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Note: Do not start the free trial of EA Studio until you have followed the step by step teaching method of “EA Studio How To”.
Alan,
Have you been looking for a profitable method of trading Expert Advisors? If so, then I recommend following the method I used in trading Expert Advisors that lead to a funded Infinity Forex Fund account.
Also, have you been wondering if EA Studio is worth the investment. In my opinion YES! I used EA Studio to create the Expert Advisors used in the Infinity Forex Fund Challenge that lead to a funded account.
Did you know you do not need to purchase EA Studio before you learn how to use it? I have devised a step by step teaching method in learning how to use EA Studio. In this teaching method you will learn in detail how to use EA Studio, you will also be able to create some Expert Advisors and test them in a demo account, all before you purchase EA Studio. Once you have learned how to use EA Studio and have created some Expert Advisors and tested them in a demo account then you can decide if EA Studio is for you. To follow my step by step method in learning EA Studio, creating Expert Advisors and testing them in a demo account click on the this link: EA Studio How To
Alan,
Dear Traders,
I am currently testing all the Prop Firm robots on my FXIFY 10K Challenge. The purpose of the test is to find which robots perform best using the FXIFY historical data. During the test all robots will have a 0.01 lot size.
The following link will take you to the FXblue app where you can follow along with the test.
To follow along with the test you can click on the Overview tab, then select the Orders tab, and then select Open orders tab and then select Open orders or Closed orders.
You can also look at the Closed orders by clicking on the Stats tab and then clicking the Symbols tab. Here the can sort the symbols by selecting the Net profit tab to find the most profitable EA’s to trade.
Alan,
IG US will change its name to tastyfx on Monday, June 24th. We will notify you of the official change at that time. You can continue to access your account as usual. On June 24th, you may be redirected to our new website, platform, and mobile app—please use your existing account details to login and enjoy our new resources.
Alan,
Hi Peter,
Not all robots are profitable. If it were that easy all we would have to do is stick a robot on the chart and we would all get rich. Trading doesn’t work like that whether you are manually trading or using Expert Advisors. Now lets talk about the Top 10 EAs. These EAs are live traded and if you will look at theY5 time frame you will see they all been profitable. However, as the EA traded in a profiable direction over the last 5 years notice the little periods where the balance line moved downward but they later continued to move back upward again. Now look at the W1 chart. These are the same EAs but now we have zoomed in on what is happening over the last week. As can be seen, some of the EAs are moving in a downward direction. This is the newest little downward bump if we could see it clearly on the Y5 chart at the right edge of the chart. This does not mean these EAs are not profitable. They are just going through a short draw down period. Once the draw down period has ended these EAs will start to move higher again. However, life is not perfect. Once in a while we will see an EA continue to start to makeI larger draw downs than normal. When this happens the EA is replaced. Now lets talk about the normal drawdowns which we are most likely seeing the W1 charts. Most likely these drawdowns are normal and the EA will most likely start to move higher again. However, we cannot predict the future 100%. So why stay in a drawdown thinking it will eventually turn back upward and the profits will resume like they have been doing for the last five years? What is something has changed and the drawdown continues and we end up will larger losses. We don’t want to do that. So the solution is to stop trading the EAs that have started to drawdown and replace them with EAs that are current making profits (balance line moving upward). Does this make sense? This is what we do as traders to try and control risk.
There is no notification you can subscribe too. What you need to do is to go the the app and look in the the top right corner of your screen and click on Latest. This will show the most recent changes in the robots.
Hope this helps!
If you have more questions just ask!
Alan,
Hi Peter,
I would suggest you keep a closer eye on the Top 10 app to see what the robots are doing and when they are replaced. I have added some notes beside each of the robots you listed for your reference. I used W1 for my analysis.
EURUSD
Robot EURUSD M15 2016102936.mq4 (open +28.40 dollar) Is trending downward. I would replace this one!
Robot EURUSD M15 1957092103.mq4 (open -18 dollar) has been replaced
Robot EURUSD M15 1886871919.mq4 (no trades yet) has been replacedXAUUSD
Robot XAUUSD M15 2001591349.mq4 (no trades yet) has been replaced
Robot XAUUSD M15 527700410.mq4 (closed – 191.60 dollar) !! has been replaced
Robot XAUUSD M15 417585610.mq4 (no trades yet) has been replacedXAGUSD
Robot XAGUSD M15 569850565.mq4 (open +363 dollar) !! Is trending upward. Nice profits!
Robot XAGUSD M15 1080231101.mq4 (closed -309 dollar) !! Is trending downward. I would replace this one!
Robot XAGUSD M15 1752378582.mq4 (no trades yet) Is not trading very often. I would consider replacing this one!Alan,
Hi k,
Don’t worry about time zones. I don’t! As long as you see a smiley face everything is working correctly. Just be patient and the trades will come.
Can you show a screenshot of the upper left area of the trading chart so I can see what it is saying? Then I can help further.
Alan,
Hi Ronald,
If you are using MT4 and see a smiley face in the upper right corner of the trading chart or if you are using MT5 and see a blue hat then the EA is working correctly and you just need to give it more time to start placing trades.
Alan,
Hi Traders,
Today I opened a 10K 1 step challenge with FXIFY Prop Firm. The first thing I learned after installing the MT4 terminal is that this prop firm does not allow much historical data. In fact, the historical data allowed for the M15 time frame, my favorite time frame, is less than 1 month. This does not allow me sufficient historical data to create some Expert Advisors. So how do I successfully trade using this prop firm? So I am going to use this account to run some tests. The first thing I am going to try is to take my Expert Advisors I created over 9 weeks ago that I am using on my Infinity Forex Fund Challenge and install them on my FXIFY trading charts. I am going to set the lot size to 0.01 and monitor how these EAs perform over the next week. I will report my finding next weekend. So I am actually running two tests at the same time. First I am testing if EAs created over 9 weeks ago can still be used for trading. Second, I am testing if EAs created from historical data from another prop firm can be used. Stay tuned…
Alan,
FXIFY is the only prop firm that I know of that allows traders in the United States. Here, Nicholas has started his first FXIFY Challenge. In this link Nicholas shares his first experiences with this prop firm.
https://eatradingacademy.com/forums/topic/ftmo-robot-app-v6-0-new-features-released/#post-249312
Thank you Nicholas for sharing,
Alan,
Just updating the thread in case future users read it.
FXIFY does in fact allow US users, works with MT4, and MT5, and allows EAs.
The only thing is you need to contact them and have them review your EA to approve it.
I showed them a 3 minute video of it running and they approved the EA within 24 hours.
Cheers, everyone and thank you Alan for the suggestion to look into them
Hi Nicholas,
Check out https://www.fxify.com/. I am not recommending any prop firm but this prop firm accepts US traders and you can use MT4 and maybe even MT5.
Alan,