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Thread: Recommended EA

  1. #11

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    Quote Originally Posted by funyoo View Post
    Hi fairylord and welcome,



    That's correct.



    See in the top, there is some informations about how is calculated the ratio :

    For the backtests : Ratio = (Total net profit/Balance)/RDD
    For the forward tests : Ratio = ((Gross profit+Open trades)/Balance)/RDD

    The results in green show the potential. The results in blue show the results in demo. If you see positive results in blue, it is a good point to multiply the tests with this EA and the respective settings available on the post.

    Thank you, Sir for your detailed replies.. I will go through those listed with potential status.

    Sir, just found that there are an Elite Group that seems no more free stuff from the great of Sir..Anyway, fairylord understands you are really helpful and dedicative in providing a lot of services and explanation...and you are alone...

    Just be great and continue to be great...this would be a successful forex forum, it has been...keep it forward.


    Cheers,
    Fairylord

  2. #12
    Junior Member
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    Oct 2009
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    Question Why can I not download the channel scalper files?

    Why can I not download the channel scalper files?:

    Attached Files vForce Like EA.mq4 (23.3 KB, 2511 views)
    StrategyTester vForce Like EA EU M15.rar (29.1 KB, 1452 views)
    vforce like ea eu m15.set (2.9 KB, 1695 views)

  3. #13
    Junior Member
    Join Date
    Sep 2009
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    Why can I not download the channel scalper files?

  4. #14

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    you need to be a elite member
    Quote Originally Posted by hongtubb View Post
    Why can I not download the channel scalper files?

  5. #15
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    Nov 2008
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    Midwest USA
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    Default

    Is there forward tests on the elite section EAs to see if its worth the price? Thanks

  6. #16
    Junior Member
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    From what I've read the best EA's make around 5% profit per month. There are some that come out and look excellent for a month or two but then do major damage to users accounts. How many EA's do you know of that are popular for more than one year? Real professionals trade manually and it really is the only way to go in the forex market.
    currency forex online trading - The forex trading courses and strategies that turned my account profitable

  7. #17
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    Question More explanation needed for the "Top" page & other pages

    While I'm new to Forex, I'm not new to trading.
    First, it would be helpful if the systems on review pages could be arranged alphabetically. Is that not possible for some reason?

    The "Top" page describes the ratio, but all the numbers have 2 digits after the comma. Isn't the comma supposed to be a dot?

    After many of the EAs there is a line of numbers. Is each number a different trader's result when he tested that EA? If not, can you explain why there is a series of numbers?

    Thanks.

  8. #18
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    To bbfss2006: If you found an EA that actually got 5% per month consistently without blowing up then many people would be jumping for joy. That's way better performance than commodity, stock, and hedge fund managers are paid millions to achieve. That's way better than Bernie Madoff gave investors with his Ponzi scheme, and people begged to give him money. I'd be happy with 5% a month with an EA. But you notice that with all his work and all the spectacular results claimed by commercial EAs the host of this website posted a while back that he himself is still not making money in Forex.

    Hey, I admit I'm new. But some things about Forex and EAs don't seem to add up. Maybe the hype about commercial EAs is false, and it's all being done to make sales. I just don't understand how these EAs can be that successful without being adopted by all the giant Forex fund managers and thus eventually losing profitability as everybody starts trading the same way. Maybe that does happen, I don't know.

    On the other hand, maybe these commercial EAs do work consistently without blowing up. It's hard to tell with all the different review sites and a lot of completely opposite results reported by traders using the same system.

  9. #19

    Cool

    >>conflicting reports

    It is possible that the many conflicting reports and opinions are precisely what keeps the market healthy. A healthy market has to have both winners and losers. If everyone agreed on the future price, then why would anyone buy or sell? The market is anything but efficient.



    MM

  10. #20
    randy1953
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    I really disagree it's not human nature if you got 5 a month then you want 10 and then 20 etc. Actually there is a EA that is a no loss EA one of the best if you just want 5 or 6% a month and that is the Robominer. My friend has one and for 2 years never touches it nothing and gets close to a 100% per year as his balance compounds. From my understanding what makes a successful trainer has little to do with knowing how all the fundamentals and Tech stuff work etc etc. There are many systems out there that have been proven for a long time. What makes a successful trader a person that has a set of good rules and never not once strays from those rules. Sounds simple but far from it. That is what makes automatic trading to me a better way to trade it takes the emotional element out it just does what it does 24/7. I happen to like martingale EA(s) why because I know how to work with them greed will take you out of the game faster than anything I know. Anyone can blow up a account with a martingale system but it takes a real professional to use one and always be in profit. And what makes the difference only the RULES folks.
    Randy



    Quote Originally Posted by SgtShultz View Post
    If you found an EA that actually got 5% per month consistently without blowing up then many people would be jumping for joy.

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