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Expert Advisors - Q & A etc.

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Stormin_Norman said:
no, he's being serious.

why did you choose your username? it screams 'marketing ploy' and discounts any opinions you give; especially in regards to that specific EA.
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Why not choose it? I am using it. As if anyone from the developers could be bothered spamming sites to drum up business. You have got to be kidding.

I would imagine there would be plenty of people who would be interested in it for sure. Why would you not?

You would be crazy not to give it a try. I am trying it. I still work. I'm using a small account size. I'm using small risk. I'm not aiming to make millions over night. I'm just the same as the average householder. I've got a mortgage and two kids. Drive a second hand car and work in a Factory.

I've been trading for about One Year now and I would not call myself an expert. I would not try to pretend to be anything different from what I am.

I accept criticism. The only reason I added to this thread was to see if anyone was using it. Not to promote it. Like I could be bothered promoting it.

You just have to look on youtube, there is enough promotional videos on there. If you were selling a product you would be using every means that you have to promote it. That's what promoting a product is. If you have a product that works why would you not promote it? Sure there are scams out there that wont work.

Sure the username suggests promoting it, but seriously I'm just the average user trying to make his way in the world.
 
LOL.

All the websites and videos are made by the SAME PERSON.(Which is probably you:p:)

Don't you get it??

It called marketing/spamming.

Learn how to do a Whois then check out who owns the sites.
 
fapturbo said:
You have got to be kidding right?
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No its a fact, and i have seen it myself when i scalp forex. Quite often people i know are the ones who are slightly quicker and they get the trade rather than me...

fapturbo said:
I would imagine there would be plenty of people who would be interested in it for sure. Why would you not?

You would be crazy not to give it a try. I am trying it. I still work. I'm using a small account size. I'm using small risk. I'm not aiming to make millions over night. I'm just the same as the average householder. I've got a mortgage and two kids. Drive a second hand car and work in a Factory.

I've been trading for about One Year now and I would not call myself an expert. I would not try to pretend to be anything different from what I am.

I accept criticism. The only reason I added to this thread was to see if anyone was using it. Not to promote it. Like I could be bothered promoting it.

You just have to look on youtube, there is enough promotional videos on there. If you were selling a product you would be using every means that you have to promote it. That's what promoting a product is. If you have a product that works why would you not promote it? Sure there are scams out there that wont work.

Sure the username suggests promoting it, but seriously I'm just the average user trying to make his way in the world.
Click to expand...

Why would you not try it? The cost...

Why would you not promote it? As we have all said, why would you risk changing the market and making the whole system unprofitable when you could just leverage up and make squillions for yourself if its so good.

My mod-sense is telling me that this is very close to spam so we will be watching....
 
You just have to look on youtube, there is enough promotional videos on there. If you were selling a product you would be using every means that you have to promote it. That's what promoting a product is. If you have a product that works why would you not promote it? Sure there are scams out there that wont work.
Click to expand...

 

It is a big bad world with lots of people willing to take your money.

I'm running it to try it. So if that makes me gullible or a fool for wasting my time and effort then so be it.

If it works and runs a positive equity curve then all good. If not then I'm just another sucker.

But I don't think so.

:)
 
Wysiwyg said:
An open thread about Expert Advisor auto-trading.

Well although being monitored and a complete newcomer, the lack of EA threads has encouraged me to start this thread to encompass EA`s and the meta quote language in MetaTrader4.

First question is how to set an EA to execute trailing stop adjustments `without` having to manually O.K. the adjustments/steps?

I have unchecked the "Ask manual confirmation" box in Tools-> options-> Expert Advisor.Do I have to modify the EA script manually also?
It is a profitabale EA (possibly via agreement :eek:) and I will likely use it after further forward testing.

Look forward to any input - output. Wabbit, drop in when you are back from hols.:)
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is the EA meant to be modifying the trailing stop ?

is it a 'true' trailing stop?
or does it move the stop loss as the market moves?
 
Stormin_Norman said:
is the EA meant to be modifying the trailing stop ?

is it a 'true' trailing stop?
or does it move the stop loss as the market moves?
Click to expand...

Hi, yes the trailing stop ratchets o.k. on the demo back-test ( Type_TS_Calc=1; // 1 - classic ) and ( FactorTSCalculation = 0.5; )

If the EA functions automatically in Strategy Tester then it isn`t the code I think.

But demo live has the order ticket pop-up to manually activate the trade.I also unchecked "Confirm DLL function calls" so that may do the trick.

Anyway here is a result in which there is obviously a high drawdown.What is an optimum drawdown figure please and also is there anything else that is obviously wrong??

A 46 day / 5M bar test in an extremely volatile period.
 

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Wysiwyg said:
Hi, yes the trailing stop ratchets o.k. on the demo back-test ( Type_TS_Calc=1; // 1 - classic ) and ( FactorTSCalculation = 0.5; )

If the EA functions automatically in Strategy Tester then it isn`t the code I think.

But demo live has the order ticket pop-up to manually activate the trade.I also unchecked "Confirm DLL function calls" so that may do the trick.

Anyway here is a result in which there is obviously a high drawdown.What is an optimum drawdown figure please and also is there anything else that is obviously wrong??

A 46 day / 5M bar test in an extremely volatile period.
Click to expand...

is this an EA youve coded? or have u come across it somewhere?

i trust youve unticked the 'ask manual confirmation' button when youve added the EA? its on the same window as the confirm DLL function calls?

i find the backtester to give questionable results at best. what the backtester says, and what a live forward test does are very often quite different. i hold little credence for back testing. if youre going to test it forward test it (which is what youre doing :xyxthumbs )

a draw down. my maximum draw down is 25%. if the system is profitable a draw down larger then that usually means lot sizes are too large for the system.

a 25% draw down is equivalent to 5 trades in a row being losers.
 
What you need to be looking at is the Profit to Drawdown Ratio.

This is the best way to compare two systems.

The better the Profit to Drawdown ratio the better the system can be scaled.

If you really like system designing and backtesting then I can point you towards this if you like.

http://www.amibroker.com/
 
fapturbo said:
Hi there mate.

I've just started using an EA and so far have found it worthwhile.

I don't want to promote it in anyway since it is against the rules aparantly.

I've never used an EA before now and I have to say using it makes trading quite a bit easier :)
Click to expand...

fapturbo said:
What you need to be looking at is the Profit to Drawdown Ratio.

This is the best way to compare two systems.

The better the Profit to Drawdown ratio the better the system can be scaled.

If you really like system designing and backtesting then I can point you towards this if you like.

http://www.amibroker.com/
Click to expand...

:cautious:
 
Stormin_Norman said:
is this an EA youve coded? or have u come across it somewhere?
Click to expand...

A free to trial version.

i trust youve unticked the 'ask manual confirmation' button when youve added the EA? its on the same window as the confirm DLL function calls?
Click to expand...

Yes.

a draw down. my maximum draw down is 25%. if the system is profitable a draw down larger then that usually means lot sizes are too large for the system.
a 25% draw down is equivalent to 5 trades in a row being losers.
Click to expand...

See 2 orders (buy & sell) are opened simultaneously to catch a breakout either way.The loss streak happens now and then due to the market bouncing between the buy/stop loss and the sell/stop loss.
Works superbly on breakouts and love to see the trailing stop ratcheting in gains.

Anyway thanks for your input and good luck.
 
fapturbo said:
There is a Stealth mode which means that the Stop Loss and Take Profit figures that are transmitted to the Broker are different to the inbuilt SL and TP figures.
Click to expand...

Them brokers will not like that.

Did you know there is Straight Through Processing in which the broker dealing desk is by-passed?
 
Wysiwyg said:
Yes of course and also with ECN you get to trade against other broker clients, market makers and banks.

Have a look here for further understanding if you want.
Click to expand...

I am currently set up with Go Markets.

I have yet to see any significant requotes or anything like that yet.

However I will be watching for it.
 

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