Home Forums Ready-to-use Robots Top 10 EAs Losing money with top 10 EA on demo account

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    • #256698
      User AvatarPeter Lock
      Participant

      I setup 9 EA’s from the top 10 EA on a demo account 3 days ago and lost almost 700 dollar till now. And its still going downhill. Only one is positive since today.

      Is this normal in the beginning or do I need to adjust the settings?

      The EA’s are:
      EURUSD
      Robot EURUSD M15 2016102936.mq4 (open +28.40 dollar)
      Robot EURUSD M15 1957092103.mq4 (open -18 dollar)
      Robot EURUSD M15 1886871919.mq4 (no trades yet)

      XAUUSD
      Robot XAUUSD M15 2001591349.mq4 (no trades yet)
      Robot XAUUSD M15 527700410.mq4 (closed – 191.60 dollar) !!
      Robot XAUUSD M15 417585610.mq4 (no trades yet)

      XAGUSD
      Robot XAGUSD M15 569850565.mq4 (open +363 dollar) !!
      Robot XAGUSD M15 1080231101.mq4 (closed -309 dollar) !!
      Robot XAGUSD M15 1752378582.mq4 (no trades yet)

      The demo account is 10.000 dollar from Blackbull Metatrader 4
      I use 0,10 lot
      All settings are default like Petko explain is his video for installing the EA’s.

    • #256752
      User AvatarOliver Grasset
      Participant

      I’ve also had so many bad results that I’ve stopped using them. But If you want to lose more money and get very depressed then keep using them!

    • #256763
      User AvatarPeter Lock
      Participant

      I thought that I bought the top 10 EA’s. I assumed that all the EA’s where profitable. Why else would they be called Top 10 EA’s?

      So this is kind of misleading sales strategy from EA Trading Academy. If I have to test all EA’s myself than this takes a lot of time. I wonder how much profit other users have been made with the EA robots or that this is a scam. I am allready thinking to ask for a refund.

    • #256767
      User AvatarAlan Northam
      Moderator

      Hi Peter,

      I would suggest you keep a closer eye on the Top 10 app to see what the robots are doing and when they are replaced. I have added some notes beside each of the robots you listed for your reference.  I used W1 for my analysis.

      EURUSD
      Robot EURUSD M15 2016102936.mq4 (open +28.40 dollar) Is trending downward. I would replace this one!
      Robot EURUSD M15 1957092103.mq4 (open -18 dollar) has been replaced
      Robot EURUSD M15 1886871919.mq4 (no trades yet) has been replaced

      XAUUSD
      Robot XAUUSD M15 2001591349.mq4 (no trades yet) has been replaced
      Robot XAUUSD M15 527700410.mq4 (closed – 191.60 dollar) !! has been replaced
      Robot XAUUSD M15 417585610.mq4 (no trades yet) has been replaced

      XAGUSD
      Robot XAGUSD M15 569850565.mq4 (open +363 dollar) !! Is trending upward. Nice profits!
      Robot XAGUSD M15 1080231101.mq4 (closed -309 dollar) !! Is trending downward. I would replace this one!
      Robot XAGUSD M15 1752378582.mq4 (no trades yet) Is not trading very often. I would consider replacing this one!

      Alan,

    • #256788
      User AvatarPeter Lock
      Participant

      Thank you for explaning this to me. I thought all robots are profitable, but that was wishfull thinking of me. I replaced the one you suggested. Lets see if this goes better.

      How do I know when there are new robots of when robots are replaced? Can I subscribe somewhere for notification?

      • #258358
        User AvatarMarin Stoyanov
        Keymaster

        Hey Peter,

        I already wrote to you over email about this, but I’m sharing it in case you missed that.

        On our powerful servers we use the Express Generator which generates over 8000 new strategies per market every day. Then we pass them via Acceptance Criteria and Monte Carlo. We merge them to our running collections (up to 100 strategies per market). During the weekend, we choose the best 30 for a market and upload them to the Top 10 Robots App server.  The strategies are kept in the Top 10 until they perform well in a virtual trading environment. We have strategies for staying in the Top 10 for more than a few months. That’s why most strategies have a different Create date (when the strategy was created) and Added date (when the strategy was added to the server).

        As Alan pointed, there is no notification about this process. You just need to go to the app and see if new strategies are added for the pair you trade with. Also don’t forget that if you trade with more strategies you need to adopt your lots accordingly. Otherwise you are risking higher portion of your account. You can watch this video to see how we manage the EAs in our accounts. This is not a financial advice, just the way we use the EAs and works well for us. You can follow a similar system or you can implement your own system if you prefer.

    • #256793
      User AvatarAlan Northam
      Moderator

      Hi Peter,

      Not all robots are profitable.  If it were that easy all we would have to do is stick a robot on the chart and we would all get rich.  Trading doesn’t work like that whether you are manually trading or using Expert Advisors.  Now lets talk about the Top 10 EAs.  These EAs are live traded and if you will look at theY5 time frame you will see they all been profitable.  However, as the EA traded in a profiable direction over the last 5 years notice the little periods where the balance line moved downward but they later continued to move back upward again.  Now look at the W1 chart.  These are the same EAs but now we have zoomed in on what is happening over the last week.  As can be seen, some of the EAs are moving in a downward direction.  This is the newest little downward bump if we could see it clearly on the Y5 chart at the right edge of the chart.  This does not mean these EAs are not profitable.  They are just going through a short draw down period.  Once the draw down period has ended these EAs will start to move higher again.  However, life is not perfect.  Once in a while we will see an EA continue to start to makeI larger draw downs than normal.  When this happens the EA is replaced.  Now lets talk about the normal drawdowns which we are most likely seeing the W1 charts.  Most likely these drawdowns are normal and the EA will most likely start to move higher again.  However, we cannot predict the future 100%.  So why stay in a drawdown thinking it will eventually turn back upward and the profits will resume like they have been doing for the last five years?  What is something has changed and the drawdown continues and we end up will larger losses.  We don’t want to do that.  So the solution is to stop trading the EAs that have started to drawdown and replace them with EAs that are current making profits (balance line moving upward).  Does this make sense?  This is what we do as traders to try and control risk.

      There is no notification you can subscribe too.  What you need to do is to go the the app and look in the the top right corner of your screen and click on Latest.  This will show the most recent changes in the robots.

      Hope this helps!

      If you have more questions just ask!

      Alan,

    • #258376
      User AvatarR&Y Trading
      Participant

      Hi Peter,

      I also setup demo account on 23rd May (Pepperstone, leverage 1:500. 3K USD, 0.02 max lot size for all trades). Currently running all Top 10 EAs Forex , Gold and Silver. Total 80 EAs, added a few more new top 10 EAs over last weekend so total 98 windows.

      Closed profit over AUD$+240 with another +98 floating loss as of now, a few drawdowns just over the past hours, but give it more time.

      My friend is using the original January Top 10 gold EAs and never touched the EAs and the 5K account is now 16K AUD. 4/6 are losing every week, but the account is still growing. Time to prune poor performers. I know he is using the top 4 EAs from January now on his live account and making consistent money.  Give it time.

      Also worth adding EA Studio USA30IDXUSD M5 1514048350 (Free EA from Petko youtube channel. https://www.youtube.com/watch?v=W0uutczwApw&t=217s) has made over 2.5K AUD at 0.5lots on a live account. Opened a sell the other day with profit of AUD$1360 and growing. crazy free EA!

      Hopefully more Indices EAs are created and posted (AUS200, GER40, HK50, US500 etc). I’m happy to test!

    • #258591
      User AvatarPeter Lock
      Participant

      Thank you for your message. I had lot size on 0.1 for all trades. Beside that I made a stupid beginners mistake I think. I closed all the windows that where losing money and removed them from the EA folder, but I didn’t closed the open trades. I closed the transaction window in the MT4 app in the beginning. So I didn’t see the open trades.

      I closed all trades now and added 33 EA’s with 0.02 lots for all robots. I added the USA30IDXUSD as well. Lets see how it will go from here…

      • #259247
        User AvatarR&Y Trading
        Participant

        Hi Peter,

        Regarding the US30 EA, I have maximized profit on live account by manually closing winning trades based on market sentiment. EA seems to close trades very late and give back up to 50% of profits. However once manually closed EA seems to pick the new direction pretty quickly.

        Ive also added all Gold, Silver and Forex 1Year Top 10 EAs to a new Pepperstone demo account.

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