Method For Profiting With Top 10 and Prop Firm App

[Samuel Jackson]

Hi Everyone, I would like to help people become profitable or more profitable using the Top 10 App and Prop Firm Robots App. Please see my videos on the EA Trading Academy Youtube Channel along with my recent summary topic of many of the prop challenges I have passed using EA Studio.

The approach I would like to propose is different to the typical selection of EAs and trading them for a set period of time (I.e. trading for the week and then changing).

What I am going to propose will be built upon over coming months as there are a few nuances with risk setting etc but it will be very simple and I would encourage anyone to share their results using this method and ask questions.

The basic principle to what I am recommending in a nutshell is this:

1 – Place a selection criteria that increases the chances of selecting the most robust EAS that have a chance of surviving in the markets over the longterm

2 – Trading these EAs until they breach past performance statistics (I.e. They no longer perform as expected from past results)

This is an alternative to the typical used approach which is:

1 – Try to select the robots that are working well most recently (i.e appear to be working well in current conditions)

2 – Trade these for a fixed period of time

Both approaches are valid, however I want to offer an alternative that may be preferred by many users. OR you may just be getting started and want to test both approaches at the same time to find what you like best.

 

[Samuel Jackson]

SO lets get started with the Top 10 App.

STEP 1 – Variations on the following process can be applied but currently my opinion of best way to find robust EAs on this app should be as follows:

Focus on OOS trades. The more OOS trades that have been placed on demo that also look to have traded in a similar fashion to the back test over suitable period (1 year is fine for M5 and M15 but use ALL for higher time frame strategies)

Additionally you can also make a habit of downloading the best looking EAs regularly from this app, putting on a demo account and using FXBLUE to track your own statistics as these EAS change regularly, just a suggestion.

STEP 2 – List all your trading EAs in spreadsheet along with the drawdown % as listed on the app for ongoing monitoring

STEP 3 – Connect your account to FXBlue and then check weekly if any of your individual strategies have breached 1.5x the maximum drawdown in your spreadsheet (Always best to have a bit of a buffer)

And that is that :-)

Also very importantly for risk, make sure that the sum of your risk % profits doesn’t exceed your desired total drawdown. Trading 3-6 EAs at a time would be a good target and replace any that fail overtime with a new one.

Feel free to ask any questions and I will be happy to help!

Samuel Jackson

[Samuel Jackson]

Now for the Prop Firm Robots App

For this I would recommend an ALMOST identical approach to the Top 10 App process as described above.

However I would make ONE tweaks specifically:

1 – Rather than using the randomize feature to get unique strategies I would ensure trading 3 pairs and 2 strategies for each (or 2 pairs and 3 strategies for each). This way it will be extremely unlikely that correlation with other traders will occur (If you want me to further elaborate on this then just ask bellow) – Note that this can also be applied to using the top 10 app for passing Prop Firm Challenges.

And that’s that. Just do the same as described above, check your drawdowns using fx blue weekly and only make changes if required.

 

[Samuel Jackson]

Please ask any questions and I’ll be happy to help further an keep an eye out for future video which I will post a link to here that will further break this down and go into some more detail. Let me know how you get on.

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