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Hi, Petko!
Thank you for your reply!
I will watch some videos about how to optimize EAs with MT4 so that I can start testing them in a few days.
Thank you for your help!
I wish you a great week! 🙂
No problem, I understand, Petko. Thank you for your reply!
I will add some notes to the questions and I will keep their original numbers:
1. I see what you mean about the EAs for the three trading sessions. I could create EAs once using the free trial of EA studio. The problem is that I won’t be able to update them. I don’t have the opportunity to buy a licence.
If you create EAs for the three trading sessions can I ask you to send them to me since I use the same time zone? I’m in Bulgaria and I use the JFD broker.
2. I understood, thank you!
3. My question is related to the EAs in the courses which you update each month or every few months (when it’s needed). In case I don’t have a licence for the EA studio, it will be ok just to use the EAs you provide, correct? I don’t need to do anything additional on them with the EA studio because you’ve taken care of this?
4. Thank you! This is exactly the way I will proceed.
5. Since this is the first time I will ever test EAs, I need to make sure I understand the technical side:
5.1 When I test any EAs I know that I shouldn’t switch to any other time frame, but to stay on the 15 min. charts, correct?
5.2 In case the laptop is running 8-10 hours a day is it ok just to check the statistics based on this time period and use the EAs that performed best in a separate demo account?
I know it’s not the best solution, but I have no choice for now.
5.3 In these 8-10 hours I will not shut down the laptop. Will MT4 continue working if I put it in a “Sleep Mode”?
I was also thinking to change the trading hours of the EAs I have purchased and make them work only in the London and the NY sessions, or just to create new EAs for these sessions, but then I realized that I can do it only once. The reason is the same – I won’t be able to use the EA studio after the trial period and optimize the created EAs.
Thank you very much!
Have a great weekend! 🙂
Hi, Petko!
I really liked your post “Sometimes students complain that only 7-8 EAs out of the 10 are profitable with them ?”! This will make me smile for a long time! 😀 🙂
Regards!
Hi, Andi!
Nice to meet you! I’m Ivelina. You’ve shared very nice results, well done!
Would you please share you EAs with us?
Regards from Bulgaria! 🙂
Hi, Petko! 🙂
Hello, fellow traders!
My name is Ivelina and I’m a new member in the forum. I have recently found your website and I purchased three of your courses:
1. Algorithmic trading course: London, New York & Tokyo system
2. Automated Forex trading + 99 Expert Advisors Every Month
3. Top 5 Gold trading strategies in 2020 + 10 Robots includedThe truth is that I was very interested in 4 more as well, I hope I’ll have the opportunity to get them in the near future.
I have a few questions:
1. I’m looking for good EAs for the three trading sessions and I was a bit confused that the course didn’t have them. I live in Varna, Bulgaria and the broker I’m using is JFD. May I ask you to send me the EAs for this course and also to send me their updates when you make any changes to them? I will really appreciate this.
2. If I follow your instructions to trade with the top performing EAs, to check their results every two days and replace them when needed, will this be enough to prevent periods of stagnation, or experiencing losses from several EAs at the same time? Are there other things I need to observe?
3. When I start using the EAs I don’t need to optimize them further, correct? I only need to test their performance on a demo and put them in a live account when I have confidence. Correct?
4. It was hard for me to decide which EAs would be the best choice for me. I’ll be using a live account of 450 euros and I will trade with 0.01 lot size. I would increase it very little when I see that the EAs make stable, consistent profits with the lowest risk/draw dawn possible. The aim is to make profits, but being calm, enjoy trading and securing the trading amount is a priority.
Based on your experience and the statistics on your EAs, according to the profitability, have I made the right choice or maybe I should have started with the EURUSD EAs or the GBPUSD EAs?
5. I found out that I need to have my laptop testing the EAs 24 h a day. It won’t be possible since I need to keep my laptop to last as long time as possible. I can’t buy another one.
– Is it ok to test the EAs for several hours a day only? The maximum I would do is 8-10 hours.
– Can the laptop be in a Sleep mode while the testing is running on the MT4?
– When I stop the testing should I disable the “Auto Trading” in MT4 and then enable it when the test starts again on the next day?
Thank you!