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desinging a ea for expert traders
rickyb

Członek od Oct 23, 2014  54 postów rickyb Oct 27 at 04:05
i am wanting experienced traders views on what conditions a ea would have that not only makes a profit ;but you would have confidence in; even in draw down.i am testing some at moment and after many years buying robots and making my own;this is what i think could work.first eas or robots is the way to go.to those who say manual;why cant your idea be coded;almost anything can;and you cant watch screen all day.gut feeling only goes so far.if you are successful what profits could you be missing.?anyway this topic will be for ea;s. 1st rule is low drawdown;that is the most important.no good if ea has big profit with 99% drawdown.the best way to get low drawdown;is 50/50 risk reward ratio ..same stop loss as profit ;no trailing;no breakeven.seen a video of the best sporting betting syndicate in usa.they operate on 60% winning rate;spend millions on research each year.betting using same principle buying spread so each win equals loss.they say all they need is a slight edge to win.i think this makes sense in forex ;slight edge beat spread;52 % win rate;and you are in profit.no hiding behind different risk/reward.also this means lower drawdown over any other method.is hard to get 40% winners or less and if you do change numbers.but getting 60 % winners great.some trades will just miss profit;others just miss stop loss.should even out.with all the indicators on market ;can they get you a small edge on 50/50.i am trading using no indicators;just price and candle patterns.but this is you choice.number 2 rule;smallest take profit and stop loss the better.less drawdown again;also not too small as spread will effect profit.what other rules would you add to a ea like;from your experience trading and tips.always looking to learn more.

Professional4X

Członek od Jan 05, 2016  1141 postów Professional4X Oct 30 at 01:27
If the strategy isn't consistently profitable when trading manually, then automation isn't the answer to your solution.

Once you have a solution that works for YOU and your needs via manual trading, then create a detailed step by step set of rules for all aspects of your strategy, then automate it to trade exactly like your manual trading.

I know this sounds somewhat simplistic, but that is exactly what you need to do.





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

Członek od Apr 06, 2018  216 postów LongVision Oct 31 at 14:00
Following are Trading System Elements for designing an EA

1. Entries-The development of a trading strategy is an iterative process, but the start of the process is always the entry idea. You can use the following type of entries-
          1.Trend Following
          2.CounterTrend

 2. Exits- You can exit trades in one of four ways-
        1.through a reversal signal
        2.through a stop loss
        3.through a time‐based exit
        4.through a profit stop

3. Filters-In general, filters are used in conjunction with the entry to eliminate certain trades from being taken. Some common filters are-
       1.volatility based
       2.trading-day-of-the-week/Based on trade Session type filters
       3.longer‐term trend
       4.Seasonal filters to use the seasonal tendencies of an instrument

4. Money Management-The major advantage of incorporating money management in each step is a better risk‐to‐reward system.

The market will trade through it’s path of least resistance .
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