Forex EA Trading - The Holy Grail or the closest we will get!

[EAMAD]

Hi All, I am interested in getting feedback on EA trading. I have long been looking for a portfolio EA solution, the 'blue sky' solution is,


-MT4 platform
-Initial account Deposit of 500 pounds
-5 accounts with 5 different Brokers
-5 instances of MT4 running on 2 hosted virtual servers (24/7)

I am looking for a 100% automated solution that generates around 30% compound profit per month.

As you can see I am going for a resilient setup an now looking for EA's to add to my collection.

I have tested a lot of the 'hyped' EA's out there, they do not deliver to the claim (certainly not without risk) but do to my surprise deliver profits!

Why am I doing this? - actually i want to pass on the setup to friends and family, knowing that with right setup and approach - Profits can be made that can amount to a second or even primary income.

Eager for your views, so far with my own experience and running 3 EA's I am turning over 25-30% per month. (averaged over around 3 months)


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Read about my adventures in trying to generate an income purely from EA trading - The Holy Grail? I am just after 20-30% growth per month. Forex Liberty Independent EA Reviews

[Blaiserboy]

perhaps you will share information as to which EA's you have found to be profitable and on which time frames.....

[EAMAD]

Hi, ok I think the link was removed, I have got a blog that is tracking the EA's and performance. Its a wordpress blog called 'forexliberty'. I dont think I am allowed to post the website here. [ [forexlibertyDOTwordpressDOT.com ]


Currently the best perfroming is FAP Turbo, using the ONLY the scalper strategy, 15 Min charts, on EURGBP and EURCHF. It is pulling around 30-40 pips a night.

[Blaiserboy]

I would be quite disappointed with that return for a night considering that a sling in the EurUsd on a 5 minute chat will return 30 to 40 pips..

[EAMAD]

Ok, the way I am playing this is as a completely automated strategy. So i dont do any analysis at all just keep the EA's running in the background. I dont watch the price action, the charts or the news - simply looking to collect some income at the end of the month.

Currently I have 3 EA's running, the scalper netting around 40-60 pips a night (usually over 5 or 6 trades), the EURUSD day trading EA and the final one being a longer term EA, which takes around 2 trades a week. Collectively on average netting around 300-400 pips a week.

I am happy with that!

[Blaiserboy]

I admit that if you can admit a few hundred pips in a week without having to watch the screen............. good choice...

[johnnykanoo]

check out pipforia dot com they have a nice robot that earns at least 10% a month but most months its well over 15% the largest drawdowns seem to be at worst around 12% I say seems coz i never use the recommended mm i usually use more aggresive lot sizes. i will say honestly you will need at least 5k to run pipforia and definatly need a vps coz if your system goes down with open orders it could definatly kill your account coz it is a hedge grid system it opens lots of orders at once!!!

[BabyPips_class_of_2008]

Hello ... I am a newbie but I wrote a script that has done two things since I completed the program: 1) i got back all my losses ($16k) and 2) I am now up by $33k. My program has consistently made money since I let it loose on january 14.

I believe that this script is great (it is not an EA because I do not know how to write one).

look at my the stats. I attached 4 files, one taken on 1-24-09, the second taken yesterday, the 3rd, taken this morning and 4th, taken this afternoon.

you will note the sudden upward spike on the 1-24-09 file when I first run the program... it has been uphill since then.

check them out and look at the maximum consecutive wins for each file... you will be amazed.

babypips_class_of_2008

[PipPocketer]

Originally Posted by BabyPips_class_of_2008

Hello ... I am a newbie but I wrote a script that has done two things since I completed the program: 1) i got back all my losses ($16k) and 2) I am now up by $33k. My program has consistently made money since I let it loose on january 14.

I believe that this script is great (it is not an EA because I do not know how to write one).

look at my the stats. I attached 4 files, one taken on 1-24-09, the second taken yesterday, the 3rd, taken this morning and 4th, taken this afternoon.

you will note the sudden upward spike on the 1-24-09 file when I first run the program... it has been uphill since then.

check them out and look at the maximum consecutive wins for each file... you will be amazed.

babypips_class_of_2008

Congratulations. Are you sharing information on this script that you have or simply sharing the results?

[Ronn1709]

Originally Posted by EAMAD

I am looking for a 100% automated solution that generates around 30% compound profit per month.

Hi, have you tried MatrixNN? It provides me 20-30% each month with a drawdown of 10-15%

R.