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The newest feature in the Forex trading software EA Studio is the Walk Forward validation.
That feature helps to filter the strategies, and do a better robustness testing before start trading.
We will update the courses with it.
Cheers
Petko,do you use the feature trading portfolio experts? Did you test it, and if yes,how did you create the strategies for it, same as the regular experts?
Hello Traderzonefx,
yes, actually we just launched the new course which is called Trading Portfolio Expert Advisors + 100 Strategies included
In the course I show how exactly I am using the Portfolio trading feature in EA Studio Forex trading software.
Yes, it is just as a regular Expert Advisors, but the difficulty comes when filtering the results and leaving only the strategies that are currently making profits.
In the course I show the 3 methods to filter the strategies and a trick in the code to eliminate the losing ones.
Since I am in USA. Any possibility to update EA studio to support the restrictions we endure here.
I really like the simplistic approach Portfolio EA gives you. Can we add two features to the EA Studio which will allow USA specific strategies to be generated.
1. A Setting to optimize for strategies that will trade in one direction at a time. If one strategy opens a long trade then all subsequent strategies will be forced to only open long trades while that first long trade is open. Vice Versa on short trade.
1a. If creating optimized strategies is to difficult, maybe just adding the logic so that with any strategy if the option for one direction is enabled the EA will only open trades in the direction of the current open trade.
2. FIFO option so that it can automatically be included with EA when it generates the code. This should be able to close all open trades from first to last. I do see possible problems with this when multiple strategies are used in a single EA for profitability.
2.a It would be nice to just have this as an automatic option even if generating individual EA’s.Just these two Features will allow Strategies to be developed for USA brokers. The first one might be a little more complicated to develop but FIFO should not be a hard feature to add.
Thank you for an amazing Solution and the videos you have produced. I especially like your most recent one and your tip for using the Validator for Demo Testing.
Keep up the good job.
Hello,
I am am very glad to hear that you liked the videos and the course. Yes, currently it is a bit of issue trading portfolio of EAs on one currency pair in USA.
1. Actually here you are trying to fir the trading into the FIFO rule which would be very wrong. The idea of trading different strategies in one Portfolio is to diversify the risk. If you have a long entry, and all the rest EAs open long trades because of the first entry, and the price goes down? Obviously there will be a huge loss because all the positions are on the opposite direction.
1a. The Forex Strategy Builder Pro has the option to add to a trade. And that is different. When you use one strategy/expert advisor and it opens trade, with the FSB Pro you can select if you want to add to the position on the next same direction signal. You can add up to 20 times. This is much more applicable because the entries would be from the same strategy, and every next opened trade will confirm the direction. Actually I show that in the Top 5 Forex Strategies course, and 3 of the strategies are with adding option.
2. There is much better solution here, and Forex Software LTD is working on such Forex trading software. Since it is a “know how”, I can not share it before it is released. It will solve the problem, and it will change in total the algorithmic trading. However, I am not sure when it will be ready, not sure if it will be during 2018 at all.
But once it is ready, I will make sure that all my students know about it. because it will be game changing.
The solution at the moment for you is to create different portfolios for the different currency pairs. If you can test them on a Demo account with an international broker, and select only the best 1 performer per currency. After that you can place the selected EAs into live account with local broker. Since they are on different assets, it will not be against the FIFO rule.
Kind regards,
Now I am even more excited please put me on whatever list you need to for when you release the better solution that you can notify me and if you need a beta tester I will be willing to test for you also.
In the mean time I will do my best with what I have to work with now. I saw that feature in the FSB Pro I will use that to build my strategies then. Until I can find a broker that will allow trading with EA Studio robots.
I did have another question. In one of your courses you set the acceptance criteria on the Reactor for min 300 trades. Do you adjust this amount for different time frames and if so can you share those amounts for the different time-frames please.
Thanks
Hello,
For sure, I will let anyone what the new feature/software is available, because it will be useful to everyone, not only the US citizens.
Actually with FSB Pro, you are able to create more professional and complicated EAs.
Make sure to watch the Free videos from the developer of this Forex trading Software:
https://platform.algotradingspace.com/forex-strategy-builder-software/
Also, I have made a long video/article about it sometime ago:
About the min count of trades, it depends on the Historical data you have. The more data, the more min count of trades you can set in the Acceptance criteria.
So if you place 300, and you see that you have many strategies generated, you can stop and set it to 400, and than to 500. Until you find some value in the middle, not to limit the reactor of having no strategies, and in the same time to have enough strategies to work on.
The idea of the min count of trades is that the more we have, the more reliable the becktest is. Obviously we want to trade a strategy that showed profitability over 300-400 consecutive trades, and not over 20-30.
Let me know if there is something else.
Beautiful weekend ahead!
Thank you for the information above. Are the courses on udemy?
Okay I just discovered that Oanda only provides 180 days of historical data. https://www.oanda.com/fx-for-business/historical-rates. There also seems to be a problem with the quality of data from Oanda https://mechanicalforex.com/2015/12/oandas-not-so-good-1m-data-can-you-trust-your-own-brokers-historical-data.html
If I wanted more data I would need to pay $75 per month which I find a little excessive. Is 180 days enough to build strategies?
Can I use something like this rather for historical data http://www.histdata.com/download-free-forex-data/ to create strategies from?
I just need to find another broker I think. Do you have any experience with paxforex.com? I am able to setup an account with them and they support hedging etc.
Thanks for all your help and advice.
Hello,
Yes, we have our courses on Udemy as well, the very same as on our website.
It is the best to have the History data from your broker, and not downloading it from somewhere.
For sure you do not need to pay for History data. Just leave your Meta Trader opened, and with the time it will collect you the data.
You can always save it from your Meta Trader, or if you change computer, you can transfer it. Go to Files-open data folder-history. And you will see the server of your broker. You can save this file from time to time.
Kind regards
Hello,
Yes, we have our courses on Udemy as well, the very same as on our website.
It is the best to have the History data from your broker, and not downloading it from somewhere.
For sure you do not need to pay for History data. Just leave your Meta Trader opened, and with the time it will collect you the data.
You can always save it from your Meta Trader, or if you change computer, you can transfer it. Go to Files-open data folder-history. And you will see the server of your broker. You can save this file from time to time.
Kind regards
Hi Petko,
As the EA Studio app gets updated with new features, do you change the course material? For example, if there is a course that was recorded in 2017, where only the generator was available, may have better settings that can be used now using the reactor and additional acceptance criteria.
In other words, do you still use the same settings on EA Studio for currency pairs that you used 2 or 3 years ago. If you do use new settings, could you maybe add them as a PDF resource on the courses?
Thanks,
Ilan
Hello Ilan,
I make sure to update the courses regularly. I have actually re-recorded completely the 2 oldest courses – The Top 5 Forex EAs, and the Top 10 EURUSD strategies course.
Also, some of the updates don’t change the program, it just improves the traders’ experience. More, there are often updates that we don’t understand about – it is on the backend. For example, there was an update that improved the speed of the generator.
Hi Petko,
Do you perhaps have a document where you have the settings you use in EA Studio for each currency pair – eg. Monte Carlo, Walk Forward, Acceptance criteria for different pairs? I mean, the settings that you have found are best for each pair. In each of your courses I’ve done, I’ve noticed there are some settings that are the same, but others that differ.
Thanks again,
Ilan
Hey Ilan,
honestly, I don’t have such a table. I used to have but I noticed that following the same criteria brings me to similar strategies…something I want to avoid.
So I mix the criteria every time I use the Reactor. This way I see different strategies that increase risk diversification.
Yes, I Stick around 500 counts of trades and 1.2 PF but from there I try to add different robustness tests or additional criteria.
Hi Petko,
I have been creating EAs for multiple currency pairs using the settings you suggested above. I am using both Generator and Reactor.
My
Generator settings are 20% OOS, Net Balance, Working time of 600 minutes. Acceptance criteria Count of trades: 500, profit factor 1.2 and In and Out of Sample set to 1. In the courses you teach 1.1, but it seems the platform now only accepts full digits – i.e. 1, 2, 3, etc.
Reactor settings are Monte Carlo validation, with Count of tests at 20, and Validated tests at 80%.
What I am finding once my EAs have been created and I’ve put them onto a demo account, is that many strategies are similar – they open at the same point, but the TP and SL are slightly higher or lower. Is this normal? You teach that the strategies should be different to achieve different results.
What can I change to achieve this, and would you recommend any different or additional acceptance criteria when creating my EAs, for example minimum R-squared at 70-75%?
Thanks in advance,
Ilan
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