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@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.
@Bob-Yes, I meant that I am trading 14 different assets in total. On live I only have 10 of the assets being traded because those are the EAs that passed my criteria. Here is a list of the assets that I am trading as these are my favorites:
XAUUSD, AUDUSD, EURUSD, USDCAD, USDJPY, UKOUSD, USOUSD, GBPUSD, USDCHF, AUDJPY, EURGBP, EURJPY, GBPJPY, XAGUSD
Once my account hits $10k, I will start to slowly introduce the cryptocurrencies and global indicies back in. Diversification is key for me. And I only created EAs off of 3 timeframes: M15, M30, and H1.
@Desita-Glad to be back. Yes, the update was the other day. Check out the new Full Data Optimization and the Walk Forward Optimization.
@Roman-This is very interesting. I think I will check out that book.
@Roman-Yup, I’m using the 30% and it has made such a great, huge difference in the strategies that I am generating for the better. I just copied what Petko had in his videos and went with that. Thank goodness for Petko.
@Haliffa-Hey there! Yeah, I have been having issues with getting into the forum, but all has been fixed now. So, I’m back at it again and I missed you guys as well. Did you check out the new update to EA Studio? I don’t know what they did, but the strategies that I am generating today look phenomenal compared to the ones I just generated yesterday. Maybe it’s the asset and timeframe I’m using, but I’m so excited to see how these EAs work out!
@Stephen-Yes, this is with trading at 0.1 lots. I always generate my strategies with trading at 0.1 lots. I will then just increase the lot size during live trading when I feel my account balance is high enough to handle the risk.
Hey everyone! Posting an update on things…My trading portfolio is currently setup with 14 different assets and a total of 18 EAs trading live right now and demo testing 66 EAs right now. 🙂
Hey everyone! Q1 was slow but profitable. Q2 is starting off even better. I did have a reset in February and March to redo my trading portfolio and also create better EAs with updated acceptance criteria. I spent all of April creating and demo testing EAs. Everything that passed my criteria went live yesterday and are doing well. Lessons learned made things better and Petko’s videos are helping me to generate better strategies. 🙂
Hey everyone! Just wanted to post an update of the Acceptance Criteria that I am using after having implemented the OOS from watching Petko’s videos:
Complete backtest-Minimum win/loss ratio-0.7In Sample (training) part-Minimum net profit-100 and Minimum r-squared-65
Out of Sample (trading) part-Same as In Sample
Doing well with this. 🙂