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Attached is a random entry ea that was post on another forum this looks like a good project for the talented traders and coders to get their teeth into.
Step 1 would be to add MM parameters (i.e. position sizing based on equity, and a customizable martingale progression, TP & SL params). Possibly a time filter, too.
Just a thought.
MM
Otherwise, it's like playing a coin flip... no edge.
This EA is actually a very good exercise to becoming a good trader. Because if you really believe in that the market is random, then random entry should not matter. And I do believe many times, the market is very random, just not 100%. But majority of the times, it is.
And I also believe that you can have an EA, and you trade it both way. So you buy and sell at the same time, you can still be profitable on both the long and sells. The secret is money management or trade&risk management. Personally, I subscribe to the trade&risk management over money management. It's basically the same thing just different approach.
__________________
Life is a Gamble. You win some. You lose some. And life goes on.
This EA is actually a very good exercise to becoming a good trader. Because if you really believe in that the market is random, then random entry should not matter. And I do believe many times, the market is very random, just not 100%. But majority of the times, it is.
And I also believe that you can have an EA, and you trade it both way. So you buy and sell at the same time, you can still be profitable on both the long and sells. The secret is money management or trade&risk management. Personally, I subscribe to the trade&risk management over money management. It's basically the same thing just different approach.
I'm with you money and trade managment are similar but trade managment is the most important imho ie your exit. I would like to see this with a hedge. it might be fun
I'm with you money and trade managment are similar but trade managment is the most important imho ie your exit. I would like to see this with a hedge. it might be fun
Gidday right I have gone back to the drawing board and created an EA that has both random entry and exits very interesting, there are a few problems that I'm stuggling with.
the ea open both the buy and sell on the same bar how do I change that.
Could some wiz kids please have a look and make some suggestions as to what i have done wrong
Cheers
Beno
Last edited by Beno; 12-07-2008 at 04:14 PM.
Reason: added include files
Thanks for that but it's not quite what I'm trying to do I am trying to create 2 systems in one, one for the buys one for sells but both with random entry and exit sort of like a random hedge. since I'm crap at coding i'm finding it quite difficult on this one
EA trades now random with sells and buys. Back testing gives inconclusive results since the seed for the random generator is the local time which is modeled, so its always the same results.
Linear Mode
