Hello,
The best profitable trading robots are robots that can trade all types of market, either range or trend.
I love your reply Chris.
Am actually doing something similar, some months in now and my strategy is similar. My EA trades all markets, what is is doing? I made it pick out only small gains, lemme give an example it trades 0.40C profit each opened trade, how it works, when a trade is opened it only seeks for 0.40cent profit. Repeats the process, now if a trade is taken and let’s say news kicks in, after a while in the new direction, EA takes another trade, factors in running loss, adjusts TP to cover 1st trade and targets 0.40 for new trade, it opens up to 10, from my setup, and no more once against me. No martingale lot increase as I see most EA setup does that and lot increases blows up Account. Now on a pair each day if I close 5 trades, that’s 0.40 * 5, then add all pairs I use about 16 to 20 pairs, that’s like a 100 trades daily, then I repeat same on up to 10accounts, the gains look small but it’s daily growth crazy enough if I say stats you’ll be shocked. Change your perception of trades and act accordingly. Daily If a specific Account trades 100 trades, 92 of it are profit, 8 loss. Then compound this by X number of Account doing same. This has been my formula, and trust me it works. I still trade manually but I just do that to keep in touch, my main trades runs automatically.
My EA has the ability to martingale, I don’t want that. Switched that part off too. Am okay with it just doing TP corrections and closing off that. But I can say this with happiness that price corrections is the best thing to happen to all markets.
News events too, they almost certainly close trades running long for me mostly, so even news event isn’t a bad thing for my trades. We all need to change our perception of automated trading and we’ll get it right.
For me not dwelling on a single trade giving me $1k or £3k but rather compounding the power of repeated success in cents per trade is what keeps me going daily.
There are drawdowns, yes, up to 55% for me but those trades aren’t lost until closed and they always close in profit for me.
Note I use a VPS, it’s the essence of making any of this possible. This trade style won’t work for all, but if patient it’s been the best trade style for me.
Final tip guys, no matter how little you start, ALWAYS USE A MICRO ACCOUNT ON EA!
Then only will you be confident of the system.
Am available for questions, if my tip worked for you remember to help a fellow trader too. Don’t be swayed by the belief that your broker makes cash when u lose. Lies, they only survive when you as a trader survives, your spread and swap charges is very valuable to them. So don’t be afraid of those charges embrace them, take your cut and everyone ends up happy.
Hope to hear from all if my tips helped!
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Greetings Tuta
This technique that you’ve found sounds really promising. Would you mind elaborating further on how your EA picks trades and executes them. Thanks 
Hello Lienk3,
Honestly I don’t know how it does it. Am not an EA programmer myself, it’s an off the shelf EA I bought online along with a lot of others. If you noticed I didn’t make mention of any EA name, so am not endorsing anyone. I shared a general idea on another way to look at auto trading EA. I’ll generally suggest that if you have already owned EA that’s okay, even if optimized for a specific market, you can apply my general rule.
- Make it seek out small gains each trade or if it already does that then leave as it is.
- Duplicate same system across XXX number of accounts.
- Use the minimum lot size possible on them all, allow them do their thing.
- Minimize drawdown as minimum as possible on each account.
- ALWAYS USE MICRO ACCOUNT ON EA. (This is always in caps to stress how essential it is)
- I learnt something new along the line on mine, trading a lot market at once has a lot of drawdown, reduce it as much as possible to a max of 5.
Now let’s do a simple math to calculate potential.
If this technique is done on 10 accounts, and EA on each closes $1 per trade with a lot size of 0.01 on 5 currency pairs that’s about $50 each on a trade. Now if only 10 trades are taken daily, that’s $50 each X 10 =$500 closed on that day.
Let’s now take a minimum daily max of $500 above and multiply by 23 days a month that’s about $11,500 that month.
Let’s still now multiply that by 12 months and we’re looking at $138,000 a year on auto trades.
Go figure!
Remember, account number can be increased and market closed also can be more daily, so do your math accordingly and see for yourselves.
Remember the top 6 rules are essential to survive too. Oh, use a good VPS too, that helps a lot on this kind of automated system.
I hope this helps us all.
*Sidenote:
Am available to test new EAs and optimize too if you have any.
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Yes…but.
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Your algo(s) will only work optimally based on the charts you’ve backtested on and the market conditions the algo(s) were subjected to.
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RISK MANAGEMENT This is the part everyone overlooks or doesn’t spend nearly enough time developing. You could have a bot that simply flips a coin on the daily candle and still be profitable if your risk management is spot-on.
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Understand the computer & algo is stupid. You have to literally tell it step-by-step how to do everything explicitly. It will not understand pattern recognition like a human and so your rules for entry & exit have to be very detailed and data driven.
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Backtest, backtest, backtest, backtest, backtest, run on practice accounts, adjust, backtest, backtest, more practice account.
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EA/Algo/Bot live with real money should have a 51% or greater win rate, a Sharpe ratio of 0.8 or greater (Ideally 1.0 or better), and a profit ratio of 1.0 just to show some profits over time.
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Expect to update & adjust your algo with market conditions. If it were set-it-and-forget-it, quants would be out of a job
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do not martingale, it’s a gambler’s tactic and would only conceptually work if you had a 50% win rate.
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do not buy an EA unless it’s one an experienced and proven quant is building for you personally
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accept small & regular returns, it’s not a get-rich-quick machine. It will generate passive income or can monitor your portfolio while you sleep. The latter being best for quality of life when trading crypto & FX.
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Risk management is it. Notice my point 4.
I have EA with a Sharpe ratio of 6.4, that one was made from my trading technique, trading indices. I don’t see me playing with that, I even want to optimize it more. I was sharing tips on how else to view Automated trading that it can be fun.
Do love point 3 though. Algo is stupid as F. A data driven approach is key to any trading strategy. Nice pointers though.
We’ll all get there, A.I EAs I heard are a thing now. Need to see one in action to learn a thing or few from em
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It definitely works. In fact, it may be the only thing that consistently works for some people. However it’s worth keeping in mind that nearly all the scripts/code for a given system were made by one guy with one idea. There are potential points of failure in the idea, and in the code. If you can’t look at the code you will not know what those points are. If you don’t understand the system it was based on you will not know what those points are. It takes only a few weeks to get good enough at MQL to make an EA but it takes decades to get really good at coding. It takes only a few days to make trades but it takes decades to get really good at trading. How many people are good at both? How many EAs were designed by master traders and then coded by master coders? I’m sure they exist but you’ll likely never see one unless you put in the time to DIY or are working within an organization that is building one.
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How did you get it or where from can you advice please
Sure do i have been running this for 3 years on Auto Pilot. 2000+ trades and low Drawdown of only 14%
Happy pips!
I am taking same path too.
As an Mql4 programmer of EA’s, I’ve coded 3, the first two failed. The third one is a hit and has proven longevity for over 6 years. So the answer is, Yes, if the EA is programmed correctly. No, if it isn’t. Secondly, no-one in their logical mind would sell an EA if it generates substantial income on their live account.
Therefore, if they’re selling it, ask whether or not it’s an EA that they’ve personally used on their live account for over 2 years. If the answer is no, the EA isn’t profitable and they’re just trying to find a sucker to sell it to.
If the answer is yes, then the next question would be, “If it makes money for you, then why are you selling it?” That’s a question these scammers cannot answer.
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mind showing us the image from a detailed statement? that would be nice to see.
It’s not for the faint of heart in regards to the noticeable drawdown. However, I did program it to function this way purposefully for my own personal reasons.
that is a backtest.
have you traded this bot, either demo or live?
I don’t feel comfortable displaying my live account on a forum. I prefer not to attract that type of attention to myself online due to the fact I was a target for a hacker at one point. However, I can show you additonal backtesting results if you wish. I don’t trade on demo, so I don’t have that information either.
backtests are mathematics delusion.
i dont want to see em.
backtests are complete nonsense.
Ever heard of “Tick Data Suite 2”? Not all coders deploy the same backtesting methods.
if backtests meant anything… believe me… the big dogs on wall street, they would have teams of phd’s wrestling with those backtests… but they dont…
go ahead… go apply to some big hedge fund and tell em that you have a backtest…
they will have security escort you out of the building…
i promise.
i tell you what… you take that system bot that shows six years worth of good trading… and you place a trade live here with me watching… and i will watch your trade crash and burn.
backtests are garbage, they are no indication of future price movements.
Well, of course Mt4’s backtesting functionality is unreliable. Learned this years ago. Hence the reason why I circumvent it.
Regardless of anyone’s opinions though, I live a comfortable life, I’m very happy with the income my EA’s generate. I don’t answer to anyone, I don’t ask anyone for anything, I go where I want, purchase what I want and am in control of my entire life.
That’s the difference between a Coder with over 10 years experience in Forex, who eat sleeps and breaths it and others. Go view my YT channel, where I show proof of one of my accounts from whence I took $100 and turned it into $19,000k+ “Tradadice” is the name of the channel. 
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