Your expert advisor is very small in size, but very effective. Are you a professional programmer?
Not, not that professional, but I have been learning to write programs since I was 13.
Your Expert Advisor trades just phenomenally: 3 trades and almost 9 thousand of profits. Please tell what indicators are used in it - standard or your own ones?
Standard ones. As you noticed, it is very small in size. There are only 15 or 17 lines of my code. These are all my developments of those 30 experts I have written by now.
What indicators if it is not a secret?
It is a secret. At least, until the Championship ends. After that, I will probably lay down its trading principles.
Have you tested your Expert Advisor before the Championship? What were the test results?
I tested it in the Strategy Tester. It earns 32 500 pure profits on 19 trades, 5 lots per trade, on the time period from June to August. There are losing trades, too, though. There were 3 of them and they made about 15 thousand altogether.
Tell us about your system of placing StopLoss and TakeProfit, please. For your expert, Stop Loss-Take Profit-ratio is normally 6 to 10?
This ratio was just selected as the most effective ones for this specific expert. The lower StopLoss would not work ok - frequent triggering when it is no trend, but just rollback.
Hendrick thinks it is necessary to set SL and TP as precisely as possible. Karolp does, on the contrary, that it is necessary to find ranges of profitable indications. What is your opinion about this?
While writing expert advisors, I knew from practice that trailing stop rarely pays off, one just loses one's profits. Though, it can be related to my experts, not to the real trading. I tried to use trailing stops instead of strictly set profit. It did not pay off. Now I'm trying to use the most profitable ranges that would compensate market changes with great loss tolerance. This is what is characterized by my ratio of 6 to 10.
Why do you trade with only 5 lots? Why do not you increase the volume of your positions? Do you, like Vdiddi38, suppose that one should not increase the position volume when profits increase?
Actually, I did not suppose my Expert Advisor to be pretending to the prizes. Judging by the discussions before the Championship, declarations about 100 or 200% profits monthly were not even considered. It was question about 500, at least. But I am sure that one should not risk more than 25% of one's deposit.
You are doing very well now. But are not you afraid that this can hinder your passing over your competitors?
Maybe, though, to be honest, I did not suppose to compete with the leaders.
As far as we can understand, you did not use your Expert Advisor in real trading before the Championship? Why?
It had been written very shortly before I sent it to the Championship. One day before, to be exact. I did not have time and opportunities. It is under test now. After the Championship, I will decide whether it is worth to be used in real trading.
This will surely be interesting for many. Are not you going to distribute your Expert Advisor on a commercial basis?
Perhaps. I will not offer it for selling myself, but, if I am offered to sell it, why not to sell or lease it?
Hendrick has placed his Phoenix to the Championship, but he is working on a new version. Are not you developing anything new now?
At present, I do not work much on new expert advisors. Though I am developing one slowly. However, it will not be based on indicators - it will work analyzing graphical information from the chart.
Thank you very much for the interview. We wish you good luck in the Championship.