DislikedYou can not randomize your way to a profitable 'EA'. You can not stumble upon a profitable set of parameters and indicators for an 'EA'. You can not trade with "Expert Advisors" that are somehow experts without you yourself being an expert. The only profitable expert advisors you will find were 'profitable' in backtests due to chance, not due to an understanding of the market. Once you become an expert, you don't use "Expert Advisors", you use algorithms or models. The algorithms don't come from stumbling around, they come from years of research...Ignored
Not a single shred of truth to much of any of it, really.
Thinking that you need to use anything but the tools that are provided to be profitable in market, lends itself to somebody who has only been able to fail at market both manually and through the use of Automated Trading.
Each EA, successful or not, has been written by an understanding of market by the use of specific optics and a lot by guiding rules of technical systems. Application of any metrics of market through automation can provide definitive information that can take thousands of hours of watching to realize. This is the base of stumbling around with a limited time commitment.
How do you define a trend?
How do you define a trigger?
Where do you see profit?
How do you define reasonable loss?
Each and every one of these can be defined through the simplicity of Mql4 and finding ways of defining this can improve your overall understanding of the market.
IF you work in a limited frame of reference, if you have only applied a set of logic to a single pair, time frame or direction...if you have only tried to apply base logic without the understanding of the logic, you are not doomed to fail, but you limit your chances of success.
You don't need to know Java, C, C++, R, machine language...but it can't hurt.
You don't need to study the market in a live environment for thousands of hours, but it can help.
If you want to understand methodology and are limited in the time you can lend to market, the use of an automated system can help you immensely.
If you have no understanding of Mql4 but have the ability to crack open your metaeditor, you should. By gaining a simple understanding of where and when trades get taken, by understanding where something has failed, can lead you to the improvements. By applying a set of rules universally to multiple instruments and timeframes will allow you to cherry pick and improve on your probabilities for successful trading.
People who say it cannot be done should not interrupt those who are doing it.
~ George Bernard Shaw
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!