How to Select EA’s to Use?

[Alan Northam]

I have taken all 50 EA’s and ran the strategy tester on them in my MT4 demo account.  The attached spreadsheet shows the results.  I need to trim this list down to 10 EA’s.  The question I have is should I use the ones with the greater Profit Factor, number of trades or net profit?

I am setting up 10 live accounts with my Oanda broker and will fund each account with $200.00.  I may need to adjust Lot size based upon margin requirements.  At the end of each month I plan on reviewing the results.  Each account will contain one EURUSD EA to avoid the FIFO rule in the United States.  I will then create a Portfolio in FXBlue to combine these 10 live accounts together so I can analyze them all as one account.

Any thoughts?https://mail.google.com/mail/u/0?ui=2&ik=35a9228e50&attid=0.1&permmsgid=msg-a:r2052848867234272008&th=181a628e862b6822&view=att&disp=safe&realattid=f_l4x0302a0

[Petko Aleksandrov]

Hello Petko,

I have a quick question here about the best forex robot that you are explaining in the Top 10 EURUSD Forex strategies course. Is the idea to find among the ten, the best forex robot and to keep trading it at all times? If so, how can I actually understand which one it is? I mean when I placed the EAs on Demo and connected with the FX blues, I see that the one on the top is changing all the time.

What I was thinking to do, so I can fin the best forex robot, is to keep a statistic, which one stayed the longest on the top. So for example, if robot A goes up and stays there for 5 days, than B stays there for 2 days, than A stays another 4 days, and so on? Do you think that is correct or not? If so, then for how long time should I do that, to make it sure I selected the best forex robot among the 10.

Anyway, I will really appreciate your opinion about it, because I have been struggling for a while to fine my best forex robot.

Thanks for all that you share in your courses!

Sincerely yours,
Thapelo

[Petko Aleksandrov]

Dear Thapelo,
Glad to hear from you. Actually the idea of trading the best forex robot is different.

After you place the EAs on a Demo account and connect it with the FXBLue website, you need to open another Demo account(which after that will be the live account). What you need to do is to move to the second account the best forex robot with the first statistics you have ready. After that when any other takes its place, you need to replace the one that you have out in the second account. Just remove it.

This way, you will always keep the best forex robot into the second account. So it is not about having one permanent best forex robot to trade, but to KEEP the best one always into the second account.

Also, you can do the very same thing for the Top 3, Top 5.it is your choice.

Hope it is clear

Regards,

[Petko Aleksandrov]

Thank you so much Petko. This makes more sense to me! I will try to do that and come abck with any questions.

[Iohan Dive]

Hello Petko,

I am new in the forum of the academy and I see many topics and questions here from your students and you explain everything in details. I am new also to the trading and I want to ask you which course should I would start with? I want to trade with Expert Advisors, but how to find the best Expert Advisor? i will exprect your answer!

Best Regrads!

[Petko Aleksandrov]

Dear Van,
Glad to hear from you, and welcome to the forum and the Academy.
We have many courses, it depends on what will fit you. Tomorrow we will launch the first basic course. So far we have only advanced courses, but since many students asked us for a basic course, we decided to do it. It is called Basic cryptocurrency trading course – A to Z. It this course, I go from the basics to the advanced algorithmic trading. As well there you will find the answer about the best Forex Expert Advisor, and how to look for it.
Anyway, we have some more algorithmic trading courses. You can have a look at the Top 5 Forex Strategies, where each strategy is automated as a Forex Expert Advisor.
Also, in Top 10 EURUSD Forex strategies course, you can look for the best Forex expert Advisor, by trading the 10 EAs in one account and select the best performer.
We have as well two great courses for Bitcoin and Ethereum, where I have decided to put 99 Expert Advisors, and more, I update every month with new 99 EAs. There you will have much bigger chance to find the best Expert Advisor for you.
Regards

[Petko Aleksandrov]

No warries Thapelo. Let me know if you have any qestions or hard time finding your best forex robot.

[Petko Aleksandrov]

I have taken advantage of your summer sale, and took the courses. Thanks for the explanations and the support you do, it is very helpful all!

[Petko Aleksandrov]

Anyone has traded the gold with EAs? I tried to generate strategies and look for the best strategy, but it seems that Forex is easier. I think it will be hard for me to find the best forex robot there, just because it is not FOrex, but gold 🙂

[Petko Aleksandrov]

Glad to hear from you Stephen! Let us know if you have questions about the course or any Forex Expert Advisor

[Petko Aleksandrov]

Dear Lim,
Glad to hear from you. Yes we have tried during th years many things but we stick to the Forex, and recently to the cryptocurrencies.
Much easier to findd the best Forex robot because it is ok to trade even 99 EAs(as I show in one of the courses) in one trading account.
We follow the performance on Demo account and after that we place the best Forex robot on a live, and by the best, I mean the one that is currently making profits.

[Petko Aleksandrov]

Best Expert Advisors in time? This morning I was wondering this question.

Should we focus on the best Expert Advisors that we find during the current month, put a higher lot and use them for short period of time, or should we focus on the best Expert Advisors that we find in the longer term, even not making such great profits?

Everyone looks for the best Expert Advisors that will run a long time in the account and will trade with profits, but so far I found only a couple that went profitable over 4-5 months. Of course with the time I will find more and will have a stable portfolio I am looking for.

The point is that when we are changing monthly the EAs, we use the best Expert Advisors at the moment, as Petko teaches, and that brings me personally more pips.

Would be happy to know what others think about this.

[Petko Aleksandrov]

Hey Andi,

this is a question that every algorithmic trader starts to ask himself at one time, especially after some experience is there. You are there now 🙂

The best is to combine the two. It is good if you have EAs that perform well for a longer time, and at the same time, you need the EAs that might bring you quick profits in the short term.

As Jacpin says, as far as it is within your rules, keep trading with it. And during this time look for the EAs that you create or you take from me. You do not know which one of those will remain profitable for a long time, so this is the only way to find those best Expert Advisors.

[suraj.bhawan]

I’ve taken the following courses:

1. Forward Walk Optimiztion

2. Forex Strategy Course: 12 EA’s

3. Forex Trading Strategies from a Professional Trader: 5 EA’s

4. Automated Forex Trading Course: 99 EA’s

I was considering running the EA’s we receive from above in the validator with my brokers data, under acceptance criteria out of sample (20% OSS) minimum profit factor of 1.1

Using the out of sample profit factor would act like it was a strategy run on demo.

For robutsness I would select Monte Carlo, count tests 20-30 with validated tests at 80%.

Thoughts on above?

 

 

 

 

 

[Petko Aleksandrov]

Not a bad idea. I would only remove the OOS because these are ready strategies. You just want to see how they performed with your broker right? So you would like to see especially in recent months.

If you are generating EAs, then yes, OOS is awesome.

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