Expert Advisor: Did you create your own successful EA? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

lets share / create expert advisor strategy from indicator 25 replies

How to create an indicator from an expert advisor 3 replies

How do I learn how to make my own Expert Advisor? 1 reply

Poll: Where did you find your very own system/strategy? 2 replies

Can someone create for me an easy Expert Advisor? 0 replies

Attachments: Expert Advisor: Did you create your own successful EA?
Exit Attachments

Expert Advisor: Did you create your own successful EA?

  • #21
  • Feb 27, 2014 9:20am Feb 27, 2014 9:20am
Quoting NorthShore
{quote} Not necessarily...a sound strategy (whether its used manually or in an EA) is one based on exploitable, repeatable, patterns. PA based patterns, or Indi based patterns repeat themselves in an infinite loop. Human nature/market nature create those patterns first and once you or your EA can recognize them, you can anticipate the most likely outcome of those patterns. Once you discover the perfect combo of patterns on the right timeframe, on the right currency pair, you can exploit those conditions and collect the pips that occur shortly after...
Fair enough but as often noted, unless the trader has the skill to customize the ea, the ea in question would probably go wonky in a few months down the line..
  • #22
  • Feb 27, 2014 10:45am Feb 27, 2014 10:45am
my past tells me that it is not worth it

in fact, an automatic system trading is of coz doable, and if it is profitable, it'll make a lot of money

however, 99% on this FF don't understand how much time/resource/energy/money required to attain such an auto system.

nah, nah, i dare to say all EA i've seen on FF are crap and not tradeable if your goal is long term consistent profit. why? since market keeps changing and an average Joe here on FF don't know how to maintain/adjust the EA.

and if a smart joe does know how to adjust the EA according to variable market conditions, he NEEDS to spend some time everyday doing that, yes, right, he needs to WATCH the market at least a while per day.

then all comes back to one fundamental conclusion:

are you manually profitable? if you are manually profitable, why would you go automatically? either way, you need to invest lots of resources and the latter may (usually) cost more! think again this conclusion----many ppl don't believe it.

in fact, if you are manually profitable, that's all you need. to save time? adjust your trading frequency and lot size----very simple!

EAs on internet developed by retail traders??? all crap(since they are not long term sustainable unless extensive resources invested).

and that's that.

Quoting Myrmica
Do you have an self devised EA that is working? => Not asking to make it public here, just asking out of curiosity and hopefully a confirmation that it is really possible to devise steady good EAs. Greetings, Myrmica
  • #23
  • Mar 2, 2014 6:46am Mar 2, 2014 6:46am
I had been putting off learning MQL for over a year even due to whatever allergy I had over programming. Partly because the MQL documentation does not cater to people who have zero knowledge of programming syntax, and I could not find a single newbie-friendly structured MQL4/5 course on the internet anywhere.

After watching a youtube video about a homeless guy who was offered either $100 or the knowledge to programme (guess which he took), I realised that with all my intelligence and knowledge I should be able to learn too. I came across a suggestion made on reddit about Codecadamy and started there on my quest to become a programmer. Of course Codecadamy don't have an MQL4 course, so I started to learn JavaScript since it looked a bit like MQL4. This was around middle of December 2013. After about a month, doing on average 2-3 lessons a day (each lasting 5 minutes-ish at most), and learning about if, for, while, array, bool, and even a bit of objects, I applied my knowledge to MQL4.

I completed my first working EA within two weeks of starting to programme it, and ever since I have not really touched the core execution code, but rather added bells and whistles like historical analyses. I did not even use a single while, array or bool. I pretty much learned on my own with only assistance from the MQL4 forums. It was that easy, I couldn't believe it.

If your system is simple enough, it is probaby better to code it yourself, that way you get to alter the variables that you need to, which will greatly aid the strategy tester's optimisation.
  • #24
  • Mar 24, 2014 3:04am Mar 24, 2014 3:04am
There are no successfull EA more than 2 years.
  • #25
  • Mar 24, 2014 8:49pm Mar 24, 2014 8:49pm
Quoting Miiister9
There are no successfull EA more than 2 years.
Try two months and you would be closer to reality..the fact is most if not all EAs fail after the first few weeks..very few survive past the two month stage. Unless you are a coder and a trader, you need to start running for the hills anytime someone comes knocking, praising automated trading. A few EAs do work but often the trader would have to tweak the ea on his own, recode it, enter new parameters..so unless you are a coder, it ain't worth the pain, misery and heartbreak..
  • #26
  • Edited 1:24am Mar 25, 2014 12:49am | Edited 1:24am
@Forexnuts , yes, you're right that knowing how to change/configure parameters will make EAs be more efficiency, but I doubt it will be enough just for 2 months testing time. Although I am not a professional EA programming, but I do have my own one. Base on my experience, just changing the parameters is also not able to be considering as a survival, however it's depend on what strategy the EAs using for implementation in the code, either reliable on Price Action or Indicators. So I said that there is no such EA that can be an Immortal Holy Grail, I've seen/used many EAs, and most of all giving out for a good result, but none of them can continuously survive longer than 2 years. But you can extend it by the combining talent with both strategy analysis and programming method, not just a recoding will be succeed. It's mean that you will have the EA to be updated from time to time.

I'm not saying that using EA is useless nor good/not good, but just use it wisely!

Thank you.
  • #27
  • Mar 25, 2014 2:22am Mar 25, 2014 2:22am
Quoting bentmywookie
I had been putting off learning MQL for over a year even due to whatever allergy I had over programming. Partly because the MQL documentation does not cater to people who have zero knowledge of programming syntax, and I could not find a single newbie-friendly structured MQL4/5 course on the internet anywhere. After watching a youtube video about a homeless guy who was offered either $100 or the knowledge to programme (guess which he took), I realised that with all my intelligence and knowledge I should be able to learn too. I came across a suggestion...
Inspirational!
At the end of the day, if you are running and EA that you can't tweak, you might as well expect surprise results once in while. Limited control over your trading system and over dependency on the system usually have shortcomings sooner than expected.
  • #28
  • Mar 25, 2014 9:45am Mar 25, 2014 9:45am
I created an EA by using a freelance coder based on my manual system few years back. But it didn't work well for the market conditions during that time. So I am doing manual trading again.
  • #29
  • Mar 26, 2014 3:33am Mar 26, 2014 3:33am
I am trading with several EA-s. I have modified most of them. Some of those work very well without modifications.
  • #30
  • Mar 28, 2014 1:14pm Mar 28, 2014 1:14pm
Quoting Miiister9
@Forexnuts , yes, you're right that knowing how to change/configure parameters will make EAs be more efficiency, but I doubt it will be enough just for 2 months testing time. Although I am not a professional EA programming, but I do have my own one. Base on my experience, just changing the parameters is also not able to be considering as a survival, however it's depend on what strategy the EAs using for implementation in the code, either reliable on Price Action or Indicators. So I said that there is no such EA that can be an Immortal Holy Grail,...
You're welcome..and to date, have used only three eas and while one did deliver over and above what I had expected which was more as a result of accidental tweaking on my part. it did fail in two months..hence the two month tag in my reply.
I do agree with you that strategy matters and if you do not know how to tweak the ea, well for my two cents you're better off with manual trading or hedge funds..
  • #31
  • Apr 6, 2014 4:53pm Apr 6, 2014 4:53pm
Hi mates
I am new to the experts and indicators features in the MT4
I was wondering, can someone explain to me in a brief how to use the ATR indicator?
  • #32
  • Mar 14, 2015 2:17pm Mar 14, 2015 2:17pm
Who can create EA for this indi - I think it has an great potential
Attached Image (click to enlarge)
Click to Enlarge Name: SHOT-001.png Size: 53 KB
Attached File(s)
File Type: mq4 ELabunskyVolaPresser v1.01.mq4   4 KB | 988 downloads
  • #33
  • Jul 10, 2015 3:47pm Jul 10, 2015 3:47pm
Quoting Myrmica
Hello all, after a long jouney through the universe of EAs, testing probably almost 1000 and losing money on live accounts I am finally planing to devise my own expert advisor. I will not program it myself but having it programmed. Now I'd like to know what your experiences with EAs in general and and even more interesting with self devised EAs are. Either I did not test the existing EAs properly or there is no free good working EA available. I think if there are working EAs why would the people sell them instead of earning money just with the EA...

Hello Mymica i know this is old Tread, i made an ea that its profitable.

here is the backteestick from 2003 to this day whit dukascopytickdata and im now in real account trading and its the same (exept for the spread)

i dont have much money to invest and this ea and im not that stupyd to sell this ea i have 500 dolars to start

here its also my statment unfortunately i cant leave the account to grow because i have no money to live
so i withdrawal a lot
but i just want to tell you that it can be done



Attached Image (click to enlarge)
Click to Enlarge Name: daily2013.gif Size: 10 KB

Attached Image (click to enlarge)
Click to Enlarge Name: statment.png Size: 36 KB
Best of pips for every one
  • #34
  • Jul 19, 2015 4:21am Jul 19, 2015 4:21am
Ea's can be good, they take the emotions out of trading and if you have a problem with that then a EA will be great for you, assuming your system is profitable.
I had an EA made for me before, but unfortunately it has stopped working on the new MT4 version. I only trade manual atm
Bulls are stupid Animals!especially when Im short!
  • #35
  • Jul 29, 2015 1:24pm Jul 29, 2015 1:24pm
Roughtrader do you use some scripts which helps in manual trading? In some situations in manual trading MT4 platform is not very handy.
  • #36
  • Jul 29, 2015 2:44pm Jul 29, 2015 2:44pm
Quoting charvo
99% on this FF don't understand how much time/resource/energy/money required to attain such an auto system
Not trying to rain on anyone's parade or seem negative but I agree 100% with this. I learned a while back it takes more then just technicals to be profitable. I use technicals to get an idea of where I feel the market is going to go, but I use price action and my 10+ years experience of trading to help determine if I should place a trade or stand aside. Trying to program something like that can be very, very time consuming or almost impossible.
  • #37
  • Feb 18, 2016 4:28am Feb 18, 2016 4:28am
Please I am new to EAs,I need metaEditor.exe, please I need a link where I can download it or kindly post it here. Thanks.
  • #38
  • Feb 18, 2016 8:17am Feb 18, 2016 8:17am
Quoting Myrmica
Hello all, after a long jouney through the universe of EAs, testing probably almost 1000 and losing money on live accounts I am finally planing to devise my own expert advisor. I will not program it myself but having it programmed. Now I'd like to know what your experiences with EAs in general and and even more interesting with self devised EAs are. Either I did not test the existing EAs properly or there is no free good working EA available. I think if there are working EAs why would the people sell them instead of earning money just with the EA...
Tried to create one but spent too much time finding good MT4 coder which correctly understand your needs.
  • #39
  • May 6, 2017 5:10am May 6, 2017 5:10am
Quoting olvus
Who can create EA for this indi - I think it has an great potential {image} {file}
It will kill your account in ranging market
  • #40
  • May 10, 2017 1:37pm May 10, 2017 1:37pm
ive been scalping 10-20 pips at a time but i have to be ready for the alert, and sometimes im too slow to place trades to make it worthwhile... if more than 1 alert goes off from the indicator, i miss some as i can only manage 1 at a time (slowley!)
i obviously have the indicator file and theres ifunction code ready for deveolper... can i work out how to put together? no today i managed 25 trades, 21 sucessful and 4 not. the 4 i lost was mainly bad/incorrect SL. if i was sat at the computer all day (which im not) i had around 50 alerts.... obvisouly missed a fair few.

so im all up for an EA if i could manage it... but i cant so....
0 traders viewing now