After running EA Studio for a few weeks and finding some great strategies, I put them on a demo account.
However, I found that all the brokers I have tried drastically increase the spreads over the London open, which is where most of the EA Studio strategies make all their profits.
For example, the normal spread for AUDNZD is 54 pips, but between 23:30-1:15 (UTC+3), the spreads go as high as 400 pips. This is true for all symbols.
All of the profitable strategies that I have found with EA Studio have one thing in common: they make all their profit by opening trades at 0:00, which is where the spreads are the highest. I live in the USA, so as far as I know, I can only trade with these brokers:
1. Trading.com
2. IG Markets
3. Forex.com
4. Oanda.
I have tested all these brokers, and they have the same results regarding raising the spreads over the London open.
I have tried adding the Entry Time and Exit Time Indicators to the preset Indicators list in EA Studio and set them to only trade from 2:00-23:00. However, EA Studio cannot find any strategies even if I let it run for 15 hours with 8 different symbols.
I aim to find 10 or more profitable and robust strategies to run them on prop firm accounts.
Please let me know if I am missing something and what you recommend I do.