List of 5 Best EAs that Actually Work and make Money

[Sepp Malec]

RIO: on a side note, PM XE2-2 just blew up one of my demo accounts yesterday with your default settings..

it made some big sell trades along side the 2 big jumps upwards, and ran out of equity to make buy trades, so now i can see what you meen when you say that one should take out initial deposit from a live account when its posible, to be able to start over...

i think that it could have been saved if i had stoped the AV from making more trades :)

[Rio]

It would be interesting if you could show me the trades it took, and how much equity and risk the pairs were using so we can analyse the problem. I am not running XE anymore and using Magelan v4 as you know.

 

Brokers had a field day yesterday with Ben Bernanke opening his fat mouth again. Magelan knocked a few trades out of the park with the FOMC minutes and made a pile of money, but that trapped EU trade keeps getting heavier. Now there is a pending stop thrown on the chart in an attempt to hedge against it and close it out.

Honestly I am not too worried. It is not eating up much more then 15% DD, and is actually eating into profit that the EA has made this month already anyway. Even if I closed the trade in negative manually my demo account would still be up 15% or so. As balance increases, the other pairs will start using heavier lots sizes and eventually the DD from this pair, if not closed out, will be a trivial compared to the balance. My greatest fear is if all three pairs end up with jammed trades as big as this one.

[Sepp Malec]

  Rio said:

It would be interesting if you could show me the trades it took, and how much equity and risk the pairs were using so we can analyse the problem.

 

http://www.myfxbook.com/members/ZeppDK/pm-test/648985

[Rio]

Ouch.... maybe it was simply good luck that I stopped using XE this month?

 

I think Pyramid 8 would have survived this though. I see from the data that the averaging got very unlucky in places. Some early averaging trades followed by move up in limited koefficient lock, then some heavy averaging trades followed by Bernanke's killing move that pushed it just over the edge.

[Sepp Malec]

  Rio said:

I see from the data that the averaging got very unlucky in places. Some early averaging trades followed by move up in limited koefficient lock, then some heavy averaging trades followed by Bernanke's killing move that pushed it just over the edge.

 

yeah, it was really unlucky placement, but as it was only a demo account i just let it run, to see if it would survive :)

[Rio]

I'm going to do some more testing with Pyramid 8,and see if I can hack it a bit to make it more robust than XE2.2.... maybe do an XE 3 ;)

 

I really want to have an EA that can survive just about anything thrown at it.... although my concerns with Pyramid 8 is that the profitability isn't all that much. The reason is because averaging trades do not get placed and hit as often, and the koef_lock never rises all that much to make lots of money.

 

Thinking even further ahead, I think if I can hack the signalling system on it, and attempt to get it to make trades that I would take manually like Magelan does it could be really good. When it stuffs up, and hit's the "stop-loss", it will fall back to hedging to save the account.

[Sepp Malec]

  Rio said:

I'm going to do some more testing with Pyramid 8,and see if I can hack it a bit to make it more robust than XE2.2.... maybe do an XE 3 ;)

 

I really want to have an EA that can survive just about anything thrown at it.... although my concerns with Pyramid 8 is that the profitability isn't all that much.

 

yes, but then again, what is best, to risk blowing up, or to make a smaller % of money... i would say less money & survive, or maybe, as you say, combine some of the magelan features into it

Edited September 20, 2013 by Sepp Malec

[lapa70]

Hi Rio.

 

So what should we do in the meantime? Continue using XE2.2 or replace it with Pyramid 8?

[BurkhardWille]

Hi,

 

can you give me a short note, where I can see the homepage of Magelan?

 

 

Thx.

[Sepp Malec]

  BurkhardWille said:

Hi,

 

can you give me a short note, where I can see the homepage of Magelan?

 

 

Thx.

 

its expensive, but so far its working great...

http://expertforex.info/en/sovetnik_foreks_magelan.html

[energetic]

is it worthy to byit at $599. Anyone can share with us the live performance of this EA (i.e. on myfx book)

[Sepp Malec]

  energetic said:

is it worthy to byit at $599. Anyone can share with us the live performance of this EA (i.e. on myfx book)

 

i have set custom analysis to only show the period where i have run this EA, as i tried "forexcombo" before Magelan, and that lost me some money. that has now been recovered.

 

http://www.myfxbook.com/members/ZeppDK/technical-analysis/626707

 

 

so if it dosnt blow my account at some point, then i think its worth the 600 bucks

[energetic]

hi, Sepp Malec, Thanks for sharing.

Is your xm account micro or classic?

are u running default setting?

[Sepp Malec]

  energetic said:

hi, Sepp Malec, Thanks for sharing.

Is your xm account micro or classic?

are u running default setting?

 

hi there,

i use a standart account, i dont like the micro accounts way of using wrong lot sizes...

and yes, im running in the 3 pairs that there was presets for, and only thing i changed was that i set at fixed lot size, because i got a deposit bonus from my broker, and it doesnt seem that the EA takes this into account when doing auto calculations....

[sammy]

v4

 

http://zalil.ru/34736077

[Rio]

  Quote

So what should we do in the meantime? Continue using XE2.2 or replace it with Pyramid 8?

 

Up to you. I guess for safety's sake, use Pyramid 8... although I haven't tested that educated code much, so I would advise demoing it.

 

  Quote

http://zalil.ru/34736077

It won't compile without warnings... check the code out, they coded it in such a way to break the decompiler. There's one line that's expecting a number and there's a date in there.

Edited September 21, 2013 by Rio

[pro]

  Sepp Malec said:

i have set custom analysis to only show the period where i have run this EA, as i tried "forexcombo" before Magelan, and that lost me some money. that has now been recovered.

 

http://www.myfxbook.com/members/ZeppDK/technical-analysis/626707

 

 

so if it dosnt blow my account at some point, then i think its worth the 600 bucks

 

Why do you hide the open trades?

[Sepp Malec]

  pro said:

Why do you hide the open trades?

 

was that better?

they are never hidden to me, so didnt notice :)

[qkhanh02]

Hi Sepp,

Did you close USD/CAD order manually?

Mine still open

[Sepp Malec]

  qkhanh02 said:

Hi Sepp,

Did you close USD/CAD order manually?

Mine still open

 

no, it closed while i was sleeping

[Sepp Malec]

  qkhanh02 said:

Hi Sepp,

Did you close USD/CAD order manually?

Mine still open

 

did you also buy the real version, or did you try with the EDU with errors?

[pro]

  Sepp Malec said:

was that better?

they are never hidden to me, so didnt notice :)

 

Thank you.

I don't understand how the equity graph shows 144%, while open positions in deep red with minus 485 pips..

:-O

[Sepp Malec]

  pro said:

Thank you.

I don't understand how the equity graph shows 144%, while open positions in deep red with minus 485 pips..

:-O

 

thats because myfxbook dont add the 310$ i got in deposit bonus from my broker to account balance, but add it to equity..

 

so even if all trades are closed, my equity will show as larger than my account balance...

[qkhanh02]

  Quote

did you also buy the real version, or did you try with the EDU with errors?

 

Hi Sepp,

 

I bought it. Hope I will get back money soon. I dont have much money to trade...

My USD/CAD order is still open.

[Sepp Malec]

  qkhanh02 said:

Hi Sepp,

 

I bought it. Hope I will get back money soon. I dont have much money to trade...

My USD/CAD order is still open.

 

i have got a new usd/cad opened..

did you also load the preset for usd/cad?

if so, then its getting really weird :)