The only system that will work is one designed by and for yourself.
- Joined Dec 2010 | Status: Member | 572 Posts
The only system that will work is one designed by and for yourself.
variety of resources what works and what doesn't 98 replies
EA works on one broker, doesn't on another 4 replies
If it works, it works... 3 replies
EA Works, Then Doesn't 1 reply
Why an EA works for some currancies and not others? 10 replies
DislikedTo whatever extent backtesting is impotent because markets change their color over time, and hence past data doesn't reflect what will happen henceforthIgnored
Disliked... and also systems that are simple enough to be coded into an EA. Between 2009-2012 I coded maybe 20-30 EAs by handpicking the seemingly best ideas from the dozens of requests I received from (in some cases, the most highly followed) FF members, who all insisted that their strategies were profitable. When this proved not to be the case, I modified these EAs, adding their suggestions for filters to eliminate entry signals that resulted in losses, different SLs, TPs, trailing stops, MMs ..... you name it. As far as I know, NONE of these EAs are...Ignored
QuoteDislikedNo matter how you slice it, an experienced human trader will always have more intelligence than even the most sophisticated EA. And, moreover, it stands to reason that if the markets could be conquered by a single, objectively definable system, that everybody would use such a system.
Disliked3) An adaptive component in each system to allow the fixed system rules to change over time and to thus generalize better.Ignored
Disliked{quote} I agree that good systems have a dynamic component that shifts with market character.Ignored
Disliked{quote} Do you think the market changes its character gradually or are there distinct shifts at points in time? For example a major news event.Ignored
Disliked{image} Todays trade.. Thin run up = weak.. Hit area of liquidty which was cap from NFP and came right back down. odds were in my favor.. quick run up was weak.. and it was overbought.. Sell high.. don't buy high.Ignored
Disliked{quote} Interaction of bulls and bears is the essential concept based on which price moves up/down; you are using this market concept to analyze a price chart in order to find entry/exit points. How did you get 75% success rate for this analysis?Ignored
Disliked{quote} Is that another definition of "trend"? I have no idea what you are trying to complicate things. If the market is not reversing for profit, then it is in a trend. Duh.Ignored
Disliked{quote} I trade momentum, so for me, it is super simple. If you trade lines, then it is probably complicated. I don't know. I don't trade lines. It is 2015. I don't trade daily price charts either so I will assume you have seen anything and everything. Like I already said, a time frame is a time frame. Knowing that tidbit is the second half of the secret to success. In this screenshot, I would call trades ONE, TWO, and FOUR range trades, and trade THREE a trend trade. {image} Your mission, should you choose to accept, is to figure out how I know...Ignored
DislikedMy system isn't about following a trend.. Its about playing volatility. Shorting pops and and buying drops, and playing the liquidity and lack of liquidity.Ignored
DislikedWhat does work... 1. Market structure... 2. Liquidty Reading liquidty...Ignored
DislikedOne thing i learned is that hope does not work, if you are already in open trade , only thing that works are strict rules when to take stop loss , when to take take/profit, when to start breakeven SL and so on, and best technique is let to do machine this. Machine does not have emotions , feelings, just strict rules. This can be achieved by yourself but its hard to be 24/5 inside metatrader, when you need to put BE SL in the middle of night.Ignored
DislikedAs recently as 5 years ago I probably would have taken exception with this statement.Ignored
Disliked{quote} FXEZ, None of the EA requests that I received included anything remotely like the 3 concepts you described. I also wrote an EA for an ex-bank trader who nowadays trades for a living. She is very profitable; the EA is not (at least not without human intervention). The human intervention part involves a nuanced view of the markets, including some fundamental analysis, and items that simply can't be coded (e.g. assessing whether a Yellen speech is more hawkish or dovish than the market was anticipating). Hence my conclusion that an experienced...Ignored
DislikedA 'simple' EA being unprofitable is more likely due to flawed design than lack of complexity.Ignored
Disliked{quote} Yes this is exactly my point , human intervention is a must to EA. You cant hard code everything on every condition to EA. As i mentioned in my previous post, EA can help you a lot to not make you slave of your trades when you sleep , or living normal life. But cant take part in decisions, if this would be possible every 3rd programmer in world will be millionaire with some EAIgnored
Dislikede.g. assessing whether a Yellen speech is more hawkish or dovish than the market was anticipatingIgnored