- This topic has 1,069 replies, 228 voices, and was last updated 3 weeks, 6 days ago by
.
-
Posts
-
Hi Olivier,
Yes you can use the same EAs on multiple accounts.
You can also manually trade the same account and it will not affect the robot.Alan,
In my strategy to passing the FTMO challenge I use Petko’s robots and robots I create. I also use 10K challenges. I will start a new challenge every two weeks. There are periods when the markets trend upward, move sideways, and trend downwards. By opening a new challenge every few weeks I spread the risk caused by these different market conditions. Also, if I fail a challenge the replacement cost is not so high. Right now I have six 10K challenges running all with different strategies. This spreads the risk. I also test the EAs using a live 10K challenge for one month using small lot sizes so as not blow the account. During a typical month the market will go through periods of drawdowns. Testing for one month then allows to determine maximum account drawdown. I then increase the lot size for the account to a more appropriate size based upon the drawdown during the test to complete the challenge. My trading strategy is not to try and complete the challenge quickly but to control risk.
Some Observations:
I tested FTMO v4.1 in a demo account where I had to restart it every 14 days. It took 3 months to pass the challenge. I then moved it to a 10K challenge but it is currently going through a drawdown period.
I currently have v4.3 in two challenges. One challenge uses all the EAs and the other challenge uses the top 3. What I am currently observing is that the challenge with all the EAs is doing better than the challenge with the top 3. I find that interesting.
I also started v5.0 this week. One 10K challenge has all 8 EAs running with a small loss for the week. A second 10K challenge with the Top 3 EAs has a small profit for the week.
I also have my own portfolio of 10 EAs trading in a challenge that is up 2% for the month.
Alan,
I don’t have sufficient real time trading results with my FTMO account to determine top performers. All I can go on is backtesting the v5 EAs using EA Studio.
There are only two top performers over the last 1 month, they are USDCHF and AUDUSD. These two EAs have upward sloping balance lines with pullbacks less than 1%. Trading for these two EAs were typically flat over the last one week. Typically after a period of trading flat trading can go in either direction in the future. Typically what you need to do is to monitor these two EAs to see which direction they start to trade in and then make trading decisions on those initial movements.
Over the last one week there were two EAs that had the deepest pullbacks of approximately 1.5%, they are EURUSD and GBPAUD. Typically after a large pullback or drawdown, same thing, trading starts to resume in the direction it was trading before the pullback started. What is unknown is if the pullback is now complete. With a pullback of 1.5% my guess is that it is close to being complete. Again, what needs to happen is to watch these two EAs to see if they start to make profitable trades again and then start trading them.
Having said all of this I don’t worry about what will happen over the short term such as one week as EAs will either be profitable, flat, or in drawdown. What the EAs do over the short term is unknown! What I look for is the longer term performance knowing that over the short term the EAs will either be profitable, flat or in drawdowns. I am interested in being profitable over the next several months and longer.
This is what I am interested in:
*This chart is from my own portfolio of 10 EAs.
Notice the periods in which this balance line moved higher (profits), moved sideways (flat), and moved downward (pullback or drawdown)? However, over the longer term the balance line moves upward indicating long term profits. In this case it shows approximately a 12% profit in just over one month. This is what I look for is a nice upward profitable balance line over the long term. Keeping your eye on the short term is fruitless, in my opinion.
Keep in mind there are no absolutes, only possibilities in trading.
Hope this helps!
Alan,
HELLO EVERYONE. IM JUST WONDERING IF IS GOOD OR NOT TO RUN THE 8 ROBOTS AT SAME TIME TO START A 10K CHALLENGE. IM SCARED THAT MORE THAN ONE LOSE AND ACHIEVE THE DAILY DRAWDOWN. MAYBE THE EXPERIENCE OF SOMEONE ELSE CAN HELP ME
Hello all
I asked this in another thread, but wanted to get the groups feedback. I have not moved any EA onto my live account. Been running on a test account for two weeks now. The EA’s started off performing great, but they have not been doing so great the past week. I am now unsure which one to use. For those running on version 5, what does your reults say, here is mine:
I have tested running 7 robots (except gold) on a demo account for 2 weeks with losing results.
However if I selected the 3 best pairs it give positive returns.I recommend to run them on demo first and test for yourself.
Run all 8 for two weeks. Then pick the top three most profitable. That is the process basically. Petko mentioned he now runs them on a three day period then picks the best ones. I do not see this working simply because the EA’s do not open a lot of trades. Either way. Activate all eight on your TEST account, NOT live account. Then pick the top ones for Live account.
Ok and once you select three pair what is the surety they will work next week? So its mean we have to keep running 8 pairs forever on demo and keep switching according to the market situation. Thats my opinion. Appreciate if someone can correct me
Your results show that AUDCHF made the most profit but only with 1 trade. So you might want to give it a bit more time.
Also, the AUDUSD performed well with 4 trades.
Remember that these EAs are based on non-martingale systems, so there will always be stagnation periods.
As I’ve mentioned in another thread, if the EAs are in a losing phase, I don’t put anything on the challenges but wait for the next profitable run.
Cheers,
Hey Alan
Thanks for this, seems like a solid strategy. Unfortunately, I do not have the money to open a new 10K account every two weeks. Have yet to pass one challenge and hopefully build from there.
I have my own strategy which I trade manually. But it is a VERY slow process. That is why I bought this FTMO EA. I was hoping it would help me achieve success a bit faster.
Unfortunately to date, this has not been the the case. I have been running the EA’s on a test account for two weeks, no clear winner except maybe AUDUSD, which I have enabled on my live 10K account with ZERO trades opened to date.
I have to be honest, been burned so many times, especially in the EA space, HUGE promises, and then you buy the EA, then basically nothing happens or there’s excuses. It is sort of beginning to feel like that here now as well.
I think it would make quite a bit of sense for Petko and team to update us weekly on which EA’s to use, which ones are best performing currently. Not everybody can afford a VPN running and testing all the time. MANY of us here are beginners taking on our first challenges, that’s why we are here…but alas. Not a positive experience to this point for me.
Hey Nicholas,
I understand your concerns completely. But, the market determines the results. Some weeks are incredible, with massive gains. Others, are very slow. The key is constancy. Keep the EAs on a demo account, Monitor their performance and move the best performer/s to your challenge account. The reason we, as the team at EA Trading Academy, don’t simply publish the best performers, is because the broker and trading conditions play a big factor. We may have better results with one EA than another, but that doesn’t mean the results would be the same with another broker.
I know you’ve been running the EAs for 2 weeks, and this seems like a long time, but really, it’s not. That’s the reason most prop firms have removed the time limit. It can be almost impossible passing in just 30 days, while still adhering to all the rules. Be patient. Follow the strategy. Don’t take unnecessary risks. Trade only EAs that have performed well. If none have in that week, don’t trade any. You will be successful. If this was easy, everyone would pass easily.
Good luck,
Ilan
- You must be logged in to reply to this topic.