Which is the best performance forex expert advisor? - article from selfgrowth.com

MT4 is widely used for Forex trading and one feature I personally like about metatrader 4 is the MQL programming language that comes with it. This programming language allows you to codes your favorite profitable trading rules into programs called expert advisor and let it run on your computer automatically.

Expert Advisor

MQL4 is basically a programming language that is similar to C and it is used for coding strategy into program. The program which can be set and run in MT4 are called Expert Advisor or EA. Expert Advisor is lines of codes that run on your forex trading account and simulator strategy tester is used to test the EA using historical price data. The results report from the strategy tester is used to fine tune the strategy and in order to select the best Forex trading program EA, below are some indices that need to be check.

Return on Investment (ROI)

This is a measurement of the price capital that you invested in your Forex trading with the profit return that you gains over a certain time which is a measurement against it. A 100% return over 1 year is a very good indicator that it able to give you 1 dollar profit to 1 dollar invested. When compare to bank saving account interests and stock market and unit trust, 100% return is many times better. For Expert Advisor, minimum 20% return annually is desirable. Any figures less then that is not worth your investement.

Profit Factor

This is calculated by dividing the total profit by total losses. A simple indicator but yet a powerful indices that show over all the time, how profit is the program. A profit factor of 2 means you earn 2 dollars for every 1 dollar you loss. Most program gives profit factor of 1.5 to 2. If you find software that gives more then 2 or 2.5, please grab them immediately. You will never loss out on this measurement.
Simulation period

Growth from 10k to 338k - 10day3 using EURJPY H1 timeframe

This Expert Advisor is from my Cook Book. If you are interested in getting this EA and many other 200+ EA, please purchase it USD$79 here.

Forex Automation has come a long way and this is just one of my many 200+ EA call the (BFR CB) Best Forex Ranking Cook Book, you can find out more about this and how to start in the trading journey start (click on here) here.

I did a simulator run with the MT4 Strategy Tester for all date and time. 

10days3.mql

H1 Time Frame 
EURJPY Currency

(Click on image to see detail). 

Summary of results

Initial deposit 10000.00    
Total net profit 338750.37
Gross profit 1453745.69
Gross loss -1114995.32
Profit factor 1.30
Expected payoff 256.43  
Absolute drawdown 3891.25
Maximal drawdown 48033.45 (32.09%)
Relative drawdown 63.70% (19212.99)

How to change profitable strategy into auto trading income - article from ezinemark.com

Winning Strategy

This is the most important portion in any Forex or Stock trading. You have to have winning strategy with rules and setup you follow every day in order to trade and earn profit from your trading. You may be using long or short term strategy on multiple currency and many different timeframe. In general, you need to have winning strategy.

Manual trade

Once you have a winning strategy, you have to try it out by manual trading. This portion of manual trading is more paper trading using paper money. Once you try a few trades, do review and refine your trading strategy and try again. Within weeks, you will have a refined trading strategy that works and gain profit for you.

Back ward testing

Next is back ward testing your strategy using historical data and chart. I would suggest at least back test up to 12 months of historical data to really fool proof your strategy. There are many Financial news through out the whole year which can affect the price of the currency and is important that your strategy can withstand those hugh trends and spike of price.

Code yourself

86k gross profit from Fapturbo4 USDCHF H1 with profit factor 2.23

This Expert Advisor is from my Cook Book. If you are interested in getting this EA and many other 200+ EA, please purchase it USD$79 here.

Forex Automation has come a long way and this is just one of my many 200+ EA call the (BFR CB) Best Forex Ranking Cook Book, you can find out more about this and how to start in the trading journey start (click on here) here.

I did a simulator run with the MT4 Strategy Tester for all date and time. 

Fapturbo4.mql

H1 Time Frame 
USDCHF Currency

(Click on image to see detail). 

Summary of results

Initial deposit $10k
Total net profit $47k
Gross profit $86k
Gross loss -$38k
Profit factor 2.23
Expected payoff 135.60
Absolute drawdown 345.58
Maximal drawdown 5466.60 (14.17%)
Relative drawdown 14.17% (5466.60)
Total trades 352

Applying simple moving average to your Forex automate trading

Simple Moving Average

This is one of the most frequently used indicator for charting any time frame. Simple moving average or SMA is actually adding up the total no. of currency price and divide by the total no. currency time frame. For example 10 SMA meaning 10 timeframe of the selected chart, add all the 10 currency price together, then divide by 10 to get the average, thus we call it simple moving average. All the weight age of the last 10 timeframe are equal.


9, 18, 50 and 200

Continuous SMA will show the trend for the currency for the last few designated timeframe. Commonly used timeframe are 9 and 18 together with 50 and 200. Both are used in pairs to show the short term movement and long term movement. Crossing of 9 and 18 SMA are commonly refer to start of a up trend or down trend, while crossing of 50 and 200 SMA will refer to end of a down trend or up trend.

SMA on high and low

This indicator can also applied to daily or hourly high and low prices. Especially useful when setting the profit target and stop loss when trading channel and trending market. With high SMA and Low SMA, you can easily see a channel of upper limits and lower limits. Similar to Bollilinger Bands but are average base on last few high or low price instead.

2.16 Profit factor from starting 10k EA using Ababy2 - USDCHF/H1

This Expert Advisor is from my Cook Book. If you are interested in getting this EA and many other 200+ EA, please purchase it USD$79 here.

Forex Automation has come a long way and this is just one of my many 200+ EA call the (BFR CB) Best Forex Ranking Cook Book, you can find out more about this and how to start in the trading journey start (click on here) here.

I did a simulator run with the MT4 Strategy Tester for all date and time. 

Ababy2.mql

H1 Time Frame 
USDCHF Currency

(Click on image to see detail). 

Summary of results

Initial deposit $10k
Total net profit $14.8k
Gross profit $27.6k
Gross loss -$12.8k
Profit factor 2.16
Expected payoff 122.74
Absolute drawdown 430.78
Maximal drawdown 2191.83 (10.37%)
Relative drawdown 10.69% (1176.58)
Total trades 121
Short positions (won %) 98 (83.67%)
Long positions (won %) 23 (69.57%)
Profit trades (% of total) 98 (80.99%)
Loss trades (% of total) 23 (19.01%)
Largest profit trade 764.33
Largest loss trade -1187.79
Average profit trade 282.16
Average loss trade -556.52
Maximum consecutive wins (profit in money) 13 (2305.13)
Maximum consecutive losses (loss in money) 2 (-869.54)
Maximal consecutive profit (count of wins) 4995.93 (9)
Maximal consecutive loss (count of losses) -1187.79 (1)
Average consecutive wins 4
Average consecutive losses 1

All trades comes with Stop loss and take profit. (click on below to downoad report)

Strategy Tester Report - Ababy2 - USDCHF - H1

Strategy Tester Graph - Ababy2 - USDCHF - H1

This is fully editable codes in *.mql format and its come with 200+ other EA that you can edit and run on your MT4 trading account.

All photo taken are actual screen capture from the MT4 simulator with actual Demo Live trading account from Forex Broker. Look out for the date simulated run on the light column and the trades executed date and time.

Get this Expert Advisor from my Cook Book now. If you are interested in getting this EA and many other 200+ EA, please purchase it USD$79 here.

How to select MQL4 Live trading result for profitable automated Forex Trading - article from seekingalpha.com

MetaQuotes Language 4 or MQL4 is a programming language that comes with Metatrader 4 (MT4). It is use to write and test Forex Trading Strategy that can run on computer to trade automatically. Most of the Expert Advisor (EA) are using this and many have successfully code into profitable program for their trading needs. I will look at some of the factors when selecting EA from live trading results.

Return on Investment (ROI)

This is an old term used in many investment projects and it is used to determine how profitable the program is. Comparing to Stocks and unit trust performance which is between 10 to 20% annually, Forex trading gives higher ROI of 100 to 200% annually. This is due to the leverage of the currency and the 24 hours trading features which makes it easy to trade and small capital of 1:200 leverage required to trade and hold. This in the case of stocks, can be option warrant or contract for difference, but the holding power is still much less attractive then Forex.

Leverage

Some Forex broker accound provide 1:500 leverage, which means you only need $200 to hold on to a 100k full contract or $20 for mini lot 10K or $2 for micro lot trading (0.1 of mini lot or 0.01 of standard lot). You can execute 5 trades while still have the margin to carry on and earn potential $2000 profit with a 200 pips gain (1% to 2% currency value) compare to $50 for a 5% gain in stock and share assuming 10K capital used for both trading setup.

Duration of Live trading