These are just personal notes and summaries after a long adventure on ForexFactory
Thank you to all of you
After struggling for several years to build my own EA, finally an EA was also achieved that met expectations
Following the trend on the M15, combining several concepts that I know, ignoring the existing standard
Crucial points that contradict much popular opinion:
1. Candle 0 and 1 in EA have the same characteristics
there is a lot of theory and general opinion that open EA orders should be done if there is a cross on candle 1 and open on candle 0
from the start I thought that candles 0 and 1 have the same characteristics that they will always follow the price
in practice it is safer to open on candle 0 after there is a cross on candle 1, but the fact is that you often miss valuable moments
meanwhile, if the open order is at candle 0 (when there is a cross) it also often opens - closes erratically
But with the right algorithm, opening orders on candle 0 (when there is a cross) is much more profitable
2. Ignore Draw Down
It's not wrong that draw down is a reference for many people
But if you build your own EA, ignore whatever draw downs appear, focus on getting profits and how to stop trading through EA, today, can be through targets, TP etc.
From my experience building EA, high drawdowns only appear a few times, and are not denied until Call Margin
Never give up, as long as you keep making improvements, every problem that arises will find a way for improvement
3.Ignore the accuracy of the strategy tester
in some EA Scalping types it may indeed require high accuracy of the tester's strategy, but from my experience building Trend Following EA and M15 and above, what needs to be considered is whether the EA really opens and closes according to the existing algorithm
4. Many traders want to test EA even though it can only be on a Demo account, many more hope that EA is free and many EA developers don't want to share EA / his secrets
and the fact is that any EA with any security can be decompiled (even if it uses a dll file)
In conclusion, you have to be able to build your own system if you want to be successful in Forex
If you want to try my EA experience, you can send your trading account, with a balance of 10,000 (Demo / Live),
Direct message to my FF email inbox
I will install your account on my VPS
Thank you to all of you
After struggling for several years to build my own EA, finally an EA was also achieved that met expectations
Following the trend on the M15, combining several concepts that I know, ignoring the existing standard
Crucial points that contradict much popular opinion:
1. Candle 0 and 1 in EA have the same characteristics
there is a lot of theory and general opinion that open EA orders should be done if there is a cross on candle 1 and open on candle 0
from the start I thought that candles 0 and 1 have the same characteristics that they will always follow the price
in practice it is safer to open on candle 0 after there is a cross on candle 1, but the fact is that you often miss valuable moments
meanwhile, if the open order is at candle 0 (when there is a cross) it also often opens - closes erratically
But with the right algorithm, opening orders on candle 0 (when there is a cross) is much more profitable
2. Ignore Draw Down
It's not wrong that draw down is a reference for many people
But if you build your own EA, ignore whatever draw downs appear, focus on getting profits and how to stop trading through EA, today, can be through targets, TP etc.
From my experience building EA, high drawdowns only appear a few times, and are not denied until Call Margin
Never give up, as long as you keep making improvements, every problem that arises will find a way for improvement
3.Ignore the accuracy of the strategy tester
in some EA Scalping types it may indeed require high accuracy of the tester's strategy, but from my experience building Trend Following EA and M15 and above, what needs to be considered is whether the EA really opens and closes according to the existing algorithm
4. Many traders want to test EA even though it can only be on a Demo account, many more hope that EA is free and many EA developers don't want to share EA / his secrets
and the fact is that any EA with any security can be decompiled (even if it uses a dll file)
In conclusion, you have to be able to build your own system if you want to be successful in Forex
If you want to try my EA experience, you can send your trading account, with a balance of 10,000 (Demo / Live),
Direct message to my FF email inbox
I will install your account on my VPS