Friday, May 15, 2009

The God's Gift ATR Manual

As many of you may know, for the past several months I have been developing and testing a new version of the God's Gift ea I coded called the God's Gift ATR. This version of the God's Gift ea contains the original logic with position and market order size management adjusted as a function of the Average True Range indicator. These modifications ensure that the ea remains adjusted to current market conditions and effectively makes the expert's equity curve much more linear than with the traditional version of this expert advisor.

However, many traders are a little bit skeptical about the expert's logic because it seems rather complicated and obscure. They are right to be skeptical ! The god's gift ea logic is not very simple to understand and therefore it became very important for me to create a manual that could explain the inner workings of the god's gift expert advisor. My utmost concern is that traders can trust the trading system they trade and become profitable with real expectations in the world of forex automated trading.

Another very important problem that the manual addresses is the description of each one of the variables within the god's gift ea. Many people are confused by the many different settings that can be adjusted within the ea so the manual also explains what each one of these variables does. In the end I hope that the manual can provide a very good insight into the expert's entry and exit logic as well as the variables contained within the ea and how this can affect the way the expert advisor trades.

The manual is included within the new version of the ebook which is available from today and is also included in the newsletter subscription package for my expert advisors live and demo results. If you would like to learn more about the manual and this and other free and commercial expert advisors please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed the article !

3 comments:

Winter said...

Hi Daniel,

I have brought your forex ebook last month, hence, am I entitled for the manual ?

Regards

Winter

Daniel said...

Hello Winter,

Sure, you are entitled for the manual. You can download the latest version of the ebook by logging into the ebook's ftp, which is ftp://ebook@75.127.87.121/, login and password information was included with the email I sent you (more information on the ebook's page).

Winter said...

Hi Daniel,

Thanks for the reply. I have downloaded the latest version. Reading your blog is really an enjoyment.

I have tried to backtest the God Gift ATR EA and discovered that the parameters you used for your EUR/USD from 01/01/2000 backtest yields a better profit factor than from 01/01/2004 backtest. In fact, when I used one of the optimized settings for 01/01/2004 backtest, it yields a profit factor of about 1.7 but a lower profit trades about 59%. Can I send my backtest result to you for comments ?

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