Your False Hope

The advisor "Your False Hope" is a fully automated strategy which trades major symbols. The set of symbols may change while the strategy is improved.

I created this strategy as a parody of pipe dreams of Internet users about magical possibilities of machine learning for financial markets. The objective is to show that normalized inputs of any set of symbols can be learned by a neural network.

This strategy has two trading modes: "False_hope" and "Reality".

Start the advisor on one chart of any symbol. Regardless of your current chart, the advisor always trades all its symbols from one chart.

The "False_hope" trading mode draws a very nice historical picture while trading different symbols. High profits, low drawdowns, almost perfect entries - it is the best strategy from your sweetest dreams. The trick is that this mode is there to show what an overfitting actually looks like. An overfitted neural network cannot make new decisions. However, this is the most important thing! A neural network should be able to make new decisions in new situations. Despite a magical growth in a historical chart, this mode cannot win beyond the training period.

The "Reality" trading mode is what the truth looks like. The market does not repeat itself. You can only find very basic moves in the Forex history. You can only see regular fluctuations in long periods. Despite a mediocre historical chart, the "Reality" mode has the highest chance of winning beyond the training period.

But what is it about anyway? The users test strategies on history, they see a low drawdown and a high profitability and they choose and buy those strategies whatever the price. The users refuse to accept that a nice historical chart is an overfitted strategy which will not be able to make a profit beyond the training period.

Hey, geek, you wrong! Look, there are so many strategies out there, which do show a profit! An overfitted strategy has a high value of loss. The higher is the loss, the higher is the cost of one single error. An overfitted strategy works and makes a profit for 1 month, 2 months... and then oops, a complete disaster.

A strategy, which is properly trained, has a value of loss in the unknown period not higher and not lower than the value of loss in training. In other words, an ugly chart is not due to a bad strategy. It is impossible to train a strategy any better. This is it. Impossible.

Some users do not want a profit on Forex. They want a hope, like a lottery ticket. They want to rejoice for awhile with this hope, and it will feel so good. I understand it. Switch on the "False_hope" mode, it will help you rejoice.

Some users can't stop believing that a nice historical chart will make them rich faster than lightning. I understand it, too. That is why I made the "False_hope" mode: to show that my strategy can draw a nice historical chart.

So can it make money or not? Yes, it can! The "Reality" trading mode has the highest chance of making money on future expectations.

Recommendations

• Chart EURUSD D1
• Deposit 250 USD (1000 USD is even better)
• Level of hoping = Reality
• Trades per signal = 4
• Volume 0.01 per 1000 USD of deposit

Properties of the Advisor

• Suffix >> it can be handy for those who have symbols with different suffixes in their terminal. Most users can leave this field empty.
• Level of hoping >> "False_hope" delivers more trades in history, while "Reality" has the highest chance of making money in the future period.
• Trades per signal >> max number of trades for a similar signal. If a signal repeats, the advisor keeps opening similar trades until it reaches the max number.
• Take
• Trail
• Volume >> volume per trade. Fixed volume (example: 0.02) or percentage of available funds (example: 0.015%). The EA prints the real volume on the "Experts" tab when starting or changing the timeframe. Always use a fixed amount for accounts that use a deposit currency other than the US dollar (i.e. euro, yuan, bitcoin, Australian dollar, etc.).