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Expert Advisors / Robots Discuss and review the different forex EA and robots on the market for Metatrader 4 & 5 (mt4 / mt5). Plus live bot testing from John.

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  #1 (permalink)  
Old 08-07-2011, 18:06
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Default Hello

Hello everybody, My name is John. I am new around here and so I wanted to take a moment and introduce myself.

I started trading forex around 2004-2005. I realized early on it was a tough racket but I felt determined I was going to be successful at it. So I did what a lot of people do I went scouring all over the internet giving myself what amounts to a Harvard degree in Forex I read everything I could get my hands on and I traded and traded and traded.

As you can imagine I made a ton of mistakes along the way and blew through in the neighborhood of 50k. Ouch! I know, it was very humbling. So long story short I got kicked in the teeth a few times but I never gave up. Eventually I learned the obvious. forex is not a get rich quick scheme it is not easy money, in fact quite the opposite. Its true what they say it really is a marathon not a sprint.

Once I faced this reality I started looking for consistency. After all what good is a $10,000 month when next month you give away $20,000?

Maybe you guys are wondering why did I post this here in the expert advisor section? Good question....

I posted here because throughout the years in my trading I also had to manage my Electrical Contracting business and a family which includes 3 boys. I found myself to be very busy all the time and as life's little responsibilities became bigger ones I had to find a solution to my trading.

Enter automated trading. I never really fell for the bullsh** marketers who promised you would get rich quick. I knew better. I had found that system trading could be very profitable so I knew there must be algorithms that would be successful. So I started my journey to find the good ones and build a diversified portfolio. My goal has always been 20% a month but sometimes I do 40% and even 60% I don't tell you this to brag. I tell you this because I want to share and have a discussion.

Many people will tell you ea's are crap and they don't make anyone money. Many people will say price action is the only way or rule based trading is the only way. I say there is many ways to trade and many ways to succeed in forex but you have to be consistent.

So first and foremost for me was to diversify this way if an ea takes a beating than the others would help cover me. So that is the basics of my trading philosophy. I hope to share more with you guys. I realize this is like reading war and peace and I apologize for that. I'm just excited to share with you.

Okay thats it for now I would love to meet you guys so please pop in say hi let me know your thoughts. it'll be fun.

http://www.forexmoments.com/forums/e...visors-robots/
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  #2 (permalink)  
Old 10-07-2011, 18:46
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Default You Are Welcome

You Are Welcome
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Old 10-07-2011, 19:02
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Welcome And Best of Luck!
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Old 10-07-2011, 19:05
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Cool Welcome Aboard

Quote:
Originally Posted by Johnnykanoo View Post
Okay thats it for now I would love to meet you guys so please pop in say hi let me know your thoughts. it'll be fun.
Welcome, John.
Great to have you on board.
I hope your stay will be a long, happy and mutually profitable one.

Good luck

Egwig
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Old 10-07-2011, 19:11
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Default Welcome

Quote:
Originally Posted by Johnnykanoo View Post
Hello everybody, My name is John. I am new around here and so I wanted to take a moment and introduce myself.
Good to hear from you John. Very familiar story. I am still struggling after three years but determined just as you to make this a sucess.

I do believe there is no EA out there that you can turn on and walk away from but they have a place in the trading world. I look forward to the discussion here and your results from testing.

Airbeat
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Old 10-07-2011, 19:34
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Default Hello John

Good to have you here. Same story for me as everyone else. have tried many EAs but never found anything that worked consistently and consequently have never made any money. Look forward to hearing your opinions.
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Old 10-07-2011, 19:50
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Default Hi John

Looking forward to watching your analysis.

Thanks & Cheers.
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Old 10-07-2011, 20:00
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Default Hello

I look forward to your work on EA's, something interesting to follow.
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Old 10-07-2011, 21:25
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I have not found an EA that was profitable for me. Will keep my eye on this thread. Thanks.
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Old 10-07-2011, 21:37
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Default EAs

Hi John,
I share your zeal to find that automation of sorts that work but backtests never tell the truth so it has to be from forward testing only.
I believe that there are a few EAs out there that do perform but they maybe costly or just kept secret.
I am interested in finding a good Grid trader which can take profit at a percentage of profit. Is that possible?
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