For those of you who have followed me in the evolution of Agility Trader and Agility Trader 3 right back since the days of Traders Gift, you realize that I set out to provide tools for you to automate your own strategies and I have encapsulated many of your suggestions. Perhaps the most brilliant suggestion came from a couple of traders (albb205 and liovannix) who suggested that I include the ability to read third party (User) indicators.
My own personal emphasis has always been on Money Management and to this day I remain totally committed on this matter. My own attitude is that technical indicators have little effect in market behaviour which is mostly driven by Fundamentals over which we have no control. We do have control however over our own money and that is why an EA is so important in removing the emotion. There are quite dangerous times in the trading time table around significant news releases which affect the market and the prices can fluctuate wildly, take out your stop losses and then proceed in the direction of your prediction albeit with your trade already closed. So I don't advocate trading around significant releases. That can be achieved simply by deselecting the Autotrade button and manually closing any open trades.
No doubt most of you were aware of my HitchHiker series of posts (link on right) where I discussed the process for trading profitability. There is no holy grail, no magic combination of technical indicators and most EA's fail the test of time because market behaviour is constantly evolving. Who would have predicted market behaviour since Donald Trump was elected President. For my own part I have continued to trade, avoiding News and carefully controlling my money flow. In fact over the last few years, I have really shifted my focus away from the technicals and concentrated on the big picture of the economy. Nevertheless you cannot teach experience and you must continue to learn and educate yourself.
What this has all boiled down to is that I now concentrate on 4 tried and tested indicators for support and resistance and continual backtesting and optimization. I recommend only ever using the most recent 3 months of data and update my parameters every month and this results in my offering to you -
Four EA's with a large emphasis in money management
* Relative Strength Index
* Weighted Moving Average (this indicator is very similar to the NonLagDot user indicator)
* Parabolic Support And Resistance
* Commodity Channel Index
All come with optimized set files from tick data over the last 3 months and trading on 60 minute charts. The optimizations alone have taken around 60 hours and I have included an example set file in this email to demonstrate just what has been optimized. All the set files have the results of the optimization but more importantly have all the parameters selected and data ranges nominated.
All the exits are by Stop Loss (automatically trailing ) or by Take Profit. I do not advocate using reversal signals. The fully commented source code is included with all the EA's and provides a great learning tool. The tick data (all of 2016) is included for download already converted to FXT format so that you have 99% accuracy in backtesting. (there are 3 files AUDUSD EURUSD GPBUSD each about 150mb in zip form) and includes a video explaining the process in full. It includes details on obtaining tick data and converting it to FXT format without purchasing any software. This information alone is worth more than the cost of the EA's. All the optimized set files (12) are included and have been set up with their own individual Magic Numbers.
Regarding money management, the link on the right says it all -
Also please do not under estimate the cost of trading and that is why I have selected only the 1 hour timeframe. (The EA's can be used on any timeframe however they would have to be re-optimized). You must be proactive with these EA's and on a monthly basis redo the optimizations. All the process is fully explained in the video. My own preference is to run the 12 set files (3 pairs x 4 EA's) as a basket of trades and to cease all trading when a daily profit level is achieved.
The total cost of the package is USD $40 (that is $10 per EA) using the [Purchase] link on the right.
[Free Trading Data] is now available at the link above.
Here is the important point - Extra conditions can be added to any of the base EA's for $20 per condition and that includes User Indicators so you have your own backtestable personalized EA. If you would prefer to use your own indicators just purchase the base package and advise me of your own indicator(s) for an additional $20 per indicator.