Welcome to my profile. I'm an enthusiastic trader since 2015, located in Bavaria near the alps. Started trading without education on real accounts. I took the hard way of experiencing losses again and again. Could manage nice profits after all. Since 2018 I prefer to trade with expert advisors mostly from mql5.
Some people are asking about my recommendations frequently. I can recommend to buy an expert advisor only if you understand how it is working. Take time to watch how it's working with the strategy tester. Watch authors signal. Proof if your backtest matches with live trading. Is it a signal on a live account or demo? Real money or cent account? Ask the other buyers about their experience with the product. If nobody wants to show you results of real trading - be aware, it can be scam.
I personally prefer safe expert advisor. Low but steady gains. Calculated risk. Don't use to many toxic strategies like Martingale, Grid and Averaging. They have no calculated risk. You risk always your whole account with them. Even if they have an equity stop its to high mostly. Are you really ready to lose 30% and more of your account? You need to understand how much your ea can loose in the worst case. Very important point.
Don't use many different expert advisor on one account. There can be an unknown negative impact. Even with calculated risk it can kill your account on a flash crash.
So far here my favourite expert advisor with calculated risk. I'm not in any relation with the authors and don't want promote. That's just EA's I personally use on live accounts.
1. Momentum Classic (Momentum and price action)
2. LCF Theta Vector (Self Optimizing indicator trader)
3. Candelabrum (Pivot points detector)
4. Real EA (BreakOut)
5. Forex Cyborg (Nightscalping)
The following EA's are with toxic strategies. Here you can loose your whole account. So why do I use them? Because I understand I can loose the whole funds but the gains are usually higher. You need to withdraw your profits from time to time and keep an eye on it.
The first two EA's are using Grid. I set the risk low. So the gains are low too. Once the DD exceed 20% I intervene, hedge the positions or add more funds. There is no general advise in such a situation. I also want to give a try with the AW Recovery System, which is also risky but working if you set it up conservative.
1. The beauty and the beast (four pairs - 0.2 - 0.5% risk)
2. Grid Hero (0.01 startlot per 3000€)
Here my toxic EA's which gives also the highest returns. Sure, the market is full of them but here are very big differences in quality.
1. Silver Plus Enhanced (Martingale)
2. Silver Line
3. Magic Dragon (Grid)
There are a lot of other good products on the market. Few im testing since weeks or months. I recommend to give them a try on a demo account for a longer period first. For the moment I'm not looking for any further eas.
Unfortunately I made also bad experiences with some authors here. I have to explain if you're using my rules you won't buy much scam. There is a lot of scam here on the market. Especially the top ten products are absolutely overpriced or just scam. I can not share my experience with these products and authors because I don't buy anything of this scam.
Nevertheless I can not recommend products from these authors:
He sells very dangerous Nightscalper with uncalculated risks. He makes magic about his sets which will fail all sooner or later. He will remove all signals after they fail. He promises updates which never come. And he is selling all products overpriced. If you're interested in Nightscalper based on RSI and ATR, choose the Hamster Scalping EA. Works similar but costs 5% only of Bobrinskys products.
Albert Samikov - Alexey Knodratyev
He is a kind person and very helpful. He offers BreakOut experts and shows amazing backtest results. The problem with his products is, the profits are absolutely tiny and the success of his system depends strongly on the broker and his execution speed. After one or two months his sets will fail because the market changes. The problem with the author is after that he will leave his community alone. Many unexperienced user will go on using his EA's and loose more. The author meanwhile removes his signal and disappear for a while.
Here a list about expert which I tried live or on a demo account and I can not recommed to use at the moment.
ATTENTION!! Albert Samikov, author of Enzo, is the same person as Alexey Knodratyev, author of Veno! Alexey left his project Veno and decided to sell a new version of it again under another name. After writing that in comments section of Veno he deleted this product and his account. Don't buy Enzo!