There are multiple ways to create basic EA's, unfortunately to create one that works is quite difficult but is possible.
The more variables and complexities are added to the EA’s the least it works I real life.
It is very easy to get lost in the creation of EA's but with 7 years of experience you should know that the basics of classical analysis applied to larger times frames should be the being of all development, for example daily and weekly analysis and from there develop tending or consolidation strategies.
If the markets are choppy, stochastics will be a better choice and small profit increments, but is the markets are trendier then RSI, and moving averages will be definitely best.
As you know there is no magical formula and usually as a rule of thumb:
1- the shorter the times frames the more difficult the game and EA’s may not last for very long in a profitable
2- Longer time frame EA’s will have the tendency to be more stable, bear in mind also larger drawdowns. Re-training and over re-training could be disastrous. After all the creation of the EA’s is a reflection of the trader’s mind and vision.
3- Any time we develop a wonderful EA, we think that is so unique- and usually we considered it a secrect - it es all BS once it stat losing money and we do not use another strategy fitted to the condidionts of the I moment (All those EA’s that are for sale for $150 to $ 5,000 USD are full of garbage, because they only wok during specific times and under specific circumstances, brining loses most of the time). If these EA’s where so good to make $50,000 dollars or more do you think they will sell then so easy? NO, - it is writing.
4- In general traders are hesitant to share an EA that is making money OUT of greed, later they publish how great all was, at that time most probably that EA is obsolete.
Please follow some tutorials and basic EA’s creation rules.
I will be more than happy to collaborate with you or any other person in this matter via PM due to the amount of data and discussions that may be cumbersome if not tedious. At the end there are no secrets, but everybody sells them. The secret is NO SECRET : do your homework and stick to it.
Please follow these links and material that will allow you better how to apply concepts to develop EA’s in FSB:
• https://forexsb.com/forum/search/769948527/ (do a search on the actual forum EA: Testing EA’s)
• All Mr. Popov videos are excellent and he uncovers in detail techniques for development of EA’s.
• Do a back testing search in the forum it will provide incredible ideas , there is a mathematical science about it , you may find the follow up videos that explain in detail the statistical challenges…https://forexsb.com/forum/search/769948527/
• Read about the Battle of Traders contest in the forum it will give you an out of the box approach to develop or use EA’s on las reference for trading https://forexsb.com/forum/search/756819014/
• Use traidingview.com to uncover trading opportunities using the FOREX screamer on a weekly basis. 80 to 90 % of the time if you find a change in the weekly tend the opportunity to be profitable is extremely high. These change in trends could last 3 to up to 20 weeks Here you do not really need a robot but common sense.
• You also must discover the stringing and weaknesses of developing with FSB. With these I mean FSB is only a tool and an excellent one only to the extend on the user.
• Annalise some of the repository EA’s, since they will provide some insight on the use of indicators and possible outcomes.
• For analyzing data , and data mining you could use artificial intelligence programs such as WEKA, that will allow you to classify data and see the distributions statistical curves : https://www.cs.waikato.ac.nz/ml/weka/ , this program is free and powerful it contains top of the best predicting and classification DATA algorithms in the world.
• A group support will be a great idea follow: https://forexsb.com/forum/topic/8520/collective-intelligence-group-to-develop-better-eas/
I wish it will be simpler that that but is not.
If a group of traders could star sharing a repository of new ideas and developments openly, the group will benefit itself 10 times fold, BUT EVERY ONE THINKS IS A GENIUS AND HAVE THE SECRETS OF THE MARKETS – and with that mentality very little is achieved.
I have no secrets and if any one tell you so …. for sure you are been taking as a fool!