Hi Everyone, I would like to help people become profitable or more profitable using the Top 10 App and Prop Firm Robots App. Please see my videos on the EA Trading Academy Youtube Channel along with my recent summary topic of many of the prop challenges I have passed using EA Studio.
The approach I would like to propose is different to the typical selection of EAs and trading them for a set period of time (I.e. trading for the week and then changing).
What I am going to propose will be built upon over coming months as there are a few nuances with risk setting etc but it will be very simple and I would encourage anyone to share their results using this method and ask questions.
The basic principle to what I am recommending in a nutshell is this:
1 – Place a selection criteria that increases the chances of selecting the most robust EAS that have a chance of surviving in the markets over the longterm
2 – Trading these EAs until they breach past performance statistics (I.e. They no longer perform as expected from past results)
This is an alternative to the typical used approach which is:
1 – Try to select the robots that are working well most recently (i.e appear to be working well in current conditions)
2 – Trade these for a fixed period of time
Both approaches are valid, however I want to offer an alternative that may be preferred by many users. OR you may just be getting started and want to test both approaches at the same time to find what you like best.