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Author Topic: FX Autotrader Elite  (Read 126897 times)

Offline donnaforex

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FX Autotrader Elite
« on: April 14, 2014, 09:09:35 AM »
I have been speaking to the owner of FX Autotrader Elite via email.

This is a very customisable EA where the internal strategy is very clear and can be controlled through numerous settings. It's more like a blank canvas to develop your strategy and watch the effect than a "load and forget" type EA. I

If you have traded with FX Autotrader Elite then please share your experiences.

« Last Edit: May 12, 2015, 02:24:18 PM by odysseus11 »
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Offline nordx

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Re: FX Autotrader Elite
« Reply #1 on: April 14, 2014, 11:39:44 AM »
@All information on this website or any ebook or software purchased from this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of, or reliance on, such information. The past performance of any trading system or methodology is not necessarily indicative of future results.@

The most important condition. :)

br
   VD-FXtrader

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #2 on: April 14, 2014, 11:53:31 AM »
Hi

I am the guy who developed this product. Initially I wanted to make a normal EA but as I started adding additional features I realised I had built something else. I now like to think of it as a way of combining the best of manual trading - working out new trading strategies based on technical indicators - with the power of an expert advisor to do the boring and time-consuming task of executing the strategies, waiting for that entry set-up to materialise etc. I just don't have the temperament for that.

The Autotrader appears to be a bit daunting at first because of all the options available so I have prepared a short video. It demonstrates how I design a strategy by examining the charts with an indicator and the transfer those settings to the Autotrader so that the strategy is executed on autopilot.

http://www.screencast.com/t/rEAJ3fcZr

In my experience no one strategy remains effective for long periods and so with this product I ususally spend a few hours on the weekend designing some new strategies which I then test with the Autotrader on demo for a few weeks. I then pick the best one to go on my live account. Or create a small portfolio of strategies to even out the bumps.

I am now profitable again and more importantly I am now enjoying my trading once again.

Happy to share my learnings with this product on the Forum. There are just so many different things to try out.

Cheers, Andrew

Disclaimer
All information on the video, this website or any ebook or software purchased from this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of, or reliance on, such information. The past performance of any trading system or methodology is not necessarily indicative of future results.
Information and product page - http://www.diyforexskills.com/forex-tools/

Live trading accounts
https://www.fxblue.com/users/sydap2003axilive (FXAE Bollinger Band EAs)
https://www.fxblue.com/users/sydapaxilivepro (Magic Wand Trading) Not trading with this at the moment.




Offline caddyhexe

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Re: FX Autotrader Elite
« Reply #3 on: April 14, 2014, 12:35:20 PM »
Hi Andrew

can one only close a bigger postion partially or could one open say 4 trades @ 0.25 lots and close each differently.

Its just that I have some bad experiences with partial closes on MT4.

Thanks
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Online diyforexskills

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Re: FX Autotrader Elite
« Reply #4 on: April 14, 2014, 01:19:37 PM »
Hi caddyhexe

You can do a partial close, %, and I have had no problem with that on MT4. But plenty of other sfrom time to time!

The alternative is to place the autotrader on 4 of the same charts and do as you suggest - same strategy but 4 different TP levels.

I find that the TP level, and BE are really crucial to any strategy so I usually start as you suggest just in order to find the optimum levels for these trade settings as i test a new strategy.

One other alternative of course is to use a trade copier like the free one from mt4i, run the autotrader on the chart as Sender and set 4 receivers each with their different TP level.

To each their own....
Information and product page - http://www.diyforexskills.com/forex-tools/

Live trading accounts
https://www.fxblue.com/users/sydap2003axilive (FXAE Bollinger Band EAs)
https://www.fxblue.com/users/sydapaxilivepro (Magic Wand Trading) Not trading with this at the moment.




Online felipebr

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Re: FX Autotrader Elite
« Reply #5 on: April 14, 2014, 05:43:37 PM »
Hi, can you check your e-mail please ? I got a problem trying to backtest your sample strategy.

Thank you
Regards

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #6 on: April 15, 2014, 02:44:07 AM »
Hi, can you check your e-mail please ? I got a problem trying to backtest your sample strategy.

Thank you
Regards

We are checking this out. But it raises an interesting topic for me. My experience with Strategy Tester is woeful even after buying some Dukascopy tick data to do the tests. For me backtesting and optimisation results have been totally useless and misleading - maybe i don't know how to do it properly, but I have given up using it.

So I now only do backtests visually on the charts with whatever technical indicators I am using for the strategy and of course the TP and BE levels etc. A little bit more cumbersome but timewise takes no longer that Strategy tester using every tick.

I don't back test very far because i don't believe that any strategy has more than a few months of working well before we need to modify it as market conditions change. So what is the point of knowing how it worked years ago. Markets behave very different now and will as time goes on. It is dynamic and any indicator-based strategy whether manually executed or automatically, needs to be updated from time to time. With the autotrader that is very easily done because that was the driver for developing it. I check my charts at least weekly for all my strategies with the appropriate indicators to see whether any need modifications. Does not take long and well worth the effort.
Information and product page - http://www.diyforexskills.com/forex-tools/

Live trading accounts
https://www.fxblue.com/users/sydap2003axilive (FXAE Bollinger Band EAs)
https://www.fxblue.com/users/sydapaxilivepro (Magic Wand Trading) Not trading with this at the moment.




Online diyforexskills

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Re: FX Autotrader Elite
« Reply #7 on: April 15, 2014, 03:13:29 AM »
BTW you can follow the progress of my own use of the autotrader the testing lab using the mt4i publisher (rather than myfx) at

http://www.camforex.com/product/fx-autotrader-elite/

It is a demo account, currently testing 5 strategies (a 4hr, three 1hr and one 1min strategy) since 24 March. I will be adding more strategies as time goes on and perhaps deleting some.

Go to "More Stats" and use the Filter tab to select the various strategies via Symbol and Magic number. And/or "printable statement" tab to see the full trading history.
Information and product page - http://www.diyforexskills.com/forex-tools/

Live trading accounts
https://www.fxblue.com/users/sydap2003axilive (FXAE Bollinger Band EAs)
https://www.fxblue.com/users/sydapaxilivepro (Magic Wand Trading) Not trading with this at the moment.




Offline soulfire

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Re: FX Autotrader Elite
« Reply #8 on: April 15, 2014, 03:50:25 PM »
Hi there,
I like this concept - keep it simple and let the user customise as they see fit. I see you are a fan of the pimpmyea guys as am I.

Have you experimented with trailing stops? I know they have their own issues but they do allow big trades to ride larger than they may have with a fixed TP.

cheers

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #9 on: April 16, 2014, 06:12:16 AM »
Hi there,
I like this concept - keep it simple and let the user customise as they see fit. I see you are a fan of the pimpmyea guys as am I.

Have you experimented with trailing stops? I know they have their own issues but they do allow big trades to ride larger than they may have with a fixed TP.

cheers

Hi
I decided to keep trade management, eg TS options, separate. The Autotrader has a partial close but no TS. I was worried about the Autotrader becoming too complex. So I have a companion Trade Manager (not for sale) with many ways of doing trailing stops and even TPs and scale-in features which I use in conjunction with the Autotrader.

Comparative results are mixed but I have not fully tested that. (So much to do!)

One thing to remember as I think you are suggesting, is that with a normal TS or any hard stop, a spike can close your trade when it need not have been closed. With Autotrader, any action is only taken at the close of the candle, thus avoiding some of the annoying spike closes. On my Trade Manager I also have the option to only take action at close of candle. There are of course times when that can make matters worse, eg when the spike becomes a full blown candle in the wrong direction!

Oh the joys of trading!   :D
Information and product page - http://www.diyforexskills.com/forex-tools/

Live trading accounts
https://www.fxblue.com/users/sydap2003axilive (FXAE Bollinger Band EAs)
https://www.fxblue.com/users/sydapaxilivepro (Magic Wand Trading) Not trading with this at the moment.




Online diyforexskills

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Re: FX Autotrader Elite
« Reply #10 on: April 18, 2014, 02:35:18 AM »
Here is a strategy worth trying.
Do it manually or place it on auto using FX Autotrader Elite.
USDCAD H1
A triple MA - fast - 10 simple; medium - 20 smoothed; slow - 40 smoothed
Enter when fast crosses slow; exit when fast crosses medium or slow i opposite direction; re-enter if fast crosses medium again in original direction
TP, BE, partial close at your own discretion

See screenshot for "backtest".
Information and product page - http://www.diyforexskills.com/forex-tools/

Live trading accounts
https://www.fxblue.com/users/sydap2003axilive (FXAE Bollinger Band EAs)
https://www.fxblue.com/users/sydapaxilivepro (Magic Wand Trading) Not trading with this at the moment.




Offline AtlantaSean

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Re: FX Autotrader Elite
« Reply #11 on: April 18, 2014, 04:34:42 PM »
Here is a strategy worth trying.

On your website you say there are 4 indicators to choose from when formulating a custom strategy. May I ask what they are besides MA?

This might be overreaching but if you offered to include certain popular public domain custom indicators, ones shared freely on mql4, interest in this product would likely skyrocket.

e.g.,
Non Repainting Super Trend - http://codebase.mql4.com/8584
Multi Time Frame Fractals - http://codebase.mql4.com/9286
many many many more!!!!



Online diyforexskills

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Re: FX Autotrader Elite
« Reply #12 on: April 19, 2014, 01:35:05 AM »
Here is a strategy worth trying.

On your website you say there are 4 indicators to choose from when formulating a custom strategy. May I ask what they are besides MA?

This might be overreaching but if you offered to include certain popular public domain custom indicators, ones shared freely on mql4, interest in this product would likely skyrocket.

e.g.,
Non Repainting Super Trend - http://codebase.mql4.com/8584
Multi Time Frame Fractals - http://codebase.mql4.com/9286
many many many more!!!!

Hi

The indicators that can be used in the Autotrader are a triple moving average set up, RSI, MA of RSI, and zerolag MACD (a custom indicator available from mql4). They can either be used singly or in combination like filters.

I also tried ATR, stochastics, William%R and custom indicators like DPO and Coppock - but found they did not add anything useful in my trading.

However i will soon be adding a 2 MA cross of RSI which shows a lot of promise.

The Bonus product (Trendmaster R1) you get when buying FX Autotrader Elite is based on a custom indicator Alt Trend_Signal V2_3 together with an optional RSI filter but based on a different architecture - eg has no partial close but takes two orders instead which can be set with different TP.

Always happy to add extra indicators to throw into the mix for FX Autotrader Elite, but the big issue is which ones!

So far, apart from zerolag MACD, I haven't found any that work better than the mix I currently have - but there are many I have not tried.

I'll take a look at your suggestions but I guess what we really need is to see which custom indicators are favourites among Forum members.

Perhaps we can start a Thread on that.
Information and product page - http://www.diyforexskills.com/forex-tools/

Live trading accounts
https://www.fxblue.com/users/sydap2003axilive (FXAE Bollinger Band EAs)
https://www.fxblue.com/users/sydapaxilivepro (Magic Wand Trading) Not trading with this at the moment.




Offline pay888

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Re: FX Autotrader Elite
« Reply #13 on: April 19, 2014, 06:13:48 AM »
I like this type of EA

Now start the test .

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #14 on: April 19, 2014, 06:35:08 AM »
I like this type of EA

Now start the test .

Thx. I have started the Thread. If you mean the test of the of the USDCAD strategy, then it has started but just too late to get in the current Buy trade that is evident. ( I actually had started it on time but had entered a wrong setting for one of the MAs, so it took a sell instead of a buy which i then killed. It pays to be vigilant!  8)  Hopefully there will be a re-entry opportunity soon.

This strategy is one of six I now have running on my demo portfolio which you can access from the Blog tab on my site -  http://www.fxautotraderelite.com/  or at http://www.camforex.com/product/fx-autotrader-elite/

Information and product page - http://www.diyforexskills.com/forex-tools/

Live trading accounts
https://www.fxblue.com/users/sydap2003axilive (FXAE Bollinger Band EAs)
https://www.fxblue.com/users/sydapaxilivepro (Magic Wand Trading) Not trading with this at the moment.




 

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