[Ossaio]

Hi Petko,

How do you modify the lot sizes of the EAs after strategy generation? Let’s assume you generated a strategy using 0.02 entry lot, 0.04 max lot, add 0.01 lot and reverse 0.04 lot. If the EAs are doing well in demo or live trading, what do you do? Increase the lot size in MT4 or FSB?

I’m asking this because I generated some strategies with good equity lines using a particular set of lot sizes. Then I started experimenting with different lot sizes after generation to see if the net balance will increase with increasing lot size. However, I was surprised to discover that increasing the entry, max, add and reverse lot sizes made the strategy become unprofitable.

Have you experienced something like this?

[Ossaio]

Thanks for the kind words Petko. Fortunately, Pepperstone allows hedging on MT5. I agree I need to take more rest. From few strategies I generated so far, I can see this is more of a marathon rather than sprint. So, I’ll go easy, keep learning and gradually work towards becoming a better trader.

[Ossaio]

Hi Petko,

You are absolutely correct. I’m really taking my time. I want to make sure I get it right as much as posible. I have purchased a VPS where I’m collecting data on both MT4 and MT5 live accounts for about 1 month now. I noticed that MT5 accounts have more historical data than MT4 accounts. So, I now have more than enough broker MT5 data for strategy generation.

I’m using two approaches for strategy generation. 1) Allow FSB to automatically generate strategies. 2) Supply FSB with some fixed manual trading opening logic and then allow it to suggest exit conditions.

I’m looking at currency correlation also. I want to make sure the currency pairs I trade are either non-correlated or negatively correlated. I’m also looking at pairs which trend most of the time.

With my data analysis background, I’m trying to segment the historical data into different combinations of market conditions to see if the results will be improved. I currently spend 8 to 10 hours per day on this, outside my full time job hours.

I also have a 32GB RAM workstation which will be generating strategies while I’m at work. I’m committed to making this work and hope it does. I really appreciate your great efforts and also the help of all the members of this forum who have been selflessly sharing their experiences.

[Ossaio]

I agree. I’ll start with conservative lot size and increase it only after I’ve had much experience.

[Ossaio]

Good point. Thanks Petko.

[Ossaio]

Thank you Jacpin. You’ve cleared this up for me. From what I understood, if I have a leverage of 1:30 with a £2500 balance, it means that the maximum lot size I can trade at any given time is 0.75 lots. So, I need distribute this (0.75) among all my EAs, time frames and currency pairs.

[Ossaio]

Thanks for the detailed answer Jacpin.

Using the example you gave, assuming you trade EURUSD and USDCAD on 2 time frames with the 2 EAs.

Let’s assume all EAs open a trade on each time frame at the same time for both pairs. Does it mean you have 0.1+0.11 lots opened for EURUSD and 0.1+0.11 lots opened for USDCAD. This will give a total of 0.42 lots opened for all Forex EAs at that particular time.

Am I correct with my reasoning? Thanks.

[Ossaio]

Hi Petko,

Thanks for the detailed response. I’m starting out with FSB Pro and will check EA Studio afterwards.

[Ossaio]

Hi Petko,

Which software did you use for the top 10 USDJPY strategy? EA Studio or FSB Pro? Which do you prefer?

It seems most people here use EA Studio. I started out with FSB Pro since the free trial period is very short. I may have to switch then.

[Ossaio]

Hi Petko, I fully understand.

Today I noticed that the demo historical data has increased only for M1 time frame. However, I decided to open a live account, although I have no plans of trading live yet. The live account has bigger historical data. I’ll use them and see how it goes.

For the live account, I have;

M1: 69000 bars; M5: 65000 bars; M15: 44700 bars; M30: 27600 bars; H1:  18900 bars; H4: 14020 bars; D1: 7650 bars

It seems I might work out some strategies with this data volume

[Ossaio]

Thanks Petko. I’ll check the Demo data on EA Studio.

[Ossaio]

Hi Andi,

It is about the same for other currencies and assets. I close the platform everyday and nothing changes. Historical data remains the same. Only current bars are being collected. It seems creating strategies with such small data volume might not be ideal. I’ll see what it can generate while I wait for another 2 months.

[Ossaio]

Hi Petko,

Mine seems much smaller than Chingi’s. My broker is Pepperstone and I’m on a demo account. I set Max bars in history to 10million and Mars bars in chart to 100k. Using GBPJPY as an example, below are the number of historical bars after pressing the home key

M1: 16391 bars,  M5: 8252 bars,  M15: 4160 bars,  M30: 4192 bars,  H1: 4144 bars,   H4: 4204 bars,  D1: 4114 bars,  W1: 1028 bars, MN1: 257 bars.

 

[Ossaio]

Thanks Bob. I didn’t even consider that it can be calculated. I’ll leave mine open for a couple of months then.

[Ossaio]

Thanks Petko for the quick response.

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