Total waste of time
In trading, it often feels as though the odds are stacked against the trader. This sentiment is reinforced by the plethora of Expert Advisors (EAs) available for purchase, a vast majority of which turn out to be ineffective and unprofitable. The MT5 optimizer, in my experience, seems to serve primarily as a means to highlight profitably backtested strategies that, unfortunately, don't translate well into the unpredictable nature of live markets. It's puzzling how optimizations can show promising results, yet when subjected to forward testing for the same period, the outcomes are significantly poorer. Logically, if an EA is run live for a month and then backtested for that exact timeframe, one would expect the live results to mirror the backtest results closely.
This discrepancy raises questions about the realism and effectiveness of MT5's testing and optimization tools. The primary goal of using such tools is to discover genuinely profitable strategies. However, an optimizer that suggests a strategy yielding merely two trades a month feels rather dismissive, almost as if it's mocking the trader's quest for a reliable and robust trading system. It would be beneficial if MT5 could enhance its testing capabilities to more accurately reflect live trading conditions, ensuring that the optimization process is not only realistic but also truly aids traders in finding and refining strategies that are consistently profitable in real market scenario
Trading almost seems like gambling there is No EA that will ever work
- 10points 3.mq4
- Is MT5 optimization even realistic ?
- Optimization (Help Please)
28846173:
In trading, it often feels as though the odds are stacked against the trader. This sentiment is reinforced by the plethora of Expert Advisors (EAs) available for purchase, a vast majority of which turn out to be ineffective and unprofitable. The MT5 optimizer, in my experience, seems to serve primarily as a means to highlight profitably backtested strategies that, unfortunately, don't translate well into the unpredictable nature of live markets. It's puzzling how optimizations can show promising results, yet when subjected to forward testing for the same period, the outcomes are significantly poorer. Logically, if an EA is run live for a month and then backtested for that exact timeframe, one would expect the live results to mirror the backtest results closely.
This discrepancy raises questions about the realism and effectiveness of MT5's testing and optimization tools. The primary goal of using such tools is to discover genuinely profitable strategies. However, an optimizer that suggests a strategy yielding merely two trades a month feels rather dismissive, almost as if it's mocking the trader's quest for a reliable and robust trading system. It would be beneficial if MT5 could enhance its testing capabilities to more accurately reflect live trading conditions, ensuring that the optimization process is not only realistic but also truly aids traders in finding and refining strategies that are consistently profitable in real market scenario
Trading almost seems like gambling there is No EA that will ever work
Hi, in fact I am forced to agree with you. Today I am focusing on a trade system that can make profit "no matter the direction of the asset". Some ideas on hedge and things like that.. also, trading only on higher timeframes.. on the lowest the game is totally rigged.
28846173:
Trading almost seems like gambling
Trading almost seems like gambling
Depends on point of view
28846173:
there is No EA that will ever work
there is No EA that will ever work
Market makers reasonably think another
And <by the way>
About =suggestions= of Optimizer
Optimizer of MetaTrader just precisely reveals the best sets of parameters <for past data>
But
Output values of these parameters are already predefined by actions of developer and user before run of Tester/Optimizator
Forget about EAs , trade manually and when you gain experience, Inshaa ALLAH, you can make a good profit
It sounds like you need proper training and someone to take you around the block a few times, YT and Google wont teach you anything/ If 95% of traders fail every day, what are the chances you will get a working strategy online? its 0. The Optimization feature and Backtest features are not there to tell you how much you will make, Markets change over time and the Backtested data just gives you an indication on where you are headed to when it comes to a working/non working strategy, its not a guarantee. Forward testing is the best way to go.To be a trader, and to succeed in being profitable you need to understand the fact that trading is not a guessing game, its not a casino, there is no time for predicting or asuming. You need to have a very deep understanding on how the markets function, why price moves, which cycle/phases you are in, when to stay away, and when to trade, where the market makers are/buyback's, price markdowns, and markups. The chart you see is not there to make your screens look nice. Its there so the trader can read whats going on. there are many things you need to make sure of before pressing the button, thats why no EA will ever replace a trader
Why not automated trading? Why manual? why indicators? from a professional perspective.
- www.mql5.com
The question of whether it's better to trade manually or with an expert (such as an automated trading algorithm) is subjective and depends on various factors, including individual preferences, skills
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