BEST FOREX EA MT4 FREE EXPERT ADVISOR

Best Forex Ea Mt4 Free Expert Advisor

Meta Trader 4 is a charting application which most of the traders use for analysing and placing orders in Forex Markets. It is a robotic best free expert advisor for mt4 that help the learner like you are learning from a real man in just front of you best forex ea free download.MT4 Development. The first one that comes to the top is FXStabilizer that teach the world how to learn and implement the forex in new ways with more than any other works. For this a company start its efforts to teach the people the ways and procedures of trading in forex.

Forex EA Features and some useful indicators Allow compound interest or Fix lots by user. There is always an optimizer around somewhere - if not visible on the table, then lurking in the shadows. Realistically, however, the development of a profitable trading strategy is a trial-and-error activity in which some form of optimization always plays a role.

Choosing the best model typeThe most ideal model type for backtesting and optimization is Every Tick because it is far more precise than the other two. For model, you can choose between three model types: 1) Every tick (the most precise method based on available least timeframes to generate each tick) 2) Control points (a very crude method based on the nearest less timeframe, the results may not be considered) and 3) Open prices only (fastest method to analyze the bar just completed, only for EAs that explicitly control bar opening). This will populate the Strategy Tester with the name of the expert Advisor, the symbol, the modeling type, and period.Alternatively, you can select the name of the EA form the Expert Advisor drop-down box, select the currency form the Symbol box, and chart period from the Period box. Even more relevant, this larger picture allows you to pick out the best parameter values in order to enhance your EA.The optimizer will return and order the results of different settings for the selected date range, making it easier for the user to find the most appropriate combinations.In order to optimize your expert advisor, you can insert the expert advisor on to your chart and then right click Expert Advisors/Strategy Tester or F6. You can then review at a glance how each of these different settings performed historically, giving you a larger picture of how your strategy works in relation to all its parts.

The Open prices model type is the fast method, but it is the least accurate, and the Control points method is a good compromise between the two. To speed things up, you will want to take advantage of the other two model types as much as possible. The more parameter combinations and the greater the date range, the slower the optimization.You will be waiting for hours.

I generally test with $10,000 USD or anything realistic to the strategy being tested. Under the Testing tab, you will see the initial deposit with a drop down from 500 to 50,000 and any number can be added in here and represented in USD, EUR, GBP, CHF. If Control and Open results match up with the Tick results, then you pick Open as your method if only control matches up with the Tick results, you choose Control and if neither Control nor Open matches up with Tick, you choose Tick.Left click the Expert Properties button to open your expert advisor settings.

For the FastMAPeriod, the Start value is 15, the Step is 5, and the Stop is 50. The Step column is the amount that the optimizer will вЂњstep throughвЂќ from the Start to the Stop setting.In the image above we are optimizing FastMAPeriod and SlowMAPeriod for the MACross expert advisor. The lowest value for a given setting will be in the Start column, and the highest will be the Stop column.

Your optimizer will be quicker and your comparison of results will be easier to read and decipher.When you are ready to optimize, you can hit the Start button at the bottom right of the Strategy Tester window. Note: it is best to optimize with no more than 3 settings checked at a time. All settings that are not checked will use the number in the Value column. Since the FastMA must show a shorter length than the SlowMA, I needed to use a much smaller Start, Step and Stop.You can place a checkbox to the far left of the setting to be optimized. It is important to use the Start, Step and Stop values that are appropriate to the settings. For the SlowMAPeriod, the Start value is 50, the Step is 25, and the Stop is 250.The optimizer will test every combination of values from 50,75,100 and so on up to 250.

Though I could not copy and paste all the 161 negative results here, I find them useful because they tell me that this strategy, as is, on this timeframe and currency, is more bad than good and only a few isolated combinations are profitable. It is also advisable to right click on Optimization of Results and deselect Skip Useless Results (this only has to be done once and never again).In the above example, if I had kept the check on Skip Useless Results, it would have shown only shows 7 of the 168 optimizations (only the profitable ones), ignoring the 161 negative results. If it is taking too long, consider changing the testing model, shortening the date range, optimizing with fewer settings, or using a larger step value.Once the optimization is finished, open the Optimization Results tab and double-click the Profit column or Profit Factor column to sort the results.

There is an alternative workaround to this.You can write click on Optimization Results and click Copy AllВ and then Paste the whole table in a worksheet of an Excel document. The only problem with this method is that it does not save the parameter values that you have optimized вЂ“ and so unless you have photographic memory, it is impossible to remember which pass number corresponded to which combination. This will allow you to save an html report of your optimization for later reference. Generally, the most profitable parameters should have profitable neighboring parameters to be deemed robust.It is always a good idea to right click on Optimization Results, and click Save as Report. Moreover, you want to be able to see all neighboring results of the profitable parameters in order to check for integrity and robustness of results.

There is nice article written about how to avoid over-optimization by using the 3D graph to look for green neighborhoods. Mouse can be hovered over any green block to see the pass number, parameter combination and values, and balance. That is, all surrounding paramaters of the optimal have deeper shades of green.If the optimal parameter reside in a dark green areas then its performance is less an anomaly due to over-optimization and more something real and worth paying attention to. Generally speaking, there is more reason to attribute greater statistical worth to those parameters living in the greenest (darker) neighborhood. Sounds very environmental. The 2D optimization plots the linear progression from the initial pass through to the final pass, and if the graph remains choppy throughout, it can confirm that there are no distinct combinations that rise above the rest.You can also switch to the 3D mode and see shades of green that can help you spot those parameters that are not only good but living in the best (greenest) neighbourhood.

Hit the Start button again to backtest with the selected settings to view the equity curve and more statistics on the optimized strategy.Finally, make sure you are aware of all the Steps to Minimize Overoptimization.