I have been trading for 2 months and I have not used ea’s yet. What is your experience? Do they work? What type of ea’s do you use? examples?
Try using the seach feature bro. First but you WILL need to learn how to trade.
I have been reading a lot about trading and have trade by myself already. I feel comfortable with manual trading but I was thinking of trading with ea’s. Have you heard of any hedging ea’s. My account manager called me to tell me about some hedging account with ea and I just want to see what peoples opinion is on ea’s.
Lol don’t do it.
Getting an account that allows hedging is no problem. You can hedge to partially take profits.
But if you mean hedging and doubling up your position after a losing trade (also called martingale) then dont waste your time.
I probably won’t find any good ea for free… If you do, go ahead and post a topic about the ea in this forum 
I can assure you, if the ea uses martingale, its 100% bull**** wrapped in gold paper.
Yes my accounts manager from ironfx called me about a reverse martingale ea. It sounds like it has potential. Have you used martingale/reverse martingale ea’s before? why do you think they are not good?
Martingale is bad because it belongs to casino. It has nothing to do with real trading, just gambling.
If a system needs martingale to generate profit, its a gambling system.
Edit: I am bored right now so I made a quick example: The first result is from ea that buys at rsi 30, and sells at rsi 70, sl and tp 100 pips. Second test results is from the same ea but with martingale added - the position is doubled on every loss. It seems pretty good until the probability laws kick in - enough consecutive losses (5) and boom, stop-out.
Reverse martingle is as stupid as standard.
You double your lots after a winning trade… means you only need 1 loser to eat up all your winners.
I took your comments and I call my accounts manager with all your examples. He explained me a few things and he said that the reverse martingale will be used with the mirror account they have. He said that you can hedge in mirror account and in one of the accounts you have the bonus. I want to try it because I wrote examples and I think i will make profit but i want to see what you think. If i use the reverse martingale with hedging will this be better?
Get yourself another broker dude, your ‘account manager’ is, imho, more interested in getting commission out of you than helping you.
Hi,
iam trading eas since years and can honestly say there is no ea except marty or grids who are succesfull in the long run. With marty or grids you are able to make money in any market but you will blow your account sooner or later.
Non marty or grid eas are often working for some months until the strategy or parameters are not valid anymore. If you choose a good vendor you can download an upgrade but good vendors are hard to find.
Wallstreet EA vendor or Phibase are doing a nice support but if the results are worth to trade with such eas?
If i look at the actual results from Wallstreet EA i am not sure. Rayscalper v2 from phibase is doing well now but how long?
Some grids are doing fine for a long time now with a low risk. Take a look at drivegold or new drivegold special. I am trading drivegold special on my account after it was introduced some weeks ago. Also i decided to trade profitstream the new ea (signal) from dustin pass.
Cant say if it was a wise investment. Time will tell. If you need a real good signal and you have enough funds you should consider fx viper. Jeff is doing realy great with his trading.
I have bought tons of eas the last years and they are all in the dustbin now.
br
Mark
I assume “reverse martingale with hedging” means you will hedge your trades on the mirror account and apply reverse martingale there.
Here’s the problem… No matter what you do… you will always lose a little bit of money.
Example: (assume all trades 10 pips with 1 pip spread and $1 per pip)
Account 1 (std martingale): 2 losers = -$10 -$20 -2 pips spread means -$2 = -$32
Account 2 (reverse marti): 2 winners = $10+$20 = $30
Means you will keep losing $2 no matter what.
If you are using a grid, you will lose on spreads on both accounts.
Hope that explains.
Correct, my accounts manager tell me that I can hedge on the mirror account and use the reverse martingale. I understan your point, but my accounts manager tell me that I can use the bonus they give on the one account. For me as simple trader this works out that it is very difficult for me not to make profit. Add 100% bonus to your example above and you can see that you make profit. Am i wrong?
I want to say that I have completed some trades with this ea on my demo account and it look like I make profit so I think I will go to trade with my real money now and see what happen. Like before I say I think the reverse martingale in ironfx mirror account will be good for me. I need to test with real to make sure this is correct.
Hi Hamed, glad to hear this. It seems that EA is a tool that you can maximize your trading potential and it sounds fascinating that you can open one position manually and the hedging position is opened in a second account. Hope with your real one get the profit you wish. Keep us updated.
I have also give a try of this EA but only on demo and it works fine however i still have my concerns about going live and use it, it would be nice if you share your experience with us Hamed
Even EA require fine tuning and for that you have to be a good trader, so its better to trade yourself and develop your skills.
i trade with this ea on my platform. The reverse martingale ea it is good. i make some positions a profit and some i lose but overal so far I am win. I trade with a real account and I was told that a new expert advisor has been created for the mirror account. it is called double copier but i dont now anything about this. i will speak with my account manager at iron and i will let you now.
It’s a martingale system - DO NOT USE IT! Yes you will have great results but you WILL get stopped and blow your account, again DO NOT USE IT!
Nnnnnnnnnnnnnnnoooooooooooooooooooooooooooooooooooooooooooooooooooooooo!
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