CREATING EA POOL and DEMO ACCT
Over the last 46 days I have been building up a new pool of Expert Advisors. Every two weeks I used EA Studio to create new EA’s from 10 different forex currency symbols. I then selected the top performing EA from each symbol and added it to an MT5 demo account I call the EA pool. So far I have collected a total of 77 EA’s in the pool.
This first graphic shows I have been building this pool of EA’s for 46 days.
This graphic shows the 10 symbols in the pool.
This graphic shows I have a total of 77 EA’s in the pool as is illustrated by their individual magic numbers.
I will continue adding additional EA’s to the pool until I have a total of 99 EA’s. At that time I will start removing the bottom 10 losing EA’s so I can add 10 new ones. Note: MetaTrader only allows for a total of 99 EA’s when each EA is attached to a separate chart.
This last week I filtered the pool of EA’s so I could select the top EA from each symbol. From these 10 EA’s I then selected the top 4.
This next graphic shows the top 4 selected EA’s individual magic numbers.
This graphic shows the symbols of the top 4 EA’s selected.
This next graphic shows the balance line of the top 4 selected EA’s over the a 42 day period excluding this last week.
This graphic shows the calculated monthly return of 0.8% based upon a lot size of 0.01 lots for each of the 4 symbols. By increasing the lot size to 0.1 lots the monthly return would have been 8%. Not bad!
This last week I moved the top 4 EA’s to a new demo account and increased the lot size to 0.1 lots.
This first graphic shows the balance line of the top 4 selected EA’s over the last one week.
This final graphic shows a nice calculated monthly return of 9.0% based upon this last weeks performance.
So what do I do now? Each week I will filter the EA Pool and select the Top 4 EA’s. If the top 4 EA’s change I will remove the old EA’s from the demo account and add the new EA’s. Then after one month I will re-evaluate the demo account and decide to move it to a live account.
Do you want to learn how to use EA Studio so you too can create your own EA pool? Click here!
Alan,