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@dommech-Hey there! This is a great topic of discussion. I currently am using my brokers’ VPS right now. I have tried Metatraders’ VPS in the beginning, but they only let you use a maximum of 16 EAs for 10USD/month on one terminal. So that’s why I didn’t use them anymore. My broker charges 25USD/month and I am successfully running 4 MT5 terminals (3 are live accounts with 9 EAs each on them and 1 demo account with about 36 EAs currently running).
I am interested in looking into an outside vendor, so I am curious about other people’s experience. I’m probably going to have a maximum of 10 MT5 terminals running with about 50 EAs on each one. I’m not sure if I should get a dedicated server or continue with a VPS. I keep seeing ads coming up on Facebook for a company called Forex VPS, but that could also be because of my google searches lately.
@Desita-That’s a nice mix of a portfolio. I am hoping to start trading the indexes later this year. My broker requires minimum 1 standard lot and even though I love EA Studio, that’s above my risk/money management criteria right now.
I’m not sure what the R-squared means, but I know Petko says that he is making videos to explain some of the changes.
I agree. I’m not sure how the 500k is going to help as I am having a hard time with 200k not slowing down EA Studio with generating strategies. But am looking forward to seeing the difference.
All the best luck to you in 2019 for your trading.
@George-Hi there! I’m glad that others are engaging more in the forum as well. For my 70% winning performance criteria in the live account, I follow every closed trade and confirm that there are no more than 3 losses within 10 trades. For instance, I recently took off an EA that was making money for me before, but towards the end of December it had 3 losses in a row and then 1 more loss a couple of days later. It was only about 6 completed trades, so therefore this EA went below my performance criteria and I took it off.
I find that if I wait for 10 closed trades, I may have more than 3-4 losses and I don’t want to lose more money that need be. So I check the performance of all my EAs using FX Blue Live twice a day. When I put an EA on the live account, I use Petko’s awesome trick to avoid (or do minimal) demo testing. It has saved me a ton of time. So I take into consideration the count of trades that EA Studio found, the count of trades that MT’s strategy tester did, and then I start tracking performance (I take EA Studio’s count of trades even if there is a difference from the strategy tester number). *I still put every EA that I create and use on my demo account as a back-up to monitor performance.
@Chris-I did not know that. That is a lot of bars. For H1, I think going back 5 years hasn’t even hit 200k bars yet for me. So, 500k…. that is a lot of bars. I wonder if that is more for the lower timeframes like M1 and M5 where 200k bars will only let you go back a couple of months. 500k might be able to give a full year on M1 or M5…or at least close to it. I’m gonna check it out.
@Roman-That is awesome! I swear GBP has been making a ton of moves lately. 🙂 Love this portfolio mix. You keep up the great work as well. Like I said 2019 is going to be a great year!
@Andi-That is a great start to the new year! See…2019 is already looking good. And it can only go up from there. 🙂
@Petko-Thanks for this. I am using your work around solution. I picked the strategy that has the higher winning percentage and also lowest drawdown as the one that will have the different lot size. Since I have less than 10 EAs running on live account right now, my lot size is 0.1 for one and 0.11 for the other. Not that big of a difference, but enough of a difference that i worked around the FIFO rule. 🙂
@Haliffa-I’m a US trader as well, so if this is the only thing preventing them from trying out EA Studio, let them know about my work around and they will be good to go.
@Chingi-EA Studio went through about 2 updates from the time I have been using it in the last 4 months. Petko is probably going to be updating that course or making a note about the software changes between the time the course was created and now. Instead of ambiguous bars, I use Minimum Backtest Quality and leave it at the default of 98%. Here is the information from the Help tab on EA Studio about this criteria:
@Andi and Roman-Hmmm…I didn’t even think to run EA Studio overnight. I think I might try this for next time.
@Andi-Working smarter and not harder is the name of the game. 🙂
@ Chingi-Yes. I believe I have seen some other posts where people have 3-5 tabs up in Google Chrome with EA Studio running in all of them. I personally have ran EA Studio on Micrsoft Edge, Mozilla Firefox, and Google Chrome all at the same time. I was running them for 3 different assets and timeframes. I have had no issues.
@Roman-Ditto. Petko is an awesome resource.
@Andi-Yes, you’re right. I compared your brokers specs on WTI vs. mine and they’re very similar except for contract size. 1 lot is 1000 barrels. Maybe this is why I prefer Brent Oil vs. WTI right now. 😉
@Chingi-Welcome to the group! You’ll find that we are a happy-go-lucky bunch. 🙂
You’ll probably see a lot more of my posts on this forum more recently as I like to share my experience with EA Studio. Take a look at my post about 2019 being a great year and you will see my live account trading results. I’ve already made my initial trading investment and also my cost for purchasing EA Studio for 3 months. I just bought the 1 year license and I’m sure I’m going to make back that investment amount within the next 2 months or sooner. So, I’m looking at 10+ months of sweet, sweet profit for the rest of the year.
I only do automated trading. I look at no charts whatsoever. I have a VPS right now, so I load my EAs on my MT5 terminal and let them go. As long as the markets are open, my EAs are trading. I’ve been involved in trading for about 2 years. I started out with Nadex binary options and loss more than I won some. I tried different outlets to purchase strategies, signals, etc. Nothing worked for me. I was led to Petko’s class because I was interested in trading cryptocurrency. After taking this class, the EA Studio automated trader in me was born. I hate staring at charts. I hate manual trading. Did I mention that I hate staring at charts? Cause I really do. Without EA Studio, I might have given up on trading as a way to make money and possibly replace my full-time job.
I am very satisfied with EA Studio and I encourage anyone that wants to do trading to be sure to purchase this product. Yes, the strategies are real. Yes, I verified with the Strategy Tester that my strategies were about 99% matching ( the difference I found was like the time when a trade was opened and closed, but the end results were still the same). I have not seen any bugs with the performance of the EA generated (in either demo or live trading).
Trading is always going to be a risk. But you can make excellent money in trading. You just have to be smart with your risk and money management (yes, these are 2 different things). Make sure that whatever money you put up to trade with is also money that you’re willing to lose. Don’t be afraid to ask questions. There is never a stupid question. Listen to Petko’s advice, be open-minded and creative, think beyond the box, and become an Expert in creating strategies with EA Studio. 🙂
These are all just my opinions as the choice is up to you. But know that you have a community here that is in the same boat as you.
@Petko-You are absolutely right and I am seeing how that move right now. My live EA hasn’t done anything with it yet, but I have a couple of EAs in demo that is taking advantage. I’m eager to see how it plays out.
@Andi-Sorry about that. I wrote it wrong. 0.1 lot size moving 1 pip equals 100USD. I have an oil EA going on right now in demo and is trading 0.01 lot size and the asset has moved 0.7 pips in my favor, so it is giving me a profit of 7USD right now. So, if this was 0.1 lot size the profit would be 70USD or 1 standard lot would be 700USD. 🙂 I believe that this is because the commodities move in points vs pips. So FX Blue live converts the movement of points into pips for us.
I will stress caution only because I can’t get a lot of history to create robust strategies, so these are most likely used for the short-term.