Buy Boring Pips MT4_V4.1 (no dll)

Discussion in 'MQL5 Market' started by GOODMEN, 9 July 2024.

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  1. GOODMEN

    GOODMEN Administrator
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    #1 GOODMEN, 9 July 2024
    Last edited: 21 July 2024
    Boring Pips MT4
    V4.1

    Live trading performance: Live signals


    Have you ever wondered why most expert advisors are not effective in live trading, despite their perfect backtest performance?

    The most likely answer is Over-fitting. Many EAs are created to ‘learn’ and adapt perfectly to the available historical data, but they fail to predict the future due to a lack of generalizability in the constructed model.

    Some developers simply don't know about the existence of over-fitting, or they know but don't have a way to prevent it. Others exploit it as a tool to beautify their backtest results, they add dozens of input parameters without considering statistical significance, making the trading strategy excessively tailored to historical data and attempting to convince others that their EA can achieve similar performance in the future.

    If you are interested in this fascinating subject and want to get a deeper insight into over-fitting, please refer to my articles here:


    Avoiding Over-fitting in Trading Strategy (Part 1): Identifying the Signs and Causes
    Avoiding Over-fitting in Trading Strategy (Part 2): A Guide to Building Optimization Processes

    There are several ways to avoid losing money on an expert advisor whose only ‘edge’ is reading past data, and the easiest way is NEVER TO USE AN EXPERT ADVISOR WITHOUT LIVE TRADING RESULTS FOR AT LEAST 5 MONTHS OR 300 TRACKED TRADES, REGARDLESS OF WHETHER IT IS FREE OR HAS GOOD BACKTEST RESULTS. Monitoring the performance of live trades is the simplest way to observe the performance of an EA with data it has never seen before.


    Boring Pips optimization process - A rigorous validation process that creates a difference.

    Boring Pips undergoes a comprehensive and tailor-made optimization process called Anti-overfitting. This is a robust optimization process implemented to eliminate any influence of overfitting on the trading system, ensuring the generality of the constructed model. Please refer to the article linked in Part 2 above for a more in-depth look at this process.

    Anti-overfitting process consists of 3 stages:

    - Initial Optimization: This stage involves optimizing the Boring Pips using historical data from 2010 to 2019. The purpose of this phase is to test the initial premise of the trading strategy and extract the most robust parameters values.

    - Walk-forward: In the second stage, the parameters that performed well in the first stage are tested using entirely new data ranging from 2019 to 2022. The objective is to ensure the trading system's stability with fresh data and evaluate the predictive power of the model.

    - Stress testing: Parameter values that pass the first two stages will undergo Stress testing. In this final test, a simulation algorithm is used to introduce variables like Noise and Lag to the initial entry and exit points (determined by the selected parameters from Walk-forward phase). The goal is to push the system beyond its 'comfort zone' and assess the system's tolerance to random factors such as lag and noise.

    Live trading monitoring: The most robust parameter values extracted from Anti-overfitting process have been tested for trading performance with a real account since October 10, 2022. This account is being tracked via the link below.

    Code:
    https://www.mql5.com/en/market/product/103093?source=Unknown
     
  2. Danilo Cesar Ghilardi

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  3. Edi_forex

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  4. GOODMEN

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  5. Goonerfx

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    Just need one more person then we can start fundraising
     
  6. Jason88

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    Version 4.1 2024.07.19
    In version 4.0, the introduction of the 'Max positions per group' condition unintentionally results in secondary positions remaining open when the Grid strategy is turned off.

    Update 4.1 addresses this issue by ensuring that each group opens only one position when the Grid strategy is disabled.

    Now version 4.1
     
  7. GOODMEN

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    FUNDRAISING
     
  8. Edi_forex

    Edi_forex New Member

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  9. GOODMEN

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    ok
     
  10. GOODMEN

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  12. Jason88

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  13. GOODMEN

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  16. Danilo Cesar Ghilardi

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  17. GOODMEN

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  18. PauloC

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  19. Edi_forex

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    If you join than please also pay. Why always need weeks to pay. Admin you should be giving warning for the people who dont pay immediately.
     
  20. PauloC

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