Has anyone noticed that every profitable system on most web sites like zulutrade or autotrader ex. and contests are very profitable EA’s?? So there is some code out there that actually does work.
Profitable EA’s (or semi EA) do exist yes. The good ones are not for sell of course, because the developers use them themselfs.
Think logically: would you sell your own developed consistent good profitable EA?
Define very profitable? How do you know they only run that EA? How do you know that they are not managing losing trades manually to improve results?
There are many scripts that do work. I have some of them myself, but as Dutchtrader rightfully say so: why would you want to sell it if itis working?
Funny actually that EA searchers all assume that all profitable EAs are actually sold or shared and that if none is as profitable as expected that means that all scripts are rubbish…
I’m just a user of this EA and nothing else, so I gain nothing from saying this. I’ve been using the TrendTrimmer HedgeHunter EA profitably for over 2 years. Last year I made 55% profits. So far in 2016 I’m up 15%. It’s not get-rich-quick, but it’s steady. It’s not set-and-forget, but it’s close if you run conservative settings and fund your account properly.
It all depends on how greedy I am actually. Even if a lot of people were using the same EA the moves will be more stronger in the EA directions because there would be a flood of bears or bulls into the market at one time at the same time.
It doesnt have to be as profitable as long as in increases your account even by 1% per month with just one trade that more then enough reason to run it. That’s 1% more then you had before and seeing how most traders fail 1% is better the -99% which even myself have had. But im young I have plenty of time to keep finding what works.
Can I see your backtesting results on skype?
Considering that you have age on your side I advise you to come up with a system of your own and try to code an EA yourself. There are plenty of examples and proper documentation is available.
Relying on an EA to grow equity is like being a sugarbaby to a sugardaddy: you only get perks until sugardaddy is bored or lost his money. Don’t be a slave to stuff of others, make your own and understand how it works, that is the most durable way to make it in forex.
Think on your own, trade on your own.
How I see a EA is your trading strategy’s without the emotions.
The question was not clear to me, butI think this is your answer:
When coding your own EA you build it yourself the way you want, so you know it is your strategy. You ca build it to just alert you or to trade on behalf of you. So you can make an EA just to support you to identify set-ups and trade manually or to enter a trade and you exit manually or fully automated and let it run.
The last one clears out your emotion (as long as you don’t turn it off).
Were you looking for such a reply?
Do you happen to by chance be log onto skype?
I am online.
I sent you a request I want you to check out my ea using screen share. I think you can be of great help
I don’t have any backtesting results, only real trades. I’ve been trading using only the EA since early in 2014.