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@Thapelo-Hey there! Yup, I have a Bitcoin that has been doing very well for the last 2-3 weeks. Always nice when the cryptos go into a frenzy!
@dkoh-Hi there! I am running both a live and demo account on VPS Windows Server 2016 through Contabo. There were times when the account would stop account sync on FX Blue and so I just switched to FX Blue publisher EA for my demo accounts and just leave it on account sync for my live account. That was the only way I got around it. But account sync works every now and then for the demo accounts.
@Violet-Having the SL closer to the TP is what I mean by tighter performance. I like the SL being close to the TP because with a 70% winning performance, my EA will only take 1 or 2 trades to make up the loss instead of 4 or 5. And yes, always be on the lookout for longer successful performance. My two EAs that have been the most successful and longest running performance are for GBPUSD and gold. :) Hope this helps.
@Roman-Hey there! I’m glad my experience is helping you out. I wanted to make sure I share both my ups and downs, so that other traders know that they are not alone in what they experience. I keep the TP and SL range for the generator as follows: Forex (SL 10-100 pips Fixed or Trailing and TP 10-100-both are set to Always use) Commodities (SL 1-10 pips Fixed or Trailing and TP 1-10 pips-both are set to Always use). Hope this helps.
*The only thing I am struggling with is to have a range of SL and TP for the cryptocurrencies. I want to be able to keep it to Always use, but I’m having trouble finding the range. @Petko-Could you please help me with this? Maybe you can provide some guidance on what range could work for Bitcoin, Ethereum, and Ripple? I did notice that range may differ amongst these three as they all move differently in the relative amount of pips.
@Violet-I only started live trading in October 2018, so I am just 6 months in. However, I can say that my current EAs are lasting about 3-4 months staying in profit for right now. But I am constantly running EA Studio as with updates and Petko’s videos, I am generating better EAs all the time that are lasting longer and with tighter performance, meaning the SL is closer to the TP.
@Violet-Yes, I keep the EA if it makes 7 out of 10 trades. I follow the performance using FX Blue Live and it has helped tremendously. I usually do a check twice a day on the performance of the robots-once in the morning and once in the evening.
Yes, you’re right. It would be a losing EA with a higher SL than TP. Those EAs that I have that are like that are trading at over 90% accuracy. So, I am usually a good 15-20 wins in before a SL occurs. But as soon as it does look like it is just wiping profits, then it is time to take them off.
@Violet-Hi there! Here is the updated Acceptance Criteria that I use based on Petko’s latest video:
Complete Backtest:
Min. profit factor-1.1
Minimum r-squared-70In Sample (training) part:
Minimum r-squared-50
Out of Sample (trading) part:
Minimum r-squared-50
After the strategies are generated, I then filter their performance based on the win/loss, # of trades, etc.
I hope this helps. Happy trading!
@Thapelo-I haven’t used it from a phone or tablet, as I have only accessed from my laptop and/or desktop. I access mine via the Remote Desktop Connection in Windows. The VPS company provides the login information to make it easier and then I just go in and do what I need to do. The only time I ever go in there is to make changes: adding and/or removing EAs. Other than that, I use FX Blue Live to monitor the trades taking place and I do this 2-3 times a day: once in the morning usually before 10am Eastern, once in the afternoon around 2:30pm Eastern, and then once in the evening usually around 9:30pm Eastern. I try to catch the results of the trading sessions to see how things went.
@Thapelo-I only have a license for EA Studio, so I generated it through the Reactor. I used all of the settings that were recommended by Petko. I have a couple of EAs like this as well. I think it is because I deal with a very high percentage for winning performance-70%. A lot of the EAs that I have been generating and are either in demo or live are at 80% winning and it is all because of the recent updates to the software. :) It may have to do also do with the asset because this particular one is gold.
@Andi-Yeah, I’m working on getting strategies with higher trade counts. Even though my minimum count is 50, I mostly stay with strategies that have more than 100 trades in 1 year. Trying to get to that 300 count range, but it is hard when I am strict with only 70% winning performance strategies.
@Haliffa-If it hits with 2-3 consecutive losses, then most likely the EA is starting to be less profitable and I will remove it if it loses more than 3 times. Since I have other EAs that can mitigate the loss, I’m not too worried about it. Also, I am trading at 0.1 lots and I make sure I keep my money management strict. I know it can be scary, but that is why I am diligent in monitoring EA performance. :)
In EA Studio, it has only had 1 consecutive loss and this has remained true during live trading as well. *Which is why I love this EA!
@Thapelo-I am currently using a VPS with Contabo. It is a virtual computer (I use Windows) and you install MT and then place your EAs set to autotrade. The only difference I see in using it is that I am not leaving my computer on all the time. I tend to like to shut things down for the day, so I don’t need to stop my EAs from trading just because my computer is off. I have my VPS take care of that for me. It’s a minor cost to me (12 USD per month), but it’s worth it for me.
I know others here use their own computers to run their trades, so it’s basically your personal preference.
You can find the videos on Petko’s YouTube channel-EA Forex Academy. It’s a great channel to subscribe to and get more information on ways to use the software and create strategies.
@Bob-Yeah, I know what you mean about not having enough data. I really want to trade Natural Gas, but I guess there is not enough data for EA Studio to generate strategies, if any.
@Roman-I usually leave the reactor with ‘May Use’ on the Take Profit and Stop Loss. But my data only goes back to April 2018 for any of the global indicies, commodities, and cryptocurrencies, so I am looking for a bare minimum count of 50 trades and higher as well as 70% winning performance. Now, this may generate shorter term winning strategies. However, I feel that as time goes by the strategies will get better and have a longer time frame of winning.
I can understand about the price reversals. The best thing I have seen to combat that and not have a stop loss is to not close on Friday, have a smaller TP, and stagnation be under 10%. This way the amount of winning trades will combat any big loss from a price reversal. This actually just happened to me yesterday. I have a gold EA that is just at 90% winning performance and TP of about $7.00 per trade trading 0.1 lots. Since this EA was coded to close on Friday, it closed with a loss of $80. Out of 99 live trades, the win/loss performance is 88/11. And this was the largest loss in the 3 months it’s been trading. I’m more than confident that this EA will bounce back from the loss. Also, I noticed that these losses have occurred on that Friday close, meaning that if I left it opened, it may recover and be a win. But I’ll leave it the way it has been working as I have other gold EAs that can combat this loss as well. :) Hope this information helps.