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Why do people sell Expert Advisors

Discussion in 'Requests and Suggestions' started by blue moon, 09 Jan 2018.

  1. blue moon

    blue moon New Member Credit Hunter

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    My question is that there are developers who sell EA like Algo Soft at 30 K USD. What I don't understand if EA is a sure shot thing, then why sell just multiply your money to become another Bill Gates. :). Has anyonce ever made money consistently with any EA ? I am relatively new who has been exposed to this concept of EA. Any suggestions / reading material would be helpful.
     
  2. simonfix

    simonfix Member Credit Hunter

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    the half of robots out there are rookies versions or sneak attack or marketing job
     
    Last edited: 09 Jan 2018
  3. lia786

    lia786 Active Member Credit Hunter

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    Yes EAs can make money thousands of people consistently making money only people like me wasting time
     
    • Agree Agree x 2
  4. joe smithpissoff123

    joe smithpissoff123 Member Credit Hunter

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    Yes! EAs make money... To the people selling them! Ask yourself this: if I code an EA that makes consistent profits and survives flash crashes, spiky news, geopolitical events, ... Why would I sell it for 20USD, or, give it way for free? Trading FX and be profitable its not an automatic thing. Its all money management! Say the EU, for example, historically, ranges from 1.50 to 1.04. Even if I sold at 1.09 and now its at 1.22, it will come down to 1.04 again. The problem is, I don't know when, and because brokers offer leveraged trading, I would have my account blown, unless, of course, I have a 100.000USD account and I trade 0.01 micro lots. See the picture? To be successful in FX you need to manage your money wisely, just like banks do. And that, EAs can't do for you...
     
    • Like Like x 1
  5. INSPIRE

    INSPIRE New Member Credit Hunter

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    Yes,
    Well said.
     
  6. simonfix

    simonfix Member Credit Hunter

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    its the opposite
    if you code a profitable tool you will sell it for $20 or less because that's exactly its real price, just simple lines
    if you give it for free that's mean you make enough money and you don't give a shit
    if you sell it with 30k means you are a salesman nothing more and that's your job maybe
    with all those three cases there's other cases when coders are noob and just posting or they are crackers or they are just fooling around...etc, nothing is 100% in this world except things like water is water :)

    think about it if you make money by trading why you would ask more money from outside the goldmine which is "the fx world", i mean if i'm good on fx i'll ask more from it not changing my whole life and work to make more money selling goods :D
    ! right?
     
    • Like Like x 1
  7. ladzius

    ladzius Member Credit Hunter

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    So ,if you are NEW than be Very Very CAREFUL in forex market!!!!!! DO NOT BUY ANY EA's I SAD ANY! REMEMBER THAT WHAT I SAD!
    Is a lot of goods in internet for FREE. And a lot of working goods my friend. Good Luck. ;)
     
    • Like Like x 1
  8. simonfix

    simonfix Member Credit Hunter

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    for example ?
    or its as you SAD any and mean all :) ?

    yea i like ppl giving hope jus to be nice :D
    this world will not change, before 100000 or more adam son kill his brother to get the pretty girl and ppl still the same, nobody will give you gold nowdays exept ppl like me and thats why we r poor, because if they sense tha we make money they will kill us, any one the world is a test game i thinnk and believe so he should be always a test game, mean batman and the joker will be on every single minute on every single house till the worlds end
     
  9. ladzius

    ladzius Member Credit Hunter

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    No problem broll..Example: This! Great Job form Great Trader and Programer! Working set for H1 GBP/USD GBP/JPY. Just Use it, and no more questions. Good Luck!
     

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    • Like Like x 1
  10. simonfix

    simonfix Member Credit Hunter

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    hhh
    bro that's called high risk/low profit and never works for small capital traders
    if you think that with all my experience i fail making 10/20% a year than you should not give me the time and talk with me bro :)
    20% a year is for banks, govs, corporates, hedge fund guys, large traders, is not for us dude!
    my whole fortune is $1000 do you think ill be happy with 20% a year, specially when you need to pay some bills and you make some effort to achieve that 20% a year :)

    for small traders like us who surf on the net and that's their only source of everything, is 1/100 risk/reward or nothing in most of time, that's me saying :D
     
  11. simonfix

    simonfix Member Credit Hunter

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    this is a good beast in here: https://www.forexfactory.com/showthread.php?t=730089
    but as always, to make money in this world you should have it first a lot, that's the golden rule
    so, you need deep pocket and an ecn platform to make 500% a year or even more than more if you add to that ea some codes and some tricks :D

    life is not fair right ? hhh cheers everything will end in some point
     
  12. blue moon

    blue moon New Member Credit Hunter

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    I would have read reply many times, you have summed it so nicely. The more and more I think, I find you are 100% correct that it is all about money management. Since banks have lot of cash, they don't have to worry about that. Off late I started with hedging strategy, so far it is working well, however the day it takes more than 6 or 7 turns, I need more capital to manage that hedge. The more money I pump in, the returns would shrink, but banks don't have to bother for that. Great reply !!!
     
    • Like Like x 1
  13. joe smithpissoff123

    joe smithpissoff123 Member Credit Hunter

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    That's right Blue, you got it! Shame about the noobs and dreamers here thinking that garage coded eas and similar shit will make them rich and independent... Like I said, its all about MM. And the banks don't have liquidity problems, or leveraged accounts. I remember when the GBPUSD flashed crashed, I was long around 1.30. Should my account been overleveraged, boom. Well, I survived it, bought some more positions at support levels and closed all last week with a nice profit. And that, takes time to master. My advice Blue, learn to identify res/sup levels, use higher TFs, at least D1, and use your money wisely. Make sure you are properly funded and open positions of around 1 to 2% max of your equity. Enjoy the game.
     

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