What is best EA should be?
I've developed many ideas into EA and truely some are craps & some are profitable but not last long. they're not adapt to market changes.
For some EAs, they are profitable during the correct trend and worst at ranging or MC at reverse trend
For some EAs, profitable only at the ranging only, worst when trend occurs.
I do believe other developers also facing similar experiences.
So recently I had a new thought:
Forget about other trade secrets, one need only a good system to deal with 3 things(TREND, RETRACE,REVERSE TREND)
Yes, only this 3 main things..other than MM
To develop EA that can adapt to market change automatically so called
1. Follow trend , sure profit
2. Retracement , still profit
3. Reverse trend , have to dealing with some floating but finally still end up with profit
Had tested in the month of Jan 2011 & Feb 2011 market conditions ( I like this 2 months because it consist of all the 3 above).
results so far:
with depo amount of $1000, start lot size 0.1 (10 cents/pip on account leverage 1:500)
Jan gain 50%, with maxDD 50%
Feb gain 60% with maxDD 48%
March still testing...results so far 28% 10 days trades...
may be due to a lot of calculation involve, I cannot make the test faster.
I've developed many ideas into EA and truely some are craps & some are profitable but not last long. they're not adapt to market changes.
For some EAs, they are profitable during the correct trend and worst at ranging or MC at reverse trend
For some EAs, profitable only at the ranging only, worst when trend occurs.
I do believe other developers also facing similar experiences.
So recently I had a new thought:
Forget about other trade secrets, one need only a good system to deal with 3 things(TREND, RETRACE,REVERSE TREND)
Yes, only this 3 main things..other than MM
To develop EA that can adapt to market change automatically so called
1. Follow trend , sure profit
2. Retracement , still profit
3. Reverse trend , have to dealing with some floating but finally still end up with profit
Had tested in the month of Jan 2011 & Feb 2011 market conditions ( I like this 2 months because it consist of all the 3 above).
results so far:
with depo amount of $1000, start lot size 0.1 (10 cents/pip on account leverage 1:500)
Jan gain 50%, with maxDD 50%
Feb gain 60% with maxDD 48%
March still testing...results so far 28% 10 days trades...
may be due to a lot of calculation involve, I cannot make the test faster.