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Hi Ilan
Thanks for the detailed response, much appreciated.
I love the concept of testing many EAs on demo and picking the best for the live account. However, a concern of mine is that what works during the test phase is outdated by the time you implement them on the real account. If I remember correctly, in the course you waited a week to get test results and rank the EAs. Do you recommend checking at more frequent intervals after that first test run? Say every 2 or 3 days or is that overthinking it and not worth the stress/effort?
I know I’ve only been testing for 3 days and I know loss is always part of trading but with 50 EAs running I thought the risk would be quite diversified and was a little surprised to see my results so far. The EAs are getting killed right: https://www.fxblue.com/users/btc50-66087799
They seem to perform better when trading with the trend so that might be worth adding to the strategy? The results are particularly bad after a bit of a reversal (22nd June 3pm BTC price hit a low and then bounced back) and without the SL/TP, the negative profits on open orders are getting relatively large now. As you say, they stay open until the indicators tell them to close, so it’ll be interesting to see how that plays out.
Love to hear your thoughts and as always really appreciate the feedback.
Sorry, one more thing! I noticed that actually some but not all of the EAs do in fact have SL and TP set. So I’m guessing you also ran the generator and reactor with the same basic strategy with TP and SL added and that some of those performed well enough to be included in the June update?
Thanks for your continued help and effort here.
Sorry the above should read: The EAs continued to open sell orders and with no SL the *negative* profits are relatively large now.
Hi Ilan
Thanks so much for the detailed response. That all makes sense.
I love the concept of testing multiple EAs on demo and transferring only the best to your real account. However, markets being what they are, I’m wondering if what is successful during the test phase is out of date by the time it’s implemented on the real account. If memory serves, in your course you waited 7 days before evaluating. Do you ever recommend using smaller intervals like 2-3 days or is that overdoing it?
I know I’ve only been testing for 3 days and loss is always a part of trading but with 50 EAs running I was a little surprised to see that they are getting killed right now (77% losers). Even without picking only the winners, I thought that 50 EAs trading with edge was enough to see a positive profit. They seem to perform better when trading with the trend. Maybe that could be included with the strategy? They also seem to perform the worst when there is a price reversal, as seen yesterday at around 2.30 pm when BTC hit a low and bounced back. The EAs continued to open sell orders and with no SL the profits are relatively large now. As you say they will close the orders when the indicators tell them to, so it’ll be interesting to see how that plays out. I guess my question is how bad can this get, could it blow the account if the price just keeps going up and up? I apologise for my lack of understanding of how the entry/exit conditions are influenced by the associated indicators and would love any insight on how to evaluate that myself by looking at the EA properties so, in the future, I won’t need to bother you with so many questions!
As always, would appreciate your thoughts.
