Fellow Colleagues,
I know all of us here have tested and may have come across a decent EA here and there. I know this is probably the 10th time you've seen a list like this one. After all, no one can test 300 EAs thoroughly. But 300 people each testing 1 EA will give awesome result. And I believe leveraging on people's efforts is the power of forums like this.
I challenge EVERYONE to participate and provide insight that would truly help all of us reach that common goal of (eventual) financial freedom.
As i recieve feedbacks i'll continue to update this list so that everyone can see on the front page.
I have a few guidelines to make this thread move forward more efficiently.
Please only list an EA that has at minimal the following characteristics:
(1) gone through at least 1 month of live testing (either on demo or live money)
(2) has great risk to return ratio with low drawdown (preferrable less than 10%). For example, the best EA for me would return 2%-5% a month consistently, with drawdowns less than 4%.
(3) you have been or will be using the EA on a live money account. This means you're very comfortable and serious about the EA(s).
Please also note:
(1) do not make requests on this thread. Please go through the normal process and create a new [req] thread and I promise you will get the EAs. :-)
I'll start off the list with these:
FXPromaker Junior Non-Hedging (martingale)
http://www.worldwide-invest.org/meta...xpromaker.html
*USDJPY M15
*average win = 30 pips
*average loss = 65 pips
*average return per week = 2%
*max drawdown = 3%
Special Notes: this is one of the safer martingales i've come across. You can start with $10,000 and 0.1 (mini) lot.
Alpha9 (grid - trend following)
http://www.worldwide-invest.org/meta...pha9v1119.html
*AUDUSD, EURCAD, EURUSD, GBPCHF, GPBJPY, GBPUSD, USDCAD H4
*average return per month for all pairs combined = 2%
*max drawdown for all pairs combined = 2%
Special Notes: Satoru4944 discovered this EA. Looks safe, but we need more information and testing from other members.
The author also noted that it's best to run this EA on separate accounts, or else it gets confused with other trades opened by other EAs.
I know some of you (newbie) may think 1%-2% per week is quite low. But if you ask any of the more experienced members they'll tell you those are fantastic returns, provided it's consistent and with low drawdowns. I've been there. I've had experienced 40% gains on live accounts just to see it all go away in 3 days (and lost even more).
The key is long term success, not get rich quickly and not able to sleep at night knowing that your account can cut down in half on any given week. On top of that, if we combine these great EAs together we may get 10%-20% return a month (if we're lucky).
i welcome ALL feedback. Let's discuss anything you want about the top EAs we know. And please make requests in seperate threads. :-)
And please correct any information I've provided here because we know results differ from broker to broker.
Thank you all.