is it even possible to wirte an EA based on technical indicators, that generates profit over a long period? i don't mean that every trade is a success but that it generates a profit over several years. Looking at the Championchip 2012 i realize that only 20% of the participants generated profit. and even if I look at the current #1, JPAlonso. He made a huge profit in october. However if the championchip would have started on 24. october, he would have only generated loss since then! Is it possible, that it is pure luck, that some participants have got such good results? I miss curves, that earn (little) profit, but constantly over a longer period!
I mean, if you play roulette, you'll have some winner and some loser at the table, maybe 40% winner and 60% loser after a few rounds. the winner only won because of luck and if everyone plays long enough, everyone will lose their money exept the bank. isn't trading with EA similar?
i'm asking myself the question, because I want to write my master-thesis about this topic and I'm afraid to 'waste' my time on something, that cannot work. What do you think about?
The indicator has standard settings. The new modification of indicator provides special marking of the segment when the moving averages begin to form a cross in one direction or another. The Alligator`s cross indicates that the trend is about to change. Modified Alligator helps traders to determine a trend on a particular timeframe even if the averages are intertwined and have a shift in the future. Direction of a trend is determined by a cross of the averages with a specified marking area on th
This is an unusual (visual) representation of the famous WPR indicator. Instead of a separate subwindow, it is displayed in the main chart as a channel and levels.
The next version of the indicator will have a possibility of smoothing its values using a moving average.
PeriodWPR - calculation period of the percent price channel LevelUp - the value of the upper level in percentage (negative) LevelDn - the value of the lower level in percentage (negative) Center - the value of t
This is an extended version of OsMA that uses 4 colors (rise, fall above 0; rise, fall below 0). You can use 21 variations of the moving average for each of the straight lines uses, as well as for smoothing the total variance, and 11 price options for "fast" and "slow" MAs.
Moving Average types: Simple Moving Average, Exponential Moving Average, Wilder Exponential Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
Actual Depth of Market Chart Actual Tick Footprint Volume ChartThis product combines the power of both indicators and is provided as a single file.
The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator!
The Number Levels indicator plots the levels of round numbers on the chart, which can be identified as the support and resistance levels.
The indicator implements the ability to set the interval between the round number levels For example, if you set HL1 = 1.00000, and HL2 = 1.05000, then the lines will be drawn every 500 points.
Important! To plot the round number levels for two or more different levels, it is necessary and sufficient to set different names to them in the indicator parameters
Envelopes or channel lines are set parallel to the Moving Average (to the slow MA if you use two MAs). The two channel lines must contain approximately 95% of all prices for the past two or three months on a daily chart, with only the extremes protruding outside. Channel lines provide attractive profit targets - sell longs near the upper line and cover shorts near the lower line.
The AutoEnvelope is a custom indicator - an original tool that automatically selects channels width by calculating a
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
Note: Demo version for testing can be downloaded at: https://www.mql5.com/en/market/product/5006.
Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
The economic calendar is made in the form of an Expert Advisor that downloads the data from one of the most popular Forex sites (forexfactory.com/calendar.php). The data is presented in two ways. The first (primary) is represented as icons with detailed information about the event. The second is displayed as a line with a news description. Economic Calendar downloads published news in real mode with the possibility to adjust the spacing of data validation and user-friendly customizable graphical
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The robot does not trade at night from 10 p.m. to 4 a.m. (server time).
The robot was tested in the special tester on real ticks. Empirical e
Fast Copy MT5 allows you to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4
* For the MetaTrader 4 terminal — Fast Copy MT4
* For the MetaTrader 5 terminal — Fast Copy MT5
** Before the purchase, you can test the program by downloading the free demo versions — Fast
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
Trade in the opposite directions with HedgeTerminal
HedgeTerminal is a full-featured trading terminal inside MetaTrader 5. This is a graphic panel resembling MetaTrader 4 terminal. It allows you to track oppositely directed positions in the manner it is possible in MetaTrader 4. In other words, we can open unlimited number of positions on a single symbol even if positions are in complete or partial hedge (lock). Thus, you can maintain long and short positions simultaneously, which is impossible
The indicator is based on the comparison of the correlation of trading instruments following an original algorithm. It determines the difference between correlated contracts (delta). The greater the difference, the more it is likely that this Delta will return to zero.
More suited to the FORTS market.
The greater the deviation from zero, the more it is likely that the price will return to zero. Also, the indicator divergence can be applied by comparing highs and lows.
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
Active Lines helps you easily organize various tr
The indicator displays economic news on the currency chart (the appropriate data must be downloaded from the Internet - please see the download instructions on the screenshots provided). The list of currencies (countries) is customizable. By default it shows all currencies. The main parameters come with a built-in description. In addition, there are parameters for advanced users. News items are divided into 3 categories by degree of importance. There is a great flexibility in display parameter s
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is similar to SAFE Automatic robot intended for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automati
This is the Famous Timing Indicator
You can now use the most famous Timing indicator on the planet.
Millionaire Mostafa Belkhayate earned his reputation by using this specific indicator to validate the entry signals supplied by his also famous Center of Gravity indicator on the Forex market. I spent hours, days, weeks to decrypt the formula and now it is finally available to you.
New and Unique for MetaTrader 5
Timing will give you perfect validations for your entry signals. It is the first
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs.
Interacting with additional signal indicators that mark the chart to give a real mar
Veno EA MT5 is a safe and fully automated medium-term trading robot.
The EA does NOT use hedging, martingale, grid strategies, arbitrage, etc.
Veno Expert System MT5 automatically monitors the appearance of participants with distinct preference towards buying or selling on the market. Trades are conducted on sharp cluster and news based movements of the market. The robot analyzes the market volumes and volatility, and follows strong supply and demand movements. It smoothly sets breakeven level
Cluster analysis of volumes is now available in MetaTrader 5!
The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price.
There are 6 criteria of cluster generation:
Time interval, the criterion is set in seconds. Price range, the criteri
FXG_Info – the most important data in one place.
MetaTrader 5 Indicator FXG_Info provides basic statistical information about a particular currency pair. So that in combination with a chart representing currency price it is easy to determine whether the current situation is good for trading. And when you open a position it will clearly show you the current data such as SL, TP, RR. You are not limited to currency. You can use any market which is provided by you broker.
The following information
This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity?
USER MANUAL: click here
Arrows in sub-window to show strong currency momentum GAP will guide your trading! Warning signs
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience.
What is VSA?
VSA - Volume Spread An
Tick volume is equal to amount of ticks at the unit of time. There is direct correlation between tick volume and real amount of deals. Every change of the price is a result of a real request to perform a deal. Consequently, fewer requests we have, the less price changes we get, and, as a consequence, tick volume is smaller.
In this case, when big amount of requests appear on the market, price changes happen more often. Big tick volume appears. Tick volume is an important indicator of trad
All traders using VSA realize the importance of the volume. Unfortunately, tick and spot volumes are not suitable for these purposes.
I have conducted mathematical calculations and managed to trnsform the price into the volume that is close to the futures one by its ratios. Now, you do not have to wrestle with the question of where to obtain the volume data. Besides, you will be able to use the currency pairs having no futures at all. With RealVolume, you do not need to remember data on each ti
everything is possible.
I do not think this is a waste of time, automated trading systems are a relatively recent area of study (i say it is relative because every year we discover how little we know and how much can be done). As onlysolo said, "everything is possible", that means you (or someone else) can discover the holy grail (wich is the main reason most people are here) or simply all the strategies you develop fail. How can that help to your master-thesis? In a lot of ways (2 actually that i can think of hehe):
Don't know if you need to base your thesis on a specific EA or you can make a more generic approach and talk about traders (their ages, aspirations, techniques, etc) and their relations/experiences with their trading systems, then classify those traders and their strategies...finally you could possibly make a strategy ranking based on performance over a period of time.
There's tons of new information to be gathered that could keep you writing for years. That's what i think, thanks for reading.
is it even possible to wirte an EA based on technical indicators, that generates profit over a long period?
Yes, it's possible since a long time ago. please read this first, maybe I'll write later :
I don't think trading is equal or even similar with gambling - not even close ;D. Those rich list from trading the market (Warren Buffett, George Soros, et al) are never gamble the market.
Trading, mainly is buy and sell something with a plan, while gambling does not buy or sell something even with a plan.
Say for example a fruit seller who sells Apples, Oranges, Bananas, Grapes, etc.. Fruit seller maybe buys fruits on Friday, hoping he can sell it on weekend before the fruits goes rotten. On weekend his Apples, Oranges, and Bananas are sold out, but not the Grapes. So on Monday he have to sell the Grapes below its buying prices - unless he wants a rotten Grapes - so he sells the Grapes at a loss. At least the Fruit Seller can make the capital back and keep his fruit business running.
If JPAlonso is a Ice Cream seller. I don't think he will make much of profit (will certainly makes more loss) selling ice cream in Winter compare than selling ice cream in Summer.
In gambling, a gambler buy and sell nothing. Well, actually a gambler create himself a hope for himself and sell his money to buy that hopes.
In Fruit and Ice Cream example, a marketing and selling is a good plan before trading. In trading the market and exchanges, good reading on indicators and all trading possibilities is one-third good plan, making firm trading decision is another one-third good plan and another third lies in executing it.
A good EA is the one which reads the indicators and all possibilities, "read" it's plan and executing the plan.
thank you all for your great response! I had my doubts, that's why I asked.
I think I'll make it like TripleHeinz said: Even if my studies would fail, there would be additional value to science in this field.
is it even possible to wirte an EA based on technical indicators, that generates profit over a long period? ...
Yes, possible but it depends on the system itself. Some people say that forex systems can be profitable with the about 30% up to 80% ROI (or annual profit) for 1 year.If more than 80 so it becomes non-realistic - those "unrealistic systems" are required to be improved for at least every half a year for example.But many traders want more profit ... 80% in 1 month ... :)majority of the forex systems are existing on the market (with profit) for no more than 3 months sorry.Of course, there are some old classical systems.And yes, there are some exceptions but those exceptions are based on old classical theories too.
That is why people want to be the first to try some new EA or to download some new indicator.because it may be too later after some months :)Just my experience.