Artificial Intelligence Forex expert advisor uses a very simplistic imitation of the neural network to produce buy and sell signals and trailing stop losses. It is not a real neural network, because it doesn't learn from market, instead you need to optimize it to the market to set the most fitting parameters. Its perception function uses the Bill Williams' Accelerator/Decelerator oscillators, which are weighted according to the set parameters. Expert advisor also performs checks for available free margin to stop trading if it is bankrupt.
My test of Artificial Intelligence MetaTrader expert advisor resulted in $1,700 profit using GBP/USD pair on a one-hour chart using just 0.1 standard lots. It was achieved on standard $10,000 account in a one year period, with insignificant $20 maximum drawdown. This expert advisor was also checked on a three years period and its performance showed the same proportional gain.
What are the stop-loss and take-profit used by this EA?
It uses 80 pip stop-loss, but doesnt use any take-profit. It also uses a trailing stop-loss for its orders. The average winning trade is about 71 pips, the average losing trade is about 82 pips.
How often does it trade?
On hourly GBP/USD chart (the optimum settings) this EA will trade 17-18 times a month on average.
This EA is ECN-compatible. You must set ECN_Mode input parameter to true in order to enable ECN-compatibility for this expert advisor. Otherwise, you will most likely be seeing OrderSend Error 130 messages when EA will be trying to open positions. This is because, if you are trading with an ECN broker (with market execution for orders), you cannot set SL/TP on position opening. You have to open a position first without SL/TP and only then modify it, adding stop-loss and/or take-profit level.
Warning! Before you ask any basic questions regarding installation of the expert advisors, please, read this MT4 Expert Advisors Tutorial to get the elementary knowledge on handling them.
Do you have your own trading results or any other remarks regarding this expert advisor? Discuss Artificial Intelligence with other traders and MQL programmers on the experts forums.