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Question EAs are waste of Time. Lets share best strategies to cover losses

Do you find it profitable?

  • Total voters
    42
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Hello Author! Can you check if this setup is okay?? I'm confused if I did setup it correct or not..
I'm waiting for your response....
 
Haadi said:
Hello friends after trying a lot of EAs and different types I have results that EAs are just a waste of time.
If any one have any best strategy kindly share here so that Others can take benefits of it.

My Strategy is.

Custum S/R Indicator
EMAs
5 close
8 close
13 close
21 Close
200 close.
Stock...
9.3.5
90 & 10 level

Rule.
BUY when EMAs meet at 10 (all must pin at one point) stoch should Cross them above and we are near to S/R lines.

SELL when all EMAs meet at 90 level and stoch crosses bellow and we are on any support/ resistance line.

I haven't used SL almost trades hit profit.

Set 10pips as first target.

Pros... About 99% success
Cons... Works best on Android (l use to get reference about EMA and Stoch)

Place orders on PC or laptop

Zoom settings should be adjusted before you try.

If any one can help creating EA.. Welcome

Share yours or lets refine this one.
Click to expand...
best time frame is 5 mnt ?
 
This made me -$50 loss!! It doesn't works actually. It tells you to place sell in resistance level and place buy in support level. Unfortunately sometimes the levels gets broken and makes you loses. Better I re recommend this auto fibo ==> https://soehoe.id/you-will-fall-in-love-with-autofibonacci-indicator.t1522/ it helps to understand the levels and trade according to that. I don't want to say this indicators setup makes repaint etc....But the market will not move always like the way it want.

Example: USDCAD yesterday fall a lot, this setup showed to buy. USDCAD made a small support level there and now again going down. So this kind of situations can't be controlled by this system. So if your market is between Resistance and Support this system can be followed but not in this kind of situations.
 
fxgalib125 said:
This made me -$50 loss!! It doesn't works actually. It tells you to place sell in resistance level and place buy in support level. Unfortunately sometimes the levels gets broken and makes you loses. Better I re recommend this auto fibo ==> https://soehoe.id/you-will-fall-in-love-with-autofibonacci-indicator.t1522/ it helps to understand the levels and trade according to that. I don't want to say this indicators setup makes repaint etc....But the market will not move always like the way it want.

Example: USDCAD yesterday fall a lot, this setup showed to buy. USDCAD made a small support level there and now again going down. So this kind of situations can't be controlled by this system. So if your market is between Resistance and Support this system can be followed but not in this kind of situations.
Click to expand...

Dear friend you know nothing is perfect nor permanent.
But your trade would have given you about 5 to 10 pips and its enough for 5 minutes scalping.
But you have to observe other forex parameters as well. You don't have to completely rely on this system.

When you trust any indicator or EA that day you made loss.
 
Haadi said:
Dear friend you know nothing is perfect nor permanent.
But your trade would have given you about 5 to 10 pips and its enough for 5 minutes scalping.
But you have to observe other forex parameters as well. You don't have to completely rely on this system.

When you trust any indicator or EA that day you made loss.
Click to expand...
Nicely said. Dear I made $90 profit within one day with this system and next day lose it. I think M15 is the best time frame and 10 pips T/P & 30 pips S/L would be the best position to try it out with other things like technical and fundamentals as well. This system if profitable but needs to work more on it. But it is never possible to create an ea with this system, as I think robot's can't do it the way we do with eyes.
 
Just by adding a few filters will give good results. Until today thia is the one system wihich gives you possible trend reversal indication quickly
 
7 Trades lost last night , Under loss now.
We still need to find out the profit ratio and success ratio it gives. Under bad market conditions it doesn't seems to be work.
 
Check the deposit date and today's.
No other words to say.
 

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