Hello guys am a newbie though i ve lost my first live account ,i need a good profitable EA, to trade with anybody to help pls send to me and also the HOLY GRAIL TRADING SYSTEM. thanks
Are you ready to lose your second account as well???
I suggest you forget the EA, and focus on learning to trade yourself.
Cheers
So, you failed once and decided that you can’t trade and should use a robot. It’s not easy so you are trying to find someone or something to do the hard part for you.
Not to sound like a jerk, but my advice would be to give up on trading alltogether. You don’t have the mindset it takes to make it in trading.
need a good profitable EA? dont we all!
I agree with phoneix. Two choices, You can learn to be a trader, or not. There arent many other viable choices.
try the EA section of mql4.com there are lots of them there for free. Some have spectacular equity graphs. I like to play around with some of them at times, just for fun.
It stands to reason that if one profitable EA existed, in time it would exceed the available lots on the platform it was running. Some of those EA Robot emails look pretty convincing but common sense is not so common and that’s why people buy them.
YouTube is full of them.
Search Options “forex robot” results 1 - 20 of about 3,440
Actual results may differ… :eek:
Hi
- FORGET robot trading, there are no robots available to retail traders that will give you consistant profit
- FORGET someone sending you “the holy grail system”.
Holy grail systems consist of four major components
a) a sound trading system with rules that you stick to
b) sound money management
c) sound risk/reward
d) YOU, the most important factor
No two traders will trade the same system the same way. There are many simple and profitable “systems” available , both here and at FF.Find one that you like and one that has an active forum where you can ask advice. Trade only demo until you understand and are profitable before you go live.
best of luck
Dave
Not a fan of EA’s for the reasons already stated… best EA is your brain.
But in answer to your question there are two generally regarded as the best retail EA’s (if thats not a contradiction in terms :D). FAP Turbo for longer term trades and Ivybot for short to medium term. However and heres the rub… they are entirely dependant on the correct settings. GIGA… Garbage in garbage out.
I did a pretty good test of fapturbo, interesting results. I’ll have to dig up that stuff and post it.
do a google search for pipcop website for a look at real time live unbiased tests of various EAs.
Mike you may also like to visit ‘forex-vs-robots.com’. Looks and sounds a pretty straight dealing guy as these things go.
someone needs to create an EA that takes maybe 5-10% of the EA’s profit and that goes to the developer instead of paying an enormous amount of money for something that might not even work properly. also, thats prettu much like saying, if you dont make any money with this then you dont owe me anything. thats much more honest then some EAs ive seen before, some of which cost 500$ or more.
anyways i looked into EAs but realized that its better to just do manual trading. so id suggest just manual trading though im sure there has to be a profitable EA somewhere, but i havnt found it yet.
I can think of one bank that has one and its your side of the pond… Goldman… err… and I forget the rest. Maybe you could give them a call… be sure to pass it on in PM only. :D:D:D
lol leme consult my friend “the google”
ok is the bank called “goldman sachs”? only one my friend can think of but it doesnt say anything about an EA, must be secretive
very!!!
ya i just googled “goldman sachs automated trading” and i got links to an article where apparently someone tried to steal their EA info.
If automated trading works for big boys like Goldman Sachs for the stock market then why can’t a really good automated trading program be developed for forex trading?
I think its not so much developing a good EA, there seems to be several out there its more about constantly adjusting the settings which seems somewhat to defeat the whole purpose of an EA i.e. ‘set and forget’. Reminds me of the movie ‘No way out’ where the computer programmer says he has to keep an eye on the program or the picture will turn out as a baboon instead of the ‘bad guy’.
Here’s a crazy idea that breaks all rules about money management, but if turned into an EA could definitely be consistently profitable. Take any one indicator that has a decent record of success (RSI, MACD, Parabolic SAR, etc). Trade only one currency. For each trade, SL is 10 Pips, TP is 10 Pips.
Here’s how it works. Each time RSI crosses 30/70, or MACD crosses, or Parabolic SAR changes direction, enter a trade with a 10 pip SL and TP. If the trade is profitable, great. If the trade is a loser, then for the next trade, double the amount of capital risked. As long as you keep losing trade, keep doubling up, that way a winning trade covers all the losers and still turns profitable. Each time you win a trade, drop back to the minimum lot size.
I’ll probably take heat from all the experienced traders here at Babypips for suggesting something like this, its really high probability gambling instead of trading. But if I had sufficient capital, I’m talking 100K or more to trade with, then I’d definitely give this thing a go, trading only 1 Minilot to be safe.
that’s the old martingale system as old as the hills and it will blow your account in no time. Don’t believe it? then go try it on a roulette wheel or the flip of a coin etc.
Well this sux there was a thread in the EA section of baby pips that I got interested in. The EA had amazing results but the thread got deleted aparently.
Any poor soul deluded by the forex market. Worse still he expect everyone here to serve his fantasy.
Really? Hmm, I wouldn’t consider RSI a 50-50, it has to guess correctly eventually, but I guess your right…