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EA MindStorms

  • #1
  • First Post: Edited 4:36pm Mar 29, 2018 3:29pm | Edited 4:36pm
EA MindStorms

Hi everyone, welcome !

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Idea: Structure for creating modular EAs. The idea is to create robots with several different engines talking to each other or just a mechanism in a simple way to test various combinations of strategies. Similar to the Trio Orchestra where it uses 3 motors of the classic Ilan with different input signals.
An engine will only be a piece of the main EA.
Example of engines : xBest / Ilan / TrendFolowEa , etc ...
An example of use is to leave an xBest engine only on purchase and another Ilan only on sale to test both at the same time on the backtest
One canceling Drawdow from the other.

Potential motors / mt4 sensors are welcome.
  • #2
  • Mar 29, 2018 4:33pm Mar 29, 2018 4:33pm
Have you considered using momentum on the profitable trades? Most martingale ea's don't allow adding new trades on the winning side but if you do that when there is a strong trend, it should reduce the dd significantly. Trailing should be also used in case the trend turns back.
  • #3
  • Apr 6, 2018 2:09am Apr 6, 2018 2:09am
Fan of your contributions, roldolfolm.
Good entry points are only part of the equations.
I propose that we spend some effort in polishing the exit strategy as well.
For me the effort estimation for entries and exits should be 50:50.
  • #4
  • Apr 6, 2018 2:18am Apr 6, 2018 2:18am
Good idea, but why not have for example four EAs working and a general EA that is watching take profit and loss over the total equity?
  • #5
  • Apr 6, 2018 2:25am Apr 6, 2018 2:25am
Quoting kofix11
Good idea, but why not have for example four EAs working and a general EA that is watching take profit and loss over the total equity?
That's exactly my point.
Most people use this method to close their trades - if total profit/loss $ hits x amount close all trades.
This is too 1-dimensional in my opinion, for a couple of reasons:

1) You lose out on potential gains
2) You risk suffering a string of unrecoverable losses
3) It is counterproductive especially if you are trading with a basket of currencies

By the way, all of that can be achieved with 1 EA
  • #6
  • Apr 6, 2018 3:10am Apr 6, 2018 3:10am
Quoting carddard
{quote} That's exactly my point. Most people use this method to close their trades - if total profit/loss $ hits x amount close all trades. This is too 1-dimensional in my opinion, for a couple of reasons: 1) You lose out on potential gains 2) You risk suffering a string of unrecoverable losses 3) It is counterproductive especially if you are trading with a basket of currencies By the way, all of that can be achieved with 1 EA
Which EA do you recommend to monitor the entire equity of a basket or account...and why not to close all at specific profit level?
I never lose - either I win or I learn...
  • #7
  • Apr 6, 2018 3:18am Apr 6, 2018 3:18am
Quoting jdva
{quote} Which EA do you recommend to monitor the entire equity of a basket or account...and why not to close all at specific profit level?
I write my own code so I can't recommend any EA to You, but I'm sure there are plenty of free ones out there if you intend to use one of them.

The reasons are in my previous post above.
As a simple example, assume you are in floating loss of -$500 for 2 weeks. And your basket TP is $10. Today you hit +$10 and you get a saved from a wipe out. Sounds like a good save. But is it really the best way to close out your trades?

You can code out a simple EA to verify this.

Don't get me wrong, this is one of the ways to close out your trades but IMO it shouldn't be the only way in your arsenal.
  • #8
  • Edited 3:49am Apr 6, 2018 3:34am | Edited 3:49am
Quoting carddard
{quote} I write my own code so I can't recommend any EA to You, but I'm sure there are plenty of free ones out there if you intend to use one of them. The reasons are in my previous post above. As a simple example, assume you are in floating loss of -$500 for 2 weeks. And your basket TP is $10. Today you hit +$10 and you get a saved from a wipe out. Sounds like a good save. But is it really the best way to close out your trades? You can code out a simple EA to verify this. Don't get me wrong, this is one of the ways to close out your trades but...
surely it doesn't make any sense to close out a basket at $10 profit if you are in a floating DD of -500$...or dont I understand you right!? I want to close out just then when the whole basket/account equity (floating profits minus DD) is in the greens...at a predefined level you are satisfied and comfortable with..
I never lose - either I win or I learn...
  • #9
  • Apr 6, 2018 3:37am Apr 6, 2018 3:37am
Quoting carddard
{quote} I write my own code so I can't recommend any EA to You, but I'm sure there are plenty of free ones out there if you intend to use one of them. The reasons are in my previous post above. As a simple example, assume you are in floating loss of -$500 for 2 weeks. And your basket TP is $10. Today you hit +$10 and you get a saved from a wipe out. Sounds like a good save. But is it really the best way to close out your trades? You can code out a simple EA to verify this. Don't get me wrong, this is one of the ways to close out your trades but...
yes.. most trader are willing to float at -500$ but not calm enough to let it float at +500$.. haha
  • #10
  • Apr 8, 2018 2:14am Apr 8, 2018 2:14am
Quoting rodolfolm
EA MindStorms Hi everyone, welcome ! {image} {image} Idea: Structure for creating modular EAs. The idea is to create robots with several different engines talking to each other or just a mechanism in a simple way to test various combinations of strategies. Similar to the Trio Orchestra where it uses 3 motors of the classic Ilan with different input signals. An engine will only be a piece of the main EA. Example of engines : xBest / Ilan / TrendFolowEa , etc ... An example of use is to leave an xBest engine only on purchase and another Ilan only...
What's your plan on this bro? Let me know how I can help. I think this is one of the more promising ones. I can plug in exits as one of the modular components.
  • #11
  • Apr 8, 2018 4:05am Apr 8, 2018 4:05am
The purpose of this is to win double profit?
Prevent single direction protection account?
Science and art
  • #12
  • Last Post: Aug 17, 2018 1:00am Aug 17, 2018 1:00am
We should revive this thread.
Modularization can help to save lots of time and effort and scale up strategy development!
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