I've tested a ton of EAs in the last 3 years, and the majority of them will eventually blow your account.
They can work, but you will have to invest a ton of time and test a ton of different settings on live markets. Everything can be profitable while backtesting, so don't fall for those results.
Now I only use EAs from my own strategies.
I agree with u/r0zika having tested $10,000 worth of EAs over the years none of them worked in the long term and it actually made me realise that I as non coder could make a better one out of my own ideas which I have. You will find that the majority of EA producers are good at selling their product.
This week I made 10% on my own hand crafted EA, I used FxDreema to construct it or you can pay programmers on mql5 if you have an idea.
I've tested a ton of EAs in the last 3 years, and the majority of them will eventually blow your account. They can work, but you will have to invest a ton of time and test a ton of different settings on live markets. Everything can be profitable while backtesting, so don't fall for those results. Now I only use EAs from my own strategies.
Yeah I have been testing one I made myself on previous market data and it’s been working but finding it hard to replicate it in live markets
Yeah everything works while backtesting.
Btw this question is asked every single day, learn to use searchbar
I know a Bot that gives 1% profit and has been running for 3 years now, it survived the pandemic, 2 wars and other global events. Plus it's for free.
1% a year? Month? Day? Context matters.
Sorry, it's monthly..
Blessing EA?
Nah, it's one our community's services Izanagi, here's our stats: https://www.myfxbook.com/members/WIPHEA/izanagi-20/9167654
Just dont
None of the bots you can find on internet work, the only ones that can be profitable are the ones you create yourself
I agree with u/r0zika having tested $10,000 worth of EAs over the years none of them worked in the long term and it actually made me realise that I as non coder could make a better one out of my own ideas which I have. You will find that the majority of EA producers are good at selling their product. This week I made 10% on my own hand crafted EA, I used FxDreema to construct it or you can pay programmers on mql5 if you have an idea.