miccaluko155 wrote: Tue Apr 30, 2024 1:00 am
Please can anyone help me by shearing a working EA even if I have to pay for it the main thing is that it works. I am sick and tired of losing money.
Great appreciation and God bless you all.
ionone wrote: Tue Apr 30, 2024 1:53 am
this EA seems ok
Please no links top/bottom ea mt5.
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.
“[A]s we know, there are known knowns—there are things we know we know. We also know there are known unknowns—that is to say we know there are some things we do not know. But there are also unknown unknowns—the ones we don’t know we don’t know.”—Donald Rumsfeld, 2002