I sincerely believe that these statements are completely illogical:
... there are several ways to make an EA profitable with Fsb ....
- even if Fsb gives a negative result I try the strategy in demo,
- I do not use it montecarlo
- I do not use multimarket
- I do not use OOS
- I must know the rules of trading
- use my brain
- do homework
I think you're trading with coffee funds, head or cross, odd or even, because you do not need Fsb.
I'm not too sure why some of the statements seem illogical to you.
Let me try to see which is illogical...or maybe logical to you. I'll try to reverse those "illogical statements" I've post and see whether they make more sense to me.
It is illogical that... Let me tackle my "illogical statements" one by one.
1) there are several ways to make an EA profitable with Fsb .... If this statement is illogical...does that mean the logical conclusion should be the statement below instead?
"So it is logical that there is only One method to make profitable EA in FSB?
There is no other way and the quest is therefore to find this "magical method that is so elusive that very few can find it?"
2) even if Fsb gives a negative result I try the strategy in demo,, if this is illogical, idea of logical statement should be....
"I believe wholeheartedly that FSB's backtest is faultless and accurate and that what I see in the backtest will be what I get in real live/demo trading. So if FSB's backtest shows me profitable EA, that particular EA will therefore definitely show profitable results in both live and demo testing. Likewise, if FSB backtest show negative results, I should "throw" these EA away and don't bother to do some demo testing to verify whether FSB's backtest is correct or not."
(Comment: if one were to approach this with a "scientific mind, one would at least do some demo testing to verify whether there is congruence between demo results and FSB's backtest results, in order to establish that element of "trust". Even if you truly want to believe wholeheartedly (by all means) in FSB's backtest results, have you put your "faith" to test? Have you verify it with demo testing? Or was it blind faith?)
3) I do not use it montecarlo. If this is illogical, idea of logical statement should be....
"You will only succeed if you use Monte Carlo. You can't rely on yourself to find the most appropriate parameters. Forex is so complex that only a computer can compute the most appropriate parameters for you. Tough luck to discretionary traders cos without any help from Monte Carlo simulation, you can not find any success in your manual trading. Any successful manual traders out there must be a scammer cos how can one find profitable EA without MC? So a bit of advice to those who wants to success in trading. You better use MC"
4) I do not use multimarket if this is illogical, idea of logical statement should be....
"I believe that all profitable EA should survive and stay profitable in Multi Markets. If an EA is to be profitable, it must be profitable in all multi markets. If any EA isn't profitable in 1 market, it probably means it will fail in the rest of the other markets too. I believe that all markets dynamics are the same. Hence one size fits them all. Therefore to find profitable EA, one must run it through all Multi Markets...if that EA pass Multi Markets, it will therefore be profitable. A jack of all trades, master of none."
5) I do not use OOS if this is illogical, idea of logical statement should be....
"First of all, I trust FSB's backtesting methodology and hence whatever is the backtest result, it must be the absolute truth. Hence, if my EA can also pass the OOS test, it means it is profitable."
6) I must know the rules of trading if this is illogical, idea of logical statement should be....
"I don't need to know trading at all, who cares. I just need to do lots of trial and errors with different indicators and run the FSB's generators for days and months and set very good acceptance criteria and at the end of the generation, voila I get profitable EA, easy peasy lemon squeezy."
7) use my brain if this is illogical, idea of logical statement should be....
What for? What's the point of using my brain. What am I trading, coffee fund? No big deal if I lose. Trading is so easy and FSB made it even more easier. Making profitable EA is such a mindless game.
(This statement contradict with one of the statements above that implies Forex is so complex that one needs MC in order to succeed, otherwise, you will fail, if it's so brainless to find profitable EA, why need such complex function like MC to search for you?)
8) do homework if this is illogical, idea of logical statement should be....
"One can find profitable EA without much efforts. It is so brainless, you really don't need to know much about it. So don't bother to do your homework, just go and trade live and you will win."
Ok, Freesby, I try to breakout down which statements is really illogical to you and then try to reverse the "illogical" statement to see whether I can find any logic behind them. So which of the above counter argument statements (made up by me, I'm not claiming you are saying these statements) seem more logical to you?
Lastly, it doesn't make any difference to me whether anyone believes my statements or not. You can go ahead to insult me about my trading funds...it's peanuts anyway, nothing to boast about.
And at the end of the day, what matters to me is whether I can build successful EA or not. Having more or less people believing in my statements won't make my EA's Profit Factor any higher or lower.
I commented here because someone asked me a question and out of respect I try to make an effort to reply. Otherwise, I'm pretty happy now to say out of the grid (and I would have avoided this "discussion") cos I've learnt, it doesn't pay to give my trading tips away, might as well stay quiet and be contented with my life. Hence, I have reduce my posting in this forum.
Basically, there are Two main approach in using FSB.
1) You can see FSB as an Execution Tools - translate your trading theory/rules into MT4 EA to execute your trade on your behalf, without the need to learn coding language.
2) You can see FSB as data mining, statistical/analytical tools for you to search for your EA
As for me, I use FSB mainly as my Execution Tools and hence I hardly rely on the rest of the functions. So Yes, I do need FSB, cos it is one of the best software (so far in the market, though there are still rooms for improvements) that can help me turn my dream into reality. Just because I don't rely on other FSB's tools doesn't mean I don't need it. I will be lost without it.
My statements are not just opinions (as everyone is entitled to theirs, even if yours differ from mine). My statements are based on years of experience of developing thousands of profitable EA. So between your opinion and my experience, which do you think I'm more inclined to believe in?
Last of all, I still sincerely wish you all the best. I can understand my statements may incurred some people "wrath" especially for those who believed so much in their work flow (of using MC, OSS, Walk forward, backward etc) that they think there is no other alternative of developing any profitable EA other than using these tools to aid you.
And when I said I don't use these work flow processes (such as MC, OSS etc), I'm not saying they aren't useful (that's not my point). I'm trying to point out alternative methods, that's all. So that others don't have to think that one MUST use these functions in order to find profitable EA. One can still build profitable EA without it. I'm here to introduce or expand one's perspective in their EA development approaches.
In conclusion, I'm just sharing my own experience. Does that mean anyone who has an opinion to share here, better be a guru, otherwise keep quiet? And if I share my experience, my ups and downs, what I've discovered working for me and what's not working for me...am I therefore considered a guru? Isn't what this forum is for, to support one another and help one another find their roads to success?
No, I'm not a guru nor will claim to be. I'm just an ordinary retail trader...hoping to put my dream into reality by building profitable EA. So I got nothing to prove and nothing to gain here. This forum is for people to share freely their opinions (like it, take it, don't like it discard it...nothing personal to warrant any insults or personal attack, even if other people's opinion differ from mine, let's show some mutual respect).
Best of luck and I hope you find success in your method.