I get these e-Ads for 4x-signals.com of their great EA's. So this is what I store here as the scientific questions (I sent this as reply to their ad) as to what the EA needs for us the consumer to be an actual viable run-able toward ongoing profit EA (believe it or not!
), if you like then use it to communicate with EA vendors, don't settle for the EA sales BS anymore!
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hi,
Been studying development of EA's, so am interested in what you have.
In order to qualify as a bonafide rock-solid real EA that wins more than loses despite market, it need.
1) Use C(-1) immediate closed C(0) bar or any other bar to "capture" static close-of-bar value to be used in the logic of EA.
2) Final logic locks-in the trade decision based on prior lines iof code decision making, this is to avoid any tick movement indecision after C(-1) bar is formed, as then captured static bar value is used in the logic code calculatuions with no effect by tick movement occuring afterward. This is what has back-test 100% replicating live running.
3) The stop loss parameter area must have two, one dynamic (open minus close value compared against "dynamic SL" setting) and one for major hard protection.
***The above is so the back-test/optimization precisely correlate with live, be certain, this is what does the trick!
4) Optimization is ok to arrive at parameters for 3 month back data. Ordinarily EAs might need weekly on 3 month data.
5) You've run and gottten proven similar kind of live$$ (not just demo) performance for a few months (gains vs loser rate as well as win/loss averages are similar live vs back-test similar)
6) Can NOT have any Martingale increasing lot size mechanism which spells eventual disastor!
(added 2-14/09): 7) No narrow tunneling type scalping during certain off-hours, as when brokers needs spreads these methods fall to pieces!
If you have done all this then you have an EA that works.
But I seriously doubt you have as nearly 100% of EA's are just a toy and not scientific reality.
But in the .0001% chance you have, please continue discoursing and how much?
jerry
