Thread: do expert advisors really work

Hello to all, I am running an expert advisor in metatrader 4 on a demo account it is scalping and earning hundreds of pips I will allow it to run for maybe a month or so but so far its incredible I have a few questions if anyone out there could help with 1. Which brokers allow you to run such things
2. Will they let you continue earning money without doing some to undermine it . Is there anyone out there who is currently using one in a real account

I am thinking of running it in a mini account with maybe #3k to begin any information would be much appreciated thanks

They do appear to work provided that you're using the right one. They also appear to take alot of the emotion out of trading.

Which are you testing out?

I am testing the Pheonix 2007 EA.

Yea, they operate (if you select the correct one). Im ahead analyzing mine and its been quietly amassing pips. It utilizes VERY! Safe setting made to double my account in 6 weeks AND.... In case it blows up will leave me with enuff cash in the account to re-attack! Any EA can make money while the maket is moving in your direction but whats the depart egy once the market moves against you 200 pips?

I will pull a bum off the road and he'll looking like a big winner so long as the stunt keep coming up seven but if snake-eyes strikes are you gonna return for becoming a panhandler?

EA egies are lots but whats the departure? I have spent 20X more hours programming my EA to begin searching for the profit-taking door the moment it sets a trade. Capital preservation and money management are #1!

Originally Posted by ;

Hi to all, I am running an expert advisor in metatrader 4 on a demo account it is scalping and earning hundreds of pips I will let it run for maybe a month or so but so much its amazing I have a few questions if anyone out there could help . Which brokers allow you to run such matters
2. Will they allow you to keep earning money without performing some below hand things to undermine it 3. Is there anyone out there who is currently using one in a real account

I am thinking of running it in a mini account with possibly #3k to start any information would be much appreciated thanks

Hello Daveo,

Can it be passable to share this expert with us?

If so please post it here

All of the best

Quick note. Many scalpers do not cover the spread. The INCREDIBLE profits get eaten up by the commissions. 1000 trades x 3-5 pips = 3,000 to 5,000 pips in COMMISSION! - does cover the spread?

Originally Posted by ;

quick note. Most scalpers don't cover the spread. The INCREDIBLE profits get eaten up by the numerous commissions. 1000 trades x 3-5 pips = 3,000 to 5,000 pips in COMMISSION! - Why does your system cover?

What exactly? If it has been forward analyzed on a demo account I dont see why it is a difficulty...

If I needed a scalper earning 3-5 pips a trade and making 100 trade/d I'd be very Pleased

Originally Posted by ;

So what? When it's been forward analyzed on a demo account I dont see why it is a problem...

If I needed a scalper making 3-5 pips per transaction and making 100 trade/d I'd be very delighted

the demo system doesnt cost commission. Whats the point of making 5 pips should you give it to the broker? Lotta scalpers TP at very reduced levels so they look WONDERFUL on demo however turn that baby on reside with money on the line and you're going to start to fully appreciate why all of your brokers kids have mercedes.

Originally Posted by ;

Hi Daveo,

Can it be passable to talk about this pro with us?

If so please post it

All of the best

Your asking for a response to a post created 12 weeks ago. This member hasn't been online in the past 7 months. Constantly check the dates of the posts before asking questions from originator.

Originally Posted by ;

the demo system doesnt cost commission. Whats the point of making 5 pips if you give it to the broker? Lotta scalpers TP at very low quantities so they look WONDERFUL on demo but turn that baby live with money at stake and you're going to start to fully appreciate why all of your brokers kids have mercedes.

Ideally we need a broker that has tight spreads but have you found one that will work together with your EA? And if it is a good EA makes many trades daily small pips are ok in my opinion as long as there are consistent wins.

Originally Posted by ;

Ideally we need a broker who has tight spreads however have you found one that can work with your EA?

Dude I dont recommend scalping, particularly with MT4, its a fools game you'll be simply handing your cash in their pockets.