Hey folks!
I haven’t written here in a while because I’ve sort of given up on strategies for the time being. They backtest well, but don’t trade live very profitably, especially since around October. I’ve tried for months to use only robust strategies that pass multimarket, Monte Carlo, etc. and yet have been unsuccessful in live trading. Many people using EAs have had similar complaints, so it could just be that the market is vastly different in the last quarter than from the previous year or two for strategies to do well. Maybe in time we will be able to develop more robust strategies again, but for the moment I’m working on other things outside of EA Studio. I do think that trading a portfolio of some kind with many currency pairs and hedging at a low risk % per trade of your account balance / equity is wise, because it reduces your overall risk compared to a single strategy or currency pair. That concept is still sound, but trading strategies today that were generated from previous data is not going very well without adding filters or a recovery method or other ideas to it because the current market is so different. So many currency pairs are just ranging right now without strong trends. Backtests of strategies will look good when it was trending more, but live trading will not while the pairs are ranging, etc. On the other hand, EAs that look promising right now but use grid trading, Martingale, etc. are also extremely risky and will usually blow an account at some point when a ranging market goes back into a very strong trend. Hence why I mention filters and other methods outside of EA Studio are where my focus is at for the moment.
Two prop firms that I really like so far are City Traders and The5ers. Both are different than FTMO because they allow trading during news and leaving trades open over the weekend, and they have a much longer time period to achieve your goal (6 months to a year). Do a little research on them and see if they fit your style of trading or not. For me it’s slower paced and lower risk per trade than trying to hit x % profit per month as a crazy goal, and I like that style of trading better. City Traders in particular has a very active Discord group for support.
I don’t know about direct contact outside of the forum and if it’s allowed or not. I don’t see a private message feature for users here. You can find me on Telegram as @AaronPriest.
Best of luck trading!