nice! creating a great EA!

ive been trading equities/options for quite some time and until recently, my dad talked me into moving over to foreign currency which is a completely different game as the volatility seems greater and the only way to get similar results as i was getting in equity/options was to extend my time frames.

on equities, i was trading based on 5 or 15 min time frames. in forex, ive noticed that this was almost impossible due to the large spreads and higher degree of manipulation.

i cannot find the post i had up but someone had showed me how to create my own EA's rather than placing the trades manually and once i am done with them, i will share them with you all...

currently, i am in the process of building 6 EAs based on my own style of trading in equities... so far i am almost finished with the first.. here is a screen shot of its performance based on MT4 and my style of trading/risk management

i think youd agree it seems pretty impressive!


http://www.freetradingvideos.com/for...s/1110/ea1.jpg

With all due respect, your average loss is almost 6 times your average win.

It seems like you prefer placing small TPs and large SLs, as many of the other traders on this forum will agree with me, that is a surefire recipe for disaster/blown accounts.

ive played around with different methods in the past and found that having a higher win vs loss % is more profitable than a lower win vs loss % where the profit gains are higher

i did try comparing some of my older strategies vs current strategies which i used and saw some amazing differences...

for example...

strategy 1 over 4 months had a gain of $1600 with a win ratio of 96% vs a loss ratio of 4%

while strategy over 4 months had a gain of $2200 with a win ratio of 27% vs a loss ratio of 73%

i think overall, if you can handle seeing your account losing more than 3/4 the time then i guess its fine but i have a different mental state where i need to see my wins taking control at least 9 of 10 times even if 1 loser will wipe out a couple of wins

the EA does have some drawbacks as well... it seems my own strategies may be a bit too complicated for the EA such as selling out partial positions, readjusting the stop, etc... personally i dont use trailing stops. i like to hit a target, readjust my stop, and just continue readjusting my stop or taking profit on larger moves

Well it seems there is plenty more development work on your EA.

Best of luck to you. I look forward to the results!