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Problems start when you become successful (advice needed)

  • #1
  • First Post: Mar 7, 2016 3:26am Mar 7, 2016 3:26am
I do not want to lose people's time, but I am experiencing an odd situation and I need some experienced advice. I started trading forex like many others here, I did all the mistakes one could make but fortunately after some years I developed what you might call a successful approach.

Unfortunately, I have a 9/5 job that I do not want to lose and it is impossible for me to trade manually. My strategy involves trading high timeframes and I simply do not have the time to do it. It's a proven and profitable method even tho it relies on simple concepts. Results are good, but unless you have a big account $ gains remain modest. Apart from that, the method is well suited for automated trading and it would be ideal to code it into an ea for many reasons.

The problem lies here: I am not a programmer and I am struggling to find one or more people to help me code the method into an EA. I tried to seek professional help but it is expensive and reliability is not guaranteed. I tried that and I realized it is extremely hard to code a program with someone you never saw (I'm also non eng native), and let's not talk about risks of being robbed (I've heard traders got even scammed, coder ran with the EA and left the trader alone).

So, if you had a strategy that works but needs to be coded into a fairly complex EA, what would you do? Where will you seek help?
  • #2
  • Mar 7, 2016 5:47am Mar 7, 2016 5:47am
If you do not trust the programmers, then you have one way - to become them. You can go for a programming course. This will be a good investment. Besides, now there are different advisors constructors.
Maybe your friends have tallant programming?
I would like to help you, but experience with advisors I have not much.
Good luck!
  • #3
  • Mar 7, 2016 6:49am Mar 7, 2016 6:49am
Hi R3ta, you can do a smart thing, you don't need to provide the programer whit your corect parameters of the indicators or the levels that the indicator need to brake, chose that all the caracteristics of the indicators need to be inserted when you start the EA, I'm not a programer but whit patience you can make one or try to find a similar one and modify it, online you can find EA MT4 generator give it a try.
Best luck.
I need the magic ball
  • #4
  • Mar 7, 2016 7:01am Mar 7, 2016 7:01am
Sounds to me like you are trying to trade in a way that isnt suitable for you.
You have to find a way that works for you. If you work 9-5 you won't be able to day trade, so you should trade higher TF like 4HR or daily if you want to manually manage your trades, or create an EA.

There are millions of systems and strategies that work, but what matters is your ability to implement them.
Took me a while to realise this but once I did it made a big difference to my trading.

edit: sorry missed out a key point.
I wouldnt say there is exactly a concrete way of finding someone to code an EA for you. Hunting around on forums is a good start. Some brokers will build them for you as well if you are a client of theirs.
FXCM will build an EA for you on request.
  • #5
  • Mar 19, 2016 12:42pm Mar 19, 2016 12:42pm
Thanks guys for the replies.

I will keep looking a reliable coding service to program the strategy I have in mind. I tried to contact some more of them lately with no luck, and it seems I am either forced to learn coding myself, or give up. Both options are unacceptables.

The problem is that my method is a little more complex than the average EA, and this means the price for coding it goes up exponentially and final results might vary a lot because there are always much adjustments to do and parameters to set to optimum performances.

If I finally find a coding service that satisfy me I will update this thread.
  • #6
  • Mar 19, 2016 1:32pm Mar 19, 2016 1:32pm
Quoting R3ta
I do not want to lose people's time, but I am experiencing an odd situation and I need some experienced advice. I started trading forex like many others here, I did all the mistakes one could make but fortunately after some years I developed what you might call a successful approach. Unfortunately, I have a 9/5 job that I do not want to lose and it is impossible for me to trade manually. My strategy involves trading high timeframes and I simply do not have the time to do it. It's a proven and profitable method even tho it relies on simple concepts....
Hey R3ta follow your learning curve.......try here..
Memories caught in time but never forgotten
  • #7
  • Mar 19, 2016 7:46pm Mar 19, 2016 7:46pm
There are A LOT of good and reliable coders on MQL where it shows past jobs completed, how long it took, the price and comments+feedback about the job. Almost like a reputation. Might want to give that a shot. Also, the coders have to upload their legal documents and show real full name in order to sell anything on there so you know it is legit.
All posts are my personal opinion
  • #8
  • Mar 19, 2016 7:56pm Mar 19, 2016 7:56pm
There is a FF forum called "I will code your EAs and Indicators for no charge" This group seems pretty responsible, but it is free and you are on their time. So, be patient.
  • #9
  • Mar 19, 2016 8:12pm Mar 19, 2016 8:12pm
Quoting Davit
{quote} You are making it too complicated. I have full time job and have plenty of time placing trades. Try swing trading or 30min+charts.Adabt your method to work in larger TF unless your method is scalping then its different. regards
That is a shit post and we are all dumber for having read it.
Congratulations ScalaFX for coming out of the closet!
  • #10
  • Mar 20, 2016 3:37am Mar 20, 2016 3:37am
Freelancer. Cheap and done well for me.
MAx
Gravity goes both ways in forex...
  • #11
  • Mar 20, 2016 9:07am Mar 20, 2016 9:07am
Quoting R3ta
I tried to contact some more of them lately with no luck, and it seems I am either forced to learn coding myself, or give up.
i used to think that way too but then i met a coder at mql5 and have been doing jobs for over a year now with him for very reasonable rates like $35usd per job. i had the t101 basket ea overhauled and updated, made my own ea's etc.

actually met him here that's how i found out about mql5. don't sleep, you can make anything you can imagine there for good rates by good people and all funds are secured before the code is completed to your satisfaction

anyway, he is one of many you can choose from. peace:

https://www.mql5.com/en/users/forex_trader
  • #12
  • Mar 20, 2016 11:16am Mar 20, 2016 11:16am
Quoting R3ta
I do not want to lose people's time, but I am experiencing an odd situation and I need some experienced advice. I started trading forex like many others here, I did all the mistakes one could make but fortunately after some years I developed what you might call a successful approach. Unfortunately, I have a 9/5 job that I do not want to lose and it is impossible for me to trade manually. My strategy involves trading high timeframes and I simply do not have the time to do it. It's a proven and profitable method even tho it relies on simple concepts....

So you want to get rich but you do not want to pay the programmer that will make you rich a lot of money? For some games you go to put chips on the table to get the chance to win.
Price-Action Extremist
  • #13
  • Mar 21, 2016 4:08pm Mar 21, 2016 4:08pm
there are many software out there and even website to to create EAs without any coding knowledge.
i lose money for a living
  • #14
  • Mar 27, 2016 9:28pm Mar 27, 2016 9:28pm
Hi R3ta,

I've used the same guy in India for over 12 months now and I found him on upwork.com. There's a stack of people who've done MT4 work on that freelancer site but this guy is excellent and as long as you explain exactly what you want he'll quote you. Only thing is you have to be patient because he's always got around 8-12 jobs going and if you hassle him he'll tell you to piss off and take your work elsewhere. https://www.upwork.com/freelancers/~0184fede12f387c277
Ardua Ad Astra Per
  • #15
  • Edited 12:39am Mar 28, 2016 12:16am | Edited 12:39am
Quoting R3ta
I do not want to lose people's time, but I am experiencing an odd situation and I need some experienced advice. I started trading forex like many others here, I did all the mistakes one could make but fortunately after some years I developed what you might call a successful approach. Unfortunately, I have a 9/5 job that I do not want to lose and it is impossible for me to trade manually. My strategy involves trading high timeframes and I simply do not have the time to do it. It's a proven and profitable method even tho it relies on simple concepts....
Whatever it is that you think is "well suited for automated trading" will be a nightmare to implement in code.
If you do have a "successful approach" you will ruin it by trying to turn it into a trading system.
You may find a coder, or learn to code, and you will spend years refining your system because it's never quite right.
One can stumble upon a "special something" that is making money; however, that is the very thing that can never be coded.
  • #16
  • Mar 28, 2016 12:56am Mar 28, 2016 12:56am
Quoting R3ta
I do not want to lose people's time, but I am experiencing an odd situation and I need some experienced advice. I started trading forex like many others here, I did all the mistakes one could make but fortunately after some years I developed what you might call a successful approach. Unfortunately, I have a 9/5 job that I do not want to lose and it is impossible for me to trade manually. My strategy involves trading high timeframes and I simply do not have the time to do it. It's a proven and profitable method even tho it relies on simple concepts....
http://www.forexfactory.com/showthread.php?t=580141
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #17
  • Edited 1:17am Mar 28, 2016 1:05am | Edited 1:17am
Quoting Mingary
{quote} Whatever it is that you think is "well suited for automated trading" will be a nightmare to implement in code. If you do have a "successful approach" you will ruin it by trying to turn it into a trading system. You may find a coder, or learn to code, and you will spend years refining your system because it's never quite right. One can stumble upon a "special something" that is making money; however, that is the very thing that can never be coded.
What a complete load of bollucks! If you've got a system that is mechanical R3ta with rules that can be measured, give it a go, don't let the glass half empty people put you off.
Ardua Ad Astra Per
  • #18
  • Edited 1:46am Mar 28, 2016 1:12am | Edited 1:46am
Quoting mistakesr
{quote} What a complete load of bollucks!

Simple logic in three easy steps:

1) A profitable automated trading system is the "Holly Grail" of trading
2) the "Holly Grail" does not exist
3) therefore, a profitable automated trading system does not exist.
  • #19
  • Mar 28, 2016 1:56am Mar 28, 2016 1:56am
Quoting Mingary
{quote} It's "bollocks" (; Simple logic in three easy steps: 1) A profitable automated trading system is the "Holly Grail" of trading 2) the "Holly Grail" does not exist 3) therefore, a profitable automated trading system does not exist.
The Holy Grail does exist in every trader, it's in their own head. EA's can help traders become profitable and consistently but that doesn't mean it's necessarily set and forget 24/7. Personally I've found it pretty tough making mine set and forget so far but on the TF's I trade I would not be without it, it helps in so many ways and I don't think there is any way I would make even half of what I do if I didn't have it but that's just me. I hope he gives it a go, you never know what he might produce and for a few hundred bucks it's worth it in my mind.
Ardua Ad Astra Per
  • #20
  • Last Post: Mar 28, 2016 4:52am Mar 28, 2016 4:52am
What is expensive for you? I know many guys coding an EA for about 100-200 dollars, especially if it's a simple strategy.
I know everyone has different economy, I'm just saying that maybe you didn't look around enough.
also if you don't have time to trade your time frame then why not jump up another step, ex: from weekly to monthly.
will that give you enough time?
Bulls are stupid Animals!especially when Im short!
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