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I saw on many forex forums, people always ask about high profit expert adviser. Is it exist ? Many expert adviser programmer always try to develop expert adviser which can results high profit, as high as possible. Some programmers fail, but – I believe – others succeed. But where is those high profit expert adviser go? Why it’s not exist on media?

First time dropping myself to automated forex trading, I was using martingale type expert adviser. It gave small profit about 20%-30% per month (even it still higher than bank rates). But someday on middle 2009, it went to margin call (loss trading and all my balance sucked out). Then made another deposit and ran another expert advisor with different technique (but still a martingale one). But also went to margin call.

Almost desperate, I decided to study MQL4 programming by myself. I’m not a computer programmer before. Fortunately MQL4 language is not hard to learn. And to shortcut my expert adviser programming thrill, I start to cross-breeding many expert advisors I met. Then after 2 months bleeding with this amazing MQL4, now I have 3 expert advisor that I can trust.

The best expert advisor of mine can result 400% per month. The second place is can result 650%  in four month. And third expert advisor can resulting 450% in four month. But the third expert advisor is make a lot of positions so make it good to share it with referral purposes. All prediction was simulated (backtested) from January 2010 – May 2010.

Now I learn something. High profit expert advisor is not impossible. It is real and exist on forex world. But after the expert advisor found their expert advisor is high profitable, they won’t reveal it. In fact, they start to hide themselves from any forex media and start spend their new high income somewhere else on Caribia or Bali. They don’t need to sell their expert advisor to obtain high profit. Because selling a high profit expert advisor to many customers can make forex brokers bancrupt. And before forex brokers bancrupt, forex broker will lock your account to prevent it.

So the conclusions are:
1. person who can build a high profit expert advisor is only ourselves. No one out there can do the code for you.
2. high profit expert advisor will not exist on market to customer buy it.
3. expert advisor available on market commonly only result small profit (even still higher than bank rates).
4. study MQL4 is the best way for you to become new rich man on automated forex trading.

May Pips Always With You and Me.

I start my forex trading one year ago.  For several months I did manually. Forex profits are daily I got. But maybe caused by boring, I started to loss my forex profits. So I change my strategy to use forex expert adviser, replacing my manual style. So on next several posts, I will tell my story or my review about forex expert advisers I have tried. Now using forex expert adviser, my forex profits are not as much as manual style, but they are (the profits) still above bank rates.

One forex expert adviser I use is 2013 expert adviser from eracash.com  owned by a malay person. You can obtained this free forex expert adviser from the web site with one condition, you have to register to instaforex or ikofx forex broker under his affiliate. If you are not happy with the brokers, so after you obtain the expert adviser file, you can decompile it and remove several lines instruction on checking account number section. I’m not recommend this decompile since I think it’s copyrighted. But evaluating the 2013 expert adviser script indicating this expert advisor is 95% identical with another expert advisor named GP Morgan. The difference is 2013 has time filter feature and stoploss (something that not exist on GP Morgan expert advisor). So I don’t know who create this expert advisor first but I believe one of them did copy and modify the expert advisor and spread. So maybe if we decompile this expert advisor will be okay as long as we use it for personal usage.

2013 expert adviser is a martingale base expert adviser. It’s equipped with script to anticipate a wrong position against a trend occur. In most common case, using this technique is good and profitable. But forex market is volatile and unpredictable can cause total loss of you forex balance if you not have adequate money management risk. Some setting featured in this expert adviser give flexibility to managed how much loss you can take. Fine tuning on this section can avoid you loss all of your balance.

2013 expert adviser (and GP Morgan too) work based on previous closed price bars value. The expert advisor creator only wrote script check and compare two bars before make a decision sell, buy or stand by. In most case, this technique is can give profit about 20%-30% based on my experience. But also I can say it’s also sometime make bad decision due to fake signals. So the best way to anticipate is using time filter feature which already planted inside this expert advisor. And I believe 2 hours after London market open until London market close is the best forex time frame to nail profits. So set your time filter to this time frame commonly will give profits.

Because the way of decision is depend on previous bars, I think the best pair to trade is EURUSD with 1H time frame. I see bigger risk will run on other pairs. I test it also on GBPUSD returning several danger position (makes me can’t go to sleep well). But as every expert adviser creators say, there is a lot of risk on forex, so you have to check often your trade positions. Including this 2013 expert adviser. Don’t let it work without supervision.

Good thing of this expert adviser is it work like a cowboy, it often open position. We will happy watching this ea work. But careful if it open position against trend or your smile will disappear from your face immediately.