Why doesnt everyone here come together?

[GTOAT777]

It baffles me why doesnt everyone here just team up and become a powerhouse, some people are good at trading but struggle at building EAs and others arent particularly good at trading but phenomenal at building EAs, so some are the designers/architects and others are the professional slick builders, It makes sense for everyone or a few to come together for one vision.

Trading can be a solo sport or a team game

[jstap]

@gtoat777 True and some people do but, a group needs to follow or aspire to the same rules, there are groups that do this.

[GTOAT777]

@jstap I get that, what groups are there?

[jstap]

@gtoat777 I dont use know of many, @TipsyWisdom may be able to help with this.

[TipsyWisdom]

Honestly I dont even know where to begin
...People everywhere think that their concepts are gold
...nobody can ever 100% logically detail their plan despite the grand success they achieve in manual trading
...The best EA's are those that are a hybrid of signal generating, and money managing that allow a human to be the entry factor...at least thats where I feel like its just best to end up going.

Much time and resources from a single person alone are required to properly design, develop, and forward test fully automated EA's, which is where I think this post is alluding to...Its hard to get 1 person with 1 goal in mind to try to achieve something...now get a bunch of know it alls together, who have their own opinion of how things should work...its hard to get work done then without a proper project manager. Now who's going to pay this person to ensure everyone is doing their jobs?

It quickly becomes too convoluted to think of things in a 'team' sense. My community, the most 'group' centric we got was designing and developing in a single thread, starting with how to frame a trade and then code it, ensure logical accuracy against a chart, setting money management techniques, and then finally, backtesting properly....a few of us did this publically for others to track, follow along, for us to ask for help as well as others to ask about the idea.

Each step in the process could take a few hours to a few weeks...the more I keep typing, the more thankful I am that I stopped doing that. At least it feels that way....most logic I use now its the same repeating thats that can be dragged from idea to idea because its all about good money management.

However, in here you must fuse being able to achieve the correct logic first and thats where most people fail, yet they're busy trying to backtest 10 years of history to determine if a 8, 9,or 10 SMA or EMA is better paired with a Bollinger band 1.1.5 or 2.5., LOL

[GTOAT777]

@tipsywisdom Thanks for that detailed reply, understandable that a group of people coming together is followed by a group of egos, that’s where I think I people would need to be delegated to their strengths, whether it be concepts, building or even backtesting.
I personally don’t believe in backtesting too much, the markets are forever changing and evolving

But to be fair I think in all honesty it takes 2-3 people on the same page to get it done, I’m mostly leaning towards 2.

[TipsyWisdom]

@gtoat777 said in Why doesnt everyone here come together?:

@tipsywisdom Thanks for that detailed reply, understandable that a group of people coming together is followed by a group of egos, that’s where I think I people would need to be delegated to their strengths, whether it be concepts, building or even backtesting.
I personally don’t believe in backtesting too much, the markets are forever changing and evolving

But to be fair I think in all honesty it takes 2-3 people on the same page to get it done, I’m mostly leaning towards 2.

you want to team up here in a thread and just see where it goes? I have no clue your trading confluence but I have an idea where we could start at least building an idea.

[GTOAT777]

@tipsywisdom Not in a thread on here to be honest, I would want to discuss genuine ideas and concepts, on here I wouldn’t want ideas to be taken, copied and used for profit.

Private chat for now would be best

[jstap]

I will add this, every symbol acts different, too big lot means too much drawdown too fast (unless trade goes in wanted direction from start), too small and trade is left open too long risking reversal, then there is all other elements to placing a trade, I say this because this is why everyone's trade is different to everyone else's.

[biztet]

️️

Sorry guys, i only backtest for 1year max.
Never trust my own ea to consistently generate profit from 500 to 50,000 in a year.
Coz YOU WILL WITHDRAW the profit atleast once a month.
And too many hitting SL means too many disappointment.
So i treat my expert as a TRADE ASSISTANT.
There will be a time where we need to cutloss manually, or trying to recover from a loss, or just to get out from the bad market.
To me, a good expert means we can rely on it to create income, it doesn't has to be an expert that can beat all the market situations through the years.

BTW, I've started my Copytrading project starting this year 2023 using expert from fxdreema.

️️

[line]

@TipsyWisdom is 100% correct. Too many egos fighting against each other, everyone thinks they have the winning combination etc. Bottom line is that finding success is quite difficult and elusive. I have built well over 1000 systems with about 997 failures.

[biztet]

Ok @line , now you can share the 3s.

[OntradingX]

@gtoat777 @jstap @TipsyWisdom @biztet @line
I will give my words of opinion. There may be many and not please some people, but I'll be honest.

First of all I would also like to be able to trust people not only around here but also outside fxdreema to assign services and invest money to develop my ideas and I believe that many come to learn to use Fxdreema because they have already experienced some kind of frustration with other developers and "decided to learn how to develop their own systems"

The idea of bringing people together to develop a wonderful EA is a good one and has already been mentioned here a few times, but I believe that we have to treat everything more realistically. I really believe that people who really want to be successful in the market would invest in something serious and not just want something "free".
Time is money.

The most sincere question is: Why do many want to have something "profitable" but are not initially willing to "invest money" to make it happen?
After all, to make "money" you have to invest "money".
I believe that much of this does not go forward because all those who are really good at what they do have the "right" not to live on false promises and YES they should be rewarded for their efforts, the task of "programming" whether in Fxdreema or not, is not an "easy" task most people " aren't profitable or don't even know how to negotiate" and each person " sees the market in a different way than the other", all these are factors that only increase the degree of difficulty of working together in something that deals with money.

I really believe that the way to make this idea work is to start thinking in a professional and realistic way, so I'll put here a step by step of what I think:

1st - Create a group in some system, Whatsapp, Telegram, Discord etc...

2nd - People who have money $$$ (monthly) on the idea must participate and be kept in this group.
It can be a symbolic value and not too high so that everyone can have the opportunity to participate.
Think...
5 people paying 5$ = 25$ at the end of the month
50 people paying 5$ = 250$ at the end of the month
100 people paying 5$ = 500$ at the end of the month
500 people paying 5$ = 2500$ at the end of the month
And we have many subscribers here at Fxdreema who pay a minimum of 25$ monthly.
Observation: 5$ is a fictitious value that I used as an example, it can be less or more, this has to be discussed.

3rd - These people who are investing recurring $ would be entitled to the source code of the project that would be updated at each new step of the project, so each one of them could make their own version of this project, share and update their ideas in the group so that generate more new ideas and advances in the project.

4th - These people could expose their strategy ideas, money management for developers to apply in the EA.

5th - There would be some specific (developers) who would be responsible for the (development) of the EA.
It cannot be any random person, it has to be well selected and voted by the people in this new paid group, as this person must have an excellent command of the Fxdreema tool and also know a lot about the tool's limitations. The system has to be developed 100% in Fxdreema, mql code may be included, but the main source has to be Fxdreema.

6th - There would be some specific (testers) that would be responsible for the EA's (tests, backtests and validations).

7th - There would be some (documenters), people who supply a document with EA information, updates made, future improvements, participants' opinions. Something controlled and moderated by these people so that the entire EA generation process is properly documented.

Having done these parts, I believe that the whole project would be very cool and it is more difficult for people to participate in bad faith, who just want to take advantage of other people, after all, when you are investing $$$ your own money, you expect to want to see results and it also wants to protect its own business by not disclosing information externally.

What do you think?
If enough people like the idea I can get the ball rolling.

[biztet]

Happily read all the above @OntradingX. But as usual, easy said than done.
If you can think of this, that means many others had a thought about it before.

Me, yes, I've successfully made my own Trade Assistant generated by fxdreema. And like you said, no sharing. And so after testing demo, running on real accounts, inviting investors and the can accept it, so now, as i said before, i start sharing it in a way of doing Copytrading. That's the only way I can keep it while sharing it.

With your idea about the programmer, a real coder, i suggest coding an expert with real programming, not using fxdreema.

[OntradingX]

@biztet
The idea is to do the project 100% in Fxdreema because I believe that most people who use Fxdreem like me are not mql programmers or have difficulty in programming only in codes.
I, for example, would not participate in any project that was not done in Fxdreema because I understand that I would be 100% dependent on a programmer and would return to the same point that led me to learn to use Fxdreema, which is not depending on any programmer to advance with the my ideas. I've had many frustrations and lost money investing in mql programmers.

[line]

@ontradingx The primary part is to find a strategy that works, the rest is all a cakewalk for anyone with some experience. I hope this does not come across as condescending.

Big Clue Giveaway: Most strategies fail, the ones you find online in general terms do not work.

[biztet]

@OntradingX, would you consider to backtest hundreds of strategies that they all will present to you? Claiming it is profitable in manual trading.

[OntradingX]

@biztet Some criteria are necessary to validate a strategy, but only 1 I particularly consider basic and essential.

The first rule would be that the person proves that he is actually making some kind of profit with the proposed strategy, the proofs have to come from real accounts.
It's not enough to say, you have to prove it.

[OntradingX]

@line said in Why doesnt everyone here come together?:

condescendente

I believe that in parts you are right, but I also believe that it goes much further.
Maybe what you mean by (strategy) is a (whole set of information to be profitable)
Strategy comprises entry, exit and management triggers. So it's a conglomeration of information to be automated.
And I don't think I have the information (be it easy) to automate, because I don't think it's that simple to automate anything you see on the chart for anyone with little experience.
It is necessary to combine knowledge of the market with knowledge of automation and also the tricks of brokers. The same strategies are unlikely to work for years and years because the market suffers from various fluctuations whether due to news or wars, pandemics, economies, etc...
See for yourself on the mql5.com website numerous EA's that can already read price histories and thus generate false results, EA's super-optimized for years that Metatrader 4 and 5 backtests are easily manipulated by deceiving buyers.
So to participate in these types of projects you have to have real people with real interests and who really want to build something real and keep it working.

[fxDreema]

@ontradingx said in Why doesnt everyone here come together?:

@biztet
The idea is to do the project 100% in Fxdreema because I believe that most people who use Fxdreem like me are not mql programmers or have difficulty in programming only in codes.

I think it's not only for non-programmers, but for programmers too. There is one interesting aspect here - maybe most of the time our expert advisors are trading ideas that we want to try, but also these trading ideas can change very much when we start adding new ideas to try to minimize the losses. We start with the idea to make something, then we make something different (or even few EAs), and at the end no EA is really finished. In comparison, if it's a normal program (desktop app, website), the programmer more or less knows what he wants to make.

I think the EA bulder is good for making very quick changes in the behavior of the program. Doing such thing in the code is at least annoying. Actually, before making this website, I was experimenting with different strategies (martingale, trailing stop, fibonacci...) in MQL4 and even if my code was not that big, I was always changing the code here and there to add the new functionality. At some point I was even making some "universal" EA with everything in it.

After I made it, I was trying to make EAs with the EA builder as well, and of course I did it faster. However, my trading ideas were always very limited - some Martingale, some breakout, simple stuff. Which is probably what most people do. For that reason I see the EA builder mostly as a learning tool where anyone can try to make the strategies that other traders tried before many times.

There are also those people with bigger projects that I really can't understand. Mostly because I think fxDreema is not very good for making big projects, it just doesn't allow for good programming practices in such big scale.

But even if someone makes a profitable strategy, there is the age old question - why he will want to share it with others? That's why I don't believe in the idea of everyone coming together. Also, if for some reason this happens and everyone starts trading the same time, that strategy would quickly become obsolete.

When it comes to the usual simple strategies, I can imagine a website or a page where these strategies are presented with their results. This way if someone wants to try them, he would just see the results and understand their downsides. Or even try them himself without making them himself again.