Comments on: Has anyone used a profitable forex expert advisor? http://automatedforextradingtips.com/automated-forex-trading/has-anyone-used-a-profitable-forex-expert-advisor/ Forex Trading Courses - Forex Trading Systems - Forex Trading Robots Sat, 15 Oct 2011 10:28:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: sburtonhome http://automatedforextradingtips.com/automated-forex-trading/has-anyone-used-a-profitable-forex-expert-advisor/comment-page-1/#comment-117 sburtonhome Wed, 24 Mar 2010 16:02:31 +0000 #comment-117 Over the years I have traded a lot of EAs. Some with live money (like Steinitz HAS), others with demo money. I have made money with some and lost money with others. I did make money with Steinitz for a 2 months I traded it but I also have friends who have lost a lot of money trading Steinitz. Here is the reality, there is no such thing as an EA that will consistently make money. Why? Because the market is constantly changing and no system (except the Holy Grail) can make consistent profits without human insight. That is the reality. Here is what I recommend. Rather than going out and buying a Forex trading system programmed into an EA; educate yourself about Forex, design a couple trading systems that work across multiple market types, and then have them programmed into EAs. This way, you will know what moves the market, why your EA works, and you will be able to achieve steady profits. Over the years I have traded a lot of EAs. Some with live money (like Steinitz HAS), others with demo money. I have made money with some and lost money with others. I did make money with Steinitz for a 2 months I traded it but I also have friends who have lost a lot of money trading Steinitz. Here is the reality, there is no such thing as an EA that will consistently make money. Why? Because the market is constantly changing and no system (except the Holy Grail) can make consistent profits without human insight. That is the reality.

Here is what I recommend. Rather than going out and buying a Forex trading system programmed into an EA; educate yourself about Forex, design a couple trading systems that work across multiple market types, and then have them programmed into EAs. This way, you will know what moves the market, why your EA works, and you will be able to achieve steady profits.

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