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  • #114470

    Good point!

    I would also suggest you keep it simple. In the past, I used to have dozens of Demo and Live accounts which I was using to test 1000s of EAs. And the daily check was obviously taking me a few hours. So I started checking the account 3 times a week, after that, just 1-2 times during the weekend was wrong.

    As Samuel says, it is better to check daily but quickly (so you won’t lose a lot of time with that).

    More, it depends on what time frame you are trading. If you use M1 and you have many trades daily, then you need to check often. But if you trade on H1, H4, or D1, you won’t have a lot to check.

    So finding the golden middle would be best.

    #114511
    Samuel Jackson
    Moderator

    That’s been my learning too Petko.

    Aiming to keep things simple is always best and if what ever you are trying starts to feel too complex then take a big step back and do some thinking!

    Also fallen victim to trying to manage far too many demo accounts. Finding the golden middle ground as you say with regards to simple systems and the amount of tests you are running at once is really important otherwise it can all get too messy and its easy to end up learning nothing because the lessons are all to jumbled. Less haste is more speed as they say 🙂

    #114556

    Absolutely!

    And everyone should be enjoying it, and not struggling with it.

    Plus, the IDEA of algo trading is not spend a lot of time on the PC 🙂

    #118358
    Matthew Roberts
    Participant

    I’d like to update you.

    It’s been 3 months since I shared my strategy that I was going to test on a demo.

    Here’s an update with the profits and losses of the demo.

    Starting Balance
    $  10,000.00

    3/24/2022 – 4/7/2022
    $    6,582.10
    4/7/2022 – 4/21/2022
    $  (2,037.61)
    Month 1 Total
    $    4,544.49

    4/21/2022 – 5/5/2022
    $  (1,160.98)
    5/5/2022 – 5/19/2022
    $    4,132.21
    Month 2 Total
    $    2,971.23

    5/19/2022 – 6/2/2022
    $  (3,325.80)
    6/2/2022 – 6/21/2022
    $          83.52
    Month 3 Total
    $  (3,242.28)

    Ending Balance
    $  14,273.44

     

    The contract size is 10 on my broker. I started with .10 lots.

    At the end of every 2-week period, for every 2000 I gained or lost, I increased or decreased my lot size by 0.11.

     

    I’m not happy enough with my results to trade live as month 3 was a total bust.
    Any suggestions?
    My demo is still in profit which is great!

    #118422

    Hey Matthew,

    Glad to see you shared your results.

    Can you make it clearer how you decide to increase or decrease your lots? And why would you do that?

    Also, did you make any changes to the parameters or just the trading amount?

    Petko A

    #118460
    Matthew Roberts
    Participant

    Hi Petko,

    I am making no changes to the strategies. No manual entries, exits or modifications are being performed.

     

    As for why I change my lots it’s in attempt to compound my account with the profits. For example a person with $100,000 could trade larger lots than a person with $10,000.

    See below for how I am scaling it.

     

    Every time I run a new batch of bots I’ll input the below formula to decide which lots all of the robots in the portfolio will trade at for the 2 week period I run them.

    I am essentially adding extra lots as my account size scales up or down.

    The exact formula

    initial lots = (Beginning Balance / 1000)/100

    new lots used = initial lots + ((Current account balance – Beginning Balance)/2000)

     

    So my beginning balance was $10,000 so the first 2 week period I ran .10 lots on the portfolio and gained $6500.

    After that I made new bots and plugged in the new lots used formula.

    .10+{[($16,582.10-$10,000)/2000]/100} =.1329105

    I always round down so I used .13 lots on the second round and so on until I posted here.

     

    Any other suggestions as to what might be causing some of these periods to not be profitable?

    #118605
    Samuel Jackson
    Moderator

    Hi Mathew.

    This seems like a big success really. Especially as you were just getting pure losses hen you entered this thread right?

    Balance drawdowns are pretty inevitable. Have you been keeping an eye on your equity drawdown?

    Also am I right in that you are moving EAs from demo to your mock live account monthly and still working with the same EAs on the original demo?

    I would recommend keep doing what you are doing for another month or two but also maybe run a second system side by side using the EXACT same process.

    It could be that this is just a natural drawdown and you may get another profitable overall three months OR perhaps the life cycle of your system starts to deteriorate after 2-3 months?

    4+ grand profit on a 10k account over three months is a great result as far as I am concerned.

    #118812
    Matthew Roberts
    Participant

    My equity drawdown is fine.

    In fact, my equity was so high at one point I would have passed a $100,000 proprietary trading firm challenge phase 1. But phase 2 I would have failed.

    I do a brand new system every 2 weeks and get rid of the old bots not caring how they would have performed.

    I read in other forums that Petko aims for about a 50% return every month.

    I’m curious for any suggestions on how I might change it up to gain results similar to that.

    Currently, I’m doing the same method I was using, however, I’m adding more assets to see how that works.

    I’m interested in adding XAUUSD.

    Any suggestions on SL and TP limits and how much backtest data should I be using to get to a minimum of 300 trades without getting the what I like to call “can’t generate enough strategies” message.

     

    #118847
    Samuel Jackson
    Moderator

    yeah but your balance drawdown recently was ~18 % which as you say would fail a prop challenge. Likely your equity drawdown was greater but would be good to know what it’s been throughout the life of your account.

    for example if it hit 20% and you knew that then reducing your lots size by just over half would have kept you in the challenge right?

    Of course it reduces the profit you will get so that needs to be balanced.

    Seems like you are going pretty good though, I’d keep doing what you are doing and if you wan to try anything different then do so on a separate account.

    Okay so by brand new system you mean you just go straight to live without any demo. Seems to be working well, would be definitely interesting to see how doing same thing for a few more months. If overall it works well again for three months then that would certainly give much confidence  I’d say

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