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As promised I am updating the results of my EA Portfolio. This portfolio consists of 10 EA’s with each EA in a separate MT4 terminal. This portfolio is now 19 days old. This week the portfolio resulted in a small loss of $57.71 or -0.8% of portfolio balance. Up until this past week the portfolio had generated a nice 5.5% profit. I contribute the losses this past week due to the bad economic reports from CPI and PPI. I believe the results of this portfolio of EA’s will improve with time as more trades take place.
This past week I also update the portfolio with the July EA’s. Two of the MT4 accounts still had open trades in progress so I did not update these two accounts until these trades were closed.
The attached PNG file shows the status of the portfolio to date. This month I decided to show the Strategy table sorted by the profit column. One note about the totals of each column is the profit factor of 0.88 is not really accurate as several strategies don’t have any losses and therefore the profit factors cannot be calculated.
I will update this portfolio again at the end of July…
How do I get the July 50 EA’s? The button at section 4.1 of the course still links back to the June EA’s!
As promised I am now updating my portfolio of 10 EA’s comprising of EURUSD. I started this portfolio of EA’s 10 days ago. To put together this portfolio I opened 10 MT4 accounts. Five accounts with Oanda.com and five accounts with Forex.com in the United States. I funded each account with $400 and set the lot size to 0.05 lots. I selected the EA’s to use as discussed in a previous post shown above this post. The results show that I had a total profit of 5.5% over this 10 day period as shown in the attached picture. The picture also shows that over the last 3 days the portfolio had losses. I attribute these losses to the Non-Farm-Payroll report that came out Friday with the markets starting to brace for this report from Wednesday onward. The first 7 days of the existence of the portfolio showed profits with the flat period occurring because of the weekend. In reality, I don’t expect this portfolio to just make profits day after day. What I expect is for some days to be profitable and some with losses but overall I expect the trend to point in an upward direction. It will be interesting to see how this portfolio of EA’s does over the balance of July.
Some may be wondering how I am managing this portfolio. So far I have not made any changes to the EA’s. Each day I have been running the MT4 Strategy Tester on each of the accounts and looking at the resulting graphs to examine the trends. Two of the accounts have not yet had any buy or sell triggers. Two of the accounts are moving sideways. The remaining accounts have been fairly active. Overall the portfolio has exhibited an average of 2.8 trades per day. I have not yet received my 50 EA’s for July. However, once I receive them I will examine each by running them through the MT4 Strategy Tester and catalog the results as I have shown for the June EA’s in a previous post above. I may at that time make a few changes to the portfolio. However, the EA’s from my June selection I will continue to leave in the portfolio for another month as long as they continue to perform well. As for the lot size, once I feel completely confident in the performance of this portfolio I may increase lot size slowing in 0.1 lot increments. My overall goal would be a portfolio that increases by 1% per day. Over the last 10 days this portfolio has increased by 0.54% per day. Not bad for starters.
I will update again next weekend…
I went to section 4.1 every day and clicked on the button but all that shows up is the June folders containing the June EA’s. What am I doing wrong?
Did you test the EA with the MT4 Strategy Tester? How often does the EA take trades using the Strategy Tester?
So far my portfolio of EA’s is doing good but I only have 6 days of trade results so far. I will be showing the results of my EA Trading Portfolio consisting of 10 EA’s this next weekend on the following forum: How to Select EA’s to Use?
I am new to using EA’s myself but I can share my plan with you. I get 50 updated EA’s from the “Top 10 EURUSD Expert Advisors: Top EA Forex Trading” course I took every month. I have put these 50 EA’s in a demo MT4 terminal. I then did the strategy tester on each one of them using all the data history I have (two months worth) which I believe to be sufficient because I am only interested in the recent performance of these EA’s. I then recorded the results of EA’s that had PF greater than 1.2 and number of trades greater than 2 and graph showing an upward trend. I then sorted the list by Greatest profit to the least profit. I then selected the EA I want to use by the greatest profit. It seems to me that I want to pick the EA’s with the greatest profit over the last two months regardless of the number of trades or the PF. I may change this opinion over time but for now this is my plan. Since I am running 10 MT4 terminals I then select the top 10 EA’s making the most profit.
Now how do I plan on managing these 10 EA’s. Every weekend I will run the strategy tester on the 50 EA’s in my demo account. I will then update my spreadsheet. Next I will run the strategy tester on the 10 EA’s in my MT4 live accounts and review the graphs. As long as these graphs continue to trend upward and making good profit I will leave them. The EA’s whose graphs are starting to point downward I will replace with EA’s from my spreadsheet. I will update my plan as needed as I continue to gain experience trading EA’s.
I hope I have made my plan clear enough, if now ask questions.
Yes I am using the EA from the top 5 course. From the top 10 I need to pick myself I have only added two of them to two live accounts and I am monitoring them closely. I have also reduced lot size to 0.05. As these go into profit I will be adding additional EA’s to live accounts. It will take some time to get all 10 live accounts fully up and running. Once I have sufficient closed trades I will then add them to FXBlue. As for using less correlated EA’s, I don’t have a group of less correlated EA’s to chose from. As this portfolio of EA’s makes money I plan on using some of the profits to add courses so I will have access to other currency pairs to chose from.
Currently, I am undecided about using EA Studio. From the messages in the Forum it seems like it could take quite some time to learn how to use it properly so that I can get reliable EA’s from it. Therefore, at this time I think it would be less time consuming to just add courses to select EA’s from and let you guys deal with EA Studio. I think my time would be better served using your EA’s and putting together a good performing portfolio of EA’s. I could change my mind at a later date but for now this is my plan.
The 50 EA’s I used came from the ” Top 10 EURUSD Expert Advisors: Top EA Forex Trading ” course. The 50 EA’s were selected as a result of testing strategies in EA Studio. I then took those 50 EA’s and tested them in the invironment they will be used using MT4 strategy tester. See attached spreadsheet which shows my results.
I have been demo trading for the last two months using EA’s from the ” Top 5 Forex Strategies from a Pro Trader + 5 Forex Robots ” course and have had good results with the EURUSD EA from that course which has given me confidence in going live.
