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Hey Alessandro,
Glad to hear from you and welcome to the Forum. I have a plan of recording videos on how to pass the FTMO challenge with the EAs, but not sure when I will find the time for it.
Anyway, there is a detailed topic about it already:
Hey Stefanos,
Glad to hear that you already have some good results. Just take it easy and increase the number of the EAs slowly, so it will be manageable.
According to my experience Profit Factor of 10,15,20 is not just amazing, but super amazing :)
When you trade longer you will see that the average is lower but as long as you are with a Profit Factor above 1, than it means you have more profits than losses :)
First of all, I am glad you made the effort to backtest and compare the results because many skip that important part.
Second, I would need some more info so I can probably guess from where comes the difference:
1. Could you, please, attach a screenshot from the Backtest Overview on MetaTrader so I can see how you set it up
2. Make sure to check how many digits your broker offers after the decimal comma.
I see in the Marketwatch that your broker has no digits? Only round numbers in dollars. It is supposed to be at least with 1 or 2 digits (cents in this case) Honestly it is the first time I see a broker offering such prices.
3. Why do you compare 93 trades on EA Studio with 324 on MetaTrader. Make sure to select the same period for the backtest.
Hey Steve,
Glad I was useful. Make sure to share the results, it will be interesting for me to see how it would work.
Cheers,
Hey Stefanos,
Welcome to the Forum! I am not sure if the broker will be able to list itself. I think the website chooses the brokers. Anyway, try with myfxbook. And if your broker is not listed, make sure it is big and regulated.
And the other thing you can do is to place the EAs on a separate Demo account with some of the brokers that are listed. Check out our Brokers Page for a referance.
Hey Chen,
Glad to hear from you and welcome to the Forum. I see you figured it out by yourself in the right way.
It depends on the digits after the decimal comma. Yes, for the Premium data you are right, but make sure to compare it with your broker if it has the same number of digits.
I am not sure if I get your second question. What exactly do you wish to compare? Feel free to attach screenshots.
Kind regards,
Hey Steve,
I got you now! And I have a super easy solution for you :)
Recently I traded more EAs like yours – smaller TP and bigger SL. I am getting more confident that this is the better choice.
The solution is to place the EA on a second chart(change the Magic Number).
When it is on a separate chart, it will execute every new signal that comes up. And the first trade, on the first chart, will manage the first opened trade.
But you will have to put a rule for yourself. For example, if the trade is stuck for over 3 days, place the EA on a separate chart.
The monthly EAs for September were updated. Please, go ahead and test on a Demo account all new EAs attached.
If you have questions, let me know
Hey mate,
Glad to hear from you.
Please, give me more details on what exactly you have done so we can have a look at the issue in detail.
Hey Steve,
Glad to hear from you. Feel free to drop any questions.
When you disable the AutoTrading or close the platform, you leave the opened trades to the SL and the TP. The exit conditions won’t apply.
If you do not want to trade on Fridays, the best option is to set it in EA Studio settings to generate and export EAs that are set not to trade on Friday.
This way, you will see if such a backtest is better or worse and if it makes sense to disable the EAs at all on Friday.
Let me know if that makes it clearer.
Hey Steve,
Yes, that option is available on FSB Pro. There you can add to the position. The risk is that you are increasing your position.
Also, if you use SL and TP it will change to the most recent entry.
I use some of those EAs on my live accounts but adding no more than 5-6 times.
Hey Steve,
Glad to hear from you again. What you said is logical, and I would be interested to hear more from your testing.
I will be happy if everyone using EA Studio or my EAs from the courses, join the Forum and test different things. This way, we would be like a team working together to maximize profits.
Do you actually wait for 100 trades on the Demo account? For me, that is quite a long time, especially if you are above the M15 time frame.
Hey traders,
I succeeded in recording some more examples of trading the Simple Bitcoin Strategy on my phone.
I showed how to apply the strategy on an Exchange via the app. I know most traders nowadays use their phones, and this strategy works just great that way.
Have a look at the last section.
Trade safe!
Petko A
Hey Boback,
You can set the lot for the Portfolio EA. It can’t trade with different lots for the different strategies inside.