My Forex EA…

Filed Under (EA System, Journal) by Casey on 21-10-2008

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Ok… I guess it is about time I started my write about all my EA that I have bought. I have been so caught up with monitoring my EA performances that I forgotten to update my blog. Well I guess now it’s the time…

I have toying around with Forex EA since early this year and I have found a few EA that is pretty interesting. Unfortunately to know if an EA is really good, one have to test it live.

Now one of the reason why it should be tested live is because firstly not all demo account interact or execute the same way as a real live account. On top of that not all broker are created equal. Why do I say this? It is because I have tested one similar EA on two different broker and both does not execute the same order at the same time.

So while back testing and forward result could be a good indication that the Forex EA is reliable, it is in the execution on our part that would determine if the EA is good or not. So the two factors that really got to me is demo result and which broker should I use.

Oh and another thing…. TIME. Over the past few months, I have tested LIVE on a few different broker and I must say my result are very very bad…. Ok granted that I have mess around with the original settings, and did not really put it to a full 3 months tests to see if it is as realiable as it states. So one can not say that an EA is really bad until it at least ful fill a set or criteria no??

Anyway… here are the EA that I have bought and tested.

  1. EA Shark
  2. EA Griffin
  3. EA WSS (Winning Solutions System)
  4. EA Trendstuffer
  5. EA MTS (Forex Robot Trader)
  6. EA Touch the Sky
  7. EA AutoCashRobot
  8. EA AutoPilot
  9. EA Prophet
  10. EA Goldminer
  11. EA Tracer

Wow… never realize that I have so many EA and yet I have not really done well on my account…

Sigh…

Well, as I have said, it is more on the execution and I would probabily add that it is more me and anything else. I have never really proven it or taken it to test to see how well it is performing before jumping into another EA.

Out of all the EA, I am now currently running a few EA and be more consistent and try not to tweak the settings to see how well it perform over the next few months.

Oh well… start getting back to work and see if I can get good results with the EA that I have…

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