Forex Automated Trading

Automated Trading

Some believe in fully automated trading but some don't. For me, currently i still prefer a semi automated trading, it is good when I decided to hold a trade and let the program "monitor" the trade for me. (can be done only on MT4 platform).

Of course, I'm one of those who believed automated trading does work (But not those selling in the market). To me, as long as you have a good strategy and it is programmable, then logically speaking, it should works. Am still trying hard.....

I've been trying to come out with a program that is able to fit into my strategy (not fitting strategy to the program). I've been working on it since one year ago....how's the progress so far? I would say each revised version kept improving, but still have not reach the standard of what I wanted yet. Other than strategies, I'm also trying to add in some money management to further enhance the performance of the EA.

How is the result so far?
So far, backtesting has been showing good and very good results. As for forward testing, some of them are not as consistent but some of them are still doing good so far. I will let it run for a longer time to ensure these EAs are really performing before trading live using them (but with care).

I'm currently working on some trending and scalping EAs. Some of the results are quite pleasing, but I need longer time to ensure it is working consistently. Still keeping my fingers crossed.

Summary
I've been doing back testing and exploring on EA for slightly more than one year, I've found out that other then the strategy, there are few areas will affect or determine the accuracy of the results:

1. Broker's Currency Spreads - Wider spread will affect results, esp. the scalpers EA.

2. Accuracy of historical datas - Inaccurate datas will distort the actual results.

3. Indicators - May not advisable to purely depend on indicators for entry as it may be too lagging and the readings may differ between each broker.

4. Time of Brokers - Esp. on H4 and daily chart, the bar opening time differ between each broker.

5. Length of test - The longer the length of test, the more stable it will be in a long run.

There are more factors that will affect the results and these are the few main areas that I gather so far.