Friday, December 19, 2008
Finally, the AME Cross Trader is available!
I just released the AME Cross Trader as a downloadable product. Actually I created a store where there will be several products available. But right now the only thing you can buy is the AME Cross Trader. This is an evolved version of the EA I used in the Automated Trading Championship 2008. So far the response has been pretty good.
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3 comments:
Hi,
I bought and downloaded AME Cross Trader.
I thought I should also be getting the MT4 Custome Library as stated on the website.
"With this purchase you will also receive the ameLib MT4 Custom Library absolutely FREE of charge."
Do you have the documentation on what and how to use the custom libraries?
Thank you.
Francisco
It was stated on the user guide section 5.3 "When to start the EA" to start the EA at the righ time otherwise you will most likely drain your account.
What do you mean? Can the EA monitor when to logically start?
Kiko,
The ameLib Custom Library is installed already. You can use it by creating a new Expert Advisor from a template. Choose the "Expert - AME Expert" template. This will create a basic EA that includes the library and has everything in place except for a few functions that you need to fill in. It will save you lots of time in creating Expert Advisors. Unfortunately, I have not completed the documentation for the library yet. It should be done in a few days.
As far as when to start your EA, the current version does monitor when is a good time to trade, but it does not if the current trend is just starting or just ended. If you follow the steps in section 5.3.1 of the manual, you will (more often than not) start your EA at the ideal starting place; right before a continuation or reversal of trend.
I purposely didn't have the EA wait for that "signal" because in some cases it could go for weeks before beginning to trade, even though there might have been many opportunities for it to make money. Maybe next version I will put a parameter in that lets you tell it to wait.
My suggestion to you is run several backtests (in visual mode) on different pairs and time frames so you can see on the charts where the good "starting points" are.
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