What really works?

The whole concept of an EA seems improbable. Why would anyone sell an easy way to make money? Nevertheless, I have to ask the question: What really works, and how can it be proven? Thanks

There is no easy way to make money, 1% inspiration and 99% perspiration. In the markets this translates to 1% EA and 99% experience and insight about price action.

Easiest way is to forward test it with a demo account.

Whats an EA?

An Expert Advisor (Trading Robot)

Lol....

The problem I see is there are opportunities every day in the markets but not everyone can take advantage of it, some will fail where others will win because everybody has a different perspective to the markets. This leads me to the trading robot, it is after all, a trading system designed by someone, if it works, why would one sell it? they would be better using it to make money instead. Maybe the system does not work? It could be just a selling pitch after all to make money unless one can use it for say a week to try it out, if it doesn't work, its not worth the money. The product should be guarantee to make money but we all know what the answer to this question is.
To prove it, one has to use it to determine its success but usually one cannot use it before it is bought, so if you were to buy it to test out, the seller would have achieved its aim and you would be left with it to test out, you will then discover the answer which you already know the answer.

Relaxing between trades

If you want an easy route then you will probably fail! Trading is bloody hard work and i wouldnt even say you get what you deserve for the hours you put in, as it even harder than that. However i have put every bit of energy i have into trading over the last 5 years and have started to really reap the rewards in the last few.

I use intraday, 1 minute relationship trading.

Has anyone got a robot that works? I manually place and exit everytrade and feel this has helped me become the trader i am today.

I am all ear's for an easy money spinner if thats out there If only!

I have an aversion to robot systems.
Some probably overtrade and most cost too much.
If you want to look into a site that has an "actual trader" behind it and appears to make money (recently 1200+ pips/month), I can point you that way. I am not promoting this operator but you can look up his site and make up your own mind. Not a robot and you have to place your own trades.
Leave a contact email on my message board

elvinagre said:

The whole concept of an EA seems improbable. Why would anyone sell an easy way to make money? Nevertheless, I have to ask the question: What really works, and how can it be proven? Thanks

Click to expand...

Hi Elivnagre,

The answer is in the question it self. They are information sellers and coders

If you go to a few forums you will see a lot of different methods or systems for free

What works for you might not work for me, what works for me might not work for you.

Get a demo account, look at the chart draw trend line might be a moving average or two

that is it. look at the chart and see if you can see the same pattern which is
repeating day in day out . Use at least two time frame one weekly the other daily, can be four hour and one hour. Find two and stick with it.

The bigger time frame for the direction up or down the other chart for your entry.
Stick with the same market until you can prove your self that your own system is working for you.

Good trading

I do not see anything wrong in selling a EA that works and works well. After all if a person put in hundreds or more hours of his own time and money then why not he deserves it. One good reason for selling it to create a forum of active users to continue testing other variations of the EA. Most times when something is free people tend to pay less focus then if they paid for it.

There are for sure EA out there that will give you 30% a month and more . The problem often begins with the user of the EA. Many users will blow a account because they have too much greed or they do not fully understand the way the EA works so they intervene. The magic of a EA is it does what it is programed to do.No emotions enter the trades. Remember the most important thing in any kind of trading is MM. If you do not have a good MM system it will not matter how profitable your EA is or any system for that matter you will some day loose more than you have ever won.

Using a EA is not as simple as it seems. If you do not use the EA right your heading for disaster.
Simple things like knowing when not to trade,which pairs to stay away from, making sure your starting lot is not too high, making sure you have the correct balance to run the EA.
If you just follow the above with a EA that is profitable you should be fine.Forward testing is the best for demos however demos are not live they do not have the same data feed so
you really have to get in the water and get wet to see.

Most of all really get to know your EA it's unfortunate but true that most commercial EA(s) out there to buy are nothing more than a cheap knock off of a real EA that is free. It's way to0 easy to decomplie and EA into a mq4 file and that is what most of these online sellers do.

Happy New Years
Nick