Expert advisor questions

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Hello, I have a question to the trader who used to trade with self made EA that is coded 100% realisticly and was tested. What was your expierience trading EA in real time, were the results similar to the tested ones? I am not talking about scalping or speed trading, just normal trading with specific strategy. Is there anything you would recommend to someone who want to start trading on real market with self made EA?
 
Depends on your experience. If you're relatively new in the markets/algotrading - RUN… and don’t look back!
 
Oleksandr Medviediev #:
Depends on your experience. If you're relatively new in the markets/algotrading - RUN… and don’t look back!

Haha why? It is very difficult to make a profitable automated system, but why say run?

My advice to OP - Use the modelling "based on real ticks" if you want to see realistic backtest results. Particularly if the strategy is on a lower timeframe.

A few things from my own experience:

- Many manual based trading strategies fail to work reliably in automated trading, so ideally you should use non-repaint tools, like stochastic/rsi/moving averages

- Remember that an expert advisor has no eyes like we do, and it will freely keep a random loss trade running unless there is good risk management...you can control the drawdown, and use trailing stop as well

- Be careful with trailing stop on live spread because a standard trailing stop doesn't acknowledge volatility, and real ticks are often more volatile, so you could use a time based trailing stop or parabolic sar. A tight trailing stop can easily cause winners to turn into losers on real ticks

 
Conor Mcnamara #:

Haha why? It is very difficult to make a profitable automated system, but why say run?


Deep in your heart you know that I am right.

 
Oleksandr Medviediev #:

Deep in your heart you know that I am right.

Yes in a way you're right, as it can cause a lot of heartache to make a reliable EA...

 
Conor Mcnamara #:

Yes in a way you're right, as it can cause a lot of heartache to make a good EA...

Exactly. It’s not just coding and backtesing tricks - it’s a battle of patience, expectations and reality. Most don’t survive it.
 
"Hi Jasiu, I think it's great that you're exploring the possibility of using a self-made EA in real-time trading. Taking that first step is never easy, but it's where all meaningful journeys begin. My advice would be to start by thoroughly testing your EA on demo accounts with realistic conditions, ensuring that it matches your expectations in live scenarios. Remember, the transition from backtesting to live trading might bring surprises due to differences in market dynamics and emotions. Stay patient, keep learning, and don't hesitate to refine and adapt your strategy as needed. You've got this!"
 
Comments that do not relate to this topic, have been moved to "Off-topic posts".
 
Conor Mcnamara #:

Haha why? It is very difficult to make a profitable automated system, but why say run?

My advice to OP - Use the modelling "based on real ticks" if you want to see realistic backtest results. Particularly if the strategy is on a lower timeframe.

A few things from my own experience:

- Many manual based trading strategies fail to work reliably in automated trading, so ideally you should use non-repaint tools, like stochastic/rsi/moving averages

- Remember that an expert advisor has no eyes like we do, and it will freely keep a random loss trade running unless there is good risk management...you can control the drawdown, and use trailing stop as well

- Be careful with trailing stop on live spread because a standard trailing stop doesn't acknowledge volatility, and real ticks are often more volatile, so you could use a time based trailing stop or parabolic sar. A tight trailing stop can easily cause winners to turn into losers on real ticks

What you mean by "Many manual based trading strategies"?

 
Oleksandr Medviediev #:
Depends on your experience. If you're relatively new in the markets/algotrading - RUN… and don’t look back!
Yes, I know what you mean. Fortunately I am a realist, and I have some experience, so I am not that new. I ask about this topic because I have already spent a lot of time on fixing all the bugs in EA, testing different inputs, doing hundreds of backtests but I still feel that it is a bit unrealistic for me, that you can actually earn money this way and I wanted to get the opinion of those who have actually earned money thanks to sensible strategies using EA. *By sensible strategy I mean strategy with smaller drowdown than 7% of initial deposit (maybe bigger % if bigger return but all under control) and return stable beetwen 15-20% yearly.
 
Jasiu #:
Yes, I know what you mean. Fortunately I am a realist, and I have some experience, so I am not that new. I ask about this topic because I have already spent a lot of time on fixing all the bugs in EA, testing different inputs, doing hundreds of backtests but I still feel that it is a bit unrealistic for me, that you can actually earn money this way and I wanted to get the opinion of those who have actually earned money thanks to sensible strategies using EA. *By sensible strategy I mean strategy with smaller drowdown than 7% of initial deposit (maybe bigger % if bigger return but all under control) and return stable beetwen 15-20% yearly.
Referring to "I wanted to get the opinion of those who have actually earned money thanks to sensible strategies using EA"
 -- very good, let’s see if any of them read your question and reply (personally, I don’t know such traders).
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