Hi, Michael!

I think that MT4 Sidekick needs some improvements to be more universal tool.
Now it works good for strategies with high number of average consecutive winners.
But, for example, if the strategy has on average 2 consecutive winners, the Sidekick will turn on this strategy to get losing trade on average (using 2 consecutive wins setting).
To be a universal equity trading tool for all strategies, it needs implementation of equity curve trading principles. For example, it should turn on the strategy if equity curve (for this strategy) is above moving average of this equity curve. And it should turn off this strategy if the equity curve (of this strategy) drops below moving average of this equity curve. The period of moving average should be an input parameter.
I can research other equity curve trading principles, but the one, mentioned above, is the most common among traders...
For example, I have video about equity curve trading principles of Unger (worldcup champion in trading)...

what should it cost and what do you imagine donating?

Oh and sorry, donations are at your discretion. This is the way I see this happening:

1. I pay upfront for costs
2. I need and value others inputs on how the EA should be built ie what features does it need to have, how particular scenarios should play out. Money mangement etc.
3. Once EA is complete if you want it make a donation of your discretion and I’ll send it through.

Does this sound fair? Or is there a better way I’m up for any ideas from anyone on how to approach this project.

what about ask popov...maybe a nice feature for eastudio

I just checked the MT Parser I have started. It looks like I was working on it for two days in November 2018 and have some progress. Having it for a beginning and the experience and the technology from EA Studio we may be able to produce an online application relatively easy.

We can make a Skype talk to discuss the features of such an application. I'm working now on EA Studio refactoring and have started also a new dukascopy data feed service.  These tasks will take me several months. However, I can work 1-3 hours per day on this new application.

Ops, sorry for my previous posts. I was thinking you speak for the MT4 Tracker

Anyway, the sidekick is a very different program. I have experience with that matter because I developed such service for Trading 212 for their ProQuant application. I completed my job for them and also have the rights to use my technology in other products and services. I'll read the Steeve's documentation for the Sid kick and will see what will decide.

I think we can running prototype for a week.

I stopped my earlier development of a program similar to the Steeve's MT4 Tracker because I did not want to compete with him. However, he informed me that he stopped the development and the support of his programs.  It means we can make similar programs even better integrated with EA Studio and FSB Pro.

It looks like a centralised copper can provide some excellent opportunities.

I'll outline some ideas:

- We can run a high-speed proxy server (node.js) online.
- each user will have a unique ID for authentication for the "sender" and the "receiver" experts.
- the "sender" expert will run on a chart on the signal MT4 and will ping the status of the positions to the server.
- a "receiver" expert will take the status from the server and will trade on the local MT4.

It is possible to have multiple "sender" and "receiver" experts.

This service will be free for all EA Studio users. If other traders want to use it, they must agree that their signals will be anonimusly public. So that other traders may see the trading statistics and to subscribe to profitable signals.

The EA Studio users may decide to make their signals also public.
We can have online statistics for the signals. However, this is more complex because it requires accounts and personal content.

We can make a Position Aggregator:
- run one or multiple strategies on one or multiple time frames on a symbol. Let's say EURUSD.
- run the SideKick signal producer expert on that MT. It will send to the server the stats of the top strategies on that symbol.
- the server will monitor your traders and will aggregate the signals to one position on EURUSD. It will only trade the relative difference between the open live position and the sum of the opened demo positions.

The benefit is:
- Save from spread - imagine the demo has 10 long and 6 short positions of 0.1 lots. It means the demo pays 16 spreads. The live account will have open 1 long position of 0.4 lots. It will pay only 4 spreads.
- Save from Swaps - much lower trading volume to roll-over.
- Save from commissions.
- It immediately solves the USA FiFO limitations making actually possible to trade multiple strategies via one aggregate position.
- Much easier to maintain and protect 1 position per symbol.
- No need magic numbers (or make it much easier to maintain) - because we trade only one position per symbols
- Brokers suck... we win.

I'm thinking about such a program for 4 years.  There are several ways to make it work.
One of the ways is to make a simulation of a trade server - something like a demo account, but without actual execution.
The server will keep track of the signals and the stats at the same way MT does it.

Because EA Studio trades at Bar Open, the individual positions will make their virtual trades to the server. The server will calculate the stats and will aggregate the position of the top 10, 15, 20... strategies. Then it will send a signal to the "execution" expert for correcting the real position. Of course, it will monitor for SL and TP activation.

It will have a simple web page from where will be possible to see the stats and to make settings of which strategies to include.

It will take some time, but it is not difficult to be done.

Wow, I love this idea!!!

Sounds like FSB can be like Zulu trade or Darwinex whereby members can be signal providers.

Excellent, hopefully this project comes to true.

I’m thinking I will create the EA mirror myself and licence it out.

What sort of features and metrics would people be interested in? What are the must haves?

I’m still working on the project hopefully it will be done in about 2 weeks then the EA will be in the beta phase of testing.

Just trying to work out the structure of R Squared. The included metrics will be profit factor, win/loss ratio (hopefully) R squared.

I plan on having a correlation regime filter, what I have come up with so far is if we get a signal on the same symbol and direction within X amount of time to reject the second signal. This is quite a hard thing to quantify and this is the best I can come up with. One other filter I have thought of is if we get a signal on same symbol and direction within X amount of pips to reject the signal.

The EA will include risk management so the entry size will be X% of account equity related to the stop loss and if the EA which sends the signal does not have a SL then a default lot size which is user defined will be used. However I always use a SL on all my EA,s as it is to hard to work on a portfolio level with EA,s that do not have a SL.

I have also put in max risk and reward for each day so if we get 10 signals per day for example but we only want to risk 2% of the account per day and we have set max risk per trade at 0.5% then we can only the first 4 signals per day.

Max reward will be if open profit = X% of account balance then close all trades for the day. As the user may be happy to take profits and run for the day.

When I say ‘day’ this is set to reset at broker hour X so the user can define when a trading day starts and finishes using the broker time.

As you can see there is quite a bit of work involved and more functions just mean more testing.