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

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

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

Hi
i can do that.
let me know when you are ready to start
thanks

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?

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

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:
http://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:
http://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 - http://www.traderslog.com/volatility-breakout-systems/
ii) Chen on automated trading - http://epchan.blogspot.co.uk/
iii) Lars Kestner - http://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

Go to book.mql4.com and there you'll get all the info that u need to create u'r own ea.

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.

you need to learn trading before or team up with a good trader,forex is a big new world even for an engineer

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.

wat is EA..Pls help cos i am a new trader.. thanks

iverlord posted:
wat is EA..Pls help cos i am a new trader.. thanks

EA stands for Experts Advisor. It is an automated way of trading your trading system by transferring it into program code.

You can develop your own EA without any programming skills.

There is a software called Forex Strategy Builder (FSB) that you can build your own EA easily as long as you have a trading strategy in mind. The website is www.forexsb.com

I'm a user there, under Hannahis and if you need trading tips, you can read under my discussion thread under "Hannah's Trading Tips". I explained some trading theories to use and guide new users how to use FSB to develop their own EA with this software.

The software has 14 days free trial and you can use this period to develop your own EA for free as long as you have a trading theory/strategy in mind. If you don't have, you can read my trading tips to get some.

The back testing results is instant and hence you would know immediately whether your EA is profitable or not and thereafter, make the necessary adjustment you need till you get the results you wanted.

I've already development hundreds of very profitable EA with this software.



I developed and test run several hundreds of EA in many accounts.

My aim is to develop, fine tune and improve the EA's performance and thus select the best EA that can withstand various market volatility and produce consistent and reliable performance.

In each MT4 account, there are several good and not so good EAs and therefore, it would affect the account balance. Since these accounts are meant for EA Development, money management for each account is not my focus here. These accounts are set up to do EA analysis and thus I'm looking at each and every EA's individual results to do the selection and elimination.

You can develop you EA, but its better to spend such time in learning about the market it would be much more helpful for your future investment plans.

To learn programming is worth it and I doubt whether is better to learn programming or the market :D

Trade forex is a very hard work! One of the most hardest job in the world. Lot of people loose their money day by day because they are not too smart as they thought. To be success on this market requires more-more (5-10) years experience, learning, practising. To develop profitable and reliable EA much harder than trading manually.

My recommendation for you: avoid this business if you have not enough freetime and/or you are don't want to spend years for your forex education. I am a software developer engineer with 26 years experience. I have been developing EAs since 2010. So I know what I wrote.

Yeah, forex is not for everyone and if you are not serious enough, you would rather not.

Very good programmer.

https://www.myfxbook.com/members/Srpcapitalgroup/srp-capital-group1/1592141