How to Select EA’s to Use?

[suraj.bhawan]

<p style=”text-align: left;”>Yes, ideally I want to see how the strategies would perform in recent times. The ones that perform well I’d take to my live account.
The idea here was to initially try this method of application on a small account, if the method proves successful eventually apply in on a proper account.</p>
Another thought that came to mind was that, once a week, use forward walk to optimise the strategies in action, more replicating the idea of continuous forward walk optimisation. Although I know you prefer not to touch what’s working well.

[suraj.bhawan]

The intervals of optimisation could be done once a week.

[Petko Aleksandrov]

Hey Suraj,

What Andi says is right. If you use my EAs on your broker’s data, just check if they do well. After that place them on a Demo and see which are the top performers. The OOS is useful when we generate new EAs.

Walk forward is a fantastic robustness tool but again when generating the EAs.

Simply, when you have ready EAs, all you need to do is to test them and decide which ones to place on a live account.

[suraj.bhawan]

I was looking at the EAs on EA Studio and noticed that there is a vast difference in performance from the MT4 Demo data and my broker data

 

Stategies that are profitable over a period are actually loss making on the same period with broker.

 

Wouldn’t optimisation using broker data make those strategies a better fit. I understand that OSS and Forward Walk are best used when generating own EA’s.

[Petko Aleksandrov]

Hey Suraj,

yes, it could be a difference with the broker’s data. That is why there is the option in EA Studio to import your own data because the brokers offer a way to different quotes, which results in different Historical data.

I would suggest you generate EAs with your own data, instead of optimizing the EAs.

Also, you can use the Historical data from the Free App which we have on the website, and there is a video in there where I explain how to fit that data for your broker.

Cheers,

[suraj.bhawan]

Hi,

 

I just had an idea that I wanted to run by you. Since I am using the EA’s generated by you, would it be a good idea to keep changing the portfolio based on the best performing EA in the previous week. For example, all th EA’s are first taken to the demo. Every Saturday, the best performing EA’s are taken to the live account, the same process is repeated in the following week. If 1 week is a short period the same concept could be applied either every two weeks or monthly.

 

[Petko Aleksandrov]

Hey Suraj,

I think one week would be great to use.

Just test it is first on two demo accounts simulating one is a real account.

Do not hurry risking on a live account before you found the right period and method of testing.

[John]

Hi Everyone,

I currently trade 5 EAs in my live account and I replace the losers with good performing ones from my demo account. The problem is nearly all of them either start losing at the same time or the one that I replaced starts winning in the demo account but whatever I moved to my live account starts losing. I’m only trading with USD/CHF but my EAs use different timeframes and were generated with different acceptance criteria. If I’m only trading one currency, how many EAs would you all recommend to have on my live account so that I have a good amount of diversity?

Thanks,

John

 

[Petko Aleksandrov]

Hey John,

Welcome to the Forum. I would suggest you trade at least 3 currency pairs. And why USDCHF exactly?

What is your rule to move the EAs from Demo to Live and from Live back to Demo?

Most importantly did you check if you have the same results on Demo and Live? When you place one EA in the live account, do you keep trading it in the Demo, and do you see the same results? Do the trades match?

Let me know so I can give you some tips.

[mgunton2]

Petko,

I’m using Dukascopy and I’m not seeing a 100% match with the trades in the demo and live account.

The demo account is now unlimited as they’ve set that up for me.

I had quite stringent parameters and I’m still not seeing the results correlating…..too such an extent that either the markets are completely bonkers at the moment or more likely …. there’s something not quite right here…

I’d be grateful for some assistance here as the way this is going…even trading 0.01 lots…even trading gbp/usd, eur/usd & gold….I’ve only had 1 winning day and losing days since I started last week….

I just don’t see the point in spending ages testing on demo, get comfortable and then the moment real money is used it doesn’t match and you lose money!

Casing point….I have the same EA running on demo and live….it’s got a buy trade open in the demo (in profit) and a sell trade open in the live account (typically in loss!)….how can this happen if they are supposed to be identical???

Please help!

 

[Petko Aleksandrov]

Hello there!

Most probably the difference comes because you have placed the EAs at a different time.

I guess what you did is to place the EAs on a Demo to test and then you placed the winners on live?

Now, when you place EA in the Demo it starts opening trades. When you put it on a Live, it starts scanning for new signals. But during this time you might have a trade opening in the Demo. And in the live it will open a different trade. It could be with a different direction.

It depends on the strategy but sometimes it might take more than a week or the Demo and the Live to match the trades.

Cheers.

[John]

Hi Petko,

Sorry for the late reply, I have been really busy. Eventually I want to trade more currencies but I wanted to start generating a lot of strategies for one pair first. I chose USDCHF because I’ve manually traded it in the past and I’m a little more familiar with the pair.

Between my demo and live account, the results are close but not exact. It might be different because I have the demo account on a separate VPS which I’ve had about a month longer than my live account.

The way I have my accounts set up is I have a few identical portfolio EAs on both accounts. The EAs on the live account have all the exit and entry signals commented out except for the top 5 performing ones. I keep track of the accounts using FX Blue and when a strategy goes below 1.5 profit factor with at least 5 trades, I usually disable it on the live account and enable another one based on what is doing well on my demo account.

I’d be really grateful for any tips that can help me improve my routine. Also, what other currencies would you recommend to start trading with? I’ve had luck with EURUSD before the pandemic but sometime around March, all my EURUSD EAs quickly became unprofitable and I haven’t really tried trading that pair since then.

Thank you,

John

[Petko Aleksandrov]

Hey John,

I think you already have a good routine.

I wouldn’t focus on one currency pair because it brings a higher risk. For example, you can EURGBP. This way you will have 4 different currencies – USD, CHF, EUR, GBP.

It is important to keep equal exposure. So if you trade USDCHF, EURUSD, and GBPUSD, you will have a higher exposure on USD.

Now, if you want you can stick to USDCHF, but then I would suggest you look for risk diversification in different time frames. Try to create EAs for all time frames. Test them and see which time frame would work best for you.

Cheers,

[John]

Hey Petko,

Thanks so much for the reply. I’ll make sure to pick up some more currency pairs and try to balance my exposure a bit.

Regards,

John

[autobetting]

Hi,

i somewhere read that there are packages with EA’s , Petko does use and change every Time its needed. Can you let me know which courses these are. I cant find them. Are there some for Forex and some for Crypto ?

[Author]

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