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Automated Traders Community

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6 contributions to Automated Traders Community
Multi Symbol EA
Hi, I coded a multi-symbol EA and use it for Forex pairs. For Money Management you can choose between either fix lot sizes or risk adjusted lot size. I would like to extend the code to run the EA with other instruments like stocks, indices and commodities, simultaneously. For this I do check the lot size calculation based on the specification for each instrument (min, max lot size, lot step, etc.). What is your opinion? Do you trade different instruments in one EA or do you have different EA for different instruments? What are the pros and cons?
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New comment Aug '23
0 likes • Aug '23
Yes, exactly. The EA is just a container for all my strategies it does not provide any common logic or behavior. It has input parameters to include/exclude specific strategies or symbols nothing more. For backtesting individual strategies I use a different EA as runner that provides all possible input parameters for that strategy. As soon as I found a working setup I add it to my collection ea where I can test it in combination with my entire portfolio
0 likes • Aug '23
So far not. But i am not sure if this makes sense. If a strategy is not allowed to open positions because another strategy was faster, that maybe operates on a smaller timeframe, I can forget my backtesting results. Some of my strategies have a open position limit implemented as a filter but this includes only positions opened by the strategy itself. For now I only try to ensure portfolio quality by backtesting them in combination. I usually test bunches of 12 strategies together and exclude the ones which create too big drawdowns. With more than 12 strategies the test execution takes too long because of exponential increasing amount of combinations.
Hello Pairs Traders!
A big thanks to Renè that I got invited into this group. I am working on EAs and Indicators now since 2018 and hope to find people who share the same passion for trading like I do. Currently I am working on a pairs trading system which is using cointegration and other additional methods to find good trading opportunities. It would be great if somebody here in the community has got experience with systems like that. The system is much more complicated than a standard EA which is working on just one Symbol. At the end, it shall scan for setups automatically though all available symbols. I am willing to share the current project with a skilled at that area trader or skilled MT5 coder. To be clear: I am not selling anything to anybody. A cooperative partner is what I am looking for, just because working on something together makes the development phase much more faster and gives more fun to it too. I do speak English and German.
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New comment Aug '23
0 likes • Aug '23
Hi Timo, I have no experiences with cointegration and even we share the same passion I might not be a worth partner for now. But the topic of sharing code and especially working together on the same codebase is an interesting topic that was not discussed here so far. I think this would also be worth to be covered by Renè's school. I have my complete mql5 workspace on GitHub and share this code in all my meta trader instances running on multiple virtual servers. It also helps reverting changes or working on multiple versions of a trading system. A quite advanced topic for newbies in software development but something I would say is a must and timesaver at a certain level.
0 likes • Aug '23
Yes, I studied software engineering and work in that business since 2010. But my job is not in the financial sector also the tech stack is quite different.
Index, commodity or currency
Hi guys, what are favorite symbols for automated trading? It seems that Renè mostly runs his strategies on currency pairs. Even it would be great for my own diversification, but all my strategies do not run so we'll compared to indices. The US100/Nasdaq100 is always outstanding. It would be interesting to know if someone made exactly the opposite experience. I can imagine that all those martingale and grid systems work better with currencies because they are less trending.
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New comment Aug '23
2 likes • Aug '23
Thanks Jacoob for your detailed answer. I am using Admiral markets as my broker and so far I am happy with the data provided by it. At least for the past 10 years in the major symbols. I start with my trading system quite similar. I normally do one additional step with a new trading system. I also run it with a decent amount of combinations on one of my favorite symbols. Then I pick a representative result and let this run on my entire watch list. Only if it produces similar results on other symbols I give it a chance, otherwise I do another iteration on adjustments or forget the idea.
Next YouTube Video!?
Should I make another mql5 EA review and which one should I look at? Comment below
Complete action
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New comment Aug '23
1 like • Jul '23
Just an idea, but what might be really valuable would be review sessions of our own EAs. Not only backtesting results but also the code. Of course not on YouTube but getting another opinion on the stuff we build might bring in some new ideas and improvements. On the other side seeing how other people are writing their EAs can also bring in new ideas and even Rene might learn something new.
Hi and First question to community :)
Hi, I've learned everything from your great yt Rene :) Since I've done a couple of EA's, there are some common pitfalls in implementing and improving them. Can you Dear Community share some thoughts on how to: 1. Set TP. Not as a straight line, but what do you do to let your transaction grow and prevent reversal? My best option so far is trailing SL with ATR attached. 2. How to prevent EA from playing a place in time when the used approach is not the best. When you see ups and downs in strategy year by year. What can we implement to prevent consequent losses? Denying of playing similar entry levels, or using MA wasn't the best option for me, but best from all I've found. I aim with this question to just find the direction of what to look for :)
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New comment Jul '23
Hi and First question to community :)
3 likes • Jul '23
Hi Jacoob. I can only tell you my own experiences regarding your first question. I was playing with a lot of trailing stop approaches. Indicator based and also my own inventions. I found the "chandelier stop" indicator best working in my own strategies. It also acts as a good filter. Also worth to try to use this or Supertrend indicator as trailing but in an upper or lower timeframe that you use as a positioning signal.
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Manuel Lilienberg
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12points to level up
@manuep-lilienberg-1802
Software developer and wannabe day trader

Active 461d ago
Joined Jul 18, 2023
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