I thought it would be good to have a tool with which you would be able to transform your own trading strategies into EAs without any programming. So some time ago I with a few other traders decided to start creating a web application with which everyone would be able to create complex Expert Advisors with risk and money management without programming. We are close to finishing it, so I would like everyone here to suggest ideas on functionality which could be added now or later and this website would be even more valuable to any trader.
Do you believe in people selling systems? Why to sell a profitable system when it by itself makes you money? I think traders should automate their own strategies. That is the only way to know the drawbacks of the system and improve it when noticed.
Programming EAs can be very complicated when trying to create really dynamic system (forex market is very dynamic - systems with same set of rules eventually fail).
That is why we are creating tool to make forex EA creation process easier and faster. We will not only use it ourselves, but it will also be available to everyone. This website will be finished and launched soon. EAs will be created straight on website by selecting options from fields, lists and so on. We are trying to simplify EA creation process without loosing flexiblity and functionality.
Here is some functionality we decided to add to this tool. Every EA created on upcoming eacreator website can have the following features:
�money management: ability to set maximum percent of equity you can loose on one order. Position size will be calculated according to account balance and stop loss. Very important when dynamic stop loss is used.
�risk management: slippage, maximum spread check
�various trailing stops: simple trailing stop, trail by candle, break even
�trading only at chosen time window
�automatically stop/start EA when certain conditions happen
�flexibility: different combinations of signals used at different market conditions
�dynamic TP and SL set on position opening time, depending on market volatility or other rules
�trace levels: ability to choose how much information you want to get when EA trading.
�information messages by skype or email
�signal types: candle patterns, standard and custom indicators, breakouts.
We are committed to improve this website even when it will be already launched, so any discussions in this thread can help to develop better tool for all forex traders.
