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Hi Sebastian,
We use the free Historical Data app, or Premium Data (DukasCopy) or Metatrader (JFD) data, as you correctly say. This is because they offer us the most amount of bars in the historical data. But this doesn’t mean that these are necessarily the best brokers to trade with. That is why, in EA Studio setting, there is the Symbol Settings option. This is where we can customise the asset according to the specifications of our chosen broker. In this way, we have a huge amount of historical data available to us, and we can cutomise it to be suitable for any broker of our choice.
Thanks,
Ilan
Hey Travis,
10 – 15% is great! My advice is to just apply money management, and if your growth continues, your profits will grow.
If you’re comfortable to do it, you can share with the forum which broker you are using, and which EAs?
Thanks,
Ilan
Hey Travis,
Good to hear from you, and thank you for the kind words. We’re all really happy to hear how much you’re benefiting.
Keep it up!
Ilan
Hey Nitin,
Welcome to the forum, and congrats on starting your Forex Algo journey.
Speaking for myself, to answer your questions:
- I did many of the courses. In each course I learned something new. Many of the concepts are similar across all Forex Algo courses but there is always something new to learn. But it’s up to you – just the robots with each course are well worth the small investment of each course.
- I create my own, but at the beginning I used both the provided EAs as well as my own.
- There is no real minimum amount to invest. It really depends how much you can afford to invest. You can trade smaller lot sizes if you have less capital. And it’s difficult to know how much profit you’d need to cover any losses, because we don’t know how the EAs will perform in the future, only how the strategies performed in the period of historical data we use to create them.
- I’ve created EAs for some stocks and indices, but the results weren’t great. Actually, on Petko and my list for this year to to continue testing and trying to find good automatic strategies for stocks and indices.
The best advice I can offer is to practice, practice and practice some more on demo accounts until you are confident to start trading live. And start small. Don’t risk too much. And of course, test a few brokers using the same EAs to check if the results are similar, or if some give better results than others.
Good luck, and if you have any additional questions, please feel free to post them here in our forum.
All the best,
Ilan
Hi Omosisko,
You can have a look at pricing for all plans using the link below:
Thanks,
Ilan
Hi tremosor,
You can find guides from the developer on Youtube, as well as their website.
Petko has indicated that he will be developing a course for FSB Pro, but there is no confirmed timeline just yet, as he is currently updating all of his existing courses, as well as recording new crypto trading courses.
Cheers,
Ilan
Hi Asser,
If I understand your data above:
On D1, over the 4065 bars, or days, there is a TOTAL of 284 trades, which, as CuriousGeo says, is an average of 1 trade every 14 days.
Have you looked in the Journal, in Report to see the trades that were opened and closed in this period?
Ilan
Hi Tremosor,
You’d need to use Forex Strategy Builder Pro, the other, more advanced strategy building software from Forex Software, the guys who developed EA Studio. Or, get a developer to code it, or code it yourself if you’re able to.
Ilan
No problem. Living in South Africa, we often have rolling blackouts for months at a time, for up to 6 hours a day. I doubt this is an issue in Australia, but if you do find yourself in a situation where your internet goes down regularly, you could look at setting up a VPS, either with your broker, or a 3rd party VPS provider. Personally, I run my live platforms on my laptop, attached to a UPS, so when we have power failures, and I’m not home to turn on the generator, at least I have a few hours of battery life
Hey Scott,
Yes, there is. When you attach your EA to your chart, go to the middle tab: Common. You’ll see a drop down menu in the ‘Common’ box. where you can select if you want the EA to open only long, only short, or long and short positions.
Cheers,
Ilan
Hi Asser,
1. You are quite correct. Once the historical data has been loaded into EA Studio, everything else happens locally on your PC. No internet connection is required.
2. On MT4, once an EA opens a trade, based on the real-time price, the TP and SL are ‘saved’ with the broker, so if your internet connection goes down, or you have a power failure, the trade will stay open until the SL or TP are reached, however the indicator rules will not apply, and of course, no other trades will open or close. Remember, the EAs reside on your PC, not your broker’s server.
Hope this clears things up.
Ilan
Hey Nitox,
As a beginner, it certainly can seem overwhelming when starting out, but I assure you, if you just follow the steps we teach, you’ll be comfortable in no time. Just keep practicing on a demo account until you’re confident.
We have just launched a new course, which is aimed specifically at new traders with no experience.
As for your question about the ‘algorithms’, we update our EAs regularly, and as such, the latest EAs are always those that are performing best in current market conditions. It doesn’t mean you cannot continue to keep the older ones on a demo account and monitor their performance, but we update to ensure the currently best are available to our students – we do the work for you. But of course, you need to test them yourself, to ensure they work well with your broker. You will find the EAs attached a s a ZIP file to one of the lectures – the place is different on each course, based on the course structure.
And yes, it is possible to make money with a small account, but of course, it will be relative. The chances of you doubling your account monthly is unlikely. Not all strategies or EAs will be profitable all the time. That is why we test and trade with many, so when some become unprofitable, others that are profitable will compensate. My advice is, don’t rush it. Practice on a demo account for as long as you can, before risking your money.
Good luck, and if you have nay other questions, don’t hesitate to ask us.
All the best,
Ilan
