Do EAs really work??

[nedo]

Does anybody use a robot that produces them constant profits over a long period of time ?

[goldylox]

yes.

Be prepared to put in a lot of work though. It is not a shortcut.

[dudest]

yes.

Be prepared to put in a lot of work though. It is not a shortcut.

Hi Goldylox,

Any specific EAs you have in mind?

[goldylox]

Hi Goldylox,

Any specific EAs you have in mind?

That is the work part. Most are EA's I developed.

Of ea's i am currently testing Forex Robot from stevehopwoodforex.com is doing ok. It would be a good place to start.
here are my demo results.
Mt4-102507 Forex Robot System | Myfxbook

[Haley12]

Some robots produce profit but I have doubt that these help to make constant profit for a long period of time. Even though what do you mean by "a long period of time"? Is it one month, six month or one year?

[nedo]

It just seems that new bots are coming out all the time.It seems like the older bots are out dated. If I buy an older bot is it a waste of time, must I spend $$$$$$ gaining and losing by trail and error..

How well do they perform over a course of a year.

[legacy15]

If you are buying a robot from a stranger online, you probably will not fare well. But as far as Expert Advisors in general, it's a great tool to use to automate your strategies.

My advice is create the strategy yourself and then automate it. If you need a place to start, check out this article: http://www.fxengineer.com/content/in...ng-system-128/

[sngerge]

Check out zulutrade.com
lots of results to show.

Some EA profit and some EA losses

[EDDY MO]

Check out zulutrade.com
lots of results to show.

Some EA profit and some EA losses

true but I've also noticed that many traders manually intervene as well to smoothen market oportunities that the EA sometimes miss. i suppose thats the secret why most of zulu-traders are quite good.

[nhasanbd]

Yes
EA can replace human work needed to trade manually and can calculate very precisely
But it works only on given logic.
If the EA has a profitable trading strategy it can make more profit than manual trading as it can work 24 hours a day 7 days a week.