Just wanting to know how these EA’s are made or even where to go to find more info on how to make them. You see these EA’s for sale all over the internet and people do buy them so obviuosly they are making some people money. But i don’t want to pay someone for something I could possibly learn to do myself. Where can I find info on making your own EA’s?
Try starting here.
1 other question. Would these be something that anyone would suggest using. I mean one you would create yourself. Wouldnt this be the ultimate way to stick to your system and take out some of that emotional trading. It sounds to me like if you can create one of this, that it should definetly be what you are using for trading your system. Not sure if im off base or not here.
Thanks for your reply’s.
depends on how you trade, here is a possible situation i can think of you get a signal to go long, but theres resistance 10 pips above, your EA will take the trade.
What would most humans do? wait for the resistance to be broken first and then consider taking the trade.
The typical EA wont take into account chart pattern or price. Just indicators alone. (From what i have seen)
Im sure you can think of many more examples.
In addition, if you really want your computer to control your money with an EA, at least either create your own or get a free one. There are hundreds (maybe more) in various forums for free, so don’t ever pay for one. If you can’t find one here in Babypips, try Forex Factory.
thx in2blues, yea im definetly not going to buy one b/c as you said you can find free ones. But what i really wan tto do is create my own and trade my system automatically and not someone elses. What I really want to know is where do you go to create these EA’s and do they cost moeny to create or where i could find some info on how to create them.
Thx for the reply’s
Try reading this website.
When programming the EAs it helps to have a knowledge of
programming in general.
It also helps to be able to synthesis given material.