Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
Can I program an EA base on someone's trading history?
Lucifinics

Member Since Feb 14, 2018  1 posts Lucifinics Feb 19 at 13:56
I always want to learn Forex trading from my old man but he do not allowed me to. Lately I download his trading history in excel method from his laptop, contain nearly 1500 closed trade. I did a little calculation, looks like his win rate is around 75%. I know little about Forex, but is that possible to backtrack his trading strategy and build an Export Adviser base on it?

signalmonsters

Member Since Jan 23, 2018  1 posts SignalMonsters (signalmonsters) Feb 21 at 12:35
It is possible if you are able to see similarities by breaking it down.

Start to check on this variables:

Time of entry
Currency pairs
SL deviation
Lot Size Deviation
Avg holding period
TP target
SL max

Using the info go back to the Trading chart to see if you can spot any similarities at the entry level.
As long a human is manual trading, there is a large part of discrepancies and discretionary decisions involved.

If he/she is so systematic, it would be way easier to just program their system into EA instead of trading.

Most often, successful manual traders come with gut feels, discretionary manual decision making on exit points through market volatility and anticipation like if they want to cut loser cut, or bring a trade into a news event, breakeven or let profits run and so on., There can be many factors involved.

A system with 75% WR is too high and too good to be true, which is likely less than 1:1 RR or maybe the pips expectancy was lower.

The bigger the TP, the spread and also longer trading duration increased the uncertainty in the market.

My 2 cents.

This is for Traders
togr

Member Since Feb 22, 2011  3695 posts vontogr (togr) Feb 26 at 14:30
Lucifinics posted:
I always want to learn Forex trading from my old man but he do not allowed me to. Lately I download his trading history in excel method from his laptop, contain nearly 1500 closed trade. I did a little calculation, looks like his win rate is around 75%. I know little about Forex, but is that possible to backtrack his trading strategy and build an Export Adviser base on it?


No way to do it.

I like what I trade, I trade what I like
GridMaster

Member Since Sep 25, 2012  5 posts GridMaster Feb 26 at 22:56
I think a machine learning program and the MT4 back tester could do it.

togr

Member Since Feb 22, 2011  3695 posts vontogr (togr) Feb 27 at 12:54
GridMaster posted:
I think a machine learning program and the MT4 back tester could do it.

No way to do it.

I like what I trade, I trade what I like
AlexZhou

Member Since May 16, 2018  4 posts AlexZhou May 17 at 05:49
It depends on your ability and experience of trading and parogram

Please login to comment.
Business Climate (59 seconds)
USD/JPY extends corrective slide, drops ...(4 min ago)
EURUSD 1.17162 GBPUSD 1.33671
USDJPY 109.59 USDCAD 1.28507

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.