Put here your EA failures & successes

[Pat494]

MT4 Eur/Usd unless stated otherwise. Tested on Sept/Oct 2015


Tictoc H1 can't test
Market FXGen M5 Started in profit but had substantial DD....................+462
---- " ------ M15 -------- " ------- +37
---- " ----- M1 ---------- " ------ X
Silicon Phoenix H1 no trades X
Blic H1 won't work with my spread X
Algo Trade soft H1 no trades X

 

[Pat494]

The EAs may have been updated since I had a look. The purpose of this thread is to explore the EA area of trading for a profit. We can save each other some money here.
I have 6 sides of foolscap pages of tested EAs. If no one is interested I won't bother to post any more ?

 

[NVP]

My greatest success is steering clear of them !

 

[sun11]

Does small time framed EA really works in long run? I wish to know.
I have one EA though which works in higher TF & backtest shows profitable..
but i don't have enough capital to run it...:-|

 

[Pat494]

Does small time framed EA really works in long run? I wish to know.
I have one EA though which works in higher TF & backtest shows profitable..
but i don't have enough capital to run it...:-|

What is the name of your EA ?

 

[Pat494]

Smart Plows - wrong spread
Big Rebate - big losses over 6 month period
Mr. Schmid - lost
Easy & Fast - didn't work
Lighthouse - no good
Price Breakout Pattern - no good
Monster Harmonics - losses
Rainbow Trend - no good
Pro 4ex - no good

 

[trendie]

whats the definition of failure?

Does the underlying EA have a bias, eg, is it designed for mean-reversion, or trend-following?

When the EA fails, do you mean it had a random distribution of wins/losses all the time, or did it have a winning streak followed by a longer losing streak?

Rather than dump the entire EA, could you make a meta-analysis decision that an EA is more suitable than not?

For example, if you had an EA that had a mean-reversion bias, you could enable it on a chart where you thought it was in a range, and disabled it if the price when beyond certain parameters.

I think some people are looking for an all-singing, all-dancing, win-all-the-time EA.

A little bit of analysis and effort, and maybe some EAs, when used appropriately, could work.

So, when you say "fail", can the analysis be more specific?

 

[Pat494]

whats the definition of failure?

Does the underlying EA have a bias, eg, is it designed for mean-reversion, or trend-following?

When the EA fails, do you mean it had a random distribution of wins/losses all the time, or did it have a winning streak followed by a longer losing streak?

Rather than dump the entire EA, could you make a meta-analysis decision that an EA is more suitable than not?

For example, if you had an EA that had a mean-reversion bias, you could enable it on a chart where you thought it was in a range, and disabled it if the price when beyond certain parameters.

I think some people are looking for an all-singing, all-dancing, win-all-the-time EA.

A little bit of analysis and effort, and maybe some EAs, when used appropriately, could work.

So, when you say "fail", can the analysis be more specific?

Fail = makes losses regularly over a 6 month period. I am keeping the winners to last. Some win on one instrument and lose on others.
Some are better on different time frames. Complicated.

 

[Pat494]

Elliott Wave.....( H1 ) ..........nothing
Brazil..........(H1)......did well until a draw down
Tractor........(H1)..........nothing
Fractal .........(M15).....loss
FX pump.......(H1).........loss
I love forex........nothing
Batman.........nothing
Stealth.........nothing
O1 Huge Trend.............losses

 

[trendie]

Fail = makes losses regularly over a 6 month period. I am keeping the winners to last. Some win on one instrument and lose on others.
Some are better on different time frames. Complicated.

Ah-ha.

So, after the bad stuff, there is a final reveal of things that do work!
That will be most interesting.

Do these EAs come in readable form, ie, the code is readable, or are they only as executables? (.ex4)

 

[Pat494]

Ah-ha.

So, after the bad stuff, there is a final reveal of things that do work!
That will be most interesting.

Do these EAs come in readable form, ie, the code is readable, or are they only as executables? (.ex4)

The geeky lot can probably tweak some up in Metatrader.

 

[Pat494]

I will go straight to the point rather than mess about with the losers.
There is an interesting MT4 EA which on back testing for 2015 makes a huge amount of money.
This EA can be located on the market tab of MT4 and it is called Algo Trade Soft. On back testing for 2015 it appeared to make nearly S50,000 on a starting $10,000 with a draw down of under 10%. Not bad you might say but are these figures from an optimised system and unlikely to repeat themselves ? Plus the cost of the EA is an exhorbitant $30,000 !

Too pricey for me but what do other people think ?

 

[trendie]

I will go straight to the point rather than mess about with the losers.
There is an interesting MT4 EA which on back testing for 2015 makes a huge amount of money.
This EA can be located on the market tab of MT4 and it is called Algo Trade Soft. On back testing for 2015 it appeared to make nearly S50,000 on a starting $10,000 with a draw down of under 10%. Not bad you might say but are these figures from an optimised system and unlikely to repeat themselves ? Plus the cost of the EA is an exhorbitant $30,000 !

Too pricey for me but what do other people think ?

did you check the system over 2013 and 2014, to compare with 2015 results?
how many trades overall did it take?
whats the distribution of wins over losses?

does it rely on getting the perfect entry? or does slippage remove the edge?

will have a look over the next weekend.

 

[Pat494]

did you check the system over 2013 and 2014, to compare with 2015 results?
how many trades overall did it take?
whats the distribution of wins over losses?

does it rely on getting the perfect entry? or does slippage remove the edge?

will have a look over the next weekend.

I'll have another test of it.

 

[trendie]

I'll have another test of it.

Is it a generalised EA, for any market, or is it marketed for a specific market / index / fx pair?
Just wondering what the results would be like for other markets?
That is, does it rely on a pair with tight spreads? etc.

 

[Pat494]

I cant get it to run before 25 Feb 2015. Here is a snip.

 

[trendie]

I cant get it to run before 25 Feb 2015. Here is a snip.

I will give it a run-through over weekend.

 

[Pat494]

It only runs on Eur/Usd - suspicious imho that it has been optimised for only this pair.

 

[Pat494]

I will give it a run-through over weekend.

Looking forward to it

 

[sun11]

What is the name of your EA ?

It's not a commercial EA, I made it for myself.
Still some updates required to make it work for other pairs, currently it works best only with EURUSD. When I will get free time, I will recode it.

I have less faith on EA's. That's why didn't provide much time to it. But interested to see how other traders are trading with it. Are they profitable in long run...not just for 6-7 months, at least 2-3 years..considering the fact, that they tweak it time to time.

Regards