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The 2nd thing I do when using EA Studio is to set up the Acceptance Criteria. The following are the settings I use:
Note: The Minimum count of Trades changes depending on the lookback time frame. Currently it is set up to a lookback time frame of 5 years.
Please leave a comment if you are following this thread. In this way I will know if anyone is following it, Thanks!
Alan,
Hi Guys!
This first graphic show the performance of the EATradingAcademy Top10 App Robots I have selected to use in this Oanda dot com test demo account. This graphic shows this account is now 68 days old and has gained $10,363.59 or 10.4%. This graphic also shows a calculated monthly return of 4.6%. Not too shabby!
Oh, by the way what about Open Positions represented by that negative 387.91 Floating P/L? Well this second graphic shows a closing profit on Friday of $1,842.00 so I am not too worried about this floating loss. It is very possible these open trades could turn into profits before they are closed.
This third graphic show the balance line of this demo account since its beginning. Had a bad beginning but otherwise, Nice!
This last graphic shows the balance line of each of the assets. This graphic shows EURJPY as being the underperformer. However, when I look at the last several days I see this asset may be starting to move higher. So I will continue to keep this asset in the demo account to see if it continues to move upward.
Overall, I am quite happy with the results so far for this demo account!
To view the Top10 robots click here.
To go to the beginning of this thread click here.Let me know what you think!
Alan,
Hi Zoran, Have you tried to clear your browsers cache or tried to use a different browser? Have you contacted support via email?
Alan-
Hi Alesamo, Thanks for your comments and questions. I am still using the same robots I downloaded when I started the test. I have thought about starting a second test demo account using my Oanda broker so as to validate the methodology in selecting the Top10 app robots. Truthfully, I sometimes wonder if my efforts of sharing my methods of trading robots is of value as it doesn’t seem like I get any response from other traders.
I am using the 15 minute time frame which is my favorite time frame to use.
If I were to replace a robot I would close any open position. The reason is the robot contains an indicator that could force the position to close before it hit the TP or SL. For this reason, as long as a position is open and trading the robot needs to remain active.
Where are you located?
Alan,
Hi Guys!
One of the problems with using the Top10 app EA’s with the Oanda dot com broker is that these EA’s have not been tested using Oanda’s historical data. Please keep in mind that each broker/prop firms historical data is not the same and Expert Advisors will perform differently. Therefore when using historical data that has not been tested with the expert advisors it cannot be depended upon that choosing the top performing EA’s from the Top10 app will perform as expected. For this reason I had to choose the EA’s from the Top10 app in a different way. To learn how I did this refer back to the beginning of this thread where I explain my process.
This first graphic show the performance of the Top10 app EA’s since the beginning of this Oanda dot com test demo account. This graphic shows this account has gained $7,293.40 with a calculated monthly return of 3.5%.
This second graphic shows each of the assets that have been in this demo account since day one. This graphic also shows the statistics for each of these assets.
This third graphic show the balance line of this demo account since its beginning.
This last graphic shows the balance line of each of the assets. This graphic shows EURJPY as being the underperformer. Since this is a test demo account I plan on leaving this asset in the account to see if it will start to perform well. However, if it starts to move lower by next weekend I may remove it.
To view the Top10 robots click here.
Alan,
TOP 10 ROBOTS / OANDA DEMO ACCT
Hi Guys!
Just a quick update: Several open trades were closed recently which has now improved the 30 day statistics. Note the Monthly Return has bumped up from 1.8% yesterday to 3.6% today, also Profit Factor has increased to 1.64. Currently this test account has open trades equaling $185. Once these are closed I would expect the monthly return to improve somewhat again.
Alan,
TOP 10 ROBOTS / OANDA DEMO ACCT
Hi Guys!
It has been 54 days now since I started this Oanda dot com demo test account using the EATradingacademy’s Top10 app robots. The following is a quick update.
This graphic shows the stats over the last 30 days. This test account shows a monthly return of 1.8% using a total lot size of 5 (1 lot for each of the five assets). Since the account size is 100K the lot size could have easily been greater without margin problems. For example should the lot size have been doubled it would have indicated a 3.6% return over the last 30 days. However, it is not the purpose of this demo account to optimize its return but to simply test if using the Top 10 robots on an Oanda broker trading account in the US could be profitable.
Also notice this demo account has $715 in open trades. Once these trades are closed the Monthly Return should be improved.
So far I am happy with the progress of this test account.
I will show detailed update at the end of the month.
To view the Top10 robots click here.
Alan,
The first thing I do when using EA Studio is to set up the Settings. The following are the settings I use:
My methodology in learning how to use EA Studio
Alan,
TOP 10 ROBOTS / OANDA DEMO ACCT
Hi Guys!
It has been 40 days now since I started this Oanda dot com demo account test using the EATradingacademy Top10 app robots so I thought I would go ahead and do an update.
This first graphic shows a calculated monthly return of 2.3%. This graphic also shows a total equity of $103,177.87. Since this account started with a $100,000 it can be calculated this demo account has $3177.87 profit or a profit of 3.1% over the last 40 days.
This next graphic shows the balance line over the last 40 days. The first part of this graphic shows the demo account had a rocky start moving in an up and down direction making lower highs and lower lows indicating a downward trend. From December 20 through the end of the year the balance line moved mostly sideways. This is an indication of the lack of trading activity of the big traders during the Christmas holidays. Now that Christmas and New Years is over the balance line has started moving in an upward direction making higher highs and higher lows indicating an upward trend.
This account seems to be making good progress. Keep in mind when I selected the Top10 robots to use in this demo account I only had about two weeks of historical data to use in the Strategy Tester in selecting the best performing robots. I have not made any changes to the robots since I selected them 40 days ago.
As to this demo account only having a monthly return of 2.3% is just used to show progress. A higher monthly return could be easily achieved by doubling the lot size to 2.0 lots.
Overall, at this point I am satisfied with the results I am getting using the Top10 robots on an Oanda demo account in the US contending with the FIFO requirements, the lack of significant historical data and using the MetaTrader Strategy Tester to make the selection of robots.
Alan-
Hi Francesco,
Thanks for responding! I don’t understand why your VPS could be saturated. Are you sure its a VPS problem or are you using MT4? All you need to do is to run one instance of MT5 and upload all the robots to it. With MT5 you can upload up to 99 Expert Advisors. Any VPS should be able to handle this. What VPS are you using? Are you using MT4 or MT5? What broker are you using? Are you in the US?
Alan,
Hi Francesco,
Yes it is possible. You can see that by looking at EAtradingacademy’s Top 10 robots app and select the time period you are interested in. Then you can view the balance lines of some of the robots to see how they have performed over that period of time. Keep in mind that these robots are being traded using the Blackbull historical data. When downloading any of these robots and trading them with other brokers the performance can vary drastically. For this reason it is better to download all the robots to a demo account with the broker you plan on using and then monitoring their performance for a period of time and then select the robots that are working best with your broker to trade in a live account.
Hope this helps!
Alan,
TOP 10 ROBOTS / OANDA DEMO ACCT
Hi Guys!
With this first graphic I decided to start at the top level and work downward into the details. This first graphic shows a balance of 101,652.73 compared to last weeks balance of 99,105.36 for a weekly profit of 2,547.37. I chose to compare balances as they represent the closed trades. This first graphic also shows a calculated monthly return of 2.7% based upon the history of 19 days.
This next graphic shows the balance line over the last 19 days. In the first several days this graphic shows the balance line moving in an up and down direction making lower highs and lower lows indicating a downward trend. However, the last several days shows the balance line moving upward and making a new higher high, an indication the downward trend has ended.
This final graphic shows the individual balance lines of all five traded assets. Note USDJPY has been moving in a nice upward trend over the last 19 days. EURUSD and GBPUSD have been trading in a horizontal direction over this same time period. Note also USDCHF and EURJPY can be seen moving in a downward direction for the first two thirds of the time period. However, over the last one third of the time period of 19 days EURJPY has been flat while USDCHF is starting to move upward. Since none of these five assets are now moving in a downward direction I have decided to continue trading these same assets this next week.
This last week this demo account has made significant progress. It will now be interesting to see how this account performs this next week knowing it is Christmas week. I expect trading to be light this next week as many of the big traders, who are the ones that really moves these markets, will be taking some vacation days. So, it will be interesting to see what progress this account can make during this Christmas week.
Note: I do not have any plans on continuing to report the progress of this demo account on the forum after this year.
Alan-
This first graphic shows the balance line of the top selected EA’s over the last 42 days. Note the balance line has started to turn upward during this past week. The balance line started turning back upward as a result of replacing all the Expert Advisors last weekend. The replaced Expert Advisors were chosen from selecting top performing Expert Advisors from the pool, one for each asset.
This last graphic shows a nice calculated monthly return of 4.1% monthly return based upon the last 42 days performance.
This weekend I will once again select top performing Expert Advisors from my pool of Expert Advisors and add them to my portfolio while removing all Expert Advisors used last week. Hopefully, this will help to keep the balance line moving in an upward direction.I will continue to monitor this portfolio until the end of this year. Based upon its portfolio I will determine whether or not to use this portfolio to copy trade to a prop firm early next year.
Note: I do not have any plans to continue with this topic after the first of the new year.
Alan-
