Forum Replies Created
-
Posts
-
@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!
@Haliffa-It would be so nice to get together in person and commune with my fellow traders.
I have to say that NY is one of the most expensive states to live in and then if your actually in New York City, it is really expensive. It’s because it is a huge city and there is not a lot of space to live which makes the properties expensive. Demand high, supply low equals expensive living.
Honestly, it is always more expensive in the big cities no matter where you go in the states. However, cost of living plays a big part in deference to your salary. For example, I used to live in California for over 12 years. I work from home as a QA Tester and Help Desk Support. My salary in California allowed me to live in a middle-income neighborhood (more on the low end of middle income). Now, I live in Delaware. I kept my same salary, but the cost of living in Delaware is way lower than California. So my California income, goes a long way in Delaware in where I want to live as I could probably afford to live in an even nicer area. Now..here’s another example..I live in Delaware for over 12 years and make Delaware income. I decide to move to California. Since California has a higher cost of living compared to Delaware, my Delaware income is not going to afford me much when I move to California. So instead of a house, I may be downgrading to an apartment, etc. This happens all the time like moving from Miami, FL to Raleigh, NC or San Francisco, CA to Cheyenne, WY and vice-versa. I would highly suggest doing some research on cost of housing comparable to the job just to see how far your money can take you. After that, everything else falls in line.
I will also say to watch out for the different weather systems depending on where you live. The East Coast is notorious for major snowstorms, blizzards, thunderstorms, and hurricanes. NY gets hit the most when it comes to snow because of how far north it is. FL doesn’t get mush snow, but that’s where most of the hurricanes hit. The South and MidWest are big areas for hurricanes, tornados, heat waves, and thunderstorms. The West Coast has to deal with earthquakes because of the fault lines, heat waves, and potential volcano eruptions (there is one in Washington state and there is one in C-Mt. St. Helens, and one in Calfornia Mt. Shasta). The North mostly has to deal with tornados and major snowstorms/blizzards. I guess pick what you can deal with and then go from there. 🙂 Hope this helps.
@Haliffa-Hi there! Yeah, things are a lot better. Life is good but hectic. And we are coming up on another presidential election year, so it is becoming a volatile political atmosphere. Where are you thinking of moving to? I have lived on both the East and West coast, which require way different incomes to live on depending on where you end up. 🙂 If you can, send me a pm and we chat more.
@Andi-Honestly, I just copied it from the criteria that Petko had on his videos and since it has been working for me as well, I just kept it. 🙂
@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.
@Andi-Hey there! Yeah, I know it’s been awhile. I’ve some personal things going on (nothing to do with trading) that took up a lot of my time. But all is getting better.
Nope, I still use the same win/loss rule. I think I deviated from it once before and it threw everything off for me, so I just stuck with it. It makes things so much more simpler for me. I’m glad that is working for you as well. My motto is work smarter and not harder. 🙂
The only thing that I have been updated is my Acceptance criteria when generating EAs:
Complete Backtest:
Min. profit factor-1.1
Minimum r-squared-70
In Sample (training) part:
Minimum r-squared-50
Out of Sample (trading) part:
Minimum r-squared-50
This has been doing very well for me.
@Deniza-Hi there! My May is going okay. Forex is doing good. My gold and silver started off great, but also kind of fell after the 15th. UK oil has dropped in the beginning and is picking back up. US oil has been consistent for me. I’ll see how the last week goes, if I’ll hit my target profit for the month.
@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.