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Just my opinion but running 1 lot on a $1000 account is probably risking a margin call at some stage….. That is on a 1:200 broker I guess if you have 1:400 might be more room to move. I was running this size on demos lately and margin % got down to 300% so a little to low for my liking. Like to keep my margin % at 500% +. I feel more comfortable at .5 per $1000 and that is while I am still on small accounts as they get bigger I would drop that further…..
Yes those are the six that I trade. I am still testing to see weather having the JPY in there is helping or not. I am running some side by side tests over the next month to see if having the JPY helps to smooth the equity curve or not. The EURUSD, GBPUSD, EURGBP is your other option if you want to drop the JPY. I highly recommend to watch as many of Petko’s video’s as possible. Especially the last few……
Just my 2 cents
Maybe the word portfolio is causing confusion. There is the EA portfolio that can only have 1 pair and 1 timeframe and up to 100 strategies and has to be placed on the same pair and timeframe in MT4. And the general use of Portfolio which is the combination of strategies and pairs that ideally give you a diversified and balanced approach.
So if you wanted to balance the pairs you are talking about you might want to consider AUDNZD AUDUSD NZDUSD. Each pair appears twice in this combination and this will help to balance the trades. If one of the pairs has a large move against you the other 2 will help to minimise the damage.
As for timeframes, after watching what Petko does and my own experience M15 and H1 seem to generally produce the better EA,s and possibly M5.
See how you go with the AUD and NZD but they are lightly traded compared to The USD GBP EUR JPY and I found them harder to produce good EA’s although I am sure it can be done…….
Looks interesting. I wonder how often fxblue is taking a snapshot of the price or is it live. Just to ensure it is not missing anything……
Contact address is Kuala Lumpur. So a bit suspect….. If you are after a good Aussie broker I use Pepperstone and Global Prime and have had no issues…..
I like to stick with DMA / ECN brokers that pass the price / spread directly to you. Stay away from market makers. They make money when you lose. DMA / ECN brokers make money from the commissions they charge you. The more you trade the more money they make. They want you to win and stay with them…. I think Alpari went into bankruptcy a few years ago….. So check that out first. I trade with pepperstone and Global Prime and I am located in Australia.
The trades on the live account will be opening / closing at different times compared to the demo. Also the first trade quite often opens when it is beyond it’s optimal opening point as it may open straight away after the account becomes activated. They should fall into sync after a few trades. Check the obvious of course: IE Running on the same time frame etc……
Hey guys…. You guys might want to check out an App that a guy on the other site made. He sells it for $50. It is called MT4 Tracker. Hope it is OK to mention it here. I am not affiliated with him. You DL your account data to it and you can sort the trades by the headers. You can then open another window that will show you the last n trades…. I find it helpful…. Image attached…
It also gives a nice little graph of each strategy.
If you wish you can then select which strategies you want to keep and the app will automatically create the ea for you with the strategies you don’t want “paused” within the ea…..
Yes I think 100 per platform would be the safest. I might run some side by side comparisons and see if I see any discrepancies….
I have 32 demos running from the same broker. This should not be a problem. Rename the terminal.exe to a different name each time. I just number mine. So terminal-1.exe etc…. I also run mine in portable mode so that all the data and program files stay within one folder instead of being split to the roaming folder as windows likes to do. Enter (space)/portable after the execution line in the shortcut and this will keep everything relating to that platform within the one folder. The more terminals you have the more you have to keep them trimmed up (reduce amount of bars , remove historical data etc) or your pc will start to slow down…. BTW 32 mt4’s in total is the maximum amount that the builders of MT4 will allow you to have on 1 PC.
Hi Petko, Thanks for that.
Question for you. What is the max no. of strategies that you allow on each MT4. I currently only run 100 (1 x portfolio). I would like to run 200 – 300 if possible. I am a bit concerned that there might be execution issues with too many trades to open at the same time…. What is the most you have run on 1 platform at a time. Obviously i need to stay within my brokers max open trades per account limit which is 250….
I currently only have about 1000 strategies. But ultimately I want to balance up the portfolio. So say about 15 pairs + gold + oil and maybe 4-5 indexes. So 20+ instruments with say 300 strategies each. For now I’m focusing on forex. How do you follow all those results???? That’s the question alright…. I currently use a combination of FX Blue and MT4 tracker. I find MT4 tracker good as it gives a graphical representation of the trades which is hard to see sometimes with just the stats. It also allows to filter just the last n trades which allows me to see a longer term and short term graph of the trades. I have no affiliation with the program. I have decided to go to the next level with my analysis. I have just hired a programmer to create an end to end system for me. It will send all the demo mt4 data to an Mysql database to sort it. Then to excel where i can set the parameters of the top performing strategies that i want to trade then back to the database to a trade copy program that will send it to a live account. Still in the early stages and a long way to go. For me it’s all about sample size. I want as many strategies as possible to choose from and then narrow it down to the top performers on a short and long term basis. Multiply that over a good number of different assets and hopefully attain a reasonable smooth equity curve with minimal drawdown. I had my first one on one with Petko the other day and it really helped me put the final pieces together. I highly recommend these one on one sessions to anyone who wants to “put it all together”. I realise I still have a way to go…… I have been trading off and on for over 20 years and feel that finally things might be starting to come together with the final piece being the algo trading techniques that Petko teaches here……..
How is your trading going Andi. I followed your posts closely when I first joined up as it looked like you were starting to put it together….
I’m running it on a pretty powerful PC. It had been running for 2 days to get those numbers. But yes it is probably too many to run. I’m just experimenting at the moment to see what the limits are…..
I’ll put that on the list of things to go over when we catch up tomorrow…..Cheers…..
