Some time ago, I was obsessed with the idea to raise my profits using automated strategies. I have been brainstorming for a long time searching for how to perform this in the best way.
Since I am not a programmer, I had 2 options:
- Find a tool that will help me to build EAs without the knowledge of mql
- Hire mql programmers
I found several tools to develop my own EA without knowledge of mql - I compared features and pricing and decided to use Easy Forex Builder - easyforexbuilder dot com. You know, It was quite an interesting experience - I used drop-down menu to create my EAs - it was quite easy. Of course, if you wanna develop more complex strategies, you can hire pro coders (e.g., from the 4xDev team - 4xdev dot com). It’ll be faster but more expensive.
The further process may seem dreary, but it’s worth your effort.
I tested my ready-made Expert Advisor on the H1 timeframe in MetaTrader4. Then I would like to recheck the results in Forex Tester 5 – forextester dot com. The backtesting process was really fast. Yes, I found a couple of weaknesses in my strategy. But was able to successfully fix them and select the most profitable set of parameters.
After successful backtesting and optimization, It’s time to try to go live. So, I ran my brainchild on the demo acc. To perform this, it’s critical to apply the VPS server, of course.
Then I’ve launched my EA daily on a trend instrument.
After all the steps taken, I created an EA portfolio. Why? To get a more stable profit. It contained robots designed on the trend Indicators or oscillators. I arranged everything in such a way as to overcome the trend and flat market conditions. All my EAs were trading on demo accounts on the VPS servers.
So, I could choose the best strategies after 30 days of trading. I think I’ll apply these 5 top EAs to trade on a final acc. Then I will evaluate the results of my portfolio.
If some of them have bad performance or show too high max drawdown, I’ll replace it with a new EA. Well, they have about 7 months to prove themselves and show positive statistics.
I hope I can go to the live acc with the minimum volume soon. + I would like to use my profitable strategies in Forex Copier – forexcopier dot com to emulate trades successfully and copy in reversal mode to get benefit from consistently losing EAs.
Let my efforts reap benefits. Wish me luck!