Topic: No EAs sadly. Just good Info. Coders please read
I am not in any way shape or form able to code an EA, and I applaud all of you who can, despite it being profitable or not. I am in the process of learning though, because I'd like to think my trade strategies are consistently profitable, and adaptable to all changes in the forex market. I'd love to see more EA's shared and coded based on risk reward ratios of 1:2 or higher, more EAs usings momentum on breakouts with stops below breakout bars..especially on the 1hour + TF. I am thankful for all the shares of 1/5 min scalping EAs, Grid EAs, even martingales..(makes for a good time killing in backtest seeing how long I can make one last before an equity stop out). I'd like to see some EAs that are based on 3 daily support/resistance levels (based on a good indicator like Auto Pivot etc, whatever you prefer.) But most importantly..scalping eas on low TF are extremely difficult to use on a live account with solid results. There is so many variables, brokers, slippage, spread, you name it. EAs with a solid foundation, at least to be shared to the community, should be less broker/condition specific, and ALWAYS use STOPS. Any time a new grid/martingale is introduced, we might as well title it as.."a ticking time bomb that lasts just a little long than the last one!" 3 EA's that Id like to bring to light as ones with reall potential include Momentum based EAs, KeltnerPro style (momentum related) and things like Forex Earth Robot (kind of griddy, based AGAIN on momentum and uses stops to some extend. Please share if you've got them! thanks! I cannot code, but with the code included, I am able to alter it well enough to maybe help tweak its results to better suit a live account. LAST THING...PLEASEEEEE keep in mind..I use Tick Data Suite as a backtesting agent at 99.9% quality. If you do not have this software..so be it..they offer a 15 day trial though.. What i need to get across here is that I can take a 90% quality backtest EA that just rakes in profit, and then plug it in to 99.9% test through TDS and watch it just hit the floor and slaughter an account. So backtests using TICK data only at high % quality are preferred. Thanks for enduring my rants and I am very thankful for everyone's posts!
Re: No EAs sadly. Just good Info. Coders please read
Those are many requierements, eelhart! Did you try google with those keywords? Tried out Tick Data Suite as well, loved it, but its pretty expensive, though.
Any luck with your desire EA?
What about altering an existing EA so that it fits your needs?
So far, Forex Earth Robot show promise...as well as Momentum based EAs. just got a new PC today that is high performance so I will get to work on much more effective backtests and see what I can come up with.
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