Topic: Create a "Built In" optimizer EA
Is it possible to create a "Built in Optimizer" EA?
What do I mean?
1. The EA has an additional code (besides our usual input) to function as an optimizer to change the smoothing, base and signal inputs for all the opening/closing conditions
2. The optimization criteria/calculation is based on finding best optimal combinations (of smoothing, base, signal period) that "matches" closest to the highest peak and the lowest trough, 1 possible "indicator" to be used or to be considered, can be "previous high and previous low".
Of course, we can also consider optimize the period input to find the best combinations among all the opening/closing conditions to match closest to the highest peak and lowest trough of eg. H4, H1 etc.
3. We can choose the period for the optimization, i.e. which period of "previous high and previous low" we want to focus or optimize. Hence, there is an input or drop down menu to choose which time period we want to optimize. (I wish to have 2 time period, i.e. I want to track the previous high and low of H4 but at the same time, take into consideration of 5min or 15min of "previous high and low" to keep the optimization "relevant", so that the optimization process is not only looking into past history, eg H4 but is also incorporate the current market volatility.
If such "built in" optimizer EA is not possible. Would you consider having this method of using previous high and low as a method of optimizing our EA. If we can identify a point of entry (based on previous high and previous low), it would be "easier" for FSB to narrow it's focus and churn out EA that has higher statistical significance based on this concept of deduction (working backward, starting with an end point that served as our EA entry point (based on previous high and low) and working to find the best combination of opening/closing conditions to match it's entry/exit point.
Currently, we are working forward, i.e. we input our opening/closing point and see how much profit we can get. Why don't we work, using deduction method...I already know the highest peak and trough (i.e. my entry and exit point), now using FSB to deduce/identity which indicators and opening/closing conditions matches these entry and exit point.
Better still, if FSB can identity all the previous highs and lows for a certain time period eg. H4 over a period of historical data, to come out with the best combination that matches as close as possible to all these previous highs and lows of H4 over a period of 3-5 years, etc., that would be ideal too.
Food for thoughts