prosper4all

Yoda, thank you for the detailed explanation of my "Bump" to megainvest.

 

 

Can anybody perform due diligence on notary public stated the MyFxBook portfolio screenshot?

 

James Cornell

State of New York

Richmond County

Bump......

Bump......

I have the pro trader tool and the dll that comes with it. It requires a clickbank receipt. Can anyone educate?

 

Hello FxNewbie,

 

Please post a link here to download the files so that it may be educated.

Chase Brennen's Scientific Forex Toolkit

 

The senior developer of Forex Megadroid, Chase Brennen, developed a Scientific Forex Toolkit which contains two indicators and an EA to place orders. The two indicators are Scientific Forex Trade Ribbon & Scientific Forex TrendColor. The EA is called Pro Trader.

 

Here is more information:

hxxp://forex-megadroid.com/sft.html

 

If the Scientific Forex is purchased using his referrer link, he gives those bonuses to the buyer. He seems to have boiled down a great part of the strategy in those indicators. Would be nice to have. ;)

http://www.tradeforyourliving.com/tfyl/

 

Seems like a very interesting course. An insider...

I agree, but this discussion is in relation to manual traders. A manual trader may be acting a certain way due to something he watched on the morning news several hour ago. This would be the type of informal "rules" that is hard to implement.

 

Hello askalas,

 

That is precisely where emotions get inside the equation. We humans base our decisions mainly on fear or pleasure, emotions. And how delayed those emotions may be vary for each of us. But still it is a factor to consider.

 

This discussion is mainly philosophical, all input is welcomed. Thank you everyone for your thoughts.

In my opinion it's not worth the effort to think about "ad hoc filters"

The big players spent tons of money for their systems that simply scan the incomming headlines and excecute trades based on the content. Retail will never be as fast as they are...so always late to the party and a welcome victim of fake moves

 

Hello iwjw,

 

Checking for news as a filter could be used simply as a delay to watch for reversals. As you know, I am a big fan of reversals. I've noticed these usually occur precisely at certain times during the hour. Taking this predictability into account, it could be very easy to trade by knowing when the reversals take place.

Intuition cannot be programmed. Most of profitable trader mixes set of rules and intuition. Same like you play any games, you always fail at the first attempt. You practice, practice and practice. Then you start to conquer the game. That is intuition. That makes most of EA fail. If trading is simply about set of rules, then everyone will get rich.

 

Hello sgr,

 

I believe that intuition is mainly a game of emotions. Unless the trader is highly psychic to predict the future, it will be very difficult to be profitable relying in part on emotions. I am not saying it is impossible to be succesful doing it that way, but very difficult to achieve. If you are successful relying on intuition, I take my hat off to you.

From my experience, a simple manual system is fairly easy to program into an EA. A really good comprehensive manual system, that seems straight forward to a human trader, is wickedly complex to put into a hard-coded set of rules. Add to that the fact that the logic must continually be "updated" to adapt to current market conditions.

 

Hello fughe,

 

I agree with you it can get very complex, but still doable. That is where artificial intelligence kicks in and takes care of that. Such systems are able to adapt, just like we humans do.

I see you are thinking logical as a programmer :)

 

Just a comment on your last statement. The ad-hoc rules based on "current market conditions" I was referring to could be the manual traders understanding of the current market based on any number of inputs and consequently very hard to formalize. If not formalized, it would be close to impossible to retrieve that information. However, as you said, if he/she evaluates current market depending on some external information that could be formalized then we would be able to query that.

 

And taking the subject further for the fun of it...if we had a large trading history of the manual trader and as much formal rules a possible we could have the ea adapt to the trading "style" of the manual trader. Ie, using artificial intelligence, the ea could learn to trade like the manual trader and consequently fill in the missing informal rules. But now its not exactly simple ea coding any more :)

 

Hello askalas,

 

I was thinking of this myself today. Sort of like a neural network, artificial intelligence, that has many properties. I plan on developing a system like this soon, I think it has great potential. Thank you again for your input.

Thanks for everyone's input. It makes sense that some traders cannot translate their ideas 100% logically or "simple" sets of rules are actually complex to implement. If the trading rules and filters can be expressed in a logical formula, then it is very doable. As far as ad-hoc filters due "current market conditions", it can be easily done by performing a query on a trusted and organized source of information to prevent such bad trades. Thanks for all the input.

Hello Sixer,

 

I want to reinvent the wheel because not everything shown on Google is good. In fact, most of it is poorly developed. I already have candle pattern indicators, but not the source code. Yes, it could be decompiled but it would be better just to make readable code and know how it really works. This would allow a programmer to integrate reliable candle pattern code much easier into a new EA. Self proclaimed expert Steve Nison claims most candle pattern recognition software out there is not accurate. I agree with that train of thought. My goal is to integrate such code into my future EAs as another indicator to confirm trade setups. I guess I will end up doing this myself.

 

Regards

I would always place a SL on a trade and don't rely on the EA to do the job. Noone else than your broker can see the excact stoploss of your trade....so the "big player" can be your broker. But there is a common behaviour where stops are placed and so they are huntable by the market movers. Currently the market is very news sensitive...best example eurusd yesterday. These moves come out of nowhere and there is no chance to avoid them.

 

So you suggest that the best practice is to just wait until news events changes the market?

Hello everyone,

 

I've read some posts on this forum by experienced traders that seem pessimistic when it comes to translate their strategies into logical code for an EA. I don't understand the reasoning behind this because trading is a 100% logical endeavor. The market can only do three things, go up, go down, or go sideways. Comparing indicators to determine a trade setup isn't difficult. I don't think we need a masters degree in physics to write some simple code. How hard can it be?

 

Regards

Hello everyone,

 

I am interested in writing some code to detect candle patterns. I guess this could be easily done by running a loop on all the candles in the chart and checking the values of the current candle (high, low, open, close). Let's say we want to detect a "hammer", we could say that the real body of the candle has to have a certain wick size, etc.

 

My main goal is to detect reversals based on candle patterns. But it would be nice to develop an open source EA so that everyone can take advantage of candle patterns as another confirmation to get into the market or not. If there are any experts on the matter please write your response here.

 

Thank you

Thanks iwjw,

 

I will do as you suggest. But I do wonder, would it be safe to add SL and TP on an order from any type of broker?

 

I've read a lot about how the big players take out the little guys stops by wildly swinging the market up and down. This seems to occur soon after the market opens in Germany, London, and New York.

 

If you have "hidden" stops, meaning the EA will stop the order manually, that could be a way of preventing such problems. But if the market swings wildly very fast, the EA won't be quick enough to close the order at the "hidden" stop level.

 

Overall, I think it is best to wait until these wild swings occur and then get in the market. What do you think?

 

Thanks

Thank you iwjw

Hi any mql4 programmer here? i would like to share my profitable strategy if you help me code it to an EA .

 

Thank you

My Email : [email protected]

 

Hello wenztan,

 

PM me your strategy and I will do my best effort to code it for you.

 

Thanks

I have an institutional trading system that I would like programmed fully or a part; It's a manual trading system. So I am not looking for it to trade on it's own unless we have a master coder; but just signals , tp,sl, and fill out a sheet auto;

 

I am not planning to pay because i don't even think programmer will succeed; but would like to see how far we can get with it;

 

Programmer if likes forex will learn something from this path and if he succeeds we will obviously make some money;

 

any part of this system would still be beneficial; it uses over 20 indicators in synchrony; and the only problem may be using an offline chart on metatrader

 

It is very complex; but yet simple; will defenitely be a challenge to program; plz help if interested in seeing something that stands out in the crowd

 

Hello grandpost,

 

I am a computer programmer with over 16 years of professional experience. I know many computer languages and MQL is very easy for me to use. I would be happy to make your EA for free.

 

Thanks

Hello everyone,

 

I am interested in knowing if anyone has ever written an MQL script to detect ECN brokers. I've searched around forum posts but found no answers. It seems most coders just use an extern bool as a flag to ask the user instead of having the MQL script detect the broker type. Any comments on the topic are welcomed.

 

Thank you

Are you testing with ECN Broker?

If so, the EA can't work because SL/TP have to be set seperatly(OrderModify) after order was opened with SL=0 and TP=0(OrderSend)

 

Hello iwjw,

 

Besides this you mentioned, what else has to be taken into consideration when coding an EA for an ECN broker?

 

Thanks

This information is very helpful, thank you.

Can anyone explain what "repainting" is and why it is a problem to code an EA from that?

bump......