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My first EA i NEED HELP

Sep 14, 2017 at 06:31
6 Replies
Member Since Jul 08, 2017   1 posts
Sep 14, 2017 at 06:31
Hello MyFxBook members.

I am going to code my very first EA based on my own strategies but i am very confused how to describe the strategies to my programmer so he can be able to code them correctly.

I don't know how to describe them ... Using screenshots, or video or text description what you guys suggest is the best method to describe strategy to some programmer so he can make it correctly?

Thanks in advance for your comments

Member Since Sep 15, 2017   2 posts
Sep 17, 2017 at 08:52
hi, before you do this better be a any forum member & reading point of discussion .. i have own EA ...which ..people coding for me the result was not good ...need to improve further...
Learn 1st Trade Later
Member Since Feb 06, 2017   31 posts
Sep 18, 2017 at 06:26
what you need is a well detail screen shot with explanation of when to buy and sell and other relevant information

mean you not all strategy is profitable when coded because the emotion is removed
Tomorrow is far away but yesterday is so close.
Member Since Jan 26, 2012   23 posts
Dec 20, 2017 at 07:22
It's very difficult Mart...

It's the classic... 'Which came First the Chicken or the Egg'... You can't produce a screenshot because you don't have it...

In my opinion, there are 3 things to consider here:

1. You say this is your 'First' EA - that means that you have no hope in hell of getting someone to program it for you (unless you pay them)... Most of us who are programming EA's are 6 months to 3 years past this point... It's massively frustrating when people think that 'Oh Hey... I've got an Idea'... this will make a good EA.... It seldom happens...

2. Put your ideas down so that we can look at them... sure you run the risk of someone 'Stealing' your idea but I doubt it... Most of us who do this have been thru all the hoops... but it's always refreshing to look at new angles....

2. Learn how to do it yourself....

That's about it... Good Luck... I would be interested to see what your idea is though... post it...
Member Since Jan 26, 2012   23 posts
Dec 20, 2017 at 07:22
...sorry, to answer your question... create a Word doc (or CorelDraw or some other doc)... paste your Screen shots of indicators etc. that 'Wami' said - explaining your Entry/Exit/MoneyManagement conditions... Create a Pdf and post it....
Member Since Sep 01, 2013   48 posts
Jun 10, 2018 at 04:20
Decide what time frame to use in your MT4 in order to code the expert advisor in the MQL4 programming language.
Decide what indicator you will use and what the indicator does to generate a buy and what it does to generate a sell signal.
Decide how much time history to incorporate in your indicator ie last 5 minutes high price, low price, average price, and closing price or last 5 hours of price history or other based on the particular cross(pair) like EURUSD that you want to trade.
Once in a trade decide criteria for exiting the trade, effectively a stop loss and take profit price to get out at.
Generate a stop loss and take profit level for every single trade. Can be a fixed number of pips for both levels.
Study the code for the moving average cross EA that comes with every example of the MT4 graphical user interface that is downloaded
Decide if your EA will trade trending markets or ranging markets.
Look at the size of the waves that occur in any price chart. The period would be the time between 2 peaks or troughs for a ranging trader. For a trending trader we would look for a sustained rise or fall over some time interval. This can change dramatically in a short time which is why it is so hard to program an algorithm(code steps) that can handle any eventuality.
I have not even been able to effectively understand what the MQL code is doing. It looks like it is generating a bar for each interval in the time frame with high price, low price, open price, closing price and the instantaneous price is apparently being compared against the indicator( like moving average) to generate a decision at every time increment that the programmer wants. This will be a series of if then statements that hopefully cover every eventuality.
This is an extremely sketchy outline of course. Hopefully this will generate more questions and clear up a very few.
Member Since Jan 05, 2016   1189 posts
Jan 09, 2019 at 01:06
Provide screenshots with detailed notes for each one.

Type up a text file or similar document and include a step by step breakdown of what you want to do.

Also provide a step by step breakdown of each rule for your trading strategy, as well as all sub rules and caveats to those rules.

Also include in the document a non-technical plain language explanation of what you expect the system to work.

Basically provide as much specific detail about everything in regard to your strategy.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
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