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Hi Rocco, the settings you need depends on the strategy and the portfolio. For example if have a single strategy and it has 5% drawdown on the backtest with 0.1 lot size then if your prop challenge has an allowable 10% drawdown you could trade 0.2 lots. Adding an additional factor of safety anywhere between 1.5-2.5 is sensible also depending on your risk appetite.
If you then combine this strategy with another one to create a portfolio and the portfolio has a drawdown on 2.5% then of course the lot size can be doubled for each EA.
This is how I do things anyway. Hope that makes sense.
It does depend on risk appetite though to some degree
Hi Rocco, the settings you need depends on the strategy and the portfolio. For example if have a single strategy and it has 5% drawdown on the backtest with 0.1 lot size then if your prop challenge has an allowable 10% drawdown you could trade 0.2 lots. Adding an additional factor of safety anywhere between 1.5-2.5 is sensible also depending on your risk appetite.
If you then combine this strategy with another one to create a portfolio and the portfolio has a drawdown on 2.5% then of course the lot size can be doubled for each EA.
This is how I do things anyway. Hope that makes sense.
It does depend on risk appetite though to some degree
This is the fxblue link for the live account: https://www.fxblue.com/users/nordic2fvknmfunded
This account is now participating in Darwinex Gold with 80k euros current allocation. It is also now open to investor capital. See upcoming content videos on Petkos YouTube channel for further information and also happy to discuss and answer questions on here :-)
I have only needed to make 1 portfolio change on this account in the 15 months that it has been trading
This account just passed the challenge btw, I used the same EAs for the entire challenge except from removing 1 around halfway through the challenge. Happy to answer any questions and discuss on here and also look out for future content videos on Petkos channel from me :-)
Hi Stephen, sorry for the late reply
I tend to leave my EAs running rather than rinse them as regularly as Petko so my process is a bit different. I will be making Youtube videos ongoingly btw so look out for those as they will be helpful.
And yes I tend to favour H1 timeframe and find its better for longer term profitability, but also do well with M15 and M30
Yes John, I have been able to make consistent profits with EA Studio over time.
With any generation software there will ALWAYS be a portion of poor quality strategies as that is just the nature of the beast, however there are certainly good strategies in there. That is where effective robustness testing and experience comes in.
EA studio is just like any tool. It is only a bad workman that blames his tools (I am not calling you a bad workman btw but the saying definitely applies).
There is a learning curve and like anything the more you practice and more experience you get trading with expert advisors the better your results will become.
Will EA studio allow a complete novice to click a few buttons and trade profitably, highly unlikely. But that is a totally unrealistic expectation so that in the first place to start with.
HOWEVER EA Studio my opinion is an absolutely excellent tool at what it does (And in my experience the absolute best generator out there for both beginners and more advanced users alike). Can I and do I code my own more advanced strategies yes, but most of my portfolios are created using EA studio.
EA Studio will however massively speed up entry into the market, save an absolute tonne of time and effort and once proficient will effectively allow experienced users to create robust portfolios in the most efficient and easy way that I know of.
Trading is just like any other skill. Practice and experience are required but the right tools will help that streamline that journey to competence and EA studio in my experience is my favourite and in my opinion the best.
