I put my main job on hold and have dedicated all of my time to technical trading and making EA's for the last 8 months non stop. As I don't
know anyone who also does this I would love to ask some of you more experienced people who work with EA's just a few questions if you would help
1. For how many years should an EA be profitable on backtesting before you would run it Live with real money?
2. What average annual profits in % would you expect to have before you traded it with real money?
3. If you need to have DLL files in your EA to import info from external sources, how is this dealt with considering the VPS servers dont allow
DLL? (as far as I know)
I am analysing about 5 EA's I have had made and testing them all in hundreds of ways as there are so many variables and markets it is taking me
forever and is very slow progress working this alone.
Any advice regarding the above or anything else is greatly appreciated, thank you.
I don't run real money right now, but I would say atleast 3 years of back testing
results. Avg annual profits probably like 10%. Number 3 I don't know . For me analyzing also takes long but ofcoarse I use a smaller
sample of a years data first for testing, then 3 years data so it is kind of like in sample and out of sample. Then try more and more ideas to get the
D.D managed better and better.
Other thoughts: using your EA if it makes small and stable profits on some popular investor (copier) sites will make you very popular after a few
years and you can make a nice income with that so don't always try to get the most profitable EA, the safest EA is good too. Last thing, forex
markets are mostly random so beware of good results in a small sample. Something like the dow jones though is biased to the buy side and it is
less random and has an advantage for the buy side.
I know what you mean, this is why I mentioned to manage other peoples money. All those high profile investors that manage other peoples money
also cant achieve 30%, do you think that will stop them from managing money? They getting rich. Even 7% is fine for these investors, as long as
there is no scary drawdown they will love you.
What happens every time is whatever profit my good EAs make they always make an equivalent drawdown, if they really good they will make half the
drawdown of the drawup eg. 30% d.d and 30% profit or 15%d.d and 30% profit. This is with me trying my hardest and testing hundreds of EAs with
many different settings. However as time goes by I still learn new things. Safer EAs should have the ability to make crazy profits on
Yeah I also come up with lots of new ideas, but not necessarily to predict the market but just to try smoothen out results.
My laptop is quite slow to start with 4gb ram and intel Celeron but I still overload it with 2 metatraders open like 10 webpages and 2 MQL
metaeditors one for mql4 and one for mql5. Testing is slow for all computers if my understanding is correct, but there is the option to use
other peoples PC resources I cant remember now what it is called and don't know it works.
(But yes, having 2 metatraders open, means two testers, so double the testing work is possible at once)
It is called agents. It can be seen on the left menu from your profile page.