My Friend & Neighborwith many years of trading experience has extensively back tested a number ofEAs with none being profitable in anything other than short term.
The Robots he has testedinclude: FAPTURBO, MEGADROID, LEO TRADER, WALL STREET, & FOREX INCOMEENGINE 2 ( only IGNITER SYSTEM sofar) USING THE VISUAL TRADER STUDIO PROEDITION TO CREATE THIS EA.
NONE OF THESE ARE MAKINGMONEY
I HAVE NUMEROUSQUESTIONS. COULD YOU POINT ME IN THE RIGHT DIRECTION AS TO WHERE TO SEEKANSWERS FOR EACH?
QUESTIONS:
- ARE THERE ANY FORUMSTHAT HAVE ADDRESSED THE EFFICACY OF
EACH OF THESE EAs? WHATABOUT ADDRESSING WHERE THE EA IS
EFFECTIVE & WHERE ITIS NOT EFFECTIVE? - LEO TRADER ISSUPPOSED TO BE DEVELOPED USING NEURAL NETS.
BY DEFINITION, THISMEANS IT IS SUPPOSED TO LEARN FROM
MISTAKES & PASTPERFORMANCE. BACK TESTING HAS NOT
SUPPORTED THIS. BUT THENAGAIN, ARE THERE SPECIAL
CONSIDERATIONS REQUIREDFOR THIS TYPE OF EA? - ARE THERE ANYINDICATORS OR AVAILABLE SCRIPTS OR EVEN MQL
CODE THAT CAN BE USED TODETERMINE WHEN THE MARKET IS
MOVING SIDEWAYS? - ARE THERE ANYINDICATORS OR AVAILABLE SCRIPTS OR EVEN MQL
CODE THAT CAN BE USED TODETERMINE WHEN THE MARKET IS
FLUCTUATING SO MUCH THATYOU SHOULD JUST STAND ASIDE?
( i.e. where many candles have very long wicks ) - HAS ANYONE POSTED ANYMQL CODE DEVELOPED USING THE
VISUAL TRADER STUDIOTHAT COULD BE USEFUL TO OTHERS? IF
SO, WHERE?
THANK YOU SO MUCH FORANY AID THAT YOU CAN OFFER.
SINCERELY,
CHARLES RUZIC