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Expert Advisors - Q & A etc.

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Those figures show exactly how this EA sucks em in.

Check out the largest loss compared to the largest win.

A couple of consecutive stop outs and your broke.
 
fapturbo said:
I don't know what sort of optimizations are done on this EA.

Seems to be some curve fitting has been done for recent periods which has given this EA some sort of profitability.

Too much curve fitting can be a problem.

Like I've said before the only real test is to do forward testing.

Having backtested gives some idea on how it has worked. Does not mean it will continue to work. The market is ever changing.

I don't know how you determine if a system is broken. What sort of drawdown would you take before you decided to stop.
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from your tests my conclusion is that, like many EAs runs nicely when optimised to backtested data (look at recent results vs those further back).

i think youve come to the same conclusions i would have. ie curve fitting + changing markets means it could come a cropper.

i look at maximum drawdown at about a week's profit. any more then that i see it as being too large.
 
Wysiwyg said:
...the big end of town have a better grasp on auto-trading than the (end of food chain) retail sector does...
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like in equites, the autotrading at the big end of town was driven by the need to trade big and fast without disturbing the market (eg iceberg orders etc).

Here's a couple of interesting articles from the big end of town:

"Algo trading: the dog that bit its master"

http://www.ft.com/cms/s/0/cd68eae2-f1e0-11dc-9b45-0000779fd2ac.html?nclick_check=1

"Algorithmic Trading in the Global FX Market: The Need for Speed, Transparency and Fairness"

http://www.hedgeweek.com/download/1...orithmic Trading in the Global FX Market .pdf
 
Page said:
Hi
I never used an EA till now but I think i have to go for it.
:rolleyes:
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I would go in very very slowly at very small amount. My testing of various free EA has made me huge losses lol :D

It gets up a little then takes all your dough.

Just users beware. If one works consistently, then there would be no variation out there being sold, that is only what has been sold. Look at the ones people share freely on the net. Some of them work quite well but still not impressive. The best way, I think is manually cos you have the control if you watch your chart and go with it and be discipline. It is more fruitful I say cos AE is so automatic and precise and any deviation would limit its credibility.

I have one running now, up a few grand, now down 5-6 k on demo of course.
 
that said, the 'free' ones on forexfactory + TSD forum are still better then the vast majority of the 'for sale' EAs.

use the free EA to learn how they operate, have look at the code (especially code written by the forexfactory user 'ronald raygun'). understand how theyre developed and generally how they operate.

then go back to trading plans. if you have a mechanical trading plan which if adhered to strictly is profitable; then that may be able to be explained (coded) to a computer (written in mt4) and the computer then can trade it as its written.

computer's have no discretion. but they do not sleep and stick to the rules as explained to them. the advantages are the disadvantages.
 
Stormin_Norman said:
that said, the 'free' ones on forexfactory + TSD forum are still better then the vast majority of the 'for sale' EAs.

use the free EA to learn how they operate, have look at the code (especially code written by the forexfactory user 'ronald raygun'). understand how theyre developed and generally how they operate.

then go back to trading plans. if you have a mechanical trading plan which if adhered to strictly is profitable; then that may be able to be explained (coded) to a computer (written in mt4) and the computer then can trade it as its written.

computer's have no discretion. but they do not sleep and stick to the rules as explained to them. the advantages are the disadvantages.
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yeh ronald raygun is a good young coder at FF... im currently using an EA that i understand inside and out and adjust all the time... i would never use an EA that you didnt understand how it operates ie selects trades...

i think the trick is to use EA's in a semi auto fashion, where the trades are opened auto but you have to manage those trades and when to use the EA... i dont think any system is set and forget as markets are constantly changing in their charactersitics...

ie the EURGBP use to range all the time, now is susceptable to long trends without significant retraces... thats the problem with the EA's that are sold, they will work for a period of time then wont work and you cant cahnge it to adapt to teh changing market cos you have no knowledge or udnerstanding of how it ultimately works..
 
Stormin_Norman said:
that said, the 'free' ones on forexfactory + TSD forum are still better then the vast majority of the 'for sale' EAs.

use the free EA to learn how they operate, have look at the code (especially code written by the forexfactory user 'ronald raygun'). understand how theyre developed and generally how they operate.

then go back to trading plans. if you have a mechanical trading plan which if adhered to strictly is profitable; then that may be able to be explained (coded) to a computer (written in mt4) and the computer then can trade it as its written.

computer's have no discretion. but they do not sleep and stick to the rules as explained to them. the advantages are the disadvantages.
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Yes, I am kinda learning how to adjust some of the codes especially the indicator alerts. I am kinda stuck somewhere but hopefully after a bit of adjust here and there I can use it as a mere indicator alerts rather than EA. See how it works out then might give EA a try for a small tiny account :D.

But again IB is annoying me or rather Etrade. Not sure who I am itchy to blame at the moment. My assets transferred still not being executed yet. Told IB how to do the asset transfer from Etrade, and no they said that is not the correct way to do. Then again Etrade cannot help without receiving broker makes a request. Who comes first EGGs or Chickens anybody ???

People are too stubborn with their policies sometimes when widsom of judgement is required !
 
Visual Trading Studio

I had a look on forex factory & forex army but can`t find a review or comment on VTS which is Visual Traders Studio.It (apparently) is an Expert Advisor builder that converts to MQL by putting the components, functions, logics, variables etc. onto a `drawing pad` to build the EA strategy of your choice without having to know the MQL syntax.

When you drag an item from the Toolbox to the Drawing Pad, VTS prompts you to configure the function correctly.
There is no guess work. Values for each parameter are available from an easy pull down menu.
Press the Build button. That is it.
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Looks good but there isn`t much mentioned about it anywhere.Priced okay for the endless amount of EA`s you can make.

Screen shots below.
 

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Wysiwyg said:
Visual Trading Studio

I had a look on forex factory & forex army but can`t find a review or comment on VTS which is Visual Traders Studio.It (apparently) is an Expert Advisor builder that converts to MQL by putting the components, functions, logics, variables etc. onto a `drawing pad` to build the EA strategy of your choice without having to know the MQL syntax.



Looks good but there isn`t much mentioned about it anywhere.Priced okay for the endless amount of EA`s you can make.

Screen shots below.
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thats awesome considering how retarded I am with programmming...
 
im interested.

while i wouldnt 100% trust it, itd be a great way to quickly build EAs to test on.

from there it can be coded up 'properly'
 
I'm interested. How about we pool some money, buy one copy and see if someone like Wabbit would be willing to check the output and tell us if it does the job well?
 
Wysiwyg said:
Visual Trading Studio

I had a look on forex factory & forex army but can`t find a review or comment on VTS which is Visual Traders Studio.It (apparently) is an Expert Advisor builder that converts to MQL by putting the components, functions, logics, variables etc. onto a `drawing pad` to build the EA strategy of your choice without having to know the MQL syntax.



Looks good but there isn`t much mentioned about it anywhere.Priced okay for the endless amount of EA`s you can make.

Screen shots below.
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Something to remember!!!!!!!!

There is the possibility that MQL5 could come out and the language might not be compatible with the VTS software.
 
its been said its coming ever since i started trading. wonder if its any closer.

id imagine either mt5 terminal will run mt4 code, or both platforms will be offered, at least in the short term.

either way, i have a mt4 historical tester set up, so itd be good like i said above, to slap something together and see if it has potential.
 
Stormin_Norman said:
its been said its coming ever since i started trading. wonder if its any closer.
id imagine either mt5 terminal will run mt4 code, or both platforms will be offered, at least in the short term.
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Hey there stormin, the Stanislav Starikov interview back over a year ago suggested MQL5 was near completion, but obviously not.He mentions a few additional functions that will be available.

I like these Trend Indicators.I wonder if there are any similar/same versions for free or are they easily coded?What determines the green or red arrow/uptrend or downtrend in each time frame? The multi time frame signal for entry/exit.
 

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