Forum Replies Created
-
Posts
-
Hey Alan,
So this sounds like it’s going brilliantly unless I am missing some something?
It sounds to me like you have passed everything except the minimum 10 tradings which could happen tomorrow? In which case you can close all your trades and let ftmo know you have passed right?
Curious to see a snip of you equity curve and also know how you went against the drawdown targets.
Thats a big achievement to trade consistently for minimum of 10 days and hit such targets while managing your drawdown. Well done :-)
Keep us posted, will be great to see how you go on the verification but it’s definitely looking really good at the moment.
You should Sedona post a snip of how you performed against a the targets and your ftmo stats btw, it’s a big achievement
Is that a full challenge account rather than the free trial time Alan?
I would try to be as consistent with your trade size as possible as otherwise it will likely not get through the account review but a small adjustment weekly shouldn’t be a problem as long as it is not a large reduction or increase in lot size.
Also just because it is at 40% this week doesn’t mean it will keep that trajectory abs it may have a drawdown for example for a week. I would advise being clear what your plan is before starting trading and then sticking to it throughout the challenge personally.
It would be good to see the equity curve also.
Hey Alan,
FSBpro has the functionality to add this yourself if you are able to code.
As to why to use either over the other, other than the new what is it you are trying to do with the software? If you expand a little further on what you are looking for then I can advise you further :-)
Both software have their different strengths and weaknesses and compliment each other really well but it all depends on what you want to do.
I would think that passing a challenge this way would most likely just result in being warned against this and provided with a free retry but would not be passed through to verification stage.
It would be better to half your lot size and do it slower with consistent trade size.
Hey Petko,
Great results but they will definitely pick up on the inconsistency in trade size in a real challenge account and not accept it.
Variance is fine but a clear large lot size combined with small number of trades and then considerable reduction just to maintain activity would not work in passing the real challenge.
I am sure they mention this in the finer detail of their print. It could well pass the free trail challenge but not the actual challenge which will be reviewed at the end for these things.
Hi Waldemar,
You cannot do this in EA studio but FSBPro has this ability.
A recent update allows quick and easy importing of EA studio EAs into FSBpro so checking it this way would allow you to do this.
This would require purchasing the optimal pack rather than just the EA studio only pack, which is very worth it in my opinion.
For anyone reading this, Tanya has given a really great summary with her notes and understanding btw
To add to this and also for Tanya especially.
1. Keep doing what you are doing and keep things simple
2. Don’t risk real money until you are getting stable results for sufficient time and then start small only (like a 1000 dollar account maximum)
3. Practice good risk management (hugely important)
4. Remember that even the best systems and strategies have drawdowns, this is inevitable. Sometimes even for a month or two
You sound well on your way Tanya but don’t rush (Remember that Patience is key ;-) and persistence. Keep improving, deepening your understanding and slowly scaling up your risk (absolute not %) along with your experience.
Hi Waldemar,
When you export a portfolio expert advisor there will be a single EA that runs on one chart but trades many strategies.
Glad you are liking EA studio, you are correct that it is an amazing tool :-)
It actually sounds like you are following the Plan really well Tanya ;-)
I am super pleased to hear your deepening understanding and experience, you are doing things right.
I know we covered it but we of course covered a massive amount of information and I can see you are definitely really getting it now by what you have written! And as I say, this is actually fast comprehension ;-)
Stick with what you are doing and keep things simple. And yes when moving EAs I have found that giving things things time under real trading conditions (I.e. demo account) is important which makes sense for several reasons.
Also stay diversified but it’s great that you are getting good results with those two pairs.
Also remember to hold on to those good robots that have stood the test of time on the real markets.
Hi Alan,
Well done that’s looking much better now.
I wouldn’t be concerned with the equity curve looking a little different, your profit and profit factor look close for real vs backtesting results and I’d be more concerned with checking the time of the trades and total count etc which I expect you will have done if you followed my video?
looks like a sufficient comparison to me
Hi Gerhard,
That is strange. I don’t use mt5 much but presumably you have your auto trading activated?
If it’s not making trades then keep an eye on the error messages in the expert tab to find out why?
There will be a reason why it’s not making trades, but only apply it to the timeframe and symbol it was developed on.
changing the timeframe and symbol will not resolve the issue of it not trading. Showing some screenshots might help
Hi Tanya,
Well done for your perseverance. I am very happy to hear that your results are improving so much!!
Believe it or not if you are starting to get consistent results already then you are moving fast :-)
I do remember trying to impress that it is best to wait a minimum of two months really before moving your EAs (Id say ideally three minimum even), but we did cover a lot and it is SUPER hard to be patient as a new trader ;-)
Keep doing what you are doing, and remember to set another incubator account running every few months so if you start not having enough EAs passing your selection criteria you have a fresh account as back up with sufficient demo trading history.
As long as the incubator account has sufficient EAs that have performed well on real market conditions though and your strategy moving system is working (keep it simple!), then keep doing what you are doing.
Perseverance is absolutely critical for trading! I’ve had many moments of similar dispair in my journey also
Keep working at it and you will improve and get more consistent and your understanding of what works and what doesn’t and why will deepen.
This is truly fantastic software and a hugely exciting development. Express-gen has become my primary strategy generation tool personally (I believe I was the first user of the initial beta version so have been playing with it for a while now) and Popov is developing and improving this tool fast.
Saves me a lot of time and effort, definitely useful for people who have been using EA studio for a while.
I’ll make doubly clear that isn’t a stand alone product, it is a supplementary product that requires either EA studio or FSBPro, but it is a hugely beneficial and time saving addition.
Hi Gerhard,
I haven’t don’t this course but this EA will have been specifically developed for this pair and timeframe.
That doesn’t mean of course that it wouldn’t work on other pairs and timeframes but that would require thorough backtesting.
I would recommend using it only on the symbol and timeframe it was developed for and starting on demo account of course.