Semi real and profitable. Forex has been more of an advernture into shorter time frames so far. Previously, prior to the great bear, I was predominately trading options on a 2-10 week time frame based on earnings growth and technical swing and trend. Once the volitility set in option prices grew to large for comfort, and my time frames didnt hold. So this has been an experiment to gain experience with true short term swing trading and the intraday time frames, as well as the leverage and inherent volitility of the Forex markets.
So far, I've gotten quite wraped up in EA's and scalping techniques, but the prior methods still hold, and are the only way that I've made good consistant profits trading. Further, these methods should transfer to any time frame and any market, within the individual variables of the specific market. Obviously, theres no need for earnings trends in this market, or on the shorter time frames. Its much more about the other players and which way they want to go.
As far as a Forex EA. I would be most interested in something that could enter or manage my trades for me when I wasnt there. Short of full "end of day" trading, I find the intraday time frames difficult to manage and maintain. I often find great patterns, with great potential, but miss the entries or mismanage the trade by not watching it constantly.
My first thoughts on trading EA's was more as a trading aide than a fully automatic robot. Something that could manage intraday time frames and 24 hour trading. Something that could be placed onto an existing trade, and be modified for changing conditions while the trade is running. |