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I can share some lesson I learned from the live account.
After the first profitable month I felt the greed which is typical for manual trading. Than I increased the lot traded 3 times and lost in the first week half of the account. I believed that after having one profitable month I can not lose and I will have the same profits next month. Well, it did not happen. I needed another three months to recover.
Money management is all about it, and patience…I believe Guns and Roses wrote the song Patience for the traders 🙂
I was speaking with a friend trader who used Strategy Quant or something like that. When he described what is in there, I understood that it is years behind EA Studio.
I think EA Studio will be number 1 automated trading software for many years. And they always improve it so maybe forever
Hey Roman,
I know what you are talking about! 🙂
I burned one small account at the beginning after I saw some great EAs in the statistics. From this time, I listen to Petko in 100% 🙂
Hello Ossaio,
What I know from Petko is that when you use too huge Historical data with FSB Pro, you will lower the daily profits. But keep us updated on how it goes.
Hey Viktor,
The R-squared is an update we have with EA Studio. It helps us generate strategies with better equity lines.
I have opened a topic in the Forum called EA Studio Updates – have a look at it, there is video and more details about R-squared.
Hey Roman,
very nice of you to share your experience, even it was quite emotional I can see(just what we try to avoid in trading) 🙂
It is great that you put down your mistakes, this way you will have them in mind for a longer time, and just make sure not to repeat any.
No worries, most of the pieces of advice I give in the courses are from mistakes I have done in the past. 🙂 But I did not repeat any of them, so make sure you do it too.
Anyway, ones again, great of you sharing this, I am sure it will be useful to many beginner traders here!
Ossaio,
I would really appreciate if you share in the forum your results from comparing the 5 years data with the 2 years data.
Try to make the strategies similar, as same currencies, time frames, etc. so the results will be more accurate and concentrated just on the length of the Historical data.
Hello Jie,
Ossaio gave you the right answer. Here a bit more:
Locking – it will lock the indicator and its parameters, so the generator will just add other indicators to make it complete strategy. It will not change anything with the locked indicator.
Linking – when you link an indicator, the generator will keep this indicator in all strategies but it will change the parameters of this indicator.
Both are very useful if you find the right way of using them.
Dear traders,
the next trading course that we will launch by the end of this month is focused on two methods that I use to avoid Demo trading.
I will explain those methods in details, and I will demonstrate how I am using EA Studio to do that.
I have chosen the AUDUSD as currency pair this time.
Will let you know once the course is ready.
Hey Andi,
I was planning a long time to launch a trading course with more details about each indicator because I do think that a trader needs to have an idea about them.
Cheers,
Hey Jie,
Locking is when you generate strategies. When an indicator is locked, it will remain in all generated strategies. Linking..first time I hear it 🙂
Here is what I use in the acceptance criteria:
Minimum bars in trade – 30%
Min profit factor – 1.2
Min months on profit – 80%
May I ask what is the R – squared? I see that you both use it?
Hey Cone D,
as you know the difference is that when we choose a trading portfolio we place them all on the account, and we eliminate the losing ones.
In the standard way of trading Expert Advisors on separate chart windows is still trading portfolio because we trade them all together. But here we trade first on Demo, and we place on live the top performers.
Now, personally, for me, the good point of trading portfolio Experts is that we do not miss the profits that are on Demo. What do I mean?
When you test separate Expert Advisors on a Demo account, you place them on the Live after you see the profits with the chosen EAs, right? But these are exactly the profits we miss. Because they are on the Demo account, not in the live.
