Discussion of article "The correct way to choose an Expert Advisor from the Market"

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New article The correct way to choose an Expert Advisor from the Market has been published:

In this article, we will consider some of the essential points you should pay attention to when purchasing an Expert Advisor. We will also look for ways to increase profit, to spend money wisely, and to earn from this spending. Also, after reading the article, you will see that it is possible to earn even using simple and free products.

Compound Strategy

All waves have been smoothed-out due to counter-waves on other graphs. The same will happen during real trading. Stronger Expert Advisors will support weaker ones, and vice versa, when a drawdown occurs on a stronger one, the weaker one starts to act as an assistant. This keeps alpha and beta within a narrow range. Also, the number of trades has increased to acceptable levels. This is the result of joining only nine individual strategies. But there can be more of them" the more strategies, the smoother the graph, because it always works.

Even with a bunch of free EAs, it is possible to achieve such results, provided that you carefully analyze each individual EA before adding them to the Portfolio. If you want to achieve impressive results, do not be afraid of purchasing paid EAs, as many of them are really worth the money. You can also efficiently combine free and paid EAs to create successful portfolios.


Author: Evgeniy Ilin

 

Thank you Evgeniy for sharing this great article. I have a question for you. What's the meaning of these numbers in C1[] in the AUDUSD 60 EA? They look like random, but are very important in the PolinomTrade() function.

double C1[] = { 1,0.822133022277678,0.315994176511425,0.30644298990423,-0.261842065069115,0.158169820998708,-0.051703465015978,0.0137189652920811,0.00882785013014115,0.00130415798969633,-9.61281860378625E-06,2.75142549605097E-06,-1.04660808141669E-06,-8.37363464590955E-07,7.38001346413789E-07,-2.72705244338816E-07,1.01022722238735E-08,3.80702601586341E-09,-4.33358120845453E-10 };//array for coefficients

 
lycenet #:

Thank you Evgeniy for sharing this great article. I have a question for you. What's the meaning of these numbers in C1[] in the AUDUSD 60 EA? They look like random, but are very important in the PolinomTrade() function.

double C1[] = { 1,0.822133022277678,0.315994176511425,0.30644298990423,-0.261842065069115,0.158169820998708,-0.051703465015978,0.0137189652920811,0.00882785013014115,0.00130415798969633,-9.61281860378625E-06,2.75142549605097E-06,-1.04660808141669E-06,-8.37363464590955E-07,7.38001346413789E-07,-2.72705244338816E-07,1.01022722238735E-08,3.80702601586341E-09,-4.33358120845453E-10 };//array for coefficients

Hello, this is really an array selected using random, based on the brute force approach. I have a program that generates these advisors. You can use any tool... One of the variations of machine learning. In short, if I take the program, press 1 button, I’ll wait, I’ll come and I already have ready-made robots .. You can say I can do the robots by weight))
 
In this paragraph: "To calculate the final profit in this formula, the starting balance is deducted from the initial backtest balance. Maximum drawdown, both in equity and in balance, is available in any backtest in MetaTrader 4 and MetaTrader 5. After the expected payoff in points, this variable is as important, as the profit factors, which is also provided in strategy tester reports". In the phrase "this variable is as important", what variable does it mean? ¿ Total Profit?
 
Daniel #:
In this paragraph: "To calculate the final profit in this formula, the starting balance is deducted from the initial backtest balance. Maximum drawdown, both in equity and in balance, is available in any backtest in MetaTrader 4 and MetaTrader 5. After the expected payoff in points, this variable is as important, as the profit factors, which is also provided in strategy tester reports". In the phrase "this variable is as important", what variable does it mean? ¿ Total Profit?

No, i mean "Maximum drawdown, both in equity and in balance". I'm sorry for not answering for a long time, I don't come here often lately

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