Why some traders that know how to code EAs still prefer to trader manually? - page 2

New comment
 
Icham Aidibe:

Face recognition, that's how they do it : 

https://medium.com/@ageitgey/machine-learning-is-fun-part-4-modern-face-recognition-with-deep-learning-c3cffc121d78

Fortunately, charts are less complex than faces, it's not difficult to register for each positions opened numberous differents parameters (vol, price, ma, volatility, whatever ...), analyze order history, reference & classify orders with such characteristics, patternize it, and self adapt based on previous results being more often profitable or unprofitable.

Actually, the more complex task there seems to me to be extracting a rule based on logs to apply for next positions ( key value limits for volatility for example, relative position to a ma etc ...)

I don't think charts are less complex then face, it's obviously the opposite. A face has a fixed amount of parameters usually - 2 eyes, 1 nose with average size, 1 mouth etc.. and the distances and sizes are measurable. You can simplify the face recognition to those parameters but without AI you won't succeed in doing it right. A chart is far more complex. What you do in your ea is like simplifications on trying to identify faces without AI - it's not close to what human trader does mostly. I mean, you try to simplify what the eyes see, but it's not as equal to what a human trader sees. There are too many simplifications, and thus many false positives if you try to identify certain patterns (for instance, one look on a chart can see a trend, but programming that is not as easy, or drawing trendlines that make sense, and those are just the simple tasks a human trader does) - of course you can do them, but it's never as accurate as what the eye sees. 
 

Dear All

Market will collapse If there is a EA can do trading. Because there is no way every one can make profits. Very small percentage of people earn money because all the others are loosing money. There are 4 parties who earns money in this business. 

1. Trading account Supplier.

2. Trading software Supplier.

3. EA and Indicator Suppliers.

4. Freelancer programmers.

Theese four parties will earn money irrespective of our losses.

Please note there is no fool proof pattern in Forex. If there is a clear pattern this market will not sustain. It is like there is a pattern which is 80% correct but 20% loss will make ultimately loose money. thatch how the market is. So manual trading is always better.

Thanks 

Duminda

 

"EA" is a just tool for automating manual trade. It never means that the computer thinks and deals by itself. Computers are only executing trade according to fixed procedures (ie program).

So, traders who cannot make profits with manual trading cannot make profitable "EA".
In order to create "EA" to make profits, it's important to devise a trading method that can make profits with manual trading.

 
Are there any providers that can offer training on developing of QL4/5 trading robots?
 

MT4: Learn to code it.
MT5: Begin learning to code it.

If you don't learn MQL4/5, there is no common language for us to communicate. If we tell you what you need, you can't code it. If we give you the code, you don't know how to integrate it into your code.

12
New comment
Reason: