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EA's that have not performed

2.50 star(s) 6 Votes
Hi Ratel,
Some have crashed account - like PipHiker (live account - will not touch this EA), 2000pipsDaily (live accountS), Cash Generator (live account - was probably due to JPY debacle of 3 January '19), TSR5 / TSR2018 (demo), MnS00 (live), WSAID (demo), XxXBetaGenie (demo), TSR Version 2.9 (demo) and Lin Scalper (demo). They all crashed accounts.

Grid - was impatient :)

Thank you for sharing your experiences!
I vouch that most (95%) of all EAs FAIL!
Very difficult to find a reliable EA that can be truly "Set-and-Forget".
 
I was very suprised to see Piphiker here, because it was the EA a robot store recommended me personally. I'm runnikg it 2 weeks and I'm not very satisfied. It does give you profits, but the drawdown is sometimes overwhelming.
 
Hi,

Can now add Life Changer EA to the list of under-performing EA's. Lost two thirds of balance (live account). Currently in massive drawdown (EURGBP). Once get out, will stop using this EA - unless can get an improved version and/or settings.

Trio_Orchestra, also available from this website blew demo account. Am busying re-running on demo, just without Gold. Current performance - TBA.

In terms of Piphiker - in 2018 cost me USD3k. An absolute disaster of note and the sellers provide no support. Will never again touch that EA and at this stage, also not the sellers. Have no trust nor faith in them nor there products. Asked them to return my investment (they could trade using their monies and their EA's - 'put your money with your mouth') - no support. Even offered they I trade for them using one of other EA's - again, no support.

EA's that are currently successful:
Defender (standard account) - using an affiliate link
Spizer v6.3 (cent account) - also using an affiliate link
Stepping Stone (both standard and cent accounts) - free from Facebook
PIP Killer (cent account)

On demo am running the following EA's (all cent accounts):
PIP Killer - just more aggressive lot size
BF Scalper
BF Grid
Trio_Orchestra
ThunderBird V8
Dragon
 
If interested, see fxblue / myfxbook links to EA's that am running on live accounts:

Live accounts:

Broker: Equiti
Note – using EA coders’ MT4 affiliate link
Have withdrawn USD930 & USD250
Defender EA
https://www.fxblue.com/users/equitidefender
https://www.myfxbook.com/members/bestrobotsforex/defender/2670708
(Investment: USD1k. Currency pair: EURUSD. Time Frame: M1. Lot size: 0.01. Leverage 1:500)
Referral link: https://www.equiti.com/?link_id=0034795&referral_id=0034795

Broker: Tradersway
twstepstonepoolSM1
https://www.fxblue.com/users/twstepstonepoolsm1
(Currency pair: EURUSD. Time Frame: M5. Starting Lot size: 0.1 (see calculation file for details). Leverage 1:500)

Broker: FBS
HamsterLitePoolsm1 – Cent account (divide values by 100)
https://www.fxblue.com/users/hamsterlitepoolsm1
(Currency pair: EURUSD. Time Frame: M5. Starting Lot size: 1.23 (see calculation file for details). Starting leverage 1:1000)
Note:
Account was going “pear-shape”. After gaining 55%, eventually lost 6% of original balance.
Changed to Stepping Stone EA on 20190110
Changed to ‘new’ Life Changer on 20190114. Sadly, has gone badly pear-shape!

FBSstepstonepoolSM2 – Cent account (divide values by 100)
https://www.fxblue.com/users/fbsstepstonepoolsm2

(Currency pair: EURUSD. Time Frame: M5. Starting Lot size: 2.0 (see calculation file for details). Leverage 1:1000)



FBS_Spizer – Cent account (divide values by 100)

https://www.fxblue.com/users/fbs_spizer

(Currency pair: AUDCHF, GBPAUD, USDJPY. Time Frame: H1. Starting Lot size: 0.1 / based on equity. Leverage 1:500)



Broker: PAXForex

PAX_PIP_Killer – Cent account (divide values by 100)

https://www.fxblue.com/users/pax_pip_killer

(Currency pair: EURUSD. Time Frame: M15. Starting Lot size: 0.5. Leverage 1:500)
 
Hi ALL,
Herewith the next few EA's that blew demo accounts:
  • Dragon v4.1
  • Trio_Orchestra
  • AlgoTradeScalper

Am testing the following (all on Cent demo account and either available from this platform or MQL5):
  • BF Grid Master
  • ThunderBird V10 (probably the best of all these EA's)
  • TrendFollower
  • Smart Robot
So far, the results are ‘OK’ – not great but also not blowing any accounts (that in itself is great).

Is anyone having success with any other EA on a live account? If so, please share.
Thank you,
 
Yes. Was using the unlimited version. Using a set file. See attached.
 

Attachments

  • Life Changer - Must Watch 2.png
    Life Changer - Must Watch 2.png
    50.9 KB · Views: 30
  • Life Changer EA Unlimited.ex4
    58.6 KB · Views: 20
  • lifechangergrundsetting.set
    676 bytes · Views: 17

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