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.
The key is not to find THE EA, but a portfolio with several signals because one compesates the others in a market that is always changing. In my opinion that’s the key to trade profitable with EA
But then surely when one EA loses, and the other one wins, and then the other one loses and again, the other one wins…
you’re at break even.
minus the spread.
so you still lose out.
Oh, and the point I trying to make was…
No EA, or any “portfolio” of EAs will make you money long term.
Hi! well i think you should use an EA from any sites which also offer testing EAs like forexexpertonline dot com. So,try it and then uselect any Ea which suits you.
Well guys,
in my opinion EAs should be treated very very carefully. There might be a few ones, which make a lot money, but it will never be a one way road.
For me, the best strategy is to allocate my risk, by using a diverse portfolio of EAs and manual trading strategies.
I use 5 accounts, two with EAs an three with manual trading strategies. I would never rely on one EA to gain me pips.
Every strategy will have downswings, manual as well as automated ones.
So I think the key is diversity. Allocate risk by a wide spreaded portfolio.
Maybe some won’t agree with me, because they wouldn’t use EAs at all. I can understand these traders and it’s ok. But for some people EAs can take away their emotions from their trading.
All these wannabe traders, who want to tell me that all I need for making money is their EA, I only can say that there never will be a way to make money without having a certain knowledge on forex.
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I agree. At least the knowledge of basic forex terms is necessary. Οtherwise you can’t explain why you lost or earned money, what is to be avoided or what is to be repeated in your following trades.
Reviewing is a process that I use to apply once a week for my zulutrade’ s signal providers and the trades I have received from them. Would help many traders who don’ t manage by their own their account.
I am using an EA by “True Star FX” and getting fantastic profits with it… Highly recommended!
I figure what ever makes you money stick to it.
The key thing about EAs I have found, from my experience making several of my own, is they are more likely to be profitable if the follow very very basic technical aspects of the market that have a high probability of affecting price: support and resistance, fibs, round numbers, candle stick patterns. Forget MA, MACD, etc. You can often increase your profitability by increasing the time frame your EA works on. But once you reach 4H and 1D time frames, you might as well trade manually, if you have the time.
EAs also work well if you combine them with a little bit of analysis to assist it. For example, I recently made an EA which traded breaks of 1000 levels on the EURUSD, on the 30m TF. But I only had it trade in the direction of the trend, established by examining the daily TF. When I tailored the EA for the daily TF (breaking the 5000 levels), it was very profitable, rarely failing. The profits are less and take longer, but they are there. But who needs an EA to trade on the daily?
In my opinion, if an EA which one purchases makes back what it cost, I wouldn’t worry too much about it. If it can squeeze out some pips before its effectiveness fades, then it’s fine. EAs are like gizmos. They work for a while, give you some benefit, and then break down after a time and need to be replaced.
The fallacy is not in the method, but rather in the stubborn belief that the method is timeless.
Ian
I’ve been looking into the FAP Turbo robot, and I’ve got to admit, have garnered some mixed results so far.
I opened a demo account and attached it to that and also installed it on a little account, just over $1000
I set it to trade like a micro account so I wouldn’t be crushed, but with all of the volatility in the market lately,
I’ve got to wonder if it’s the market, or the robot. I think you should try a demo account with whatever robot
you use and go with that.
kampschror