this Better Neural community Expert Advisor is the next generation of the Kub Expert Advisorthat won the Automated Trading Championship ‘ 2007.

The cornerstone of the Expert Advisor is a modified probabilistic neural system that predicts price dynamics to the next few bars. compared to the standard probabilistic system, the Expert Advisor utilizes pre-quantization of inputs to decrease the network dimension and continuing connections at the output layer of neurons to better ascertain time patterns.

furthermore, the network architecture has built-in tools for taking into consideration the dynamics of the behaviour of quotes at different intervals of the day (or in different periods of the trading session). Therefore, the Expert Advisor is designed mainly for intraday trading.

The Expert Advisor consists of two interconnected modules – neural network and trading. After learning from history, the neural network begins to transmit forecasts to the trading module of the Expert Advisor, while continuing to train on each new bar. Based on these forecasts, the trading module makes decisions about opening/closing a position. The trading system is a reversal in nature, with alternating long and short trades, without topping up and partial closing of positions.

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The parameters of the Expert Advisor can be divided into two groups: 

Parameters of the neural network module 

The neural network has two inputs, which are fed with the values of technical indicators calculated on a given timeframe. The user can select any of the 18 built-in indicators, as well as specify the period for each indicator.

• Indicators time frame-timeframe for calculating indicators (from M5 to M30, selected from the drop-down list).
• Input indicator #1, Input indicator #2-indicators for inputs (selected from the drop-down list).
• Period of indicator #1, Period of indicator #2 – indicator periods.

Parameters of the trading module

• Threshold – a configurable parameter that connects the neural network and trading modules of the Expert Advisor. If the network predicts a movement of at least Threshold points in the near future, the Expert Advisor opens a new position or flips an existing one in the specified direction. The lower the Threshold value, the more often trades are made.
• SL-stop loss in points.
• TP-take profit in points.
• Money Management – a type of money management. There are two possible options: 
  

  (1) Fixed lot size – trading is carried out with a fixed lot.
  (2) Fixed fraction of equity – the specified portion of current funds is used to open a new position.

• Lot size / Fraction of equity – this parameter sets the lot size if you are using constant lot trading (option 1) or the share of funds used (option 2).

Parameters for testing the EA on history: EURUSD, M1 (2009.06.01-2012.06.01, all ticks).

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