Fair enough but as often noted, unless the trader has the ability to customize the ea, the ea in query will probably go wonky in a few months down the line. .Originally Posted by ;
Fair enough but as often noted, unless the trader has the ability to customize the ea, the ea in query will probably go wonky in a few months down the line. .Originally Posted by ;
My past tells me it is not worthwhile
in fact, an automatic platform trading is made of coz doable, and if it's profitable, it is going to earn a lot of money
however, 99% on thisnigeriaforextradingdo not understand just how much time/resource/energy/money necessary to attain this kind of auto system.
Nah, nah, I dare to say all EA I have seen onnigeriaforextradingare crap and not tradeable if your goal is long term consistent profit. why? Since market keeps shing and a typical Joe here onnigeriaforextradingdo not know how to maintain/adjust the EA.
And when a wise joe does know how to adjust the EA based on variable market conditions, he wants to spend some time doing that, yes, right, he wants to see the market at the very least a while every day.
Afterward all comes back to one fundamental conclusion:
are you manually profitable? If you're manually profitable, why do you proceed automatically? In any event, you have to spend lots of resources and the latter may (usually) cost more!) Believe again this decision--many ppl do not think it.
In actuality, if you're manually profitable, that is all you want. To conserve time? Adjust your trading frequency and lot dimensions--very straightforward!
EAs on web developed by retail traders??? All crap(since they aren't long term sustainable unless extensive funds spent).
And that is that.
Originally Posted by ;
I was putting off studying MQL for over a year because of whatever allergy I'd over programming. Partly because the MQL documentation doesn't er to people who have no knowledge of programming syntax, and I could not discover one newbie-friendly structured MQL4/5 course on the world wide web anywhere.
After viewing a youtube video on a homeless guy who was offered either $100 or the understanding to programme (guess which he took), I realised that with my intelligence and understanding that I should be able to learn too. I came across a proposal made on reddit around Codecadamy and began there on my quest to become a programmer. Of course Codecadamy do not have an MQL4 course, so I began to learn JavaScript because it looked somewhat like MQL4. This was around middle of December 2013. After roughly a month, doing on average 2-3 lessons a day (each lasting 5 minutes-ish at most), and studying if, for, while, array, bool, and just a lot of items, I applied my knowledge to MQL4.
I completed my first functioning EA within two weeks of beginning to programme it, and since I have not really touched the core implementation code, but instead added bells and whistles such as historical investigations. I didn't use one while, array or bool. I pretty much learned on my own with just help from the MQL4 forums. It was that simple, I couldn't believe it.
If your system is straightforward enough, it is probaby better to code it yourself, that means you can change the variables that you need to, that will greatly help the egy tester's optimization.
Attempt two months and you'd be closer to reality..the truth is most if not all EAs fail after the initial few weeks..very few survive beyond the two month period. Unless you're a coder and a trader, you need to start running for the hills anytime somebody comes knocking, praising automated trading. A couple of EAs do work but often the trader would have to tweak the ea on his own, recode it, input new parameters..so unless you're a coder, it really ain't worth the pain, misery and heartbreak. .Originally Posted by ;
@Forexnuts , yes, you're right that knowing how to change/configure parameters will create EAs be more efficiency, but I doubt it'll be enough for 2 months testing time. Although I'm not a professional EA programming, but I do have my very own one. Base on my experience, simply changing the parameters is also not able to be contemplating as a success, however it's depend on which egy the EAs using for execution in the code, possibly reliable on Price Action or Indiors. I stated that there is not any such EA that can be a Immortal Holy Grail, I have seen/used many EAs, and most of all giving out for a good result, but none of them is able to continuously survive longer than 2 years. But you can expand it from the mixing talent with both egy analysis and programming method, not simply a recoding will be triumph. It's mean that you will have the EA to be upgraded from time to time.
I'm not saying that using EA is futile nor good/not great, but only use it wisely!
Thank you.
Inspirational!Originally Posted by ;
At the conclusion of the day, if you're running and EA that you can not tweak, then you may as well expect surprise results once in while. Restricted control over your own trading system and over dependence on the system normally have flaws sooner than anticipated.
I made an EA by utilizing a freelance coder based in my manual system few decades back. Nevertheless, it didn't work well for the market conditions during that time. So I am doing manual trading.
I'm trading with. I've modified most of these. Some of these work without alterations.
You are welcome..and up to now, have used just 3 eas and while one did deliver over and above what I had anticipated which was more as a consequence of inadvertent partitioning on my part. It did fail in just two months..hence both month label in my response.Originally Posted by ;
I do concur with you which egy matters and if you don't understand how to tweak the ea, well for my two pennies you're better off with manual trading or hedge funds. .
Hello mates
I'm new to the pros and indiors characteristics at the MT4
I was wondering, can someone describe to me in a brief how to utilize the ATR indior?