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simplegreen

08/11/13 1:35 PM

#120980 RE: Qui-Gon Kagi #120979

Good luck on finding an EA that trades profitably without huge drawdowns..I think its possible but only as a simple scalper...something like a moving average crossover that can be set to aotomatically take profits at 4 to 8 pips.The main thing you needed was a way to observe and tweak the TDI w alerts so any EA is fine for that as long as its running the tester chart template thats set up exactly as your main trading chart template.Thats why every tweak I make on my main chart I save under its name but then save it again under tester.as far as the BS the running EA puts out I just ignore if running other than my trade simulator.The one I have is superb but the guy no longer lets it out for free..I got it originally from pennies..he's the one who found it.I have no idea how I could pass it on to you.Theres probably a way but dont know how.

simplegreen

08/11/13 1:47 PM

#120981 RE: Qui-Gon Kagi #120979

BTW..I do see EAs that make profitable trades but they seldom have an auto TP function..so what happens is they go in profit nicely then fall back to close at a loss.One problem is if for example its an MA cross EA its not intuitive enough to do anything but what programming calls for and cant see that crosses on sideways movements can only result in losses..if angle of rise is at least 30 degrees or greater on the cross then the trade has a good shot to be profitable..but if angle is shallow as in consolidation then the crisscrosses will bleed the account.As I said tho..I believe scalping EAs are entirely possible by taking just a few pips at a time and repeating over and over during the major parts of trading day.Another thing about EAS is IMO they should be shut down and disabled for trading unless there are major markets open..I would never let one run in off times with no real liquidity.