EA expert advisor for MT4 and MT5

EA expert advisor for MT4 and MT5

Don’t throw the baby out with the bath water just yet.

Expert Advisor Generator
forexeadvisor.com Online generator for forex trading expert advisor systems compatible with all forex brokers offering the MetaTrader 4 ( MT4 ) trading platform. Mq4 builder


fxDreema Expert Advisor Builder
https://fxDreema.com/examples


Introducing our new MQL5 Expert Advisor builder, EA Tree Version 1.0
New EATree Demo version allows saving the EA (limited to MA and MACD indicators) - 2012



5 Resources for Building Forex Expert Advisors
EATree

Introducing our new MQL5 Expert Advisor builder, EA Tree Version 1.0 

DailyFX Forum
Molanis
EA Wizard
MQL5 Wizard



Fxdreema

FxDreema Demo - youtube
Expert Advisors and Automated Trading  - My First EA Build Using FXDreema 
  
Fxdreema Community - Heiken Ashi indicator
Fxdreema Community - ADDITIONS TO HEIKIN ASHI (AND HEIKIN ASHI SMOOTHED) INDICATORS

Heiken Ashi Naïve




This EA is ECN-safe. You can freely use this expert advisor with ECN (market execution) brokers as it either does not apply any stop-loss and take-profit levels in its trading orders or sends only pending orders.



I would never buy an EA based upon 4 years of backtesting alone. There must be live data to support the backtests and reasoning behind why it doesn't work in the past. (Be it martingale, trend vs range, etc etc).





http://aostrading.cz

EA - strategy using real market data
How to Test a Trading Robot Before Buying
Why difference between Strategy Tester and live EA
Strategy Tester to check the robot before real trading








1 Advanced Guide To MetaTrader 4 - Introduction
2 Advanced Guide To MetaTrader 4 - Automated Trading
3 Advanced Guide To MetaTrader 4 - Expert Advisors
4 Advanced Guide To MetaTrader 4 - Custom Indicators
5 Advanced Guide To MetaTrader 4 - Scripts
6 Advanced Guide To MetaTrader 4 - Strategy Testing And Optimization


Equity curve
A graphical representation of the change in value of a trading account over a time period. An equity curve with a consistently positive slope would generally indicate that the trading strategies of the account are profitable, while a negative slope would indicate that the account is in the red.  
Equity Curve Definition | Investopedia

EquityCurveSimulator

Trading The Equity Curve



I Am Losing Money in Forex Market and So Should You

Creating A Trending Or Ranging Expert Advisor… Not Both

How to determine a ranging market (for EA, indicators)

How to identify ranging markets in our EA?

Strategy Testing - Algorithmic Trading, Trading Robots - MetaTrader 5

Basics of Algorithmic Trading: Concepts and Examples 

How to Create an Expert Advisor for a SuperTrend Trading Strategy

5 Rules For Picking Great Day Trade Entries




11 Tips for improving the performance of your Expert Advisor (EA)

01. Identify the Market Conditions
02. Have an exit plan
03. Use Non-correlated EAs
04. Allocate more funds to high-performing EA’s and less to lower performing EA’s
05. Trade less when in a drawdown.
06. Reduce costs by trading on a low spread account
07. Minimize your MT4 workspace
08. Decrease latency with a co-located VPS
09. Know your MAE and MFE
10. Back-test your strategy using live data
11. Use a scale-in position sizing algorithm


Advanced Topics in Algorithmic Trading


EA that can trade through all market conditions


What is your best chop indicator to keep you out of choppy markets?
Choppy Market Index — indicator of market volatility




low range ,
low volatility ,
big range big volatility ,
massive moves ,
weeks of ranging

Rupee derivatives jump 50 percent
Average daily turnover soars in June as volatility against dollar increases




EA Builder - Metatrader Programmers
http://fxeabuilder.com



http://www.forexreport.com/technology/


krisz

EA survive 13 years backtest vs. EA works on current market (last 4 years)

Jul 31, 2013, 02:46 PM

Hi All,

I'm curious about your opinions.
Which EA would you prefer (buy it and use it), that survives 13 years backtest, or which would not survive 13 years, but works on todays market (i.e. last 4 years).
There are some EAs which look good in 13 years BT, but doesn't work in real life.




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jeuro

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Re: EA survive 13 years backtest vs. EA works on current market (last 4 years)

#4

Jul 31, 2013, 05:25 PM Last Edit: Jul 31, 2013, 05:33 PM by jeuro

The answer is simple. I would take the EA with 13 years of good back test. (Thinking backtest included up to today).
Buy I am expert/professional in Back test... so the BT would need to qualify to what I know.

1. The strategy should be mathematical and not based in any indicators. Indicators based logics EAs are "ALL" Curve fitted  to the past data. Therefore the logic will not work in the future, as the prices will never be the same.

2. The BT should done with tick data, preferably in non-mt4 tester/platform. Also no gaps in the data, nor spikes taken out of it, etc. .  (well practiced by EA sellers)

3. The strategy should use no less then 25 pips of TP or SL, or work by global closings. 

4.  One setting for all years tested.

5.  Test should include at  least 2 different "start" dates per year.. for example .. runs once from Jan to dec... and another from july to july, etc.

6. All time Max DD never higher then twice the average of monthly profit. For example, if the EA pulls average of 5% per month average in the 13 years .. max DD should never be more then 10% in the 13 years.

7. Backtest done with fixed lot for all 13 years ( no money management increases)

8. 1% per month deducted from monthly average results.  Example.. if average is 5% per month, I deduct
1% for slippage, higher spreads etc. Is never that much but being conservative. 

For me ..  all the above means the EA has survived.

With a few idea of the strategy logic  itself and tested under above conditions... no problem trusting the code.
( after reviewing the code itself for standard safety features to auto trading.. like self  starting if mt4 goes down, internet/vps disconnections, etc, etc.)

J.




visual backtest of 1-2 years  would tell you 1000 times more about the strategy/tradng style than any 13 years test can ever do..... just run the toughest period the ea faced and sit thru the visual test... it helps see losses being made and recoveries happen... our brain also associates price action and market conditions to losses and dd periods... we will start seeing price curve to understand and decide when to stop or start a ea... rather than make the desicion based on ea's equity curve.... just my 2 cents again

mikepipmaker

A backtest is a tool used by EA developers to check their trading logic operates correctly. It cannot tell you anything about the future performance of an EA.

euclid



www.myfxbook.com/members/remora_ea/remora-ea/758976



EA's (automated systems), and associated items (VPS, support/questions)




Math
Mathematical Trading System - http://forums.babypips.com/free-forex-trading-systems

algorithmic trading

Scientific Trading Seminars at LUM University, Italy

We are excited to announce a new significant educational event which will help to bridge the knowledge gap between theoretical analysis and real-world investment activities.

This November, Orbex will conduct Scientific Trading Seminars at LUM Jean Monnet University, Italy.

For two days we will be talking about Forex industry and explain the market mechanisms in detail. To push the seminar agenda even further, Kenny Simon, a renowned specialist in Geometric Trading and Geopolitical analysis, will present his own trading methodology.

http://fxgeometry.com


Gold & Geopolitics: Geometric Trading Alignments

In anticipation of the US Presidential Elections, rumours about the upcoming crash of the US dollar are in the market air. How these talks and other events from the recent economic agenda will impact the gold prices?

Fundamental Analysis - orbex.com



Common Types of Trading Algorithms


8 Types of Algorithmic Forex Strategies


The difference between automated, algorithmic and high-frequency trading

Trading Intraday Forex Seasonality Patterns - Why and How?

Forex Strategy Corner: Using Seasonality Strategies in Your Trading



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MyFxbook - trading systems - community forum

www.myfxbook.com/community/trading-systems/4,1