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The Net Brain eurusd MT5

What is a Neural Network

An Artificial Neural Network (ANN) is an information processing paradigm that is inspired by the way biological nervous systems, such as the brain, process information. The key element of this paradigm is the novel structure of the information processing system. It is composed of a large number of highly interconnected processing elements (neurons) working in unison to solve specific problems. ANNs, like people, learn by example. An ANN is configured for a specific application, such as pattern recognition or data classification, through a learning process. Learning in biological systems involves adjustments to the synaptic connections that exist between the neurons. This is true of ANNs as well.


Why do you use neural networks for trading

Neural networks, with their remarkable ability to derive meaning from complicated or imprecise data, can be used to extract patterns and detect trends that are too complex to be noticed by either humans or other computer techniques. A trained neural network can be thought of as an "expert" in the category of information it has been given to analyze. This expert can then be used to provide projections given new situations of interest and answer "what if" questions.

Other advantages include:

  • Adaptive learning: An ability to learn how to do tasks based on the data given for training or initial experience.
  • Self-Organization: An ANN can create its own organization or representation of the information it receives during learning time.
  • Real-Time Operation: ANN computations may be carried out in parallel.


How Net Brain Expert Advisor works

Quantitative and qualitative methodologies for forecasting help managers to develop business goals and objectives. Business forecasts can be based on historical data patterns that are used to predict future market behavior. The time series method of forecasting is one data analysis tool that measures historical data points -- for instance, using line charts -- to forecast future conditions and events. The goal of the time series method is to identify meaningful characteristics in the data that can be used in making statements about future outcomes.

To generate the deep and invariant features for one-step-ahead forex price prediction, The Net Brain MT5 presents a deep learning framework for financial time series using a deep learning-based forecasting scheme that integrates the architecture of stacked autoencoders and long-short-term memory. The framework involves three stages:

  1. data preprocessing using the wavelet transform, which is applied to decompose the forex price time series to eliminate noise;
  2. application of the stacked autoencoders, which has a deep architecture trained in an unsupervised manner; and
  3. the use of long-short-term memory with delays to generate the one-step-ahead output.

Prediction approach

In particular, this procedure consists of three parts. The first part is the training part, which is used to train the model and update model parameters. The second part is the validating part. It uses it to tune hyper-parameters and get an optimal model setting. The last one is the test part, where we use the optimal model to predict data. In the training part, we use the past ten years’ worth of data to train the models.


Expert Advisor recommended configuration

  1. Recommended forex Pairs: EURUSD
  2. Time-frame: H1 Chart
  3. Minimum deposit: $100 per pair
  4. Recommended spread but not limited: 1 pip


Inputs Description

  • Lot - Contract size
  • Use Risk Management Lot size
  • Percentage of Account Balance to Risk
  • Expert Comment - Here you put a comment to identify the trades made by the EA
  • Profit in pips - Take profit in Pips (Stealth or hidden take profit)
  • Stop loss in pips - Stop loss in pips (Stealth or hidden stop loss)
  • MagicNumber
  • use slope of the line
  • 0 to any(positive) value to close bad Sell Trades
  • 0 to any(negative) value to close bad Buy Trades
  • entrylopeplus - Minimum value to Buy
  • entrylopenega - Minimum value to Sell
  • 0 to 0.99 %Buy correlation coefficient
  • 0 to -0.99 %Sell correlation coefficient
  • max Spread
  • Trade on Monday
  • Trade on Tuesday
  • Trade on Wednesday
  • Trade on Thursday
  • Trade on Friday
  • Using Trade Hour
  • Start Hour
  • End Hour
  • One trade and stop
  • Stochastic up level entry
  • Stochastic down level entry

Note: This Expert Advisor is available for both MT4 and MT5 platforms.

Alex
41
Alex 2018.07.31 18:36 
 

So.... We moved a long way with the development of the EA altogether (me since version 1.0) and since the developer will not further improve this EA it's now the right time to give an opinion about it. The most 5 stars reviews you will see here are from people who are willing to do anything (including misleading potential buyers with "false" 5 star reviews) to get set files from the developer that should be free for everybody.

The "What's new" Tab of the product page states:

Version 3.0 - 2018.04.19

2. The EA will be extended to the pairs EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD and USDCHF.

If a developer wants to charge extra money on different pairs he should release an extra product with a different internal setting and shouldn't make set files just available for users that give 5 stars.

About NB: It's a system like many other systems on the market. The TP is near and the SL is far away. Additional to that it doesn't trade often. If you take the risk and are very lucky you will make some bucks in the near future and in the long run you will burn your account balance.

Update: Developer mentions to still want to improve this EA. The forward tests of his signal look great. There're new setfiles coming out. Those will be just for VIP Members too. I don't know why he does this? Now it's the time for me to rate the EA good when it shows good results, but how can I test it if I don't have access to the setfiles.

Update: The new sets were published and everybody (not just VIP members) were able to get them. They don't change the main story about this EA. The Developer sells old version of this EA as a separate EA charging users again and begged again for 5 star reviews to "be able to set a lower price" for it for 5 days.

bholzapfel
103
bholzapfel 2018.07.20 09:04 
 

This is one of the few EA's that brings continuous profits. The version 5.0 seems to me to produce smaller drawdowns than the new version 5.1. Otherwise a very good job.

Yongxiang Xiong
381
Yongxiang Xiong 2018.07.20 08:22 
 

Good EA, thanks to Anddy's excellent work.

Uzochukwu Igbasi
487
Uzochukwu Igbasi 2018.07.19 22:16 
 

Good work, Anddy... promising EA

Timely response.

Stepan Khabardin
3462
Stepan Khabardin 2018.07.18 18:47 
 

Useless EA

Ye Yang
130
Ye Yang 2018.07.10 03:47 
 

The author responded very quickly and adjusted it very timely. EA seems to be profitable at the moment and hopes to continue to make profits.

masa0718
151
masa0718 2018.07.08 13:15 
 

The author is very excellent, Great EA and support.

aswinkarthi
39
aswinkarthi 2018.06.16 08:03 
 

Herdianto
238
Herdianto 2018.05.31 04:46 
 

User didn't leave any comment to the rating

lrimondi
841
lrimondi 2018.05.25 09:00 
 

I lost 15% this week on a small ECN real account with default risk set up and EURUSD only. 73% losing trades, 27% winning trades. Once I see a live signal being profitable for several months in a row, I will start trusting The Net Brain again. Now I stop wasting my money.

jslimcfa
59
jslimcfa 2018.05.21 12:04 
 

I used this EA only 2 days, and I lost 8% of my account. I am going to stop using this EA for a while until it shows some signs of recovery. I am kind of regretful for buying this EA. I will update if this is temporary or due to the EA itself.

Note - I used higher lots for EURUSD and GBPUSD because they were profitable for a while. But they weren't later. But still counting this factor, I think 8% loss is pretty high for non-martingale EA.

Update - Based on some users' positive reviews, I tried the EA for 2 days with minimum lot size 0.01 for EURUSD. My account went from 100 to 98. And I stopped the EA again. More time needed for the author to fine tune the EA.

Wenlong Zhang
110
Wenlong Zhang 2018.05.14 13:23 
 

2018/05/14

As an engineer, I think Anddy did great work. As a trader, it is a bit early to judge this EA.

I'm totally agree NetBrain's methodology, machine learning is the future. However, I have no idea about what's the strategy that Anddy used to open positions. (The latest version V4 uses a grid-like trading strategy. To be honest, it is risky. Now he's changing it.)

Anddy keeps improving his product and updating the strategy.

The current profitability of this EA is not very stable, but it has a good future. I buy it for investment. A perfect machine learning advisor can not be only 300 dollar, haha.

It seems that Anddy doesn't mind to have more people join the development. I've told Anddy I wish to join. Maybe more developer can make this EA evolve faster.

I will update my comment once there is a new important update.

Valter Oliveira
887
Valter Oliveira 2018.05.04 21:12 
 

I performed a test of this EA, initially in a demo account, for a month and then in real account, applying the standard parameter setting, with lot size 0.01.

During the test phase I had the opportunity to migrate from version 2.0 to version 3.0, in which it was possible to notice a significant performance improvement in version 3.0.

Even while I was using version 2.0, one behavior that was quite satisfactory was the low drawdown provided by the EA.

The profit trades was higher than 51% and the average profit value was higher than the average loss value, with the positive difference between profits and losses being relatively significant.

Therefore, the results obtained so far indicate that this is a great product.

As a suggestion of future improvements, I propose that the seller evaluate the possibility of including the following parameters in a future version of the product:

- Maximum allowed spread to open a deal (points): [integer value]

- Maximum number of consecutive losses per day (0 = no limit): [integer value]

- Maximum number of consecutive gains per day (0 = no limit): [integer value]

- Stop loss mode: [choose: Current canlde / Previous candle / Max-Min of both candles / Set value ]

- Stop loss set value (points): [integer value]

agopriarolo
3346
agopriarolo 2018.05.04 07:41 
 

I've bought, rented, optimized, tried on demo and live accounts a lot, a lot, a lot of different EAs, of every kind, you couldn't imagine the hard work and the entire days I've spent on trying to get at least one of them profitable. Read all the posts of the NET here and on the MT4 version, you'll understand why this one is the best and why the creator is a genius.

Tommaso Santarelli
413
Tommaso Santarelli 2018.04.20 08:34 
 

User didn't leave any comment to the rating

Edgar Duttweiler
559
Edgar Duttweiler 2018.04.06 19:34 
 

This is a great EA !!!!!

Thank you for your excellent work !!!!

Congratulations, Anddy.

Version 5.1 2018.07.17
1. Improvement in the entry of the trades. Now a reverse candle is needed after the signal trigger.
2. New inputs added:
Stochastic up level entry
Stochastic down level entry
Version 5.0 2018.06.06
New strategy added to improve the performance of the EA.
The grid system has been removed.
Version 4.0 2018.05.08
The system will open new trades in the direction of the trend by increasing the lot size in last lot X 1.5.
Version 3.0 2018.04.19
1. Now the H4 Supply and Demand levels will be taken into account during the decision to open a Buy or Sell, depending on the position of the price with respect to these levels.

2. The EA will be extended to the pairs EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD and USDCHF.

3. Added input for comments.
Version 2.0 2018.03.23
Now the buyer will be able to close any trade manually and the EA will wait for the next signal to trade again. Also, it will take into account the H4 levels to open and close trades.
Also, some information about the neurons calculations is displayed on the screen, so you can understand what is going on.