Automated Systems -any hope? :(((

[mosad2]

sorry guys my post is full of mistakes
sorry again I cant edit my post

[JohnJay]

I think that the challenge in trading is indeed looking for a system that works for you. When someone finds a system that works, they will keep it for themselves. If they have money, they will trade it on their own. If they need funds, they might want to work harder, try and get a professional trading job, write a book to raise funds or offer it for subscription, etc... but I doubt it very much if they will ever disclose it. They probably only disclose it after it stops working.

To those who found their own systems/strategies/methods that are making money for them, congratulations. Your years of hard work and patience are finally paying off.

[WmWaster]

Originally Posted by mosad2

sorry guys my post is full of mistakes
sorry again I cant edit my post

What did you try?
List them out so others will not fall into victims of these rip-off companies.

[Pip Trip]

You ever wonder why professional stock and futures don't use EA's? (most never hear of an EA). Very simple - you do this as career and watch the computer screen b/c most entries should be with discretion.

Dr. Elder says a plane can fly on auto but human intervention is most important through flight at many times.

One other is very important - forget about mini-account b/c this is just a beginning. Would you leave your house with a $25,000 acct. running on EA that always has chance of developing bug?

[demonfx]

I think that there are 2 types of (amateur) traders out there, the ones that love the markets and want to become a professional trader, and the ones that are looking for an easy system to get rich. I don't know if the latter is a successful path. I'm a pretty good programmer, and have written about 40 .mql and .mq4 experts, all of which ultimately lost money (even after successful back testing). I have left automated trading aside and now I focus on manual trading - and treat it like a business. The message here is, that before you can write a "sit back and relax while you get rich" expert, you must learn to be a fine trader. This thing requires a lot of work, and if you are passionate enough about it you can succeed. If your girlfriend doesn't understand then maybe you need a new girlfriend. Girlfriends only result in big drawdowns anyway

[WmWaster]

I don't know if the latter is a successful path. I'm a pretty good programmer, and have written about 40 .mql and .mq4 experts, all of which ultimately lost money (even after successful back testing).

How come this could happen?
Did you test the system thoroughly?
How many years did you use to test the system?
What's the performance of the system, including max/average gain/loss, drawdowns and so on?
Have you ever optimise your system for better performance?
What indicators do you use, existing ones or invented (your own) ones?

[demonfx]

I backtested in 2 ways. 1. using MT4 Strategy tester (always looking for a minimum 85% moing quality), 2. Manual backtesting (Up to 2 years). I didn't invest in Tradestation......

Every expert I ever wrote used combinations of fixed profits / limit orders / trailing stops etc etc. When tested on a demo account in "live" mode, most experts would have a few winners, but the string of losers would soon follow.

I have one expert that contains about 25 pages of code, with almost every variable you can think of in use, but still no good.

I started by creating an ADX type expert, then moved to Macd, stochs, ema's, ma crossovers etc. The most success I had was with mechanical systems - which is how I trade now but manually.

I'm not saying a winning expert cannot be written - but those who have are keeping tight lipped over it (and understandably so). Possibly a team of good traders who can code well could come up with something solid. If anyone out there is interested in this type of concept I would certainly entertain it.

[WmWaster]

Originally Posted by demonfx

I backtested in 2 ways. 1. using MT4 Strategy tester (always looking for a minimum 85% moing quality), 2. Manual backtesting (Up to 2 years). I didn't invest in Tradestation......

Every expert I ever wrote used combinations of fixed profits / limit orders / trailing stops etc etc. When tested on a demo account in "live" mode, most experts would have a few winners, but the string of losers would soon follow.

I have one expert that contains about 25 pages of code, with almost every variable you can think of in use, but still no good.

I started by creating an ADX type expert, then moved to Macd, stochs, ema's, ma crossovers etc. The most success I had was with mechanical systems - which is how I trade now but manually.

I'm not saying a winning expert cannot be written - but those who have are keeping tight lipped over it (and understandably so). Possibly a team of good traders who can code well could come up with something solid. If anyone out there is interested in this type of concept I would certainly entertain it.

So what're the principles of your mechnical systems?

How come it's not possible for you to code it successfully (as you said you trade this system manually)?!