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What about other pairs and timeframes?
Each of my 10 MT4 accounts are funded with $400.00. Margin required is $200.00. As you can see I cannot have more than one asset in each MT4 account. My original plan was to diversify EURUSD with 10 different strategies which would be a balanced portfolio as far as I understand. I suppose I could add some H1 assets to this mix.
Another strategy might be to use EURUSD, GBPUSD, USDJPY, EURJPY, EURGBP, GBPJPY, USDNZD, EURNZD, GBPNZD, NZDJPY which would be an underbalanced portfolio by one USD asset which might not be objectionable. I could try this in the future once I have collected sufficient strategies for all these assets or I could use Petko’s pool of strategies.
What do you think?
Regarding the slight out of balance in terms of USD is not a problem at all in my opinion with all those suggested pairs.
I think stick with what has been working, and experiment with small changes at a time rather than a large overhaul.
Yes 10 different strategies on EURUSD can be a balanced portfolio. I would prefer they were spread over different periods though. 2-3 for M15, M30,H1 and H4 would be better.
Yeah I’d think once you have enough on EURUSD move to different pairs. 1000 is more than enough in your pool for any single pair and timeframe though.
After running EA Studio for a few weeks and finding some great strategies, I put them on a demo account.
However, I found that all the brokers I have tried drastically increase the spreads over the London open, which is where most of the EA Studio strategies make all their profits.
For example, the normal spread for AUDNZD is 54 pips, but between 23:30-1:15 (UTC+3), the spreads go as high as 400 pips. This is true for all symbols.
All of the profitable strategies that I have found with EA Studio have one thing in common: they make all their profit by opening trades at 0:00, which is where the spreads are the highest. I live in the USA, so as far as I know, I can only trade with these brokers:
1. Trading.com
2. IG Markets
3. Forex.com
4. Oanda.
I have tested all these brokers, and they have the same results regarding raising the spreads over the London open.
I have tried adding the Entry Time and Exit Time Indicators to the preset Indicators list in EA Studio and set them to only trade from 2:00-23:00. However, EA Studio cannot find any strategies even if I let it run for 15 hours with 8 different symbols.
I aim to find 10 or more profitable and robust strategies to run them on prop firm accounts.
Please let me know if I am missing something and what you recommend I do.
This image is MT4 Strategy Tester backtest of EA created by EA Studio. Broker is Oanda MT4 demo account($10,000). Profit is $3822 over last 12 months.
Paste your EA source code and I will take a look at it.
Hi Jaylon,
You correct in changing your EA studio settings to avoid this high spread. I remember having a similar issue a long time ago.
If you are no longer collecting strategies then this is to do with your settings.
I would suggest initially running just the generator with no validation and relax your acceptance criteria gradually until you are collecting say 20-50 strategies over 24hrs. Then Filter these in the collection tab and save the collection and run through validator with robustness settings.
This way you will get a feel for what settings are most appropriate.
If you post your generator settings and acceptance criteria I can review and advise better.
Cheers
FTMO data is now available on EA Studio and goes back to 2015. This makes it easy to backtest Petko’s FTMO EA’s using EA Studio, the best backtestor on the market!
Alan,
Hello Alan, great to have a prop funding firm data on EAStudio!
Suggestion: an additional entry rule I would find really useful is the “Entry WeekDay”.
Many times, using the “Entry Time” is not enough:
Thanks and regards
Hi Angelo,
With EA Studio you can create strategies that have more balanced profit and loss throughout the week than the one you are showing.
Example:
Alan,
sure Alan, but it’s “realistic” or too much overfitting to obtain a 100% win rate with a HIGH SL and a strict TP (around 11:1 SL_TP ratio in this case)? How could this kind of ea will perform in coming days weeks? Is better to always test every EA on demo account, or the exclude in advance the overfitted ones?
Thank you!
Hello everyone
I want to Take advantage of everyone’s experience here to create good strategies that keep profitable with changes in the market.
Thanks
Hi Ahmed,
I am happy to hear you are looking to create profitable Expert Advisors! Can you share with us how you are creating your Expert Advisors like what settings, etc you are using in EA Studio? Others who are using EA Studio would be interested in how you are creating your Expert Advisors and can be beneficial for their success as well.
Alan,
I’m not happy with the results yet, but these are my settings I want to know where my mistakes are. https://drive.google.com/file/d/1cZjMvYZLJDRg-MhJL4YXJlhbof4nrwzV/view?usp=drivesdk
PETKO, I did on your EA studio generator one EA with good results ($2.00 dollars as a daily profit) and compile it on Metaeditor 5 and all was ok, but the report shows that the better trading are on Monday and Tuesday, both days on 6:00 to 8:00, 15:00 to 17:00 and 19:00 to 21:00, using ChatGPT I can changed the day and hours and did not have a compilation’s errors on Metaeditor 5, but I DON’T KNOW if it could affect the EA performance. I am testing it and implemented on my demo account. What do you think about that?
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