I want to Develop my own EA, but have no coding knowledge | Forex Factory

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I want to Develop my own EA, but have no coding knowledge

  • #1
  • First Post: May 19, 2014 4:28pm May 19, 2014 4:28pm
I have no knowledge of programming language.
And i have developed trading system over the course of my learning years , which i believe might have an edge . I am ready to pay whatever money it takes to develop the code.

But my dilemma is that i don't want to expose my edge to anyone , that including coders too...

I would welcome suggestions from anyone including coders or traders who have developed EA's for the ways to overcome this problem.

And yes i don't want to learn programming language.
  • #2
  • May 19, 2014 7:08pm May 19, 2014 7:08pm
If you don't want to learn coding, you will have to expose your strategy to at least 1 coder ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • May 19, 2014 8:13pm May 19, 2014 8:13pm
This is so hilarious...

#1 Solution: Go Learn coding


#2 Solution: Go learn how to "combine piece of code together" . Example: You pay coder A to code the head and arm, You pay coder B to code the body and leg
Then YOU copy both code and paste together as 1 code... and no one have the edge but you...
  • #4
  • May 19, 2014 8:42pm May 19, 2014 8:42pm
Quoting victor_ray
This is so hilarious... #1 Solution: Go Learn coding #2 Solution: Go learn how to "combine piece of code together" . Example: You pay coder A to code the head and arm, You pay coder B to code the body and leg Then YOU copy both code and paste together as 1 code... and no one have the edge but you...
Even solution #2 will have to learn coding. Combine 2 piece of codes isn't just copy and past. There will be some kind of adaptation for the different parts to work together.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5
  • May 19, 2014 8:46pm May 19, 2014 8:46pm
Quoting ronaleo10
I would welcome suggestions from anyone including coders or traders who have developed EA's for the ways to overcome this problem.
Chances are, your idea as to how something should work and how it will work are going to be 2 very different things....

Meaning, that it really won't matter if you expose your Edge, because by the time it gets translated into code and your idea of triggering will turn out to be a lot less powerful than you expected...

As an Amateur coder and one hell of a good trader, I can tell you that it takes at least a basic understanding of code before you should even bother. Otherwise, your ideas are going to cost you money and so will every change you implement.

And really, on the edge thing dude??

Here is what me and a few friends put together for a group of like minded for FREE and share openly.

Attached Image(s) (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6
  • May 19, 2014 8:50pm May 19, 2014 8:50pm
Quoting victor_ray
This is so hilarious... #1 Solution: Go Learn coding #2 Solution: Go learn how to "combine piece of code together" . Example: You pay coder A to code the head and arm, You pay coder B to code the body and leg Then YOU copy both code and paste together as 1 code... and no one have the edge but you...

Thanks ...your idea has some content on it and my current think process is on that line only.
  • #7
  • May 19, 2014 8:58pm May 19, 2014 8:58pm
Quoting FerruFx
{quote} Even solution #2 will have to learn coding. Combine 2 piece of codes isn't just copy and past. There will be some kind of adaptation for the different parts to work together.

you being a coder i appreciate your insight on it.
I tried to learn coding , but i couldn't focus on it and its very hard to motivate my self to learn it.

Now as victor ray said i can develop different parts of the system with different coders and then i can try to join the code my self , by learning to join code ( I hope its not that hard to learn or i can take some help again )....that way my cost to build up EA might go up ...but that's not a problem for me.
  • #8
  • May 19, 2014 9:03pm May 19, 2014 9:03pm
Quoting ronaleo10
{quote} i can develop different parts of the system with different coders and then i can try to join the code my self , by learning to join code
The task will be the same as coding the whole EA. You must understand the whole code in order to know if all the parts are connected correctly and work as per your rules.

You are overcomplicating things. Just ask a coder to sign a NDA ... That's common practice if you want to keep your rules confidential.
MT4/MT5 EAs/Indicators/Alerts coder
  • #9
  • May 19, 2014 9:06pm May 19, 2014 9:06pm
I know not everyone is born a coder, nor a doctor, nor a car mechanic...

That's why we have money.... to buy service that you "don't or can never do"

I'll give you two choice it's not hard.

You are not going to coding that's a guarantee because I am pretty sure your system is not simple. You need to be an A++++ Coder to code the holigrail which I am going to assume you have in your hand. 4 Year learning computer programing is what require to code your holigrail.

So now let's get on with the choice...

Choice #1: You pay the coder NOW and you get rich in 1 year? and obviously the coder get rich too...so you 2 get rich....

Choice #2: You don't reveal the code and you never learn coding. You will be poor NEXT YEAR and MANY YEAR AFTER THAT....


So decide now: You want to be poor forever? or you want to get rich in 1 year..................

Shouldn't be hard when "you are willing to pay any money to code the holigrail" .....
  • #10
  • May 19, 2014 9:19pm May 19, 2014 9:19pm
Way to try to keep his dream alive, Victor...

I will tell you what will actually happen...

He will pay 1 coder for part
He will pay another coder for the other part
He will try to assemble them and fail
He will pay more to try have them combined only to have to pay for a full re-write
Then, it will not work, he will spend 6 months and ungawdly amounts of cash for it to never work properly...
After that, he will gain an understanding of what I am saying to be truth...

And never thank me personally or let me know I am right...

Seriously dude...Take Ferru's advice...cripes, drop him a PM...I'm sure he'd be happy to take it on for ya with an NDA...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #11
  • May 19, 2014 9:30pm May 19, 2014 9:30pm
Quoting FerruFx
{quote} The task will be the same as coding the whole EA. You must understand the whole code in order to know if all the parts are connected correctly and work as per your rules. You are overcomplicating things. Just ask a coder to sign a NDA ... That's common practice if you want to keep your rules confidential.

I see...
Alright i am gonna think about it.
  • #12
  • May 19, 2014 9:33pm May 19, 2014 9:33pm
Yes if he pay coder 1, coder 2, and then "try to combine with his horrible coding knowledge". It will not work correct..

Then he will have to pay for a FULL rewrite. I can see that future...

That's why I just straight recommend just pay for a full write.. who care if the coder get rich..

All that matter is ..."the owner get rich now"...the coder can get rich not going to affect owner.. since 50 billion$ is more than enough for 2 people..in this world to own..
  • #13
  • May 19, 2014 9:42pm May 19, 2014 9:42pm
Quoting victor_ray
Yes if he pay coder 1, coder 2, and then "try to combine with his horrible coding knowledge". It will not work correct.. Then he will have to pay for a FULL rewrite. I can see that future... That's why I just straight recommend just pay for a full write.. who care if the coder get rich.. All that matter is ..."the owner get rich now"...the coder can get rich not going to affect owner.. since 50 billion$ is more than enough for 2 people..in this world to own..
I too agree with the path of least resistance.

Again, because I have seen this same post hundreds of times throughout various forums, I know that the end result will be the same...it won't work, like he thinks it should...

The sooner he gets there, and the more economical it is, the quicker he can move on.

There's a lot of locals that would do it for free...and a very good job of it too...but they'd want to see stats on it before even taking it on. And if he wanted full on private, would be a minimal fee.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14
  • May 19, 2014 11:10pm May 19, 2014 11:10pm
I am pretty dam sure he hasn't even play his holigrail for even a full year live....

You know I am all for the idea to bring people to reality but... something require "see it with your own eye". In his case he believe his "EA can catch all the move while he's sleeping and get in and out market fast... etc.. Until that condition is fulfill where his rule is working in forex but profit not rising..then He'll quit.

Most likely he'll never trade forex again. I am pretty sure he'll hit 10,000$ and still not win...

It's not that system doesn't follow the rule.. It's that his system IS NOT The holigrail..(oh boy sound like harsh critic without seeing his system first obviously he doesn't reveal so it's his loss).
  • #15
  • May 19, 2014 11:34pm May 19, 2014 11:34pm
Quoting victor_ray
It's that his system IS NOT The holigrail
The only holy grail in trading is yourself ... with your own skills and emotions.

BTW, thanks Magix ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #16
  • May 20, 2014 12:44am May 20, 2014 12:44am
Quoting victor_ray
I am pretty dam sure he hasn't even play his holigrail for even a full year live.... You know I am all for the idea to bring people to reality but... something require "see it with your own eye". In his case he believe his "EA can catch all the move while he's sleeping and get in and out market fast... etc.. Until that condition is fulfill where his rule is working in forex but profit not rising..then He'll quit. Most likely he'll never trade forex again. I am pretty sure he'll hit 10,000$ and still not win... It's not that system doesn't follow...
I know I seem a little critical too...

I have been down this path, found others who layed the track and now see others trying to follow the same!

Having a basic understanding of Code is essential for anybody to relay an idea effectively and to gain a full understanding of how these work.

I am 100% for taking a strategy and automating it and running it forward. It takes no energy to do this and you get to see where you can improve or if the idea is even viable.

I've probably written some 300-400 of these based on different time frames, trade logics and ideas...most of them are complete junk!

The few gems that have made the test of time, are ones that I have been able to improve and adapt into others...

Be it working live manually or having the Autos kicking the trades, there is more to this game than just an idea and a bank roll...takes a lot of time.

I've been at this for a couple years now and have found a few friends that can help my ideas turn into realities and even these are still works in progress. They pay while we play and each improvement either offers a little more prosperity or a little less draw...but I am not under the illusion that there will ever be perfection, just a lot better than where I started.

Quoting FerruFx
{quote} The only holy grail in trading is yourself ... with your own skills and emotions. BTW, thanks Magix ...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #17
  • May 20, 2014 1:54am May 20, 2014 1:54am
Hi Ronaleo,

As a coder, I can tell you that it's sometimes a daunting task to understand the idea that has to be translated into code.

Very often, no clear rules or changing rules, no requirements, then rules are a bit changed, improved because the original ones don't produce the expected results and so on and this requires coding, testing, coding and coding again and testing again... you see the point.

I can tell you it's already complicated with one programmer, so imagine with two or more !

Also, Magix and FerruFx already gave you the best advice. Trust me, you should listen to them!
Simplicity is the Ultimate Sophistication.
  • #18
  • May 20, 2014 2:00am May 20, 2014 2:00am
Quoting ronaleo10
I have no knowledge of programming language. And i have developed trading system over the course of my learning years , which i believe might have an edge . I am ready to pay whatever money it takes to develop the code. But my dilemma is that i don't want to expose my edge to anyone , that including coders too... I would welcome suggestions from anyone including coders or traders who have developed EA's for the ways to overcome this problem. And yes i don't want to learn programming language.
sorry, but this sounds like "I want to take a shower but I do not want to become wet." or "Dentist, please draw my broken tooth, but I do not want to open my mouth" ...
PM me with coding requests and I'll probably put you on my ignore list
  • #19
  • May 20, 2014 2:10am May 20, 2014 2:10am
Lol.. you guys are being too judgmental...


Lets no get carried away in to the discussion , whether i have holy-grail or not or my ability to trade successfully.
Being open minded i know that only way to survive in market or in general in life is to evolve and adapt constantly.

Now my objective of creating EA is ...
My set up has predefined rules ,consists of 3 parts 1- Bias 2 - Entry logic 3- Exit logic
but it occurs very sparsely throughout day . Due to my personality i am unable to camp my computer all the time , which makes me miss my entries.

System is doing ok so far...but the sole reason to create EA or Sound alert or other kind of alert is to increase efficiency of my trading without spending too much time on computer. Now i know that my ideas might evolve and so the need for updating my EA's which i am ready if i am progressing constantly.

I also once used to believe that creating successfully trading EA's are impossible but after becoming student of the market for last 3 years , i came to realize that my that belief was wrong.
so i am certainly not the new kids around the blocks who comes seeking for holy grail EA's now and than.

So many traders here after many years have created their own system or edge and they wouldn't want to reveal it.
I am just trying to find a middle ground where i get my EA and Mental security , Coders gets his money for doing his job and we are both happy.

Is it asking for too much ?
  • #20
  • May 20, 2014 2:41am May 20, 2014 2:41am
Quoting ronaleo10
I am just trying to find a middle ground where i get my EA and Mental security , Coders gets his money for doing his job and we are both happy. Is it asking for too much ?
If you pay coders to do that job you have to reveal your strategy.

EA-builders may not satisfy you, so you would have to learn to code.
PM me with coding requests and I'll probably put you on my ignore list
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