Please advise with Forex Robot
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1 ieraksti
Oct 22, 2013 at 06:07
Hey boys,
Nearly 2 weeks I am reading about forex robots, I found out this website, it seems trustable...BUT in reviews about Expert Advisors the feedbacks are only till 2012..Anybody use some trustable ans profitable EA?
I am a girl, and to be honest it's my first expierice.
Please recommend 2-3 good robots:)
Thanks a lot!😎
Nearly 2 weeks I am reading about forex robots, I found out this website, it seems trustable...BUT in reviews about Expert Advisors the feedbacks are only till 2012..Anybody use some trustable ans profitable EA?
I am a girl, and to be honest it's my first expierice.
Please recommend 2-3 good robots:)
Thanks a lot!😎
Biedrs kopš
696 ieraksti
Oct 22, 2013 at 07:30
Try to look here https://www.myfxbook.com/members/adrian8891/real/24296
Or try demo with this: https://www.myfxbook.com/community/strategies/genomo-premium--demo-version/649094,1
Or try demo with this: https://www.myfxbook.com/community/strategies/genomo-premium--demo-version/649094,1
PAMM MANAGER // Professional Fund Manager
Biedrs kopš
192 ieraksti
Oct 22, 2013 at 10:29
Verolondon you want to pay attention to the Drawdown (DD) of each robot (if you are not looking for insane performance = insane returns). Usually a DD shouldn't go past 15-20% maximum.
I would say that you can start by checking the most popular (https://www.myfxbook.com/most-popular-forex-systems) eliminating them one by one based on return vs drawdown and then check on internet for most people's point of view.
EAs change really fast and its rare to find one that's been profitable and still is.
I would say that you can start by checking the most popular (https://www.myfxbook.com/most-popular-forex-systems) eliminating them one by one based on return vs drawdown and then check on internet for most people's point of view.
EAs change really fast and its rare to find one that's been profitable and still is.
A smooth sea never made a skillful sailor.
Biedrs kopš
1718 ieraksti
Oct 22, 2013 at 11:51
Biedrs kopš
113 ieraksti
Oct 22, 2013 at 15:06
My penny is don't buy Robots. Search for a good signal provider..
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192 ieraksti
Oct 22, 2013 at 15:14
Everyone preaches for his church :P
A smooth sea never made a skillful sailor.
Biedrs kopš
113 ieraksti
Oct 22, 2013 at 15:18
I'm not in the list under the link ;-)
As you've said:
EAs change really fast and its rare to find one that's been profitable and still is.
As you've said:
EAs change really fast and its rare to find one that's been profitable and still is.
Biedrs kopš
113 ieraksti
Oct 22, 2013 at 15:20
The best is to read a lot, develop your own system. Let it build by a coder. Backtest and optimize for a long time in order to find something that is profitable with a backtest over 2 years and >2K trades. Then try on live for a few months..
Biedrs kopš
192 ieraksti
Oct 22, 2013 at 15:30
All systems have its advantages and its drawbacks. I like manual SP has they tend to have a more stable equity curve, yet the yield are usually more realistic (unless the risk/leverage of each position is too high) while EAs can sometime be amazing but bear crazy risk! I bet today's spike killed many EAs again.
I agree with your idea of 2K trades for 2 years. I like a system that trades very often and on average wins more than the losses, as it gives you the odds of winning on the LT.
I agree with your idea of 2K trades for 2 years. I like a system that trades very often and on average wins more than the losses, as it gives you the odds of winning on the LT.
A smooth sea never made a skillful sailor.
Biedrs kopš
113 ieraksti
Oct 22, 2013 at 15:36
Agree. As for the spike, risk. Make sure you use proper SL levels (also inside the ea. Avoid any Martingale etc.
Sometimes you have to loose a battle to win the war..
Sometimes you have to loose a battle to win the war..
forex_trader_110955
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61 ieraksti
Oct 22, 2013 at 23:58
You need to earn lots of things before you start using an everyday robot... Its not that easy just puting on your account
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696 ieraksti
Oct 23, 2013 at 09:14
Alpscalp posted:
Agree. As for the spike, risk. Make sure you use proper SL levels (also inside the ea. Avoid any Martingale etc.
Sometimes you have to loose a battle to win the war..
I would not say same as You. In my expirience I had a few martingale experts that was working good. Problem is, when You set martingale on settings that allow You to earn much profit (eg. +300% in month). Then risk of 'clearing' account is much bigger because volumes of transactions are too big. All in all , Martingale startegy is good when You know how to set it right.
About spikes - eg. in news trading - mmmm :) my favourite! One of my EAs (Armada) made in best times +1400% in around 1,5 month. Then I was putted in VirtualDealer Plug-in and had to transactions that made me down to +980% , so I decided to withdrawl money. All is on myfxbook so everyone can see that.
I use my own robots - not any commercials. Thats the way :)
PAMM MANAGER // Professional Fund Manager
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Oct 23, 2013 at 09:21
Do you have an example of a Martingale system that performs well over TIME?
I totally agree with your last sentence ;-)
Ps. Your quite a crackberry fan aren't you? ;-)
I totally agree with your last sentence ;-)
Ps. Your quite a crackberry fan aren't you? ;-)
Biedrs kopš
696 ieraksti
Oct 23, 2013 at 09:37
crackberry is forum, I'm a fan of BlackBerry :)
NONE of EAs will work all over time :)
One my Martingale is on myfxbook https://www.myfxbook.com/members/adrian8891/am152974-money-withdrawled/631589
No longer updated because of moneywithdraw. I got my goals and this EA has made it.
NONE of EAs will work all over time :)
One my Martingale is on myfxbook https://www.myfxbook.com/members/adrian8891/am152974-money-withdrawled/631589
No longer updated because of moneywithdraw. I got my goals and this EA has made it.
PAMM MANAGER // Professional Fund Manager
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192 ieraksti
Oct 23, 2013 at 09:44
I must disagree with you Adrian. People get greedy and when they see the returns made by martingales, they always want more and end up losing it all one day.
If you keep an objective to yourself, say 200% in two months. Now imagine you achieve your objective, what will you do with this money? Start on an other martingale. And this will go on until you lose it all. Hence, I'd be curious to see an update of your account in order to find out if this big DD that was going on when you stopped updating ended in a bad story (61% of equity available is tough).
When I started I was curious about a pyramid system with a martingale on top. At the bottom you had a slow winner (2-5% a month) where you withdrew 20 to 30% of the profit made, to invest in a slightly more risk strategy (over 5% a month). at least 30 to 50% was withdrawn from this strategy to be invested in an insane martingale where you'd withdraw 80% of the profit.
Results were mitigated.
If you keep an objective to yourself, say 200% in two months. Now imagine you achieve your objective, what will you do with this money? Start on an other martingale. And this will go on until you lose it all. Hence, I'd be curious to see an update of your account in order to find out if this big DD that was going on when you stopped updating ended in a bad story (61% of equity available is tough).
When I started I was curious about a pyramid system with a martingale on top. At the bottom you had a slow winner (2-5% a month) where you withdrew 20 to 30% of the profit made, to invest in a slightly more risk strategy (over 5% a month). at least 30 to 50% was withdrawn from this strategy to be invested in an insane martingale where you'd withdraw 80% of the profit.
Results were mitigated.
A smooth sea never made a skillful sailor.
Biedrs kopš
113 ieraksti
Oct 23, 2013 at 09:46
I know just joking..;-)
I agree that every EA has less good periods but over time they should work in order to be a good one.
There are loads of Martingale examples performing well in a short period.
But lets say show me one with <30% dd and 3 months.
Its not without a reason that applications like Autotrade not accepting them and Zulutrade warns for them auto etc..
I agree that every EA has less good periods but over time they should work in order to be a good one.
There are loads of Martingale examples performing well in a short period.
But lets say show me one with <30% dd and 3 months.
Its not without a reason that applications like Autotrade not accepting them and Zulutrade warns for them auto etc..
Biedrs kopš
113 ieraksti
Oct 23, 2013 at 09:47
Totally agree with Thalantas..
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Oct 23, 2013 at 09:50
Thalantas posted:
I must disagree with you Adrian. People get greedy and when they see the returns made by martingales, they always want more and end up losing it all one day.
That's true - but I'm just saying that idea of Martingale is good enough to be fair. Problem is in people (as You said).
Thalantas posted:
Now imagine you achieve your objective, what will you do with this money? Start on an other martingale.
Why? You may put profit on bank deposit, or any other less risky robot.
But as you said - greed... Thats the biggest problem. Someone who has 1 mil $ wants another one :) My goal is to create robots with low risk, but I personally trade on high risk but for short time. I do not risk all money that I can lose in one day. If robot gave me +250% thats fair enough to stop trading, withdraw money that I deposited and trade eg 1/3 of made profits on lower risk. Simple strategy but so far so good :)
PAMM MANAGER // Professional Fund Manager
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Oct 23, 2013 at 09:57
adrian8891 posted:
My goal is to create robots with low risk, but I personally trade on high risk but for short time. I do not risk all money that I can lose in one day. If robot gave me +250% thats fair enough to stop trading, withdraw money that I deposited and trade eg 1/3 of made profits on lower risk. Simple strategy but so far so good :)
This is simple and straight forward, I give you that point!
But you are more on a gambling/aggressive/young (I am young too!) way of thinking. To achieve all these nice return you must risk big time (checking your accounts, your returns are nice, but the DD scares me).
Now you must think about what you want from FX. I personally would like to end up having a system generating a stable income for the LT and never have to rely on the equity or fixed income market, sticking to a 6 to 12% annually and paying management fees (boring, slow and expensive). I'd like an EA that can generate an extra income or simply grow my capital for later.
I could not stand to see my savings disappearing in one of these 20%+ DD, I would end up cutting it earlier. As you mentioned, compartmentalizing is one option (leaving the rest on your bank account), but again, this won't work when the 0.01 lots become 1 or 2 lots.
A smooth sea never made a skillful sailor.
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696 ieraksti
Oct 23, 2013 at 10:06
Thalantas posted:
but the DD scares me
As I said - personally I trade on high risk for short time.
Thalantas posted:
Now you must think about what you want from FX. I personally would like to end up having a system generating a stable income for the LT and never have to rely on the equity or fixed income market, sticking to a 6 to 12% annually and paying management fees (boring, slow and expensive).
Please believe me, I have tested hundreds of EAs... All of them was 'low risk and stable'. And what? None of them worked longer than 1-2 years! Forex is so not expectable market! Look on volumes that was 2 years ago and now... In 'meantime' there a 5 digit quotes appear to give more chances/risk to make You rich/bankrupt.
If someone ask me about backtest of my robots from 1990 or 2000 year then he makes me laugh very loud.
PAMM MANAGER // Professional Fund Manager
