How to find profitable EA ideas?

[anon81929759]

@sivricmarijan
firstly, i dont know who you are addressing this comment to

but you don’t have to be rude

but, if it’s me
i’m not being rude
SPEECHLESS would be a better word

How was i being rude
i told you what i thought
i even refrained from saying what i really thought (and it was probably for the best)
i then gave you advice

bob then gave you advice
how are we being rude ?
I’m not being rude, I"m being straight up with you

BASED ON WHAT YOU SAID… ok

I have just finished some EA programming tutorial and would like to know where to go from here? How do you get ideas for your first EAs? If you see that EA doesn’t work do you try to optimize it or you try with another strategy?

seriously
what did you expect me to think after reading this

Now… if you asked it the wrong way… THAT’S DIFFERENT
but based on this
mate, I’m bloody speechless , obviously

it’s not rudeness.

Now moving forward…

First of all…thank you for answering

Your’e welcome

I think that you didn’t understand my question or I asked the wrong question.

perhaps… so let’s clarify it then

Please, don’t be rude. I just asked for advice and that’s it. If you don’t want to give me your advice, just leave this topic and that’s it. You don’t need to insult someone.

hehe…
Relax mate
No one is being rude… ok
can you not simply understand that WHAT YOU ASKED looks as if you were asking to be spoon fed.
you can see that … right ?

Moving forward
let me address your question. ok

While learning, I have developed 10-20 different EAs (simple ones) based on moving averages, MACD, stochastic etc. But these EAs simply don’t work.

I’m not sure are the technical indicators the right path to follow when trying to find the profitable EA. They are repainting, giving false signals, giving signals too late etc.
Should I continue using technical indciators to build my EAs or I should focus on pure price?
Is it possible that my simple EAs are already good but I need to optimize them or apply more advanced money management algorithms?

Mate, it’s always best to stay as simple as possible.
in my experience in forex, traders want simple things, they don’t really have high demands

now. if they want complexity, YOU CHARGE FOR IT, as a special service

as for this

While learning, I have developed 10-20 different EAs (simple ones) based on moving averages, MACD, stochastic etc. But these EAs simply don’t work.

Why do they not work ?
have you done debugging to find out what the problem is.

if not… do that.

Should I continue using technical indicators to build my EAs or I should focus on pure price?

Mate, they are YOU EA’S
you decide
but… if you want my opinion …
if your EA is based on someone elses EA then it relies on a POSSIBLE flawed EA
probably best to keep it to price

Is it possible that my simple EAs are already good but I need to optimize them or apply more advanced money management algorithms?

of course it’s possible
like i said
debug then and find what the issue is.

DOES THIS HELP

[sivricmarijan]

Of course this helps

I just started with some tutorials about EA optimization and I hope I will be smarter then. I don’t think I should debug my EAs because they do what I told them. I think I need to adjust some parameters or maybe add some better MM algo.

[Trendswithbenefits]

I’m not sure are the technical indicators the right path to follow when trying to find the profitable EA. They are repainting, giving false signals, giving signals too late etc.
Should I continue using technical indicators to build my EAs or I should focus on pure price (I mean candles)?
Is it possible that my simple EAs are already good but I need to optimize them or apply more advanced money management algorithms?

One of the main issues (other than the strategy logic) with coded EA’s can be the correct mix of parameters, make the period(s) short to get an earlier signal and you get too many false signals… make the period(s) longer and you tend get into the trend too late (volatile PA)

Especially with MA Crossover based strategies…Sometimes trying a mix of MATypes can give better results, such as a 34 SMA with an 8 WMA as an example…You need to find Parameters that separate both MA’s to give a clearer crossover. Longer time frames can be a way of giving clearer cross signals as well. Congestion or ranging will always defeat an MA Cross strategy, so you have allow for that manually or automated if your programing is of an advanced level

Optimization is a faster way to find more successful settings, prior to backtesting, but you have to test with tick data which gives, Open, Close, High, Low data as opposed to the usual “Close Only” feed to get an accurate simulation of the market (pair) your optimizing for.

When I first started programing Bots, I used to see all these EA’s with 20 Parameter settings and think how complicated…Now 18 months on my Bots have nearly as many parameter settings to deal with various price movement eventuations and behaviors that currencies present.

Stochastics have similar issues, the tighter the settings will give the same issues as above.

Edit: Never, ever use Repainting Indicators in an EA, you’ll have lost money before you even start…

[anon81929759]

Fair enough
sounds like a plan

when i get stuck with something while troubleshooting, i find it useful to GO BACK TO BASICS.

so re think it
adjust some parameters
test it and see the outcome
good luck with it

[une_58]

Thank you @anon81929759 for posting this here

Open/Close positions when candle closes above/below a certain level (MT4)

Hello I want to place my orders in MT4 based on the close price (in any time frame I desire such as H1, H4, D1 etc) rather than realtime price. So, as an example, in a long trade, in H4 time frame, I need MT4 to open an order once price fully closes above a certain level at H4. Currently, MT4 places orders only based on real-time price info. As a result, price touches my entry level but really doesn’t break through it in many instances. Would it be possible to add two new options to MT4 new or…

Coming from an Amibroker background, My knowledge about MT4 is limited. If changing the MT4 order windows is a too big ask, would it be possible to create an EA for this task?

Thank you very much!

[anon81929759]

i didn’t post this.

also i didn’t say it was too big of an ask

all i did was suggested that @sivricmarijan have a chat to you.

but, You’re Welcome

[Blaiserboy]

You might look under trading systems using google, have a look at what you find and determine if you could code it.

I have made quite a few EA’s, I use Ichimoku and Donchian and Ross Hook a lot… just my preference.

[QuantumNinja92]

Hi,
With all respect to other answers, but i think the below Quora link is worth your time
https://www.quora.com/How-is-machine-learning-used-in-quantitative-finance