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The last thing I do before leaving the Settings Tab is to set the “Maximum daily drawdown %” to 0.5. This means that if the asset I am trading loses 0.5% of my account balance the assets position will be closed. I also set the “Maximum Equity Drawdown %” to 6.0. This means that if the account loses 6.0% the account will stop trading. Lastly, I set the “News Priority” to “High News Filter”. I find high news can cause high volatility in the markets whereas the “Low News Filter” does not.
Alan,
Agreed, I would recommend learning EA Studio first! Then once you become profitable trading with Expert Advisors created by using EA Studio you can move on to adding Express Generator.
Alan,
Hi Bob,
Sorry to hear you are having problems being successful using the Top10 app robots. The problem I see with using the Top10 app robots is that they are created and tested using Blackbull historical data. The problem with historical data is that it is difference with with many difference forex brokers. So, you have two options. One option is to use the Blackbull forex broker, or two, test the robots with your broker. This is what I did. I downloaded all the Top10 robots and backtested them all with Oanda to find which ones produced a nice balance line. From this test I then picked the best performing ones to trade. Notice with the Top10 robots I am trading on Oanda I call it a test. This is because I want to test them for about four to six months before trading them on a live account. This test account is still doing very well with a balance of $110,500 or 10% over the last 90 days.
Hi Zoran,
When you move a robot from a demo account to a live account there are two things you should do. One is to make sure you are using the same broker for both the demo and live accounts. Secondly, keep the robot on the demo account and also on the live account. This will let you know if the demo account and the live account are using the same historical data. By doing this when you see the live account in a drawdown you can check the demo account to see if it is also going through the same drawdown. What you did by moving from a demo account to a live account and found that with the live account the robot starting losing you don’t know if the live account is the problem or if it is just going through a drawdown. If you find the demo account and the live account produce different results you can always use a trade copier. I use the free trade copier from FXblue to do this very thing. I test all my robots with just one broker and when I want to trade them with a different broker, such as a prop firm, I use a trade copier.
Guys, also note I am no longer using the forum or adding content. I do however, get an email when you guys post something so I can still respond to questions but I will not be adding content once a week.
Alan-
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,
