Chikot posted: Wayne, why do you need EA? You have been doing great. believe me, do not change things and do not listen to no one if you are profitable. I decided to change things too last year fall and got myslef into the worst losing streak I ever had.
I agree with this, an EA has o be simple, not 'incredibly complex', that leads to nothing.
One must have a a simple & profitable strategy, face the unfavorable periods sticking to it and then be ready to make profits again 😄.
WSR is an example on an EA with a simple & profitable strategy.
I'm also successful with my own EAs despite unfavorable periods as you can see and never give up 😁.
This is just a real money micro account I opened 6 months ago, put $450 in, did some manual trades (too large) playing around, lost a couple hundred dollars, and took the money out.
NOW I have put $150 in (to start with), and as my EA has been going through extensive development, I feel okay with running this account 100% automated, never to be touched under any conditions. This will give me a reference point for my EA's performance and help me in future development.
It is a long story of what has been going on with me, but the point is I am extremely optimistic and excited about the developments I have been making with my EA. Times of hardship often bring renewed focus and sometimes we take something to a new level. This is what I am doing with my EA. I have been studying visual backtest and developing features at an incredible pace. I believe I see the truth of what this EA can be - something that runs on its own, is very complex, and responds to changing market conditions (holding out for higher profit targets with the market is moving fast, etc.)
This truth is I thought I was ready to manage people's money but I am not quite there yet. I think in about 3 weeks time I will have a much improved EA that will be very dynamic and capable of handling whatever the market wants to through at it. I have a couple major features on the list still to implement.
I am by no means done developing. I reluctantly started running the EA when I have not yet done the stop loss modification work I need to do, or the equity percentage calculation and trade size adjustment work I need to do. I think things are good enough to start running though so here we go…
I will update my other accounts in the near future as I reconfigure things and move my manual trading into other accounts, never to be mixed with EA trades again (unless indicated). My current (formerly) managed accounts should be seen for what they really are: records of the development of my EA in conjunction with manual trades and me battling with the role that manual trading should play in my trading overall. I think I working this issue out.
Best wishes to all my friends. If I have not responded to those who have wrote me please know that I am so busy and so tired, I just don't have time for everything.
A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
WARNUNG VOR HOHEM RISIKO: Der Devisenhandel birgt ein hohes Risiko, das möglicherweise nicht für alle Anleger geeignet ist.
Der Einsatz von Leverage schafft zusätzliches Risiko und Verlustgefahr. Bevor Sie sich für den Devisenhandel entscheiden, sollten Sie Ihre Anlageziele, Ihr Erfahrungsniveau und Ihre Risikotoleranz sorgfältig prüfen.
Sie könnten Ihre ursprüngliche Investition teilweise oder ganz verlieren. Investieren Sie kein Geld, das Sie sich nicht leisten können, zu verlieren. Informieren Sie sich über die mit dem Devisenhandel verbundenen Risiken und lassen Sie sich von einem unabhängigen Finanz- oder Steuerberater beraten, wenn Sie Fragen haben.
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Die vergangene Performance ist kein Indikator für zukünftige Ergebnisse.