Abstract
This research aims to optimize forex trading profit automatically using EA but its still keep considering accuracy and drawdown levels. The evaluation system will classify EA performance based on trading market sessions (Sydney, Tokyo, London and New York) to determine the right EA to be used in certain market sessions. This evaluation system is a web-based ELECTRE methods that interact in real-time with EA through web service and are able to present real-time charts performance dashboard using web socket protocol communications. Web applications are programmed using NodeJs. In the testing period, all EAs had been simulated 24 hours in all market sessions for three months, the best EA is valued by its profit, accuracy and drawdown criteria that calculated using web-based ELECTRE method. The ideas of this research are to compare the best EA on testing period with collaboration performances of each best classified EA by market sessions. This research uses three months historical data of EUR/USD as testing period and other 3 months as validation period. As a result, performance of collaboration four best EA classified by market sessions can increase profits percentage consistently in testing and validation periods and keep securing accuracy and drawdown levels.
Highlights
In determining the investment strategy in the foreign exchange market, decision makers have important roles and responsibilities to determine risks and profit targets.Decision makers are required to be able to make three important decisions, namely: 1. Prices will move up or down; 2
ELECTRE methods that interact in real-time with EA through web service and are able to present real-time charts performance dashboard using web socket protocol communications
All EAs had been simulated 24 hours in all market sessions for three months, the best EA is valued by its profit, accuracy and drawdown criteria that calculated using web-based ELECTRE method
Summary
In determining the investment strategy in the foreign exchange market, decision makers have important roles and responsibilities to determine risks and profit targets.Decision makers are required to be able to make three important decisions, namely: 1. Prices will move up or down; 2. Due to the importance of decision-making role in forex trading market, it is necessary to have a system to record and evaluate the history of transactions that have been done before in real-time so that it can help to provide performance reports from previous transactions. Nowadays it is the era of computer and information technology that has been developing quite rapidly. This evolution affecting the way of trading transactions method in the forex market to continues to grow. Utilizing current technology allows Traders to perform real-time analysis and trading over the internet
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