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Categorizing an Expert Advisor

  • #1
  • First Post: Oct 26, 2008 11:56am Oct 26, 2008 11:56am
Hello!

Along with some other folks in our local message board, I am trying out
a MetaTrader 4 Expert Advisor supplied in .ex4 form. Clearly, I can't see
the logic of it, only the parameters and results.

Is there a general way to categorize a robot?
By that I mean, short medium or long term; low risk, high risk; fully developed or experimental?
I am by no means attempting to decompile this thing. The author is due
some fair compensation. But even a 'black box' has to belong to some
category or other.

Thanks!
  • #2
  • Oct 26, 2008 12:00pm Oct 26, 2008 12:00pm
Quoting eytoca80
Hello!

Along with some other folks in our local message board, I am trying out
a MetaTrader 4 Expert Advisor supplied in .ex4 form. Clearly, I can't see
the logic of it, only the parameters and results.

Is there a general way to categorize a robot?
By that I mean, short medium or long term; low risk, high risk; fully developed or experimental?
I am by no means attempting to decompile this thing. The author is due
some fair compensation. But even a 'black box' has to belong to some
category or other.

Thanks!
I suggest you do a visual backtest with it and then you will instantly see what indicators it is using, because the will be installed on the chart that the backtest is running, automatically.
  • #3
  • Oct 26, 2008 1:46pm Oct 26, 2008 1:46pm
If it isn't a custom indicator it wont show on the journal window !
  • #4
  • Last Post: Oct 30, 2008 12:04am Oct 30, 2008 12:04am
Quoting smjones
I suggest you do a visual backtest with it and then you will instantly see what indicators it is using, because the will be installed on the chart that the backtest is running, automatically.
OK -- it only uses the one: Barry Stander's Support and Resistance under the filename SuppRes.mq4.
This displays red-dotted resistance lines and green-dotted support lines.
The EA in question likes to work near the top or bottom of a drawn S/R "box" but often goes opposite to the way I would.

Thanks!
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