- This topic has 2 replies, 3 voices, and was last updated 2 weeks, 6 days ago by
Petko Aleksandrov.
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February 22, 2023 at 13:13 #145463
Gary Fishlock
ParticipantFirst I’d like to say a big hello to everyone and thanks to Petko for some great courses. So far done about 10 of his courses and still got a few more to go. Been downloading a lot of his free EA’s to demo accounts and about a month ago opened a VPS account. Got fxblue and been trying to do everything by the book. About a week and a half ago I opened a live account with £1000 to see how I got on, I picked the best 3 or 4 EA’s from 4 demo accounts, so it was about 12 EA’s and a portfolio of 1m time frame EURUSD which a few of them seemed to be doing well at the time. first 4 days I made about £50 and thought this is great, got this all worked out, then next 4 days went down about £60 so I’m about £10 down which is nothing to worry about at this stage, as I was expecting drawdowns. What I was confused about was on my demo account I had EA’s that had 7 wins and 2 losses for profit factors of 3.65 and as soon as I put it on live account had 4 wins and 3 losses for PF of -2.85, another one with 14 wins 1 loss PF of 2.31 on demo, then on live it had 6 wins and 3 losses for profit factor of 0.43. I’ve taken them both off live account but was wondering should I of left them for awhile as they looked like good EA’s. Another thing I can’t work out is why some of them have got such a big stop loss, there’s one I’ve got that’s had 9 wins and 1 loss and have still only got a profit factor of 0.98, seems like there’s quite a few that win far more then they loss but still can’t make any money. I’ve got a couple so far that make money all the time, so I know this EA lark works, so it’s just a case of finding a few more good one’s before I start making some proper money. I will keep working on it for as long as it takes, and will try and keep you up to date every couple of weeks if anyone is interested. Keep up the good work Petko, love the course’s and have learnt a lot so far.
February 24, 2023 at 21:17 #145767Alan Northam
ParticipantI create my own EURUSD EA’s for the 1 minute time frame and they work fine. However, I do not use them for more that 5 days. I then create new ones. EA’s do not work over long periods of time as the market conditions change. With EA’s created for the 15 and 60 minute time frames Petko uses them for one month and then creates new ones. When trading the 1 minute time frame EA’s created for this time frame need to be removed and replaced quite often. So I have to ask do the EA’s work for more than one week with the demo account? Were the EA’s created to be used on the 1 minute time frame? Does the real account use the same broker as the demo account?
February 28, 2023 at 10:45 #146097Petko Aleksandrov
KeymasterHey Gary,
Glad to see you in the Forum. And it is excellent you shared your experience so we might give you some valuable tips. What Alan shared is quite interesting. He is an experienced trader, so that you can learn from his answer.
Anyway, you first need to check if your broker provides the same prices on Demo or Live. You can do that by placing 3-4 EAs with 0.01 simultaneously on both Demo and Live and comparing the results for a week. If the results are different, then the whole Demo testing becomes useless.
However, keep trading with 0.01 lot until you feel comfortable with the management of the EAs.
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