I am looking to build an EA, a real successful one.
In another thread i've opened, the one about unpredictability of the market, we've seen how really there is this 2 groups of traders, the believers and the non believers.
Anyway, here is what we would ideally need, a trading system (rule based, indicators whatever) that:
1) With a 1:1 Risk-Reward ratio have at least 50% winning trades.
(Or with a 1:2 R-R ratio and even only 25% winning trades are ok).
(Or with a 2:1 R-R ratio and 75% winning trades).
Etc. etc.
Let's say that the 1:1 R-R and 50% wins is what a "random" system would ideally (theoretically) do.
What we want to do is have a system/rules that produce results at least as good as the random ones.
2) Should show some kind of consistency, what we want to avoid is a losing streak of 5-10 consecutive losses.
The Stoploss and TP of trades can be different (like, one trade with 10pips sl/tp, the next one with 30pips sl/tp, etc.)., they can be dynamic, or always the same, no problem.
This want to be a simple system, so the trade is opened, and is kept open untill the tp or the sl are hit. No trailing stops, no SL to BE, etc.
The moment we interfere with an opened trade, the win/loss ratio stats become useless.
So, trade opened, stay open untill tp or sl got hit.
The system can open new trades while the old ones are still open (in any direction), that is not a problem.
Also, we don't care about how many pips it make, all we care is about the number of winning trades vs the number of losing trades, as each and every trade have a sl and tp, and can have a different sl/tp size from the previous trade(s), it is possible to have for example 50 winning trades of 10pips (total 500pips) and 20 losing trades of 50 pips (1000pips loss), but we don't care about that, all we care is the number of wins vs number of lost ( 1) point) and the consistency of that ( 2) point).
One final thing, if you have a valid system (that satisfies the 2 above points) just show some statistics about it, preferably of a few years of data, anything like "i think this might work" or "looking the charts i think" etc. is not needed. The human brain is soo easy to be tricked by looking at charts, it tend to see good trades and don't see bad ones, so every indicator you put on a chart looks like giving wonderful signals, but as you do some tests you see then that such looking was a trick of your brain.
That's all, in my old days i did come across many manual "systems" (using indicators etc.) that looked promising, so probably there is some rule-based system even today that is good enough to be taken in consideration.
Now by looking to what i'm asking here (1:1 50% win rate), sounds like crap.
But i can assure you a 1:1 50% win rate system can make a 100% return on your capital each and every month, with a relatively small DD.
So if you have something, feel free to put on the table, and we can think about make an ea out of it.
In another thread i've opened, the one about unpredictability of the market, we've seen how really there is this 2 groups of traders, the believers and the non believers.
Anyway, here is what we would ideally need, a trading system (rule based, indicators whatever) that:
1) With a 1:1 Risk-Reward ratio have at least 50% winning trades.
(Or with a 1:2 R-R ratio and even only 25% winning trades are ok).
(Or with a 2:1 R-R ratio and 75% winning trades).
Etc. etc.
Let's say that the 1:1 R-R and 50% wins is what a "random" system would ideally (theoretically) do.
What we want to do is have a system/rules that produce results at least as good as the random ones.
2) Should show some kind of consistency, what we want to avoid is a losing streak of 5-10 consecutive losses.
The Stoploss and TP of trades can be different (like, one trade with 10pips sl/tp, the next one with 30pips sl/tp, etc.)., they can be dynamic, or always the same, no problem.
This want to be a simple system, so the trade is opened, and is kept open untill the tp or the sl are hit. No trailing stops, no SL to BE, etc.
The moment we interfere with an opened trade, the win/loss ratio stats become useless.
So, trade opened, stay open untill tp or sl got hit.
The system can open new trades while the old ones are still open (in any direction), that is not a problem.
Also, we don't care about how many pips it make, all we care is about the number of winning trades vs the number of losing trades, as each and every trade have a sl and tp, and can have a different sl/tp size from the previous trade(s), it is possible to have for example 50 winning trades of 10pips (total 500pips) and 20 losing trades of 50 pips (1000pips loss), but we don't care about that, all we care is the number of wins vs number of lost ( 1) point) and the consistency of that ( 2) point).
One final thing, if you have a valid system (that satisfies the 2 above points) just show some statistics about it, preferably of a few years of data, anything like "i think this might work" or "looking the charts i think" etc. is not needed. The human brain is soo easy to be tricked by looking at charts, it tend to see good trades and don't see bad ones, so every indicator you put on a chart looks like giving wonderful signals, but as you do some tests you see then that such looking was a trick of your brain.
That's all, in my old days i did come across many manual "systems" (using indicators etc.) that looked promising, so probably there is some rule-based system even today that is good enough to be taken in consideration.
Now by looking to what i'm asking here (1:1 50% win rate), sounds like crap.
But i can assure you a 1:1 50% win rate system can make a 100% return on your capital each and every month, with a relatively small DD.
So if you have something, feel free to put on the table, and we can think about make an ea out of it.
