Hi fellow readers!
I have been getting a lot of positive emails (thank you) and emails full of questions as well, so I thought it would be fair to post here since some of the questions are similar.
1. What is an Expert Advisor?
A: I created a section just for that. You can go click on the link at the top called What is Currency Trading (Forex) ?, it should answer all your questions.
2. Some of your expert advisors seem to have similar names to widely available expert advisors. Do you just test free ones?
A: Some expert advisors are indeed based on widely available expert advisors, but I always modify the code to make it reflect my personal settings. The reason being that I am a beginner when it comes to MT4 programming so I have to use EAs that have a similar strategy and modify them to suit my trading style. Some are also coming from my own programming.
3. Will you ever make these expert advisors available for download?
If it is profitable, yes, I might. And my goal is not to make money from people, so I might either set up a managed account or sell it for a minor price (unlike those $1000 EAs that you see online!).
4. What’s your goal? Why are you doing this?
A: My goal is to find the best EA or EAs that will create a constant profit and will make me be able to reach financial freedom, then share it with this community.
4B. What are your conditions for an EA to be able to provide constant income?
It needs to be able to be profitable by at least 100 pips every month ON AVERAGE. I am aware there will be some losses. Losses greater than 2000 pips are not acceptable though. I will remove any EA that makes me lose more than 2000 pips more than 2 times (because the first time it might just be an accident).
5. What are your stop-losses on all your EAs?
Alright, where do I start. Well I’ll just give you an approximation.
ACG: 500 pips
AFG: 100 pips
Dragon: 30-35pips
Thunder: Around 100 pips
Sand: 2000 pips (it has a trailing stop, to make sure it never reaches that)
FxUltra: 30-35 pips
H4: Trailing stop (varies on the trade), usually around 100 pips with trailing stop of 50.
Any other questions? Just Contact Me!
Loading ...
Write a comment