What I said in the previous lecture is that the more count of trades we have, the more robust strategy it will be. Common Acceptance criteria Profit factor is a must in the Acceptance criteria Every time, minimum of 300 or even more, I go to 500. Usually, I go with Minimum count of trades.
#Expert advisor generator generator
We have the range for the Stop Loss and the Take Profit and we decide if we want to use some preset indicators or not.Īnd very important, at the end is the Acceptance criteria, which allows us to set some rules for the strategies or to filter the strategies that the Forex Expert Advisor Generator will show at the end in the Collection. It creates strategies based on the historical data that we have imported for the symbol, for the timeframe we want. Really cool thing but I’m not going to use it in this course and in this example of generating strategies. So basically, the generator will use this indicator and will add some more, will add the Stop Loss and the Take Profit to build the strategy for you.
![expert advisor generator expert advisor generator](https://kajabi-storefronts-production.kajabi-cdn.com/kajabi-storefronts-production/themes/1617886/settings_images/k1gc1DbGTEaosgf7gHHN_RsMrCbYS1uM9MDUfwLFi_generator-input.png)
It will be in all the strategies that the Forex Expert Advisor Generator will create. And this indicator with this rule, with these parameters that you have set, will be always in your strategies. It could be a different rule, MACD line crosses the zero line upward, for example. Preset indicators Acceptance criteria is how you will get only the best Expert Advisors Generator settingsĪnd if you add any of the indicators, for example, MACD, the Forex Expert Advisor Generator will always be part of your strategy and in every strategy you will have that indicator with that rule. You have the option to use preset indicators, which means that if you have a favorite indicator, let’s say MACD indicator, you can select it and add it or you can find it as well in Tools, Preset Indicators.
![expert advisor generator expert advisor generator](https://i1.rgstatic.net/publication/276496022_Evolutionary_Approach_to_Forex_Expert_Advisor_Generation/links/5abffb5b0f7e9bfc045bf46e/largepreview.png)
And by default, it was 4, but I just increased it a little bit to 5. And we have the option to select how many entries and how many exits we would like to have. Out of Sample is a great tool that I will explain just in the next lectures. I want to search best by Net balance, meaning that on the top, I will see the strategies with most profit. I leave it in the evening and in the morning I see the results. Now, it’s late in the evening and I will leave it working until tomorrow, and I will see what results I have. But let’s give it a little bit more this time, I will give it up to 720, which is 12 hours. Usually, I run it for 10 hours, which is 600 minutes. Now, in generator settings, we have the option to select how long we want the Generator to be working. Strategy properties Preset Indicators in the Forex Expert Advisor Generator And as well Take Profit, I always want to have one in my strategies. There is the option to generate strategies with trailing Stop Loss but I stick to Fixed. But I personally prefer to give the freedom of EA Studio to create the strategies with Stop Loss and Take Profit and to combine it with different indicators, and I keep it from 10 to 100.įor the Stop Loss, I will stick to Always use, so I will have always a Stop Loss for the strategies, and as well, I will stick to Fixed. It’s up to you if you want to narrow the range. So if I keep it from 10 to 100, it means that all strategies will have Stop Loss and Take Profit somewhere between 10 and 100 pips. For Stop Loss and Take Profit, we have the option to select the range. But later, when we put the Expert Advisors on Meta Trader, we can still change the lot. We can decide here with what lot we want to create the strategies. We select the symbol, the period, and then we have strategy properties.
#Expert advisor generator software
There is the Forex Expert Advisor Generator which is the best thing in the software because based on the historical data that we have imported, we can create new strategies. Hello traders, in this lecture, I will show you how we create strategies with EA Studio.
![expert advisor generator expert advisor generator](https://i.ytimg.com/vi/iQ--Q2WrdIw/maxresdefault.jpg)
Forex Expert Advisor Generator is all you need as a trader