throughout all my yrs, coding idea after idea
the tester held me back
looking for some setup that tests good all the time
things started getting better when i stopped moving on, and stuck with something
in live trading, you can see the conditions
some days u need to turn off the ea, like bank holidays ect...
then theres nfp and other news
in a backtest your trading all them times you wouldnt in real life
like thanksgiving, christmas ect...
tester will discourage you
my conclusion is, you gotta watch it, u gotta know when to interveen
trying to find some setting that test good all the time was the thing holding me back
my ea does pretty good, i created it so i know it like the back of my hand
after watching it in visual mode countless times
i know when to pause it
thats the way i think it must be done
i couldnt imagine running a ea without being able to code
i believe any1 thats planning to use a ea should start learning to code
theres not a day that goes by that i dont open editor
my 2 cents
Yes I agree with most of you said.
To use a EA make sure you are the creator.
But one thing I need to ask: Which one is correct?Testing results or vistual results? If you think 3ATR SL is good but your testing results say 2ATR, will you change?
i would probly use what tested best
the test is probably more accurate than you just scanning charts with ur eyes
i like to watch my tests run in visual mode as well, to confirm theres no bugs in the data or the tester
edit: by watching in visual mode, you should see why 1 setting tested better
any chance u can share those eas?
i havent decided that yet
im kinda scared to, iv never gave it to any1, it is my money machine
i dont know if it would work if some millionaire started using it
i need to make my money
this ea is my results of 7eral yrs hard work, i just have a bad feeling everytime i think about posting it
i was chatting with some1 earlier today, who told me they are running my old ea for a month now, and its made over 400%
i told him that ea is only supposed to make 1-3% a month
and that something is wrong
however, you might can follow the account management plan on my site
and use that ea, the risk by default is only 0.1%
so id test the last month, increase that risk until it makes about a few hundred %
my account management plan, assumes ur using a hard core martingale
ur only supposed to invest a fraction
the ideah is to make a mill with 1k
instead of make 200k with a mill
it is a backwards logic that i use
my current ea is using that logic
at my site, in the downloads, its called
trendchasers_super_ea
i am planning to run some tests, n see if that ea will do like im doing now
you could just wait, if i see that itl work, il open a thread for it here
explaining everything
basically what ur looking for, is something that makes over 100,000% a yr
and has several winns inbetween margin calls
theres no way around the margin call trading like this
i dont know that that ea can do it
also u gotta use account management for it to be profitable
i asked that guy if i could post his link, he said ok
now u must realise, on that guys link, the ea is betting either 100x or 1000x more than its supposed to
im not saying it will work, i havent tested it yet
ur first trade is supposed to be 0.1% in 30 pips
his is more like 1% or 10%
the ea is meant for ibfx mini
got one simple Q
I am a believer of filtering
but , for the best EA that you got, say 1 lot per starting entry
How many transaction (and cost of pip spread ) it cost per day
i.e. I wanna to know the NUMBER of trans , multiply by the average pip spread of that pair
i guess ur talking to me
if i let the ea do its job, and i stop messing with it
it takes 1-2 trades a week, sometimes it takes a week or longer to hit the target
my spread is 2 pips, no commission
well theres swap
the super ea can have 7eral trades a week, i 4get, its been a while since i messed with that ea
got one simple Q
I am a believer of filtering
but , for the best EA that you got, say 1 lot per starting entry
How many transaction (and cost of pip spread ) it cost per day
i.e. I wanna to know the NUMBER of trans , multiply by the average pip spread of that pairi would probly use what tested best
the test is probably more accurate than you just scanning charts with ur eyes
i like to watch my tests run in visual mode as well, to confirm theres no bugs in the data or the tester
edit: by watching in visual mode, you should see why 1 setting tested betterYes! I did the same thing last month and I have another question for you:By watching it in visual mode , I really dont know when to stop or restart it....because how could we recongnise the market condition? Range bound or trending?
BTW, my EA is far less profitable than yours. It made only 600% with 2%risk per trade in the three years test and there was a big drawdown about 39%.
Thanks for your help!
well, by the time we recognize the condition its to late
i solved that by using a large tf
the logic goes like this
if you trade a trend on a small time frame, how many opportunities are there
probably 1-3
if you trade a trend on a large time frame, you could have dozens, or even hundreds of opportunities before the trend changes
plus, the condition lasts longer, its not to late
i didnt start improving until i moved up to the daily
it literally took me years to get away from the small tf
m5 used to be my favorite, even though i could trade it, i lost much faster
i could spend all week making pips, then lose it all in a day
most of the classic rules you see everywhere do apply
no matter what the strategy, move it up to the daily
i know what ur thinking, the same thing i thought for years
i cannot make enough on the daily, itl take forever
since all time frames look the same, if itl work on the daily, itl work on m5
i could do a months worth of trades in hours on m5
none of that is true, theres just as much potential on the daily, actually more
i only trade eur-usd, it has the clearest trend of all the pairs
the trends last 7eral months, it makes since to find a trend that last months
look at it this way, ok iml lose when the trend reverses
on the daily i made 100 good trades before that happened, but on m5 i made 1 if that
its all perspective, thats why you can give the same setup to 2 traders, one will win, the other will lose
i know i got way off topic, i just wanted to say the things that turned me around after many yrs
your ea doesnt make enough returns to use martingale
but if you go to the daily, you dont need martingale, youl winn more than you lose, long as you obey the classic rules
this works for me, for my perspective, noone can realy say what will work for someone else
if you cannot find a clear long term trend, id say the odds are against you
the long trend is the only thing putting odds in your favor
for now im using the 50 ema on daily, at some point i might have to change that, if i cannot see a trend, i might even have to go up to the weekly at some point, u gotta find a trend
im not claiming to be a guru trader, thats just what iv learned, the hard way
if nothing else, atleast open a 2nd demo n try it, the best time to look for opportunities is at 1 am and 8 pm est, u dont have to have a trade every day, one trade a week can work
10% a month is very possible trading like that
Yes! I did the same thing last month and I have another question for you:By watching it in visual mode , I really dont know when to stop or restart it....because how could we recongnise the market condition? Range bound or trending?
BTW, my EA is far less profitable than yours. It made only 600% with 2%risk per trade in the three years test and there was a big drawdown about 39%.
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