Alpha32768 Posted May 23, 2013 Report Share Posted May 23, 2013 Within my reasearches about expert advisors and all the public accessible ones the idea of creating one by myself came to my mind. For creating the desired EA, I have to following ideas: 6 Steps of processing: 1.) Generating an optimal signal 2.) Search in a defined base of indicators for the indicators that work best in a defined backtest time. 3.) Apply Indicators in combination to chart and check for false signals. 4.) Erase false signals with correllating indicators. 5.) Determine ideal exit points. 6.) Repeat. Pre-assumptions: 1.) Indicators with a certain hitrate, e.g. 70-80% will be sticked with 2.) Everything will be done by a predefined heuristic. 3.) Neural networks will eventually be used to determine the ideal entry/exit points. I have some questions at first: 1.) Is anyone interested in coding this ? 2.) Is the selected approach worth sticking with? 3.) Do neural networks make any sense in this case? I would be happy for any constructive comment. Regards, Alpha32768 P.S.: I can't program myself but I can do anything else related to this project. -> If required, we can talk about a salary. Target would be to create an EA that updates itself and defines its settings by itself. Obviously I would be willing to share this to the forum, if the project gets that far. Quote Link to comment Share on other sites More sharing options...
Rio Posted May 24, 2013 Report Share Posted May 24, 2013 1.) Is anyone interested in coding this ? No 2.) Is the selected approach worth sticking with? No, and that's why I said no for number 1. 3.) Do neural networks make any sense in this case? No, because you're trading based on odds and probabilities. If you want to gamble, there are casinos around the world for that. Professional trading success comes from HIGHLY ACCURATE entries, with TIGHT STOPS, and rarely if ever are indicators used, and the BEST indicators on the chart are the candles themselves and where they have BEEN. There is NO OTHER way to trade profitably and consistantly over the long term. Understanding price action is key, and trying to curve fit indicators (which the market exploits to crush your account) to backtest results has been done to death, and all attempts at it have more or less failed. I would be happy for any constructive comment. Sorry, if I sound mean. I become mean when I hear ******. Quote Link to comment Share on other sites More sharing options...
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