Neural network (deep learning) EA & some manual trading
Hello,
Has been working in the foreign exchange industry for 8 years. However, admitting this is unsuccessful. Been trying different systems, trying different trading strategies, but all the strategies in my trading account are back to zero. Also tried creating robots, spent a lot of time, also created +20 EAs, which showed good results in demos, but in real life they did not give appropriate actions. Maybe I expected too much from them and took too many risks...
So this is my final contribution to FF. Either it gives me hope or I have to do something else with my life.
This thread will contain two different strategies:
1. Neural network (deep learning) EA. Spent a year on this system, read a lot of books, tested a lot, spent a lot of money on creating it because there were some steps that I couldn't implement in this EA myself. It only requires USDCAD trades to have a fixed Take Profit/Stop Loss ratio based on the pair's divergence. The risk per balance is 1%. On paper over the past 3 weeks, it has gone 22-12, so that's 10TP for that period. The goal is to earn 20-30% per year with this bot, with a DD of no more than 20%. Let's see how things unfold.
2. Manual trading. After a long investigation, you will find out where your vulnerabilities are and will try to solve them in a demo account and see how it goes. Expectation - 20%-30% per annum, with DD (Drawdown) not exceeding 20% To avoid a negative portfolio, 3 main steps should always be followed:
Has been working in the foreign exchange industry for 8 years. However, admitting this is unsuccessful. Been trying different systems, trying different trading strategies, but all the strategies in my trading account are back to zero. Also tried creating robots, spent a lot of time, also created +20 EAs, which showed good results in demos, but in real life they did not give appropriate actions. Maybe I expected too much from them and took too many risks...
So this is my final contribution to FF. Either it gives me hope or I have to do something else with my life.
This thread will contain two different strategies:
1. Neural network (deep learning) EA. Spent a year on this system, read a lot of books, tested a lot, spent a lot of money on creating it because there were some steps that I couldn't implement in this EA myself. It only requires USDCAD trades to have a fixed Take Profit/Stop Loss ratio based on the pair's divergence. The risk per balance is 1%. On paper over the past 3 weeks, it has gone 22-12, so that's 10TP for that period. The goal is to earn 20-30% per year with this bot, with a DD of no more than 20%. Let's see how things unfold.
2. Manual trading. After a long investigation, you will find out where your vulnerabilities are and will try to solve them in a demo account and see how it goes. Expectation - 20%-30% per annum, with DD (Drawdown) not exceeding 20% To avoid a negative portfolio, 3 main steps should always be followed:
- Psychology - First you have to understand that this is a long term game. It's hard, but you should understand. You can make big bets, but the chances of becoming a millionaire overnight or within a year are nearly impossible.
- System - To trade, you need a system. It depends on what you use. I will try to follow the channel and trade brakes and divergences.
- Risk Management - No more 2% on every trade! If you increase it, you will be a loser in the long run. Since you are always losing money (paying commissions and fees) by trading, your first goal is capital preservation, the second goal is steady capital growth, and only the last goal is profit. Vice versa, not everyone wants it to be. Trading only the best requires developing patience and discipline. If you want to have fun in FF (like I did before and trade without proper analysis) it is better to go to the casino, at least you can get some drinks for free.
Let's start this journey. Trade Explorer is named Algorithm and LT Trading Ideas. It's easy to generate trading ideas, but it's difficult to find the right money manager to properly convert those ideas into money.
























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