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Ever tried using a forex robot guys/girls? Tell us about your first-hand experience with EA's in the comments below!
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Most robots are just scams, very fast and many positions. which have excellent results only in the backtest with fixed and low spread and without commission. But in the real account, they always lose money. Some robots also use hedging or martingale, which can be profitable in the short term, but lose all capital in general. In my opinion, robots can be used more for testing strategies.
very wrong
I am developing one
Horses for courses. That is, robots are designed for specific markets. For example if you have trend following robot only put it on a trending chart and only trade with the trend. If the chart isn't trending don't put the robot on the chart.
Surely it's just the same as trading any trend or following any strategy. If it starts losing, then stop go back to testing until it trends back up again, then run on a live account once more. But yes there's always a risk. Monitor behaviour at times of volatility.
The only EA that works is the EA that you make it yourself using your own principles and approach that has been proven to be profitable.
I developed my own EA after 3 years of trading with decent profitability and I hate the fact that I'm still somewhat emotional when it comes to trading so I decided to code my own EA and it's takes a grueling 2 months for me last year trying to code it from scratch in MQL4 since I have little understanding when it comes to programming.
I finally did it but I have to tune it over and over again for the next months, and I proud to say that my EA finally beaten me in December in terms of profitabilty.
I would never share the code lol.
I have One working for 15years now and not selling It 😉
+ Keyword Is : money managment
Robots are weapon of the market and shouldn't be sold if profitable
They work but you have to make it yourself. No one gonna share a profitable one and that's why people think robots don't work.
3:20 big what !😂😂😂😂😂😂😂😂
it's not because the conditions change, but it is because the bot uses martingale strategy…
I hate to break your Youtube ego, but unless you're an Mql4/5 coder, you're wrong. If you don't know how to code a Robot like me, you can't speak on this subject. My Robot's consistent and profitable under any market condition; trending, consolidating, support and resistance zones, etc. And it returns 80%-100% ROI per year, and I will gladly prove this to you if you request.
OK let me leave this here, if you can program a bot that works on buy stop and sell stop then you have nothing to worry about.
Tell to Blair Hull and J.Doyne Farmer that trading robots don't make money xD
My opinion about ea is…ea do his work very well but we have to be carefull with setting..and when u set with high setting we also need to be carefull with high impact news that'll effect the currency…and we should standby more capital to covered the floating or off ea and cut it loss…
Hello sir
forex robot back testing vs demo vs live it comes same result??
Please answer i really confusing about the robot in market available
Please help me to find better results find please
Thanks
all you need is an ea that gets out of losses early and stays in winning ones for a long period of time 🤷🏻♂️🤷🏻♂️
Trading robots/ EAs are somekind of trading paradox. These trading tools could crash the stock market. If you put a big number of them online, the volume of trades opened and closed will give to much volatility to the markets and so. EAs will be profitable only when AI will be a thing. Good luck!
diversification is your friend even in automation. The two primary trading strategy types are mean reversion and trend following. Run a robot/ea for each and it will round out your equity curves and drawdowns assuming they are set right and work well
Thank you so much bro…your videos are really helpful in attaining forex education.
I will certainly agree with this fellow!
nice video, I also use automatic robot trading with great success on multistrategy-trading comp
Always backtest any EA extensively. Make sure to backtest on MT5 with 'real ticks' and 'ping' enabled to get 100% accurate market movement. MT4 backtesting is shit ….and will give you a false sense of a strategy working. Lastly, backtest on the server that you plan to trade on.
i have 2 EA, one is perfect and works well every day do hes profits in 2hrs and Stop. This one the ppl dont sell it. u invest and they get comition every months. the 2th one i have , is mine. and yeahh it cant be perfect . he dos sames how u show on graphics here. when the big trends comes and change i get so BIG DD… i tryed martiganala 300.400.500. 600 Pips. and forget.. is not sure like the 1º one. check more about HFT and u will see that theres some Perfect EA working and ppl make a Big silence.
Your out to lunch. We make money daily, weekly and yearly on a great EA
A few years ago, Goldman Sachs sacked 600 traders and replaced with robots. I’m guess their robots are working!!
Are the banks and big hedge funds using these? Surely they’re working ?
hi who is willing to share they robot with me as a trail run
Robots most definitely do work. However you do need to have a very good understanding of the strategy of the robot. Yo also need to understand how to optimise it. Granted there are many out there, some good, some not so good. I'm working on one right now which has given me some great results in back texting over a 4 month period with a 95% win rate and 6% draw down.
My friend, you really dont know everything about bot trading…You are only partially right..However some things you say are VERY true..
sir I have a question.is money in fires real. say you made a billion dollars in forex. and the money is credited into your bank account is your country going to allow you access to spend that money since a country is looking for forex reserves? I have experience where I traded automated and made over 700 billion pounds and the money got into my account and left again any thoughts?I actually had a short meeting with the bank ceo back then.
They work best in ranges not trends.
I`m sorry, you don`t know any thing about Expert Advisors. Complete your speech as follows:
Work with a robot you just designed yourself. Do not trust any of the robots on the market.
Before starting your adventure with FX and to limit losses, you should try the free forex robot, good luck.
Robots do work.
@3.19 big what lols, great video cheers.
At 2 mins it would just hit the stop loss??
I have mixed feelings on this. Doing very well trading om my own, but do sometimes feel a bot may save some time.
Don't bug one, learn how to program and create one yourself, its worth it in the end, believe me
:-)
That's why you set a 2% Appropriate lot size and SL , when it goes against you. Also trade Tuesdays Wednesdays and Thursdays
it would be better to use em only as an indicator so to speak, to go along with your analysis and not just lazily take signals from em
That's a good point. I am going to use what you are advising.
because people haven't heard of winning algos, doesn't mean there are none they do exist and are hidden behind closed doors. why would any successful programmer sell a winning algo, trading is the most systematic job ever if anything becomes good if we replace it with a robot is trading, humain emotion blow more accounts then a really smart algo (not EA scams)
Have to respectfully disagree. The typical gradual climb and big dip at the end on the chart is not due to market conditions changing, it's due to huge unsustainable stop losses that wipe out accounts in one go.
If your EA isn't built for all conditions but trades on all of them, then you've built a crappy EA. If your EA is set to only trade under certain conditions but still fails, then the algorithm needs to be tweaked.
Most EAs fail because they try to achieve too much. Simplify and narrow it down to trade in one or two very specific conditions with high precision, and you will see your EA start becoming profitable.
An EA inevitably fails when used as a shotgun. No EAs can out perform the eyes and experience of a seasoned trader when used in this manner. But it will outperform all manual trading when used as a sniper. Precise, responsive, and operates 24/5.