Pls recommend forex EA for MT5

Pat494

Legendary member
14,496 1,541
There are so many EA systems on the web that it is hard to find a good one. Some don't work at all and some are free and some cost money.
If anyone has come across one that is either free or doesn't cost too much but is PROFITABLE then please post here.

The best so far in my search is the Macd one issued with the MT5 package which breaks about even.

tks
 

Lightning McQueen

Moderator
4,916 780
There are so many EA systems on the web that it is hard to find a good one. Some don't work at all and some are free and some cost money.
If anyone has come across one that is either free or doesn't cost too much but is PROFITABLE then please post here.

The best so far in my search is the Macd one issued with the MT5 package which breaks about even.

tks

of course there are so many of these ea systems out there. there are many, as your good self, who want and are looking for an ea. so it has to be that there will be plenty of vendors out there taking advantage of this need. all will look good in the back test of course, along with glossy promises.

I doubt they exist, from a vendor that is. anyone who has written one that works won't be selling it, or giving it away for free, would they?
 
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the hare

Senior member
2,949 1,283
Finding a profitable ea isn't your problem, but its a phase everyone has to pass through
 

Vasco da Banana

Established member
699 121
The great thing about EAs is that something that 'worked' yesterday, last week, last month, last year, etc, might never 'work' again.
 

Pat494

Legendary member
14,496 1,541
I know a simple system that would probably work and keep working if only I could find a person to code it up.
Any offers ?
 

Lightning McQueen

Moderator
4,916 780
I know a simple system that would probably work and keep working if only I could find a person to code it up.
Any offers ?

if it's really simple system you may be able to do it yourself with one of those free ea online coding creators, I can't recall the name or where it is by link, but google ea creator and have a look, there are downloadable ones that are vended also.
 

the hare

Senior member
2,949 1,283
I know a simple system that would probably work and keep working if only I could find a person to code it up.
Any offers ?


Have you tried some of the forums that are more focused on EA development (we are no longer allowed to provide links to 'competitor' sites so I won't)

The problem is these places are full of mediocre programmers hoping to be given a profitable system on a plate (i.e. not really who you want to be working with) to hook a better quality of programmer you'll need to persuade them that you've put some effort into the strategy design. Most systems are far from adequately specified to the level they need to be.

If it works my advice would be to code it yourself, or failing that, pay to get a reasonable job done. Seriously, if you have the analytical skills required to develop the strategy, learning enough MQL or C# to hack together a couple if hundred lines of simple code should be easy enough to pick up
 

Hakuna Matata

Well-known member
357 209
There are so many EA systems on the web that it is hard to find a good one. Some don't work at all and some are free and some cost money.
If anyone has come across one that is either free or doesn't cost too much but is PROFITABLE then please post here.

The best so far in my search is the Macd one issued with the MT5 package which breaks about even.

tks

WTF have you been doing the last 9 years?!
 

Lightning McQueen

Moderator
4,916 780
If he's been here since March 2004, I wouldn't hold your breath.

WTF have you been doing the last 9 years?!

not very fair. he may have only just moved on from whatever platform he had been using. having just discovered new look and function of mt4/5, and asking all things relating to indicators, ea's and such as a consequence. is this not now ok in t2w land?
 

Pat494

Legendary member
14,496 1,541
not very fair. he may have only just moved on from whatever platform he had been using. having just discovered new look and function of mt4/5, and asking all things relating to indicators, ea's and such as a consequence. is this not now ok in t2w land?

Just so
If he is so clever why doesn't he suggest something , instead of being obnoxious ?
 

Vasco da Banana

Established member
699 121
I know a simple system that would probably work and keep working if only I could find a person to code it up.
Any offers ?

Every one of us would like to have an EA that could be just left running, generating compounded profits. Sorry to sound cynical, but if it's simple, then a) why is it difficult to code up, and b) is it really likely to work, unless it has extra human discretionary input?
 

Pat494

Legendary member
14,496 1,541
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I got this in the post. Having just been stung on another ( forex mtn ) I thought I had better check to see if anyone has tried them ?
 
 
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