Hi
I am looking for the opinion of some of the experienced people on here. I have programmed a simple EA, and it seems to work fantastic on a demo account.
I know trading live is different, but what I want to know is in what way is it different and could this difference have an effect on my EA performance ?
AND how common is it to create a profitable EA. I was looking at the results of the automated trading competition 2010, and the winner had a final account balance of @$77,000 from a $10,000 start. This is maybe my second month programming EA and by projection my EA would have won that competition, getting to over £1,000,000 in 12 weeks. So how common is it to create an EA that produces good results. The reason I am asking is that it seems too good to be true and I am worried I have missed something.
I can send this weeks account summary to anyone who is interested.
Michael
ps the reaon I say it could have been $9000 is that I missed £880 dollars while messing with the EA program and then today I turned off the MT4 to go to work and came back, and if I had left it on, it would have gone to $7,700 instead of finishing at $6,300.
** Also, this is a 12875 % increase in 12 weeks - although there are similar results in the automated trading competition results, it seems a bit too much for someone like me who is completely new to programming and MQL