Statstical Forex System — Example MT4 Expert Advisor
After saying so much about the statistical Forex systems, I think it’s time to give an example of one. But first, I have to warn that this exert advisor «as is» wasn’t profitable during tests — it had its losses and gains, but spread losses took over eventually, so I can’t suggest using it on your real money account. This expert advisor is good only as an example of an actual statistical Forex system. It uses Tom DeMark’s pivot points calculated over the last 5 bars, which are then normalized by subtracting the current Open price. I used it on EUR/USD H1 chart, but I believe that it can be used on any other currency pair and timeframe. It consists of two .mq4 files:
The first file is StatGathererExample.mq4 — as it appears from its name, this MetaTrader EA will only gather statistics. Run it via strategy tester on a 1-2 year history period (it doesn’t have to be a good quality history, because it has nothing to do with price ticks, and uses just your OHLC data from bars; just be sure to have enough bars in your chart). This EA gathers statistics over a period of time and stores it to MapPath file («rl.txt» by default) in your /tester/files/ directory. Copy it to /experts/files/ for further use by the actual expert advisor.
And the second file is StatRunnerExample.mq4 — this EA is used for the actual trading and on-the-fly statistics gathering. This EA uses MapPath file («rl.txt» by default) from your /tester/files/ (for strategy tester) or /experts/files/ (for actual use) to get the initial statistics. It also continues to gather its own statistics and appends it to the initial file, saving it after deinitilizing.
You can freely use these examples to construct your own statistical Forex systems. I am also currently developing a statistical expert advisor that would be profitable and I promise to share it after the testing period.
Tags: download, expert advisors, Forex system, MT4, statistics
September 19th, 2008 at 3:20 pm
Interesting idea. But I don’t want to get into Expert Advisor search mania. I already have a profitable EA and I don’t want to try anything else. Can you comment this product: http://expert-advisors.charmforex.com/index.php?pg=product1
I don’t know why download is not available, but what do you think for statements?
September 19th, 2008 at 3:34 pm
forexmaster, Strategy tester statements are easy to forge. I wouldn’t judge about the PAID EA by those statements.
October 3rd, 2008 at 9:09 pm
Hello Sir
I can see you are a professional and respectable man
I wait your latest StatRunnerExample you promised us to share it please can you hurrying to make it or can you send it by me E-mail
I wait your response
Thanks
Louay
October 3rd, 2008 at 11:06 pm
Louay, You could have already downloaded StatRunnerExample. It’s available through the links in the post.
November 8th, 2008 at 4:26 pm
Hi Andrei, I have been looking for a way to back test an EA that trades a group of currency pairs, rather than just one pair (sort of a hedging strategy). Unfortunately, MT4 strategy tester does not support using more than one pair in a test session, for either trading or even data gathering, which would be necessary to logically test the strategy. Your Statistical process, i.e. using multiple testing sessions to gather the data and a run of some kind of trade simulator (whether a MT4 program or an altogether external program to simulate trades and collect profit data), appears to have the potential to help resolve this problem. What are your thoughts on this subject?
Thanks for you time.
Bill
November 8th, 2008 at 4:57 pm
Bill,
I’d suggest using strategy tester only for gathering the statistics. You can run it several times -for each currency pair you need. Then you’d incorporate all that data and run your multiple currency pair EA on MT4 demo - it allows multiple currency pair trading. Why bother with the back-tester for the statistical strategies anyway?