Can't Find Any Profitable EA on MQL5 in past 5 years. - page 7
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are you good in coding?
dunno, why?
reality is crual.
It's possible to make good profits, if Volume and ticks volume are provided by brokers.
Even MQL5 got some gunctions to get the correct volume, NEVER, the brokers will let you access you to this kind of information
Also, MQL5 is here to help brokers to make money, not traders
Definitely brokers give them advertisement.
It is Traders that make money not EAs
Maybe we could take a look at that angle.
So Traders must learn the art of trading without EA and then use EA to implement the aspect of trading they are weak in.
By this I mean we can use EA to gather pips rather than relying on it to take profitable trades consistently for long term. This would mean for example that we observe the start of a trend on a chart for exampe, then we put on our reaper EA to stay in the trade and close the trade in accordance with predetermined profitable parameters.
Metaquote's customers are brokers, not traders. Traders are the product. You know what that means.
You can use eas (grid mode, inevitably) with very small lots and trade manually on the same account. thats what im doing with success. Also, eas ask for daily monitoring and sometimes you should hedge the positions yourself.
Anyway, manual trading is always the best trading.
I have never found a EA which can work with 50% accuracy. What's your experience please share with us thanks.
Take it easy. You just don't know the trick to every EA and trading.
The so called best EAs!! one need at minimum a larger account balance of let say $ 100 000.00 and be able to trade a lot size of only up to 1 in proportion.
When having such account balance one can use an EA which open minimum lot site of 0.10
Of Course you wouldn't want to be making between $ 360.00 to $ 3000.00 per month with such account, but I can reassure that is the norm for a well behave trader who take no risk or gamble while having $ 100 000.00 as a start up balance.
People think trading is easier making money and surviving/making a living. Trading is an investment and it should be a long term investment of 10 to 40 years. It shouldn't be a one night getting rich and make a living based on your day to day trading. If that is the case you will end up putting a lot of pressure on the thought of making profit so you can cover your month end bills. That is how most trader turn to be greeder and end up losing the whole invested capital after 3 months generally or after 6 to 8 months :-)
The best trading system is your knowledge, experience, your money management, your fearless of the market when you are 100% right about your entry point and exit point while applying money management that can't upset you if you lose a portion of your fund. your available margin level % play a big role when trading, your leverage of either 1:500 or whatever you have picked.
remember the market is like a sea, you never know when any storm/wave can occurs, it up to you on how you handle every situation when you are right/wrong, you have to take that firm decision on how you go on.
NB: successful traders analyse a currency pair several times through different timeframe and for several days before thinking of entering the market in a specific trend with an appropriated lot size ;-)
Not all currency pairs move at the sametime/same day. The market has it own way of communicating to you base on past price action " One can speculate the next move " if previous price action has been analysed properly.
The best trading technique is manual trading. Unless you have no time to trades, unsure about your trading skills and knowledge or have a huge capital within your trading account that your can't hangl manual trading, then you can rely on EAs.
An EA does what it has been learn to do, that's automation of a manual process.
"The evening star is a candlestick pattern which indicates a bearish reversal."
You guys need to understand that an EA isn't intelligent, it applies stupidly what it has been taught.
This evening star pattern is right in 72% of the cases, ain't a perfect strategy, if you would have stand in front of your chart 24/24 looking for evening star pattern to short, you wouldn't have done it better than the EA. Knowing it the coder using it must think about all the way to anticipate & overcome these lacks. There's a real work of research and testing across historical datas to perfectionnate a strategy, it takes days, months, years, whatever.
The EA is bad ? The strategy behind is bad.
Is it scam ? No, it's simple minded.
You'll find plenty of these simple-minded robots based on a simple-minded strategy grinding simple-mindly on markets, and yes they may eventually cost 100$ to a simple-minded customer.
Or have you checked out the comments in the section of each expert for sale?
Here really maybe 2% of people give what they're talking about.
Most want EAs that go from 500 to 1 million, and then complain if the sellers please them? Stupidity for stupidity.
If in the world of trading 20% a year is a good result and in forex you want 1000000000%, it is logical.
Very few think based on risk or an entire portfolio of strategies.
Buy one ea and tomorrow you are rich. Sure!
This is why you cannot. They sell you the dream but trading is investment, fleas make fleas, money is made with money.