Quantumtrader automated forex expert advisor

Quantumtrader automated forex expert advisor

By: Newmont Date of post: 15.06.2017

I am posting this list here compiled and borrowed from another forum to help the robot trading newbies out. From what I can see so far, there is very little information about rip-off EAs on this forum You will note that some of the commercial EAs on this list are actually rehashes of freely available EAs that you can find and use on the internet if you look for them.

So how about that? I even point you in the direction of some free EAs that were tested and considered good enough for a freeloader to try and sell for profit! Here's the list of definitely dodgy commerical EAs. If you bought them, you were ripped off. This list does not even include the multitude of original, but outright bad, overhyped EAs that don't really work or hold up over time. Exact copy Category 3: Pure scam such as backtest curve fitting.

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Tell them not to buy any ea. If the ea is profitable now the in few days it will be a looser for ever guarantee. However MT4 and other platforms are also profitable if and only if you have a proper trading plan and a system.

It means you can have the best tools in the world to do the job, but if you the trader is bad at forex trading the tools and platform then you will never be successful at trading forex. You cannot claim forex or EA's eat up cash because you have'nt a clue how to trade manually or you dont have your own working profitable system.

It seems like you have been burnt quite badly. Maybe Used Auto Sales is where your calling lies. I'm trying to develop a simple EA, but heck, I'm just tweaking it to make a profit using historical data.

This is backtesting curve fitting, is it not? I figure if it makes a profit for the last 6 months of this year, it could very well be profitable for the next 6 months. I didnt saw a Forex Legend in the list. I heard bad information about it, but I still trading with it for two month and have a profit. Have anybody been trading with this robot more then two month? But don't you want to tailor your EA to maximize profits from historical data?

Let's say you don't tailor to the historical data It seems like you do want to curve fit to historical data that's not too old Otherwise, you just write an EA, test it with historical data, but don't make changes to make it perform better? I can't imagine not doing some curve-fitting! Definately NOT its the very last thing you should do. Some people employ an element of walk forward optimisation, but personally, I wouldnt even reccommend that approach.

I understand the whole backtest thing and I think it is useful to decide if the ea is even worth pursueing but it is no reason to buy an ea and definatly only the very first step.

I received multiple emails promoting this EA and the first thing I noticed was the deposit date on their "live account" was showing as I took a screenshot a few days ago and to my surprise the deposit date now says See the attached screenshot and compair it to the current site. I got forex legend scalper but no key I also got forexlegendtrendfollower I wonder if the key works for two ea I will share you just send me key. Yes, I plan on doing that I'm still changing things everyday How long would you test an EA on a demo account, a month or two?

I have no idea! Do you mean tweaking your code as time goes on? There's a few ways of doing walk forward optimisation, typically developers will re optimise system parameters on historical data once a month, or alternatively using a rolling 12 month window. You can use the same approach with backtests, or forward tests, or even in live trading. Usually your'd be optiising system parameters, but I suppose you could tweak the strategy.

There's quite a good video made by the guy who developed the Wave 59 charting application where he discusses the design of a system based on walk forward optimisation. He concluded that just at the point in time where he's able to establish that a particular set of parameters for a system results in optimum returns, those parameters then cease to work.

He has a system based on fading those signals.

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If you think about this probably has some merit, every mug punter with a copy of trade station is going to be running the very same optimisation routines over the same data, and reaching exactly the same conclusions. As these are the people who inevitably lose, fading them seams reasonable.

Lets face it, at the point that an edge gets so obvious that practically everyone can see it, then there's a very good chance it'll stop working. How long would you forward test an EA? In my experience, mechanical systems only have a small edge over random chance and thats all they need.

The varience in returns is a function of the square root of the number of trades, therefore if your trying to identify what might be a small edge, unless you have a large sample size, that edge will almost certainly be masked inside the random distribution of returns.

Known scam EA blacklist Trading Systems. Expert Advisors and Automated Trading. Well, I'm going to be kicking butt and taking names in this post.

EA BLACKLIST Category 1: Pure scam such as backtest curve fitting Symbols: Hi Thanks for the list.

Would you consider updating the below list given the amount of new EA released since this post? They should not forget mt4 or any forex flatform is also a robot to eat up cash. Well i disagree with you.

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You can lose money and a lot of it in any forex trading platform. Ever heard of this "a bad workman blames his tools"? I think some brokers give this for free no need to buy. Hello, I didnt saw a Forex Legend in the list. See the attached screenshot and compair it to the current site 4xhotbot scam.

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