Why do 99% of eas or most trading robots (EAS) fail on mql5.com site ?

An Expert Advisor, also known as an EA or automated FX trading software, is in fact a mechanical trading system written in MQL4 programming language which has been developed to automate trading activities on the MT4 platform.


Why do most trading robots fail?

Most eas are sold, not used by he developer.They fail because, they may not be scam, or if these eas on mql5 site are scams, it has to be proven, they fail  because they are made for trading in the past data.Many people optimise EAs so that they get the best results using past data. This is shooting an arrow into a wall and then drawing the target around the arrow. This can't be done in real time, so they fail in the future.




To understand this take a look at youtube videos on factory robots,  robots in mercedes factory, robots  in bmw factory.Do a google search  as follows, click  and observe how many robots are used to make a car, then apply logic to market conditions for trading.There are twenty different markets conditions, for traders, to apply 20 different robots at the same time.Each market condition requires a robot coded, the robot can only do the specified function, in trading it means each robot operating in a specific market condition.Most amateurs apply one robot to do 20 functions in 20 different markets, when they need to apply 20 robots.

It is similar to a trader doing 20 markets at the same time,this leads to disaster.Robots can backtest and forward test any system, the theories and trading system /illusions/delusions of traders can be tested by robots.



Here are logics of successful  versus failed robots.
A  profitable robot is made for different 20 market conditions using 20 magics and 20 different  signals  from same EA .Most amateurs try to use one robot for 20 market conditions,inplace of using 20 different robots.

99.9 % of forex robots designers/coders are not suitable for coding  profitable eas on mql5 site.The /ROBOTS are designed by amateur traders,learners, internet scammers and charlatans.


PROFESSIONAL TRADING LOGIC (SIGNALS AND TRADE MANAGEMENT) +PROFESSIONAL CODER=RESULT= PROFITABLE EA

AMATEUR TRADING LOGIC (SIGNALS AND TRADE MANAGEMENT) +AMATEUR CODER=AMATEUR learner failure=== UN= PROFITABLE EA /FAILED TRADER=FAILED EA

GARBAGE TRADER IN + GARBAGE CODER = GARBAGE EA (SELLS THE EA).

Most eas are sold, not used by he developer.They fail because, they may not be scam, or if these eas on mql5 site are scams, it has to be proven. These EAS are all highly optimized on past data , to deceive the buyer  on results.These curve fitted eas sold and rented are alluring buyers, that is the only way they can be sold.It is a marketing trick to CON new traders.

They want one robot to do the task of 20 robots.If you see  video, you will see that one robot can not do everything, you can not design one EA (robot)for all market conditions.

It is virtually impossible task for the little man to design profitable robots, one has to experience and understand profitable trading The industry is the blind leading the blind.Those who failed write books,teach,coach,sell seminars,signals and generally breed the failures of tomorrow.Those who can do, those who can't teach,write books,sell  signals.coach, educate and sell maps of technical analysis..Those who can trade,trade!Those who know nought are gurus to the new failures of tomorrow.These people mislead ea developers.

We have industry of >98 % failures, they don't know how to trade, never traded profitably, these failures made money from selling education via books, signals,educationalist courses,trading seminars,trading advice,selling eas,  pretending to be traders and stooges for bucket shops, they are  teaching how to trade profitably, when they don't know how.



Most amateurs use knowledge of fake gurus, have it coded into an EA, only to find the robot does not make money, only the  guru ran off with a $1,000  dollar trading course.The guru has disappeared, with a notice "all trading carries risk of loss".

Everything you learn't from book writers can also be back tested,to see if the book guru was a BS  merchant,before you put any money on his snake oil opinions.

How many other ways can robots help?Do you know of any other reasons why robots fail?

FAILED TRADER=TRADING GURU, teaches NEW TRADER = FAILED TRADER+ AMATEUR CODER= FAILURE OF ALL ROBOTS.

These fake gurus start brandishing opinions on Robots, putting other traders off, so traders waste more of time on the failed EAS, after realizing the fake guru wasted his time.


Which functions does a Forex Expert Advisor have?

Potentially, the best Expert Advisor Forex can be developed and programmed to work in multiple ways, e.g. by utilising a selection of technical indicators ( MA - moving average, MACD - moving average convergence/divergence) or by searching for necessary trends and breakouts. By applying those diverse indicators, the EA will make the decision which action to undertake - purchase, sell, or simply just place an order on the market.

The following functions are automated on expert advisor:
Signal to open trade
signal to close trade
extern int StopLoss=100;
extern int TakeProfit=100;
extern int BreakEven=100;
input int PointsToSupRes=50;
input bool UseMartingale=false;
input bool WorkAsTradManager=false;
extern int ResetLossAfterXPipsInProfit=80;
extern int AcceptLossPips=10;
input bool MaxLot=2;
input int MaximumOrdersPer24=2;
input int MagicNumber=11011;
extern int PartialDistance=1000;
input double PartialPercent=50;
input string StartTime1="09:00";
input string EndTime1="13:20";
extern int StartTrail=100;
extern int TrailingStop=50;
extern int TrailingStep=10;
extern int PipsTonEntryLong=30;
extern int PipsTonEntryShort=-30;
input string MondayStartTime="10:00";
input bool UseCloseFriday=true;
input string FridayCloseTime="19:00";


IS  FOREX IS A SCAM? - WHY TRADERS LOSE MILLIONS TRADING FOREX AND USING WEALTH GENERATORS

MQL5.COM   IS  FOREX IS A SCAM? 



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