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@Ossaio-Hi there! I think I saw a post from Petko on the forum with a suggestion on lot size for trading with a bunch of EAs. Numbers are based on a 1000USD account (Forex only):
Number of EAs: 1-10
Trading Lot size: 0.1
Number of EAs: 10+
Trading lot size: 0.01
Now because I trade more than just forex, my lot size changes depending on the asset. Here is what I have in my live account, when I started at 1000USD 1:100 account leverage:
Forex EAs: 0.1 lot size
Cryptocurrency EAs: 1 standard lot size (Bitcoing and Ethereum) 10 lots for Ripple
Commodities EAs: 0.01 lot size
I’m going to keep my lot sizes like this until I see a need to change. Also, I’m a US trader and we have to abide by FIFO rules. I trade 2 EAs for ever asset on 2 timeframes. Each EA has to have a different lot size in order for me to stay in compliance with FIFO. So for Forex, one EA is trading at 0.1 and the other is trading at 0.11.
Hope this helps.
I am actually only trading on 3 cryptos: Bitcoin, Ethereum, and Ripple. I have 6 different forex pairs that I trade on. I think it is probably ok to not have them be the same number. But then I also diversify my portfolio by including the commodities and global indices to trade on.
@Ibrahimovic10-Hi there! I had duplicate orders generating when I first started because I had MT up and running on the VPS and my home computer. Since both had autotrading turned on the orders were duplicated. Is it possible that this is happening for you?
@Petko-OMG!!! After watching your video on the R-squared and running the generator on some more that I needed to create…wow! Just wow! The quality of the strategy went up significantly by having more count of trades, less stagnation, less drawdown, and reasonable increase in profit! Again, thank you and Miroslav for EA Studio. And thank you for taking the time to create these videos. I would have been so upset if I went on for months without adding the R-squared as part of my criteria in evaluating strategies.
@Rose-Hi there! Thanks so much. It’s nice to have a veteran EA Studio user on the forum. There has probably been a lot of changes since you first started using it. I sincerely think that I would not have been a profitable trader, if not for EA Studio. I haven’t been as profitable this month as before, but this is because I reorganized my trading portfolio assets and some of EAs are still in demo testing right now before I go live (even with using Petko’s trick about using the end date with the Data Horizon). But things are looking good and as long as I am in profit, I’m happy. 🙂
@Desita-Petko just answered and it is the same kind of desk he mentions. Since I don’t get to exercise a lot, it helps tremendously when standing while working. Definitely check some out. There is a special one called Altdesk that runs in the thousands, but it looks like the Ferrari of adjustable workstations. LOL. 🙂
@Petko-Yeah, it must have been me because running EA Studio today I saw it go through a lot more strategies than on Friday running the same asset with the same acceptance criteria.
@Desita-Yeah, I love those desks that can switch between sitting and standing. It’s supposed to be more ergonomic for your body as well.
@Petko-Will do. I am running it now and it is going pretty fast, so it could have been an issue on my end. 🙂
@Desita-Thanks! No, it’s just an adjustable work desk. Since I am still working a full-time job (software tester from home), I figured I would be more comfortable in working and also analyzing EAs. I would definitely recommend at least 2 monitors. 🙂 EA Studio is running faster, so it could have definitely been something on my side.
I have a question for everyone…how does having the home equipment affect your power utilities? I was wondering about the cost for electricity in powering this equipment. Just a way for me to compare the monthly costs with a VPS…
@Petko-Absolutely. I got that idea from you and it is really a time-saver. All the hard work I put into evaluating and creating EAs shouldn’t go to waste. 🙂
@George-Thanks for the compliments! I am a firm believer in the law of attraction. Put out positivity and it come back around to you. And yes, everybody needs to get on board with EA Studio! Yes, you have that right. When I reach 10, I just restart my count to look for 3 losses out of the next 10 trades. Even though, it seems like I am getting rid of potentially profitable EAs if they recover after losing 3 in 10 trades, I don’t trash the EAs. I just store them and use the validator each month to see if it has recovered. It probably seems like I am being really strict in my trading, but I honestly am a very conservative person. So, I don’t like to take too many risks in my trading. 🙂
@Desita-That’s a good idea. I will do that. I don’t want to miss out on trading the indexes. Oh, sometimes depending on the currency pair (and my Wi-Fi) 200k bars gets a little slower in generating strategies. But I know that if I stop using Wi-Fi all the time and directly connect to the internet box (which should be happening later this month once I get my desk all setup), this situation should resolve itself. 🙂
@dommech-To answer your question about how others use the stop loss, I actually generate all my strategies without a stop loss. After generation done and I filter my strategies to what I deem acceptable criteria, I then turn on the stop loss and take profit in the optimizer to see if better results are produced with the strategy. If better (like stagnation, drawdown, win %, etc.) then I keep it with the stop loss and take profit. If not, then I leave both with none like in the original strategy.
I’m sure others use this differently, but that it what seems to work for me right now.
@George- No problem. I like sharing my experience. I always restart the count after the 10 trade. So after 10 trades, I start looking at the EA to make sure that there are no more than 3 losses within these next 10 trades. If the first 4 trades are losses, I already know that this is an EA I need to take off. I know that sometimes the marker can mess with things and maybe the EA will perform better in the next set of 10 trades, but I don’t want to take that chance. I usually remove the EA and replace it. If I have to replace for that timeframe and trading pair later, I go back to this EA and use the Validator to see if it’s performance improved. If so, then I may use it again. If not, then I just tuck it back for later. After all the time and effort I put into creating EAs, I don’t want to just get rid of ones that were actually performing well and maybe are just in a bit of a downturn temporarily.
@Petko-Thanks for that. I’m definitely going to follow that advice. Now time to start researching and narrow down some choices.
@hamselv-My broker is Coinexx. I’m a US trader, so I’m kind of limited to my choice in brokers to trade with, but this broker has treated just fine and I have been with them since September 2018.
I personally have no idea about the CPU usage between MT4 and MT5. Honestly, if somebody can show me how to find how much my MT5 terminals are using on my VPS, that would be great as it would help when shopping around.
@Petko-Yeah, I remember you saying something like that before. I’m going to check out all of the vendors listed that people respond with so I can make that move from my broker. I’m gonna need for these other vendors to beat the 25USD that I am paying per month right now, though. 🙂