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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.
Hey Alan, yeah on my account I got a really great 1st week and then stagnation for weeks 2 and 3 and hoping for a boost over the finish line this week.
I just focus on trading my own accounts these days as I don’t like being so penalized for drawdowns that are actually fine, but I occasionally do a small prop challenge (or even just an ftmo free trial) for fun and bit of a challenge :-)
I did quite a few of them a while back and got through several challenges but back then I was changing things too much and didn’t have the legs to get through the validation phase. Hence why I recommend stick with whatever your plan is and definitely don’t mix things up mid way as it’s highly unlikely to work and you will just lose all the effort of passing the challenge.
They are a challenge to get through (right the way through) even if consistently profitable, can definitely be done of course though. Just got to stick to a good plan and be patient even if it takes several free retries.
Great work Alan, keep doing what you are doing and stick to your plan. You still have the verification to get through and then consistent trading after that so definitely smart to stick with the same methodology throughout and do not sway from this as you are doing.
I am in a similar position with not much left to hit a profit target on a prop form challenge but only a week left to go, had a couple of weeks stagnation so hoping the market delivers for both of us this week, if not we will both get free retries at the least. Can’t do much more that hope the market delivers at this point really.
Hey Alan,
Your plan is sensible enough to me.
I am assuming that you have demo tested the system you will be using for this long enough to feel confident that over this period you have a high probability of passing and keeping the account?
I’d personally be testing on a small live account first to limit the cost and using fx blue to track how you would have done. But everyone has a different risk tolerance. I just don’t want anyone losing money unnecessarily, of course at least the losses are capped and if you are comfortable with the worst case scenario going in then either way I am sure a lot will be learned for the cost in the worst case and ideally you will land an account :-)
