Is there a free EA that works to just make a few dollars a day?

[VasilTodorov]

as far as i know there is no ea or person that can guarantee that you win any amount per day and i prefer to focus on my time

[eleanorkim]

@AmericanTrader

I don’t trust EAs.

I’ve backtested a few that gave good results, but most have a significant drawdown at some point and there’s no reason for me to risk a big drawdown when I only want to have the EA make me a few dollars a day.

I tried an EA today called “Smart Safe Steady”. Its for scalping, but my trades stayed open for over 2 hours. The expected profit from each trade was between $1 and $2. But it made me a $17 profit instead. I’ll try it again from time to time.

If I could find an EA that made me $500-$1,000 a year and run it on 2 or 3 pairs, I’d be very happy. that would still allow me to do my primary manual trading which has been going well of late.

Interesting perspective! What criteria do you prioritize when evaluating EAs, besides minimizing drawdown?

[AmericanTrader]

@eleanorkim

My rigorous criteria:

Under $50.
Able to trade with FIFO rules.
I don’t like volume or RSI based decisions.
That’s about it.