Rate my EA and give me advise how to commercialize it | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Any russian here with alpari (Russian) broker? please advise 7 replies

Advise and Guidance for a NEW FOREX guy 11 replies

I am starting and need your advise 22 replies

Advise 8 replies

New to Forex looking for advise 11 replies

Attachments: Rate my EA and give me advise how to commercialize it
Exit Attachments

Rate my EA and give me advise how to commercialize it

  • Poll

  • Sell Ea to generate initial deposit or to Manage accounts?
  •  
  •  
  •  
  • #1
  • First Post: Edited Jan 25, 2021 11:05am Jan 12, 2021 11:48am | Edited Jan 25, 2021 11:05am
http://www.myfxbook.com/members/dato...ds-bot/7693145
This is my Expert Advisor, it is built based on each pair movement research. with this EA it is not possible to loss account. It runs on 6 pairs and has 3 safety levels built in: 1) stop loss in pips on each trade. 2) stop out level in money on each pair. 3) equity stop out level on account fully in 30% size (trader can chose any percentage). expert advisor is tested from 2008 year till today and it has never reached stop out level on account (never reached 30% account loss on all pairs in sum), if it reaches this level it stops trading. It can generate from 2 to 8% month. It has long term stable growth possibility. No hanging possitions, No draw downs. For proper working it needs spred not over 1-1.5 pips and 25 000$ size account to run all 6 pairs, or account type with 0.001 lot possibility to make it working similar way on account size 2 500$ or lower. How do you think, if there is possibility to generate 2 to 8% month with expert advisor and you have no starter amount to generate normal profit, what would you do? Sell it or manage accounts? here are test results attached from 2015 till 2020 summer (and also monitoring screen as I do not know if here is allowed to post myfxbook link) if it is not alowed to have myfxbook link please delete it moders.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 37 KB
Click to Enlarge Name: 2.PNG Size: 38 KB
Click to Enlarge Name: 3.PNG Size: 38 KB
Click to Enlarge Name: 4.PNG Size: 26 KB
Click to Enlarge Name: 5.PNG Size: 26 KB
Click to Enlarge Name: 8.PNG Size: 58 KB
  • #2
  • Jan 15, 2021 2:56am Jan 15, 2021 2:56am
Sell to whoever would believe it, because trust me on this, you get very different result from forward testing with Demo/Live (doesnt matter). I also developed a number of EAs for trading. Have seen a number of curves like yours. A red flag is when seeing a diminishing return with time (like ur second last chart).

I still dunno the true reason behind this weird observation (more than only spread and slippage), but MT4 backtest can only test if the EA functions properly. In my experience I tried 4-5 EAs I wrote, only 1 is implemented to Live account eventually after backtest, demo forward test 3 months. Profit factors <1.6 tends to fail in reality.

the one with 1.7 profit factor may work, if all these tests are not from same strategy. You can open a demo, rent a server and run them for a few months and you’ll know. I learnt it the hard way. Good luck
  • #3
  • Jan 15, 2021 4:34am Jan 15, 2021 4:34am
Quoting tommydoginti
Sell to whoever would believe it, because trust me on this, you get very different result from forward testing with Demo/Live (doesnt matter). I also developed a number of EAs for trading. Have seen a number of curves like yours. A red flag is when seeing a diminishing return with time (like ur second last chart). I still dunno the true reason behind this weird observation (more than only spread and slippage), but MT4 backtest can only test if the EA functions properly. In my experience I tried 4-5 EAs I wrote, only 1 is implemented to Live account...
there is live monitoring on demo nearly 5 months already started from the end of August there is no somethng can affect and make different result
  • #4
  • Jan 15, 2021 9:48am Jan 15, 2021 9:48am
Quoting dato896
{quote} there is live monitoring on demo nearly 5 months already started from the end of August there is no somethng can affect and make different result
A demo ver can better satisfy users and or willing to rent/purchase
  • #5
  • Jan 15, 2021 9:53am Jan 15, 2021 9:53am
Quoting mntiwana
{quote} A demo ver can better satisfy users and or willing to rent/purchase
tell me, what would you do if you have Ea that showes 3-7% growth without draw downs and with possibility to work next 10-15 years same way? would you sell it? rent, or manage accounts?
  • #6
  • Jan 25, 2021 11:15am Jan 25, 2021 11:15am
myfxbook auto update service somehow filed so I had to go to "ea update" function here it is http://www.myfxbook.com/members/dato...ds-bot/7693145
  • #7
  • Feb 4, 2021 7:13am Feb 4, 2021 7:13am
here also I want to share with you My own built Indicator https://www.mql5.com/ru/market/produ...e=Site+Profile
  • #8
  • Feb 5, 2021 12:32am Feb 5, 2021 12:32am
Why dont you use it for your self as soon as is so profitable there are firms who can give you capital to 300 K i dont know why you bother yourself with such activity...
  • #9
  • Feb 5, 2021 3:01am Feb 5, 2021 3:01am
Quoting mizi123
Why dont you use it for your self as soon as is so profitable there are firms who can give you capital to 300 K i dont know why you bother yourself with such activity...
show me such firms It needs capital minimum 10 000$ to make it working on 4 pairs out of 6 I do not have enough funds because of this I search for partners.
  • #10
  • Feb 6, 2021 2:59am Feb 6, 2021 2:59am
Quoting dato896
{quote} show me such firms It needs capital minimum 10 000$ to make it working on 4 pairs out of 6 I do not have enough funds because of this I search for partners.
There is very small markets for signals or EAs or indicators.
A lot of programmers have spent a lot of money on digital marketing and have lost all money.
A lot of programmers led to garden path by their notions of skills producing a magic lamp have lost all their savings.
MQL5 site is not attracting new business.
Freelancer service buyers want profitable EAs and don't pay when they realise EA is not profitable.

Trading techniques without having control on mind will not work.
Controlling mind need 90% of effort to produce profit.

The idea is not to discourage you but to let you know use your time for some productive activity.
Even if you put your own money in your own EA, you will lose money because your mind will keep interfering with you.
Practice makes a person perfect
  • #11
  • Feb 6, 2021 3:17am Feb 6, 2021 3:17am
Quoting simnz
{quote} There is very small markets for signals or EAs or indicators. A lot of programmers have spent a lot of money on digital marketing and have lost all money. A lot of programmers led to garden path by their notions of skills producing a magic lamp have lost all their savings. MQL5 site is not attracting new business. Freelancer service buyers want profitable EAs and don't pay when they realise EA is not profitable. Trading techniques without having control on mind will not work. Controlling mind need 90% of effort to produce profit. The idea...
I have 10 years trading experience I agree with you partially
  • #12
  • Last Post: Edited 8:13am Feb 6, 2021 3:38am | Edited 8:13am
I certainly would pay money for a consistently profitable EA that has a less than 10 % draw down.
Others would too if you just run its results openly here, togethor with good up to date back test results.
0 traders viewing now