zupcon
Experienced member
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The closest you'll get is one of the sites such as collective 2, and even then you'll only be looking at part of the picture.
The whole concept of evaluation is a can of worms in itself, just look at the distribution in performance that you'll see reported at any forum where people play about testing these things. You have to ask yourself which exactly is the unbiased result, the guy who made 30% per month or the guy who blew the account when they both use the same EA same settings but starting at different times
That scenario happens all of the time, add in a few more variables and the concept of unbiased evaluation kind of goes out of the window, which of course is a perfect smokescreen for vendors to hide behind.
pippero
Junior member
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- 2
I develop EAs and tradign systems for clients on request -- one thing I can tell you is that most everybody is looking for trend following systems, which have a barely acceptable performance over the long term. Sometime they hit a home run but the rest of the time they bleed money. Countertrend/mean reverting systems are generally the way to go if you ask me -- especially for forex.
But anyway, automated trading is really best left to market makers . Use your discretion if you can.
But anyway, automated trading is really best left to market makers . Use your discretion if you can.
rols
Experienced member
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pippero
Junior member
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1) because they ask for it.
2) I work for market makers as well. They call it algo trading and it is based on a totally different model.
Anyway, I was just implying that you can make better money using discretion. You can still make money with trading systems.
here's a screenshot from one of the best EAs I've been commissioned -- thats 4 years of trading.
enjoy..
Attachments
Re Best Ea
you should join the group on Facebook "Finding the best Forex Expert Advisor" people buy and review EAs and also post statements on their personal blogs - doesn't get any more unbiased than this
you should join the group on Facebook "Finding the best Forex Expert Advisor" people buy and review EAs and also post statements on their personal blogs - doesn't get any more unbiased than this
£10kLoser
Established member
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I've just looked on facebook at 113 posts on FAP turbo. Most of them are just waffle and only about three real money tests showing $7 profit for the week, $37 for one day and some small loss for the third. It strikes me non of them really work and it's just a lucky few that show a profit at that particular time. Some others have huge losses...
I have yet to see a test I've believed that showed a profit over any length of time but I've seen several that have wiped out accounts.
I have yet to see a test I've believed that showed a profit over any length of time but I've seen several that have wiped out accounts.
UKtradergirl
Established member
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If you really must look into buying and using EA's then Free Forex Trading Community With Forex Signals And Broker Reviews has a lot of reviews, as well as highlighting obvious scams.
really this is BS
well iv been looking for info on these EAs today and it has to be said you are a very supercilious.
You and a few other forum trolls seem to think you are something special, with nothing better to do than bait people on these forums.
although i agree people should have there opinion i find your contributions take it that bit further you make yourself look like nasty piece of work.
i know you wont be able to resist yet another rude post, so please go ahead and prove me right
well iv been looking for info on these EAs today and it has to be said you are a very supercilious.
You and a few other forum trolls seem to think you are something special, with nothing better to do than bait people on these forums.
although i agree people should have there opinion i find your contributions take it that bit further you make yourself look like nasty piece of work.
i know you wont be able to resist yet another rude post, so please go ahead and prove me right
£10kLoser
Established member
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Well, kmthor, what a silly little person you are! I'll be rude for UKtradergirl.
EAs don't work and none have been shown to make a consistent profit. They are sold to people who want to get rich without making any effort and that's just not possible. In they end, they all empty your account which is about what people with that attitude deserve.
Get rich while you sleep? Dream on...
EAs don't work and none have been shown to make a consistent profit. They are sold to people who want to get rich without making any effort and that's just not possible. In they end, they all empty your account which is about what people with that attitude deserve.
Get rich while you sleep? Dream on...
lmao ... yet another one... did i say they work... did i say they didnt... no i merely said i was looking for info. yet another troll jumps on the bandwagon.
you don't have to make yourself look silly for her she does a good job herself.
why cant you leave these people that want to try these systems alone they haven't asked for advise from you just want to help anyone else using EAs.
do you feel affronted by them? or is it just ignorance?
just because they don't trade the same as you doesn't make it wrong, its not your money so why worry
i haven't got a clue what you do or if you trade and i don't care but, i bet if you posted regarding something you have done or tried to help people and got flamed non stop you would be a little peeved .
my point here is live a let live yes have your opinion but constant flaming on something you in reality know nothing about is childish as is you post
you don't have to make yourself look silly for her she does a good job herself.
why cant you leave these people that want to try these systems alone they haven't asked for advise from you just want to help anyone else using EAs.
do you feel affronted by them? or is it just ignorance?
just because they don't trade the same as you doesn't make it wrong, its not your money so why worry
i haven't got a clue what you do or if you trade and i don't care but, i bet if you posted regarding something you have done or tried to help people and got flamed non stop you would be a little peeved .
my point here is live a let live yes have your opinion but constant flaming on something you in reality know nothing about is childish as is you post
rolfwidmer
Newbie
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- 6
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Here are 2 links to sites testing EAs; this helps a lot in validating published performance data.
Automated Forex Review
Pip Cop - Forex Robot Reviews
Rolf
May be You should try their trial version first. Do not used any EA cause it is reviwed by others. I just can say if you find someone to sell EA whithout a trial version, mostly they scam. Then just compare their backtest result with your forward test. Finally it depends on you to decide to use it or not.Maybe we should not risk another money outside our trading account.
I can offer you an honest look at FAP Turbo through my blog: FAP Turbo Reviewed. However I do promote this EA on my site. That aside i update it daily with my live account results and do my best at being unbiased. All i can say is my site isn't primarily a vehicle for making money. I'm primarily a trader and reviewer of trading products, I'm not out to sell you anything you don't want.
I am developing a EA for myself which is wrritten by a MQL4 programmer, I have received the EA yesterday, and as the EA is not fulfil my requirement, he need to have some amendment on it. Anyone in here want to back test it for me. I will back test it myself. It is because I want to imporve the EA. If you are interested in it, you can PM me. I hope everyone in here can success in Forex Trading!
rathcoole_exile
Guest Author
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and the info is, they don't work !
yes they have, that's precisely why they came to T2W and other forums !
there's only 1 person who has made themself look silly here
well it's a trading forum for traders. if people with experience want to help newer traders to avoid unnecessary losses, isn't that a good thing ?
you've accused 2 experienced long-established members of T2W of being trolls, just because they offered constructive advice based on experience.
I suggest that you, 6-post wonder-boy are the troll.
And your whole attitude (which by the way, belies the statement "live n let live") demonstrates why you are born to be one of the 95% losers in this game.
I see you've not been back here for some weeks and maybe you won't be back at all. But just in cas you do pop back I thought it a good idea to mention that you're a complete w@nka@
lancenicolase
Active member
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I can do some beta testing as well. I already have the EA set up on a couple charts.
RBfx1. I also wish to run a forward-testing of your EA on my demo account of Fibogroup.
I think we should verify the forex brokers to see if there is any big difference in the results or not.
Please kindly add me in your testing list of this beta EA.
RBfx1. I also wish to run a forward-testing of your EA on my demo account of Fibogroup.
I think we should verify the forex brokers to see if there is any big difference in the results or not.
Please kindly add me in your testing list of this beta EA.
