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Expert Advisor Discussion - Does it work

  • #21
  • Oct 20, 2013 7:46am Oct 20, 2013 7:46am
Quoting baokydev
I do decode a number of indicators available in Forex Factory System to understand how certain indicator work ...
Great! You're confessing doing something illegal here on FF ... Are you aware that decompiling code without the consent of its author is illegal ?

Quoting baokydev
whats the difference of making the risk higher like 5% or 10% with better returns ( just increasing lot size )
The difference between his risk and yours is that if an usual DD occurs, he will be safe while you might go to a margin call. Obviously a difference of experience also ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #22
  • Edited 8:23am Oct 20, 2013 8:06am | Edited 8:23am
Quoting FerruFx
{quote} Great! You're confessing doing something illegal here on FF ... Are you aware that decompiling code without the consent of its author is illegal ? {quote} The difference between his risk and yours is that if an usual DD occurs, he will be safe while you might go to a margin call. Obviously a difference of experience also ...
Seems like you quite offensive or against me here, what I refer to decoding is to look at the mq4 code? is that consider illegal ? The indicator are provided in mq4, I don't mean decompiling ex4 maybe you got the wrong idea. Indicators are coded by people and if they don't want other to see the code, they can just provide the ex4 version which meant for execute only.

And how I build my EA is to follow what various popular Forex System here written in PDF/Instructions such as the indicators involves , how to entry, how to exit and coding them into EA to trade for me 24/5, doing backward and forward testing, and I make my indicator call using iCustom, I don't see whats illegal here.

In regards to the 2nd part -
He say his drawdown is around <1% or so with 10-20% returns, my question is very simple.

if he can get it at 1%, by increasing his trade or lot size by double, won't it give him the max 2% drawdown, what is that with experience or what ? and what make you think mine will hit margin call if you din't even see my EA before.

You mention:
The difference between his risk and yours is that if an usual DD occurs, he will be safe while you might go to a margin call. Obviously a difference of experience also ...

How does me calling for 2% drawdown make me go to hit margin call while his safe ? What do you think of the difference between risking 1% and risking 2%, when the returns is double ?

You trade 0.1 lot vs trading 0.2 lot per trade is equal to you take HALF the time to make the same amount, lower the time involve in the market, wasn't it part of risk management too ? I don't see whats wrong with keeping drawdown at 2% - 10% if it can higher your income, I not asking him to make his drawdown to anything above 10%.

He also mention he have a drawdown of 1% in a YEAR, what about the rest of the possibility drawdown he can afford to take, like the other 9% , assume max drawdown 10%, he can increase his trade size, and keep his drawdown at 10% maximum, with 10 times the income ? whats wrong with that , he would make 100-200% per year which he will take 10 years to get if he do a setting that fetch him 1% a year.

Coding an EA of course always prepare for the worse scenario that could happen and utilize the risk and returns to the best benefits.

Maybe your so call saying of difference in experience refer to the difference between me and you ? I am 25 years old, I guess you are perhaps older than me, more experience, but how does your experience benefits you thinking when a call of 2% drawdown with double returns only bring negative reaction ?

If you are happy with keeping your drawdown at 1% for making 10-20%, I don't see whats issue with double the risk and make drawdown at 2% and making 20-40%.

Maybe FerruFX can enlighten me here.
Trading is something special.
  • #23
  • Oct 20, 2013 8:18am Oct 20, 2013 8:18am
Quoting baokydev
what I refer to decoding is to look at the mq4 code? is that consider illegal ? The indicator are provided in mq4, I don't mean decompiling ex4 maybe you got the wrong idea.
My bad on this one. My understanding was decompiling the .ex4 file. Please accept my apologize.

Quoting baokydev
If you are happy with keeping your drawdown at 1% for making 10-20%, I don't see whats issue with double the risk and make drawdown at 2% and making 20-40%. Maybe FerruFX can enlighten me here.
The safer, the better.

The account size may be also a big part. 10% return per year on a 10M$ account don't need a higher risk for reasonable returns ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #24
  • Oct 20, 2013 8:27am Oct 20, 2013 8:27am
Quoting FerruFx
{quote} My bad on this one. My understanding was decompiling the .ex4 file. Please accept my apologize. {quote} The safer, the better. The account size may be also a big part. 10% return per year on a 10M$ account don't need a higher risk for reasonable returns ...

I guess I make you misunderstood me, my apologize too.


I just thinking that risk and returns is 1 thing we trader need to plan to have consistent winning. As what I refer to was because he mention he have <1% drawdown on "ALL market secenario" which I think he could just 5-10 times his drawdown to make 5-10 times more returns.

a 5-10% drawdown on $10m account, but if he make 10-20% with 1% drawdown, a 5-10 times returns will be 100-200% which he could make profit of 10-20m in a year, with just 5-10% drawdown, thats pretty good also.

Anything above 20% drawdown in all market scenario could consider risky.

Inserted Video
Trading is something special.
  • #25
  • Oct 20, 2013 8:33am Oct 20, 2013 8:33am
Quoting baokydev
... with just 5-10% drawdown, thats pretty good also.
Would you accept a 1M$ drawdown while your safe plan is to just have 100k ?

Anyway, the answer isn't ours ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #26
  • Oct 20, 2013 8:38am Oct 20, 2013 8:38am
Quoting FerruFx
{quote} Would you accept a 1M$ drawdown while your safe plan is to just have 100k ? Anyway, the answer isn't ours ...
If my plan was just to make 100k, I would not take 1m Drawdown


Base on my understanding on the 1% drawdown scenario, he could make 10-20% returns.

Means he is only risking 100k to make 1-2m in a year

I was thinking if he could risk 500k to make 5-10m , it will be good since his fire power / holding power is 10m

500k loss / 10m equity drawdown to make 5-10m in a year is consider quite okay
Trading is something special.
  • #27
  • Oct 20, 2013 10:11am Oct 20, 2013 10:11am
Quoting baokydev
Thats pretty low risk, I am sure my self-coded EA can fetch 10-20% with 1% draw down if I really targetting 10 to 20% a year. But if I targetting 10-20% a month, my drawdown probably 5% or lower. But its a good thing that you have an EA that you working on for 2 years. I don't expect EA to turn me into a millionaire with 1 thousand dollar.
of course risk can be set as desired

but the purpose of this ea is "set and forget"

I use 1% risk because this EA runs on demo account and use trade copier to more than one live accounts (mine,friends,familly)

I constantly improving and optimizing it but imho he did not yet have enough years of live testing to risk more thant that.

depends on the capital but for me 10-20% / year gives me enough extra income with very low-risk.

if your EA can give you 10-20% / month with 5% drawdown in the long run then you can say that you find the holy grail.

Starting with a $ 1,000 account and 16%/month after 5 years of coumpounding you will be multi-millionaires ($ 7.4 million) 10 years and this is almost uncalculable.

I hope you do, but I doubt that this is really possible in the long run.

anyway good luck with your project
  • #28
  • Oct 20, 2013 10:21am Oct 20, 2013 10:21am
Quoting pcca-matrix
{quote} of course risk can be set as desired but the purpose of this ea is "set and forget" I use 1% risk because this EA runs on demo account and use trade copier to more than one live accounts (mine,friends,familly) I constantly improving and optimizing it but imho he did not yet have enough years of live testing to risk more thant that. depends on the capital but for me 10-20% / year gives me enough extra income with very low-risk. if your EA can give you 10-20% / month with 5% drawdown in the long run then you can say that you find the holy...
Thanks for explaining and I wish you the best too.
Trading is something special.
  • #29
  • Oct 20, 2013 4:45pm Oct 20, 2013 4:45pm
Quoting pcca-matrix
... depends on the capital but for me 10-20% / year gives me enough extra income with very low-risk.


That was exactly my point.
MT4/MT5 EAs/Indicators/Alerts coder
  • #30
  • Nov 2, 2013 5:13am Nov 2, 2013 5:13am
i got a fantasy here going on , but i believe if you make a profitable EA is like coming up with an unlimited resource or a money making machine so it makes no sense really, i believe "they" will come and get you....yet.... it's not that hard to code a profitable one (not big money, but enough)

i wonder if someone actually is living off an EA..i guess we will never know...it's all rumours....Or is it than if you do the brokers send you "some guys" to take care of you and you disappear of the map. I read posts where EA were disabled and even contacted a broker about it and they said it was illegally making money...I believe illegally to them means that yuou are actually making money and they are not/
I am on a quest of making one and if you don't here again from me, well....make my name live forever!!
  • #31
  • May 3, 2014 3:38am May 3, 2014 3:38am
Hi guys

Testing my own strategy on eurusd and other pairs .I dont know if I can trust these results ?bad that i dont get history data from 2013 year
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  • #32
  • May 3, 2014 4:12am May 3, 2014 4:12am
Extracts from my earlier posts on similar issue:

***
You think that you have a successful trading strategy, but trading it manually involves fear and greed, so you fail.

I have read books and articles on Trader's Discipline as key to success in trading. But couldn't find a way to guarantee discipline better than mechanical trading through an EA.

Many would say that mechanical trading systems can NOT be profitable (on the long run).

Is this business only for people with deep pockets? so they sell at yearly high, and buy at yearly low with no stop loss, and keep position open until they get their profit targets.

I am confused.

***

I studded hundreds of trading strategies. I even made-up many on my own, and they looked very profitable at first glance. So, I put them in an EA, and they failed on the long run. Well, I was very disciplined but yet failed.

***

The only EA that worked in all market conditions and brought huge profits on the long run , required a huge starting balance (Min $100,000). It uses stop orders in a martingale fashion on a pre-defined price range.
No guts, no glory
  • #33
  • Last Post: May 3, 2014 4:19am May 3, 2014 4:19am
I can think of only 2 good purposes for using EAs :

  1. To test a strategy based on historical data
  2. To do a very specific job in live trading : like for example closing all orders once a profit target is reached.

But using EAs to implement a complete strategy is very dangerous. Because market will always create new scenarios not considered in the EA.

No guts, no glory
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