In this lecture, I will talk about the Crypto.com CRO Mainnet launching and I will share my prediction about the price of the coin.
How CRO Mainnet launching affected the CRO coin price
The Crypto.com Mainnet launch date was on the 25th of March 2021. Do you know the market and the community reacted? Well, very positive, and in the following lines, I will tell you why. Moreover, I will show you why the launch date was the biggest day for the CRO coin until that moment, and what is my price prediction for this coin in the near future and in the long term.
On the 22nd of March, 2021 we had some big news from Crypto.com, and below is what they posted on their website. “CRO Mainnet launching will be on March 25th“. According to their publication, this will be a fully decentralized, open-source, public chain with high speed and low transaction fees.
And this is right after they made an announcement of a 70 billion CRO burn and they state that they continue to aggressively pursue full decentralization of the network. We believe that the world needs a fully decentralized, open-source, public chain with high speed and low fees.
And you can read more about it in the blog of Crypto.com and on most of the news around the cryptocurrency market.
CRO coin chart
But what matters the most to me and what I want to talk about in this lecture is the reaction of the community on that day. And it’s very obvious, you need to look at the chart. So this is the CRO coin chart and on the daily chart, we have a very positive day. Not just a positive day but it’s a record day.
If I put the mouse on it, the lowest point is at $0.1341. This was the lowest point of the day, and the highest was $0.2739.
And if I switch to the hourly chart, we have some retracement right now. Of course, many of the people will take quick profits but that’s a huge move. If I go back to daily, you will see the whole picture. In 2020 the market was very positive for the CRO coin.
Then we had the negative market, this is when they lowered the referral bonus. So before it was $50 and after November, it became $25. So this is when you are referring someone and you both get a bonus. And the community didn’t really accept that well. The price of the CRO coin went down below 0.6, 0.5, I think the lowest point was just below 0.5, yes, it is 0.0498.
The “Salsa” formation
And then we had this formation right over here which in trading is called Salsa. It’s a very bullish formation, shows reversal and I was expecting that break.
So my first investment with the CRO coin was right at the end of this day. When these tops were reached, I bought them. This morning I bought again and I’m quite happy investing in the long term in the CRO coin.
Because I see that the community is back there and it accepts very well the news from the company. As well the 3 positive days that we have, they were because of some changes in the cards they offer. As well, the community accepted it very well. And then, boom. A record day, and it nearly doubled its value in one day.
As you can see at that moment, we had a negative day for Bitcoin, the first huge negative day after it reached the $50,000 threshold.
So having some CRO coins that are actually going into positive when Bitcoin has been negative is a great risk diversification for me.
I will see whether they will go and where it will close. If it closes above $0.30, I expect consecutive positive days.
But if there is a retracement, that’s really normal because a lot of the people that bought it cheap would be really happy to sell right now. I’m personally looking more into a long-term investment with the CRO coin because I really believe in the company. I like what they’re doing so far, Crypto.com is one of the exchanges I’ve been using. And most importantly,
I see that the community is back there. Actually, it has always been there, the fact is that now they accept really positively the news from the recent days about the Visa cards they offer, and then about the Mainnet launch date. So I rounded my CRO coins today to 10,000 exactly.
I haven’t yet calculated the average price that I have at the moment but I think it’s about $0.17 which I could have done better but I was waiting really for that reaction from the community to see that there is strong support from the Crypto.com fans and from the people who believe in the CRO coin.
CRO coin price prediction in short and long term
So how do I see the Crypto.com CRO coin price in the short term and in the long term and what is my prediction?
After such a positive reaction from the market, I easily see the CRO coin going to the dollar.
And I think that’s really possible to happen in the next few months or let’s say around mid-2021. And in the long term, I think there is a huge potential in the CRO coin because the exchange is new. Much newer than Binance, for example. And they do a lot of innovations.
Second, there is a huge strong community behind it. And third, this community reacts positively and that’s the most important thing. And look where the Binance coin is at the moment, and why not the Crypto.com coin reach these levels?
So I think in the long term, $100 for a CRO coin is absolutely possible but when I say in the long term, I think that’s about a year, maybe even 5 years from now.
If the company keeps announcing good news, news that the community accepts positively, I think they have a huge chance. And I’ll be happy to hold my CRO coins a longer time, staking them at Crypto.com, compounding the amount.
So please don’t take that as advice to buy CRO coins. I’m not saying that, I’m not a financial advisor. You should do your research, do your diligence, it’s your decision.
Please share your thoughts
Just how I see the market after having such a positive reaction. And my experience in trading shows me that after such a positive day, good times are coming for this cryptocurrency. At the same time, we have a negative Bitcoin but a very positive CRO coin. And because my biggest investment is in Bitcoin, I’m pretty happy buying CRO coin and having this diversification.
So I won’t be losing much value when Bitcoin drops and I have CRO coin going into positive direction. So I really hope that they will keep it up from Crypto.com to support a satisfied community because that’s the most important thing in Cryptocurrency trading and that’s what can drive the price with this momentum.
I’ll be happy to hear your thoughts about the CRO coin and the news and what is your price prediction in the comments below. I will see you guys in another lecture.
In this lecture, I will share with you how to use crypto trading software to create strategies and use them to trade with the major cryptocurrencies. You will see how easy it is to automate the strategies with one click and use them for trading with Robots on MetaTrader.
Here in the Academy, we use Expert Advisor Studio, which is one of the best strategy builders on the market. EA Studio is suitable for both beginner and advanced traders, interested in Forex, cryptocurrencies, stocks, and even gold trading. If you haven’t watched the free EA Studio Basics course yet, you can enroll here.
So, in EA Studio we have 2 options. The first is to generate strategies using the historical data that we have prepared, and the second is to build the strategy.
So if you have a strategy for any trading asset, let’s say Bitcoin, and you have your rules for the strategy, you can add them here.
Using multiple indicators
For example, I can add a rule. Let’s pick any of the Indicators, RVI, or let’s take the RVI Signal and for RVI Signal, we have a few entry rules. RVI line crosses the Signal line upward, RVI line crosses the Signal line downward, RVI line is higher than the Signal line, RVI line is lower than the Signal line.
I will select RVI line crosses the Signal line upward, the first one on the top and I click on Accept and you see that I have a Balance chart immediately, which is obviously losing.
But we cannot have a trading strategy just based on 1 indicator.
The best results are coming when we combine trading indicators.
So that’s why I will add as well an exit condition. And let’s grab now the RSI, which is one of the most popular indicators in trading. And again, we have a few more options here. RSI rises, RSI falls, RSI is higher than the Level line, RSI is lower than the Level line, RSI crosses, RSI changes. And the one I will be using is RSI crosses the Level line downward. This one right here. Then I click on Accept.
Improving the strategy
And look at that, we already have a profitable strategy.
That’s the Balance chart. So the account starts at 10 000. This is how it is set in the Tools and Settings. You can change that in the crypto trading software. I will show the settings in EA Studio a little bit later, but you will see that already from the two indicators.
We have a Balance chart and the best thing is that we see it at the moment. I don’t need to test this strategy on MetaTrader, but I see the backtest straight away, right after adding the indicators, and I can play a lot with the strategy to improve it. So for example, in the RVI period, I can increase it to 20. Let me see if that will be better. Not really.
I will go to 30. That’s a little bit better. But I see a huge drawdown in the middle. I will go to 40. No, not really. Let’s change the RSI. I will increase the Level line for example to 40 and the period I will go to 30, click on accept, not really.
Having the right parameters for the strategies
Let me decrease a little bit the period and I will increase it a little bit the level. I click on Accept, which improved the strategy a little bit. Now I will start increasing as well, the RVI, I click on accept, let’s go to 3, accept, we have a much better result.
I have hundreds of options actually for parameters, and especially if I use a few indicators.
It is really, really hard if you don’t have a strategy builder or crypto trading software to find out which are the best parameters for the strategies.
The good thing is immediately, right after we do a change, we see the results. Let me try increasing it one more time. Now, I think with 43 it has a much smoother equity line.
It depends with the amount and strategy to trade with
As well, we have Backtest output.
Net profit is 12 599 for the tested period. So the data starts from the 23rd of May 2017 and it is until December 2020. And we have a profit per day, $2. But actually, that is trading with 0.1.
If I increase it, for example, with 1 lot and I click on Accept, you will see the same equity line. This doesn’t change the strategy but it changes the result. As well, you can add Stop Loss and Take Profit if you want to.
And of course, you can decrease the lot to 0.01, it depends on the amount you’re starting with.
But one more time, this doesn’t change the strategy. It is the same equity because we have the same rules for the strategy. So it really depends on how much you’re starting and how many strategies or Expert Advisors you will be trading with.
Hiring developers vs. Using software for crypto trading
So once you’re ready with the trading strategy, here is the magic. In the upper right-hand corner of the crypto trading software, you can see Expert Advisor as shown below. If I click on it, I have the option to export this strategy as Expert Advisor for MetaTrader 4 or for MetaTrader 5. Let’s click on Expert Advisor for MT4.
Immediately, I have the code exported and that is the ready to use Expert Advisor.
Here is the code.
So if you are a developer, you can I guess change something, modify, improve or remove something. I personally do not touch anything in the code because I’m not a developer. I don’t know how to do it.
In the past, I used to hire developers to automate my strategies, but it was a very hard process because it is expensive to hire such developers. First, these guys take a lot of money, and second of all, it was taking a lot of time.
Doing a backtest on MetaTrader
Such a strategy at that time, that was about 4 years ago, I think, I was paying over $100 for such a simple strategy with 2 Indicators inside. And then there was always a problem with the strategy, with the code.
So I had to send it back to the developers and they were sending me the fixed version and sometimes it was taking a few months to have the final version of the strategy. But even when the Expert Advisor was complete, I didn’t have that type of statistic like in the crypto trading software. Backtest output, Balance chart, Indicator chart.
You can do a backtest on MetaTrader, by the way, but we don’t have so many details like in EA Studio. For example, if I click on the Indicator chart, I can see exactly where every trade was opened and where every trade was closed.
So one more time, the entry rule for this crypto strategy is the RVI line crosses the Signal line upward and this is when we want to Buy. And when we want to Sell it will be the opposite thing. And for the Buy, the exit is when RSI crosses the Level line downward. So if I click one more time on the Indicator chart in EA Studio, you can see below that I have the Sell trade right after the RVI crosses the Signal line downward in this case.
That’s why I have a Sell trade. I have a Buy, the RVI crosses the Signal line upward. So we can see very clearly where all trades were opened and closed.
And using this crypto trading software long enough gave me a great experience and knowledge about how Expert Advisors actually work and when they open trades.
Drawbacks of MetaTrader
And the bad thing with MetaTrader when you are looking at the Indicators is that they are repeating. Sometimes you might not see a cross. For example, at one point it looks like the lines are just touching and it’s really hard to say are they crossing or not.
And when the price changes, the cross might not be visual, but the strategy builder knows that precisely because we have all these values of bar opening, closing high and low, which we said comes from the historical data that we have imported. There is no mistake here. What happened?
It’s 100% accuracy and actually, that is something that is not possible for the human to recognize and to calculate. And one more time, there are hundreds of trades, for example, with this strategy. 506 trades executed for the tested period.
Looking for trades through charts will mislead you
So imagine if you have to go through MetaTrader or any other platform to put Indicators and to follow. Here, I will Buy. Where will be my exit? Where the RVI crosses? Will you see it? I see how close are the 45 and 55 levels in this case. And then this is my next entry. Where is my exit? What happened? Am I Buying?
So for example if you are Selling here and if you start from that moment, are you Selling, do you know if there is no trade already opened at this moment? You don’t know that. We don’t know.
I don’t know, personally, even I have a lot of experience, I know that if I go through the charts and try to look for the trades, it’s wrong. It’s a mistake. Many people do it, but it will mislead you with the results.
How to build a strategy
The only way to do it is with the backtest, such as this one with EA Studio. There is another software that can perform the backtest – the Forex Strategy Builder Professional. And MetaTrader also has a backtest, but it’s not that reliable as the one that we have performed in EA Studio. We have the Balance chart where we see exactly the balance for this strategy.
In the crypto trading software we have a Journal where we see all trades that are opened and closed for that period of time.
We have a lot of statistical information. Balance chart, Count of entries by weekdays, Profit and loss, Backtest output. But it’s a lot of information that you can find below and that shows a lot more about the strategies.
So this is how you can use EA Studio software to build your own crypto trading strategy and export it as an Expert Avisor robot for MetaTrader 4 or MetaTrader 5.
In one of my courses about crypto trading, I show how I’m using the Generator. And you will see that even if you don’t have such a trading strategy and you don’t know how to build a strategy, you can use the Generator, which will produce hundreds of strategies based on the historical data that you have prepared.
And if you don’t have historical data, if you don’t know from where to start, you can go just straight away with the premium data in EA Studio software, which is the very same data that I’m using for crypto trading. All I did is I changed the spread, the swap to make it work for HotForex, the broker that I’m using at the moment for Bitcoin trading.
If you enjoyed this lecture, feel free to share it across social media so more users can learn about EA Studio crypto trading software. See you in the next lecture.
Forex robot builder software is any program that allows the trader to generate, automate and analyze trading strategies.
Today we are going to compare the two Forex robot builders that we use in the Academy – Expert Advisor Studio and Forex Strategy Builder Professional.
First, we need to mention that both Forex EA builders are designed for traders who have no experience in programming. They can be used by anyone who is interested to use Expert Advisors or the so-called Forex robots.
How to Choose a Forex Robot Builder
I continue with a quick overview of the Expert Advisor Studio, which is the Forex robot builder I am using the most at the moment for the last 2 years and something. And I see with the many reviews I get from the students and the traders that take my courses that EA Studio is very suitable for beginners as well.
Easier to learn compared to Forex Strategy Builder. So if you want to use 2 of them, the EA Studio and the FSB, I would suggest you go first with EA Studio and then go with the FSB Pro Forex robot builder. And it will be easier because personally, I did it the other way around.
It was FSB Pro that I first started with because at this time EA Studio was not yet developed and honestly, it was harder for me to start with it compared to EA Studio.
If you start from scratch, definitely EA Studio Forex robot builder will be easier for you, and the 2 software are different. I’m not going into details about the difference between the 2, but EA Studio has some unique tools that are not available in FSB and at the same time, FSB has some features that are not available in EA Studio. So when I combine them, I find the best results. But that’s personal for me.
Expert Advisor Studio, or EA Studio
EA Studio is a web-based Forex robot builder software. This makes it really easy to use. All you need is a device with an Internet connection – a desktop computer, notebook, tablet, or even a phone. EA Studio helps the trader to create, test, and analyze Forex strategies and export them as Expert Advisors.
And if you want to start with EA Studio, you can check out the free course that we have on the home page. And now I will go through it very quickly. So you’ll have an idea of how we use the Forex robot builder and you will know what to do. There are 15 days free trial as well, which I would suggest you go for because it’s absolutely free and you can export as many Expert Advisors, test them, and see how it’s working. It’s a great experience for every Algo trader.
So the first thing we have in this Forex robot builder is the Generator.
The Generator is the smart tool behind the Forex robot builder software, which produces strategies based on historical data.
I already talked about historical data. I showed you the Forex historical data app and we have the premium data, which comes from the historical data app automatically.
It is uploaded in EA Studio automatically. So I don’t need to download it. What I do after that is I just make the data work for my broker and I will show you that in the next lecture. So after that, what I do, is I select the symbol, the period. Let’s say I wanna create strategies for EURUSD on M15.
The Balance chart in EA Studio Forex Robot Builder
And then I will go to strategy properties.
Here, we have the option to select how many lots we want to trade. Are we going to use Stop Loss or Take Profit? Are we going to set any criteria for the Generator or not and for how much time will the Forex robot builder be working? This is the working minutes. As well, we can select some preset Indicators, and then we have the acceptance criteria.
So if I uncheck those 2,
I just want to show you very quickly how the Generator works, immediately it calculates some trading strategies. The speed is really fast. And I already have a Balance chart for a nice strategy.
All of these trading strategies go into the Collection in the Forex robot builder, and from here I can choose the ones that I want to trade with.
If I click on the refresh button they will just refresh because all the time the Generator is generating strategies. Now, not all of the strategies look good. I can see what equity lines I have. These are not the strategies that I want to trade. I just wanted to show you that even if I didn’t do anything, the Generator will show me strategies.
Forex Robot Builder Acceptance Criteria & The Equity Line
But we have some criteria and this is actually the Acceptance Criteria. I didn’t use it. And in the next lecture, I will show you how I’m using it.
But in simple words, this is the place in Forex robot builder, where we can predefine, for example, how much of a minimum net profit we want or how many Count of trades we require as a minimum.
And the Generator will show us strategies only that fulfill these Acceptance Criteria. So I will not see a bunch of strategies here that don’t look good. Even at the moment, I have some decent strategies. For example, this one over here, you can see what a nice equity line it has, it has 2 entry Indicators, 1 exit.
But what I was saying is that when we use the Acceptance Criteria, we filter the strategies even before they were generated and shown in the collection.
After we have the strategies, you can do a few things. One is you can select the strategies you want to use from performance filters.
So basically, from here, I do, one more time, filtering the strategies. Let’s say that I want to see strategies that did a minimum of 2 000 USD as a profit. And just 5 of the strategies did over 2 000 USD of a profit for the period that we have. Or what I can do is I can just go through the strategies and I can select which ones I want to trade, just looking from the equity line.
Over-optimization in EA Studio Forex Robot Builder
And I have selected one of the strategies in the Forex robot builder randomly. I have 3 Entry Indicators and 1 Exit Indicator. This strategy doesn’t use Stop Loss or Take Profit because this is how I selected to run the Generator just for demonstrational purposes in this lecture. From here I have a lot of options. I can optimize the strategy, which means that I will look for better parameters. Let me just click on the start without setting anything.
And you see that I have actually a better strategy with different parameters.
Or in other words, the EA Studio Forex robot builder finds, which are the most appropriate parameters for that strategy. The equity line improved a lot. And this option is also available in MetaTrader. We have Optimizer there. It works much slower and it’s not that reliable as EA Studio.
I would go always for EA Studio if I have to do optimization and if I want to use the last parameters that it found, I will just click on this green edit button. It’s the same strategy but the Indicators have different parameters.
Now, optimizing the strategy is a little bit risky because we can over-optimize it. Or in other words, we’ll just find the best parameters for that period of time, which might not work in the future.
And in the next lectures, I will talk more about that because that’s super important. Just wanted to let you know what the Optimizer is. We have Normalizer as well, which is a unique tool in EA Studio.
You cannot find it anywhere else at the moment.
Let’s click on start. I don’t know if it will be able to do it right now, but basically, it will try to remove useless Indicators or to reduce the parameters. And right now, I didn’t do any changes. I didn’t set up any different settings. And as I’ve said, I will talk more about it later. The walk forward is a little bit of more advanced tool.
I will just click on start and I will show you what’s the idea. Here we check if the strategy was over-optimized. Basically, how does it work? It divides the whole backtested periods in a few segments. It does optimization for 1 segment and then it tests the strategy for the next segment. After that, it includes the new period, does optimization, again and again, then simulates trading. This is why it’s called Walk Forward.
The robustness tools
Step by step, it checks if the strategy was over-optimized, and because I used the optimizer, it’s very likely that the strategy will be over-optimized. And I will just stop it now because as I said, it’s a more advanced topic and it requires a lot of explanations. I have a lot of free videos about it as well. Then we have the Monte Carlo, Multi Market, and Out of Sample tools, which are robustness tools.
This means that these tools are not changing the strategy like the Optimizer, Normalizer, and Walk Forward but they just check if the strategy is robust enough to perform profitably in the future. For example, this strategy that I picked randomly without any settings in the Forex robot builder, one more time is very likely to fail. I will click on START and let’s see how many tests will be validated.
Actually, it’s doing pretty good. 20 out of the 20 are validated.
So what the Monte Carlo did in this case, it’s messed a little bit the historical data, it checked with different spread, slippage. Also, it tried to break the strategy, skipping position entry, and skipping position exit. And as well, we have a few more options. And actually, I use the most the last 2 options.
The Multi Market
I will tell you why a little bit later in the course. But basically, here, the idea is that we don’t want to see many backtests to fail. It does a variety of different backtests with different parameters and different spread. And if the strategy is robust, it just doesn’t fail like what happened right now. So we can depend on that strategy. The Multi Market checks if this strategy is profitable in other markets.
So I have in the Forex robot builder, for example, BRENTCMDUSD, which obviously is not Forex. I will just switch to some currency pairs and anything. I will just click on start and I will see how the Forex robot builder works for any other market that it chooses.
Let me make something clear for the Multi Market from the beginning. If the other markets are losing or the strategy loses on the other currency pairs, this doesn’t necessarily mean that it’s a losing strategy.
Because initially, it was created for EURUSD and not for the rest. But if the strategy is profitable on 4 out of the 5 or 3 out of the 5, then this is great. Because this way, you will feel more comfortable using it when you know that it’s a strategy that would work on other currency pairs as well.
The Out of Sample monitor
And then we have the Out of Sample Monitor, which is very useful.
This is a preferable method for many of the traders to test the strategies, and it helps me to avoid Demo testing and it gives a lot of statistics. But what’s the idea of the Out of Sample? It’s a lot of information I’ve brought to you in this lecture.
If you are looking at a Forex robot builder for the first time, but just wanted to give you an idea, what are the different tools, in the next lectures I will go through those in more detail.
But Out of Sample does something very simple. It divides the whole backtested period into 2 zones. The white zone is the In Sample part and the Green Zone is the Out of Sample part.
And in this case, we have 30% Out of Sample. I can change it to 20, for example.
So if we use 20% Out of Sample, that would mean that the Generator will use these 80% to generate strategies, and then it will simulate trading for the last 20%, which will be very similar if we have placed that strategy on a Demo Account. And in this case, the Out of Sample starts from the 4th of February 2020. And until the moment today is the 20th of November.
This is a lot of testing that I would have wasted on a Demo Account to see if the strategy was profitable or not. It was profitable with 601 USD in this case. Basically, this is what it means. This is the Out of Sample in EA Studio Forex robot builder.
And in the next lecture, I will show you how I’m using it. It’s very useful. As well, in the next lecture, I will show you what is the Reactor, because this is the tool that made EA Studio the best software out there.
The Reactor does everything I showed to you. Absolutely automatically. I don’t need to go through all of these steps manually anymore.
It wasn’t like that before. But then they created the Reactor from Forex Software company. This is the company that has developed EA Studio. And once we had the Reactor, it was a game-changer. Everything happens automatically.
And in the next lecture, I will show you how I use it and how you can test it as well with the free trial.
Forex Strategy Builder Professional, or FSB Pro
This Forex robot builder needs to be installed on a computer. It allows the trader to build a strategy and see the results in real-time. Using Historical data from the selected broker, the trader can see how the strategy performed during the last months or years. If the result is satisfying, one can export the strategy as Expert Advisor with one click.
FSB Pro comes with a 15-days free trial as well. During this time you can analyze your own trading strategies or create new ones, and export them as Expert Advisors for algorithmic trading.
Trading Strategies Generator
Forex Strategy Builder Professional generator uses hundreds of indicators, which means that the trader can use custom indicators. There is the option to lock and link indicators.
Suitable For Manual Trading
In Forex Strategy Builder Pro you can build a trading strategy that you are using for manual trading and analyze its performance in detail.
If the user is a developer, he can use his own trading indicator in FSB Pro.
Trading Strategies Portfolio
FSB Pro helps the trader to compound strategy performance with different statistics, stagnation period, and real-time performance analysis.
Final Words About Forex Robot Builder
In conclusion, it is hard to conclude which Forex robot builder is better because they are simply different programs. But we can say that EA Studio is more suitable for beginner traders, and FSB Pro for advanced traders.
Also, if you are a fan of using strategies for the Range market, you better choose EA Studio. And if you are more a trend-follower, you can select FSB Pro. As a result, experienced traders prefer to use both programs together.
Hello everyone, in this lecture, I will show you how you can backtest Forex strategy Expert Advisor on MetaTrader & EA Studio.
It is very important to backtest an Expert Advisor before trading with it. And as well, you need to know how to backtest it exactly, depending on how the Expert Advisor works.
As I’ve said, these Expert Advisors work on the opening of the bar. So this is the option we will be using.
Now, if you want to backtest Forex strategy Expert Advisor, you need to click over the chart, go to Expert Advisors and go to Strategy Tester.
A new window will pop up below and usually, everything is fulfilled automatically.
You can see the Expert Advisor, the currency pair, and Model is Open prices only because these Expert Advisors open trades on the opening of the bar. So they use the open price.
And if I click over it,
you will see that we have every tick, the most precise method, it says, but there is no tick data in MetaTrader. It’s a kind of an illusion here that we actually don’t have big data, but there is such an option. So, don’t go for it. So we have control points and we have on the bottom the open prices only which says the fastest method and you will see actually how fast it works. On the right side is the period, the spread.
And all you need to do then is just click on start and you see it happens for less than a second. It’s super fast. And if I go to results,
you will see that I see every single trade where it was opened, where it was closed, how the balance line went and how many trades basically I had. And if I go to the graph,
the more interesting thing is you can see how the equity line went with the strategy. It is on profit.
We have as well report where we see some statistics.
But this is really not enough what we see as statistics. We have consecutive wins, consecutive profit. And what’s interesting here, we have consecutive losses as well. We have the maximal drawdown, which is 1.71% pretty good. But for me, that is not enough
How to Backtest Forex Strategy in EA Studio
Now, I will show you how to backtest a trading strategy in the EA Studio strategy builder software.
But let me close it and I will make one more backtest on USDJPY on M15 for example. I will right-click and go to Expert Advisors and I will go to Strategy Tester. Here it is. All is set automatically and I click on start and let’s see what we have as a graph. Here it is.
You can see the strategy is different. The backtest is different. We have a bigger drawdown right here.
Use Historical Data to Backtest Forex Strategy
I guess we will see in the report. Maximal drawdown of 3.07%.
But again, this is not enough as statistics and as well it is not enough as total trades 121.
And why I have all the 121 trades is because I don’t have enough historical data on Meta Trader. 121 trade that happened in the past is not enough for me to consider this strategy as robust. Of course, I know it is robust because I have done the test on EA studio and I know that for many more count of trades the strategy is profitable.
But if you buy an Expert Advisor from the market and you test it on Meta Trader and see just 121 trades, you will be like, oh, I’m not really sure if this is a robust strategy. Because the strategy executed just 121 times and I’m not sure if it will work in the future. That is why we want to see a minimum 300 count of trades, 500 is preferable, more it is even better.
I continue about a week after I have placed these 12 Expert Advisors on a small Live Trading Account for the purpose of this course. And you can see that already I have a 15 USD profit, not a lot of profit for 5 days.
But as you notice, as time goes by, the profit gets a little bit bigger. We see all the trades that opened and closed. Some more Take Profits were hit, and 15 USD in 500 account is 3%. Not bad for 1 week.
And obviously, I have these Expert Advisors on bigger accounts. But, one more time, I wanted to show a relatively small amount for this course because I don’t want anybody to accept it as a recommendation. If I show a bigger amount, I don’t want anybody to feel like trading with a bigger amount. I want you to start with an amount you feel comfortable with. Of course, as I always say, start first with a Demo Account.
You saw how the backtest on MetaTrader works and how it looks. And now I will show you what’s different when we backtest Forex trading strategy with strategy builders. We did it for the USDJPY. Here it is. You see some nice trades, some short trades happened recently.
I will go to File, Open Data Folder,
I will grab these Expert Advisors for the USDJPY. So I will click on Experts,
and I will take the 2 USDJPY Expert Advisors. Let us copy them and I will minimize the VPS.
I have the Expert Advisor Studio with some strategies that I recently generated for the GBPUSD. But I will show you later on in the course how I am doing it. I will go to Strategy, and right into the editor we see an arrow where we can have a drop-down menu and I will go for the option to Import an Expert Advisor back or this is possible as well with the ctrl + I from your keyboard. I will just click on it.
Williams’ Percent Range
And on the folder that I have prepared before the lecture, I will paste the 2 Expert Advisors for the USDJPY. Here they are.
Let’s open the first one, for example, the one for the hourly chart. Click on Open and you can see what is the strategy behind the Expert Advisor.
I will show you so much more statistics. You see what a balanced chart I have.
As well, you can see backtest outputs where we see the most important like profit per day, but that’s for 0.1 lot, maximum drawdown, return to drawdown ratio, count of trades. And in the middle, we see the strategy itself. Something we don’t see in the trading strategy backtest on MetaTrader. I have an entry rule with the Williams’ Percent Range. If I click on it, you will see that Williams’ Percent Range is the Indicator and the rule is Willams’ Percent Range crosses the level line upward, period of 23, Level of -14.
And I have an exit rule with the Envelopes and the condition is the bar opens above Upper Band after opening below it, and we have the parameters below.
What more do I have? I have the Indicator chart which is absolutely fantastic.
You can see where the trades were opened and closed exactly. And where we have short trades and long trades. So for example, when we have red bars or small lines, you can call them below the chart, it means we are in a short position. And for example, right here we have 2 long positions.
Take Profit and Stop Loss
So you see where the new bar opened according to the entry rule and where the Take Profit was hit. The green small lines are the Take Profit and below that is the Stop Loss.
So every strategy obviously has losing trades and don’t expect to find strategy only with profits. But, of course, we wanna have more profits than losses. And with strategy builders like EA Studio, it’s very easy to find such strategies. And I will show you later in the course. But let’s have a look, for example, at that trade here. The bar opened after we have the Williams’ Percent Range crossing the level line.
Then we have the Take Profit, Stop Loss is somewhere below. I cannot see it at the moment. And I have as well the exit condition, which in this case, I think applied right over here. With this trade, you can see the trade was open here. The Take Profit was not hit. I have the exit condition.
If I go back to Editor one more time and I click on Envelopes, the bar opens above the upper Band after opening below it, we have the bar that opened above the upper band after opening below it.
The Bollinger Bands
And this is actually a very interesting situation and example that I caught here accidentally. And I want to explain it a little bit more. So stay with me. This is very important what I will tell you in the next few minutes. Now, in manual trading, when you go back over the chart and you put the Indicators and you want to see how the strategy would behave, where is the trade, where the Indicators crossed, and so on, it is very tricky and misleading because the Indicators are repainting.
Now, at this moment right here, the opening of the bar was above the upper band and the opening of the next one is higher. What happened is just the Bollinger bands, it continued and it changed and when we look at it later, it looks like the bar was below the upper band. But the strategy builder, the software clearly shows that at that moment the bar opened above the upper band and not below it.
I will say it one more time. At that moment when this bar opened, the Bollinger band was below the opening point. And we see it above now because the Indicators repaint. They follow the price and they change after the price. So if I put the mouse exactly on the opening of the bar, I want you to focus on the values that we have below the chart. You will see that I have a bar with open price 105.988.
The exit Indicator, which is the Envelopes, has upper band with value 106.01 which is the fixed value after the bar was closed.
But at that moment when the bar was opened and the price went up and down for 1 hour, this value for the upper band of the Envelopes, it was moving up and down, OK, it was not 106.01 the whole time it was moving, it was changing. And at the opening of the bar, it was below the price of 105.988.
That value of 106.01 came later when the bar was closed. So what happened? The trade actually closed here, but if we go back and look at it, we will not see that we have the exit. So this is the huge, huge difference when we use strategy builders like EA Studio and this is the benefit to backtest Forex strategy because we see exactly what happened, where the trades were open and closed. You can see here consecutive profitable trades. Very beautiful.
Long trades, another one, third one, fourth one, fifth one 5 consecutive trades on a profit. Very nice. And if I don’t have that and I just put the Bollinger band and Williams’ Percent Range on MetaTrader, and I look at the chart. I don’t know when this happened. I don’t know at any moment am I in the trade already or am I starting here? Should I exit here? You can see how hard it is. It is just on the upper band of the Envelopes.
Backtest Forex Strategy with EA Studio
Sometimes, it is so hard to understand the value of the Indicator, it is just a few points and pips, and here I can see very clearly that I had a trade opening. In this case, it was because of Williams’ Percent. Same thing with Williams’ Percent Range. You see that there is a cross. Sometimes it looks like a touch and you cannot be sure on the chart on MetaTrader whether there was a cross or not.
But if I put the mouse on it, you can see very clearly now that the Williams’ Percent Range level at this moment was -15.831. And the previous value was -10.484 which means that it was below the -14 and then it went higher.
But sometimes it looks like a touch over the chart and you cannot understand what happened there. Was there a cross or not. And if you don’t backtest Forex strategy and if you don’t have the strategy builder, you cannot really understand how the strategy works.
You don’t know where the trades were open and closed, but with EA Studio especially, which I find to be the best strategy builder at the moment for the last 3 years, I can tell that this. It’s not just because we have integrated on our website, but because we have been testing all of the strategy builders out there, all of the software available. And obviously, I want to use the best one at every moment.
The most profitable trades
EA Studio is so much ahead of every other software. And that’s why we have integrated on the website. There is a free trial that you can take advantage of on the homepage. There is a free course as well. And in the next lectures, I will show you more about EA Studio, how I am using it, how many other traders are using it, how we generate and create new strategies, and how much easier is algorithmic trading with such a piece of software.
What’s more, statistic is not just the Indicator chart, the balance chart, and what we see right here on the Editor. But if I click on the report, you will see stats information which will give you so much more about the strategy.
This is the backtest outputs. So you see how many things we have as information. We have the Balance Chart. We have the Count of entries by weekdays, Profit and loss in currency by weekdays.
So we can see when this strategy profits the most. Obviously, in this case, it is on the Thursdays. And if I scroll lower, you will see much more information and you can see the profits and losses by entry hour you will see the position profit by position holding time.
So what that means is that the most profitable trades are just in the first hours. You can see a lot of green dots over here and below we have monthly performance in currency so we can see back from, in this case, November 2017.
I have said it this way, just to have a look at it for the last 3 years. But you can notice that there are months of losses for this strategy. This period over here in 2018 was horrible for this strategy, but that’s normal. We always have profitable trades, losing trades. We have profitable months, we have losing months as well. But the idea is that with EA Studio we can have these kinds of strategies where we will have more profits than losses.
And when I trade a portfolio of strategies or I trade, for example, 12 Expert Advisors like what I’m demonstrating in this course, they compensate each other. When this strategy was losing in this period, the others were profiting. And this is exactly the risk diversification. And I’ve mentioned that I have selected to use 3 years of historical data to backtest Forex strategy, but if I go to data and I go to data horizon, I can increase it as much as I want up to 200 000 bars.
And this is because I’m using the premium data or this is the data from the Forex historical data app that I already showed, which is the best solution. And this data comes automatically in EA Studio, so I don’t need to download it. It is here all the time. All I need to do is to make it work for the broker that I have selected to use and in the next videos, I will show you how I’m doing that.
Take advantage of the 15 days free trial
So this is the difference between when we use EA Studio software and when we backtest Forex strategy on MetaTrader. Honestly said I’m not doing backtest on MetaTrader. I just show them in some of my courses when I compare the software and I compare MetaTrader, it’s a huge difference. But of course, that’s professional software. However, I will share some more of it in this course.
But if you don’t want to do it by yourself, no worries. I will include the already 12 Expert Advisors always. So you will not need to do it by yourself. All you can do is just play with it. Use the 15 days free trial. It has no obligations and you can export as many Expert Advisors as you wish. That’s the beauty – with 1 click I export the Expert Advisor. I don’t need to have programming skills. I don’t need to hire developers. It works with 1 click. This is why initially I took it.
Then after I saw its capabilities, I knew immediately that we needed in the Academy and everyone in the team uses it and now hundreds of our traders. And that’s why I’m sharing it with you. Let’s go for the next lecturers together and you will see more of the course and you will learn more about Expert Advisors.
EA Creator is the tool that every advanced trader wants to use
In this post, we are going to have some fun. We are going to generate Expert Advisors, we’re going to select the best strategies, I’m going to show you how to filter them, and we are then going to take our Expert Advisors that have been filtered with the best performance and place them on all 4 of our Demo accounts. That is possible with EA Creator.
We’re going to track the progress of the Expert Advisors on each of the Demo accounts, and we’re going to select the best ones. From there, I’m going to show you how we open a second Demo account, which will simulate a live account, and how we then select the best performing Expert Advisors from our Demo accounts and place it onto this live account and then start monitoring the performance.
What is EA in Forex trading?
I’m going to be showing you how we generate our strategies using EA Studio software and how we then download them as Expert Advisors. The first thing you’ll notice is that on the right, under My data, I have the data that we have imported from IG, from ForexTime, and from DukasCopy.
But there is no data here from JFD. The reason for this is if we go to our generator, the first thing under historical data we have is the data source. And here, you can select. So as you saw, we have IG, we have ForexTime, and we have DukasCopy.
The lots in the EA Creator sets your trading volume
But the very first one is Meta Trader Demo. Now, Meta Trader Demo is, in fact, historical data from JFD. We don’t need to import it because it is already in Expert Advisor Studio and it gets updated daily. So you always have the latest historical data available from JFD within Expert Advisor Studio.
Let’s run through how we generate our strategies. The first thing is we go to historical data, we select our data source, we select our symbol.
Now, on the drop-down, you’ll notice that we have a number of different assets or a number of different currencies available.
And this is, again, because the historical data for all of these currencies is within EA Studio from JFD. In this course, we’re doing EURUSD, so we’re going to keep it at EURUSD. And the period, we’re going to keep at H1. You can select all of the different time periods but we are creating Expert Advisors on the one-hour chart, on the H1.
I see that we have 37,000 bars and the date is from 2014 to current. The next thing we are going to do is go to strategy properties.
Entry lots – here is where we can select our entry lots. I always keep it on 0.1 and this is my recommendation to you, especially if you’re a beginner trader.
Don’t make it too big because you are going to amplify your risk too much. Stop Loss, we have a number of options – we have Always use, May use, or Do not use. We’re going to keep it on Always use. Under Type is Fixed, Trailing, Fixed or Trailing, and we’re going to keep it on Fixed.
Minimum pips, we’re going to keep it at 10, and Maximum pips, 100. Then for Take Profit, we’re going to do very much the same thing. We have the options of Always use, May use, or Do not use, and we’re going to keep it on Always use. Minimum pips is going to be 10 and Maximum pips is going to be 100. Then generator settings.
So working minutes – here is where you would put the amount of time that you want your generator to run. I usually keep it between 300 and 600 minutes, which is between 5 and 10 hours. If I’m going to let it run overnight, I’ll put it at 600 minutes.
But it is now morning and I wanted to generate strategies by this afternoon. So I’m going to put it on 300, which is 5 hours. Search best, so here, again, there are a number of options. We’re going to keep it on Net balance. Basically, what will happen is that the strategies that have produced the highest Net balance will be first in our collection under Out of Sample. We’re going to keep it on In Sample.
Acceptance criteria is crucial in the EA Creator
Max entry indicators are going to be 4, and Max exit indicators we are going to leave at 2. Then Generate strategies with Preset Indicators, if this is selected, just unselect it. And ensure that the checkbox for Use of the common Acceptance Criteria is selected.
We’re then going to click on Acceptance Criteria and that will bring us to the page below.
Now, this is where we set the Acceptance Criteria for our generator and this is where we set the parameters that we want our generator to use when creating strategies.
So what we’re going to do is we’re going to make our Minimum count of trades 300, Minimum net profit and Minimum r-squared we’re actually going to get rid of. And how we do that is very easy, we just click on the red X. Then we’re going to click on Add Acceptance Criteria and as you can see, here, we have a lot of options available.
And the one that we’re going to use here is Minimum Profit Factor. Here we’re going to set this to 1.2. So what do these 2 mean? Minimum count of trades, what it means is that this strategy must be tested a minimum of 300 times over the historical data, and the Minimum Profit Factor must be 1.2.
EA Creator: Expert Advisor Studio
So in other words, if we take all of our wins versus all of our losses, the Profit Factor needs to be 1.2. For In Sample and Out of Sample, we’re going to leave. We are not going to use that. Then from here, we’re going to go back to our generator and we’re going to click Start.
Now, what you’ll see is that it’s calculating strategies very quickly. And as it finds strategies based on the Acceptance Criteria that we put in, it will put them into our collection. So we’re going to let this run over the next 5 hours. And when we’re done, we will have 100 strategies in order of the highest net balance over the time period.
So the next step is that we’re going to do exactly the same thing using the historical data from the rest of the brokers. Now, one of the great things about Expert Advisor Studio Is that you can run multiple instances of the generator in different browser windows.
So while this generator is running, we’re going to open another browser window. We’ll bring it across here and we’re going to go to the generator.
We’re going to select the historical data from one of the other brokers, in this case, Let’s use IG-DEMO.
If we then go and we look at our settings, they will all be saved. So all the settings will still be the same. Great Acceptance Criteria, you can see that the Minimum count of trades is still 300 and the Minimum Profit Factor is still 1.2. We then go to Generator, make sure that’s an IG-DEMO, and we press Start.
And as you can see, we now have 2 generators running.
And I’m going to do exactly the same thing with the other 2 brokers. So in 5 hours when all the generators have completed, I have 400 strategies in total. And from those 400, we will filter them down to 10 each, which will give us a total of 40.
And those 40 are the EAs that we are going to use on each of our platforms.
What is EA in Forex trading?
Our generator has now finished running and we have 100 strategies in our collection.
Now, if you remember when we generated our strategies, we used certain Acceptance Criteria. One of them was a Profit Factor of 1.2 and the other was a Minimum count of trades of 300.
Now, what that means is that the strategy will be tested across all of the historical data and it needs to be at least 300 trades where the minimum Profit Factor is 1.2. Now, what we used to have to do is go through all of these strategies and then decide whether or not we would use them.
Minimum count of trades
So, for example, if we go to page 10, you can see a really bad equity line, big drawdowns, a lot of stagnation. And what we would do is we would go through all of these, and we would delete the ones that we don’t want, until we got to the quantity of EAs that we wanted, which in this case is 10.
However, there’s a very cool new feature in Expert Advisor Studio, and that is the filter records. So what we’re going to do now is we’re going to select the checkbox and as you can see, you have a number of options here.
And if you click on the add validation criteria, you have many different options that you can put in to validate your strategies.
So the first thing we are going to do is minimum Profit Factor, which is already here. We have already set it to 1.2 in our Acceptance Criteria when running the generator. However, our Minimum count of trades in the generator, as I said earlier, was 300.
The Minimum count of trades, the higher the number is, the more robust your strategy is, and the more times it worked in different market conditions. So we’re going to leave those 2. However, we are going to add one more and that is going to be Minimum R-squared.
Now, what Minimum R-squared is, is essentially the equity line. Now, if the R-squared was 100, it would mean that we would have a completely diagonal and perfect equity line. Of course, this is impossible to get because market conditions change and you’re always going to have drawdowns.
And you’re going to have periods where you make a little bit more and some periods where you lose a little bit with the strategy. So what we’re going to do is we are going to play around with the minimum R-squared number until we get to around 10 or 12 strategies that have passed.
So right now we only have 6 out of 100 based on our criteria. We’re going to bring this down to, let’s say, 70. We’re left with 17. That’s still a little bit too much so let’s change this to 75. Now we have 11 strategies out of 100.
So what are we going to do is to just very quickly look through these and decide which one we’re not going to keep. These all look pretty good. I’m just going to look through all of them and then what we’re going to do is to go back to page 2. It’s got a lot of drawdown. Let’s get rid of that one.
Downloading the Expert Advisors
And as you can see, Period strategies – 10 out of 99 because we deleted one of them. What we do now is we are going to click on this dustbin icon here, which will remove all hidden strategies.
So we click on that and as you can see, we now have 10 out of 10.
Each one of these strategies here is going to be an Expert Advisor. Now, what do we do from here? Very easy. If you look at the strategy window here, you’ll see that there’s an icon where you can click to download the Expert Advisor for MT4, the one next to it is for MT5.
So all we’re going to do from here is we’re just going to download these for Meta Trader 4 and Meta Trader 5. And these are the strategies from the historical data of this broker that we are going to use, and these are going to be 10 of the 40 strategies that we are going to be putting onto our platforms.
All I do is click on Expert Advisor for MT4, it downloads. And then we click on the one for MT5. I’m just going to do this for all of them, MT4 and MT5. I have all of the Expert Advisors downloaded for both Meta Trader 4 and Meta Trader 5.
Download EA from the EA Creator either for Meta Trader 4 or the Meta Trader 5 depending on your platform
Of course, you will only download the one that is applicable to the platform that you’re using but we will be attaching these to the course so you’ll have the option to download either the Meta Trader 4 or the Meta Trader 5 EAs, just depending on which platform you’re using.
That’s it. Very quick and very easy. I’m going to do exactly the same thing with the other 3 collections that we have created using the generator with the historical data from the other brokers.
And in the next lecture, I will show you how we put these Expert Advisors onto our charts to start testing them on a Demo account.
Dollar cost averaging: A precise trading strategy for buying an asset at the right time time
Dollar cost averaging is a popular method for the investors to buy assets devided into different amounts. This way they reduce the risk of volatility and have a final avarage price.
Most of the cryptocurrency exchanges like Coinbase offers the deal where you can set recurring purchases for any asset. This way if you buy every week a piece of Bitcoin at the end of the year you will have an average price or this is called Dollar-cost averaging.
You should use a strategy to buy at the right moment, and not using time intervals
I will show you a strategy that we use at the Academy to buy cryptocurrencies following Bitcoin. In the picture below we have another great opportunity to buy cryptocurrencies, flag. The counter trend line is our entry moment.
After the last counter trend line, the price reached the Take Profit. I sold some of the cryptos in the previous lectures. And then the Bitcoin continues higher. It reached nearly 11,500 and that’s a huge level for the Bitcoin having in mind that it failed to take the 10,000 many times.
But now it is about the 10,000. We’ll see what happens. I’m just strict with the system and I’m taking any new opportunities that are there on the market. The target is very close at the 12,169, so it’s just about $1,100 higher. I think it’s very achievable at that moment when the Bitcoin is very bullish.
So now I have the counter trend line again, I have the failure, I have an aggressive break, and the price actually just returned to where my entry was. This is a great moment to buy another piece of crypto and to add to my dollar cost averaging strategy.
I saw it just a couple of minutes ago while recording this lecture. Now I will be buying some more cryptocurrencies.
Ethereum performed well
I will go to Prices on Coinbase and I will have a quick look over the cryptocurrencies that I’m having at the moment. The Tezos, not really moving a lot, same with the Stellar and the Chainlink. Ethereum did a great move together with Bitcoin. I have some Ethereum in my Wallet from another strategy that I follow.
But below you can see that it’s above the yearly highs. And simply, it did a new high.
I think there is a lot of potential in the Ethereum. However, I’ll be happy to buy it at a cheaper price because I think now it’s a little high. If you look at the yearly chart, it’s great that it covered these highs that we had in February.
But I will look for opportunities to buy more of Ethereum at a lower price. Just cheaper. Now, I will buy some more OmiseGo this time because I want to average the price. Last time I bought it at a more expensive cost.
This way I am not aiming just at dollar cost averaging but I want to buy the next piece at a lower price.
We have an uptrend
It is important bo uy an asset if the trend is upwards. But just look at the chart, it had a drawdown, now it’s going up again. And if I go to the yearly chart, you will see something very interesting. Here are the highs. And this was the moment when I noticed the OmiseGo thus I bought it.
But I bought it quite expensively. Not on the top. And now we have a small uptrend on the one year chart. We have higher highs and higher lows and now it is on the next low. So I think it might be a good opportunity to buy the OmiseGo.
The next time when the Bitcoin reaches the target, I will have bigger chances to have the OmiseGo on profit and not on loss. So I’ll see what happens. If it drops lower, I will look to buy some more so I will have a better average price. But now let’s buy another €500.
Now, I will not be using my Visa card, but I will be using my EUR Wallet which will make the transaction cheaper for me. I click on Preview Buy and here it is below.
The price in EUR is 1.39 at the moment. You see my Coinbase fee is just €7.34 and I click on Buy now.
Confirm your tax laws before you start trading or investing
So let’s go back to the Bitcoin and I will keep you updated with what’s going on next. We’ll see how it goes. Is it going to reach the Take Profit of the Fibonacci at 12,160 and something? Actually, if I go back at the beginning, I will see exactly what the price is. It is 12,168.
This is the next target I am looking at. So I use dollar cost averaging for my entries but at one moment I want to sell it all and take the profits. And we will see at that moment what I will have in my portfolio. And something I missed to cover in the previous lectures, and I guess now would be a good time to do it because I really didn’t want to make a separate lecture about it, are the taxes.
Make sure to check how the taxes work when you are trading cryptocurrencies in your country. For example, in Bulgaria where I live, we have to pay tax on the profit that we do. As you saw last time, I did a withdrawal of €559.
Since this is a profit, I need to pay tax on that, which in Bulgaria is 10%. But if I buy more cryptocurrency until the end of the year with more value, I will not need to pay this tax. Just at the end of the year, if I have a profit and I didn’t buy more cryptocurrency with this profit, I will not pay the tax.
Stay tuned for more examples with this dollar cost averaging system
But if I have just a profit in the account and there are no opportunities to buy anything, I will have to pay the tax. This is how it’s working in Bulgaria. Make sure you check that in your country.
Thanks for reading the lecture. I will continue recording some more examples with the cryptocurrencies so you will learn the strategy and the system better so you will not be missing any opportunities on the market. All the examples you can find in the Cryptocurrency investment course as videos.
Forex Expert Advisor Generator is all you need as a trader
Hello traders, in this lecture, I will show you how we create strategies with EA Studio. There is the Forex Expert Advisor Generator which is the best thing in the software because based on the historical data that we have imported, we can create new strategies.
We can decide here with what lot we want to create the strategies. But later, when we put the Expert Advisors on Meta Trader, we can still change the lot. And I will stick to 0.1 lot. For Stop Loss and Take Profit, we have the option to select the range.
So if I keep it from 10 to 100, it means that all strategies will have Stop Loss and Take Profit somewhere between 10 and 100 pips. It’s up to you if you want to narrow the range. But I personally prefer to give the freedom of EA Studio to create the strategies with Stop Loss and Take Profit and to combine it with different indicators, and I keep it from 10 to 100.
For the Stop Loss, I will stick to Always use, so I will have always a Stop Loss for the strategies, and as well, I will stick to Fixed. There is the option to generate strategies with trailing Stop Loss but I stick to Fixed. And as well Take Profit, I always want to have one in my strategies.
Preset Indicators in the Forex Expert Advisor Generator
Now, in generator settings, we have the option to select how long we want the Generator to be working. Usually, I run it for 10 hours, which is 600 minutes. But let’s give it a little bit more this time, I will give it up to 720, which is 12 hours.
Now, it’s late in the evening and I will leave it working until tomorrow, and I will see what results I have. And usually, I use it this way. I leave it in the evening and in the morning I see the results. The rest, I will leave it this way. I want to search best by Net balance, meaning that on the top, I will see the strategies with most profit.
Out of Sample is a great tool that I will explain just in the next lectures. I will not use it now. I will leave it to In Sample. And we have the option to select how many entries and how many exits we would like to have. And by default, it was 4, but I just increased it a little bit to 5.
You have the option to use preset indicators, which means that if you have a favorite indicator, let’s say MACD indicator, you can select it and add it or you can find it as well in Tools, Preset Indicators.
And if you add any of the indicators, for example, MACD, the Forex Expert Advisor Generator will always be part of your strategy and in every strategy you will have that indicator with that rule.
Acceptance criteria is how you will get only the best Expert Advisors
It could be a different rule, MACD line crosses the zero line upward, for example. And this indicator with this rule, with these parameters that you have set, will be always in your strategies. It will be in all the strategies that the Forex Expert Advisor Generator will create.
So basically, the generator will use this indicator and will add some more, will add the Stop Loss and the Take Profit to build the strategy for you. Really cool thing but I’m not going to use it in this course and in this example of generating strategies.
So this is what the generator is about. It creates strategies based on the historical data that we have imported for the symbol, for the timeframe we want. We have the range for the Stop Loss and the Take Profit and we decide if we want to use some preset indicators or not.
And very important, at the end is the Acceptance criteria, which allows us to set some rules for the strategies or to filter the strategies that the Forex Expert Advisor Generator will show at the end in the Collection. Usually, I go with Minimum count of trades. Every time, minimum of 300 or even more, I go to 500.
Profit factor is a must in the Acceptance criteria
What I said in the previous lecture is that the more count of trades we have, the more robust strategy it will be. Because if we have the event of entry rule and exit rule, many times, like 500 times for these 5 years of historical data, it means that this strategy executed many trades and it’s a strategy that we can rely on.
If we have a strategy that executed just 10, 20, 50 trades for 5 years, well, we don’t really know if this will continue to repeat in the future. So the more count of trades we have, the more robust strategies we get from the Generator. And, one more time, having fewer bars with more count of trades allows us to have more active strategies.
And because I have refreshed the page from the previous lecture, I will go to Data, and Data Horizon, and I will check Use start date limit, one more time, from 15th of July, 2015. And today we are on the 15th of July, 2020. So 5 years, and this is about 31,000 bars.
Now, the other thing I put in the Acceptance criteria is the Profit factor. Profit factor is very simple and it filters the strategies very well according to me. And it’s calculated by the Net profits divided by the Net losses. Strategies with Profit factor above 1.2 are really good.
The Reactor is the next level after Forex Expert Advisor Generator
And basically, everything we have above 1 shows that the strategy is profitable. We will have more Net profit than Net losses. However, 1.2 works great for me. Now, if I press on Start, the Generator will start calculating strategies.
However, I want to add something more, and this is the Monte Carlo which is a robust tool that we have for each strategy. And before, we were doing it manually. After we have some strategies in the Collection, we were running Monte Carlo, Multi Market, or any other robust tool.
But now we have the Reactor which allows us to do the whole process automatically. So the Reactor is the Generator plus optimization and robustness options.
So we can optimize all the strategies that are generated with full data optimization, very similar to Meta Trader optimizer but this one works much faster.
And then we have the Walk Forward optimization, a little bit more advanced tool, I’m not going into details about it. We have a lot of free videos on YouTube about this optimization. And then we have the normalization, and robustness testing is what I focus on.
And I always use the Monte Carlo. What Monte Carlo does, in simple words, it performs a variety of tests.
So it’s a backtest but it backtests the strategies with Randomize indicator parameters. So, for example, if we have MACD 12:26:9, it will check with 13:26:9, 14:26:9, or 12:27:9, or 12:26:10.
Basically, it will change the parameters, it will try to break the strategy. And if the strategy is still robust, it will perform well and we will see all the results here. I will show you that later when we have some strategies ready. But for the moment, I will leave it like that. Forex Expert Advisor Generator plus Monte Carlo.
And if I click on Start, you will see how it goes. All the strategies are being calculated, and those that pass the Acceptance criteria will go through the Monte Carlo. If they pass Monte Carlo, I will see them in the Collection. automatically.
This is how the Reactor works, really great because it does everything
Now, as I already said, the best thing with EA Studio is that we can run a couple of Reactors simultaneously. I will simply duplicate the top. But make sure to keep it in a separate browser so it will work faster. And if you keep it active, it will be even better.
Now, I will go for EURUSD on H1 chart. And I will change the Data Horizon quickly, we set 15th of July, 2015 and it will be until today if I don’t check on Use end date limit.
Going back to the Reactor, what we have – strategy properties is the same.
Let’s have a look at the Acceptance criteria. Working minutes, 720 and Acceptance criteria, it has saved. Going back to the Reactor, Monte Carlo is checked, and that’s it. I’m ready to run the EURUSD. Press on Start and it starts calculating for EURUSD.
I will need to open now one more Reactor for EURGBP, but I make sure to use DukasCopy data that I have imported, and I will go for EURGBP on H1 chart. Going quickly through the Data Horizon and I will use start date limit, 15th of July, 2015.
Reactor, I just check the strategy properties, Generator settings, the Acceptance criteria. Usually it saves, but I always make one more check and then I am ready to go. Click on Start and I see it.
Run many Forex Expert Advisor Generators depending on the computer you use
Now, what I have is 3 Reactors running simultaneously. If you are doing that, make sure to follow the speed. You can see that because I have opened 3, it gets a little bit slower. But this is because I have too many tabs and browsers opened on this computer. I will make sure to close them to increase the speed.
But if it gets slower, what you can do is just to stop one of them and continue with the other 2. You can see the speed increases. Or if I stop that one as well, I will push it just on the first one. So it depends on the computer you are using. And keep in mind that EA Studio works in the browser.
So give it a try, see how it goes with 3-4. It depends again on what else you have opened on the computer. But if it gets really slow, you can just run one, and then another one, and then another one. It depends really on what machine you are using.
Now I will leave it generating strategies for 12 hours. And once I have the results, I will continue and I will share with you some more tricks about how I test the Expert Advisors before doing real trading with them.
My strategies do not perform by luck
I continue now 12 hours later with the results from the reactor in EA Studio and I have the GBPUSD as seen below. So what I have is 307,829 strategies generated. From those, just 36 passed the Acceptance criteria.
Now, this is not by luck. I have tested it so many times to figure out that this Acceptance criteria that I have set of 500 count of trades as a minimum and 1.2 Profit factor works great.
And it brings me at the end nice strategies with very good equity lines and backtest statistics.
So I run the Forex Expert Advisor Generator for 10-12 hours and in the end, I have not a huge number like hundreds of strategies but I have a decent number which I would like to test.
From these 36, 26 passed the Monte Carlo validation. And for the beginners, I will quickly show what is the Monte Carlo. I will click on any of the strategies and go to Monte Carlo. You can see it below. You have different simulations for Randomize history data.
We have done here the best thing we can do with history data so I’m not testing it there. Then we have Randomize spread. As we said, I’m always putting a little bit higher spread to be more pessimistic in the backtest so I don’t need to test for Randomize spread as well.
Randomize backtest starting bar
And then, execution problems, this is only if you have some execution problems with your broker. But if you have such problems, you better change the broker because executing the trade when we do algorithmic trading is essentially important. So if you notice any problems with the execution, just look for another broker.
On the bottom is what’s most important for me, strategy variations. Randomize indicator parameters – this means that we will have different backtests. For example, this strategy has Accelerator Oscillator and Momentum. And the Oscillator doesn’t have any parameters but the Momentum has a period of 43.
So the Monte Carlo will test with period of 44, 45, different parameters. Same with the exit conditions that we have below and it will try to break the strategy.
If it succeeds, the strategy will not go into the collection. So let me click on Start and you will see the results that we will have.
And one last thing, here we have Randomize backtest starting bar – this means that we will do a backtest on different starting bar which is very logical since we will be trading this strategy in the future. And we want to make sure that whenever we place it on the chart, it will be profitable.
The resolved correlations
And you can see that we have 18 out of 20 validated tests. And as validation, here we have just Minimum count of trades of 100. I keep it at the default, you really don’t need to make it any more complicated. So this is what the Monte Carlo does.
It runs variety of backtests according to the simulations we have set. So, one more time, from the 300,000 strategies, just 36 passed the Acceptance criteria of minimum 500 count of trades and 1.2 Profit factor. And then from these 36, 26 passed the Monte Carlo meaning that 10 strategies failed the Monte Carlo.
And finally, I have 25 strategies in the collection. Where is this one strategy? It was a resolved correlation. If I scroll a little bit lower, you will see Resolved correlations – 1. And again, for the beginners, the resolved correlations means that there was a strategy which was very similar to any of the other.
Either the equity line was very similar or it had similar entry or exit rules so it was removed. This way, we have 25 different strategies. Absolutely different from each other. And this is how we achieve risk diversification because we trade one asset but we trade with different strategies. We don’t expose the risk on one single strategy.
EA Studio: The fastest Forex Expert Advisor Generator
Now, let me scroll lower to show you all the strategies. They all look really good. Even if I go to the second page, it’s right here, and I go down. You will see that all of the equity lines are really nice. I will go through the third one as well, here it is.
All of the strategies are nice. And something very important, I really don’t go through each strategy to check what are the entry and exit conditions, to check the indicator chart. Of course, you can do that but with time I saw that it’s not really needed.
EA Studio has a really good Forex Expert Advisor generator and I don’t need to spend time looking into each strategy.
Now, what I need to do, I will just leave it doing nothing. As I said, for one month, I will not do anything with these collections. I will just download it.
And I have the very similar results actually for EURUSD, I have about 30 strategies there. And for EURGBP, I have about 25 I think, it’s just on my other screen. So I will download these collections and I will wait for 1 month to have the new data from the market.
EA Studio free trial: Generate as many EAs as you wish for 15 days
So what I usually do after tha, I will download it again from the Forex Historical Data App and I will recalculate the strategies to see which of these strategies performed best during this 1 month.
This is how I test the strategies recently and it works really nice. So this is how we use EA Studio to have many great strategies at the end of the collection. And don’t hesitate to give it a try. It’s absolutely free to test EA Studio. There is a free trial that you can use for 15 days and all the strategies that you export during this time are working for a lifetime.
So there is nothing to lose, there is nothing engaging. Just give it a try. It’s a great experience for every trader to practice Expert Advisors and I’m pretty sure you will like it more than manual trading because it’s less work, better results.
Thank you for watching and don’t forget to have a look at our free course as well which is available on our website at EA Forex Academy. The Forex Expert Advisor Generator might sound unbelievable, but it is very real.
Today, I would like to show you 4 different ways that you can use to backtest Expert Advisor for Forex trading. I show the 3 of them in my courses but in this lecture, I will show you the 4th one which I recently use and it works really well for me.
It doesn’t really matter which method you will be using, the results will be very similar and you will choose nearly the same Expert Advisors every time when you’re testing many EAs.
So for the beginners what’s the idea?
With EA Studio, we create many Expert Advisors and we test them to see which are the Expert Advisors that make the most profit on the current market conditions.
So the first method I will show you is called Out of Sample, and this is available in EA Studio. If you click on the Generator settings, there is Out of Sample.
The Out of Sample is a really great method because it allows us to test the Expert Advisors while we are generating them.
For example, if I want to generate strategies for EURUSD on H1 chart, I have my strategy properties of 0.1 lot, minimum 10 pips, and maximum 100 pips for the Stop Loss and the Take Profit range.
And then in Generator settings, we have Working minutes – how long we want the Generator or the Reactor to be working.
Out of Sample in the first method to Backtest Expert Advisor
Then we have the Search best where we can select how we want the software to arrange the strategies into the Collection.
Usually, I keep it to Net balance so on the top I will see the strategies with the most profit. And then we have the Out of Sample.
So if I click on it, you will see that I have 5 different options to backtest Expert Advisor – 10%, 20%, 30%, 40%, and 50%, and the 6th option is the In Sample.
So what is that? Let’s generate some strategies very quickly selecting 20% Out of Sample. The Acceptance criteria I will remove, I will remove Monte Carlo validation as well, and I will click on Start.
What I want to see are some strategies very quickly into the Collection. Here they are. I will stop the Generator. What you notice is that there is this green period for each strategy. And this is what we call Out of Sample.
So all the historical data that we have, in our case, is from the 15th of July, 2015 until the 15th of July, 2020, 5 years of historical data.
Which means that the complete period is 5 years. And I have selected 20% Out of Sample which means that the Generator uses 80% of these 5 years, of this historical data. And in the recent 20%, it backtests the strategy. Or in other words, it simulates trading.
This is really nice because it’s a real simulation, let me click on the strategy and there is the Out of Sample monitor which will show us exactly the dates. So In Sample, we have the beginning of the historical data, July 2015 until July 2019. You can see it in the picture below.
And then Out of Sample is July 2019 and July 2020. This is very easy because we have exactly 5 years of historical data, 20% out of it is 1 year. Or in other words, it means that the Generator has used the first 4 years from the historical data to generate the strategy and then it simulated trading during the last 1 year. Or it did a backtest Expert Advisor on an unknown data.
And you can see it’s a profitable strategy during the last 1 year. And below, we have more details about the In Sample part and about Out of Sample part, and then we have the complete backtest.
So this is the first method that you can use to test the strategies, or to backtest Expert Advisor, and you are simulating trading back in time.
It works really nice by the way. And you can change the period or the Out of Sample to 10% or a higher number. This is the first method that you can use, and that I use when I create strategies using the Out of Sample in EA Studio.
Data Horizon (2nd method to Backtest Expert Advisor)
Now, the second method is quite interesting because if you have noticed the In Sample, it has 10%, 20%, 30%, 40%, 50%. And if I go back to the strategy and I go to 10% Out of Sample, that would be about 6 months. I will be testing the strategy for 6 months.
What if you want to backtest Expert Advisor for just 1 month? This is possible with the Data Horizon. We have the start date on the 15th of July, 2015, and I can set Use end date limit just a month ago.
So I can put it on the 15th of June, 2020. What that means is that the Generator will use the data except for the last 1 month.
And if I go back to the Reactor, I will remove these strategies that I have generated previously. And you can see the 15th of July, 2015 until the 12th of June, 2020.
Probably the 13th and the 14th of June are over the weekend. This is why I have set the 15th but it starts from 12th.
Not probably, I’m sure this is the reason. So I have removed from the historical data the recent 1 month. Now, let me again generate strategies quickly so I can show you what exactly I’m doing. And I already have some strategies into the Collection.
I remove the recent 1 month from the historical data
I will wait to see at least 15 to 20 strategies. It works a little bit slower now because I have the other 3 Reactors working simultaneously. 20 strategies. I will stop now. Now I will go to Data, Data Horizon, and, one more time, I have removed the recent 1 month from the historical data.
What I will do now, I will change the Data Horizon to the recent 1 month so it will be 15th of June, 2020 until today which is already 16th of July, 2020. And this means that I have only the recent 1 month now as Data Horizon. And I will go back to the Collection and I will click on Recalculate. That method of backtesting Expert Advisor simulates Demo or Live trading.
This way, I will see how these 20 strategies performed during this last 1 month. I have some correlations to be resolved and here it is. And don’t really look at the results because I have run the Generator just for less than a minute.
But, for example, looking at the first 2 strategies, what I have here is the first strategy had 2 trades for this month and they were on profit.
If I click on Report and I go to Journal, I have 2 short trades and both had $61.80 as a profit. What about the second strategy?
Better to have a few positive trades
It had 9 trades during the month.
And then if I go to the Report, I can see exactly what were the trades. Some decent trades over here. So this is how you can backtest Expert Advisors for Forex trading with EA Studio using the historical data, and it’s a really quick method to do that.
Just remove the recent 1 month, and then recalculate the strategies for this 1 month.
The 3rd Method to Backtest Expert Advisor
The third method is the most common one and this is what I show in most of my courses. Let me go back to Data Horizon, I will bring it back to the way it was, 15th of July, 2015.
I will not use the end date limit. I go back to the Collection, I recalculate the strategies that I generated quickly, and here they are. Now, what is the third method to backtest Expert Advisor? What is the most common way to test Expert Advisors is to place them on Meta Trader with EA Studio.
It’s very quick because, with one click, you download the strategies. So when you have many Expert Advisors, you can put them on Meta Trader and leave them trading for 1 month on a virtual account. And then with the Magic numbers, we see which are the top performers following the results in FX Blue, MyFXBook, what I show in my other courses.
Have 2 Meta Trader platforms installed on your computer
And this is really a great method to test many Expert Advisors by placing them on Meta Trader. But as you know, each Expert Advisor works on a separate chart. So sometimes it’s a little bit of work. For example, if you are trading with 99 Robots like what I demonstrate in my Automated Forex trading course, we need to have 99 different charts opened and then we need to place 99 Experts.
It takes some time. For some people, it’s a lot of work. For me, it’s not because I’m used to it and it happens quite quickly. But for this method, you need to leave your Meta Trader open all the time. And something very important, if you are testing Expert Advisors on a Demo account to see which are the top performers to place on a live account, make sure you have 2 Meta Trader platforms installed on your computer.
Don’t switch between Demo and live account because if you are in Demo, you put many Expert Advisors, they start trading, and then you switch to a live account in the same platform, you will disable the Demo account and the other way around.
If you are in a live account and you switch it to Demo, you will disable the live account. So if you have live and Demo account, you need to have 2 different platforms. So this is the third method, the one that I show in most of my courses.
Backtesting Expert Advisors might be a lot of work
But, one more time, it takes a little bit more work to place each Expert Advisor on a separate chart. And if you are testing hundreds of Expert Advisors, it is a lot of work and this is what I do.But this is my job so I don’t complain about it.
The fourth method which saves me a lot of time, and this is what I will show you in this course, is to generate the strategies and then I download just the Collection. From there,
I wait for 1 month. For 1 month I don’t do anything.
I just wait, prepare my next strategies, I record courses, I travel a lot recently, basically, nothing to do with this Collection. So usually, with this method, I do not backtest Expert Advisor in the past but I wait 1 month for the new unknown data. I gust generate strategies for different assets.
And then I will download the Collection and I will do nothing for 1 month. Why? After 1 month, I will add the data for the last month, I will download it from the Forex Historical Data App, and then I will recalculate the strategies in the Collection.
This is a real future testing for the strategies. I don’t know what will be the data in the next 1 month. Nobody knows that. But I’m generating the strategies now and I will save them as Collection, this is the easiest way to go. After 1 month, I will add this new data in EA Studio and I will recalculate the strategies.
It is easy to do all of that with EA Studio:
Test the different ways to backtest Expert Advisor and see which one wirks for you.
And I will see which strategies performed the best during this 1 month and those strategies, I will be trading. This is really a time-saving method and I’m using it more recently and I will demonstrate it to you in the 30 Best Strategies course.
In the course, I will show you the whole process and how exactly I’m trading with the strategies, and how easy is to backtest Expert Advisor.
Thank you for reading the article and if you have any questions, post them below in the comments or in our trading Forum.
Dear investors, in this lecture, I will show you how you can do a Coinbase withdraw to a bank account. I know that many of you, especially the beginners, are worried if you can get your money back once it is invested in the exchanges or the cryptocurrency platforms.
And you have to worry about that because there are so many scammers around – scam companies, brokers, and exchanges. Many people lose just because they cannot withdraw their money. With Coinbase we can withdraw money and I will show you that in this blog post.
I have no problems making a Coinbase withdraw to bank account or to my PayPal account. And personally, I think that it is very important to withdraw money because this way, we see the effect of trading or the effect of investing.
If you just fund your account and you fund more, and you keep buying but you never take a single dollar out of it, you will never really feel the satisfaction from the investing and from having profits into your account.
As well, this is one way to keep the greed away because the more money you have in the account, the more the profits come. Usually, the investors and the traders get greedy and they buy even more. And if the market crashes or something happens against your strategy, there is always the risk of this happening.
Also using a regulated Cryptocurrency exchange is very important. Coinbase is one of the exchanges that I use. I have a free video about the Top 10 Cryptocurrency exchanges out there:
Make simple rules for your Coinbase withdrawals
You might lose a sustainable amount of money. This is why if you withdraw some funds from time to time, first, you will feel great to have them back as a Coinbase withdrawal in your Visa card or in your PayPal account. Second of all, you will stay away from greed which is a bad emotion that drives people into losses.
You can make simple rules. For example, now I will withdraw the profit that I had from this cycle and I will click on the EUR Wallet. And on the right side, I have the option to withdraw.
How much was the profit? It was €559 total.
I click on Continue. And Coinbase gives the chance to withdraw to the Visa card that I have used for buying the cryptocurrencies. There is a fee and I have the option to withdraw to my PayPal account which is free without fees. But my PayPal account is in USD and I’m withdrawing EUR.
The conversion rate in PayPal is pretty bad and first my money will be converted from EUR to USD. And when I withdraw it to the Visa, it will be converted to Bulgarian Levs which is the national currency. This will bring me much more losses than the €11 fee.
Coibase withdrawals are instant
So I prefer, in this case, to withdraw to the Visa card. If everything is in one currency, if you are living, for example, in Germany, you have EUR Visa card, you have EUR PayPal account, and you have EUR Coinbase, great. You will not have any conversions.
Or if you’re in the States and everything is in dollars, even better. So keep these conversions in mind. This is why I prefer now to withdraw the money to my Visa card. I click on it and then I will click on Continue, and the funds will arrive instantly which is pretty nice.
Anytime you need the money from your Coinbase account, you can withdraw it and there will be 11.18 of withdrawal fee. I click on Withdraw now, it will take a couple of seconds. I have now the funds into my Visa card and the balance in the EUR Wallet is less now.
I just got the message on my cell phone that the money arrived in the bank. So it’s really instant Coinbase withdraw to bank account, one of the reasons I’m using this exchange. And as I said at the beginning of the course, don’t take it as a recommendation. I don’t suggest using it.
Coinbase withdraw to bank account is a personal choice
It’s up to you which one you want to use. But before you put a bigger amount of money, it is really recommendable to do such tests.
So buy some cryptocurrencies with small amount of money, then withdraw, see the money back to your Visa card or to your bank account to make sure that the exchange allows you to withdraw money because the scammers, the scam brokers, and the scam exchanges will not allow you to do that.
And, one more time, it’s up to you if you want to perform Coinbase withdraw to bank account. Personally, I withdraw sometimes the profits but at the same time, I want to have balance in the EUR Wallet. So if I have new buying opportunities, I will buy from the Wallet which will result in fewer fees to Coinbase.
Because, as you saw, when I buy from the Visa card, it’s a bigger fee. Or in other words, withdraw money whenever you need it. But if you don’t need it, you better keep it in your Wallet so you will pay a smaller fee the next time you buy cryptocurrency.
The Fibonacci system that I use to take the Profits
I hope these tips were useful to you. And really, it’s up to you if you want to sell the cryptocurrencies because there are so many people that are just buying continuously. And if you are that type of person, this is just fine.
This is just fine if you can afford it and if you want just to keep the cryptocurrencies. But because I’m originally a trader, I prefer to take the profits and not to hold positions. And most of all, because I want to be realistic in the market. And because I love when I do Coinbase withdraw to bank account or to my PayPal account.
If I go to the daily chart and I show you the bigger picture of the Bitcoin, it is just one time when the price went to 20,000.
I’m not saying that it will never happen again, I don’t know that. But I’m realistic and I see that the price bounced off the 10,000 many times.
So it’s a great level for me to take profits and to sell the cryptocurrencies. And as well I use the Fibonacci which is a great indicator, it is connected to the trend. It works for me really to use the Fibonacci targets. And even if I sell everything, I know that there will be new opportunities.
Feel free to ask any questions
There are always new opportunities to enter the market and to buy again. Especially when we sell everything, the price drops, we buy at lower prices and we are on profit again, that’s the best thing in this strategy and in this system.
Thank you very much for watching the course, guys. It was really a pleasure recording it. If you have any questions, don’t ever hesitate to ask me. Send me screenshots of your screen, I will be happy to give you some suggestions, tips, or ideas, or to compare it with my current setup and see if we are looking at the same thing.
If we are not, we will discuss it. Maybe I am wrong and you are right. It will be beneficial for both sides and for all the other students that see the questions, the pictures, and the discussion.
That’s it for now. I will keep updating the course with new examples and new investing opportunities that are there on the market and I wish you always to have a great day.
EA Forex generator is what traders use nowadays to create their Expert Advisors
Hello traders, today I will share with you some new features in the EA Forex Generator in EA Studio. Also, I will explain what is the Generator to the people that never used it.
The Generator is a powerful and advanced algorithm that is a core of the strategy builder EA Studio. It uses Historical data (bars and candles) from MetaTrader to generate, optimize, and analyze trading strategies. From there we choose the strategies and automate them as Expert Advisors without programming skills. Actually, we do it with one click.
So after we use the EA Forex generate to produce strategies for us they all go to the Collection. What we have now quite interesting is that you can increase the collection capacity from Settings. Until the moment, the maximum was 100. But we can now have 300 strategies into the collection which sounds really great.
But you should have a couple of things in mind when you are using such a huge number. Let me go to the generator and I will run one generator without any Acceptance criteria just to see many strategies into the collection.
By the end of the lecture, I guess there will be more than 100 or maybe we can even reach 300 strategies.
So it is great for some people to have so many strategies into the collection. But you should keep in mind 2 things. One is that every time when the generator pushes a new strategy into the collection, it calculates the correlation analysis against each strategy.
The collection is where all strategies go after the EA Forex Generator
Imagine there is a new strategy now, 59 or 60, and there are already 58 strategies, and EA Studio calculates the correlation against each one. The more strategies you have in the collection, it will calculate against more strategies and it makes it a little bit slower.
We have more than 100 strategies in the collection which is quite interesting to see because so far we were used to seeing just up to 100 strategies.
What I was saying is that this doesn’t make the EA Forex generator itself slower. We have the same speed but it makes the pushing to the collection slower.
It generates strategies and when there is a new strategy, it takes just a little bit longer to push it to the collection because it calculates the correlation analysis against much more strategies. This is not really visual for us, it works so fast.
But there is a little bit of longer pushing that you might want to have in mind. You can feel as something slower is if you have the 300 strategies.
Max entry indicators and Max exit indicators
The next time when you open it and EA Studio loads on your browser with 300 strategies, this might be slower up to 20, 30, or even 40 seconds. But this is just when you load it one time.
I will run the generator again so we reach the 300 strategies. It’s quite interesting to have this option with the maximum entry and exit conditions. As you understand from the name, if you leave it at 4, you will see strategies with no more than 4 entry conditions and 2 exit conditions.
But what’s interesting here is if you are using the preset indicators.
If you put 3 preset indicators, the EA Forex Generator will have room just for one indicator. So, one more time, if you keep the default 4 as maximum entry indicators and you select to have 3 preset indicators, the generator will add just one.
Now, what happens if you select 4 maximum entry indicators and you select 4 preset indicators? You will see strategies with 5. This is because the EA Forex Generator will always add an extra indicator. So keep that in mind. If you set, for example, 2 maximum entry indicators, you will see in the collection strategies with 3.
EA Studio will continuously be improved
I will stop the generator, we have 300 strategies in the collection. Many people wanted that. I don’t really find that necessary. Personally, I think 100 was more than enough. And just to let you know, many years ago the first generator, the FSB Pro was with just one strategy in the collection.
Then they added top 3 or the 3 top strategies, and then 10. Ever since EA Studio was launched, we had 100. But now because many of the traders want it, 300 is the maximum number. I’m not sure if it will increase further but just, one more time, keep in mind that it might make the whole process a little bit slower.
It could increase even more but this is because we are getting much faster computers. Nowadays, we have computers with 8, 16, 32GB RAM, and before it was just with 2GB RAM. And obviously, EA Studio will improve much more together with the industry.
This is really nice that they keep updating it and improving it. Now, I will remove this collection, I will go to the EA Forex Generator and I want to demonstrate to you what I just said, that if we have Max entry indicators 2 and we use preset indicators, I will add 2 preset indicators.
The role of the EA Forex Generator
Let me add DeMarker, I click on Accept. We have 2 indicators – the Accelerator Oscillator rises and the DeMarker rises. And in the generator, we will have strategy properties. I will use Stop Loss and Take Profit from 10 to 100 pips.
And in generator settings, one more time, we have Max entry indicators 2 and we have preset indicators 2. Let’s run the generator now and see what we will have. We have already strategies into the collection.
And if I click on any of them, I will click on one because it has a bigger count of trades, you will see below that I have the Accelerator Oscillator rises, I have the DeMarker rises, but I have as well the Moving Averages Crossover.
So the generator added an extra one indicator.
If I go in the collection and click on any of the strategies, this will apply to all of the strategies. There will be an extra indicator. Because at the end of the day, this is the work of the EA Forex Generator, to generate strategies with something additional.
I will keep you posted regarding the EA Studio updates
So if you have 2 indicators, it will add you a third one. These are the updates that we have in EA Studio recently. I will keep you updated with what is new. And if you are using EA Studio daily, it is really important to follow the updates so you will take the maximum out of this great strategy builder.
Don’t forget that EA Studio comes with a 15-days Free Trial which you can use to generate many EAs. This way you will be able to test the EA Forex Generator by yourself.
Thank you guys for reading. If you have any questions, you are welcome to write in our trading forum.