I am actually working on this exact idea. I would say the simple answer is if you are telling an ea to take one type of entry strategy or take advantage of a specific market condition, the answer is NO. Due to the exact point you are making. If you have an EA that is taking advantage of trends it will work in trends and fail in ranges. IF you have an EA that takes advantage of ranges it will work in ranges, and fail in trends. IF you have an EA that is countertrend, it will fail in trend markets.
Then you can have all of your filters and try to avoid all of these pitfalls, to avoid trades that don't conform to the strategy. But, that has its own challenges as well.
That's why you see EA's that average, grid, or martingale because they are trying to adapt to this reality. In other words, they don't have to pick a strategy, they can just attempt to average out of a bad trade. The problem is usually they all blow up or have massive drawdowns.
That being said, I think it's possible. But you have to have some hybrid strategy that can handle various conditions and adapt. It would also require an advanced Money management strategy as well. Now that is the challenge. Anything can be done.
I am actually working on this exact idea. I would say the simple answer is if you are telling an ea to take one type of entry strategy or take advantage of a specific market condition, the answer is NO. Due to the exact point you are making. If you have an EA that is taking advantage of trends it will work in trends and fail in ranges. IF you have an EA that takes advantage of ranges it will work in ranges, and fail in trends. IF you have an EA that is countertrend, it will fail in trend markets. Then you can have all of your filters and try to...
Hi There are plenty of mixed feelings about EA's because EA's can be programmed to take advantage of certain type of market condition or pattern. BUT The biggest problem is when the market condition changes. I wanted to know what the EA expert thinks of the following hypothesis : If an EA could survive the USD / JPY from 01 / 01 / 2014 till present then it can trade all market conditions right .I mean look at the a screenshot of the market for the year {image} We have low range , low volatility , big range big volatility , massive moves , weeks...
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According to the vote result: almost 60% members are voting against on the statement & that’s the reality.
