Optimization Service for Roboteer

What you get

For a reasonable subscription to fellow Traders per Month, all of the issues governing how, what to optimize for, and when to optimize are taken care of for you.

A simple switch in FellowTrader's Roboteer will automatically download and use the latest optimized variable settings to maximize the return from Roboteer.

Using a copy of Roboteer, and subscribing to use the optimized settings here will give you exactly what Peter Parsons uses to make money from FOREX.

What is so important about Optimization?

If you do not optimize a system's parameters (variable settings such as the stoploss, profit take etc) then a system can drift away from the current personality of price action.

This will mean less profit, and ultimately even losses over time.

In the last 'TradeOff' competition, out of the top 10 best competing Expert Advisors, the top 3 all automatically re-optimize variable settings periodically to keep the system performing. IN fact there were better starters than the top three, but these 'tailed' off into losses over time. These EA's did NOT re-optimize at frequent intervals.

So what are the most important aspects of optimizing correctly?

These are :-

	Unambiguous and accurate historical market Data for the currency pair Traded (EUR/USD).
	What to optimize for to exclude curve fitting (Quality).
	Which system settings to include in optimization.
	Tested variable rolling time interval for historical Data to be used for optimization (for instance rolling 6 Months).
	Limiting the optimization extremes to give consistent returns.
	Using the correct time frame to give the most accurate results.

Lets take each of these in turn and described them more fully.

Unambiguous and accurate historical market Data for the currency pair Traded (USD/EUR).

FellowTraders actually collect Data from more than 20 sources, both MT4 brokers, other Brokers such as Interactive, and Data providers such as eSignal to compile an averaged Historical data set that is used for optimization. This collection is ongoing and dynamic each and every Trading Day. Fellow Traders are unaware of any other system developer that does this.

All of this data is then compared with both Metaquotes own data, and Alparis own historical data. Comparisions have shown that Alpari is the only Broker who not only allow access to their data for free, but are very close to matching standard market data. This means that optimization is more accurate, and that forward trading will match expectations pretty closely if you Trade an accoutn at Alpari.

This 'setup' then provides the best facility for optimizing .. !

FellowTraders have made a small video that shows some of the complexities of how the optimization process works on FellowTraders servers. This vbideo shows just one of the systems beiong optimized

You can see this here :-

Running an optimisation

What to optimize for to exclude curve fitting (Quality).

This is perhaps the most important aspect of optimization beyond accurate Data.

FellowTraders do NOT use any of the in built MT4 optimization parameters (Balance,Profit Factor,Expected Payoff, Maximal Draw down, or Draw down Percentage) but instead have coded the ability for Roboteer to output the actual optimized parameter (Quality) on each back-test pass. This is then collected in an external file and then sorted for maximum 'Quality'.

So what is 'Quality'?

'Quality' is a measure of a systems performance that can be used to compare disparate systems. It is actually the multiplication of two mathematical measures. The first being the expected return a system makes for every $ risked (called the 'Expectancy').

The second is the frequency of Trading over a period of time (1 Year) called the opportunity.

Quality = Expectancy * Opportunity.

Put graphically the following diagram may help :-

Quality explained in image form

Which system Settings to include in optimization.

This is actually far more interesting than you at first think. Fellow Traders have found that some system variables do not need optimizing every time, but do need optimizing to begin with, and then on a less frequent basis. Others need optimizing on a frequent basis.

All of this can be proved with out of sample forward trade testing. Quite simply, you optimize up to a past time period, lets say the end of May 2008. Once you have optimized, you can then forward Trade test by letting the optimized system back-test beyond the end of May 2008.

Forward trading into out of sample data

What this will do is show whether the system will have made money, and will also show you the 'tail-off' of profits as the optimized variables go out of date.

Tested variable rolling time interval for historical Data to be used for optimization (for instance rolling 5 Months).

The out of sample forward Trade testing will also help you decide when at what frequency variables should be re optimized. This is ongoing, and will vary with changes in the way the currency pair trades.

Limiting the optimization extremes to give consistent returns.

What does this mean?

Put simply, it means that what start and end settings should you optimize a variable setting within. For example, lets look at the stop value in pips and the profit exit value in pips.

There is absolutely no point testing from a stop and profit exit value of less than the spread (say 3 pips) and in reality the minimum sensible gains are probably 5 pips for the profit exit.

The stop probably needs to start from just outside the chop value for the currency pair. For the EUR/USD this is typically around 20 pips minimum.

At the other extreme, there is no point testing to a stop value of 1000, or a profit exit of 1000 if this means trades being kept open for Months at a time. Therefore a sensible end value of 150-250 pips for both stop and profit exit are probably right.

Using the correct time frame to give the most accurate results

FellowTraders use the most accurate data available. This is 1 minute charts. There is some argument that using the 'Every tick' model is not as accurate as it first seems. This is because the actual tick data is not available, and MT4 uses an algorithm to predict what the tick activity would have been within a 1 minute bar.

FellowTraders tend to use the 'Open price' model, as this is based on fact, not simulation. This allied to how the symbol modelling is set up can have a strong influence on just how accurate the optimization process can be.

 

100% Iron-Tight Money Back Guarantee!   You get to take this entire program.... THE ENTIRE JAM-PACKED PROGRAM.... for a 56 Day (8 Week) Test Drive.   You get 56 Days (8 Weeks) to make sure this is even much more than I've said it is.   If This Program Is Not Worth 20 Times What You Pay... You Pay Nothing!     I am so confident in this comprehensive program, I can guarantee you that just one Day or two watching the System, or reviewing the materials will change your Trading Fortunes   There is so much value here, you'd be insane to miss this golden opportunity! Remember the current price is an introductory one, and will rise soon

 

The retail price of Roboteer has been reduced from what will be the regular $297 to an introductory $97 This gets you the software to keep. An Additional $47 a Month subscription then keeps the variable settings in tune with the market, and will maximize your forward traded returns. The subscription to auto-optimization can be cancelled at anytime.

Order online safely and securely. 100% secure, full encryption is being used. You receive your order instantly via download page directly after payment even if it's 3am.

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Disclaimer

U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

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