is there any profitable ea to trade with ftmo or my Forex funds

[Samantharsk]

do anyone have any profitable ea could you share it pls does anyone have the file please share here

 

[Daantje Pieters]

It’s better to stay away from EA trading because it sometimes leads the market to crash. In Forex traders can trade currencies, metals, cryptocurrencies, oil etc. But metals are riskier than cryptocurrencies as the spread in metals charged by brokers are far more than that of cryptocurrencies. So, trade what is best for you.

 

[nyamso]

i believe there are EA which are profitable and can trade fine with the market

 

[cupricfoild]

Not in my experience, referring to an ea that you put it in and forget about, not in my experience.

 

[matepl]

I tested a dozen EAs and none met my expectations - fire and forget doesn't work.

 

[deroty]

I advise you not to involve with cryptos. They are more on the gambling side. Be careful about that.

 

[kevinlcm]

I think auto + manual can be sustainable but not ea only

 

[adil149]

While there are many EAs available in the market that claim to be profitable, it's important to exercise caution and do thorough research before using any EA for trading with FTMO or any other Forex Prop trading or MyForexfunds. Here are some general tips to consider:

1. Backtesting and Forward Testing: Test the EA thoroughly using historical data (backtesting) and on a demo or live trading account with real market conditions (forward testing) to assess its performance and reliability. Look for a track record of consistent profits, reasonable drawdowns, and reliable performance in different market conditions.
2. Risk Management: Evaluate the risk management parameters of the EA, such as stop loss, take profit, and position sizing. Proper risk management is crucial to protect your trading capital and manage potential losses.
3. Trading Strategy: Understand the trading strategy employed by the EA. Make sure it aligns with your trading goals, risk tolerance, and trading style. Avoid EAs that use overly aggressive or high-risk trading strategies, as they can result in significant losses.
4. Reputation and Reviews: Research the reputation and reviews of the EA and its developer. Look for feedback from other traders who have used the EA, and consider independent reviews from reliable sources.
5. Support and Updates: Consider the level of support and updates provided by the EA developer. A reputable developer should offer prompt support, regular updates, and have a transparent communication channel for addressing any issues or concerns.
6. Regulatory Compliance: If you are trading with FTMO or other Forex funds, ensure that the EA and the trading strategy comply with the rules and guidelines set by the fund and any relevant regulatory bodies.

It's important to note that no trading strategy or EA is guaranteed to be profitable, and trading in Forex and other financial markets involves risks. It's crucial to understand the risks associated with trading and use proper risk management techniques. It's also advisable to seek professional advice and thoroughly evaluate any trading strategy or EA before using it with FTMO or any other similar prop trading companies.

 

[skrimon]

It's important to conduct thorough research, seek recommendations from trusted sources, and consider testing any EA on a demo account before using it with real funds. Additionally, consult with experienced traders or financial professionals who have knowledge of the specific funded trading program you are participating in for further guidance.