Expert Advisor: Did you create your own successful EA?

[Gekigusu]

Auto trading is best way to speculate these markets, do discuss a few wonderful EA if you have one.

[alolgu]

Auto trading is best approach to speculate these markets, do share a few nice EA if you've got one. Do you have some experience yourself with EAs?
In the moment I'm still not sure if it's really the best way since I never consitently won with EAs.

[Gekigusu]

quote Do you have some expertise yourself with EAs? Right now I am still not sure if it's actually the best way since I never consitently won with EAs. Yes my finished all experience is good with EA, and I believe if someone is searching for consistent profit afterward just response of automated trading.

I suggest do not over leverage any account, and use some good cash management, and almost all EA will provide positive effects, specially the one that are well established in market. Even simple MA cross EA can provide good results if cash management is wisely used.

Many people lose due to large leverages, and then they blew since they cant handle the DD.

[Bolichela]

Hi, following a long jouney through the world of EAs, analyzing likely almost 1000 and losing money on live accounts I am finally planing to devise my expert advisor. I won't plan it myself but having it programmed. Now I'd like to understand what your encounters with EAs in general and and even more intriguing with self invented EAs are. Either I didn't test the existing EAs correctly or there's not any free good working EA available. I think if there are functioning EAs why would the people today sell them instead of earning money using the EA... Hi myrmica - For the past two months I have been working on converting my manual trading egy in an EA. My intention isn't to run the EA 24/7...I'd only like to flip it on temporarily. . .say through London while I am asleep. . .or while Im away from the comp for an elongated period of time... so that it may open and manage a trade if the ideal conditions are met.

Knowing that I've had relatively good success with my manual trading egy, I was also just curious about what kind of results I could generate conducting the EA in constant manner throughout many days/months. Im not completely done coding it. . .needs some tweaks nevertheless. . .but thus far the results have been very promising.

[alolgu]

Hi NorthShore,


it is always good if it is possible to convert and program your egy yourself into an EA.
Let us know how it works if you allow your EA operate in full autopilot. What time do you utilize for your EA?

I'm asking because my impression is that backtests get even more unreliable the shorter the interval is. So a lot variables come in when its a test to modify the backtest or demotest outcomes.

Greetings,

[AnaGP11]

1 Attachment(s) https://www.nigeriaforextrading.com/trading-discussion/76-charting-software.htmlI believe knowing how to code a ea is good in that you can actually test your egy in a faster approach to see if it works in a sizable samples of historical data. If I've known about ea, it would shorten my learning cycle. Most of the egies which you loe on the internet are completely useless when you analyzed them from the big historical data. This can help save you time and efforts in stop wasting time in trying these egies on live trading.

Ea is good if your trading is mostly mechanical and it may be coded. I know some traders are discretionary but there are nonetheless a few mechanical rules they follow too. Therefore, it's entirely possible to code an ea to mimic your trading. The point that is important is that you take. It is also possible to better manage your position by pre-calculating your risk percent. And when you have analyzed your ea on a sizable samples of data, it kinda provides you confidence your egy has an edge if the backtesting is favorable. By testing and backtesting numerous egies, it will help to focus on important thing in trading and weed out these hints (esp. Those with habit indiors) which had no edge in any way. I began by paying mql developer to code my ea. After I'm acquainted with the mql program, it is easy to code my own ea (though my previous programming knowledge helps). It really open my eyes as I can test several egies over a time period. That is the way I manage to loe a profitable egy after one year of analyzing several unprofitable ones. I am testing it live using a demo account to see its functionality. Until it reveals itself in demonion trading and please do not exchange your ea with money that is actual. I've learned the hard way

And another important point is that ea does not sleep Therefore, it might help you to grab a trade as you're sleeping.

Attached is my test results over 6 years information and from an initial deposit of 10,000. It seems positive and I am testing it live to see how it works in trading condition.

[Bolichela]

pictureI think knowing how to code a ea is great because you can actually test your egy in a faster way to find out whether it works in a sizable samples of historical data. If I've understood about ea, it would definitely shorten my learning cycle. The majority of the egies that you loe on the internet are entirely useless when you tested them out of the big historical data. This can save you time and efforts in really stop wasting time in trying such egies on Forex. Ea is great if your trading is mostly mechanical and it can be coded. I.. .
Nice eq curve you have there huntingpips. Can you run a backtest and reveal the results for just 2013 (as opposed to a full 6 decades of data)? Starting with a 10k balance, it would be interesting to observe the operation.

[alolgu]

Hi huntingpips,

if the equity curve is only half that good in live ahead testing the EA remains excellent.
Let us know how it develops.

[Bolichela]

1 Attachment(s) A work in progress, but here are the results so far for previous year.

Jan 1, 2013 to Dec 31, 2013

Pair: Euro Yen only
Beginning balance: 10k
Lot size: 1.5lots, for every transaction
RR: 1 to 1 with additional breakeven logic

https://www.nigeriaforextrading.com/trading-system-and-egies/111-markets.html

[Chaloco]

Hello Traders

dwelling in NZ time zones

Big question do these robots work

If you're trying one out on a live account

you wouldn't wish to wake up an watch

your account has been emptied out.

With 99% failure rate on the net from those losing on line with money investments

what's the best way to attack this.

Can you get a robot to work on micro account with $10K

Can you get a robot which will take small trades,hedging pairs therefore margins don't blow out.

I tried a couple of things out they did not work at all,I already know how to eliminate money trading.

The plan is to run the robot on the micro account,just build funds.

What is everyone doing

[Gekigusu]

Hello Traders Living in NZ time zones Enormous question do these robots work In case you're trying one out on a live account you would not wish to wake up an see your account was emptied out. With 99% failure rate on the internet from those losing on accord with money investments What is the best way to attack this. Can you get a robot to work on micro account with $10K Can you get a robot which will take modest trades,hedging pairs therefore margins do not discount. I tried a few things they did not work in any way,I already know how to lose money... I understand many reside accounts which are working on VPS and they're doing great.

[Chaloco]

quote I understand many live accounts which are running on VPS and they're doing good. Hello Robo

considering running the E A on micro account,I will check whether the broker has the VPS support.

That Robot are you utilizing

Were do we learn about these robots,I asked a couple people who had been selling robots if they utilize what

they had been hoping to sell.

Hard case you never hear from them.

[llcamlamllca]

There aren't any prosperous EA's.

[AnaGP11]

quote fine eq curve you have there huntingpips. Can you run a backtest and reveal the results for just 2013 (instead of a full 6 years of data)? Beginning with a 10k equilibrium, it might be interesting to observe the performance. Hi NorthShore,

It rather tank at 2013 (-20%). But, for2007, 2008,2009, 2010,2011 and 2012 (testing for a single year period for every year data), it is running profitably. It appears 2013 is bad for my ea for some reason . Any insights for this?

It's back to the drawing board again. Haha....more testing again....darn Foreign Exchange :0)

ps: I see your ea is profitable in 2013. What about using risk percentage rather than fixed lot on your ea. Maybe it will be better outcomes.

[Bolichela]

quote It sounds 2013 is awful for the ea for a certain reason . Any insights for that? It is back to the drawing board. Haha....more testing....darn Currency Market HP - I dont even have any insights as to why that is. But I would think its always best to optimize your ea with recent market information. Given that market conditions are constantly changing, I dont really see a need to go back very far with evaluations.



quote ...I see your ea is profitable in 2013. What about using risk percentage rather than fixed lot for your ea. Maybe it will be better outcomes. Yes Im sure the consequent profits/balance would be considerably higher with a innovative risk increase for ranking sizes. Problem is that I am a entire novice when it comes to programming and luckily for me my egy is quite straightforward and it didnt take me too long to learn just enough coding to get my EA to where it is right now. I dont understand what line of code to use for risk percentage....yet....Im sure I could learn though. Im learning little by little.

[AnaGP11]

1 Attachment(s)
quote HP - I dont even have any insights as to why this is. But I would think its always best to maximize your ea with current market information. Given that market conditions are constantly changing, I dont see a need to go back very far with evaluations. quote Yes Im convinced the resulting profits/balance would be considerably higher using a innovative risk increase for position sizes. Problem is that I am a complete novice when it comes to coding and luckily for me my egy is quite simple and it didnt take me long to learn just enough programming to get... hello, create some correction into my code and now my 2013 is marginally profitable (~15%) with first deposit 10,000. Make some mistakes regarding the stoploss. Esp. After the mt4 just updated to the new build and cause some rethink for my code. Silly me0) If you need the code, then I can send to you. But not sure the way to do it in this forum.

You can have a look at http://forum.mql4.com/39420 for a number of ideas for risk percent. It's good to pay for the first coding job out of skilled programmer. I used the framework and re-code to test out many egies. This is when I found a lot, if not all, of those egies that you found online are completely useless. That is why I developed my own thought and code my own ea. I sorta think that it's quite risky to share your egy with skilled programmer, and they may actually use your idea and make a single profitable ea. Thus, use an unprofitable egy to allow a programmer code it first time, and then modify it to match your own egy. As soon as you have a fantastic working code and the frame, it's easier to modify it. One of best investment made as I am able to test numerous egies in a quicker manner.
https://www.nigeriaforextrading.com/trading-discussion/89-walk.html

[gemii99]

Hello all, following a very long jouney through the world of EAs, testing probably nearly 1000 and dropping money on live accounts I am finally planing to invent my own expert advisor. I won't plan itself ... Greetings, Myrmica Manual trading is preferable to any ea based trading and as for EA, many don't work after a couple of months.

[Bolichela]

quote Manual trading is preferable to any ea based trading and as for EA, most don't work after a few months. Not necessarily...a solid egy (whether its used manually or in an EA) is one based on exploitable, repeatable, patterns. PA based patterns, or Indi based patterns repeat themselves at an infinite loop. Individual nature/market nature create those patterns first and once you personally or your EA can comprehend them, you can expect the most probable outcome of these patterns. Once you find the perfect combination of patterns on the ideal time, on the ideal currency pair, you are able to exploit those conditions and collect the pips which happen shortly after those setups. On that note, indior triggers and indior patterns are two very different creatures.

In the end, the most important facet of the EA is the money management. Notice the 1.68 profit factor in my backtest. Not really all that good. Likewise notice that the percent of profitable trades is just slightly past 50%....not all that good either. But look at the final result. . .500% growth on the account in 1 year...a fantastic return on the initial investment. In conclusion, I believe it only requires a very slight advantage coupled with superb money management to create extraordinary results.

[samua]

Hello to all my view in this thread will probably be if you have a very profitable egy and may convert it into ea with built in Money Management then it may provide you huge returns... but on the other hand their is a quote which indiors works according market but market do not work according indior but it follows certain principle without which any market cannot do the job so if EA is created with the market principles and rules then that may proof to be a profitable EA. Howsoever both manual traders as well as the traders that transactions with EA should be valued for the great efforts and their tough work. .

Regards

[Heikki]

No; but I'm doing my live trading using my private trading egy! I made my own profitable trading system through using 4 default technical tools with my news trading expertise and knowledge! I get minimum 10% monthly yield from this egy! Yes, I am pleased on it's performance since I receive constant outcome!

[gemii99]

quote Not necessarily...a sound egy (if its used manually or in an EA) is based on exploitable, repeatable, patterns. PA based patterns, or Indi based patterns repeat themselves at an infinite loop. Individual nature/market character create those patterns and once you personally or your EA can recognize them, you can expect the most probable outcome of those patterns. When you find the perfect combo of patterns on the ideal time, on the ideal currency pair, you can exploit those conditions and accumulate the pips that happen shortly after... Fair enough but as often noted, unless the trader has the ability to customize the ea, the ea in query will probably go wonky in a few months down the line. .

[Inmema]

My past tells me it is not worthwhile

in fact, an automatic platform trading is made of coz doable, and if it's profitable, it is going to earn a lot of money

however, 99% on thisforexforum.co.zado not understand just how much time/resource/energy/money necessary to attain this kind of auto system.

Nah, nah, I dare to say all EA I have seen onforexforum.co.zaare crap and not tradeable if your goal is long term consistent profit. why? Since market keeps shing and a typical Joe here onforexforum.co.zado not know how to maintain/adjust the EA.

And when a wise joe does know how to adjust the EA based on variable market conditions, he wants to spend some time doing that, yes, right, he wants to see the market at the very least a while every day.

Afterward all comes back to one fundamental conclusion:

are you manually profitable? If you're manually profitable, why do you proceed automatically? In any event, you have to spend lots of resources and the latter may (usually) cost more!) Believe again this decision--many ppl do not think it.

In actuality, if you're manually profitable, that is all you want. To conserve time? Adjust your trading frequency and lot dimensions--very straightforward!

EAs on web developed by retail traders??? All crap(since they aren't long term sustainable unless extensive funds spent).

And that is that.


have you got an self devised EA that's working? =gt; maybe not asking to make it public here, just asking out of interest and hopefully a confirmation it's really feasible to invent steady fantastic EAs. Greetings, Myrmica

[Alejangmipk14]

I was putting off studying MQL for over a year because of whatever allergy I'd over programming. Partly because the MQL documentation doesn't er to people who have no knowledge of programming syntax, and I could not discover one newbie-friendly structured MQL4/5 course on the world wide web anywhere.

After viewing a youtube video on a homeless guy who was offered either $100 or the understanding to programme (guess which he took), I realised that with my intelligence and understanding that I should be able to learn too. I came across a proposal made on reddit around Codecadamy and began there on my quest to become a programmer. Of course Codecadamy do not have an MQL4 course, so I began to learn JavaScript because it looked somewhat like MQL4. This was around middle of December 2013. After roughly a month, doing on average 2-3 lessons a day (each lasting 5 minutes-ish at most), and studying if, for, while, array, bool, and just a lot of items, I applied my knowledge to MQL4.

I completed my first functioning EA within two weeks of beginning to programme it, and since I have not really touched the core implementation code, but instead added bells and whistles such as historical investigations. I didn't use one while, array or bool. I pretty much learned on my own with just help from the MQL4 forums. It was that simple, I couldn't believe it.

If your system is straightforward enough, it is probaby better to code it yourself, that means you can change the variables that you need to, that will greatly help the egy tester's optimization.

[mokly130883]

There are no EA more than 2 years.

[gemii99]

There are no successfull EA over two years. Attempt two months and you'd be closer to reality..the truth is most if not all EAs fail after the initial few weeks..very few survive beyond the two month period. Unless you're a coder and a trader, you need to start running for the hills anytime somebody comes knocking, praising automated trading. A couple of EAs do work but often the trader would have to tweak the ea on his own, recode it, input new parameters..so unless you're a coder, it really ain't worth the pain, misery and heartbreak. .

[mokly130883]

@Forexnuts , yes, you're right that knowing how to change/configure parameters will create EAs be more efficiency, but I doubt it'll be enough for 2 months testing time. Although I'm not a professional EA programming, but I do have my very own one. Base on my experience, simply changing the parameters is also not able to be contemplating as a success, however it's depend on which egy the EAs using for execution in the code, possibly reliable on Price Action or Indiors. I stated that there is not any such EA that can be a Immortal Holy Grail, I have seen/used many EAs, and most of all giving out for a good result, but none of them is able to continuously survive longer than 2 years. But you can expand it from the mixing talent with both egy analysis and programming method, not simply a recoding will be triumph. It's mean that you will have the EA to be upgraded from time to time.

I'm not saying that using EA is futile nor good/not great, but only use it wisely!

Thank you.

[gaviglxu74]

I had been putting off learning MQL for more than a year even due to whatever allergy I had over programming. Partly because the MQL documentation doesn't er to folks who have zero knowledge of programming syntax, and I couldn't discover one newbie-friendly structured MQL4/5 course on the world wide web anywhere. After watching a youtube video on a homeless guy who was offered either $100 or the understanding to programme (guess which he took), I realised that with my intelligence and knowledge that I ought to have the ability to learn also. I came across a suggestion... Inspirational!
At the conclusion of the day, if you're running and EA that you can not tweak, then you may as well expect surprise results once in while. Restricted control over your own trading system and over dependence on the system normally have flaws sooner than anticipated.

[Eimin]

I made an EA by utilizing a freelance coder based in my manual system few decades back. Nevertheless, it didn't work well for the market conditions during that time. So I am doing manual trading.

[Pexxicem]

I'm trading with. I've modified most of these. Some of these work without alterations.

[gemii99]

@ , yes, you're correct that understanding how to change/configure parameters will make EAs be more efficacy, but I doubt it will be enough just for 2 months analyzing period. Although I am not a professional EA programming, but I really do have my very own one. Base on my experience, just altering the parameters is also not able to be thinking about as a survival, but it is depend on which egy the EAs using for implementation in the code, possibly reliable on Price Action or Indiors. So I said that there's no such EA which can be an Immortal Holy Grail,... You are welcome..and up to now, have used just 3 eas and while one did deliver over and above what I had anticipated which was more as a consequence of inadvertent partitioning on my part. It did fail in just two months..hence both month label in my response.
I do concur with you which egy matters and if you don't understand how to tweak the ea, well for my two pennies you're better off with manual trading or hedge funds. .

[Homacio]

Hello mates
I'm new to the pros and indiors characteristics at the MT4
I was wondering, can someone describe to me in a brief how to utilize the ATR indior?

[oxgmeselva9]

Who can create EA with this indi - I believe it's an fantastic possible
https://www.nigeriaforextrading.com/attachments/1526965356876390319.jpg
https://www.nigeriaforextrading.com/attachments/152696535859167306.01

[1972]

Hello all, after a long jouney through the universe of EAs, analyzing likely almost 1000 and dropping money on live accounts I am finally planing to invent my expert advisor. I will not program itself but having it programmed. Today I'd like to understand what your experiences with EAs generally and also even more intriguing with self invented EAs are. Either I did not test the current EAs correctly or there's not any free fantastic working EA available. I think if you're working EAs why could the people today sell them rather than earning money using all the EA...
Hello Mymica I know that this is old fashioned, I made an ea that its profitable.

Here is the backteestick from 2003 for this day whit dukascopytickdata and im now in actual account trading and its exactly the same (exept for its spread)

I dont have much money to invest and this ea and im not that stupyd to sell this ea I have 500 dolars to begin

here its also my statment sadly I cant leave the account to grow because I have no money to live
therefore I withdrawal a lot
but I only need to tell you that it can be done



https://www.nigeriaforextrading.com/attachments/1526965360741975493.jpg
https://www.nigeriaforextrading.com/attachments/15269653611678637790.jpg

[enmiqw]

Ea's can be useful, they take the feelings from trading and in case you have a issue with that a EA will probably be great for you, assuming your system is profitable.
I had an EA created for me before, but unfortunately it has ceased working on the new MT4 variant. I trade manual atm

[Luiis8]

Roughtrader do you use some scripts which assists in manual trading? In some situations in guide trading MT4 platform isn't too handy.

[Bisbalpamk]

99 percent with thisforexforum.co.zadon't know how much time/resource/energy/cash required to achieve this kind of auto system Not trying to rain on anyone's parade or seem negative but I agree 100% with this. I learned a while back it requires more then just technicals to be profitable. I use technicals to get an idea of where I believe that the market will go, but I use price action and also my 10 years experience of trading to help determine if I need to put a trade or stand aside. Trying to plan something like this can be very, very time consuming or almost impossible.

[jaimeag96]

Please I'm new to EAs,I want metaEditor.exe, please I want a link where I could download it or kindly post it. Thanks.

[Phemn]

Hello all, after a very long jouney through the world of EAs, testing probably almost 1000 and dropping money on live accounts I'm finally planing to invent my expert advisor. I won't program itself but having it programmed. Today I'd love to know what your experiences with EAs in general and also even more interesting with self devised EAs are. Either I didn't test the existing EAs correctly or there is not any free good working EA available. I think if there are working EAs why would the people today sell them instead of earning money using the EA... Tried to create one but spent too much time finding good MT4 coder which correctly understand your needs.

[ilgocpkme]

Who can create EA with this indi - I think it's an great potential image file It will kill Your Own account in ranging market

[Belenmoc]

Ive been trading 10-20 pips in a time but I have to be prepared for the awake, and sometimes im too slow to place trades to make it worthwhile... if greater than 1 alert goes off by the indior, I miss a few as I could only manage 1 in a time (slowley!)
I obviously have the indior file and theres ifunction code prepared for deveolper... can I work out how to put together? No https://www.nigeriaforextrading.com/attachments/1526965350.png now I managed 25 transactions, 21 sucessful and 4 maybe not. The 4 I dropped was mainly bad/incorrect SL. If I had been sat at the pc all day (which im not) I had around 50 alerts.... Obvisouly missed a few that were fair.

So im up to an EA if I could manage it... but I didnt so.... https://www.nigeriaforextrading.com/attachments/1526965350.png

[alolgu]

Hello all,

after a very long jouney through the universe of EAs, analyzing probably almost 1000 and losing money on live accounts I am finally planing to devise my own expert advisor.
I won't plan it myself but having it programmed.
Now I'd like to understand what your experiences with EAs in general and also even more interesting with self invented EAs are.
Either I did not examine the present EAs properly or there's not any free good working EA accessible. I think if there are functioning EAs why would the people today sell them rather than earning money just with the EA itself?
Have you got an self invented EA that is working? =gt; Not asking to make it people here, just asking out of interest and hopefully a confirmation that it is actually possible to devise continuous good EAs.

Greetings,