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Hey Tanya,
I would recommend using the premium data (or historical data tool – both are the same really) to generate your strategies using more bars and more trades.
Then once you have a collection of EAs that have say 300 trades over 5 years on this data. I would download the collection and run it through the validator with your IC data selected to check that it performs well over that data also. Obviously when running through the validator you would relax the number of trades made. So for example if you had min trades set to 300 over 5 years using premium data then if only have a years data with your broker you would reduce the number of trades to 300/5 = 60.
I’d recommend 20% OOS personally but only use OOS for the strategy generation and not when running them through the validator for your broker data. Likewise with your monte carlo. Validator on broker data should purely be just checking that the statistics are correct.
I’d do as Petko suggests. Each month you will be moving the robots that you had running on demo from the previous month.
Then you could put the new months robots that he has updated on a second demo account and when they have been demo trading for a month you can switch to moving the robots form that account.
Essentially have two demo accounts and alternate between the two each month for copying EAs from. Does that make sense?
You are only using 1 month results maximum to select your EAs so there is no need for running EAs for any longer on a demo account.
Hope that makes sense and sounds like a simple plan ;-)
Hi Tanya,
How do you know that the US30 EA trade entry condition should have been triggered?
Just because another EA opens trades on this market that doesnt mean that this EA should have?
I assume you mean that you have placed it to trade and nothing has happened yet and not that you arent getting trades on MT4 when backtesting it? What do the backtesting results show for this EA (especially regarding number of trades made per week roughly)? Also of course double check that the face is smiling in the top right corner of the chart.
Hey Tanya,
2 main issues is the amount of data is not enough, especially to generate 300 trades on h1.
also some OOS would be a good idea and also Monte Carlo for robustness.
what courses have you been through?
also what symbols are you planning to trade etc?
Did you resolve the issue of low generations first with a single EA browser as it seemed to be a window becoming inactive issue?
Your 6 core vps should be able to handle about 4-6 browsers comfortably depending on how many mt4 terminals you are also running but make sure to check your processor utilization also.
Hi Tia,
That all seems fine, 4 windows sounds about right for your vps. Although make sure you don’t push your vps too hard as multiple terminals as wel as 4 browsers could be a bit much on a 2 core vps.
Have you checked your processor utilization?
You didn’t minimize the chrome windows did you? You should make sure that you resize them and that all 4 are active on the screen.
As a quick test set then running on the vps, take note of the number of strategies generated and then log out of your vps (but make sure the windows are active). Then log back in after 15 minutes and make sure the strategies generated number has increased significantly (depends on settings but approx +10,000 say)
Then you will know that all is well. If that still doesn’t work then let me know.
It could also be that you are running too many browsers for your vps which can cause a drastic slowdown of Ea studio but if you confirm the results from the above test first it would be good
yeah but your balance drawdown recently was ~18 % which as you say would fail a prop challenge. Likely your equity drawdown was greater but would be good to know what it’s been throughout the life of your account.
for example if it hit 20% and you knew that then reducing your lots size by just over half would have kept you in the challenge right?
Of course it reduces the profit you will get so that needs to be balanced.
Seems like you are going pretty good though, I’d keep doing what you are doing and if you wan to try anything different then do so on a separate account.
Okay so by brand new system you mean you just go straight to live without any demo. Seems to be working well, would be definitely interesting to see how doing same thing for a few more months. If overall it works well again for three months then that would certainly give much confidence I’d say
Sounds like a good plan to start out Alan.
I’m sure you will adjust as you go of course.
I just meant with the correlation that you can open the EAs you have it EA studio (all for the same pair and timeframe) and make sure that they are not correlated using its tools but if you are not using it then that’s not an option.
Will be interesting to see how you go. Keep us posted on your results :-)
Hi Alan,
It would be logical to continue using that EA that you have faith in and had some good success with in demo for two months and it’s good your not going too fast. Might be an idea to test your new plan using demo also though, but scaling up with small money to start is also fine really (as long as can tolerate any drawdowns and losses with real money).
Remember that in using the EA from top 5 course that it was selected for you. Picking 10 from this selection means you are picking yourself so there is a difference.
I’d suggest also trying to pick less correlated EAs to combine also rather than just top 10 profit factor for example
Hi Alan,
Where did the original 50 EAs come from and why have you used the mt4 tester rather than just use EA studio?
Soumds sensible what you are doing to get round the FIFA rule.
How long have you been demo trading? It sounds like you are going straight to live? If so I would strongly recommend doing what you are doing with demo for at least a month or two first.
Of the three options you have given I would say profit factor but definately trade them for at least a bit on a demo account to make sure you are happy with their performance.
Hi Tia,
There are a few issues with your settings (I’ll expand on this later as on the train on way to work now). But your low generation number isn’t to do with your settings.
I believe that you have made your window inactive or shut your screen off on laptop maybe? EA studio needs to run on an active browser.
Can I ask a few questions to help you get the most generated EAs for your setup.
1- What browser are you using? (Chrome is by far the best)
2-Are you running on a desktop or laptop
3-What computer processor does your computer have?
We can tackle the low generation number first and then once sorted will discuss some of the other parts of your settings ;-)
Hi Mathew.
This seems like a big success really. Especially as you were just getting pure losses hen you entered this thread right?
Balance drawdowns are pretty inevitable. Have you been keeping an eye on your equity drawdown?
Also am I right in that you are moving EAs from demo to your mock live account monthly and still working with the same EAs on the original demo?
I would recommend keep doing what you are doing for another month or two but also maybe run a second system side by side using the EXACT same process.
It could be that this is just a natural drawdown and you may get another profitable overall three months OR perhaps the life cycle of your system starts to deteriorate after 2-3 months?
4+ grand profit on a 10k account over three months is a great result as far as I am concerned.
Hi Amby,
Time entry would work as Petko says. However I think it would be easier just to use the time settings in EA studio rather than the time entry indicator.
Just change the hours from 0:00 – 24:00 to avoid opening new positions during the high spread hours. This will all be included in the EA studio code if you change these settings.
Either way will do the job though ;-)
Hi Paul,
Using the validator OR fxblue is fine for managing the EAs but once they are on demo I would recommend using fxblue personally.
As to your question about how regularly to change the EAs. I can only say what personally make the most sense to me at the minute and that would be to look at BOTH its performance over this life of its time on demo and a shorter period such as week and make your decision based on that. IIan in one of his courses uses a month and a week which is also sensible.
It would also depend on the timeframe as I would be looking to change M15 Ea’s more regularly that H4 EA’s for example.
Hope that helps.
PS Of course I hope you mean a mock live account (i.e second demo) rather than a live account right?
It sound like you are saying that in your MT4 terminal you are not seeing data for the GBPJPY. If in the history centre you can just double click the symbol to download data. However I wouldn’t recommend this as it will download from metaquotes rather than your broker.
I would suggest opening a chart for the GBPJPY on the timeframe you want and then holding down the HOME key on your keyboard until as much data as your broker allows is downloaded.
Exporting data to csv can be done easily by just clicking file/save as in MT4 with the appropriate chart open.
For exporting from MT4 to FSBpro it is best to open FSBpro and go to the MT4 Hist Import in the History Centre (of FSB Pro) and click the link “Mt4 Hist Import Help” which will give you clear instructions on how to do this.