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    • #198249
      User AvatarSam Tel
      Participant

      Hi there Petko,

      Thanks so much for putting together the 21-day program.

      My question is about how you manage the bots in later stages of setting them live. What are the criteria you use to keep them in the live account and when to pause them? After x losses or x $ in losses or? How to know when you have to optimize a robot for the current market conditions?

      Thanks!

    • #198645
      User AvatarAlan Northam
      Moderator

      The answer to your question is found in the “Forex Trading with EAs + 30 Best Strategies” course that you can download and watch on Day 3 of the 21 day course. Basically what you do is wait for 5 days after you start trading the Portfolio’s then you look for the strategies that have produced losses and have 5 or more trades. These trades are then eliminated from the portfolio. How to do this is explained in the course you are to watch on day 3.

    • #198733
      User AvatarSam Tel
      Participant

      Hi Alan, thanks for you response. That part I did understand from the videos, but I mean all robots stop working at one point in time, how do you decide in this case when to eliminate one from your accounts?

      To clarify with an example: the robot does not make 5 losses and you leave it running. After a while it comes into a losing period, or it stops performing all together. What criteria do you decide to eliminate it for good? Let’s say it’s done 20, 50 or 70 trades and it’s profitable, but then it starts losing. You don’t want it to lose all of its profits before turning it off, so what is the criteria for a bot that is already running for a while?

      Thanks!

    • #198735
      User AvatarSam Tel
      Participant

      Or, for that matter, when to re optimize them and how to re optimize when a robot stops performing

      • #198979
        User AvatarAlan Northam
        Moderator

        Hi Sam,

        I wouldn’t try to re-optimize a robot that is no longer working.  It is better to create a new robot that works under current market conditions.  This can be done using EA Studio.  Having said that if you are just going to use Petko’s 3 Portfolios and not use EA Studio what you will need to do is just eliminate the EA’s that are not working and wait until next month when Petko uploads the new portfolios then the new portfolios will replace to old ones.

         

        • #199371
          User AvatarSam Tel
          Participant

          Thanks for your reply Alan, makes sense!

    • #198869

      Hey Sam,

      I usually remove the Robots if the Profit Factor drops below 1.2. If you let it run until it drops below 1.0 it means you would have more losses than profits.

      • #199370
        User AvatarSam Tel
        Participant

        Hi Petko,

        Thanks, this is helpful!

    • #199955
      User AvatarSipho Bhiya
      Participant

      Hi

      Can someone assist me with the proper parameters for the USDJPY [M5] EA or the preset file… I am totally confused.

      Thank you in adnace!

      • #200260
        User AvatarAlan Northam
        Moderator

        From which course are you referring too?

    • #199980
      User AvatarSipho Bhiya
      Participant

      I have the same request for the GBPUSD [M1]

      • #200262
        User AvatarAlan Northam
        Moderator

        200K Account: Amount for new position = 6.0 / Maximum position amount = 6.0
        100K Account: Amount for new position = 3.0 / Maximum position amount = 3.0
        50K Account: Amount for new position = 1.5 / Maximum position amount = 1.5
        25K Account: Amount for new position = 0.75 / Maximum position amount = 0.75
        10K Account: Amount for new position = 0.30 / Maximum position amount = 0.30

    • #200274

      And that is if you want to risk about 1% per trade. It depends on what is your risk tolerance.

    • #200861
      User AvatarSipho Bhiya
      Participant

      I am referring to the  FREE 21-Day Online Program

    • #200962

      We avoid recommending trading lots. It is a personal choice with how much one will trade.

      Start with 0.01 Lot on a Demo account and increase it until you feel comfortable with the risk.

    • #220849
      User AvatarBrian Pelton
      Participant

      I have a question about the +30 EA Strategies (3 Portfolio EA’s) Do I constantly replace all the portfolio EA’s each month or do I slowly eliminate the losers of the previous month by monitoring the results then add the new 3 portfolios to Demo 1 for monitoring in addition to the previous month(s) strategies? Thank you!!

      • #220851
        User AvatarAlan Northam
        Moderator

        You can do it any way you chose.  You could also keep trading the old and the new portfolios in a demo account.

        Alan,

    • #220850
      User AvatarBrian Pelton
      Participant

      I also have to add that I’m taking the very top performers and adding them to a 2nd demo

    • #220854
      User AvatarBrian Pelton
      Participant

      Appreciate the fast response Alan. Yes, so far I have eliminated 2 losers from November strategies as they have reached 5 trades with loss. Of the 28 left I had 6 that were moved to demo 2 while still testing all 28 on demo 1 still. I also added the Dec strategies to Demo 1. I added Dec to the title so I can tell them apart and also changed the base magic number so I can track properly.

      • #220860
        User AvatarAlan Northam
        Moderator

        I think you have a good handle on it.  Keep it up!

        Keep us informed on how your trading goes!

        Alan,

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