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Hi Jaylon,
You correct in changing your EA studio settings to avoid this high spread. I remember having a similar issue a long time ago.
If you are no longer collecting strategies then this is to do with your settings.
I would suggest initially running just the generator with no validation and relax your acceptance criteria gradually until you are collecting say 20-50 strategies over 24hrs. Then Filter these in the collection tab and save the collection and run through validator with robustness settings.
This way you will get a feel for what settings are most appropriate.
If you post your generator settings and acceptance criteria I can review and advise better.
Cheers
Hi MrPrice,
I see a few main issue with your comparison.
1 – You are using the inherent JFD data in EA studio to compare with your broker terminal data. You should first use the export data script to export your data from mt4 into EA studio for a fair comparison. Additionally this will automatically match all swap values and allow you to set commission. But note that MT4 doesnt include commision and so for a pure comparison its better make this zero and then change it afterwards.
2 – You are running the MT4 backtest using ticks instead of open prices, it is best to use open price modelling in the MT4 backtester.
As to how reliable is EA Studio, very. Experiences like this are always user error.
I would strongly recommend reading the thread below in which I helped someone with similar issues.
Hi Maria,
Perfect, that was my next suggestion if the above didn’t work. You can use as many bars as you want that way 🙂
Shame we cant lift the bar limitations of EA Studio the same way!
Cheers,
Sam
Hi Maria,
Historically FSBPro had a maximum bar limit of 50k bars (I believe it was pre version 4.0). Can you please check what version of FSBPro you are using as this could be as simply as installing the latest version in which this limit was increased to 200k.
If the problem persists with the latest version then let me know? And of course make sure you change the 50,000 default to 200,000 as shown below.
Cheers,
Hi Patrick,
Yes just set things for how you want to trade, also if you are intending on doing prop challenges then need to meet their requirements, for example some don’t allow open trades over weekends.
Also it’s a good idea as you have said to avoid opening trades during high spread periods.
I would definitely recommend customizing your setting a for how you intend to trade before generating.
Hi Maria,
To do this you need to import your strategies into FSBPro which allows multiple timeframe strategies. Then it’s simply a matter of adding and indicator and changing the timeframe for that indicator to what you are after.
Depending on what you want to do of course there is a bit of a work around within EA studio.
For example if you was were on M15 and wanted to add for example a moving average with 50 periods on H1 as confirmation the you could just using a moving average of 200 on M15. However this is limited depending on the periods you are looking to use.
Hi Gary,
Just checking how you are getting on? I would strongly advise you stop trading live as it seems way to early for that at the moment from what I am reading.
My initial advise would simply be this:
Switch to a demo (mock live) account and keep doing what you are doing, only when you have seen successful results for a few months running should you progress to a small live account as you are doing. The odds of you losing money if you skip this important step are astronomically high.
Any winning periods will most likely be luck (certainly not a good thing if it mean you then start to increase the size of account and risk size with false confidence) and large losses will be just round the corner.
Keep asking questions but just had to start with making those thoughts clear 😉
I have some questions:
1 – How long have you been trading?
2 – How long have you been algo trading?
3 – Do you have EA studio?
Also I would add that the behaviour of an EA to have a winning pf over several trades and then a losing pf over several trades as you have described is not so uncommon.
Petkos suggested demo/live comparison is right on point btw, it very much should be the same (I have found it to be with most reputable brokers), but if not then thats definately a problem.
Hi Steve,
For the first 4 question regarding the reactor. I personally develop settings by feel, I often start out pretty strict but if after an I notice that I am only really getting say 1 strategy every hour I will then ease up a bit. I usually run several reactors to make the most of whatever computing power I have. Collection size set to 300 but that’s rarely filled and to be honest I usually just leave mine running even for days sometimes.
As to your question regarding broker data, given the lack of data I would suggest the following:
1 – Use Premium Data for the reactor
2 – Run your collection through the validator on however much broker data you have (form 2020 is plenty)
It is completely okay to generate your strategies using the premium data as long as you validate on your broker data for what you have also. Make sure to also set the swaps to you broker data for the premium data when generating.
Hi Alan,
Your opinion on the daily drawdown limit in FTMO is very valid. It is by far the most difficult requirement and I also trade my own accounts to avoid the restriction. However in doing the challenge your risk should be reduced as you progress through the process, by its very nature it is a challenge and to pass that phase your risk needs to be pretty high, however this should be reduced up to half for the verification and then definitely reduced by half again when trading ongoingly.
I did notice you were flying a little close to the sun in terms of the daily drawdown limit with the challenge results, but I assume that the intention was to reduce your risk considerably when trading ongoingly? In this case I don’t think there is any reason to be overly concerned with the daily drawdown limit right?
You did the hard work to get through (Which with these is also a case of the market aligning well for during the challenge), just set set your risk to a quarter of what you used for the challenge phase and keep running your system and that way the daily drawdown should be pretty far off really.
Awesome Alan, well done. You clearly have an edge and are practicing good risk management and consistency in what you are doing.
That first paycheck is certainly going to feel great and be well deserved!
Hi Harry,
Im sure Petko will confirm but I would expect the only EAs to trade long only to be indices and forex and commodities will be long and short.
The answer to your second question is yes.
Once the EA is removed it is no longer managing any trades that are currently open so you would need to close any open trades from that EA manually if removing the EA. This is easily done by looking at the comment in the open trades in mt4 or 5 terminal.
Last question is a bit subjective but one way to do this would be to trade at least whatever the maximum stagnation period is for the strategy
hope that helps
Good stuff Alan, I found that following that method worked well for me also. However I prefer generating less often and allowing EAs some time on a demo account and then moving them from there as is done in most of Petkos other courses. Many things work, mostly it’s about gaining experience through practice in my opinion.
Well Done Alan, that’s a great achievement.
Stick to your plan for the evaluation and it’s looking like you have a really good chance of landing the account. Keep us posted
Hey Casanogues.
That sounds good, not sure exactly what you mean by not 100% consistent but presumably you mean you are a profitable trader overall?
My advise would be to watch the videos and ask any questions you have. For people who code like myself express gen is super quick and easy to pick up without the videos really (though they are still useful for coders) but I believe that the videos break down everything pretty clearly for non-coders too?
The main benefit I get from express gen is just that it saves me some manual time in my workflow but I would suggest using it as a side to your current workflow until you get the hang of it. Maybe dedicate 80% of your trading time to what you are currently doing in EA studio and 20% to implementing express-gen in the generation process.
Basically express gen is a generator only that works offline and is about 3x as fast as Ea studio, it exports collections that are 100% compatible with Ea studio and can be imported into both Ea studio and fsbpro.