Best posts made by roar

@seb-0 said

When you are saying "the Sp500 and my EA are not correlated", do you mean 1.the behave of my EA on the Sp500 is uncorrelated to 2.the behave of my EA on any other instrument ?
Thank you tho

I meant just going long on sp500 and then using your EA to trade forex, for example. It is unlikely that a negative day on sp500 always happens same time as negative day with your EA trading EURUSD, for example. The return series are uncorrelated. In theory, having many profitable but uncorrelated investments will smooth out negative shokcs in the whole portfolio, giving you better sharpe ratio.

What do you mean, 3 trades? I havent used the % risk in a long time, should look into it...

@morad-dezhfard I would just start building, putting random blocks together and see what happens.

But there is also some documentation, youtube channels... @l-andorrà might also help you

A simple scalping EA idea in case anyone is interested.

Lets compare the difference between 13-ATR and 13-Standard Deviation on EURUSD M30 chart.
When STD is significantly below ATR, market is making large candles but not moving anywhere.
Here's our opportunity to switch to 5-minute chart and buy/sell using fast RSI.


Backtest from 2007 yielded surprisingly good result for such a basic system.

So you can view the project in the fxdreema builder? You know, you could just open 2 browser tabs with fxdreema builder, and then copy-paste the blocks. Probably still gives some errors but they are easy to solve.

Do it like this. The custom code block doesnt do anything if you dont save the result.

Oh, and dont put semicolon in this case.

@cdwilder1 yes, it's "relative" or something like that.
For example, if rel is set to 0.7, I can read the conditon as "standard deviation is not more than 70% of ATR".

You can build in both mql4 and mql5. There is an option to choose mql5 when you start a new project

@sktsec well its the general section, maybe its fine to ask such a thing.

But: EAs are run locally, the source code (the strategy) will never reach the broker. And even if the broker gets the source code, 99.99999% of EAs are pure garbage. No broker in the world can afford to hire 10,000 developers and financial analysts to go through the millions of EAs, finding the remotely good ones. It will never be good business for the broker.

@moemedi you can make 30 projects

Use the symbol parameter:

@TipsyWisdom said

ah ok, accounting for what has been said so far, I could also put all closing conditions, under a once per minute and it would also solve all this?

Yes, it helps. Basically, if you do your trading actions on open/close prices, everything is fine because metatrader usually has the open & close prices for every candle. Problems arise the moment you make trading actions at any fixed level (pending order, fixed SL, fixed TP, trailing stop) because metatrader might not have data exactly for the level you want.

@Paihdt you can do the condition like this:

@moon
Honestly, I don't know with mt4. With mt5 you don't have to.

Let me guess: the dynamic TP is the one factor that is utmost important for the EA. The moment you test using fixed stops, the EA plummets?

@sktsec there is a function, clicking on the "folder" will hide a section of the inputs list. I haven't got it working on fxdreema, though

@spicynote
Starting a new project:

Use these settings