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Do YOU think EA's work (POLL)

  • #61
  • Mar 8, 2007 7:10am Mar 8, 2007 7:10am
Quoting FXTerminator
In other words it's like betting that your house will NOT burn THIS year so you are not buying any insurance... http://www.forexfactory.com/images/icons/icon12.gif
Wow, you really don't pay much attention to what people write do you.

Just kidding...
  • #62
  • Mar 9, 2007 5:16am Mar 9, 2007 5:16am
this a result of an EA from 07-2004 to 03-2007


http://www.consultingforex.cl/images...cfxadvisor.gif

have a nice day
  • #63
  • Mar 9, 2007 5:18am Mar 9, 2007 5:18am
Quoting pablorpl
this a result of an EA from 07-2004 to 03-2007

have a nice day
Is this a backtest, or live account?
  • #64
  • Mar 9, 2007 5:21am Mar 9, 2007 5:21am
Quoting blueruby
Is this a backtest, or live account?
is.. backtest WITHOUT optimization.
  • #65
  • Mar 9, 2007 7:57am Mar 9, 2007 7:57am
Quoting FXTerminator
Sir, I still have to verify that statement and see if the NFP report for example is indeed producing less volatile moves than before these last few years or if this is just an illusion.
Bag it certainly does ATM.

Moving on to where we went off topic a bit FXT if you want to post your reply if you've had a chance in my journal or start a new thread. Whatever you wish.

Have a great weekend everyone.
Do not focus on making money; focus on protecting what you have.
  • #66
  • Mar 10, 2007 5:05am Mar 10, 2007 5:05am
Hi,

I had my system written into an EA. It helps to take my trade while I'm not around or free. I'll set the criteria and walk away. Some human intervention must still exist. I'm not sure and do not have alot of experience other peoples EA.

Regards
Dave
  • #67
  • Edited 6:13am Mar 10, 2007 5:48am | Edited 6:13am
Quoting pablorpl
is.. backtest WITHOUT optimization.
It certainly looks promising, but you can't really say "it works" until you've made money consistently, or at least forward tested.

In the first post, "works" was defined as, 'you can turn it on, leave for the day, and come back and have a 3% profit'. This sounds too good to be true, of course, but a good human trader can do this with some consistency.

The question is, can a machine do it?

There are people who are answering "yes" but changing the criteria for "works", so I say "NO" wins overwhelmingly.

There's a thread on Forex-tsd elite section entitled "How many of you are successful" using EA's. 1578 views, 46 replys, the most encouraging of which says he makes money but monitors the EA closely and kills bad trades.
  • #68
  • Mar 10, 2007 5:53am Mar 10, 2007 5:53am
Quoting jlpi
Yes I fully agree with you.
It's true that the name Expert Advisor is not well chosen (I never thought of that before) as it is only a stupid executor.
Good point! Very well said!

Quoting jlpi
we can see that in many fields the "machines" can be as good or better than most of the people (think about chess playing, 25 years ago people said that never a stupid machine will beat a chess champion)
A machine can pick the best move in chess because there are always a finite number present moves and possible future moves, the machine can forward calculate all possibilies from now until every possible ending, every possible future is KNOWN.... get my point?

The market has no such rules governing moves, no such order.
  • #69
  • Mar 19, 2007 12:00am Mar 19, 2007 12:00am
I don't know what to say about EA. I'm just back from a conference and the speaker demo'ed his EA where it turned 10k to 400k in 7 years. That's a backtest without optimization. The system is based on moving average.

I cant think of a reason why it won't work in forward test.
  • #70
  • Mar 19, 2007 12:43am Mar 19, 2007 12:43am
I voted NO. I've never seen one before that works in a backtest since 1987 until now. And please, no human intervention at all in the EA! Like you build an EA on 1987 and run it and don't care about it until now and let it make profits for your living. Now that's my definition of a true EA.
Tra-X
  • #71
  • Last Post: Nov 16, 2007 7:50am Nov 16, 2007 7:50am
Quoting incomeideas
Market conditions will change sooner or later, but there is no program nor software that is able to pick that up and make self-adjustment. Human brain works are needed to come out with a new EA version. And the cycle continues...............
To me, to call something works, it should not fail. If it fails, it is not working.
my 2 cts.
agree 100% There are a lot of systems around here that "works" but not works (???).
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