- This topic has 28 replies, 4 voices, and was last updated 2 weeks, 6 days ago by
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Is it possible to view a solid historical results base on a platform such as myfxbook?
Thanks!
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Hi Alex,
When Myfxbook is attached to your MT4 or MT5 terminal it will collect all the trades from the terminal. You can then use Myfxbook to sort the results in various ways to determine which Expert Advisors are performing the best.
Alan,
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Thanks Alan, I know how myfxbook works.
My question is, in what way can I see the performance of TOP 10 EAs in the past? Is there no tracking on this? I imagine that if it is something that works well, there must be some follow up on this.-
Hi Alex,
Sorry I misunderstood your question.
I don’t know of any publicly available tracking for the top 10. You would have to ask [email protected] if there is any available data.
Alan,
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Hello traders,
We have placed the Top 5 Gold Robots on weekly timeframe from the Top 10 Robots App on a 200$ live account!
We are choosing the top 5 robots that have the most profits and we are placing them in the account. To be able to identify the robots inside of Metatrader, we just check the magic number and we change them accordingly if another robot is more profitable inside of the Top 5 range!
To show you more on that, you can see the screenshot below:
We pick the Top 5 from there and we place them on Metatrader.
You can check how they are performing here:
If you have any questions, let me know!
Kind Regards,
Nikos -
Dear traders,
I have an update regarding the account.
We have decided to keep the robots trade with 0.01 lots as they are active and we just upgraded the account from 200 to 500$
Kind Regards,
Nikos -
Dear traders,
We have placed the Top 5 Forex EAs from the Top 10 Robots App on a 200$ live account.
We are choosing the 5 most profitable EURUSD robots on the Top 10 Robots App on the weekly timeframe and we are placing them in the account. We are checking everyday to see which is the most profitable one and we replace any robot that gets more profitable than the ones that are already trading in the account. To understand which robot is which, we just check the magic number that is displayed on each robot in the App.
You can see more in the screenshot below:
You can check their performance from here:
If you have any questions, let me know!
Kind Regards,
Nikos -
Hi team,
Can you please help and explain the timeframe selection please? What are the main differences between them? Are the EAs in Y5 gear towards long term more the others? D1 is for day trading?
What are the best practices?
Thanks and kind regards
Pak
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Hi Pak Ku Leung,
No, they are all the same EAs. Choosing Y1, M1, W1, D1 does two things. For example, if you choose M1 then all the EAs that have not traded over the last one year are blocked from being viewed. Secondly, it zooms in on the right hand edge of the charts so you can get a better view of how the EAs are currently trading.
Alan,
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Hi Alan,
Thank you for the prompt reply. It is clear for me now.
Regards,
Pak
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I am happy to hear that. Thanks for letting me know!
Alan,
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Hi
The way i use top 10 EA are the followings.
Take EURUSD as example
–at least $20 profit (both in weekly and monthly)
-Profit factor > 1.2 (both in weekly and monthly)
– that EA must exist both in weekly and monthly
-monthly profit must be >= weekly profit
Using this way, run all the top 10 EA following this rules, it has more than $150 profit this week till now.
Every Sunday, i will use this way to renew all EAs.
Hope everyone can share his ideas.
Stewart
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Hi Stewart,
Thank you for the tips. Are you using the portfolio experts or using the top 10 EAs individually?
I have been running the Portfolio EAs for three pairs – GBPUSD, USDEUR, EURGBP for a week now on a demo account. The profit is still negative at the moment.
I will definitely try your approach on another demo accounts for next week.
Thanks
Pak
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Hi Stewart,
It is great to see you have a trading strategy. Let us know how it works in the weeks ahead. It would be good for other traders to learn that developing a trading strategy and sticking to it works.
Alan,
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By the way, i also include this way for Prop Firm Robots, so this week
i run total 15 portfolio including top 10 Robots and Prop Firm Robots.
Stewart
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Hi Pak
I use this way,
For EURUSD
1. First in Weekly, go thru each EA one by one .
then go to monthly to check.
then In monthly , click add that EA
2. Finally, download as portfolio in Monthly.
Stewart
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Hi Alan
i will report my weeky results weekly.
Stewart
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Hi
Update Friday result, add USD 50 more profit for Friday with floating PL 44 now.
But I forgot if i include this rule (monthly profit >= weekly profit) or not for this week.
I will try both in next week.
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Hi stewart,
If I understand correctly you have floating PL of $44.00 and you decided to add an additional $50.00 to your account.
Also I suggest you write your rules down so you can follow them in the future without error.
Keep up the good work and keep us posted!
Alan,
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Hi Alan
$50 Profit is the Friday P/L result.
So total this week P/L is around $200.
Rules is simple as the followings:
–at least $20 profit (both in weekly and monthly)
-Profit factor > 1.2 (both in weekly and monthly)
– that EA must exist both in weekly and monthly
-monthly profit must be >= weekly profit (This may be optional )
Hope it keep going well like this every week.
Stewart
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Hi team,
Would you normally close a trade manually? I have some trades in the demo account that been opened for 2 weeks. Some are in profile, some are in loss?
Please advise.
Thanks
Pak
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Hey Pak Kui,
We do not close trades manually, we let the robots do everything themselves after we have set them up with the correct settings.
Regarding the trades, it’s based on the market conditions on when they will hit a target that has been set by the robots, so it’s best to be patient on that.
Hope this helps!
Let me know if you have any more questions!
Kind Regards,
Nikos
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Today is my 3rd day with the TOP 10 EAs app and I have been impressed by the results so far.
First day I got a bit disappointed, as I put a Portfolio of Top 3 – 5y and Top 2 – 1y in XAUUSD and it took a losing trade which is never triggered in the backtests, which was pretty weird.
Then I decided to use it another way: I got the Top 3 – 1M for GBPUSD, USDCHF, EURJPY, XAUUSD and XAGUSD, and two days after it’s near to make a 50% in a 200€ account. It’s impressive. I will keep those portfolios updated every 2-3 days or every week so I have the most performing strategies all the time. This could have been luck, so I will see if this system keeps working in the following weeks. I will keep you updated. The broker I use is Fusion Markets if anyone minds.
Good job guys,
Kind regards,
Guillermo
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Hi Guillermo,
I am happy to read you are developing a trading strategy. Keep testing it for at least a month so the results will include all the news events that can affect the trade results. If you are getting 50% in a couple of days I would think your lot size is too large. This could cause severe draw down when the next high impact news events occur. Be sure to use good money management to keep risk under control so you don’t blow your account. Professional traders never risk more than 2% on any one trade, and when taking multiple trades they never risk more than 6%. While you are in the process of developing a trading strategy also keep in mind to develop a good money management plan as well.
Alan,
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Hello everybody!
I have some questions which make me restless.
When we make portfolio EAs, original magic numbers are replaced with new, base magic number + serial numbers. How to know which original magic number is behind new number? I can not check “bad” EA in Top 10 App to see its performance …
Regarding to first question, I have issue with XAGUSDs. They made several times bigger SL/TP then other instruments. I do not know which EA make a problem and why.
And, I still waiting for answer at forum/ready-to-use-robots/top-10-eas/ Properties & Settings
All best,
Zoran
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Hi Zoran,
The beauty of having a portfolio of EAs’ is when a few of the EAs’ are losing the other EAs’ in the portfolio will most likely be profitable and thus compensating for the losing EAs’ to keep the overall portfolio profitable. Further, the EAs’ in the portfolio that are currently losing will most likely be profitable in the days and weeks ahead and some of the EA’s that are profitable today may be losers in the weeks ahead. Basically, the EAs’ in a portfolio will move up and down in profitability in the weeks ahead while the portfolio as a whole will remain profitable. In my opinion the only time a portfolio should be modified i.e. removing an EA from it would be if the portfolio as a whole is underperforming your expectations or is losing. Bottom line, the purpose of using a portfolio of EAs’ is not to look at the performance of the individual EAs’ within the portfolio, but look at the portfolio as a whole.
To answer your question as to how to know which EAs’ in a portfolio are losing the easiest way to do that is to keep a list of the EAs’ Symbol and magic numbers in a text file. Then in the days and weeks ahead you can look them up in the Prop Firm or Top10 apps and see how they are currently performing. Doing this you can identify which EAs’ are losing. You could then recreate your portfolio eliminating the losing EAs’ and maybe replacing them with the current top performers.
I believe the other part of your question has to do with the profit of XAGUSD being much larger than the other EA’s. This indicates XAGUSD is having a major influence in the overall profit of your account. To reduce this influence you can reduce the lot size. It looks like XAGUSDs’ profit is about three times that of the other EAs’ so you could reduce the lot size of XAGUSDs’ portfolio to 0.01 lot.
Alan,
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Thank you Alan to reach me out.
Yes, that was exactly what I was thinking about, to replace “bad” EA with new, promising one and recreate new, better portfolio where EAs rowing in same direction. Making a text file is make sense IF the order of picking them determine new magic number. First picked will have serial number 000, second 001, third 002 etc. Is that the case? Or labeling serial numbers has some other logic?
Stay sharp,
Zoran
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Hi Zoran,
First of all not all the EAs’ in a portfolio will always row in the same direction as they all have different strategies. Some will move in an upward direction, some may move sideways, and some may drawdown all at the same time. Theoretically, this is why you put all the EAs’ in a portfolio so the EAs’ will compensate for each other keeping the overall portfolio profitable. When putting EAs’ in a portfolio you should look at the profit and loss of the portfolio and not the individual EAs’ making up the portfolio.
Secondly, you cannot count on the first EA added to the portfolio as being serial number 000, nor can you count on the second EA added to the portfolio as being serial number 001, etc.
Alan,
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