Need an EA for GOLD that earns fair profit - page 2

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isaacarsenal:

@joebaatan:

I was asking for a EA which gets my money and earns little "profit".

Putting money in a box will not give us "profit". Putting money in a bank account is a better idea with "no risk" but i want to try Forex.

instead of trying to be funny, Please help! :(


If you want funny time go to Casino. Forex is not a game. Try to implement a strategy using technical analysis for example. Read 2 or 3 technical analysis books to have an idea about the different indicators and chart patterns. After that try to implement a strategy by backtesting it with previous datas. Apply a good money management and read MQL4 book to develop your strategy . You should first try to create an indicator related to your strategy and only at the end implement an expert advisor. When your ea will do exactly what you want you will be more happy than if you obtain a program without knowing how it works. Trust me, try to learn it by yourself and don't hesitate to post your code as long as you develop it to have advices.

Joe

 

Ok, if you want little risk and little profit, but more than in a bank...just buy gold and hold it...it outperformed the dow and other indices for years..and definetely the bank rate as well...

 
isaacarsenal:

I need a Expert Advisor that trades GOLD and earn a fair profit.

I tried "MasterMind" and several suggested EAs. but all of them fail to earn profit in "Strategy Tester".

I don't know but maybe they need any custom configuration for earning profit in GOLD.

Why gold? It doesn't really matter what the currency is surely, as long as one makes a profit? As someone has already commented, buy and hold is a better strategy for gold which is bullish in the medium-long term. Anything else is volatile, and volatility is what you want with forex trading particularly scalping which is ultra-short term ie intraday trading. You can check out some scalping EA's on my blog if you like.
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