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  #1  
Old 20-04-2009, 05:37
Level 1 Lasers Member
 
Join Date: Apr 2009
Location: Dubai
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Default EA

Hi, I am new to this site. I am in trading forex for past 3years. I have lost most of time and still continuing to learn so that One day I would succeed in trading to earn decent and steady income.

I want to know if there is any EA which has a wining rate of 75-90%.
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  #2  
Old 20-04-2009, 07:44
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Join Date: Nov 2008
Posts: 6
Default Ultimate EA

Inm my experience to date, an EA is only good for a period of time, as the market changes the EA becomes useless, welcome other comments?
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  #3  
Old 20-04-2009, 12:45
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Join Date: Apr 2009
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Hi, there is an EA in the Forex Factory Thread ,under" ASH II". Go through the thread and read, and it will guide you to the correct usage and implemtation of the EA. It got me in one trade this morning profitable.

Last edited by lari_susi; 20-04-2009 at 12:49. Reason: Bad spelling.
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  #4  
Old 20-04-2009, 13:37
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Join Date: Feb 2009
Posts: 27
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Quote:
Originally Posted by josecassy View Post
Hi, I am new to this site. I am in trading forex for past 3years. I have lost most of time and still continuing to learn so that One day I would succeed in trading to earn decent and steady income.

I want to know if there is any EA which has a wining rate of 75-90%.
It's a misconception that an EA needs to win so many trades simply to be successful. Generally these type of EAs tend to have an average loss size which is higher than the average win size and this can pull the profit factor of the system down. Unfortunately many of them rely solely upon Martingale methods and ignore all trading principles which can be a recipe for disaster.

A friend designs commercial systems for a fund manager to follow their strategies and rules. His view is that the better systems will probably only win around 40% of their trades, but they are successful simply because they cut losses quickly and run their profits.

Unfortunately there isn't a right or a wrong to this, but you do need to keep an open mind.

To understand more, you should perhaps read this article and this article.
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  #5  
Old 27-04-2009, 05:23
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Join Date: Apr 2009
Location: Dubai
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Thanks for your replies, I am checking on those articles and also the system, they are quite informative.
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  #6  
Old 18-05-2009, 02:18
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Join Date: Feb 2009
Posts: 6
Default EAs

Hi everyone. I'm using Megadroid on a demo account and it's working pretty well so far. I'm gonna keep you updated.
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  #7  
Old 18-05-2009, 16:57
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Join Date: Feb 2009
Location: North Carolina
Posts: 102
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My Megadroid live account results are posted in the Trade Journal forum.
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