EA Builder – how to choose one

EA Builder – how to choose one


ЕА builder – the solution in algorithmic
trading. EA builder is a software by which the traders can automate trading
strategies as Expert Advisors without any programming skills. Normally the
traders start looking for EA builder once they want to automate their trading
strategy. Unfortunately most of the time the reasons are: they bought Expert
Advisors but they are losing money; they failed to automate strategies by hiring
a developer; they don’t have profitable strategy and need to generate strategies
with EA builder. This is actually what we see most frequently from the people
looking for our EA builders and trading courses. And, this is very normal since in
the Forex and binary business there are many scam companies. Not only from
brokers but from developers who promise to update your strategy after you buy
from them, or sellers showing false results. There are three things that you
need to know when you look for EA builder. The EA builder needs to have a
generator and strategy editor. This means that if you don’t have ready
strategies to automate, it will generate you ready strategies. And, a strategy
editor is needed in the opposite case. Tools for robustness test are
essentially important. Once you generate or automate your strategy, you need to be
sure that you did not over optimize that. And this is one of the common mistakes
that beginner traders do. They optimize the strategy as much as possible because they like to see bigger profit. And, once they put it on the live account it
starts losing. Monte Carlo and multi markets are very good tools exactly for
testing the robustness of a strategy. This way, the strategy is being tested
before even being on the trading platform. Much better to fail on this
stage on a life account. After choosing EA
builder, you need to make sure that the results it shows are real. How can you do
that? Import data from your broker and run some of the strategies that you have
created over the data on a demo account. After you have the first trades open, add
the new data to the EA builder. See if it will show the exact same trades as
they were executed in your trading platform. If they match, you can rely on
that EA builder. Let’s have an example with the EA builder Forex strategy
builder professional. What you see in front of you, is the Editor where I have
an example strategy for USD/ JPY on M1 chart. You can see here is the balance or
the equity chart. This is very good example of a smoothing profit line. Most
of the time, when you buy an Expert Advisor, you will see a straight line
where it shows, this strategy didn’t have any losses. And, this is absolutely
impossible. The people who are selling this Expert Advisor, they over optimize
it, in order to receive this perfect equity line. So they can sell their
Expert Advisor to more people. Obviously every strategy has losing trades. What we
are focused on, is the account statistics. There are very important parameters as
the profit factor, Sharper ratio, system quality number. Profit per day is
something that depends a lot on the lot size. So for example here I’m using 0.01
Lots and you can see my profit per day is 1.88 dollars. But if I increase it
let’s say to 0.1 lot size, maximum position amount to add let’s say 0.3. You
will see what is the difference. My profit per day is $15.49. So this statistic profit per day, depends a lot on the
volume that you’re going to trade with. Now over optimization comes with
optimizer. How to avoid that I explained very clearly in one of my courses – Forex
strategy course portfolio trading with 12 Expert Advisors. So there you will
see exact methods how I avoid the over optimization. And I will just share with
you one of the methods here. When you use optimizer, doesn’t mean with which EA
builder or with Metatrader you have the option step. So for step I always use
round numbers. As round numbers I consider 5, 10, 15, 20 and so on.
For example if I want to optimize the Vidya Moving Average, I would place
minimum of 10, maximum of 50. The step I would choose 10. So this means that the
optimizer will choose only between 10, 20, 30, 40 and 50. If I leave it to one it
will start from 10, 11, 12, 13, 14 up to 50 which will allow the optimizer to create
too many variations of the strategy. And, it will find the best parameters for the
strategy to show you the very good or even perfect profit line. Obviously what
happens after, when you place such a strategy that is over optimized with the
EA builder on the Metatrader platform. It will start to lose immediately. Forex
strategy builder professional is an EA builder that we have been using in the
EA Forex Academy for quite a long time. It has many opportunities from importing the
historical data with very precise details for the currency. As you can see
here I have spread, swap and as well I have 300,000 data bars for M1 chart. Which for me is as I call it the golden middle. We
are looking to create strategies over long historical data but not that long.
In this case for M1 I’m having the historical data from 2017, 6th of April
till now. So this is just a little bit more than one year. Many people are
optimizing the strategy or they’re generating strategies over huge
historical data, like 5 to 10 years. And, most of the time what you will see is
that your profit per day will get lower. So as more historical bars you’re using,
the more stable strategy you will get, but your profit will get lower. And of
course, markets are changing. So we don’t want to base our strategies, our Expert
Advisors on historical data 10 years ago. If I go to the generator, you can see
that I can unlock some of the indicators. Which means that while generating
strategies, these indicators will not change. They will stay as a constant in
the strategy and it will add just additional filters or additional
indicators to make the entry stronger. What is the thing that makes Forex
strategy builder professional? Number one I can say when it comes to generator, is
the possibility to have any of the indicators on a longer time frame. So you
can see here long time frame default which means it is for M1. But if I click
on the MACD and I scroll down, you will see that it is used on M30 chart and
the other MACD for this strategy is used on H1 chart. So this means that the
strategy trades on M1 chart. But it has these two MACD indicators to confirm the direction of
the major trend on M30 and H1. And as well, when I’m generating strategies, I
can lock these indicators. And, basically this is one of the best methods for me
to generate profitable strategies, using longer time frames. As well, Forex
strategy builder professional, is known with its custom indicators. So there are
the indicators from Metatrader but as well, the trader can include custom
indicators. Forex strategy builder professional comes with 14 days free
trial. And, if you click over it on our website www.eaforexacademy.com you can see the download trial button. And, you can install it on your computer and test it
for 14 days. There are the free videos from the developer Miroslav Popov, who
explains exactly how to use each feature in the EA builder. The next EA builder
that we are currently using in the Academy is EA Studio. It is web-based EA
builder and you can run it simultaneously on couple of browsers. It
has the generator which works extremely faster. If I click on start, you will see
what is the speed of the generator and it works extremely faster than the Forex
strategy builder professional. This is because it uses only the indicators from
Metatrader and this makes its work much faster. As you can see I already have
strategies generated. When a strategy is generated, it goes to the collection and
you can see each strategy parameters when you click over. As well, there is the
indicator chart in the EA builder, which makes it very useful. So you can see
exactly where the positions were open. The MonteCarlo tool, is the robustness tool, which allows the trader to test the
robustness of the strategy before start trading with it. As you can see, it
performs variety of tests that you predefine for market variation,
execution problems or strategy variations. With this example strategy,
you can see that all tests pass the validation for randomized history data.
The multi market is another very useful tool, which shows the results on the
other markets. So if you have created with the EAbuilder, EAstudio strategy
for EUR/USD on M15 chart, you can test how this strategy will perform on
the other markets. If I click on start you will see immediately that this
strategy fails on the other markets. Of course, this doesn’t mean that this
strategy will fail on EUR/USD as well. The optimizer tool in EA Studio
works as well very fast and it’s very reliable. Now the important thing as we
said, is to compare if the results in the EA builder show same trades as on
Metatrader. So you can see in the journal there is the statistic for all trades
open. So if I run this strategy on Metatrader, after exporting it as an
Expert Advisor. And this happens from editor and on the right up corner there
is the button Expert Advisor. You choose whether to download it for
Metatrader 4 or Metatrader 5. So what you can do is you can export this strategy,
this Expert Advisor, test it on demo account. Then refresh here with new
historical data for the EA builder. And, compare if you will have the very same
entries and results. Of course, we have already done it, for this EA builder and
the Forex strategy builder professional. We saw that it shows exactly the
same trades and the same results. This way, we know that each strategy that we
built with this EA builder, would have shown the very same results on
Metatrader. So these are the two strategy builders that are included in our
packages. And, if you’re interested in any of those, you can drop us an email. If
you are already our student, you will receive a discount from the Forex
software company. Thank you for watching. Cheers.

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