New article Interview with Valery Mazurenko (ATC 2010) is published:
By the end of the first trading week, Valery Mazurenrk (notused) with his multicurrency Expert Advisor ch2010 appeared on the top position. Having treated trading as a hobby, Valery is now trying to monetize this hobby and write a stable-operating Expert Advisor for real trading. In this interview he shares his opinion about the role of mathematics in trading and explains why object-oriented approach suits best to writing multicurrency EAs.
Valery, how did you come to trading forex?
I've been working as a programmer in a dealing center for about two
years. I had known nothing about financial markets before that. In the
DC I was one of the two programmers to develop two versions of a client
trading platform. By the way, I am still using one of them. I opened my
first real account to use my robot – this was at times of MQL2. For six
years I have written a lot of different Expert Advisors. Looking at all
of them, I've come to a conclusion: no need to complicate an EA, the
simpler the idea is the more stable the result is!
I haven't thought of financial markets as of a job until recently –
trading was only a hobby for me. However, for about half a year I've
been seriously trying to monetize this hobby and create a
stable-operating Expert Advisor to then trade real.
How important is mathematics for successful trading?
Serious mathematics is absolutely necessary for building money
management and risk management strategies. But to create a relatively
lossless system, you don't have to be a mathematician. This requires two
qualities: a sensible view and clear mind. For instance, on many forums
you meet hot discussions like "Locks (Martingale, averaging, grid EAs,
scalping) - good or bad?" For me the answers are obvious. But many
traders seeing a beautiful picture in a tester or on demo fall into a
To develop a profitable strategy, you need many months of trial and
testing. But if you have such a target, you can do that. And ignorance
of math is not a problem.