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Petko: I have been learning about using EA Studio for generating strategies. Portfolio trading looks to be a great trading procedure. However you do not need to deal with the USA trading limitations of FIFO and no-hedging. I was testing some GBPUSD EA’s and very few could close when they should have because of FIFO requirements. I was wondering if you or some of the students can give me some ideas about how to overcome these limitations in setting up workable strategies.
Hello Donald,
there was written a lot on this forum about the EA hedging trading with the FIFO rule, but I couldn’t find it. There was a thing to be done in order to go around it legally, staying within the rules.
I believe Jacpin was from The States, and she shared there her experience. If she could give you summarised answer here will be nice of her.
Hey Japcin, great to see you share your experience as well.
Donald, as Japcin said, you need to have the EAs trading with different lots.
Also, you can look for bigger diversification with more currency pairs. You can trade as many different assets as you wish. The ea trading with FIFO restriction is about one and the same asset.
Jacpin: Thanks for the information I had not thought of using the strategies this way. I will give it a try.
Jacpin,
I think your system could be used from non US traders like us.
I would like to test trading with bigger lots the EAs that perform better.
Jacpin, I did not understand what exactly you mean? How do you choose which EAs to set with 0.04?
Regards,
Hey Jacpin,
thank you so much for making it clearer. And this is based on the statistic in the live account, right?
So if one strategy gets better than another, you will switch the trading lot? For example, if the second best strategy take first place with best win/loss you will make it with 0.04, and the other one that was with 0.04 so far, you would make it 0.03. I hope I got it now 🙂
Hello Jacpin,
I really like that you have a clear plan and it sounds like you know what you are doing.
My problem is that I can not put the work together. I succeed to create some great EAs with EA Studio and FSB Pro for quite a long time now, but I can not build properly the portfolio. Also, I feel that I am taking a too big risk, and sometimes I get huge drawdowns.
Hey Jacpin,
I am very happy to see your replay. Thank you so so much! You are a very open-minded person, and already you are very skillful.
I am going to use the written as a basic guide because I really really need to organize myself. I have the Optimal Pack from over 4-5 months now, and I know that things will not happen if I do not put some effort into it.
When you say that you do not tolerate more than 20% drawdown in your live account, are you talking about single EA performance or for the whole account?
No one likes losing money 🙂 I already saw that profits are possible with what Petko teaches in the courses, and by having EA Studio and FSB Pro, just I need a strong plan to stick with.
@Jacpin – Greed is exactly what happened to me and why I posted my lessons chat. Account was too small for what I had been testing on demo, knowing the strategy was good I still didn’t listen to my feeling of lowering my leverage and poof 50% drawdown immediately.
Guys, be very strict with risk management. Concentrate on the strategies you create, and push yourself to make them better. Leave the account to go with the flow with small lots. 50% drawdown is really huge!
Hello traders,
We have launched a page with the brokers finally. One of them accepts US clients. This might be useful for everyone who wants to avoid the FIFO rule.
