[Ilan Vardy]

Hi Emre,

This sounds like a problem with the broker or their server. Slippage maybe. Or it could be a problem with the auto trading. I’d suggest making sure your auto trading is enabled, you see the smiley face (or hat in the case of MT5) in the top right hand corner. If all settings are confirmed as correct, run a backtest. You will see trades that should have opened. Then contact the prop firm and enquire with them why the trades didn’t open, when they clearly should have according to the backtest. Also, check the journal for any errors.

Cheers,

Ilan

[Ilan Vardy]

Hi Pranav,

 

This is probably due to the broker. Try running a backtest with a few brokers, and compare results.

Ilan

[Ilan Vardy]

Hi Andreas,

The lot sizes won’t be divided. Each EA runs independently. Once you install the EA onto it’s corresponding chart, you need to load the set file for the specific asset and account size. For the demo, let’s say you have a $100K account with the 8 EAs all on the platform, on 8 charts, run set files for the $10K. Each set file is specific to the asset, including entry lot sizes.

Ilan

 

[Ilan Vardy]

Hi Laurence.

Let’s go back to basics and make sure everything is set up correctly. Did you enable auto trading before placing the EAs onto the chart? Do you have a smiley face / hat in the top right hand corner? I have them in my FTMO trial and they are opening and closing trades, so I don’t think it’s an issue with the broker or their server. I’d suggest removing all EAs, closing all charts, and starting over. Enable auto trading, open your charts, copy the EAs onto the charts and select the set files applicable to you.

Cheers,

Ilan

[Ilan Vardy]

Hi Malik,

 

There is no guarantee that if an EA is profitable today, it will be profitable tomorrow. It is determined entirely by the market. As Nicholas has said, and you mentioned too, you should keep all 8 on a demo account, link your demo account to a website like MyFXBook (Check out this video: https://youtu.be/H19yWrotTVg), and monitor the performance, even daily, putting only currently profitable EAs onto your challenge account.

 

Cheers,

Ilan

[Ilan Vardy]

Hey Nicholas,

I understand your concerns completely. But, the market determines the results. Some weeks are incredible, with massive gains. Others, are very slow. The key is constancy. Keep the EAs on a demo account, Monitor their performance and move the best performer/s to your challenge account. The reason we, as the team at EA Trading Academy, don’t simply publish the best performers, is because the broker and trading conditions play a big factor. We may have better results with one EA than another, but that doesn’t mean the results would be the same with another broker.

I know you’ve been running the EAs for 2 weeks, and this seems like a long time, but really, it’s not. That’s the reason most prop firms have removed the time limit. It can be almost impossible passing in just 30 days, while still adhering to all the rules. Be patient. Follow the strategy. Don’t take unnecessary risks. Trade only EAs that have performed well. If none have in that week, don’t trade any. You will be successful. If this was easy, everyone would pass easily.

Good luck,

 

Ilan

 

 

[Ilan Vardy]

Hi Eugene,

Thanks for bringing this to my attention. There seems to have been a problem with the uploads. I have rectified this, and the weekly EAs are available for download.

 

Thanks,

Ilan

[Ilan Vardy]

Hey Greg,

 

Thanks for reaching out.

 

If you’re planning on purchasing an EA Studio license, to create and test your own strategies and EAs, I’d say go for the EA Studio course. If you would like to test and use Petko’s top 5 robots, without creating your own, then the Top 5 Robots course would be a great place to start.

 

Please let me know if you have any follow up questions.

 

Thanks,

Ilan

[Ilan Vardy]

Hi Robbles,

 

Yeah, as mentioned, the volatility on the market right now is huge. It’s really difficult to say what time frame would work best for moving EAs from one account to another. An EA can perform really well for a few days, and then suddenly stop when conditions change. In the course I do say a week, and this is generally what I use, but there is no guarantee that an EA will continue working well. As always, my advice is to try different things. For example, you could try 2 or 3 days, and if an EA performed well, say 2 or 3 successful trades, with a profit  factor of 1.5 or higher, move it over to another account to test. Maybe you could then let it trade, and after 2 successful or unsuccessful trades, remove it from the chart. This is just an example of one different strategy. There are countless options.

 

Good luck, and let me know what you try, and how it works.

 

All the best,

Ilan

[Ilan Vardy]

Hi Robbles,

 

Yes, unfortunately, the market is really volatile at the moment. This is the reason we trade with so many EAs on our demo account. During times like these especially, we use many demo EAs, and then select only those that are the most profitable for our “live” account. If you are new to trading I would strongly recommend that you practice for as long as possible before risking real money.  When selecting your EAs for your “live” account, even if you have only 5 – 10 that are profitable, that’s ok. This is still a good result. Keep at it, practice, and see what works best for you. The reason I wrote “live” in quotation marks, is because what I mean is, set up a separate demo account, that you can practice on as a live account, to get more comfortable. Move your profitable EAs onto this account, and see how they perform on their own.

 

To your second point, yes, you are quite correct. I did in fact include some small SL and TPs in the new EAs, both last month, and this month’s that I uploaded over the weekend. Due to the current volatility, I wanted to add some extra protection. Well spotted!

 

Thanks,

 

Ilan

[Ilan Vardy]

Hey Robbles,

 

Thanks so much for your kind words. I’m really happy to hear you enjoyed the course.

Your point about a VPS is very good. You are correct, however as this course was geared towards beginners mostly, I didn’t include it in the course, as I didn’t want to overwhelm our new traders with too much technical IT information. Having said that, I think it may be a good idea to add it when I update the course next.

 

To answer your questions:

I personally always close all open positions before updating the EAs, irrespective of whether they’re currently open or closed. This is because I want to use the EAs that have shown the best performance in current market conditions. If the existing EAs are open, and profitable, then great! If not, I take the loss, close the positions, and activate the new EAs.

 

The reason there is no SL or TP in place on the EAs, is because when I created them in EA Studio,  I ran the Generator and Reactor many times, trying different settings before testing the EAs and creating the course. The best results I got, was when the indicators in the EAs decided when to open and close the trades, rather than the SL and TP. If you have a trial or full license, my suggestion is to try for yourself – play around, try different settings, and see what you prefer, or what you’re more comfortable with.

 

In terms of lot sizes, the 0.01 lots I use when creating and trading with the EAs, is what I am personally comfortable with, based on my account balance. This is where money management comes in too. In EA Studio, you can set your initial account balance, and again, as mentioned above, I tried different lot sizes based on my account balance, and found the results I was comfortable with, was starting at 0.01 lots. My money management system is quote simple. I increase my lot sizes proportionately to my account balance. So, let’s say my account balance increases by 10%, my lot size will increase my 10% too. Conversely, if it drops by 10%, my lot sizes decrease by 10% too. In terms of leverage, again, your risk appetite comes into play, and if you are happy taking bigger risks, then you can increase your leverage. The margin requirements depend on the broker, as they all set their own.

Thanks again for your kind words – I will ask the site manager to check the issue with the review.

Should you have any follow up questions, please feel free to ask.

 

Take care,

Ilan

 

 

 

 

 

 

 

 

[Ilan Vardy]

Hi bryanvdhoef@,

 

We don’t fund robots – we fund our accounts. The EAs are simply used to open and close trades according the rules of the strategy. But in terms of getting the EAs (robots) to make bigger trades, this is achieved by increasing the entry lot size of the trade, and can be done by adjusting this value in the Inputs tab of the EA properties, either when we are attaching the EA to the chart, or later, by double clicking on the smiley face in the top right hand corer of the chart, which brings up the properties window for the EA.

 

Thanks,

Ilan

[Ilan Vardy]

Hi Raymond,

No, you definitely don’t have to follow the 0.1 lot entry rule. When you place the EA onto the chart, and go to the Inputs tab, you can change the entry lot size to one that is more suitable for you.

In terms of how much money you need in the account, this would depend on your trade sizes. I would just suggest to start small, and employ good money management. In terms of leverage, my personal preference, and what I trade is 1:100, although this is not a recommendation. Again, I would recommend you practice different leverage on demo accounts until you find one you are happy with.

Thanks,

Ilan

[Ilan Vardy]

Hi Raymond,

Good to hear from you.

I’m surprised to hear that you had issues with the password and syncing. I have set up about 100 FX Blue accounts and have never had that issue. I also teach this in all my courses, and have never had any student comment that they had difficulty. Thank you for bringing this to my attention. I will certainly mention it in my future courses.

 

And the point you make about turning off your PC is valid, and again, I will mention it in future courses. For your own info, the EAs that have opened trades, will remain open until the TP or SL is reached, even if your PC is off. However, if your PC is on, it can close trades when TP or SL is reached, but also if the exit conditions are met, as per the rules of the EA. But yes, it won’t open trades, because the EA resides on your PC, not on the broker’s server, so in a case like yours, where you turn your PC off, I agree a VPS would be best.

 

Thanks again for bringing this to my attention. I always appreciate intelligent, solid advice.

 

All the best,

Ilan

[Ilan Vardy]

Hey Riuzk,

It’s difficult to recommend a broker, and we avoid recommending brokers because there are a number of factors to take into account. For example, the spreads that brokers offer, are not always the same in every country or location. The same with leverage. In some countries the leverage offered is higher than others, due to the regulations there. Have you had a look at the Brokers page yet? You may find some useful information there.

https://staging.eatradingacademy.com/trusted-forex-brokers/

 

Thanks,

Ilan

 

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