stickerman
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As a newbie to Forex I was hoping to find an EA which would create some kind of regular income. I'm not looking to be mega-rich, just try and beat the losses I've suffered in other (more traditional) forms of investment (now well down!).
Where do you look for a good EA? I have tried various 'independant' review sites and found them very mixed (and perhaps biased). When I 'googled' Forex Funnel I found a site called forexcritic.com. This stated that out of 14 programs tested, only 3 were any good, and Funnel was the best. By accident I found the same site when 'googling' Forex Beater. The site then said Beater was the best one tested. At one point I had 5 sites of forexcritic open at once, all recommending a different program, all being the best of the 3 that worked! Who's kidding who?
So, how do you know where to look (and who can you trust) before risking hard earned cash. FPA has excellent reviews, but it seems all the products have deeply held views, both for and against virtually every product!
Take Forex Funnel as an example. FPA reviews are mixed so I tried Funnel. Having checked very carefully that it was set up correctly, it worked well for a few days (from 5000.00 in a demo account to 5600.00). However, last night it made a losing trade of over 2000.00, with my equity balance down to just over 3000.00. Think it's time for a refund.
Am I looking for the impossible, or just wasting my time? I have a full time job which means I don't have time to monitor a screen. Is it time to go back to busking by the train station at weekends to make ends meet, or can anyone suggest a program that is likely to work over a period of time?
Regrads to all.
Where do you look for a good EA? I have tried various 'independant' review sites and found them very mixed (and perhaps biased). When I 'googled' Forex Funnel I found a site called forexcritic.com. This stated that out of 14 programs tested, only 3 were any good, and Funnel was the best. By accident I found the same site when 'googling' Forex Beater. The site then said Beater was the best one tested. At one point I had 5 sites of forexcritic open at once, all recommending a different program, all being the best of the 3 that worked! Who's kidding who?
So, how do you know where to look (and who can you trust) before risking hard earned cash. FPA has excellent reviews, but it seems all the products have deeply held views, both for and against virtually every product!
Take Forex Funnel as an example. FPA reviews are mixed so I tried Funnel. Having checked very carefully that it was set up correctly, it worked well for a few days (from 5000.00 in a demo account to 5600.00). However, last night it made a losing trade of over 2000.00, with my equity balance down to just over 3000.00. Think it's time for a refund.
Am I looking for the impossible, or just wasting my time? I have a full time job which means I don't have time to monitor a screen. Is it time to go back to busking by the train station at weekends to make ends meet, or can anyone suggest a program that is likely to work over a period of time?
Regrads to all.