Parabolic work under any conditions in the market.
EAs are work! I have made 10000 demo dollars with EA!
Instead of buying some EAs out there, I’d prefer to invest my money on EA builder or EA generator, where you can create your own unique EA, and test it ASAP.
This kind of tools is really a time and money saver in my opinion.
Because the important thing is the strategy behind the EA, not the EA itself.
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Cant go wrong with fully automated sustainable returns 
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When buying an EA – checking that it is verified on a REAL account with a track record over a significant period of time is imperative…
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You definitely can’t argue with solid verified stats! Great returns
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that just reeks of manipulated stats to me, seen it countless times with unsustainably low drawdown and unrealistic profit
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Hi Samuel,
Great stats there over a long period, fully verified and live, cannot argue with that!
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MT4 strategy tester lets you do most of this, you can build up a good idea on back testing the data, and stress testing it in any time frame. In my opinion its only about 80% useful, it does not allow for slippage testing, nor does it allow for spread spikes in volatile scenarios so its always best to test forward and optimise with time.
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Also, to add to Sam’s point make sure the data used when backtesting is accurate and always forward (live) test on a demo / small live before using the EA on your main account… As backtested data can be manipulated. When I first started out I was backtesting an EA a friend sent me an EA that had amazing backtesting results but as soon as he took it live it just constantly lost trades…
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EA’s can definitely be useful as long as they are sufficiently backtested and you are happy with the mechanics
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Agree 100%
Do EA’s work…? Yes and No… I code my own EA’s (cBot’s) and Indicators for the Ctrader Platform.
Backtesting while an issue, is not as big as it seems… Why backtest an EA with data from 3 years ago… the market was different from today… it was behaving differently 6 months ago… 3 months ago…
When you visually backtest an EA (a new feature available in Ctrader 3.3) you can physically see the price action algorithm switching from positive to negative… generating a profit for a number of hours only for price behaviour to switch and attempt to take it all back… or visa versa… It’s almost comical to watch.
Those that program and backtest their work will know what I’m referring too.
Price action has two main modes… Trending or Ranging… A ranging algorithm will be smashed once a market starts to trend and a trending algo will be smashed in a ranging market…
Fully automated EA’s require code that can profit under both conditions, currently beyond my programming ability… but I do have cBots that can make serious returns in either of the two modes as discussed above, both profit from PA, spikes and negate slippage… effectively using price against itself…
They just need some carbon based intervention (Hybrid EA) when price action flips from one condition to the other…
I’m certain that seriously profitable EA’s have been engineered and are in use… in one form or another.
There is some seriously clever people playing in the forex space…
You will never hear or see them in this forum. It’s as has been said in the past… If you had the perfect money making machine… why would you tell anyone?.. Just keep racking up the profits…
My two cents…
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