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Oh, my. I didn’t even think about how my broker could affect my account. I am currently using the VPS that my broker is providing. I have 2 MT5 platforms running-demo with the 99 EAs and live with currently 3 EAs. I haven’t had any issues, but I will keep a better eye on the account to be sure.
@Andi-Hmmmm….I was thinking that the small historical history was because the broker was new. Now, I’m not so sure.
@Petko-Good point. I will be sure to start collecting live data as well.
@Haliffa-My understanding is that it is legit. I haven’t found anything to say otherwise. But then again that doesn’t make it right. I can understand how the different quotes could appear from different live servers due to data transfer delay, but I’m not entirely sure this is one of the reasons.
@Petko-You are so right. I did this very suggestion. I took one of the EAs you provided from the course, ran it through the Validator with my broker’s historical data. As long as it passes my initial criteria (like win %, equity drawdown %, # of entry indicators, etc.), I then check the journal to see if there were at least 10 trades within the last month and also whether the winning percentage was still acceptable for that month. I then put that EA on both demo and live just to keep things in sync. :)
You are so right! Testing is truly the key to success.
I do have a process of generating EAs once a month only because I have limited resources (time and computer) to run them daily. But it also coincides with my rule on demoing first.
I actually did use the Validator tool on the EAs that I get from Petko in my courses. If the EA passes the criteria that I deemed acceptable, then I go live with it. For instance, the EA from Petko was ran through the Validator that has already been uploaded with the current historical data (I do this once a month as well). AS long as there are at least 10 trades and my other criteria is fit, then these are the only EAs that I go directly into live trading. I still put them on my demo account as well, just to keep things in sync with how I handle my automated trading.
@Andi-Thanks for responding. Yeah, I forgot to mention that I do wait for 10 trades as well. So my rule is demo for at least one month and have a minimum of 10 trades. Since I am doing this trading on the side and just starting algorithmic, I am being very conservative in using H1 and M15 charts. Once I am more comfortable, I am going to be using M5 and M30 charts to increase the volume of trades.