Hi all,
lately, many of the questions on this thread are about the EA-part of my program. This EA is intended to be used as an assistant to manual trading. In that sense it is more a Trade Manager with the extra benefit that it can take trades automatically. In the TMS-thread you can read that many have tried to make an expert advisor for the TMS strategy, but time and again it turns out that those who can trade manually make the most profit.
Why make good traders more profit with an EA?
lately, many of the questions on this thread are about the EA-part of my program. This EA is intended to be used as an assistant to manual trading. In that sense it is more a Trade Manager with the extra benefit that it can take trades automatically. In the TMS-thread you can read that many have tried to make an expert advisor for the TMS strategy, but time and again it turns out that those who can trade manually make the most profit.
Why make good traders more profit with an EA?
- Because they know when a trade has run its course and take it out. The EA would keep the trade on until an exit-event occurs.
- Because they know when to ignore some of the indicators because they predict a bounce of a support or resistance line.
- Because they know when to take a trade out at a small loss, before it ties your money for days or weeks.
- Because they know when to re-enter and add to the position.
- Because they can read the charts like a book.
The automatic trading of this EA will most probably never make you rich. But hopefully it can assist you to learn manual trading. There is nothing wrong with using a Trade Manager as it takes a lot of work out of your hands. There is also nothing wrong with using automatic trading, but be aware that your expectations might by unrealistic.
Having said all this: Of course I am determined to beat the system and make an EA that will prove that it CAN be worthwhile. And I appreciate all the help I can get from the readers of this thread. And if a perfect system might be the holy grail and always beyond our reach, I will make this EA, with your help, approach perfection as close as possible.
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