What EA you use?

[Lee-me]

Hello everyone,
What EA you use? is it good? How does it work?

 

[AlexOZ]

My own. I wrote it for mt4 to test different trading strategies. I can assign multiple indicators to define different rules for opening and closing buy or selling orders as stop loss settings, risk management. Helps my backtesting.

 

[Lee-me]

My own. I wrote it for mt4 to test different trading strategies. I can assign multiple indicators to define different rules for opening and closing buy or selling orders as stop loss settings, risk management. Helps my backtesting.

That's cool. So, does it work properly? any cons maybe?

 

[TomDominic]

Hello everyone,
What EA you use? is it good? How does it work?

It depends and also it varies ...i have never use one but iam trying to build one .i belief it works well as in it do away with emotions that always interfere with tradings.

 

[AlexOZ]

That's cool. So, does it work properly? any cons maybe?

Yes, and thank you for asking, in back tester and on accounts, if I want to use in a demo or live account. It's best use so far is in backtesting. I'm a self-employed professional programmer who has written business web and mobile applications for clients over many years. My learning here was understanding how the internal functions of mql4 work. I wanted an EA that allowed me to define entry and exit rules for buying and selling with both internal indicators and any extra features I added like 'Waddah Attar Explosion' and 'Regression Line'. It is very powerful and flexible but still a work-in-progress. I also include a full risk management feature to determine safe lot sizes. I may commercialise the final result. I like testing indicator combinations in the unfriendliest market conditions. Any technical trading plan need rules for entering good trades and avoiding bad ones and (most importantly) exiting trades. Thanks again, Alex

 

[TomDominic]

And plzz ,,,can i trade many pairs like even 7 with one EA at the same time with one devise .!?

 

[AlexOZ]

Simple answer is yes. One of my EAs applies its buying and selling strategies to every currency pair in my watch list from the one instance. In coding terms, you need to start referring to specific currency pairs and not just the one in the current window. So, in MT4 for example, instead of using 'Ask' you would you use 'MarketInfo(...the currency pair...,MODE_ASK)' where you fill in the correct currency pair or symbol. HTH Alex

 

[fx_automation]

Barber Trader from MQL5 Market.

 

[grantcause]

What EA you use? What @AlexOZ said 🙂 I too code my own. I don't use any indicator / EA I cant see the code for.
Is it good? I think so but I am always improving on it.
How does it work? Its a multi-time frame, multi-symbol EA that I use to develop trend following algorithms, specifically NNFX with my own nuances to that method added to it but these can be turned on and off as needed. The EA lets me code multiple algorithms and test them out in the MT4/MT5 Strategy Tester.