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Would love to have an FSB/EA Studio student summit Petko!
Sorry Ladies and Gents, took a little break for my eyes and sanity. Was working on a hopeful partnership that fell through while I was incubating a few strategies. Am back in R&D mode! Missed the forum!
Welcome Centcel!
I would look at ForexPeaceArmy.com to see if the broker you’re considering is blasted for scamming. I only use regulated brokers and do a lot of homework before I let a single penny leave my account to a broker. If the broker is registered by your region’s regulatory body it’s a good sign.
Ugh, I loooooove Iphones, but hate Apple computers for the reason you posted this. Hard to find supported applications. Try their live chat from the website?
To be transparent as i was in my “lessons from live post”. I’m just now finally working my way into positive account growth (almost 6 months into the year…) Luckily i’m not “losing” money anymore as i was before, my EA’s have gotten much better. With discretionary trading its hard to stay consistent when you work 9 hours a day, then have to entertain a spouse, so i was never making “real” money. FSB and EA Studio have given me the consistency I lacked by watching the markets for me 24/7. I have a few Studs that I’ve generated on GBPJPY with EA Studio, but I’m too heavy in that pair. What i’m trying to do is shift my attention from EA Studio (as much as i love the automated process the reactor provides) and shoot for the “smarter” EA’s that FSB can give with multi timeframe analysis. The possibilities are almost limitless if you can figure out what the heck your fundamentals on the EA will be….
Hola Andi,
When I started learning how to trade back in 2016 I gravitated to the higher timeframes. With my first mentor my focus became using Ichimoku and trading on the D1 since I could come home from work and place trades during Asia and them trigger during EU and US sessions. So with her I learned how to follow trends. As i learned price action I gravitated towards simple MA’s, Volatility and Support/Resistance zones on the higher time frames to guide my intraday trading. With our EA’s, using the 3 can be tough. Trend indicators can help filter us into the correct direction, support and resistance levels are hard to quantify, and then decide what timeframe you really want to rely on for those levels. Also What is going to be your SL and TP ranges as well?? But lately I’ve been moving towards trying to find ways to catch price action movements along with the overall trend on an intraday level. So to make a long story short, I’ve started to ignore support and resistance and concentrating on capturing the overall trend and volatility/price action. At the end of the day “Follow the Money”. With most Indicators being lagging we miss most of the action and then get chopped around during the market changing directions. I’m far from perfect in my approach but with the tools we have FSB is starting to give me a lot of hope towards my goal of full time trading lol. Sorry for the story book, have had a few glasses of whiskey already.
@Andi- I’ve been experimenting using the next two higher timeframes. So if Entry is on the M15 I use M30 and H1 trending following indicators. I think the magic is in locking indicators we understand and giving the builder 2 or 3 additional slots to filter the logic on the entry timeframe. I used to use RSI looking for it to be in extremes on the oversold or bought but trying catch reversals like that is tough. Hard to wait for the stars to align on multiple tf’s if that’s what you’re asking.
Just recently i turned my attention to indicators i use in my discretionary trading to tell the builder what direction i want it to go (since that’s when i’d be hawk eyeing the market for an entry), then letting it filter out the false signals on its own.
@Dan- FSB is the software we have at our disposal that can take account balance into consideration for position sizing. As for EA Studio i follow Petko’s advise. I’ve been trying to balance out my drawdowns so I used .01 till my account reached back to break even. Then since I only have 10 EA’s on the live account I simply went through them right clicking and editing the position size of each increasing them. Doesn’t take much time at all. Can be done in about 60 seconds or less. Hope that helps!
@Violet- I track as follows TimeFrame-Magic #- Date placed on Demo. So it would look like this: H1-03870864-Demo-02/05/19 and then this would go under the column assigned to the pair GBPJPY. This is actually a strategy I put live last month on GJ and is the top performing strategy I’ve generated to date. Using Excel like this also helps when I’ve changed my generator settings I highlight the first EA in the batch to track the performance, and note what settings I used on that date to refer back to if successful.
@Rob- Welcome!
Good afternoon Jie,
Very interesting post here. I’ve been struggling to figure out an effective way to track, and indeed Quarterly is what I’ve been using to develop the EA’s but didn’t think about pulling or adding them to and from the account accordingly. Looking at it now, I can see strategies that did horrendous last Q, but are studs during current. Am I assuming correct that you will start your rotation of EA’s every month, but tracking their previous 3 months? Or looking at the FXBlue breakdowns every Q and make the decision then? You say June 1st, but doesn’t Q3 start in July?
Thanks!
@Violet – He means use Excel a microsoft product that you can use to keep track of different data. I use it to keep track of when i generated EA’s for which currency, and when i put it on demo to see how active it is.
@Jacpin – I’m very happy to hear your results! You always give me hope LOL. Trying to get my stats to improve, so far the best strategy i have is one Petko released in one of his courses back in September last year :/. Very curious though, with such performance you’ve been getting what’s kind of tp and sl range are you using in the generators?
Hello Tina,
I try and keep my exposure to 2x on a forex pair. Meaning if I’m trading EURUSD i have exposure to EURO and USD, GBP USD would be a second pair where i have exposure to the USD, EUR GBP would make my second exposure to the EUR and the GBP. Hope that helps?
Petko excuse my french but that’s bad ass!! I had no idea you were into martial arts as well. And yes i completely understand. I had just pulled out of my drawdowns last week and was having my first fully profitable days live since the beginning of the year. Last week’s NFP completely shattered my gains and is continuing to demolish me today again. I’ll keep on trusting my EA’s as you’ve said.