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Hey guys,
Thee will be small differences between the videos and the new Version 5.0
I will do my best to rerecord some of the videos using the new version.
Also, you will receive the e-mail with the Set Files.
Something fundamental I missed to show in the previous videos is that when you test the Robots on trial you have to do it with different lots so the exposure will be equal. But all of that is in the set files. Just in case you wonder why the lots are different.
Hey Dylan,
You will receive the e-mail with the new download link and password later today.
We are working on the final tests.
Cheers,
Hey mate,
Could you give it more time? The EAs will open trades when the price hits the confirmation from the indicators.
The EAs are not designed to trade frequently but to take vital signals.
SL is a protection. The EAs have exit conditions (indicators).
However, you can always optimize the EAs so they will have lower SL or to make it more active.
Hey Joko,
I appreciate your feedback!
True, but one should not use the scaling-up method if one can’t monitor the trades. I decided to use the scaling-up system only when I am around the monitor.
About the second one, it depends on your risk tolerance. It’s not luck. I’ve done plenty of tests with the EAs and the lot size to calculate that the chances of passing the challenge and not violating the rules are huge. If that ”risk” is too much for one one, it’s just a matter of lowering the lots.
If you check the trades in the reports, you will see that I traded the GBPCAD at the beginning of the week. At the end of the week, the AUDNZD was the profitable one.
So you need to track the 7 EAs and see which is the best one at any moment.
What comes to my mind is that you have low leverage, and there was not enough margin to open the trades?
Second, check if your broker has different suffixes for the symbols. Some might not be eligible for EAs.
Let me know.
Yes, Alan answered precisely about the Trailing Stop Loss.
Regarding the Magic Number, it is available on MT4 but not on MT5.
Cheers,
Hey traders,
I have uploaded the Expert Advisors for October.
You will find them attached as resource files. Just unzip them.
Always test on a Demo first, and I wish you a good month ahead!
Petko A
Hey mate,
Can you try backtesting for a longer period of time because some of the indicators in the EA (on M30) need a lot of bars.
I see you selected the 1st of August, just backtest it for longer and let me know.
Do you see errors in the journal?
The problem is that most people depend 100% on the MetaTrader backtester, which is not perfect, actually, it is far from being perfect.
Like Alan said, the best is to test the EAs on Demo, which is a realistic forward testing.
Also, the EAs created with FSB Pro are advanced for the MetaTrader backtester, and the results are often not realistic. So a Demo test it the best thing to be done.
We avoid recommending trading lots. It is a personal choice with how much one will trade.
Start with 0.01 Lot on a Demo account and increase it until you feel comfortable with the risk.
We use fixed lots only because it’s much easier to compare the results when we trade more than 1 EA in the account.
Hey mate,
I get your point!
I will try to explain why this happens:
1. FSB Pro open the trades during the bar, and it works on the closing of the bar. That is why you need to use Control Points as modeling.
2. FSB Pro uses higher time frame filters and it includes Indicators that are not available on MetaTrader at all. That is why backtesting on MetaTrader becomes a problem.
Simply MetaTrader cannot catch up with all of the features.
3. FSB Pro has different backtesting models that are not available on MetaTrader as well.
Unfortunately, MetaTrader was not updated for over 20 years. MetaQuotes (the company behind it) has been selling the platform to brokers, and they make money from the big guys. And they don’t think about the retail traders (us) at all.
I hope that makes sense!
So I am using FSB Pro daily, and I do not even test the EAs on MetaTrader, because the MT tester sucks (sorry for the word).