Hello to everybody, i'm here to ask you some suggestion, here is what i want to do:
I'm thinking about an EA that use pure priceaction as the only indicator, obviously it have a neural network (not exactly a neural network, but a simpler algorithm, but the result is similar) to study the priceaction (of the last 12 bars for example) and let it decide if BUY or SELL or do not do nothing or just exit from a previously opened position and "reverse".
Ok, after done it, we have to train this EA with a simple optimization (MT4) of 1-2-3 months or 1-2-3 years, then choose the best performance and use it.
Right now it is all simple and ok, but what happen:
The market is dynamic, and it change his "personality" from year to year (month to month?) (week to week?!?!). Here is where the EA get instable, it study and learn from the optimization period, and enter in the market very aggressively saying "well, i've studied how price move, and with my knowledge i will do great trades this next month!", and it do it!!
But what happen, after another 1 month of great trading, the month next the market move in another way, the market do things that in the last 5-6 months it have never done, the market just CHANGE his "personality" (i hope you understand). And of course, the EA trained to work with the old months, in the new months get bad results (maybe wipe out the account!).
What it is needed to do is to re-optimize it from time to time (one time every week for example, or one time every month, or why not one time a day!), well here we come..
What i want to integrate, is some system or something else that let the EA optimize himself during his work, and change is values everyday (or everyweek for example) adjusting it to the values that give best performance in the new optimizations.
This can be used also with a simple ma-cross EA, this can be used with any EA, so i think it can be useful..
But why to do it? The reason of what i want to do is that i want to partecipate on the automatic championship 2007, and you know i will have to leave my EA for 3 months totally alone, so i'm thinking about something that let it self-learn and self-adjuste day by day fully automatically.
Do you think it is possible?
Any suggestions?
Regards,
Maurizio
I'm thinking about an EA that use pure priceaction as the only indicator, obviously it have a neural network (not exactly a neural network, but a simpler algorithm, but the result is similar) to study the priceaction (of the last 12 bars for example) and let it decide if BUY or SELL or do not do nothing or just exit from a previously opened position and "reverse".
Ok, after done it, we have to train this EA with a simple optimization (MT4) of 1-2-3 months or 1-2-3 years, then choose the best performance and use it.
Right now it is all simple and ok, but what happen:
The market is dynamic, and it change his "personality" from year to year (month to month?) (week to week?!?!). Here is where the EA get instable, it study and learn from the optimization period, and enter in the market very aggressively saying "well, i've studied how price move, and with my knowledge i will do great trades this next month!", and it do it!!
But what happen, after another 1 month of great trading, the month next the market move in another way, the market do things that in the last 5-6 months it have never done, the market just CHANGE his "personality" (i hope you understand). And of course, the EA trained to work with the old months, in the new months get bad results (maybe wipe out the account!).
What it is needed to do is to re-optimize it from time to time (one time every week for example, or one time every month, or why not one time a day!), well here we come..
What i want to integrate, is some system or something else that let the EA optimize himself during his work, and change is values everyday (or everyweek for example) adjusting it to the values that give best performance in the new optimizations.
This can be used also with a simple ma-cross EA, this can be used with any EA, so i think it can be useful..
But why to do it? The reason of what i want to do is that i want to partecipate on the automatic championship 2007, and you know i will have to leave my EA for 3 months totally alone, so i'm thinking about something that let it self-learn and self-adjuste day by day fully automatically.
Do you think it is possible?
Any suggestions?
Regards,
Maurizio