• Courses
    • Stock Trading
    • Forex Algo Trading
    • Forex Manual Trading
    • Crypto Algo Trading
    • Crypto Manual Trading
    • Non-Fungible Tokens
  • Software
    • Expert Advisor Studio
    • Forex Strategy Builder
    • Forex Historical Data
  • Robots
  • Packages
    • Trading Courses
    • Trading Software
    • Crypto Portfolio
  • Brokers
  • Forum
      • SIGN UP
    EA Trading Academy
    • Courses
      • Stock Trading
      • Forex Algo Trading
      • Forex Manual Trading
      • Crypto Algo Trading
      • Crypto Manual Trading
      • Non-Fungible Tokens
    • Software
      • Expert Advisor Studio
      • Forex Strategy Builder
      • Forex Historical Data
    • Robots
    • Packages
      • Trading Courses
      • Trading Software
      • Crypto Portfolio
    • Brokers
    • Forum
      • SIGN UP

      Reply To: How many assets and/or EAs are you trading with?

      Home › Forums › Community Forum › How many assets and/or EAs are you trading with? › Reply To: How many assets and/or EAs are you trading with?

      December 1, 2018 at 0:29 #7235
      jacpin2002
      Participant

      @Stephen-I would definitely agree with Petko that you were very heavy on EUR with those strategies. It’s very similar to what Haliffa was trying to warn me about. I only trade with 3 pairs that have GBP in them. I use this as my rule when looking at currencies to trade. For every currency I trade, it is only used 3 times max. So in your case of using the EUR, I have EUR/USD, EUR/JPY, and EUR/GBP. *There is an exception to this rule and that is JPY. I have EUR/JPY, AUD/JPY, GBP/JPY, and USD/JPY. I did this because I am actually quite fond of the JPY pairs as they don’t really move as much as one would think (well according to the strategies that I generated).

      For diversification and you wanting to do 10 EAs on one pair, then I would start with the major pairs (EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF, NZD/USD) and pick 3 to work with. Maybe split the 10 EAs up with 5 being on M15 and 5 being on H1 or whatever time frames you like to use.

      I noticed that EUR/USD, GBP/USD, and AUD/USD tend to move in the same direction so take pair correlation into account as well. I noticed that USD/JPY moves opposite the afore mentioned pairs. I also noticed that USD/CAD and USD/CHF tend to move the same direction as well. Notice I said direction and not necessarily speed. Movement is in an overall perspective, but not always at the same time.

      Once you get the hang of it, you may want to take a look at cross pairs as well. 🙂 Hope this helps.

      Latest Courses

      [ NEW ] Learn How to Use Binance App: My Bitcoin Trading Strategy for Binance

      [ NEW ] Learn How to Use Binance App: My Bitcoin Trading Strategy for Binance

      €129.00 €49.00
      Professional Forex Expert Advisor: Trade a Scalping Forex Strategy

      Professional Forex Expert Advisor: Trade a Scalping Forex Strategy

      €129.00
      Metaverse Course: Learn to Invest in the Crypto Metaverse

      Metaverse Course: Learn to Invest in the Crypto Metaverse

      €129.00 €49.00
      Contact
      •   info@eatradingacademy.com
      •   48 Kniaz Nikolaevich Str.
        Varna, 9000, Bulgaria
      Company
      • About us
      • Contact
      • Careers
      • Partner Program
      • Referral Program
      Support
      • Blog
      • Forum
      • FAQ
      • Guides
      General Terms
      • Terms of Service
      • Privacy Policy
      • Cookies Policy
      • Referral Program Terms
      Youtube Facebook-f Linkedin-in Twitter Instagram

      High-risk warning! Before you start with EA trading, please consider your investment capital, experience in EA trading and risk tolerance. EA Trading Academy is not a registered investor advisor nor broker or dealer. Students are advised that all videos from EA Trading Academy have educational and informational purposes and not to be considered as trading advice. A substantial loss can be achieved when trading with Expert Advisors and seek advice from an independent advisor if you have any doubts. Past performance does not guarantee future success in EAs. Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Any Expert Advisors (EA), programs, or scripts provided and shown in the trading courses are with educational and demonstration purposes. © 2016-2021 Forex Academy Ltd