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Fundamental Expert Advisor?

Discussion in 'Beginners Bootcamp' started by MattaMidus, Dec 3, 2009.

  1. MattaMidus

    MattaMidus Private

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    Hi this is my first thread/post ever in the world of forums so bear with me. I was wondering if its possible to program an EA that uses live fundamental analysis uploaded from a website along with technical analysis to trade? If so where would one do/learn how to do this?

    Also on a side note what is quantitative analysis and how can it be applied to Forex?

    Any help would be most appreciated!



    -MattaMidus
     
  2. fixaprobl

    fixaprobl Recruit

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    The Technical & Fundamental Expert Stock Advisor is great for novice investors as well as a time-saver for Expert Investors.

    Best Regards.
     
  3. Ricex

    Ricex Sergeant

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    Hi, in my opinion expert advisers do what they do because they use formulas of the type if A+B = C buy, but if A+B = D sell. Black or white, on or off, 0 or 1 type decision making. A little more sophisticated than that perhaps but that's the basic logic.

    Fundamental data is much more subjective, and often leads to a maybe, could be, might not, sort of situation. We see this very clearly on news events sometimes when we have an initial knee jerk reaction in one direction and then once all the calculations of what the figures really mean are done the price changes direction again, and under certain conditions the same figures will give different results depending on risk appetite in the market.

    How would you program that into an EA?

    Quantitative analysis I believe is better used on stocks rather than currencies and is very complicated. It would be a lot of work for no real gain in the forex world, there are much better, and more effective ways of analysing than this.
     
  4. MattaMidus

    MattaMidus Private

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    Thanks guys you really shed some light on the subject for me and hopefully other people with similar questions. I guess ill just stick with the black and white and stay away from the grey for now.
     
  5. BluePanther

    BluePanther Private, 1st Class

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    Got a news EA for you if you like!

    I have come across this one if you are interested. I haven't yet tried it, but it seems to be the most popular free download at their website:

    Fundamental Trader DailyFX CSV MQL4

    I might give it a try and post some results. If anyone else has results, please share them here.
     
  6. FringFX

    FringFX Sergeant

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    BluePanther,
    Have you tried it? How does it work? based on the name, it seems like it just notifies the trader of incoming news.
     
  7. Rambo35

    Rambo35 Corporal

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    I think that is all it does. Since there is no way to predict the actual news release and EA's use set formulas it would be impossible to have an EA trade a news release for you. Correct me if I am wrong?
     
  8. itkraze

    itkraze Private, 1st Class

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    Yeah, it is almost impossible to have an EA that can trade the news releases. Even if you can create some sort of EA then the brokers slippage and order execution will be a big problem that happens at news release.
     
  9. willforex

    willforex Corporal

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    Totally agree with you mate. This is an impossible task.
     
  10. FringFX

    FringFX Sergeant

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    most definitely. There are a lot of EAs built to trade during regular trading session hours, and yet most are said to fail. What more an EA that trades ultra volatile news times? It would be much harder to code such an EA.
     

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