To find EA's with a real "Edge" in it's entry logic, we must find out if an EA is really capable of placing entries at the right timing, meaning that it mostly hits the target before it hit the stoploss. (With TP = SL)
Ok, a lot EA's seem to hit the target before it hit the stoploss BUT if we look better into this, then most of the time this is because the stoploss is put further away than the target, or more dangerous, there is no stoploss at all. Although these kind of EA's can show a very nice growing balance curve, in the meantime the open loss can grow and grow and once it hits the stoploss it eats the profit away resulting that it is not profitable in longer run or even worse, it blow up the account. If we would take a coinflip EA (which enters purely random) and we would make the stoploss value much bigger than the target value it can show the same (dangerous) nice growing balance curve and doesn't even have any timing logic for the entry. (No "Edge")
So in my opinion, what we really need to find is a profitable EA with the Target set at the same value as the Stoploss, this way the chance that the target gets hit is the same as hitting the Stoploss, the only factor that makes it profitable and thus hitting the target more often is a good timed entry logic. (Ofcourse in practice there is a negative influence of the spread, slippage and eventually tradecost, to reduce this influence we could for instance trade on a higher timeframe so we have a relatively bigger TP/SL, or eventually offset these costs in the TP/SL)
When such "TP=SL" EA is profitable and also in the longer run, then we know that the entry logics are timed very good and we can say that we found a real "Edge" for our entries.
Funyoo, perhaps it is an idea to create a topic in your Elite area intended only for EA's like this, that include an extern parameter with one value for both SL and TP, so where SL=TP so that we are able to optimize this parameter to find the best TP=SL for a certain EA and TF, and maybe we can find one that is profitable in the longer run. For longer run it would be preferrable if the "TP=SL" can be dynamic (Adaptive to volatility).
It sounds so simple, but i think it is very difficult to find a profitable "TP=SL" EA.