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Jacpin, so nice of you to share your experience here!
My acceptance criteria on live account are 1.2 profit factor, but I see that you are doing deeper analysis which is more professional.
Hello Jacpin, yes Petko mentions that at one of the recent courses that it is important to place the EA on live when it is on its winning phase. It makes so much sense.
I always feel like: “OK, that’s it! I know what I have to do now!” and then something new comes up, something I did not think about or I missed 🙂
Hey Jacpin,
Nice to see you writing in the Forum, it is great to learn from your experience. I have built a similar system to yours but I want to test well before I share. 🙂
Hello Jacpin, you are right! If we go too cautious, we better stop trading Forex. 🙂
But as Petko says, we should be confident and not brave in trading.
Hello guys,
Quite interesting topic here. The thing is that really everyone is different. Different risk tolerance, different capital to trade, and different targets.
The best is to test it all on a Demo, and see where you will feel comfortable.
Hello,
I am Laila, a new trader to the forum. I want to ask if someone succeeded to get strategies from the generator if using all Acceptance criteria?
Hello Laila,
Welcome to the Forum! If you mean using all Acceptance Criteria at the same time, you won’t probably get any strategies. Normally we use 2 to 5 different criteria and it is already too strict.
Also, it is important to have good Historical data.
Hi Laila,
I use only 2 acceptance criteria at the moment in “training” and OOS. My reactor settings are pretty strict though, i like to see a very strong Monte Carlo. This test for me is the most important. But again this is my personal style. You’ll find what you like to see with time. It’s taken me 4 months of live trading to gain 30% in my account. September of last year is when i finally got serious about developing my strategies the way i’m comfortable. If you see Jac’s criteria he likes to see 70% win ratio, this for me means large stops with tight TP in my experience so far. Not something I’m comfortable with. I’d rather see at least 1-1 ratio between SL and TP, and as long as the win rate is above 40% I’m happy. Give it time, and patience. You’ll want to throw your computer from time to time when you get back to the generators and see nothing in the collection. If I knew what i know now in December 2017, I would have focused on learning my reactor style sooner.
Hello Petko,
After a couple of your courses, I realized that it’s not the idea to use all of them but few. Also, it depends on what value we will set.
I spend reading the forum(great and very positive), watching the courses and practicing. I have a much better idea of how to use the two software.
Hello Roman,
thank you very much for the information and for sharing your experience. I am sure it will take me time, and I am quite serious in trading for the last few years so I hope I will be in tune with the software in the next 1-2 months.
I am just exploring the OOS function(Petko’s videos about it are awesome). It is very hard for me to twist my trading style but I see that this is the right path and I am confidents I am in the right place.
It is very motivating to hear you made this profit. It is a very good profit for 4 months!!! Some professional traders I know, fellows of mine, aim at 20% per year. Of course, they trade with huge accounts.
As soon as I see what works for me, I will share it in details.
Regards,
Laila
Hi Laila,
I began as a manual trader as well, but as Popov once said in a post on the main forum for FSB “This is a different way to trade”. When I first started using the software I rushed into throwing EA’s live without really testing them on demo first. Now i know what to look for in order to do that, but when i started i blew an account just as fast as i funded it. OOS is something I pay Very close attention to, and I keep a little bit of data in my back pocket to truly verify the OOS in EA Studio. I’m currently working on learning FSB so you’ll see me asking a lot of questions in the FSB thread as well. To make that profit I’ve also had to endure two major drawdowns with my errors (i started a thread on this). I rushed strategies onto the live account at full demo size and a single loss on two occasions (the last one was a legit accident due to me being half asleep) put me in a 50% dd the first time, and the second was about 3 weeks ago and it took out all my previous gains and then some. Luckily last week was a REALLY good trading week and i made it all back with some EA’s i had put live on GJ and EU.
In thinking about it, my account would be up around 60% since the beginning of 2019 if not for my last error. Was about to hit the 30% mark before coming home from a 12 hour day and putting a strategy full blast on the account. It’s still a profitable strat, but now it’s at about 3% account risk instead of the “Full Nelly” that took out my previous profits. I’m enjoying algo trading much more than i did as a discretionary trader. I still stalk the markets on the daily like i’m used to, but enjoying my trades getting triggered while chasing people around for my day job lol
Hey Roman, may I ask what was your error you did, because I did not understand, sorry fr that. Just knowing each other mistakes would be so useful. Thanks!
Hola Andi,
I’ve been trading using a smaller live account to really get a grasp on how to track the demo EA’s (and practice doing this consistently every day) then make sure the live account continues to grow. What I ended up doing twice is putting my full demo size on my live account dragging myself into a 50% drawdown the first time. And the second time I had come home from a long day of driving (I’m a territory sales rep) and placed an EA live without adjusting the position size. Erasing all my previous gains of about 32% bringing be back down to break even. This was about a month ago so I’ve just recently recovered it due to having more EA’s on the live account now than I did at that time.
Silly mistakes, but cost a lot of time and aggravation. So had to remind myself to slowdown again.
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