Good day expensive customers, let’s proceed with ourtutorial! Welcome again! In that tutorial we’ll crate a strategyfor the EURUSD market 15 minutes and for those who bear in mind from the earlier episode we importeddata from our dealer. We are going to use that knowledge now. I’ll open a brand new technique. As I stated earlier than I can open a brand new strategyfrom right here but when I take advantage of this button it opens a default one however I already saved a template. I’ll use that template. What do I’ve right here? First I’ll set the preliminary settings of thestrategy and later I’ll use the Generator to generate.When I’m within the Generator I’ve right here severalsettings panels however I can change solely the Generator behaviour and I can’t change anythingin the technique straight from the Generator so first I’ve to go within the Editor web page andhere to set the preliminary properties. What do we have now right here? “Unit for buying and selling quantity” – I’ll use Lot. Entry quantity for a brand new place – 0.1 andMaximum place quantity – right here, if the technique makes use of including, the quantity of the technique (theopen tons) will improve and right here I set the utmost open tons to be 0.4.Subsequent similar path sign – that is the addingbehaviour. I depart it off and let Generator resolve whatto do. I’ve right here 0.1 including tons. That is for the alternative sign. Right here I set the decreasing behaviour. I’ll preserve it at Nothing and Quantity for reducing- 0.1 – let the Generator resolve. Right here I can set Cease Loss, Take Revenue andBreak Even, however I can’t set them now. Let’s affirm. So earlier than producing, crucial thingsare: the Buying and selling Quantity, the Market, Profile and Information Supply. They’re what I need as a result of I used the template. And right here I’ve to set the Assortment. When I’m working with this system I can addstrategies right here to a set manually and when the Generator is working it additionally addsstrategies to a set and I’ll title that assortment “Lively” is the title of thebroker, EURUSD 15 minutes – “M15”.OK, that is the title of the gathering. That is all right here. Let’s go to Generator. And let’s examine the generator properties! That is the frequent choices of the Generator. I can open this panel from right here or from thisStrategy Properties panel. After I click on this tile it opens the commonoptions. It is a bit bit totally different within the editor. After I click on right here it opens Technique Propertiesbut after I open the Generator it opens the Frequent Choices, due to this within the GeneratorI can’t change the properties straight. And what do I’ve? Similar path sign. Right here I set what I need the Generator to changeduring the producing course of and I need it to vary the identical instructions sign behaviour. That is the including behaviour. After I click on on this feature, when the optionsis on, the Generator decides when to make use of including, winner choice, loser or nothing. Let’s do the identical for the Reverse Sign- that is the discount behaviour. Right here I can set the Cease Loss, Take Profitand Break Even behaviour of the Generator. I’ve right here 4 choices: Maintain Unique meansthat the Generator won’t change the Cease Loss; At all times Use means the Generator willalways attempt to discover the perfect Cease Loss for the technique; I’ll preserve this Could Use choice.Which means the Generator will resolve whetherto use Cease Loss or not and I can set right here a spread for the Cease Loss. These choices listed here are in Factors like alloptions in Foreign exchange Technique Builder. How a lot to set? Let’s set.. for Cease Misplaced let’s put 20 pips. I set right here 200 factors as a result of my dealer isfive digits and the utmost set it to 200 pips. Let’s depart it like that. I am going to do the identical for the Take Revenue: MayUse and I’ll right here set the identical vary. Break Even – I do not need Break Even. So Most rely of slots. Right here I set what number of indicators to generatein the Generator. We have now two slots which can be fixed. They’re persisting on a regular basis: OpeningPoint of the Place and Closing Level of the Place however the Generator can add additionalindicator slots for filtering the entries and for figuring the exit.And the way a lot to set right here? Earlier than it was t however I’ll set … I wantto use between two and 4. I do not want an excessive amount of. Let’s set three and for closing slots. Closing slots can be found when closing indicatoris Bar Closing. OK, let’s make it 4 to 2. I am going to shut that and earlier than we begin let’scheck the settings. OK these settings I’ve to set solely as soon as. What I’ve – Search greatest: Web Stability, Systemquality quantity, Sharpe, it is totally different choices.I’ll preserve it easy. Let’s put Web stability. Working time in minutes – I’ll increasethat choice. Let’s make it sixty minutes. So I am going to examine Acceptance Standards. I’ll depart this choices to the default valuesto begin the Generator and through the working I’ll clarify the subsequent settings. So I’ve the gathering and the is OK. Let’s run the Generator. Now the generator tries to seek out methods. What it does is to generate random indicatorsand attempt fulfil our standards and our preliminary settings. Let’s speak in regards to the acceptance standards. After I go to settings I’ve the choice “Strategyfulfills acceptance standards” and I can change the Acceptance Standards within the Management Panel.I’ll go there. The Generator is working right here in a separatetab. I see it already generated one technique. That is our Acceptance Standards. This Generator is already began so if Ichange the Standards they won’t replicate on that technique, however it would replicate on thenext one. Let’s have a look at what we have now right here: these are thedefault settings, if we make any adjustments you should utilize this Reset button to reset the AcceptanceCriteria to the default.And what do we have now? Most ambiguous bars – ambiguous bars arebars the place the Generator shouldn’t be certain how precisely to route the worth. In case you have two orders in a bar, the programis undecided what order to execute first – the decrease or the upper if it (the worth) startedbetween them. This system marks such bars as ambiguous. So we have now right here most of ten ambiguous bars. I’ll present you later the way to cope with theambiguous bars. Right here we have now Minimal revenue per day in forex. Our forex is Euro and meaning the Generatorwill seek for a technique that makes a minimal of 1 Euro per day.What do we have now? Minimal rely of trades. So the Generator should discover a technique thattrades a minimal of 100 instances. That choice is sweet as a result of with a small numberof trades we can’t resolve if a technique is sweet or not. For instance it might probably make solely two or threetrades and we can’t resolve what are the final stats. What we have now right here? It has collected some methods – seven. Let’s have a look at how the collections work.When the Generator works it generates strategiesand sends the methods to a set. We will see the collections within the Repositorytab. After I click on the Repository it opens in aseparate tab web page and we have now right here three sub-pages. The primary one is the Assortment. When the Generator works it pushes strategiesto that Assortment and we will see right here the methods. A set can comprise most as much as 100methods. And we will prepare these methods usingdifferent standards. For that is the Web stability, System qualitynumber, Sharpe ratio and in addition we will filter the methods that is the minimal Sharperatio. We will use totally different filters. So we have now to maintain the generator working,till it finds extra methods. What we will do is to begin one other Generator. How to do this? I’ll use the template to open a brand new technique. Let’s examine if every little thing is OK! Okay.. no.. I’ve right here a distinct Assortment. I’ll use the identical assortment for this technique. What was the title? “Lively EURUSD M15” so each Turbines areto push the methods in the identical Assortment – “Lively EURUSD M15” and I’ll begin theGenerator.That is one other copy of the Generator. It should use the identical settings. I’ll let you know one thing in regards to the settings.. OK let’s begin this additionally! Now we have now two working Turbines and bothwill push the methods in the identical Assortment – that one. When I’m within the Generator and I’m changingsome settings – for instance like that one. I’ve two choices to shut this settingspanel. I shut it from right here or from this “OK” buttonand there’s a small distinction between each buttons. If I take advantage of that button, the adjustments are savedonly within the native technique. If I modify that one – if I take away the “Strategyfulfills acceptance standards” choice and shut from “OK” will even have that choice off. If I modify some choices and shut solely fromhere these adjustments are native and the subsequent technique won’t be affected.You see? Right here these are on and listed here are off. It is a little trick. Let’s have a look at what occurs with our Generator. It already generated twenty one methods. I am going to wait extra. OK, what can we do now? Each Turbines are producing strategiesand I can see these methods right here. For instance.. Let’s discover some attention-grabbing. I do not like this, I do not like this one. I’ll delete it. It is ineffective to maintain it… the place is it? Okay, that one, click on Delete. By urgent the Delete button I’m removingthe technique from the gathering. This one additionally shouldn’t be good. I do not see right here a great technique. Let’s have a look at that one. I can see the technique slots right here – the indicatorsand I can see the statistics of the technique.After I click on on a technique this system recalculatesthis technique and exhibits the statistics right here on the proper aspect. From right here I can open, by clicking this Openbutton or by double-clicking on the technique. I can open the technique in a brand new tab to checkit. This technique is that one. it is a quite simple technique. It opens at Earlier Bar Opening and closesat Take Revenue. We have now additionally cease loss, right here – Take Revenue. Why is that? Right here I’ve 223 pips. Right here is… Let’s make it 3000. OK. Why have right here 3000. I set within the Generator to generate Take Profitbetween 200 and 2000 however I’ve right here Take Revenue 3000. That is as a result of it is a totally different approach toset Take Revenue. I can set Take Revenue right here within the StrategyProperties however I can set it additionally within the technique as an indicator and since in all probability the Generatorcannot set right here greater than 2000 it finds a random-listed Take Revenue indicator and setit right here to 3000.Let’s have a look at what we have now right here! Hmmm-hm-hm we have now 23 pips, let’s attempt withStop Loss 30 pips. What is going to change? Ah that is no good. 23..If I make a really small change within the StopLoss the technique behaviour adjustments. More than likely it really works effectively with smaller StopLoss. Let’s preserve it 25 pips. Our program turns into a bit bit slower becausethis two Turbines are working. Collected 9, 28. Let’s have a look at within the Repository what we have now! Do we have now a greater technique? No, we do not. I am going to proceed working with that one.I do not just like the technique an excessive amount of. Why does it open at earlier bar? What is going to occur if we open in that bar? Bar opening, no, it is not working. Truly I do not like this technique and I’llclose it. Let’s have a look at what we have now: Calculated 1000 methods,collected 13 and right here created 31. I’ll pause the video recording and keepthe Generator working and I’ll resume the Generator later when we have now extra generatedstrategies. I truly, earlier than beginning the recording,generated a great technique. Let’s have a look at if we will “repeat” it. What I already saved is.. effectively it is not right here. Can I open a technique like that? I generated/ready two methods: thatone – technique one and technique two. Let’s have a look at what I have already got.Let’s have a look at that technique. This technique opens 0.1 lot and provides to openposition 0.1 and this system permits most 0.Four tons. Truly it opens (zero level) one lot andadds thrice we have now Cease Loss 100 pips and right here is 1000 factors. The technique opens a place at Bar Openingand closes at Day Closing. After I used the Generator it used the DayClosing however Day Closing has an issue on Friday as a result of the conventional Foreign exchange day closes at 24:00however for the Friday it is totally different. It depends upon the time zone. Let’s have a look at my dealer – when it closes the positionon Friday. Truly as we speak is Saturday and the marketis closed. That is the final bar and on this fifteen-minutechart the bar opened at 22:45, meaning the dealer closes at 23:00 and if I take advantage of hereDay Closing this system/the technique won’t shut the place on Friday as a result of itwill wait till 24:00 however my market closes at 23 so I’m utilizing Day Closing indicatorand I’ll set right here totally different instances for closing the place.What do I’ve by default? For day by day I’ve closing at 23 and 59minutes however for Friday I can set totally different hour. I’ll set right here 22 and 59 so the strategywill shut the place at 22:59, one minute earlier than the closing of the market. I am going to make it 55 to have 5 minutes. What extra do we have now? It opens at Bar Opening. Bar Opening is the opening level of the positionand we have now just one Opening Level for lengthy and for brief place and that is why we don’thave ambiguous bars. This is excellent. We have now two filters – Transferring Common Crossover. Quick Transferring Common is decrease than sluggish MovingAverage. What does that imply? Truly this isn’t a set off, that is afilter, as a result of if the situation was “crosses” (Quick Transferring Common crosses Gradual Transferring Common)this is able to be an occasion would set off the entry however truly it solely permits the entry.You’ll be able to see that on the chart. The place do we have now entries? I wish to see Transferring Common on the display screen. What we see is that clearly the yellow oneis the sooner Transferring Common. When the sooner Transferring Common is beneath theslower it permits lengthy entry and right here we have now the identical – the sooner Transferring Common is belowthe slower. What we have now listed here are 4 entries. One, two, three, 4 entries. And we’ll shut the place of the endof the day.What’s that? 23, do you see right here? 23:45. It’s the final bar. However what time it opens? It opens at 3:00. Why? Due to the opposite… Let’s have a look at the opposite indicator. Fisher Rework. What do we have now? Fisher Rework is decrease than the zero line. So with the intention to open a place we have now twoconditions Transferring Common – The sooner Transferring Common is beneath the sluggish one (to open lengthy)or the Fisher Rework is decrease than zero however indicators should give permission for openingand right here we have now the sooner Transferring Common above the slower and Fisher Rework is higherthan zero. That is why we have now a brief place, however whatI see right here – we add Three instances at three consecutive bars. What if as a substitute of including thrice I openat as soon as 0.Four tons? Why do I want so as to add thrice? Let’s have a look at if it will change one thing. OK right here we have now additionally three consecutive additions.So as a substitute of including I’ll change that to0.Four and I’ll take away that and I see even the technique efficiency now could be higher. So I can’t use the including. I’ll preserve (it) like that. I’ll save the technique to not lose it. I am going to save.. the place to save lots of.. to my Desktop. As a result of I dragged it from my Desktop… OK I’ll put it aside there. Let’s have a look at what extra we have now right here. Most stagnation – 91 days. Stagnation is the interval when the strategydoesnt make a brand new revenue. For instance it reaches right here the very best balancebut after that it begin shedding and right here it makes revenue till it reaches this peak right here,and this era from right here to right here is stagnation. It additionally has stagnation from right here to right here andfrom right here to right here.And the utmost interval is three months. It is not too dangerous as a result of for that tutorialI make eight methods and I take advantage of these eight methods to commerce in a portfolio. Let’s have a look at what the Turbines have. This assortment – 29, this assortment – 43. Let’s have a look at the Repository, do I’ve somethinggood? Possibly that one. OK. Let’s proceed with that technique. What we will do extra? We do not see ambiguous bars. That is excellent. However anyway, I can go to Comparator to make certain100%, as a result of we have now totally different interpolation strategies/backtesting strategies/ and the defaultone is the Pessimistic however after I change the strategies this system makes use of totally different guidelines insidethe technique and there’s a slight risk that one other technique will discover ambiguous bars. Truly this isn’t our case. No drawback and I’ve right here Monte Carlo device. Monte Carlo makes some noise within the knowledge andin the setting. It tries to make some adjustments to forestall thenormal work of the technique and the buying and selling. It simulates buying and selling flaws and I’ve hereseveral choices.The primary one is “Randomize historical past knowledge”/the primary group/ and “Randomize unfold”. Let’s make some simulations. I can set right here what number of simulations to make- 20, 20 exams with totally different simulations. Let’s have a look at what’s going to occur! I am going to run that. Let’s have a look at… That knowledge took very effectively. It appears that evidently if the market is barely changedthe technique goes to lose. That is not good. That signifies that the technique is overoptimized. See the outcome! Let’s have a look at what we have now within the Confidence Desk. What’s so dangerous in that technique? Let’s have a look at if the Unfold or the Randomize historydata is the issue! Ah! Okay! The randomization of the historical past knowledge is nota drawback. Even what I see is that the randomizationof the information does not have any impact on the technique efficiency however after I’m randomizingthe unfold the technique begins shedding. Let’s have a look at what choices I’ve: Unfold rangein factors – between 10 and 30. How a lot, how is my Unfold within the settings? That is the ActiveTrades profile and I goto Management Panel.I’ve to go to Image, EURUSD. My Unfold is Eight factors. Let’s let a better unfold – 10 factors andsee what’s going to occur right here! There isn’t a massive impact. And let’s set 20. When the Unfold is 20 pips the technique startslosing. What I can do? Let’s return that to 10 pips! I preserve it 10 pips or 8 – it was the unique. OK. What I can do is stop buying and selling when thespread is increased than 10 pips. How I can try this? We have now an indicator. A customized indicator known as Unfold Degree Professional,I believe. I’m not certain I’ve this indicator set. Let’s have a look at what customized indicators I’ve! The pc turned sluggish due to the runningGenerator. We go to Indicators. Sure I’ve this Unfold Degree Professional. We will obtain the symptoms within the Repository->Indicators. Now this system will reload the index. And we will discover it right here. Let’s kind by title! The place is the unfold degree? Unfold Degree Professional..OK, we see right here some indicators have thisMQL icon and a few indicators – do not have (it). When the indicator has this MQL icon thatmeans this indicator has MQL code and could also be used for exporting Skilled Advisors andthis Unfold Degree Professional has MQL code so I can use this indicator in my technique and I willadd this as an extra filter: Unfold Degree Professional. This indicator is working solely on… thisindicator works correctly solely on dealer mode. Which means — within the backtester mode we havea fastened unfold and that unfold is Eight pips however in buying and selling mode the unfold relies upon from thebroker, from the dynamic of the commerce, from the market. And I do not wish to commerce when the spreadis increased that the predetermined degree. The unfold is decrease than the chosen degree. It is a symmetrical situation.Which means that when the unfold is decrease than20 factors the indicator permits opening an extended and a brief place. How a lot to set? Let’s set 12 factors! And that filter does not impact my strategyin the backtesting mode however it will stop entries when the Unfold is increased than 12. I’ll save that. So that you see how helpful was this Monte Carlotool. Let’s take away that indicator for now and continuewith Monte Carlo examine! Let’s set random unfold between Eight and 12. That signifies that the Unfold will likely be for everytrade, for each deal will likely be randomized. Let’s check what we have now right here! Every thing is sweet so i set, I’ll use most12 factors for the unfold and my technique ought to work effectively.What are the opposite choices? Randomize historical past knowledge. Variety of modified bars – 20% of the bars andthe vary – Common True Vary adjustments 20%. OK. Let’s examine with Randomizing historical past dataand Randomizing the Unfold and in addition the technique is working effectively. That is good. The opposite choice is Randomly skip positionentries. This group of settings, they simulate flawsin the execution — buying and selling flaws. So “Randomly skip place entries” will skipan opening and “Randomly skip place exits” will skip an exit. “Randomly shut positions” means the brokercan shut place randomly earlier than our closing order. And “Randomize slippage” – let’s examine whatwill occur right here! I’ll take away that one, that choice. What I’ve for the slippage? Slippage – from zero to 5 factors. OK. Let’s have a look at! Hm! It is not working excellent. What if our technique misses an exit pointand will shut the place within the subsequent day.Let’s take away the Slippage and the Randomlyclose place, Randomly skip place exits. OK, let’s preserve the primary choice solely! What occurs if we skip place exits? Is it the issue? No, this isn’t an enormous drawback. So what we have now if our dealer misses a sign,(fails to) to execute the sign. This all could come up in several situationsfor instance if we have now issues with our web connection or with our laptop it might misssome entry or exit.Let’s preserve this simulation – Randomize historydata, Randomize unfold, skip place entries and skip place exits and see what willhappen right here! Every thing is OK. I believe the issue is from the Randomly closepositions, as a result of we open 0.Four tons and we’re utilizing a 15 minutes chart. Let’s go to the chart! Let’s have a look at right here within the Journal what we have now! We’re opening commerce through the day solely andwhere is our indicator chart? For instance we’re opening a place herebut if I take advantage of this Randomly shut a place earlier than the tip of the day and the positiondoesn’t have time to develop revenue.This Monte Carlo device may be very helpful to analyseour technique behaviour. This third group of choices is for randomizingstrategy’s indicator parameters. Let’s have a look at what we have now right here. We’re not going to vary our technique butanyway it is a check for overoptimization additionally. We see right here that the technique fails. What choices do we have now? Indicators parameters change 20%. Indicator param. most change. So at each check there’s a probability of 20%to vary the parameter and if the Monte Carlo device decides to vary the parameter is willset to most 20% of change.Let’s go to the Editor. I am going to take away that Unfold Degree Professional.. no, let’skeep it. Let’s attempt altering Transferring Common Crossover. What is going to occur if I modify one thing? Sure, it is OK. Quick MA is decrease than Gradual MA. Why I’ve so.. I’ll delete right here “Shift”. If I take away that shift what’s going to occur? Nothing. Let’s cancel that. Medium. Let’s make it Shut! No! It appears like this indicator is overoptimized. Let’s change that parameter! Nicely, that is OK. That is OK. Let’s have a look at right here the Fisher Rework – periodof 71. Base worth – Open. Why Open? Let’s make it Shut! Yeah, it is OK, nothing modified! And the interval is 71. Why 71? Let’s make it 50! No, it is not working. Let’s improve it. 60? 60 is OK. 60 is OK. 65? It is OK. 70? 71 is OK, 75? Additionally. 76… what occurred? Mhm..78, 80. That is additionally OK. I’ll return to 70 to be a spherical quantity andI will attempt to make this MA Crossover additionally spherical numbers. Let’s make it 60. It is all the identical 65, 26, ..OK I am going to leaveit. So I believe this technique’s prepared for buying and selling. I am going to put it aside. That is EURUSD M15, technique quantity two. I’ll put it aside underneath one other title. And title to make use of? Um… Prepared. OK. On Monday I’ll technique on my account butwe take away including and really the technique opens one place solely till the tip of theday and likely it would open someplace originally of the day. Which means the preliminary quantity shouldn’t be essential. So truly I can change that one and it willnot change the technique behaviour. It should change the ultimate stability, becauseI am decreasing the quantity but when I modify that it will not change something within the technique becauseit does not change the logic.It’s only the quantity. So I’ll check that technique with 0.1 lotbecause I wish to run eight methods. Additionally that is 0.1. truly this isn’t essential as a result of I don’thave including. I’ve cease loss. I wish to run Eight methods on my account,to make a portfolio of methods and that one would be the first and since this willbe the primary one I am going to change the title once more. It will be Technique EURUSD 1st and I’ll finda second technique. I’ll run two methods for each majorsymbol and I’ll try this in two days as a result of as we speak is Saturday.The Foreign exchange technique is prepared. I’ll make one other one from these generated(ones). I am going to finish this episode now. I’ve one technique prepared and within the nextepisode I’ll examine this generated methods and we’ll attempt to discover one other one strategyfor EURUSD market and later we’ll proceed with discovering methods for different main symbols. So thanks for watching this episode and we’llcontinue within the subsequent one. For those who like this collection, please subscribeto our YouTube channel. Thanks for watching! Bye-bye!.