Aura Black Edition EA - neural networks in action
Aura Black Edition EA is designed to trade exclusively on Gold. According to the author, the robot uses neural networks in its trading algorithm. In particular, an artificial neural network with feed-forward (ANN), which is extremely difficult to verify - let's hope that the author is not disingenuous, although I very much doubt it. Aura Black Edition does NOT use dangerous trading methods such as martingale, grid, averaging, which means that it is relatively safe. At the same time, the adviser shows consistently profitable trading results from 2012 to this day, but for the period up to 2012, I have big questions. What prevented the Expert Advisor from trading profitably from 2003 to 2012? More on that below.
Сharacteristics of the Aura Black Edition MT4 EA
- Platform: Metatrader4
- EA version: 2.3
- Currency pairs: Gold (XAUUSD)
- Trading Time: Around the clock
- Timeframe: D1
- Minimum deposit: 500$ (per trading pair)
- Recommended broker: Roboforex, XM, FTMO
The author is trying to tell us about some kind of neural networks, but in my opinion everything is much simpler. The EA determines the direction of entering the market based on some indicators (possibly trend or channel ones) and opens a deal in their direction with the specified SL and TP, and then manages the open position using a trailing stop if the price goes in the right direction or closes the deal by Stop Loss if the price goes in the opposite direction.
And here is what the author says about his creation:
EA trained with a multilayer perceptron Neural Network (MLP) is a class of feedforward artificial neural network (ANN). The term MLP is used ambiguously, sometimes loosely to any feedforward ANN, sometimes strictly to refer to networks composed of multiple layers of perceptron's (with threshold activation). Multilayer perceptron's are sometimes colloquially referred to as "vanilla" neural networks, especially when they have a single hidden layer. An MLP consists of at least three layers of nodes: an input layer, a hidden layer and an output layer. Except for the input nodes, each node is a neuron that uses a nonlinear activation function. MLP utilizes a supervised learning technique called backpropagation for training. Its multiple layers and non-linear activation distinguish MLP from a linear perceptron. It can distinguish data that is not linearly separable.
Backtesting shows good results only since 2012, see tests. But until 2012, the work of the adviser is not stable and unprofitable (see the last test). How can this be explained? Optimization for a given period of history or historical data and market fluctuations in the period 2003-2012? I am more inclined to believe in optimization, and certainly not in neural networks. If I am wrong, and you think otherwise, then correct me in the comments, I would be interested in your opinion.
To achieve 99.9% of the modeling quality used TDS 2
But even since 2012, the EA shows profitable trading only with certain settings (Preset in the archive). With default settings, trading is unprofitable. And this speaks of optimization for the given trading conditions. If this were not the case and the adviser traded with different results, but profitably, then we could talk in general about a profitable and successful adviser algorithm. But alas, this is not so.
However, even 10 years of profitable trading with low drawdown is enough to get the attention of traders on Aura Black Edition, which is what I'm doing here. But the period of history 2003-2012 is very alarming, which can be repeated at any moment. And then the question is - are you ready to risk your funds to check it out?
Therefore, I urge everyone to be extremely careful and not trust this adviser with the money that you are not ready to lose!!!
The Aura Black Edition EA settings are intuitive and don't really need any further description, but I'll post it here anyway if any of you need clarification.
- Lot for Balance - Automatic lot calculation volume
- Balance - Automatic lot calculation step
- Fix Lot (if 0 then Auto) - Fix lot
- Number of Opened Deals - maximum orders
- Time to Start Hour - Start hour to open trades
- Time to Finish Hour - End hour to open trades
- Comments - Comments
- Magic - Magic number
- Open Opposite Deals - Enable opposite direction logic
- Max Spread - Spread filter
- Trailing On Off - Trailing stop on/off
- Trailing Start - Trailing start in points
- Trailing From - Trailing from in points
- Trailing Step - Trailing step in points
- Use Breakeven - Breakeven function
- Take Profit - Take Profit in points
- Stop Loss - Stop Loss in points
In the archive Aura_Black_Edition.rar (154.2 KB):
- Aura BlackEdition 2.3_fix.ex4
- Aura Black Edition.set
Free Download Aura Black Edition EA v 2.3