Do Profitable Expert Advisors Exist?

If you look around the web you can find more Expert Advisors than traders. There are so many broke wannabe traders throwing crappy EA’s together to make some easy money. The problem is they are always backtested and never tried in a live market, which means the result is very questionable at best.

Besides not being able to trust the results, they very often don’t work at all in a live market, and if they do actually hit a winning trade it’s not consistent. I have been in the game for many years, and I have never seen an EA that returned consistent profits. I have seen a few that actually worked pretty well for a few weeks, or in some rare cases even a few months, but none that continue to work.

I have no doubt that profitable Expert Advisors exist, however they are not available for purchase, and if they are it’s with a hefty price-tag. Think about it, if you had developed an EA that actually worked, steadily increasing your account balance every month, would you even consider selling it? I surely wouldn’t.

My advice is to stop chasing crappy EA’s that don’t work, and instead learn how to trade! It takes time and effort, and even a few margin calls, but you will get there if you are consistent.