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To Forex elite experts, I have a few questions and need your honest realistic advice.

My_Money

Member
To Forex elite experts, I have a few questions and need your honest realistic advice.

I am relatively new here.

To Forex elite experts in this forum, I have a few questions and need your honest realistic advice.

I practiced in demo account with various EAs for last 2 months.

Now i want to fund my real Account.

For 50,000 Balance in real account ( ofcourse 500 $ in cent account) with 1:1 Leverage

1. How many simultaneous currency pair i should trade with Ea? How much money i have to have in the balacnce per currency pair trading on average?

2. How many different EA and total number of currency pair i should open to trade against 50,000 Balance.

3. Following Ea ( educated) i have right now. They are working in Demo and Backtested them all and looks okay. Which ones i should choose, all of them or few of them. If few of them which ones i need to ty first.

My Tentative Ea list:

Steady Winner MM 4.2
Forex Multivers 2
Forex Gold Trader 1.1
FAP Turbo 52
Forex Shocker 2
Probability EA
Forex MegaDroid XE
Forex Harvester 1.6
CloveriX
Crescendo
EuroBuster 2
EaBoss edu
Forex real profit 5.11
Euronis 4200
Primeaval 2.1
Portfolio Ea


4. Which of the Ea in default setting have the potential to wipe out my entire balance overnight? ( which one have Martinglale like character).

Thank you so much and i appreciate you valuable advice.:)
 

ritzn

Member
Hi,

As you are relatively new here and that probably means you are new to the Forex World.

Right??

If you want to succeed in Forex then EA won't make you a millionaire as one day or the other they will be deceived by the market. As you are new to the Forex (I think), it is a good time to cultivate good Trading habits and make a good foundation of Forex knowledge.

PM me if you want to make a Trading plan to become successful in Trading.

Once you are doing good in trading, then use your past time to test EAs as a hobby.

Apologies in advance if you didn't like my advice.

Cheers,

Ritz
PipsDaily.com

I am relatively new here.

To Forex elite experts in this forum, I have a few questions and need your honest realistic advice.

I practiced in demo account with various EAs for last 2 months.

Now i want to fund my real Account.

For 50,000 Balance in real account ( ofcourse 500 $ in cent account) with 1:1 Leverage

1. How many simultaneous currency pair i should trade with Ea? How much money i have to have in the balacnce per currency pair trading on average?

2. How many different EA and total number of currency pair i should open to trade against 50,000 Balance.

3. Following Ea ( educated) i have right now. They are working in Demo and Backtested them all and looks okay. Which ones i should choose, all of them or few of them. If few of them which ones i need to ty first.

My Tentative Ea list:

Steady Winner MM 4.2
Forex Multivers 2
Forex Gold Trader 1.1
FAP Turbo 52
Forex Shocker 2
Probability EA
Forex MegaDroid XE
Forex Harvester 1.6
CloveriX
Crescendo
EuroBuster 2
EaBoss edu
Forex real profit 5.11
Euronis 4200
Primeaval 2.1
Portfolio Ea


4. Which of the Ea in default setting have the potential to wipe out my entire balance overnight? ( which one have Martinglale like character).

Thank you so much and i appreciate you valuable advice.:)
 

My_Money

Member
I do not want to be a quick millionaire.

5-10 % monthly in total is my target. Is my target realistic or a Fantasy?
Any comment..?
 

pavlus777

Member
I do not want to be a quick millionaire.

5-10 % monthly in total is my target. Is my target realistic or a Fantasy?
Any comment..?
Realistic.
From your list of ea's throw awy everything except shocker,megadroid and(maybe) steadywinner.Also add gap ea(there few very similar on this forum).
Good luck.:)
 
H

hermes

I should be an expert on EAs I tested around 100 of them and almost all of them cost me brake down.
On your list I see only 2 excellent EAs. MegaDroid and Primeaval. I wouldn't trust the rest. If you put $50,000 equity still trade 0.01 lots! only with those 2 recommended EAs. Look for 3 things: pairs correlation, ADX and news. Range markets and bad news kill any EA. The less pairs you trade the better. MD likes only EU 1H, that's it even if they recommend bunch of pairs to trade. With my advices you will be not millionaire but much more happier. Aim for 1% or 2% and you will get it. If the EA does not performs change the broker fast as possible. It happened to me often that EA performed on one broker and not on others. Most EAs don't like ECN and fixed spreads.
After my experience with EAs I recommend trading only with manual systems there are plenty of them on market. Excellent manual system could make you a millionaire.
Don't waste time and money on EAs anymore - my last advice:
Buy Goiler for $70 get rid of greed and refine your trading abilities.
Warning: demo results are far away from live results. Test EAs only on live micro or mini account and always forward - no back testing! Backtesting is for losers. Market changes every second because it follows the universe. The only thing which is flexible is change.
Good luck Hermes
 
H

hermes

Pavlus777 I cannot open the zip file for the Gap with WinRar is it zipped in Russia and already rusty?
II. part EAs Education

Don't forget to let the computer 24/5 on! By sure that the electrical bill is not higher that your trading earnings!
In summer you need to ensure proper cooling of the PC with fun blower.
I always manually control the robots activities. Have ADX 25 on the EA chart and have the Ask Manual Confirmation checked! Every morning check the ADX level for range trend and check the economical calendar for the currency pair. If everything is OK uncheck the Ask permission to trade box in EA.
Overnight trades with EAs are very dangerous because it is the time when market makers, specialists and brokers have nothing to do are bored and chase the SL. Overnight SL must by over 100 pips better 150 - 200 pips.
Hermes
 

My_Money

Member
Pavlus777 I cannot open the zip file for the Gap with WinRar is it zipped in Russia and already rusty?
II. part EAs Education

Don't forget to let the computer 24/5 on! By sure that the electrical bill is not higher that your trading earnings!
In summer you need to ensure proper cooling of the PC with fun blower.
I always manually control the robots activities. Have ADX 25 on the EA chart and have the Ask Manual Confirmation checked! Every morning check the ADX level for range trend and check the economical calendar for the currency pair. If everything is OK uncheck the Ask permission to trade box in EA.
Overnight trades with EAs are very dangerous because it is the time when market makers, specialists and brokers have nothing to do are bored and chase the SL. Overnight SL must by over 100 pips better 150 - 200 pips.
Hermes

hermes,
Do you think i need to add or discard few other EA in my first real account portfolio?
 
H

hermes

Discard losers is must! Don't use more than 3 excellent EAs but every one on different pair! One wort about leverages:
I use maximum leverage 50:1 but advice for FX greenhorns is 25:1 or even 10:1 would be secure entry. Already 100:1 is a hazard. For sure brokers delude you to take 100 or even 500:1 to get rid off your account faster. One mistake and your account could be in jeopardy and who will laugh on the end is the broker not you. Happens in 95% of the cases.
Hermes
 

fc29

New member
Pavlus777 I cannot open the zip file for the Gap with WinRar is it zipped in Russia and already rusty?
II. part EAs Education

Don't forget to let the computer 24/5 on! By sure that the electrical bill is not higher that your trading earnings!
In summer you need to ensure proper cooling of the PC with fun blower.
I always manually control the robots activities. Have ADX 25 on the EA chart and have the Ask Manual Confirmation checked! Every morning check the ADX level for range trend and check the economical calendar for the currency pair. If everything is OK uncheck the Ask permission to trade box in EA.
Overnight trades with EAs are very dangerous because it is the time when market makers, specialists and brokers have nothing to do are bored and chase the SL. Overnight SL must by over 100 pips better 150 - 200 pips.
Hermes

Hermes,

About ADX 25 ? (How it works?) and the ask Manual Confirmation checked or uncheck ?
Can you explain? Please. Thanks;

fc29
 
H

hermes

Go to the indicator properties and make red line at 25 and when the ADX line ( lime green) reaches that red 25 borderline and points down don't uncheck the box. The same with expecting bad news.

During attaching to the chart go to the Properties/Common and the
box to check is on the bottom left. If already attached on chart, right click go to Expert Adviser/Properties/Common to the box on the bottom left and check the box. Uncheck the box if allowed to trade. You cannot miss it, only if drank!
Hermes
 
H

hermes

Go to the link and check your robots:


Hermes
 

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