I will tell you the procedure to create EA (Expert Advisor) on 2/21 (Wed).
This is Reiwa's double-EA from the EA developer.
This time, I will teach you my "steps to create an EA."
The logic of an EA is a black box, but
that would only breed anxiety about the EA,
making it difficult to use with confidence,
so by teaching you the "steps to create an EA,"
I hope that users will gain a little familiarity with EAs.
◾️ I used to be a discretionary trader in the first place
My EA is based on a "discretionary trading method."
What I aim for in an EA is,
to be based on a
“discretionary trading method,”
“logically sound in reality,”
“a rationally constructed logic,”
and so on.Therefore,
not a mere numbers-fit
where you casually mix technicals
and optimize parameters, and it goes up only—the right way?
…I won’t create it like that.
The following is content I wrote in past personal newsletters.
This is Reiwa's double-EA.
One of the steps I use to make an EA is
to put it simply
① Leverage the know-how from the discretionary era
② Try to view live price movement as much as possible by opening the chart
Since I rose from being a discretionary trader,
increasing the time spent looking at charts is important.
Similar chart patterns appear often, but
they are not exactly the same as in the past,
so even a slight difference can trigger new ideas.
And when you have an idea, you convert it into an EA and test it.
Besides the charts you were watching, you also try on various currency pairs and timeframes.
So basically, it starts from a discretionary-based method that is logically sound.
Also, you may gain more usable experience only after backtesting as an EA.
If you try to look at charts for twenty years when an idea comes to you, it would take an enormous amount of time, so
this is a field where the EA excels, so I leave it to the EA.
In broad terms, the flow is: build the logic, optimize the parameters, and finally adjust fixed-pips parameters such as TP and SL.
Yes, TP and SL are adjusted last.
It is all about the logic first.
If you set things like “TP at 50 pips and SL at 25 pips” first, and then build the logic,
I have never been able to create a consistently rising EA this way.
You might find this surprising,
even a 3-pip take profit tends to produce a downward slope.
Even if it’s just 3 pips.
from the high-volatility era of 1 USD = 150 JPY during the Lehman Shock erato the low-volatility era around 2011 with 1 USD = 75 JPY,
in various market conditions,
it is impossible for fixed-pip parameters to win in every period.
Therefore, adjusting fixed-pip parameters should be done really last and only as a seasoning.
First, focus on the logic in development.
See you again!
