Strategy Quant - EA Analyzer 2

This EA strategy testing program takes the report produced after an EA test on MetaTrader, and gives you a great view of how well your EA really performed.

To name a few features: you can view statistics not found with the standard report given in MetaTrader; a person can export you trade list into a csv (Excel) file; EA Analyzer 2 also allows you to manipulated the trades made. Giving you a "What If" menu to change how your trades behaved. Were a person could exclude days/hours to be trading, change the number of lots, remove the highest/lowest profit trades, etc.

The program even has a couple of methods that could be applied to a persons EA, such as Equity Control and Monte Carlo. Both very useful in helping with EA profit and risk management.

But the best part of this program is that it is FREE!... Well, almost free. The Equity Control and Monte Carlo methods I described above are only available to taste, so you only get a portion of your EA analyzed with these two methods. But every thing else seems to be free of charge.

Now, I have only just scratched the surface in describing the tools this program has, so feel free to download it for free, and see for your self:

Strategy Quant 2 - EA Analyzer

Advanced Accumulation/Distribution Indicator: Directional Arrows

Here is another indicator that I've been playing with: Advanced Accumulation/Distribution (A/D) (Mirror 2)

With this indicator I used the standard A/D that comes with MetaTrader, and applied price direction of the current bar. So, if A/D displays as an upward signal, but the price direction is downward, then an arrow pointing upward will display.

Now, this indicator will display a number of false signals, so you would be wise to incorporate another indicator(s) or method to filter out said signals.

Update: Advanced CCI with Bollinger Bands

In the previous post Advanced CCI was producing too many bad signals, and not enough of the good. So, I applied a filter of sorts: Bollinger Bands.

Now, the indicator I've made is nothing new. I've seen this type of indicator running around on various trading sites. The only difference is that I programmed the CCI indicator to have a Bollinger Band array attached to it (this was made very easy by MetaTrader with the iBandsOnArray function), rather than dropping the Bollinger Bands on the CCI indicator every time.

So here is a comparison of the old Advanced CCI and the new filter one (the larger arrows are the new, and the smaller arrows are the old Advanced CCI; also, the chart is smaller than the previous post because I'm using a different computer):

The combo does cut back the amount of false signals compared to the old Advanced CCI indicator, but sadly even this nice, new filtered indicator still produces false signals. Stilling working on perfecting it just a little bit more, but so far not bad :).

Advanced CCI (Commodity Channel Index)

Here is another indicator I've made from the standard, and widely used, Commodity Channel Index (CCI) indicator found on all MetaTrader software. This one does the same thing as the Money Flow Index indicator I've made the other day, where it crosses a certain level (in the picture above the levels were set at 100 and -100) the appropriate arrow will display. This CCI indicator makes it a lot easier to see when CCI passes one of these levels, and as you can see it can predict tops and bottoms pretty well. Not perfectly, but pretty close.