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Thread: Just some thoughts...

  1. #1
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    Default Just some thoughts...

    I'm new to all of this but is it really that hard to make a good EA?

    I mean have an EA that if it guesses the trend wrong close out for a loss with a stop order or trailing stop. When it first opens a position have a higher stop, then as it keeps going up or down whichever the position is, make the stop loss tighten up to lock in profits.

    And if it guesses the position wrong close it out right away for a minimum loss, and make it only trade if it guesses right.

    Is it this complicated to make it trade like a person is manually?
    I mean ride the trend, if it goes against the trend close it out and take a small loss.

    Also, auto-update settings everyday or every month, i mean when people use this EA or other indicators, they adjust them based on certain values in the market, ex: volume, ma, price movement is x so this setting should be x.

    Can't that be programmed into it?
    I'm not talking about designing a holy grail with 100% return a month, just something that can make a decent ROR over many years, without wiping out your account on 1 trade.

    Is this too farfetched or really complicated to do?

  2. #2
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    Quote Originally Posted by gselsidi View Post
    I'm new to all of this but is it really that hard to make a good EA?

    I mean have an EA that if it guesses the trend wrong close out for a loss with a stop order or trailing stop. When it first opens a position have a higher stop, then as it keeps going up or down whichever the position is, make the stop loss tighten up to lock in profits.

    And if it guesses the position wrong close it out right away for a minimum loss, and make it only trade if it guesses right.

    Is it this complicated to make it trade like a person is manually?
    I mean ride the trend, if it goes against the trend close it out and take a small loss.

    Also, auto-update settings everyday or every month, i mean when people use this EA or other indicators, they adjust them based on certain values in the market, ex: volume, ma, price movement is x so this setting should be x.

    Can't that be programmed into it?
    I'm not talking about designing a holy grail with 100% return a month, just something that can make a decent ROR over many years, without wiping out your account on 1 trade.

    Is this too farfetched or really complicated to do?
    No its not.
    If you have a sucessfull manual system, there are 4 ways to become the EA.

    1) learning the metatrader script language - preffered, because you know at every trade what your EA is doing
    2) rent a coder - the easy way
    3) subscribe to forex forums, normally each have a programming discussion section and some people would help you (you can combine 1+3 of course)
    4) you buy an EA - not so good, because you get only the compiled version and you don't know what are the EA is doing in the background

    my 2c

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    Quote Originally Posted by ixbone View Post
    No its not.
    If you have a sucessfull manual system, there are 4 ways to become the EA.

    1) learning the metatrader script language - preffered, because you know at every trade what your EA is doing
    2) rent a coder - the easy way
    3) subscribe to forex forums, normally each have a programming discussion section and some people would help you (you can combine 1+3 of course)
    4) you buy an EA - not so good, because you get only the compiled version and you don't know what are the EA is doing in the background

    my 2c
    thanks for your reply bone, it's just i looked at all the free ea's and all the commercial ea's and they all start seeing losses after a few months or some even weeks, if it isn't this hard to make one, why hasn't any1 made one that can provide something consistent and worthwhile?

    I guess if its working really well they dont want to share lol

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    Quote Originally Posted by gselsidi View Post
    thanks for your reply bone, it's just i looked at all the free ea's and all the commercial ea's and they all start seeing losses after a few months or some even weeks, if it isn't this hard to make one, why hasn't any1 made one that can provide something consistent and worthwhile?

    I guess if its working really well they dont want to share lol
    this is not right, i know 3 ea's which earns steady profits month by month, but you have to sign a non-disclose contract, or order an managed account.

    personal i dont use foreign ea's, because i want always knowing whats going on, they give you only the *.exe or the investor pw.

    so, i use my own coded ea on 2 live accounts, which is also only on managed accounts available.

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    Quote Originally Posted by ixbone View Post
    this is not right, i know 3 ea's which earns steady profits month by month, but you have to sign a non-disclose contract, or order an managed account.

    personal i dont use foreign ea's, because i want always knowing whats going on, they give you only the *.exe or the investor pw.

    so, i use my own coded ea on 2 live accounts, which is also only on managed accounts available.
    can you please give me the names, and also how long have you been using them for? and what returns a month have u been getting?

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    Quote Originally Posted by gselsidi View Post
    can you please give me the names, and also how long have you been using them for? and what returns a month have u been getting?
    sorry? i dont trade with foregin eas, i trade my own on live accounts, my eas are not public, or stats, or noted elsewhere, my eas are self coded (based on 15 years trading skills (futures&options mostly)) - as further, your monthly profit depends always on your account size and risk! regardless which ea you trade

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100, forex, free, free ea, indicators, live, managed, managed account, managed accounts, manual, metatrader, profit, programming, stop, system, trading, trailing, trend

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