[Roman]

Hola Petko,

Yes, its interesting to see how EA Studios and FSB help to shortcut a lot of the manual labor he describes in the book. But fascinating to see his story and how the world cup traders think when preparing for it.

[Roman]

I agree with Andi, if its about the price then the software is probably not for you. There’s a lot of value in what Petko built around that price to help give the training wheels needed to get up and running in a very short amount of time. At the end of the day it’s up to you if you’ll succeed or fail with the software, its just a tool.

[Roman]

Petko!

Great idea for the wishlist!

1. I love how fast EA Studios is, but i feel it overshadows how Powerful FSB is. Maybe some more FSB courses are in order?

2. I know Mr. Popov is probably up to his ears in requests to improve FSB, but I think if FSB can start to incorporate walk forward instead of us having to do it manually that would make me go back to using it full time.

3. If he can also provide us in EA Studios a FULL portfolio viewer like we have in FSB or to have a bridge so we can move the EA Studios strategies over to FSB to view. As I’m starting to focus more on portfolio construction I’m frustrated at times not being able to see all assets as a full portfolio like we can in FSB. I don’t have the time to manually create all the strategies in FSB that i find in EA Studios to check all correlations. This is my biggest wish item 🙂

Cheers.

[Roman]

Petko posted while i was writing my novel LOL

[Roman]

Good morning Facundo,

Sorry for the storybook I’m about to Write.

In sample and out of sample are two different ways of looking at your strategies. FSB and EA Studios utilize machine learning to find and backtest strategies. “In Sample” is what the software uses to build the strategy on, and depending on your acceptance criteria will then put into the collection for you because it’s saying “i found what you might be looking for”. The problem with this is that you have an extremely high chance of over optimization and wouldn’t know it until you put the strategy onto your demo (which will become valuable real estate as you produce more strategies). “Out of sample” comes into play as a simulation of what the strategy “should have done” if you placed it on a demo or live account when the OOS period started. However as i explained in another post, Market timing is now your next obstacle if the strategy has passed acceptance criteria, OOS, and Monte Carlo. When we place the strategy is also important, it could misread the market structure and get dragged around. This is why we see a huge separation when placing them on demo. Some are in tune with the structure and fly to the top of our FXblue list. Some are not in tune with the current moves in the market and fall the bottom. One of my first strategies I created at the end of 2018 wasn’t in tune and fell fast from my radar and was removed from further testing at the beginning of 2019. March of 2019 i bought a new PC and gave it another go since i didn’t have a huge selection of strategies on demo. It’s currently my 2nd best EURUSD strategy behind Petko’s that he released to us in September of 2018. Moral of the story, keep trying different things to find what you’re comfortable trading, then find your way of managing them on the live accounts. FSB and EA Studios are tools, its up to us to figure out how to use it to our advantages.

[Roman]

Good morning Facundo,

Try removing min net profit from acceptance criteria? Might be confusing the software. One thing I’ve noticed with the software over time, is that it’ll tell you “cant find strats” if it reached around 5000 created and none have passed the acceptance criteria by then. Check your position size and starting balance as well. If you’re over leveraged on what the software see’s as too small an account its probably generating strats that go right into margin call for your 500 minutes. Hope this helps?

[Roman]

Merry Christmas Petko and my Fellow Traders,

Yes best advise is the one you give to yourself after falling flat on your face trying something. Managing the account after going live is certainly the most stressful part of the learning curve. Very easy to get excited about strategies just to watch them fall from the sky. But you give a lot of good suggestions for us to experiment with to find our style. Will definitely keep you up to date. I’m definitely trying to be more consistent and active. Appreciate you as always!

[Roman]

Good afternoon Dkoh,

By flooding i mean generating a lot of strategies for the assets you trade in order to have more opportunity for good strategies to float up to the top. I’ve been very lazy since August when I blew my account over leveraging for a partnership i was shooting for. So right now i’m mainly focused on getting back into GBPJPY EURUSD USDJPY EURGBP and AUDUSD. Just took Petko’s gold coarse so i’m trying to get a good feel for my style of strategies for Gold, would like to trade WTI and Indexes as well but right now i’m strictly forex as my go to. But yes the last round of strategies i put into incubation in October will be ready for 2020 trading 🙂

[Roman]

Good morning Petko,

Thank you my good sir! Appreciate all we’ve been able to learn from you. Yes people give up because of no instant results. I remember when i joined you at the beginning of 2018, and I gave up for months before getting back to work around September of 2018. Again when you place the EA’s on the account makes a difference, flooding the asset is key to finding the strategies that are in tune with current market circumstances. It’s taken me this past year of consistent trial and error to figure out the kind of strategies i like and to see roughly how long they’ll last me. Most important thing is to figure out your own parameters for finding and retaining profitable strategies.

Keep up YOUR good work Petko, Warm Regards and Happy Holidays!

[Roman]

Or find a data provider you can trust and convert their bar data to MT4 format up to where your broker’s data begins.

[Roman]

@Andi – Yessssss!

[Roman]

@Thapelo – It very well could be. I find anywhere between 300 up to 2400 trades depending on the pair. I’ve found that the higher number of trade strats don’t last as long though.

@Simon – How you develop your strategies depends on a few things, but keep one very important thing in mind  “Risk Management”. Your parameters may be too strict, and can possibly filter them in the collection after you’ve got many to chose from. If you’ve only got 10 you’re searches are too tight, causing you to find nothing but over-optimized strats on those timeframes. Those timeframes are also very noisy and I’d always have a sl and tp. If you’re algo takes the wrong position its good to just tap out rather than hold through long drawdowns with no SL, you end up losing money in Swap if it holds for too long. Also if it has no TP you could have HUGE profits that end up retracing back to your entry price and never closes or closes in a loss. My experience so far, always have TPs and SLs. Losen your search parameters and then filter them in the collection to what you like to see in your strats. Keep your overall risk in mind when spreading it out through your assets, need to keep “Armageddon” moments in mind.

[Roman]

Good afternoon Petco,

Sorry for the delayed response. Have been super busy trying to get ready for 2020! But yes I have one of your strategies from the “Forex Trading Course: 12 Forex Robots every month”. Your EA magic number is 82478347 for EURUSD. It’s been on my account since September 2018. Has made 106 trades, and maintains a 1.5 profit factor with 44% win rate (depending on market cycle). I call it “the studmuffin” and have used this strategy as the building block for mine since 🙂

@Simon- I’ve spent a lot of time trying to determine “shelf life” this year because the point you made is very important. What I’ve found is that mine are lasting about 1 full year on H1 time frame. I was using 20% out of sample with a total of 14 years worth of data, and incubating for around 3-6 months before putting live to let the stats stabilize. This has given me between 6-9 months milking them live. Right now i’m experimenting with walk forward to see how long i can get out of them. Just started using it about 2 months ago so don’t really have enough data to make a recommendation.

What i will suggest is that you figure out a tap out point of your own. I’m pretty patient and willing to give a strategy time to work itself out or show me that it’s truly expired. I think Jacpin throws them out if they’ve lost their 70% win rate if i remember correct. From my research this means bigger stop loses than i’m personally not comfortable with. Only you can decide when its time to trash it. Another thing i’ve noticed over this past year, is that when you place the algo on demo/live plays a huge part in it’s performance at that time. I created a strat towards the end of 2018 and put it live, it failed miserably. When i bought my new PC in March i found that strat and gave it another go, it’s now one of my top performers in EURUSD. It wasn’t in tune with the market not because of it’s parameters, but due to the time i placed it on the accounts.

Hope this helps! Happy Holidays Familia!!

[Roman]

@Mery- Thank you! Glad to be home with my fellow academy students! Have learned a lot in here as well over the past almost two years.

[Roman]

@Shara- Mistakes happen, I pretty much blew my account in August from not paying attention to it after raising my position size. We all make mistakes but its important to learn from them.

[Author]

Posts