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Hello Michael,
Nice topic and question! I have been using EA Studio for even longer and I can say it is really not easy to follow the results. We create many EAs, and trade many assets, it is hard to keep it up.
What I personally do is to look at the long and the short term performance. In FXBlue I change the dates looking at the last quarter of the year and the last 2 weeks. If I follow the performance of EAs on Demo and live I want to know how they do in the longer term and at the same time how they go in the recent market. This method Petko shared with me in 1:1 class and it works for me.
So if I look at Profit Factor 1,2, I would like to use in my live the EAs on Demo that show 1,2 profit factor for the last 3 months and as well for the last 2 weeks.
Hello all,
I have been in the Forum for about 2 years, and I trade actively with the EAs from Petko and the EAs I created my self. I want to share one thing that I concluded recently, and I hope it will be useful to many of you.
I had experience in trading before getting into algorithmic trading, and I was spending a lot of time in each strategy I used. Especially while I am using FSB Pro. I worked on each strategy with hours, to improve the entry and exit rules, to add some indicators and so on. The thing that Petko shows in the last courses is actually different, and I accepted that idea of trading.
It is not really the case to concentrate on each strategy and expert. It is more about generating robust strategies that pass all the robust tests. He says that he does not look at the strategies’ indicators and parameters at all. That was the hardest for me 🙂 However, the last few months I just generate EAs and place them for test on Demo, and then straight to the live. It turned out that this way I spend 3 times less on the computer and I got even better results.
I will run some tests by myself, but I guess you need to check really if all is the same as George says.
Hey mate,
I started the account with 10k. I was quite busy and I really forgot to share the EAs. Once I am home, I will attach and send them.
Well…what to say, man, you need to practice a lot. Do not hurry with live trading until you are satisfied with the EAs you trade on a Demo. I did the mistake to rush in live trading and I did not get the results I expected.
And maybe the most important and valuable advice is to listen to Petko’s courses and pieces of advice 🙂
And post in the forum questions as max as possible, this will teach you a lot. There are many experienced fellows even not all of them write a lot in the forum, which is understandable. It is free will.
Regards,
Hi Adam,
the trailing SL in EA Studio for the EAs works great. I would not really bother the code( I know some basic MQL but not enough to mess it).
So what I would if I were you is to generate EAs with trailing SL in the generator settings. This way you will assure you do not have problems, no need for additional EAs.
Hey Petko,
this sounds really interesting to meet you in person. I wish you make a seminar in the UK. I will be 100% there. Japan is so far 🙂
Anyway if you have announced that earlier I would have organized a trip combined with a week there. Last year I visited The Philippines and I was planning anyway this year another country in Asia.
Well, Petko does share his EAs why not 🙂 Let me attach them somewhere and I will put a link.
Cheers,
Guys, I can not imagine my trading without EA Studio…I just saw this topic again and I often read what people say in here but the truth is that once you get used with the strategy builder you really can not do it another way. 🙂 I do not see an alternative at all.
Before when trading manually I was so tense in my day and now I am so relaxed, the EAs do it all, I just think new methods how to generate better and better EAs.
I am very glad I met Petko and learned about EA Studio from him.
I believe the trading will get back to normal as the old days where you could trade only 1:1 stocks. I see that many brokers offer now stocks trading. I guess this way the people will lose less.
Sisi, keep in mind that here we know what to do but the mass of people don’t and they lose their account so quickly because of the leverage.
Petko, do you use the same criteria in the Acceptance criteria when you generate the EA and the additional filter in the collection? Does it make sense to filter the EAs in the collection with different criteria or better use the same?
Thanks!
Hello Adam,
When you generate the EAs you can set up the range for the SL and the TP. r you can choose exact values to use.
Look at the first picture from Petko, you can see min and max in pips. The EA Studio does not give you 80/120 alone, you have set it this way in the first place(maybe you did a huge range and it found the best parameters). For me, these are not bad levels by the way. You make conclusions too quick just from a couple of weeks.
Once again, if you want to use precise levels in SL and TP, you can set it there, and all generated EAs will use those levels.
Hi Adam,
why do you want to change the SL and TP manually? There is no sense in this. if you want to use exact SL and TP for your EAs you can set them in the strategy and optimize the other parameters with the Optimizer. But if you have a generated strategy and after that, you change the SL and the TP do you get better results with EA Studio backtest? I doubt it…
I see you are putting some manual trading emotions in your EA Trading. i guess everyone does that at the beginning. If the price reaches towards the TP, you should not hurry to close the trade or to get angry if the price gets the other way. That is exactly what causes manual traders to lose.
Leave the EAs do their work, and just monitor them on Demo and live account. if you see which ones are profitable(as you have some already) you can place them on a live.
Have a nice weekend!
Hello Petko,
thank you! All the progress I did is because of your precious education and the EA Studio software. I would not imagine anymore trading another way. Before I was just losing in manual trading. Here is the real thing and I am very glad I found you and the Academy almost two years ago.
Hi Sharapova,
thanks for the kind words. I would be glad if my work motivates the others. Of course, these are some quick profits I did. I aim at the longer-term trading so let’s see how it goes.
Cheers,
I trade all the time as well. If you pause or stop the EAs, it will be harder to follow precise results after that. What if you are unable to do that one weekend? It will become a mess.
As Petko said the generator wors over all the Historical data. Now if you want your trades to close on Friday, you can select that when you generate strategies:
If you select it. You will generate strategies that actually closed on Friday. And you will have a better backtest.