Forum Replies Created
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Hi Raymond,
No, you definitely don’t have to follow the 0.1 lot entry rule. When you place the EA onto the chart, and go to the Inputs tab, you can change the entry lot size to one that is more suitable for you.
In terms of how much money you need in the account, this would depend on your trade sizes. I would just suggest to start small, and employ good money management. In terms of leverage, my personal preference, and what I trade is 1:100, although this is not a recommendation. Again, I would recommend you practice different leverage on demo accounts until you find one you are happy with.
Thanks,
Ilan
Hi Raymond,
Good to hear from you.
I’m surprised to hear that you had issues with the password and syncing. I have set up about 100 FX Blue accounts and have never had that issue. I also teach this in all my courses, and have never had any student comment that they had difficulty. Thank you for bringing this to my attention. I will certainly mention it in my future courses.
And the point you make about turning off your PC is valid, and again, I will mention it in future courses. For your own info, the EAs that have opened trades, will remain open until the TP or SL is reached, even if your PC is off. However, if your PC is on, it can close trades when TP or SL is reached, but also if the exit conditions are met, as per the rules of the EA. But yes, it won’t open trades, because the EA resides on your PC, not on the broker’s server, so in a case like yours, where you turn your PC off, I agree a VPS would be best.
Thanks again for bringing this to my attention. I always appreciate intelligent, solid advice.
All the best,
Ilan
Hey Riuzk,
It’s difficult to recommend a broker, and we avoid recommending brokers because there are a number of factors to take into account. For example, the spreads that brokers offer, are not always the same in every country or location. The same with leverage. In some countries the leverage offered is higher than others, due to the regulations there. Have you had a look at the Brokers page yet? You may find some useful information there.
https://eatradingacademy.com/trusted-forex-brokers/
Thanks,
Ilan
Hey Treleonbey
Iohan is correct. You could add TP and SL to the EA once it’s on the chart, but you won’t know if the values are the best they could be. You could, if you want to, add the TP and SL, and run a backtest on the EA within MT4.
Ilan
Hey Iohan,
No system error :-)
The Academy recently passed the 30 000 students milestone, and as a thank you to you and the rest of our students, Petko slashed the prices of all the courses.
Thank you for your ongoing support.
Ilan, and the team at the Academy.
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