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Dear Mihail
Please look only at the last link that you have on lecture 13 for your EAs. There is not file with the name 300130601 GBPJPY M5, as you wrote.Anyway for the rest you are right, this is how we name the magic numbers. This is because we test 100s of EAs and we need to have a good system to follow them.
If you are not generating new EAs with any of the softwares, you can simply name the Magic Numbers 1,2,3,4 and 5. No need to follow our system, since you have only 5 EAs.The true name is Expert adviser. Forex robot got popular from the sales men who actually are selling expert advisers but calling them Forex robot. Why they do that? Because they promise to the people that once you buy it, it will do the work for you, it will make you up to 85% on a single trade, its fully automated and so and so on.. Basically that all is not true.
The name is Expert Adviser, for a reason. It is a tool that automates your entries and exit rules and conditions for the strategy. That all it is. Its giving you signals or entries. But you need to use your experience about the trend, about the moment you are using it, about the Fundamental news that are coming up etc.
Basically it is adviser, not a robot. The word robot just misleads the people that when they buy one expert adviser they will put it on the platform and it will make money for them consistently for years…don’t expect that.That is why in the course Top 5 Forex Strategies i explain clearly that these Expert advisers are the automated version of the 5 strategies. You need to find the way that you will use it or not use it at all. We do our best to maintain them as stable as possible and we do see positive results on the end of each month so far, but as you know past performance does not guarantee future success.
Dear Peter,
sure you can give it a try. The good thing is that FSB Pro and EA Studio will create you the ea as it does with forex ea if you upload the historical data. The question is about the risk? How you will diversify it?
I will give you my point of view, do not take it as advise alright?
1. forex ea is better then commodity because of the spread
2. with forex ea you can diversify the risk on even 36 pairs with most of the brokers. With how many commodities you will go?
3. with forex ea we have the economic calendar and we have an idea when will be the affect of fundamental news. We do’t know when there will be high volatility in commodities.But give it a try of course and share your experience with us please
Its much faster because it is web based and works only with MT4 indicators. FSB is heavier because it is working on Higher Time Frames and is using custom indicators. The academy is using each Forex trading software and so far nothing wrong there.
Hello Mihail,
yes this is good idea to change the name of the Slides. I will make sure to do it in the next update.Can you please explain what you mean by:
“I could delete all the EAs, and put the new EAs in their place, but that would not work, if I have changed the levels of TP and SL /or I would need to change them again/.”Dear Mihail, on Vidia EA, please skroll down to the end of the inputs and you will see where is the TP.
Also tomorrow we will update the parameters of the indicators, and you will see the changes in the attached Power Point files
and if you donload the EAs again, the changes will be therewhere it is written in the inputs SL and TP. Delete the values that are written and write the once you like.
Have a look at the picture i have attached.But its a good idea to have the EAs changed as well…what we can do is actually update the EAs and when there is update you can just download the new onces and put them on the platform for trading.
This is because before this strategy was without TP and using Trailing SL only.
For each strategy you have attached Power point sheet with the right parameters
When we update the strategy with the parameters, you will see the change in this attached sheet
So what you need to do is just to make sure that the inputs of Each EA are same as the sheet that is attached to the Strategy
Of course on every change we make we will notify you.Hello Mihail,
please see the picture bellow:
Basically you change the values on the right side.
Have in mind that these values are in points. So this is for example 25 and 75 pips.
FSB Pro is using points and EA studio is using pipsHello Adam
thanks for the clarification. You are almost right for all of it. Keep it simple and stop the EAs on important fundamental Forex news.you are right Margaret! And what i see recent years is that the traders go first to any ea builder and then they learn how to analyze the market and actually have an idea about manual trading…before we were teaching first manual trading and then upgrade to automated trading using ea builder. But times are changing…:)
Hello Jade,
No, as far as we know. As you know EA studio uses indicators from MT4 and Forex Strategy Builder uses custom indicators. That’s why it is so fast and the Reactor is so fast. If it uses custom indicators , that would be very very slow with Forex Strategy Builder and it will not worth the time…
You know how we combine them = EA studio for smaller and simple EAs and Forex Strategy Builder for heavier EAs with higher time frames and more conditions for entries and exits.