Hi, I am new to this site so this is more of an introduction.

I have been programming EA's on demo accounts and live accounts for 6 months now.

For your information, those of you who program an EA and do a back test which reveals the mountains of pips your bot can collect... don't trust it. Back tests are different to live tests. And also, live demo tests are different again to live real money tests.

The environments are different and I've found this has different consequences.

At first, my EAs were running with huge profits on a backtest, even with over 95% accuracy on the test, but come to a live demo test the results were different. And then with a live money account even more different. You have to be careful when moving from demo to live. Don't be naive. Do your research and start with very low lots and increase as your confidence becomes more consolidated with the bots performance.

Different brokers can affect a bots performance also. I have experimented with many brokers and have settled on a good one which has very fast transactions and fast server ticks.

The first goal of an expert advisor is to reduce losses and make sure you will at least break even. With my EA, which has been tailored and refined over the last 6 months, I have managed to achieve that. I am now at the point of making 10% profit every day, with few days being in a minor loss. This is with demo accounts and live money accounts.

I was wondering if any one knew of any forex conferences which can be attended that will be good to meet people to share ideas and make connections. Or possibly, some established lectures or seminars which people attend to discuss EA programming.

My EA is based on an order flipping mechanism with a trailing stop loss and a time frame check. I won't reveal much more ;)

Good luck everyone with your EA programming!

Raaj, thanks for you advertisement but I am capable of EA programming myself.

Regards,
Martin

Errrr MC,

Hate to break this to you, but run the same back-test on the same data on 2 different machines and you get a different result. Just the processors will change the result.

We tested back testing throughly and it's useless.

I've never matched a days live trading to a backtest on the same day. If MT is online or offline when you do a back test it will change the result. It makes up data if it can't find it.

I gave up on back tests years ago and just run live now days....

Yeah back tests are not reliable. So much can affect them.

If you want accurate results test your bots on a live demo account.

Hello,

I would like to build a simple EA as follows:


- EA to automatically enter both Sell and Buy orders at the same time, same lot size (entry price will be dynamically calculated based on spread by that time)
- I can change lot size at my wish
- I can preset SL and TP for both Sell and Buy order separately (set SL, TP in EA, and when orders are opened, SL and TP will be automatically added, SL, TP are in pips, working with both 4 and 5 demical system)
- I can set how many pips the next buy/sell orders will be triggered (for example, when market price moves up/down every 50 pips, a pair of buy/sell orders will be opened)
- I can set slippage
- Work on all currency pair, all brokers who allow EA on MT4
- I can set time, date to start and stop EA automatically

Thank you

Vincent