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Automatic (mechanical) Trading Systems. Myths and reality.
I am looking for an EA with a smooth and upward equity curve throughout the last 3 years.
Customer's e-mail
If you are also captured with fairy tales of the of Holy Grail, if you believe that mechanical trading system which trades with profit for years and does not require any human intervention is possible, you have no chance
to earn money on Forex market or even repair your damaged deposit. Those myths are produced and supported by guys who in whole their life didn't make
a penny with speculation and the only way they able to produce some bucks is selling of those "sharks", "ATMs" and other garbage that work within
Metatrader Tester bounds only. Neither expert advisor could make a deep market analysis, select a profitable strategy and apply it delivering to its owner a pure profit and no losses. Such systems existence contradicts to a
free market functioning.
The only solution is using of permanently optimized trading systems for specific financial instrument and time periods. There is only one step from this approach to artificial intelligence (AI) and
in terms of AI this optimization is nothing but neural network learning process...
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Swimming or diving in the ocean, river or lake you know nothing about is dangerous. Before stepping in you must check how cold the water is, is there and how strong a stream is, are any visible whirlpools on a surface, did people meet alligators, sharks or other predators
there. Otherwise, you may die or get injured.
Opening a position on FX market is similar to entering a new lake or river. Even for a good swimmer a rip current or jellyfish attack might be fatal,
needless to say about inexperienced novice. Nothing strange that 90% traders die in
the very battle against market.
Rule 1
Identify a market condition, see where and how it moves. The market may be: bullish, bearish and ranging. Look at the daily (D1) chart with 21 period exponential moving average (EMA21)
to...
[read more].
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Miscellaneous. Old notes and articles.
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