I don’t think, profitable trading systems are available here and there! Making consistent money is not easy actually! I see, pro traders have a huge knowledge on technical and fundamental analysis! Besides, I have enough doubt on automatic trading.
1 Like
I have also very bad experience on EA trading! Don’t believe any Holy Grail trading EA or strategy, Holy Grail doesn’t exist here!
1 Like
I look at it the other way around, and would be amazed to find one that really works, because I don’t understand why anyone would ever want to sell one that really works?
It’s a common thing that demo account is best place for practicing. But traders trade here at all seriously? For that reason it is more appropriate for practicing micro account instead of demo. Thank you
It’s your choice peter. You can . but newcomer must avoid first of all to trade with real money . it can make them greedy and emotional. So I always prefer demo.
Exactly, same opinion here! Scammers mainly sell their trading EAs and systems.
ea is not a very effective instrument as the market is constantly changing. what worked once, won’t work within some time
that is the reason why I prefer manual trading
Absolutely, manual trading is much reliable than automatic trading! I have seen, a number of pro traders trade manually. That inspires me to do manual trading.
That’s the exact opposite of what most of the world’s financial institutions believe.
They’re all increasing their automated and algorithmic trading and employing only a fraction of the number of manual traders that they used to.
Their success rates are far higher than those of retail traders, so maybe they’re right and you’re wrong?
It inspires me to try to automate. But not with an EA!
If you mean automating your own strategies, it’s a great option, but it requires mql programming. I thought to get to it someday, but don’t have time for it at the moment.
Maybe, it’s really comfortable
So, what do you prefer? Copy trading or PAMM or anything else?
Not at all.
That would only be true if you used MetaTrader (which 99% of profitable traders don’t, and wouldn’t!).
Automation and MetaTrader don’t go together at all. That would put you in the land of EA’s. And they put you in the land of being a loser.
Hello, I’m trying to quote the post just above but I’m failing. This new forum layout is not very intuitive, at least for me 
My question for the post just above is then what is that platform that 99% of profitable traders use to do automated trading?
Nor for me. Most people here seem to dislike it.
If you highlight text in the post you want to reply to, a pop-up gives you the option to quote it.
I don’t know if there are just one or two that 99% of profitable traders use.
There are loads.
Very few people using MT4 become profitable, though.
Partly because people attracted to the kind of brokers who offer mostly MT4 are likely to lose anyway, for loads of reasons including the kind of broker they’re using, and partly also because MT4 is horrible.
It’s the worst platform I’ve ever seen, by a long way, and I’ve seen a lot.
Many successful traders use Sierra Chart.
Some use Ninja Trader.
Those two are both light years ahead of MT4, anyway.
Tx! Know I know how to quote 
Well, I consider MT4 the entry point for amateur retail traders. It is the only platform I’ve used with real money. As far as I know for Ninjatrader you need to purchase a license or subscribe to some service (not sure). I’ve tried the demo from Interactive Brokers which is really not stable, and not intuitive to use. The real money one is stable but I still don’t have the 10K to open an account with them.
Metatrader might have bad fame because the broker at the other side have (or at least had) the tools to manipulate the quotes (I think this is only when the broker takes the other side of your trade, not when provides access to the real market - ECN). But the solution is to find a trusted broker, don’t go with dodgy ones that offer promotions or are not under regulations.
Anyway, I think the point is that profitability comes with the strategy, not with the platform. I don’t have EA experience outside of MT4.
For me for the moment MT4 is a nice platform to use: easy to use, easy to code and as far as I know I have good execution times and tight spreads.
But I couldn’t count me as a solid profitable trader yet. A year ago I made 40% in profits trading manual. This year I’m barely breaking even and it’s driving my a bit nuts. What I’m trying to do know is to automate my strategy so that I get rid of some mistakes that I make from time to time (even when I’m really disciplined).
Aaaarg, I spent 10 minutes replying you and my text is gone! I reassert myself, this layout is rubbish. At least I think I know now how to quote.
I think that profitability comes with the strategy, not the platform, provided that you have nice executions, nice spreads and the broker doesnt scam you.
I’ve only used MT4 with real money. I think that to use NinjaTrader you need to buy a license or buy a feed service to have fresh data. I’ve used Interactive Brokers paper trading TWS which is completely not stable, and the usability is rubbish. The real money TWS at least is stable. IB has very nice pricing.
MT4 is the entry level platform to amateur retail trading, and it is easy to learn and easy to code for EAs (come on guys, MQL is basically C). I’m pleased with my broker which is ECN and provides nice execution times and nice spreads.
In a nutshell, a great platform won’t make up for a bad strategy. In the future, just to get great pricing for stocks (while keeping great pricing for Forex) I want to move to IB provided that I can code my strategies easily.
Yes, at the moment I am also using MT4. I will have a look at the other platforms mentioned like Ninjatrader. Will see if youtube has a nice review about them. I do have a problem in MT4, it does not let me put a stopless less than 8 pips. This is annoying, cause Im trying to scalp the market. Maybe one of you knows how come, well good luck pippin’ anyways 
Greetz
On a real money account (even in a demo one)? That is not right. You can place the stop wherever you want provided is below the Bid (when you buy) or above the Ask (when you sell). Is this using an EA? What is the error code that you get after the failure?
8 pips is a world if you are scalping. Are you sure you are not talking about 8 pippetes (1 pippete = 0.1pip)? It not right, unless you:
- a) are talking by mistake about 8 pippetes (0.8 pips). Remember, if you have a 5 digits broker (99% sure) the smallest digit is not a pip, it is a pippete: 0.00001
- b) you have a humongous spread (exotic pair or your broker is robbing you).
Any of those reasons might cause that your SL is falling between the Bid and the Ask, therefore the SL cant be placed.
Anyway speak with your broker. If you have a real money account (and maybe also with a demo one) they should investigate the issue and provide you with an answer.
That’s why I asked what do you mean by saying ‘automating’ trading, as I haven’t understood what do you mean exactly.
Hi, thanks for the reply.
It is very strange, when I place the stoploss too close (say 5 pips) to the current price, it says ‘Invalid S/L T/P’ and gives me an error sound. I am really talking about pips here, not pippetes. Only around 8 pips stoploss is allowed.
Also when I try to put the stoploss closer to the current price afterwards, it gives me an error sound.
I will contact my broker about it.
Greetz