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Which ea is good

2.70 star(s) 3 Votes

StephenGray

Active Member
Good day and trust that you are all well – plus surviving COVID-19.

Herewith the list of EA's that I have tested and that have not performed well:
1. 2000pipsDaily
2. Cash Generator
3. HamsterLite
4. TSR5 / TSR2018
5. MnS00
6. BF Smart Scalper
7. YPY EA Imperium PRO
8. Asian Scalper
9. Vino Free
10. PinPointReversal
11. PTS_V_Power
12. Grid Primordial
13. DSProFX Scalp
14. Piphiker – don’t touch this EA. Absolute rubbish and the support is even worse.
15. WSAID
16. ZigZag
17. XxXBetaGenie
18. TSR Version 2.9
19. Lin Scalper
20. Life Changer EA
21. Dragon v4.1
22. Trio_Orchestra
23. AlgoTradeScalper
24. IFX EA
25. Forex_ANTIROBOT
26. Bouncy Cat
27. Smart Robot
28. Final Profits
29. Asian Asset
30. Rock Star
31. Stepping Stone.
If do use this EA, great for a ranging market of less than 100 PIPS. Strong trend market – bad news. Then need to use very conservative settings.
32. Striker
33. Cyberia Trader
34. TheMasterMind
35. The EA (also known as OverRich88)
36. Oxygen
37. wajdyss_MA_expert_v3 mod1
38. Evil Twin Scalper – would not open any trades
39. MiEA 3.0 – am re-trying with more conservative settings
40. MiEA 9.0 – just does not want to close trades!
41. Forex_Fiv_fix
42. Bar EA ipro v11 Full Version
43. KelnerPro
44. Scalper_PRO_v1.22
45. Defender EA
46. XFX Hunter EA
47. Signalspro007 EA V6
48. Trend Hunter V.8_fix
49. 4_5870796320230344716
50. PIP Killer
51. Jacaranda v4.1.3
52. Bdprofit

Sadly, it has been intensely frustrating testing and running these EA’s – plus hugely financially damaging as well (huge is an under-statement). In my opinion, unless can run an EA for at least 2x years on demo, it is not worth the effort nor the risk.

While I accept one school of thought is that need to manage an EA, i.e. manually activate / de-activate the ‘Auto Trading’ function based on Trend and Ranging, for me, that defeats the purpose of an EA. If so, may as well then revert to full-time manual trading.

The above can also be viewed at:

EA’s that have survived – all Cent accounts:
Broker: PaxForex
PAX_ThunderBirdV10 – Cent account (divide values by 100)
Currency pair: EURUSD. Time Frame: M15. Starting Lot size: 0.01 per USD1000. Leverage 1:500

Broker: FBS
EA: MiEA 3.0 – am re-trying with more conservative settings
Currency pairs: Mixed. Time Frame: M1. Lot size: Based on equity. Leverage 1:500

If you are trading, please share your trading results.

Keep well and stay safe.
Regards,
Stephen
 

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