Reading around the forum here and starting to work with EA Studio and get some robots running, I started to think about… what settings, parameters etc. are you guys out there using? I know that many things can vary between brokers etc, but I would love to hear from some of you who are already profitable come , what is your workflow/process?
Do you create new robots everyday on a short timeframe? Use Petko’s pool? or maybe create new robots every month with monte carlo and nomalization and don’t look back?
Thanks in advance for sharing!
Petko’s professional EA algo course describes in detail how he creates his profitable robots. I use his method all the time. Sometimes I modify it by selecting 10 strategies instead of two and put them in a portfolio. I also use his balanced portfolio method all the time. The other thing I do is to recreate new EA’s/robots once a week instead of once a month. I did some backtesting and it shows that overall profit is greater when EA’s are recreated once a week. Hope this helps! If you want to ask me more questions, I will check in once a day and do my best to answer them.
Good stuff Alan, I found that following that method worked well for me also. However I prefer generating less often and allowing EAs some time on a demo account and then moving them from there as is done in most of Petkos other courses. Many things work, mostly it’s about gaining experience through practice in my opinion.
Thank guys! I appeciate you taking the time to reply.
I did indeed take the Pro course already, so I’m glad to hear that others are using this strategy with success.
@Alan: Great, thanks – a few followup questions…
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