Need EA To Take Trades...Please Help!

sorry but it seems u have not worked with indicators and backtest in detail.
when I backtest I don't only watch the result, I go deep into trade history and watch the chart again by myself, to see if the robot was correct or not, usually the robot is correct but it is the issue of lagging indicators which make it bad.
sometimes the problem is becuase mt4 is doing wrong job in demo test and static world of price.

U R right, mt4 backteast is bullshit, in fact mt4 is really bullshit.
there are many many weak points in mt4, but all brokers use it , coz they get benefit from it.
mt5 is better
dynamic trader is better
traders hideout platform is much better
jmath fx platform is also much better
ninjatrader is better than mt4

but why all brokers only use mt4 for their cutomers ?but they themself don't use it?? also big banks don't use it?!!
coz they are those who win our loss.
coz we must loose, they must win.
we are not allowed to see real valumes, we can not see anything in real market, only and only useless candles, but what is making and moving this candles has been kept hidden for us.
the real Demand and real Supply is the reason for price action(price movement), but we can not see real Demand and real Supply elements, it seems that forex is really scam(I finished my msc in agri-economic last year and I understand the chart and price and effecting factors very well!!!!)

but I repeat again:
It is 100% impossible to make longterm profitable EA's using indicators, no matter which indicator, which broker, which platform, which pair,... it is 100% impossible.
I have proofed it to myself through my experience,

it is possible to make profitable EA maybe 75-100% profitable with Fibonacci only, but , remember fibonacci is not indicator, i.e it is not human made, it exist in nature by itsels,

Last key: we can make a longterm profitable indicator+grid EA, but it is not indicator which makes profit, it is grid logic making profit
(I have removed indicators from many hedge+grid+martingale robot and they were all profitable without indicators, but whithout grid logic they were all loosing)

(the only way to agree with me is to repeat my job and experience it yourself, mind can not understand many things, it need real experience)

What are these? What are their advantages? How did you try so many platforms?


traders hideout platform
jmath fx platform
ninjatrader

There is no reliability in running a backtest other than to confirm logic. Posting backtest reports is completely fucking worthless.

Don't presume to know what it is that I do...

As for the rest of this

I'd be willing to bet that a lot of this rhetoric can be found scrawled in fecal matter on the walls at whatever institution houses your sorry ass.

I am always amused by people that claim their mad skills with programming languages and their educational backgrounds, but fail at running the most simple "Spell Check", when it comes to posting.

Fibonacci is measured in Numbers...Numbers do not exist in nature, they are man made universal units of measure, ergo, your whole theory of Markets as applied by a numeric system has nothing to do with nature at all and makes your argument a complete fail.

After this...you speak in other absolutes that are your "Opinion", not evidenced by actual fact, more so just along the lines of the rantings of said lunatic.

MT5 is better than 4?
Pshhhhhhhhhhhhhhhhhhhhhhhhhhhhh

Based on what? Your opinion...

Brokers only use Meta4 for customers but don't use it themselves?
If they don't trade, what purpose would it be to even open a terminal. This is circular logic and is irrelevant. Their job is to provide broker services.

Banks don't use Meta4?
So what? There are a lot of cost effective tools that are readily provided by outside sources that banks don't use as well. This doesn't mean they aren't beneficial, it just means that some choose other tools. Do all of the bank employees have to use the shitter at the McDonald's across the road before you deem it acceptable to run in, if you get caught short?

The Market is not STATIC!!

IF it was static, you wouldn't need automation, wouldn't need a grid, and wouldn't need a measure of market in fibonacci...you could just keep setting the same pending orders and wait for profit to roll in...this fucker is as DYNAMIC as it gets.

LEARN THE DIFFERENCE!!

It is not impossible to make continued gains off of using an indicator base, you have just failed at finding or lending your logic to something that will consistently work.
Working with grid logic is only a single variation of possible trading strategies.

And lastly,

The only way to agree with you, is not repeating your job...it would be repeating the same trauma that your brain suffered or from taking the same meds, neither of which are of any interest to me.

Hi,

For backtesting people I have found the following article. Read it carefully:

Does Back Testing Work?

October 20, 2011 by John Ryan

I often speak with traders that want to back test their strategy and trading ideas before going live. They spend days and weeks pouring over data attempting to simulate every market condition to see how their “program” works. The goal is to find the ideal situation where a trader’s ideas compare with past market conditions to produce profitable (hypothetical) results. A considerable amount of time, effort, energy, and capital are tied into back testing-but does it work?

Before delving into back testing we must first identify how traders approach the markets. There isn’t a trader alive who isn’t searching for a new idea, indicator, or edge. The goal of any good trader is to maximize profits by assuming the least amount of risk and minimizing losses. To accomplish this, traders are constantly refining their ideas, studying charts, researching data, and searching for market inefficiencies. A logical step in this process would seem to be to back test strategies. Before risking capital, a trader wants to make sure that the strategy has worked in the past.

However, the fact is that professional traders don’t really back test. I personally know hundreds of traders from prop traders, to hedge funds, to local market makers and not a single one has spent time back testing.
Why Don’t Professionals Back Test?
It Seems Like a Good First Step.

Professional traders don’t back test their strategies because it doesn’t really tell them how their ideas perform or operate under live conditions and present market activity. What seems like a logical first step to trading is really just testing how the market traded in the past. Simply looking at a chart could tell a trader the same facts. But why doesn’t back testing tell a trader anything?

One reason why back testing doesn’t work is because market conditions constantly change. Factors that have affected the market in the past may have no relevance in present day activity. Furthermore, new conditions such as volume, interest rate, and volatility may create new inputs for a market’s behavior. For example, the S&P’s volume has skyrocketed since the 90’s, the yield curve has shifted causing the 30 year bond to lose volume, and the volatility in gold has dramatically increased over the last year. Why test a strategy on market conditions that occurred years ago? If the Chicago Bears prepared for a game against the Pittsburg Steelers by studying tapes of the 1975 team, one would question the coach’s sanity. The same can be said by testing an S&P strategy on market conditions that are 3 years old. Markets are sensitive, and the nuances are constantly changing. Why would a trader analyze conditions from the past that have no bearing on the present?

Moreover, interpreting the data is only part of the battle. Studying data doesn’t prepare a trader for the emotional and mental discipline of trading the markets. This is often the hardest aspect for traders to overcome. Back testing data does not take the mental challenges into account. Getting out of a losing trade, managing a winning trade, the self-doubt of a strategy; these are inputs that cannot be duplicated by back testing. For a trader to think that they can take emotional and mental factors out of trading is like telling someone to not be hungry. These issues are prominent, and how a trader reacts to these conditions is the difference between long term success and failure – not how their system worked ten years ago.
How Do I Approach a New Market or Trading Idea?

If back testing doesn’t work, how does a trader get comfortable with an indicator, a methodology, or a market? The answer to this isn’t as glamorous or cerebral as one would think. My advice to traders is to use a couple indicators that they are comfortable with, have confidence in them, and stay calm. Trading is far more mental and emotional than technical. The technical aspect of trading is the easy part, staying mentally strong is the challenging part. The indicators are simply ideas that a trader interprets to assist in trade entry and exit. Paper trading present market conditions can help a trader get comfortable with the market or idea, but only live trading can create the true atmosphere taking all market aspects into account.

Whether you’re trading the mini S&P, gold or cattle, indicators are all the same. Once money is involved, moving from simply studying the markets to controlling emotions is vital. No amount of back testing can prepare a trader for the challenges of live market events. The indicators that a trader employs are only as good as the trader that uses them. However, indicators are not the magic formula; they are only one part of a bigger picture. Trusting the tools that you have and maintaining your discipline is the most important part of trading. While the professionals realize that market analysis is important, being mentally present and emotionally strong is the key to making good trades.

Many books and market educators discuss their methodology or system simply because it sells. It’s easier to back test a methodology than to work on the psychological aspects of trading. Few people want to hear that there isn’t a shiny object or a magic formula that will lead to profits. Most traders feel that if they only change a few indicators and run a couple more tests, then they will find the right combination to success. This leads a trader to buy the newest program or back test the latest indicator. However, if a trader only spent that time concentrating on the indicators they already have and psychologically preparing to trade, they could save a lot of time and be better prepared to trade the markets. Unfortunately, this is just too simple for many to comprehend. But often times, the simple way is the better way.

Who would have thought that having a simple EA created would have started a war...lol

Thanks again Gumrai for helping me out.

good day....please Pippington how does this EA or indicator works....
Thanks for sharing....

please let us know how this work....
whats the best time frame....

Hi Traders

I need some one to create custom indicator for MT4 Platform. I would be very grateful if some one help me in this regard.

Please find below the Formula to create the Custom Indicator:

To Draw Buy Level Line:

Previous Day's close - (Previous Day's High - Previous Day's Low)/3

To Draw Sell Level Line:

Previous Day's close + (Previous Day's High - Previous Day's Low)/3

To Draw Pivot Line:

(Sell Level - Buy Level) /2

If you need further details, please do contact my email: [email protected]

Thanks

Sorry for just now posting, I have been pretty busy lately. The indicator does what I need it to do but I have some filters that I think may be beneficial to have added to the EA. I'm in the process of testing out those filters and then I will see if Gumrai would be willing to add those the EA that he has created for me.

If you are using the EA or want to and come across some ideas that you think would be beneficial, please share.