or so. And I would like to throw my 2 cents in.
I had a guy approach me through twitter said he had an EA and he wanted to give me a 2 week trial. So I agreed to it and had to open up a demo at Fxdd because the EA works with microlots. So I set the demo account for the Exact amount of money that I have at Oanda. Which is $4840. Long story short it doubled my account in 4 months. It’s a breakout system that has 3 take profit points and goes for 70 pips moves. It is a martingale that starts at .01. Its not on a doubling martingale though. It goes .01,.02,.03, .05 .09 etc… It has a moving stoploss after each tp is hit. The EA is pretty smart. It’s called Isolav’s Breakout.

best ea so far is probably growth bot.

oh and betty, please stop promoting rubbish martingales.

seems interesting ea but can’t find it

wouldn’t say it’s that interesting.

Which is really interesting is creating a portfolio of EAs, because one EA that works nice suddenly can turn bad… and that’s because the situation of the market is changing constantly

I totally agree with xtraction on this one! Even the top currency forecasters seen on Bloomberg, people who manage budgets of hundreds of millions of dollars get it wrong quite often. They use top notch forecasting technologies and charts costing millions and yet they can be wrong quite often…even more so a system EA or not that costs only $100, $500 or $1000! Nothing beats manual trading unless you’re a scalper! However, a platform like NinjaTrader for ex, which has a quite good automatic strategy builder and requires minimal programming skills allows you to built EA like strategies with a decent degree of accuracy!

Can someone help me out here, I want to put fapturbo52 on my live account and i really need to know who has tried this new version which is suppose to be very good and does anyone have any good setting in mind?

fap 52 is bad even on demo can’t make it this ea can’t handle reqoute. Try fap 50 with reverse trade 1
no need to buy this ea

Already bought the ea a while back but contrary to popular opinion, i think with the right setting, it can work for a decent profit. A gentleman with user name Jason(or something like that) on the fapt forum came up with a good setting a long time ago. He is no longer on the forum but i would like to know if anyone here has something as good.