At a crossroads. A topic for owners who have developed really working, profitable EAs. - page 5
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Normal EAs need their own non-standard approaches, taking into account both TA and FA.
The easiest thing you can do is take into account central bank refinancing rates, their changes
and forecast (futures).
If you are serious about it, you have to keep track of 8-10 parameters, both purely monetary (e.g., M*) and economic (GDP, CPI, PPI, payrolls, etc.).
This is also not difficult, although it is better to use a more advanced language than MQL4.
The links between the parameters and currency movements can be established either by calculating the correlation,
or by training the NS.
As you understand, the development of a serious Expert Advisor is not a 2-page code and not the work of a single underprogrammer.
and the price will certainly not be 10$ for a bucket.
... All the more for the beauty of the balance chart.
In theory, this should not happen: there is a balance on the chart, and when a position is closed at stop loss (even with a large loss), then there is an open position (maybe more than one) with a good profit, thus reducing the equity. The balance may even be negative if the equity is above zero. I had such situations in the tester and on demo. I don't play with it on the real market.)
I don't think it's a problem as there is no equity gap, but thank you for your comments.
This is more important than the balance.
Please report periodically on the progress of the case.
The easiest thing you can do is to take into account central bank refinancing rates, their changes
and forecast (futures).
If you are serious about it, you need to track the dynamics of 8-10 parameters, both purely monetary
(e.g. change in M* money supply) and general economic parameters (GDP, CPI, PPI, payrolls, etc.).
It's easy to implement, but it's better to use a more powerful language than MQL4.
I will also give my advice:
Listen to what you are told and do it your own way.
Keep your systems as simple as possible. Don't get bogged down with phrases like "...I've done it before...it won't work" etc.
Do it and try it Yourself !!! Everyone is different and everyone does it differently and the one who succeeds is the one who doesn't give up at the first setback.
What about the MM? How important is this parameter for the TS?