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Hi Traders,
I just started a new challenge. It is a Funded Next 100k Challenge and results can be tracked https://www.fxblue.com/users/fundednext1nfvkn
I developed a starting portfolio of EAs using EA Studio. The portfolio consist of 6 strategies using the H1 timeframe on several different currency pairs (EURUSD, GBPUSD, USDCAD and USDJPY).
I created this portfolio and put it straight onto live trading without any demo trading, I will adapt and make changes depending on performance as time goes.
I will aim to update the results monthly and answer any questions anyone has.
Hi Traders,
I just started a new challenge. It is another FTMO 100k Challenge and results can be tracked here: https://www.fxblue.com/users/ftmo2nfvknm
I developed a starting portfolio of EAs using EA Studio. The portfolio consist of 5 strategies using the H1 timeframe on several different currency pairs (AUDJPY, EURUSD and USDJPY).
I created this portfolio and put it straight onto live trading without any demo trading, I will adapt and make changes depending on performance as time goes.
I will aim to update the results monthly and answer any questions anyone has.
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
Hi Traders,
I just started a second darwinexzero account. My first has been running well for over a year now and results can be seen here: https://www.fxblue.com/users/darwinexzeronfvknm
I developed a starting portfolio of EAs using EA Studio. The portfolio consist of 6 strategies using the H1 timeframe on several different currency pairs (AUDUSD, GBPJPY, GBPUSD and USDJPY). I will be looking to add a few more strategies to this portfolio in coming months.
I created this portfolio and put it straight onto live trading without any demo trading, I will adapt and make changes depending on performance as time goes. I am hoping that this account is able to get its first capital allocation in a few months time.
I will aim to update the results monthly and answer any questions anyone has. The fxblue link to the result is https://www.fxblue.com/users/darwinexzero2nfvknm
This is the fxblue link for the live account: https://www.fxblue.com/users/nordic2fvknmfunded
Hi,
I just passed the nordic funder 100k challenge and am now trading on a funded account. I did this trading EAs created using EA Studio. Stay tuned for future videos on Petkos channels and also feel free to discuss trading with EA Studio here :-)
https://www.fxblue.com/users/nordic2fvknm
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.
Hi Traders,
To introduce myself, I am fulltime travelling trader who has been trading forex as a side hustle seriously using EA studio for a few years now (with a few years of manual trading of crypto and forex prior to this) but transitioned to fulltime trading about 6 months ago using mainly prop firm capital.
I just spent the last few months in Europe trading and after my next 6 weeks in Oz visiting family and friends I will be heading to Vietnam for a few months, so I will also share this experience and trading as I go by making videos and sharing the journey of travel trading as best I can along with any tips and tricks I discover along the way.
I trade primarily using strategies developed using EA studio, although I also use FSBPro and code strategies myself also.
The following portfolio has been trading only strategies developed using EA studio. It did suffer a prolonged period of stagnation but has since recovered, this was partly due to my working a fulltime job alongside trading and being overly busy but also just part of the nature of trading really.
Predominantly I favour H1 and a slow hands off approach so in terms of management, the same portfolio was trading for about 8 months and then I made some modifications a few months ago to address the stagnation.
I am sharing my Darwinex Zero account that has been trading since May 2023. I will aim to update the results monthly and answer any questions anyone has.
Hi David,
For the wrong file type just do the following:
1. Right click the file and select “Open With”
2. Check the box to say always open with selected program
3. Navigate to any metaeditor.exe file and all should be well
Let me know how it goes.
I trade my own Robots so am currently unfamiliar with Petkos process, I will review and get back to you. Usually I personally just use the same EAs that passed the challenge but lower the risk to about 70% of what I used for the challenge.
Hi Gareth/Alan,
Yes the steps above are how its done. I would add that I have noticed that certain hardware can be different so its a good quick and easy test for anyone new to do to optimize for themselves. I personally do get benefit from more that 3 reactors but it is diminishing returns. The main reason I run more is just because I run each on a different symbol. Its good to have an understanding of all this so the user knows how best to optimize depedning on what they are doing.
For example if you were just developing strategies for 1-3 pairs then it would be pointless to try to run more reactors (and in some cases would be slower as it is on one of my computers).
Hi Thorsten,
This time 2:00 – 24:00 will work for most brokers but you should check if it is set to yours.
You should of course backtest any EA on your brokers data before trading it and that may show up if there is an issue with your brokers time. I am sure Petko will confirm but I would consider the times above to be adjusted to UTC +2 with daylight savings, so quickest way to adjust if necessary would just be to clarify what your brokers time is set too.
