Re: Something interesting please post here (Metatrader)
3801Can you please DM me the ea's name if you know a good one?
No. Sorry.miccaluko155 wrote: Tue Apr 30, 2024 5:21 am Can you please DM me the ea's name if you know a good one?
this EA has :JohnnyRy wrote: Tue Apr 30, 2024 3:34 am Just a word of caution here. The coder of that EA does customers a solid by providing specific broker-dealer and instrument information on the sales page.
@miccaluko155, I see that you're in the U.S. The coder recommends IC Markets as the broker-dealer. IC Markets is an overseas CFD dealer. As CFD's are banned in the U.S., you likely face an insurmountable challenge in finding a suitable broker-dealer for the EA. CFD dealers generally offer instant trade execution because they are strictly in-house market makers not connected to any underlying interbank forex market. In contrast, all U.S. forex trades must ultimately be cleared in the interbank market--and this generally requires market execution (as opposed to instant). If you buy the EA and flop it onto an M1 chart with a U.S. market execution broker-dealer, you might get unpleasantly surprised by slippage and/or requotes. Generally speaking, M1 strategies are highly tailored to a specific broker-dealer because higher data resolution means greater data discrepancies across different broker-dealers. We also have to consider the fact that the EA only trades during times of high volatility, and volatility's gnarly effect on spread, slippage, and requotes in a market execution environment.
I would say at least, backtest the EA on real tick data in your specific live account before buying the EA.
Really $1200 = reasonably priced????ionone wrote: Wed May 01, 2024 1:56 am this EA has :
- ancient signal
- is small in size (so it doesn't store trading dates like the other EAs)
- backtest the same on almost anything you give it to
- reasonably priced
If you add mladen's Volatility ratio (non-directional) indicator to your tops and bottoms, you likely won't need the 1200 USD EA.
well for a working EA, I think it's reasonably priced, all things considered (if you consider that a good working EA is at least $100K)
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