Has anyone used a profitable forex expert advisor?
Thursday, February 6, 2014
, Posted by Ryanita at 2:59 AM
g0dloki
Please only answer if you have actually made money using one of the EA's. Personal experience only, and not people who lost money and are just telling me its a scam. Im currently looking into Destiny NN 3.3 and Steinitz HAS MTF Hedge Robot I asked this question before and someone answered "I am an expert advisor and I don't use FOREX to make money" This is not an answer, if you have no Idea what I'm asking . . . don't try to answer.
Answer
Over the years I have traded a lot of EAs. Some with live money (like Steinitz HAS), others with demo money. I have made money with some and lost money with others. I did make money with Steinitz for a 2 months I traded it but I also have friends who have lost a lot of money trading Steinitz. Here is the reality, there is no such thing as an EA that will consistently make money. Why? Because the market is constantly changing and no system (except the Holy Grail) can make consistent profits without human insight. That is the reality.
Here is what I recommend. Rather than going out and buying a Forex trading system programmed into an EA; educate yourself about Forex, design a couple trading systems that work across multiple market types, and then have them programmed into EAs. This way, you will know what moves the market, why your EA works, and you will be able to achieve steady profits.
Over the years I have traded a lot of EAs. Some with live money (like Steinitz HAS), others with demo money. I have made money with some and lost money with others. I did make money with Steinitz for a 2 months I traded it but I also have friends who have lost a lot of money trading Steinitz. Here is the reality, there is no such thing as an EA that will consistently make money. Why? Because the market is constantly changing and no system (except the Holy Grail) can make consistent profits without human insight. That is the reality.
Here is what I recommend. Rather than going out and buying a Forex trading system programmed into an EA; educate yourself about Forex, design a couple trading systems that work across multiple market types, and then have them programmed into EAs. This way, you will know what moves the market, why your EA works, and you will be able to achieve steady profits.
What is the best known Forex Expert Advisor for the Mt4 trading platform. Experianced Forex traders only.?
Bob123
Suggest only if you have personal experiance with said advisor. Thank you.
Answer
Hi bob,
I have tried numerous Forex Expert Advisors but to no success except for this two EAs that has so far produced consistent monthly profits for me. They are Fap Turbo and Forex MegaDroid.
However, do not expect to double your capital every month like what they said. This is because, i am currently using them and my capital don't double every month. But getting return on investment (ROI) of around 20% to 80% per month is possible. Don't expect to win everytime as there are times of losses (you just have to stick it through). However in the long run, you should be able to see your account size grow.
I run both of them with different brokers and it's been great so far. Hope this is useful to you.
To Your Trading Success,
Thomas
Hi bob,
I have tried numerous Forex Expert Advisors but to no success except for this two EAs that has so far produced consistent monthly profits for me. They are Fap Turbo and Forex MegaDroid.
However, do not expect to double your capital every month like what they said. This is because, i am currently using them and my capital don't double every month. But getting return on investment (ROI) of around 20% to 80% per month is possible. Don't expect to win everytime as there are times of losses (you just have to stick it through). However in the long run, you should be able to see your account size grow.
I run both of them with different brokers and it's been great so far. Hope this is useful to you.
To Your Trading Success,
Thomas
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