DislikedI don't see the MTF_v5 in the files. Should I be using the SSSbeta 2 or the SSS version 1 EA.
Thanks again,
cwaveIgnored
The EA obviously catches trades late but i am still tightning the buffers and disabled candle close to see if it would help. It also can't be used except during the London & US markets as the market trends more during those periods.
But if i am correct; this system was originally built with Stoch Dinapoli which was not included or considered in the EA. Please could anyone tellme the reason?
" Since the Dinapoli Stoch is just there for re-entry, I removed it and replaced it with the Laguerre indicator"
I think he did'nt believe it was necessary, i maybe wrong
- #612
- Aug 29, 2008 12:36am Aug 29, 2008 12:36am
Hey Femzy......Quote from post # 266 by Wahnone
" Since the Dinapoli Stoch is just there for re-entry, I removed it and replaced it with the Laguerre indicator"
I think he did'nt believe it was necessary, i maybe wrong
But i might just check through previous posts now.
Sure, an Expert Advisor can do many things. MT4 basically allows a great amount of customization in the form of mini programs. These take the form of Indicators, Scripts and Expert Advisors. The EA can be programed to do a lot of things, ranging from giving you a signal that says 'BUY NOW!!' to automatically placing trades for you. EA's are useful for people who know exactly how they want their system to work and want to take the Human error out of the equation. However, EA's do exactly what they are programed to do. Because of this, they will often miss a buy or sell that you may have made for reasons that it's not programmed to anticipate. Example: You see a huge downward trend in the market for the hourly, weekly and monthly chart of a currency pair. The 15 minute chart is trending up. You're watching the news and see that some bad report just came out and your sure the trend will go back down so you sell (or go short). The EA you are using might only be looking at the 15min chart so it thinks that the market is trending up when in reality, it's going down.
This is why we all say to tweak your EA's and know when a good time to use them is. Any given EA may be better suited to a paticular currency pair, or to a Bull or Bear market. If you are not currently in a condition that the EA thrives in, you have a good chance of loosing money.
In short, the EA is a tool. The best 'Expert Advisor' out there is YOU (given that you have put the time and effort into learning the market and it's ways). No EA will make you a millionare. You should not go live with an EA until you have tested it and tweaked it and understood it's interworkings for a long time. (Did I give enough disclaimers?)
