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Trading Strategy Development Journal For EA

  • #201
  • Edited 4:02pm Sep 12, 2019 2:33pm | Edited 4:02pm
Quoting candyman752
Geeish it took a long time to learn this. It is actually a blunder to trade all 28 pairs at a go and call it basket trading. Boy is forex trading hard work. What I have learnt , by forward testing, from basket knights is ,it is more profitable to group currency pairs according to their correlations. The forward tests are there for you to see that this is true. Nice one basket knights. I mean everyday this week the EA has been banking pips. ATM (automated teller machine)bot (in the making) looking very possible
I disagree, Candyman. What I have learned is that you forward test all 28 pairs, then remove the unprofitable ones. And the ones you don't like, for whatever reason.

I'm trading three different brokers and my current EA wants different pairs for each one.

Test with all pairs. You never know what you'll find. Your testing is smarter than you are. :-) Let your testing find the correlations. Trade as a basket, but analyze individually afterwards.

Testing all pairs costs almost nothing for a multi-pair EA, just do it ...
  • #202
  • Sep 13, 2019 2:11am Sep 13, 2019 2:11am
Quoting richard96816
{quote} I disagree, Candyman. What I have learned is that you forward test all 28 pairs, then remove the unprofitable ones. And the ones you don't like, for whatever reason. I'm trading three different brokers and my current EA wants different pairs for each one. Test with all pairs. You never know what you'll find. Your testing is smarter than you are. :-) Let your testing find the correlations. Trade as a basket, but analyze individually afterwards. Testing all pairs costs almost nothing for a multi-pair EA, just do it ...
Noted.
What you are mentioning takes quite a long time to forward test. Though its the best way as it removes doubts as to whether I could have better results
  • #203
  • Sep 14, 2019 4:08am Sep 14, 2019 4:08am
I will now be putting a link in post one to updates I will be putting in thread replies done on last page
Attached File(s)
File Type: mq4 Banksta_Busta_V5_Tweeked.mq4   1.7 MB | 369 downloads
File Type: mq4 Banksta_Busta_V5_Tweeked_NoSL.mq4   1.7 MB | 334 downloads
File Type: mq4 Busta Bank V05.mq4   1.7 MB | 391 downloads
  • #204
  • Sep 15, 2019 6:20am Sep 15, 2019 6:20am
Quoting richard96816
{quote} I disagree, Candyman. What I have learned is that you forward test all 28 pairs, then remove the unprofitable ones. And the ones you don't like, for whatever reason. I'm trading three different brokers and my current EA wants different pairs for each one. Test with all pairs. You never know what you'll find. Your testing is smarter than you are. :-) Let your testing find the correlations. Trade as a basket, but analyze individually afterwards. Testing all pairs costs almost nothing for a multi-pair EA, just do it ...
Last week I had an idea that relates to trading the 28 pairs. If there was an EA that could create a basket once pair starting going in to profit and then have the EA trail those pairs it has placed in the basket. One could do well trading the 28 pairs. Unfortunately it is a coders nightmare to put that together.
  • #205
  • Sep 15, 2019 6:40am Sep 15, 2019 6:40am
The objective of this thread has been done. The strategy is Bollinger band Period 20 and 80 on the hour chart. Unfortunately you have to choose which pairs you are comfortable trading with. The max pairs you should have at a go is 14. You can start with a $100 account. Also ,sadly , this is not set and forget. You need to be aware with what's happening in the market. Two questions you have to ask 1) is it risk on or risk off - from this you should be expectant of what type trades your pair should be opening 2) is there Red news coming. - How will it affect the currency pairs I have open? Sorry guys forex trading aint easy. Man I wanted a set and forget EA but sadly I concluded not possible at this moment for me. ( Hey the big hedge funds probably have advance artificial intelligence going for them which even read news head lines and open trades)

Basically busta bank tries to buy the dip in up trend and vice versa for a sell. It uses Bollinger bands mentioned above. Then when a high probability dip is spotted it lines up pending orders to try and take advantage of the price action anticipated. If all things go well and price moves as anticipated three or four pendings get hit and bam the bot banks a good profit. If things don't go as well may be none or one of the pendings get hit and we have a small loss.

From now I will just be posting any updates of EA. Updates will be coming as follows. I have put EA on twelve pairs and I also following basket knights thread. When basket knights post pips they banked and I the ea never opened any pendings I will go look at charts and see I would have been comfortable to open pendings on the pairs they show they made profit on. If yes I will code the setup and the post an update. That's all.

I will open another thread to journal the performance of bust bank. Thanks to you all
  • #206
  • Sep 16, 2019 9:35am Sep 16, 2019 9:35am
forex is not easy, but if you look about some others traders performance , maybe you will be very inspire. https://www.myfxbook.com/members/reteid/16/3504543

she said it is a reversal strategy. and trades multiple pairs.
  • #207
  • Sep 19, 2019 7:05am Sep 19, 2019 7:05am
Quoting merlin1331
forex is not easy, but if you look about some others traders performance , maybe you will be very inspire. https://www.myfxbook.com/members/reteid/16/3504543 she said it is a reversal strategy. and trades multiple pairs.
What's her name?
"No pain no gain"
  • #208
  • Sep 20, 2019 11:51am Sep 20, 2019 11:51am
Quoting JBRolim
{quote} What's her name?
i do not know, but you can pm her to see if she give you the system or not.
  • #209
  • Sep 21, 2019 3:33am Sep 21, 2019 3:33am
Quoting merlin1331
forex is not easy, but if you look about some others traders performance , maybe you will be very inspire. https://www.myfxbook.com/members/reteid/16/3504543 she said it is a reversal strategy. and trades multiple pairs.
"...trades multiple pairs."
you mean Dashboard trading ? it is interesting to see if uses currency strength for pair selection
Everything flows. Learn to Earn.
  • #210
  • Last Post: Apr 3, 2025 3:20am Apr 3, 2025 3:20am
Quoting pintubesar1
Hi Dear Candyman i have a strategy that work with 2 indicators that work 100% and please i want you to make an EA of it the strategy is simple had two rules: - Buy Entry: 1) when the price is below the blue line and an signal buy appear place a buy entry 2) TP: is 10 Pips / SL: No SL 3) TimeFrame: H4 - SELL Entry: 1) when the price is above the red line and an signal sell appear place a sell entry 2) TP: is 10 Pips (optional)/ SL: No SL 3) TimeFrame: H4 The strategy came with two indicators 1) Super Arrow Indicator No Repaint 2) Border Ligns Please...
tq for the strategy
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-04-03 161945.png Size: 8 KB
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