Hi,
I'm BrokeTrader and this is my EA journal.
A part from the fact that I am, by far, a better programmer than a trader, I have a full time job and (un)fortunately so, I have no time to trade live.
That's what motivated me to learn MQL and to spend great effort and time in developing this EA.
As a trader, I went through all the phases I think any trader has to go. The luck of the starter, the greed of the dreamer, the fear of the loser and the desperation when seeing one account blown after another. These years were sometimes funny and sometimes depressing but at the end I learned one thing about myself and it's this: I am not reliable as a trader, period. So better spend my time to write some code to trade for me and eventually enjoy the performance if any. And that's my current status.
After several failed tentatives in trying to write a profitable EA, I finally came with this latest one which is as of today my best piece of code in automated trading. It still has to prove that it's durable and profitable.
The EA is a mix of initially three algorithms which, after post 42, were then expanded to eight and again later were expanded to twelve !
Twelve different algorithms generating twelve different and often contradictory signals to trade. Each signal algorithm being then connected to a separate or common trading algorithm that handles the signals to enter and exit trades according to specific rules.
If you want to know a bit more about my programming techniques and on how is this doable, don't hesitate to have a look at this thread.
As for the money/recovery management, I'm exploring a special approach of the martingale logic which I think has some edge, but I agree, the martingale thing is a wild horse difficult to tame. I think I did it to a certain degree, but only time will tell.
I consider this as an ongoing live test. And so, a considerable amount of time, several months and years, will be necessary to assert the success or failure of this venture. For this, I have created a special calendar as shown below.
Each box of the second line represents a month of trading. I have arbitrarily specified different stages that go from luck to safety. At the same time, more than at least one thousand of trades are also necessary to validate each stage but that should not be a problem given the number of signals that the EA provides on a daily basis.
All the steps and stages will be recorded here for further post-mortem study, either in case of failure or success.
BrokeTrader.
I'm BrokeTrader and this is my EA journal.
A part from the fact that I am, by far, a better programmer than a trader, I have a full time job and (un)fortunately so, I have no time to trade live.
That's what motivated me to learn MQL and to spend great effort and time in developing this EA.
As a trader, I went through all the phases I think any trader has to go. The luck of the starter, the greed of the dreamer, the fear of the loser and the desperation when seeing one account blown after another. These years were sometimes funny and sometimes depressing but at the end I learned one thing about myself and it's this: I am not reliable as a trader, period. So better spend my time to write some code to trade for me and eventually enjoy the performance if any. And that's my current status.
After several failed tentatives in trying to write a profitable EA, I finally came with this latest one which is as of today my best piece of code in automated trading. It still has to prove that it's durable and profitable.
The EA is a mix of initially three algorithms which, after post 42, were then expanded to eight and again later were expanded to twelve !
Twelve different algorithms generating twelve different and often contradictory signals to trade. Each signal algorithm being then connected to a separate or common trading algorithm that handles the signals to enter and exit trades according to specific rules.
If you want to know a bit more about my programming techniques and on how is this doable, don't hesitate to have a look at this thread.
As for the money/recovery management, I'm exploring a special approach of the martingale logic which I think has some edge, but I agree, the martingale thing is a wild horse difficult to tame. I think I did it to a certain degree, but only time will tell.
I consider this as an ongoing live test. And so, a considerable amount of time, several months and years, will be necessary to assert the success or failure of this venture. For this, I have created a special calendar as shown below.
Each box of the second line represents a month of trading. I have arbitrarily specified different stages that go from luck to safety. At the same time, more than at least one thousand of trades are also necessary to validate each stage but that should not be a problem given the number of signals that the EA provides on a daily basis.
All the steps and stages will be recorded here for further post-mortem study, either in case of failure or success.
BrokeTrader.
Simplicity is the Ultimate Sophistication.