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Hello everybody!
I have some questions which make me restless.
When we make portfolio EAs, original magic numbers are replaced with new, base magic number + serial numbers. How to know which original magic number is behind new number? I can not check “bad” EA in Top 10 App to see its performance …
Regarding to first question, I have issue with XAGUSDs. They made several times bigger SL/TP then other instruments. I do not know which EA make a problem and why.
And, I still waiting for answer at forum/ready-to-use-robots/top-10-eas/ Properties & Settings
All best,
Zoran
Hi Zoran,
The beauty of having a portfolio of EAs’ is when a few of the EAs’ are losing the other EAs’ in the portfolio will most likely be profitable and thus compensating for the losing EAs’ to keep the overall portfolio profitable. Further, the EAs’ in the portfolio that are currently losing will most likely be profitable in the days and weeks ahead and some of the EA’s that are profitable today may be losers in the weeks ahead. Basically, the EAs’ in a portfolio will move up and down in profitability in the weeks ahead while the portfolio as a whole will remain profitable. In my opinion the only time a portfolio should be modified i.e. removing an EA from it would be if the portfolio as a whole is underperforming your expectations or is losing. Bottom line, the purpose of using a portfolio of EAs’ is not to look at the performance of the individual EAs’ within the portfolio, but look at the portfolio as a whole.
To answer your question as to how to know which EAs’ in a portfolio are losing the easiest way to do that is to keep a list of the EAs’ Symbol and magic numbers in a text file. Then in the days and weeks ahead you can look them up in the Prop Firm or Top10 apps and see how they are currently performing. Doing this you can identify which EAs’ are losing. You could then recreate your portfolio eliminating the losing EAs’ and maybe replacing them with the current top performers.
I believe the other part of your question has to do with the profit of XAGUSD being much larger than the other EA’s. This indicates XAGUSD is having a major influence in the overall profit of your account. To reduce this influence you can reduce the lot size. It looks like XAGUSDs’ profit is about three times that of the other EAs’ so you could reduce the lot size of XAGUSDs’ portfolio to 0.01 lot.
Alan,
Thank you Alan to reach me out.
Yes, that was exactly what I was thinking about, to replace “bad” EA with new, promising one and recreate new, better portfolio where EAs rowing in same direction. Making a text file is make sense IF the order of picking them determine new magic number. First picked will have serial number 000, second 001, third 002 etc. Is that the case? Or labeling serial numbers has some other logic?
Stay sharp,
Zoran
Hi Zoran,
First of all not all the EAs’ in a portfolio will always row in the same direction as they all have different strategies. Some will move in an upward direction, some may move sideways, and some may drawdown all at the same time. Theoretically, this is why you put all the EAs’ in a portfolio so the EAs’ will compensate for each other keeping the overall portfolio profitable. When putting EAs’ in a portfolio you should look at the profit and loss of the portfolio and not the individual EAs’ making up the portfolio.
Secondly, you cannot count on the first EA added to the portfolio as being serial number 000, nor can you count on the second EA added to the portfolio as being serial number 001, etc.
Alan,
Hello!
I wanted to start a thread about your thoughts on this strategy I’m currently using with the Top 10 EAs. I’ve been testing and refining it for a short period ( only two or three weeks so far).
Below are high-level bullet points – I wanted to keep this original post short and high-level.
Your thoughts, comments, questions, suggestions, and concerns are all appreciated, as I’ll use these to keep refining the strategy.
Thank you!
Strategy:
- I download all the EAs from each pair, besides Silver, into their respective Portfolio EA
- I add them into an MT account with 0.01, except ETH, which I set to 0.05
- I’ll spread this task out at different times, three or sometimes four times a day, and let them run.
My Thought Process:
- These EAs have been rigorously back-tested, Monte Carlo, and essentially forwarded tested. In the long run, over thousands of trades, they should produce more profits than losses.
- By adding more strategies that make it to the Top 10, the Overall Portfolio becomes more diverse and balanced.
- EAs that continue to stay in the Top 10 will have higher weights within my Overall Portfolio.
- Spreading out when the Portfolio EAs are added diversifies the Overall Portfolio, as even if I add the same strategy, they can potentially take different trades, as strategies can be locked out from entering new trades for up to weeks if they currently have a trade open.
Goals:
- A balanced Overall Portfolio, with a graph moving smoothly to the top right.
- As the Topic Title suggests, I want to get to 10,000 closed trades a day.
The screenshot below of my MyFXBook’s Overall Portfolio for this week is attached, which includes just over 1500 closed trades across 9 pairs, different strategies within each Portfolio EA, starting at different times. This is across 14 different MT accounts, as you can imagine adding 9 Portfolio EAs several times a day includes opening a good amount of charts daily and it can take up space, hence why I’m currently using 14 different MT accounts. It’s taken at 11:30pm NY Time – That’s a few hours over 2 FX trading days:
It’s the 1st of Nov, where I’m currently (Japan), and I’m thinking of posting results periodically for this month, as I’m pretty sure I’ll hit my goal of 10,000 closed trades in a day, as yesterday I did about 4,000 closed trades.
Yesterday was relatively volatile, with my Overall Daily Portfolio as low as -$2,500. The main culprits were the JPY and GBP pairs. BTC and Gold stepped up to balance this out a bit and ended the day with roughly -$1000; even with a diverse set of trades, it won’t be in a straight line.
I’ve considered giving more weight to specific pairs to try to curtail the volatility within the Overall Portfolio, but I’m not sure if that’s possible in the long term. If someone could chime in on that, I would appreciate it.
Below are the results of over 5,000 trades from the Top 10 App, using the strategy in the Original Post. Your thoughts, comments, questions, suggestions, and concerns are all appreciated, as I’ll use these to keep refining the strategy.
I ended the week with +$1600 on just over 8,000 closed trades.
What I’ve started to notice is that even though strategies begin trades at different times and on different days, when they all close at the same time, due to having all the same exit criteria or if the market moves heavily within a pair, strategies begin to open trades at the same time.
So, rather than a single strategy opening 0.01 lots on different days and times, the same strategy will begin opening trades simultaneously across Portfolio EAs and across various accounts, effectively having many 0.01 lots opening simultaneously for a pair. This creates more significant swings than I would like. To try and smooth this back out, I will utilize the New Filter and add random times to each chart, creating windows when the specific chart can open trades.
We’ll see how next week goes. Hopefully, you don’t mind me using this thread as a personal journal… Your thoughts, comments, questions, suggestions, and concerns are all appreciated, as I’ll use these to keep refining the strategy.
I run the top 3 Gold EAs with the risks as you have set. Max loss per trade is 2%, if all trades loss I’ll have a max loss of 6% for the three open EAs. I calculate the lot size based on the EA stoploss at 2% loss. It should be noted that most often only one out of the three will lose, and often it is less than the SL as there are trailing stops. So far in November, I’ve had one 6% DD, and I’m up 17%.
I am really disappointed that this forum is so “dead” here… Does anyone really have success with the FX-Robots from the Top 10 App, and if yes with what approach/strategy???
I bought it about 2 weeks ago and I am trying various options (like put all EAs in one account, add new ones regularly, track the performance, use only the best ones for another account or use the Top 5 from 1M and change it regularly or use only EAs that are Top 5 both in 1Y and 1M, etc.), but to be honest every strategy so far is negative, with way more losers than winners…
Maybe 2 weeks indeed is too short, but should there not be any improvement in performance I guess I will use the 30-days money-back-guarantee, as the promise is that these EAs are profitable…
Yea, it would be nice to see some more participation here. I’ve been here since the end of October, and here’s my input. First, December is notably horrible for trading. My PAMM guy doesn’t trade in December and will start again on Jan 6th. So you have that. I trade just the top 3 gold EAs, updating twice a day. November gave me a 13% net gain (after the commissions are deducted), with a max drawdown of 4%. Not bad at all. December is negative so far, but I don’t expect much. And yes, 2 weeks is not enough time. Neither is 30 days IMO, especially since you are in December. You’re not getting a good taste of it. You can always get your 30-day refund, wait another month, and try again when things are more “normal”.
Hi!
This post strike my nerve. In October/November I have +25% and strategy was: 3 hand picked of every pair on 1M (installed as portfolio). After 5 negative trades, I disable “bad” robot and if that repeats, I hand pick new portfolio. I was ready for live and in 2 weeks, I have -15%. My 30-days money back period is gone, so I am toying now on demo trying this and that, waiting to see some positive income. So far, just downhill. I regularly check 2 Youtube channels and live results. It would be nice to have some real weekly guidance.TOP 10 ROBOTS / OANDA DEMO ACCT
Hi Guys!
Ten days ago I started a new demo account with my Oanda dot com broker. The one bad thing with Oanda is you only get about two week worth of historical data. The good thing is; this will be a good test demo account. So what I did was to load all the Top 10 app robots into MT5. I then backtested all the robots using the MT5 Strategy Tester. Then selected the best performing robot from each symbol. As a result I found 5 symbols EURJPY, EURUSD, GBPUSD, USDCHF, and USDJPY. Since the account size is 100K I set the lot size to 1.0.
This first graphic shows MT5 with all the closed trades after 10 days. It also shows I have all the Top 10 robots installed. The tabs show the 5 symbols I am trading.
This next graphic shows all the closed trades filtered using FXblue. As you can see USDJPY had a nice profit of $2190 or 2.1%. The other three symbols have all closed with losses. Note USDCHF has been the biggest loser. I may decide to removed it this next weekend if I don’t see any new profitable closed trades from this symbol.
This final graphic shows the open trades. From this graphic you can see two of the four symbols are now in profit. GBPUSD currently is showing a 0.2% open profit and EURUSD about 0.4%. This is encouraging as these two symbols could potentially close with a profit. If these two close with a nice profit in the next several days I think this may be encouraging for this demo account. I will have to wait and see!
Note: The blue screen is an EA that ports all the trade results to FXblue where I do my account filtering.
Right now what I am showing is the development of a trading portfolio. Once this portfolio proves to be a good profitable trading portfolio I may decide to use it for trading. As you can see from this, my process is to first develop good trading portfolios and then use them for live trading.
Alan,
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