[John]

Hey, good luck with the challenge. I’ve thought about doing this as well. I know as long as you have positive P/L and did not break any rules, your challenge will be extended so I guess don’t worry too much about time. I would start with trying out one of their 2 week demos and seeing if the strategies generated with MetaTrader-Demo data source is sufficient. They give you stats at the end of the demo so it’s a good way to see if your EAs break any rules and I believe you can keep requesting demo accounts so you can keep trying until you feel comfortable.

[John]

Hey Petko,

Thanks so much for the reply. I’ll make sure to pick up some more currency pairs and try to balance my exposure a bit.

Regards,

John

[John]

Hi Petko,

Sorry for the late reply, I have been really busy. Eventually I want to trade more currencies but I wanted to start generating a lot of strategies for one pair first. I chose USDCHF because I’ve manually traded it in the past and I’m a little more familiar with the pair.

Between my demo and live account, the results are close but not exact. It might be different because I have the demo account on a separate VPS which I’ve had about a month longer than my live account.

The way I have my accounts set up is I have a few identical portfolio EAs on both accounts. The EAs on the live account have all the exit and entry signals commented out except for the top 5 performing ones. I keep track of the accounts using FX Blue and when a strategy goes below 1.5 profit factor with at least 5 trades, I usually disable it on the live account and enable another one based on what is doing well on my demo account.

I’d be really grateful for any tips that can help me improve my routine. Also, what other currencies would you recommend to start trading with? I’ve had luck with EURUSD before the pandemic but sometime around March, all my EURUSD EAs quickly became unprofitable and I haven’t really tried trading that pair since then.

Thank you,

John

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