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I came here to learn how to develop my own EA's

GStarBoi (GStarBoi)
Feb 22 2012 at 15:08
2 Beiträge
Hi community,

I've just recently started to get into investing, but i dont have the time to sit at the computer all day to trade as i have a full time job as an engineer. Would anyone direct me in the right direction to develop my own EA's. I have recently bought a book from amazon to teach me the basics, but all the other strategies i see here on myfxbook are very new to me.

Where do you get the information to formulate such strategies and is it difficult?

thankyou!
Gerard

If you lose your money today, you can get it back later when you have the right experience.
khanzada
May 11 2012 at 16:58
3 Beiträge
hi sir whts the name of the book iam new as well contact on skype to share wht i know
rgds haroon
skype id saintharoon

ypnoz01 (ypnoz01)
May 11 2012 at 20:30
4 Beiträge
Hi
i can do that.
let me know when you are ready to start
thanks

dlathrop
Jun 20 2012 at 14:24
33 Beiträge
I've been trading for almost 3 years and am interested in learning how to develop my own EA's as well. Perhaps a knowledge programmer could make a thread laying out the all of the basic steps of creating an EA? or does such a thread already exist?

There are risk-lovers and there are risk-haters, but the best traders will take the risk as long as they get paid for it.
Professor53
Jun 21 2012 at 07:56
795 Beiträge
Try MT5 and build your own EA its easy and very fast. Your limited to the ones they have availible for you. I osmtimes builld 10 new EAs a night and back test them.


Garry

Click on my Name to see My Live Charts and Bio.
fxbootstraps (fxbootstraps)
Jun 23 2012 at 21:21
4 Beiträge
there are a number of approaches you might want to consider.

i) programming in mt4. This isnt difficult to get the basic parts of your trading system working. If you are new I would recommend:
https://www.amazon.com/Expert-Advisor-Programming-Automated-MetaTrader/dp/0982645902/ref=sr_1_1?ie=UTF8&qid=1312723539&sr=8-1

ii) using an ea builder. Although most ea builders are prone to errors or time consuming to learn but I have found the following to work well:
https://sufx.core.t3-ism.net/ExpertAdvisorBuilder/

iii) using excel to execute trades in mt4. You can also use ta-lib which is free to undertake complex calculations

iv) using sql server to undertake back testing. My preferred choice as I have experience in SQL and I am interested in running caculations on parameterless solutions (see Chen).

for articles and reading I would recommend

i) Linda Raschke on volatility systems - https://www.traderslog.com/volatility-breakout-systems/
ii) Chen on automated trading - https://epchan.blogspot.co.uk/
iii) Lars Kestner - https://www.amazon.co.uk/s/?ie=UTF8&keywords=lars+kestner&tag=googhydr-21&index=aps&hvadid=7670234893&hvpos=1t3&hvexid=&hvnetw=g&hvrand=203779342246358794&hvpone=&hvptwo=&hvqmt=b&ref=pd_sl_8ht2odj082_b

Dean


   GStarBoi posted:
   Hi community,

I've just recently started to get into investing, but i dont have the time to sit at the computer all day to trade as i have a full time job as an engineer. Would anyone direct me in the right direction to develop my own EA's. I have recently bought a book from amazon to teach me the basics, but all the other strategies i see here on myfxbook are very new to me.

Where do you get the information to formulate such strategies and is it difficult?

thankyou!
Gerard

fxmath (fxmath)
Jul 19 2012 at 12:43
24 Beiträge
Go to book.mql4.com and there you'll get all the info that u need to create u'r own ea.

Always insure steady growth
j4byers (j4byers)
Jul 19 2012 at 19:13
6 Beiträge
MQL is similar in syntax to C-based languages (e.g. C++). I learned as I went through reading the mql4.com references and discussion boards, examining source codes of other EAs and Googling questions I had. Chances are, if you have a question or a problem, somebody else has had the same one, and posted about it online. It's a very long process to get 'good..' Even with a development background, it took me a couple months to become familiar with the language. After you get a handle on the language/syntax and how MT4 executes EAs, I recommend you draw out what you want to accomplish and create a plan of the steps it will go through: in programming, we call this writing pseudo-code.. Since EAs are handled linearly (it is executed one line at a time from top to bottom), this is pretty easy. Luckily there is a ton of open source functions free to add in to your code, etc.. Just don't go trying to sell an EA with someone else's open source code in it - it's illegal and also not cool.

I don't agree with Professor53... you can build 10 crappy EA's a night, but they will be just that, crappy. A *good* EA takes a lot of thought and effort, or else everyone would be making fortunes. My own personal EA has been in development for just under a year and sits at over 10,000 lines of code (including libraries, after condensing it several times).

My major pro tip, which many people don't do is, think of all the what-ifs... This is a computer program that is managing thousands to millions of dollars - plan for everything from order sizing to balance/equity protection, order maximums, FIFO rules, etc.

Lastly, ONLY build an EA if you have a strategy that works manually - don't start building one and try to plug in crap as you go to try and make it work. I wasted a lot of time doing this before I sat down and planned out my system and knew it worked before I started programming it.

Be first, be smarter, or cheat.
rob559
Jul 28 2012 at 22:20
1916 Beiträge
you need to learn trading before or team up with a good trader,forex is a big new world even for an engineer

James_Bond
Aug 01 2012 at 11:04
556 Beiträge

GStarBoi posted:
Hi community,

I've just recently started to get into investing, but i dont have the time to sit at the computer all day to trade as i have a full time job as an engineer. Would anyone direct me in the right direction to develop my own EA's. I have recently bought a book from amazon to teach me the basics, but all the other strategies i see here on myfxbook are very new to me.

Where do you get the information to formulate such strategies and is it difficult?

thankyou!
Gerard


Many systems are available freely on the web, you just need to find it. Also, you should keep in mind that strategies may be very profitable on a demo, yet unsuccessful when traded on a real account.

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