Friday, January 23, 2009

Trading with Expert Advisors on Metatrader

I am currently working on a brand new Expert Advisor, which I am extremely excited about. This EA will be quite different from my "5 Gold Coins" auto-trader, as it will offer the ability to capture many more trades and is also much more customizable. You will be able to trade based on the time frame of your choice between the 15 min. all the way up to the daily time frame.

The new EA is also MTF in that it will be comparing a variety of different criteria over different time frames to capture trades. The only downside at all is that the EA will not be able to be backtested. It analyzes live market data, so it can only be forward-tested. Of course this is the best testing of all, but it will take a while to build a history of results.

Stay tuned as I will most likely be looking for some testers that want to help me forward test this brand new product!

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