You didn't post a topic yet. Let us show you how to make your first topic and upload your favorite forex robot. Guide me

Skip to forum content

Login with Facebook

Login with Username and Password!

     Username:       Password:  Login

Register  |  Forgot Password?

 

The latest topics with attached files (Forex robots, Forex Indicators, etc..)

Forums in this category with details of Replies, Views, last post

new member is here

by ShakEel Ashiq

TrillionPipsEA

by Lau Fran Albuquerque

Blessing 3

by saeeds92


[ Closed ]

Pages 1

You must login or register to post a reply

RSS

Posts: 2
Please rate this topic
Current rating: 0
Votes: 0

Embed topic to your site

EA's DO work

Topic: EA's DO work

The main reason an ea does not work, is because it was made by someone who doesn't know the basics of risk managment in Forex, OR, they do and they let the bot take extreme risk to inflate the account to entice people to "buy" the ea and make their own money. I am not against selling well made ea's, though I managed to get my hands on a few costly ea's, and they failed terribly, and 90% of them fail terrible on back testing.

There is this idea that backtesting doesn't work, it absolutely does, it is testing the automated strategy on past market conditions, you could argue that it does not represent future market conditions, this is partially true, but what else do you have to analyse? You have to backtest, it is a necesity for developing an EA, then you move on to demo account testing.

I opend one ea in particular to view the code, because it claimed to be "zero risk", and in backtesting it did really well. The EA MAYBE had 20 or 30 lines of code, probably half of that was whitespace. After testing this ea on a $1000 demo for one day, the account lost 99.9%, it busted.

Though I am currently copying the signals of an ea, I do not have access to the code, just the autotrading signals. It has ran for a week, it has over %50 profit. Starting with $1000 account. It has a risk of ruin rating, in losing 10% of account balance of 0.01%, meaning it is very unlikely it will loose even 10% of account balance

This is an exceptional EA, and I really want to see the code or at least an explanation of how it works.

I believe, the best EA's are very low risk, with very high "z-score"(ability of trading system to generate wins and losses in streaks), they must also be able to at the very least be able to perform well with a low starting balance of $1000, if they can build a balance of $100 this is even better.

Share

Re: EA's DO work

have you tested this ea buddy? does it really work? i too want one of the best ea and searching for it.

Share

Posts: 2

Pages 1

You must login or register to post a reply

Last Posts

  • 17/06: Does anyone have QT Indicator?
  • 17/06: cashflow - MQ4 file (expert advisor)
  • 17/06: Really Profitable EA 50-100% monthly
  • 17/06: new member is here
  • 16/06: My EA ichimoku
  • 16/06: EA LAU albuquerque - MQ4 file (expert advisor)
  • 16/06: TrillionPipsEA
  • 16/06: Assar Ultra©™ High Frequency Forex Scalping in 2018
  • 16/06: Non-Lag Inverse Fisher of RSX indicator
  • 16/06: Ubat 5.0
  • 16/06: Blessing 3
  • 16/06: Aggressor3_Great EA
  • 15/06: Afraid of losing money
  • 15/06: Trading decision after analysis
  • 15/06: Hey guy free EA for your test
  • 15/06: Infinity Scalper indicator
  • 14/06: Assar V11
  • 14/06: 1200 EA file in on folder for free
  • 14/06: How to select god broker?
  • 13/06: Universal One Min Scalper - MQ4 file (expert advisor)
  • 13/06: success in the forex market
  • 13/06: Risk & Money Management.
  • 13/06: Forex Trader.
  • 12/06: XTX Expert 2.0 backtest results 2015-2018 starting @3k
  • 12/06: forex grinder EA
  • 12/06: ole$ya-PRO EA V.1
  • 12/06: MT4 Account Management Service-Minimum Balance: $100 usd
  • 11/06: Secure Trading Life.
  • 11/06: Forex broker is a big deal.
  • 11/06: Capitalism Market.
  • 10/06: Forex for the freelancers
  • 09/06: Freedom to work
  • 08/06: Forex Bolan Grinder indicator
  • 08/06: 10K $ to 750 Million $ in 10 Year 69% Win. Should I put this EA Live ?
  • 08/06: How to improve your trading skills?
  • Hot Topics

  • ASSAR v8 (1042)
  • Scalper_v5 (free) (720)
  • A highly profitable Ea (465)
  • FX Magic Robot - Verified Live Working 3/13/17 (458)
  • 2000 pips daily (451)
  • ASSAR V9 (Trend Breakout Edition) 2017 Expert Advisor (417)
  • spartan bolt V6 (414)
  • Assar_03_EA (391)
  • ASSARV11 [EXCLUSIVE] ACTIVE MEMBERS ONLY! (274)
  • Forex Earth Robot (249)
  • Trade-Arbitrage EA (248)
  • xmt scalper (227)
  • Forex Math EA free for Mt4 (180)
  • Super Signal Scalping Profit Statement (178)
  • Rabbit3 £100 start Zero to Hero Updated EA (167)
  • Fracture 7.4.0 (156)
  • high profit EA (151)
  • SCALPER PALING JOSS EA is a Holy Grail (150)
  • New to forex? (148)
  • Ilan Expert Advisor for Metatrader 4 (136)
  • EA SmartAssTrade. (133)
  • Monster Profit Forex Robot (123)
  • WayGrow EA 1.7 (111)
  • scalperstarkpro downoad free (price 90 dollars) (92)
  • FX Magic Robot (91)
  • IceFX TraderAgent Pro EA v2.5.1 (86)
  • Profitable GBPJPY EA (true results) (85)
  • Unbelievable EA (83)
  • Hedge Expert Advisor (63)
  • 100 pips profits trading (63)
  • Good EA 2017. Free !!! (63)
  • Magic Fx Formula indicator-V2 (61)
  • Best Indicator That No Repaint!!! (61)
  • BAR EA V5.1 (60)
  • hello (60)

  • NOTE: Hacked or other illegal versions of copyrighted forex robots are highly prohibited on MT4talk.com. If you upload any illegal version of any copyrighted forex robot, your forum account will be banned. No exceptions.

     

    Forum statistics

    • Total number of registered users: 19,519
    • Newest registered user: nnamdy6286
    • Total number of topics: 10,978
    • Total number of posts: 36,351

    Copyright MT4talk.com Forum Rules - Privacy Policy.