My Spectacular Journey Towards Massive Hedge Fund Capital

The Goal
1.) Hedge Fund Investment Capital by August 2017
-- To be able to make the hedge fund lots of money as well as set up my family for the future.

The Process
1.) Create lots of EA's and have 3rd parties monitor the progress as proof for funds
2.) Figure out how to create consistency with my EA's
3.) Manage risk very very well
4.) Get my Series license so for legal purposes

Steps Taken
1.) Created EA 1 so far and am letting it run on demo for 1 month then will take it live.
-- This is to ensure glitches don't blow my account for no reason.
2.) Working on another EA based on a different core strategy.

Things learned so far
1.) Keep the EA very very very EXTREMELY SIMPLE. (This eliminates curve fitting)
2.) WRAP the EA in lots of risk management. (Risk management has nothing to do with your base strategy, this is managing trade size, managing number of lots, how big your stop is vs target, ect.)
--- Example: My EA 1 is a simple strategy with 7 types off risk management parameters around it to ensure that it makes much more than it loses and only trades on the highest probability days.
3.) Ensure you back test your EA across several years with quality data, then forward test it across several years of different quality data and ensure it works consistently on all to avoid curve fitting.

Results
1.) EA 1 - Currently up 14.2%

If that is all you have, demo accounts and back testing, then you are living in cuckoo land.

"Aim for the moon and if you miss you'll still land among the stars."

Good luck on your journey, I will be interested to see how all this pans out. I have a few EAs in testing ready for deployment so I'm in a similar boat, apart from the hedge fund goal!

Thanks for the vote of confidence John. (Sarcasm). I wish you the best in all of your future endeavors.

Thanks man, I have a friend that has been running programs for 10 years. Different platform and note forex but the formula and steps are all the same. I wish you the best of luck as well.

why demo test your EA?

Demo is not like live market execution .

Best

You demo test it to make sure there are no glitches that will blow up your account in your code. Its not to track results its just to make sure your code is solid.

Looks like EA 1 made another trade today that was in line with exceptions.
These demo trades show that the EA's functionality is working as expected and that I have worked all of the development kinks out.

It is time to take this EA on the live market.
I will be opening an account next week and taking it live, I will also switch the linked account above from a Demo to Live so that the results can be tracked.