- MQL4/MQL5 Wizard
- MQL5 Wizard: Development of trading robots for MetaTrader 5
- Features of starting and stopping programs of various types
Hi everyone
Thank you Tom.
I personally advise you against having the EA developed by commission. The code to correctly interpret the FLD is extremely complex and cannot be developed in MQL due to the lack of graphical image analysis (I use a self-developed C++ DLL for this). Assuming that a developer guru is maybe 10x as fast as me, it would still take 170h+ just for that. Of course it can be done by a hired developer, but it would be very expensive. Apart from that, you are constantly learning and you would have to pay for the implementation of the new knowledge. Doing it yourself is the only possibility from my point of view - if you want to be successful.
Yes, I only use FLD for target trades and VTL for pullback trades (both on the daily chart).
The performance is very good, I would say better than anything you can buy. And the EA trades successfully through all crises, all crashes and all supertrends. Interestingly, the profit factor is higher in the real money mode than in the backtest. In my experience this is the exact opposite of bought EA. These are better in the backtest because of parameter optimization. With our approach there are no parameters to optimize.
As far as money management is involved, I use the method of Ralph Vince, described in his book "Mathematics of Money Management". You can find an excerpt here on this website at: https://www.mql5.com/en/articles/4162
- www.mql5.com
I personally advise you against having the EA developed by commission. The code to correctly interpret the FLD is extremely complex and cannot be developed in MQL due to the lack of graphical image analysis (I use a self-developed C++ DLL for this). Assuming that a developer guru is maybe 10x as fast as me, it would still take 170h+ just for that. Of course it can be done by a hired developer, but it would be very expensive. Apart from that, you are constantly learning and you would have to pay for the implementation of the new knowledge. Doing it yourself is the only possibility from my point of view - if you want to be successful.
...I don't think something can not be done in mql if it can be done in C++. Maybe you mean you are using libraries in C++ which are not available in mql ? In this case of course it would expensive to do it in mql, but it's not a technical impossibility.
Can you say a bit more about the problem and the "lack of graphical image analysis" ?
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