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Hey Roman,
did you use EAs without SL? If you did, you need to keep in mind that those trades might last for longer. If you want to have faster trading, look for strategies with smaller TP and SL.
I prefer to use small values for SL and TP. This way trades close faster and I feel that I control more the account. If I need to pause the trading or change some EA, I do not need to wait long time for opened trades to close.
Hey Andi,
you are right, the smaller Sl and TP you have, the more orders you will have. Simply, each trade will be opened for a shorter period of time.
Hi Desita,
I think Petko was just explaining how to get more active EAs. It is up to you, also, trust in the generator, if it shows you strategies that are with small SL and TP with your historical data, than it might be better.
keep in mind that the more active the EAs are, the more spread you will give the broker
it is good to diversify the risk, have active EAs and have some with bigger SL and TP
Hi Desita,
yes, Thapelo, gave you the answer, I was explaining how to get to more active EAs.
I agree that you should trust the generator of EA Studio to find better strategies for you.
For example, if you run a generator with a smaller range of SL and TP, and at the same time run a generator with a wider range, you can compare easily which strategies are with better backtest output.
Cheers,
Petko, thank you for making this clear. What I normally do is to follow your diversification methods from the different courses.
When I run the generators I mix the ranges for the SL and TP. Sometimes I choose from 10 to 100 for both, sometimes I set SL from 10 to 50, and TP from 50 to 100, and sometimes the opposite way. This way all my strategies are with different ranges.
Hey Desita,
this is very good. One tip here: Do this on same pairs. What I mean is to run different generators with different ranges for SL and TP only for EURUSD, for example. And the same way after that for the other currency pairs.
Hey Petko,
that sounds like a really good idea. I did not think about that. It is amazing how many different ways there are to diversify the generation process.
Thnaks!
Thank you, Petko!
I will give it a try. In fact, I always run with the same ranges and maybe if I make it bigger or just different I might get better Expert Advisors.
Hello Desita,
Glad to hear from you. Simply, when you find your way in trading with the Expert Advisors, always know that there is a better way that you need to look for. Even with the SL and TP, if you have found your range which works well, separately test and look for the better range that will work even better. Hope you get my point.
Cheers,
@Roman Are you using a Canadian broker or ?
Hey Petko, what you say is very very wise! I realize that I am looking for the EAs that I will trade with constantly. I set up my account and just wait for the results. After a few weeks, I realize that the EAs could have been better. And I start work on them again. Happened to me already a few times.
I will try to follow your advice and keep working on the portfolio constantly. I see that it could be always better and better and I should not lose time to wait for results…
Hi Tom,
I was the same at the beginning but soon realized that if I want to make the trading as a full-time job I do need to spend the day on it. The courses from Petko bring so much information that you can work with months on what he teaches. Also, when you get deeper into the strategy builders you will find many new ways for generating EAs that fit your trading.
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