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Hola Andi,
I’ve been trading using a smaller live account to really get a grasp on how to track the demo EA’s (and practice doing this consistently every day) then make sure the live account continues to grow. What I ended up doing twice is putting my full demo size on my live account dragging myself into a 50% drawdown the first time. And the second time I had come home from a long day of driving (I’m a territory sales rep) and placed an EA live without adjusting the position size. Erasing all my previous gains of about 32% bringing be back down to break even. This was about a month ago so I’ve just recently recovered it due to having more EA’s on the live account now than I did at that time.
Silly mistakes, but cost a lot of time and aggravation. So had to remind myself to slowdown again.
Good evening Petko,
That would be amazing! I love EA Studio but yes to manually transfer the strategies over is a little tedious.
I’m still struggling to properly optimize strategies in FSB… I’ve managed to generate a few decent strategies but when the indicators get complicated like macd histogram and bears power, how to optimize but not over opt is a little frustrating.
In thinking about it, my account would be up around 60% since the beginning of 2019 if not for my last error. Was about to hit the 30% mark before coming home from a 12 hour day and putting a strategy full blast on the account. It’s still a profitable strat, but now it’s at about 3% account risk instead of the “Full Nelly” that took out my previous profits. I’m enjoying algo trading much more than i did as a discretionary trader. I still stalk the markets on the daily like i’m used to, but enjoying my trades getting triggered while chasing people around for my day job lol
Hi Laila,
I began as a manual trader as well, but as Popov once said in a post on the main forum for FSB “This is a different way to trade”. When I first started using the software I rushed into throwing EA’s live without really testing them on demo first. Now i know what to look for in order to do that, but when i started i blew an account just as fast as i funded it. OOS is something I pay Very close attention to, and I keep a little bit of data in my back pocket to truly verify the OOS in EA Studio. I’m currently working on learning FSB so you’ll see me asking a lot of questions in the FSB thread as well. To make that profit I’ve also had to endure two major drawdowns with my errors (i started a thread on this). I rushed strategies onto the live account at full demo size and a single loss on two occasions (the last one was a legit accident due to me being half asleep) put me in a 50% dd the first time, and the second was about 3 weeks ago and it took out all my previous gains and then some. Luckily last week was a REALLY good trading week and i made it all back with some EA’s i had put live on GJ and EU.
@Andi – Yea I mean It’s a good thing that our brokers are so highly regulated here in the states with all the shenanigans that have happened with brokers in the past. But that as everything is a double edged sward. Cant have more than 1-50 leverage, no hedging, FIFO… on the flip side accounts up to $250k are safe. I’ve only really used and trusted two brokers outside the states, FXChoice is my current due to how many instruments they have available, and Tradersway was another that I’ve used with no real issues. The fee’s to load my FXChoice account made me mad at first, but i like the range of markets they offer. So had to “build a bridge and get over it” as we say here in the states LOL
@Andi – Thats a great idea! That’s actually on my list of things to try LOL. I’ve only been able to use EA Studio for so long now that FSB like learning an entirely different language. Even optimizations and robustness testing feels so different to me. Any pointers are appreciated as always!
@Andi – That’s an interesting approach to stack the indicators for more accuracy. After you mentioned it that’s what i figured you meant. But yes as a discretionary trader multiple timeframe analysis is a must. So i make sure in both manual trading and now that i can use FSB to make sure i have the story from the higher tf’s taken into account. Even while monitoring my EA Studio strategies, I’m always tracking the market on the daily. This was my first timeframe due to my work schedule and very first mentor. Was easier for me to set trades during the Asia Sessions and while I slept my limit orders were grabbed and ran in their respective sessions. It would be nice if FSB could set limit orders, maybe that’s something Popov is looking into in the future.
@Ossaio – I’ve never experimented with the signal repeat, but as I’ve come to learn we all have different tastes in strategies and their development. Let me know how that goes in your testing. Very curious!
Hi Laila,
I use only 2 acceptance criteria at the moment in “training” and OOS. My reactor settings are pretty strict though, i like to see a very strong Monte Carlo. This test for me is the most important. But again this is my personal style. You’ll find what you like to see with time. It’s taken me 4 months of live trading to gain 30% in my account. September of last year is when i finally got serious about developing my strategies the way i’m comfortable. If you see Jac’s criteria he likes to see 70% win ratio, this for me means large stops with tight TP in my experience so far. Not something I’m comfortable with. I’d rather see at least 1-1 ratio between SL and TP, and as long as the win rate is above 40% I’m happy. Give it time, and patience. You’ll want to throw your computer from time to time when you get back to the generators and see nothing in the collection. If I knew what i know now in December 2017, I would have focused on learning my reactor style sooner.
Andi,
You’re the man! I actually use entry on H1 approach with H4 and D1 as my filters to follow big picture. Experimenting with M15 entries, using M30 and H1 filters for more active EA’s.
Never thought of using smaller timeframes to filter my H1’s. Going to write that down and play with that idea. I always figured the “intrabar scan” feature did that for us. But if you brought it up then it’s definitely worth looking into.
Good morning Donald,
No sir, I’m in the US so finding a trustworthy broker outside of the states is a little tricky. If i had a larger account and 1 really good EA for each currency pair I’d be using one of the two main ones here. But i stick to regulated brokers in their respective countries. I know my money is safer here up to $250k but our brokers dont allow hedging which we obviously need to run multiple EA’s on different time frames. Currently I’m using FXChoice, and as Petko would say i’m not affiliated with them in any way. But since they are not in the US, funding the account is a little bit of a pain. Get hit with 14% transfer fee to the 3rd party, then hit again with 2% fee to deposit what’s left of my initial funds into my account. Haven’t tried pulling money out yet since i’m still growing the account so stay tuned for that experience LOL.
Good morning Andi,
I played Trombone :).
I just had a few nice trades close on the GBPJPY this morning. Entry on the H1 in accordance to the D1 and H4 momentum confirmations. Was just curious on your results with that many indicators since everybody in the trading industry preaches “keep it simple”.
Hola Andi,
Wow when you say 20 logic it reminds me of being in band again in high school. A lot of moving parts to coordinate to create a beautiful sound. Kind of intimidating at the same time.
@Petko – For the FSB optimizer, if I’m trying to optimize TP/SL i know the min and max are in points so 100 = 10pips. Is the step the same as in i need to set it at 100 in order to equal 10 pips as well?
@Andi – I saw you’ve purchased 3 FSB licenses from your posts in the forum. I’ve grown quite fond of EA Studio for the entire process being automated. Would you mind sharing some FSB pointers? I’ve had both softwares since December of 2017 but my old laptop could only handle 1 window at a time of EA Studio so never really touched FSB till now.Gracias Fellas!
Yes for some reason it made sense for me to select it thinking “yes i’d like you to figure out same directional and opposite direction signals”, not quite understanding that it was actually meaning “i’m going to remove your requests and figure it out on my own”. Appreciate you as always Petko. And you as well Andi for trying to explain though it went over my head…