How to earn more? Real advice from experienced traders.
會員從Mar 31, 2021開始
229帖子
May 18, 2023 at 17:33
EmilyLee posted:Rococo_XVII posted:Yes, creating your own EA is not an easy task
I agree it is possible to skillfully combine expert and manual trading. I also agree for this it is desirable to create this EA by yourself. Unfortunately, there are many crooks among those who sell EAs.
First of all you need to know how to program, translate your strategy into code and verify it again and again, test the data of the last years and make it trade according to the rules you set
Why sell an EA?
I think the market is constantly changing, and EA's need to learn and update
A smart sales should bundle the benefits with the guest
Offer free EA and manual risk control
Only when the guest is profitable, you can get a share of the guest's profit
It's like you went to a great restaurant
The waiter's service makes you feel satisfied, and you are willing to pay the tip for it, right?
How long have you been selling EAs? What should I do if I lose money and the adviser stops working? Do you guarantee money back?
Think thrice before opening an order
會員從Mar 31, 2021開始
229帖子
May 18, 2023 at 17:35
DenverRRR posted:EmilyLee posted:DenverRRR posted:Yes, the EA was created by ourselves to repeatedly validate the data before launching in the marketEmilyLee posted:
Indeed, one of the downsides of manual trading is that it's difficult to resist the temptation of greed and make mistakes due to emotions. I believe that a combination of EA and manual risk management is ideal. Most trading can be left to the EA to execute trades according to your pre-established strategies. When there are major market changes, you can intervene manually. Of course, this requires a keen sense of the market.
I would note that if you want to trade using an adviser, then it is important to have the skills to create it. Alas, not every trader can do this.
Although the profit is only 10-15%, but we are looking for stable long-term profit
Often risk and profit are directly proportional to each other
If you want to pursue higher profits, you have to take higher risks
This is not what we want to see
You make 50% or even 100% profit today, and tomorrow the position is burst, so it is meaningless
This is gambling, obviously, this is not in line with the original purpose of our entry into the foreign exchange market
I agree that any profit always has a certain share of risks. But if you burst at once, this already speaks of incorrectly calculated risks. How do you calculate risks in your EA system? For which specific traders is it suitable?
Any kind of trading is always a risk. The higher your responsibility, the greater the risks.
Think thrice before opening an order
May 18, 2023 at 18:11
Rococo_XVII posted:EmilyLee posted:Rococo_XVII posted:Yes, creating your own EA is not an easy task
I agree it is possible to skillfully combine expert and manual trading. I also agree for this it is desirable to create this EA by yourself. Unfortunately, there are many crooks among those who sell EAs.
First of all you need to know how to program, translate your strategy into code and verify it again and again, test the data of the last years and make it trade according to the rules you set
Why sell an EA?
I think the market is constantly changing, and EA's need to learn and update
A smart sales should bundle the benefits with the guest
Offer free EA and manual risk control
Only when the guest is profitable, you can get a share of the guest's profit
It's like you went to a great restaurant
The waiter's service makes you feel satisfied, and you are willing to pay the tip for it, right?
How long have you been selling EAs? What should I do if I lose money and the adviser stops working? Do you guarantee money back?
Our EA has been running properly for more than 3 years, updating and iterating as the market changes. Like I said, we are not looking for much higher profit, but to earn a certain profit with the safety of our capital, and this value is about 10-15%.
I can also make double the profit in a month, but at the same time the guest has to pay the same high risk, which is not what we would like to see. We are looking for a long-term stable cooperation.
I understand what you said about the consequences of losing money, we will sign a contract (you can PM for details)
Any investment is risky, if someone says to you today 'I guarantee that I can make you money and there will be no losses, and if you lose money, I will compensate you for your losses.'
Then this person is definitely a liar!
Our job is to try to ensure the safety of guest funds, only guests can make money, we can get a certain percentage of profits from the guests, the company can operate normally, right?
The market always has unpredictable fluctationes，risk management is always the number one priority
May 18, 2023 at 18:18
Rococo_XVII posted:DenverRRR posted:EmilyLee posted:DenverRRR posted:Yes, the EA was created by ourselves to repeatedly validate the data before launching in the marketEmilyLee posted:
Indeed, one of the downsides of manual trading is that it's difficult to resist the temptation of greed and make mistakes due to emotions. I believe that a combination of EA and manual risk management is ideal. Most trading can be left to the EA to execute trades according to your pre-established strategies. When there are major market changes, you can intervene manually. Of course, this requires a keen sense of the market.
I would note that if you want to trade using an adviser, then it is important to have the skills to create it. Alas, not every trader can do this.
Although the profit is only 10-15%, but we are looking for stable long-term profit
Often risk and profit are directly proportional to each other
If you want to pursue higher profits, you have to take higher risks
This is not what we want to see
You make 50% or even 100% profit today, and tomorrow the position is burst, so it is meaningless
This is gambling, obviously, this is not in line with the original purpose of our entry into the foreign exchange market
I agree that any profit always has a certain share of risks. But if you burst at once, this already speaks of incorrectly calculated risks. How do you calculate risks in your EA system? For which specific traders is it suitable?
Any kind of trading is always a risk. The higher your responsibility, the greater the risks.
It is true that profit and risk are directly proportional to each other
If you want to make $1,000 in a month with $10,000, it's not a difficult task, or even a manageable safe category
If you want to make $10,000 or more in a month with $10,000, you have to pay a higher risk
Why professional traders should discipline themselves and control their greed
Often it is because the desire to gain more, the result of losing more
The market always has unpredictable fluctationes，risk management is always the number one priority
May 18, 2023 at 18:28
DenverRRR posted:The fact that our EA has passed market validation says it allEmilyLee posted:DenverRRR posted:Yes, the EA was created by ourselves to repeatedly validate the data before launching in the marketEmilyLee posted:
Indeed, one of the downsides of manual trading is that it's difficult to resist the temptation of greed and make mistakes due to emotions. I believe that a combination of EA and manual risk management is ideal. Most trading can be left to the EA to execute trades according to your pre-established strategies. When there are major market changes, you can intervene manually. Of course, this requires a keen sense of the market.
I would note that if you want to trade using an adviser, then it is important to have the skills to create it. Alas, not every trader can do this.
Although the profit is only 10-15%, but we are looking for stable long-term profit
Often risk and profit are directly proportional to each other
If you want to pursue higher profits, you have to take higher risks
This is not what we want to see
You make 50% or even 100% profit today, and tomorrow the position is burst, so it is meaningless
This is gambling, obviously, this is not in line with the original purpose of our entry into the foreign exchange market
I agree that any profit always has a certain share of risks. But if you burst at once, this already speaks of incorrectly calculated risks. How do you calculate risks in your EA system? For which specific traders is it suitable?
Data does not lie (specific PM for details)
We have information processing department combined with fundamental information and professional traders through technical level analysis, to determine whether the current risk should stop the EA work
I think EA is suitable for most people, it can work for us and improve efficiency, but it can not replace us.
The market always has unpredictable fluctationes，risk management is always the number one priority
May 18, 2023 at 18:39
This is the data from May 2021 to May 2023
You can see that the profit for 2 years is 203%
The principal is $5,000 and the portion of the profit is withdrawn every month
Of course, not every month is profitable, I think even the best trader can not do
You can see that the profit for 2 years is 203%
The principal is $5,000 and the portion of the profit is withdrawn every month
Of course, not every month is profitable, I think even the best trader can not do
附件:
The market always has unpredictable fluctationes，risk management is always the number one priority
會員從Apr 24, 2023開始
36帖子
May 22, 2023 at 08:51
mmmm not sure if an human can not make it better.... i still believe machine did not overtake humans.... eheheheheh
money never sleeps
May 22, 2023 at 09:22
therealprovider posted:Yes, the bot is only auxiliary, and professional traders only need to intervene manually at critical times
mmmm not sure if an human can not make it better.... i still believe machine did not overtake humans.... eheheheheh
The combination of humans and bot can make EA better
The market always has unpredictable fluctationes，risk management is always the number one priority
會員從Apr 24, 2023開始
36帖子
May 22, 2023 at 12:58
EmilyLee posted:
Indeed, one of the downsides of manual trading is that it's difficult to resist the temptation of greed and make mistakes due to emotions.
when you say this you refere to unexperienced and losing traders of course.... right? differently I am do not agree with you.... absolutely not.
Indeed, one of the downsides of manual trading is that it's difficult to resist the temptation of greed and make mistakes due to emotions.
when you say this you refere to unexperienced and losing traders of course.... right? differently I am do not agree with you.... absolutely not.
money never sleeps
May 22, 2023 at 13:29
I don't deny your point of view
Of course there are people who are very good at manual operation
If the manual operation is not stable monthly, the annualization is very low or even loss people
Why not try using EA, right?
An EA with an annualization close to 100%, and a manual operation, the annualization may only be 30% or even lower or lose money
So how would you choose?
Select manual operation？
like to operate your account personally and like the excitement of trading (forex market = casino?)
Or do you not like money?
Of course there are people who are very good at manual operation
If the manual operation is not stable monthly, the annualization is very low or even loss people
Why not try using EA, right?
An EA with an annualization close to 100%, and a manual operation, the annualization may only be 30% or even lower or lose money
So how would you choose?
Select manual operation？
like to operate your account personally and like the excitement of trading (forex market = casino?)
Or do you not like money?
The market always has unpredictable fluctationes，risk management is always the number one priority
會員從Apr 24, 2023開始
36帖子
May 23, 2023 at 07:42
ahahahahahahah thats funny 😂😂😂😂😂
have you seen my profile? and my performance? please have a look and tell me if your EA can do better.... 😈
have you seen my profile? and my performance? please have a look and tell me if your EA can do better.... 😈
money never sleeps
May 23, 2023 at 10:31
Then it's so funny😁
like i said i agree with you
There are people who are good at manual operation
You look at your max drawdown, it's a staggering 56%
Of course, I admit that my profitability is not as high as yours, but my EA is stable
like i said i agree with you
There are people who are good at manual operation
You look at your max drawdown, it's a staggering 56%
Of course, I admit that my profitability is not as high as yours, but my EA is stable
The market always has unpredictable fluctationes，risk management is always the number one priority
會員從Apr 24, 2023開始
36帖子
May 23, 2023 at 11:01
yes exactly this is the MAX drawdown, does not mean is the regular DD set on intraday operations, that's happened on special and umpredicted volatility due to crash of USA banks opening GAPs. Also Imust put at your attention another thing: RISK IS ALWAYS CORRELATED TO PROFIT GOALS, and it can be always discussed with the investors needs. cause you know math is not an opinion.. or it does recently? is there something new I am not aware ? 😕
money never sleeps
May 23, 2023 at 13:38
So I always emphasize that EA's profit is not high, the risk is small, but the stability is high
Again, your risk is high, but the profits are substantial
Our views are not in conflict, and I agree with you
You can think your manual operation is great, but there's no need to think EA is worthless, right?
Again, your risk is high, but the profits are substantial
Our views are not in conflict, and I agree with you
You can think your manual operation is great, but there's no need to think EA is worthless, right?
The market always has unpredictable fluctationes，risk management is always the number one priority
May 24, 2023 at 22:12
Rococo_XVII posted:Yes i feel you. for people on our age it can't be stable or a life time job because we used to do different things for job
Hello.
I have been trading for 3.5 years now. During this time, it happened that I blew up account and started over. It turned out to get profit, of course. But I still do not have a really good and stable income.
Because of that Forex became for me like an element of game or hobby. I don't feel that forex trading is hard work, but good profits. I do not feel stability in this way of earning.
Have you experienced something like this?
Just please do not mention about learning fundamental analysis or deeper technical analysis. This is what I do all the time.
I would like to hear real advice from real traders. Or to hear those who are in the same position as me.
That is why I create this thread. Welcome.
May 25, 2023 at 06:42
If you treat forex as a game or a hobby without expecting to make a profit, I suggest you only invest a minimal amount of capital and play for fun, without taking it too seriously.
For professional traders, the forex market is a serious business that should be approached with dedication. It is not a game. With discipline and avoiding greed, it is possible to achieve long-term stable profits.
Leave the professional work to professionals. If you are just an amateur player, becoming a victim of the market is only a matter of time.
For professional traders, the forex market is a serious business that should be approached with dedication. It is not a game. With discipline and avoiding greed, it is possible to achieve long-term stable profits.
Leave the professional work to professionals. If you are just an amateur player, becoming a victim of the market is only a matter of time.
The market always has unpredictable fluctationes，risk management is always the number one priority
May 25, 2023 at 14:09
I'm not imposing it on anyone, I'm objectively stating the pros and cons of using EA, I'm also highlighting the cons, it doesn't give you very high profits.
Of course, it's not for everyone, at least it is friendly for newbies and even for people who don't have much energy to spend on trading
I never said that you can't make money without an EA, there are many people who are great at manual trading, but it's not necessary to belittle it, right?
Of course, it's not for everyone, at least it is friendly for newbies and even for people who don't have much energy to spend on trading
I never said that you can't make money without an EA, there are many people who are great at manual trading, but it's not necessary to belittle it, right?
The market always has unpredictable fluctationes，risk management is always the number one priority
會員從Aug 19, 2021開始
244帖子
May 26, 2023 at 13:02
EmilyLee posted:WhiteWitcher posted:I think you misunderstood what I meant
Oh it is somehow strange for me to hear about a free EA.
It's not free
If my EA signal makes you money and you are willing to use it consistently
I will charge you a share of your profits
Of course, if you don't make money, I can't receive your share, and if it doesn't make money, I don't think you will continue to use it, right?
Oh most likely I do not understand you correct.
