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Hey Jankrafka,
Yes, this is how the Scam brokers work. When you run out of Margin(and it will happen one day if you leave all the negative trades) they will ask you to deposit more money, and you will have no other choice. The final result? You lose, they profit.
What is the name of this broker? And did you try to withdraw money from there?
Hello Ivone,
the Acceptance criteria are the rules that we want our strategies to fulfill.
For example, when we run the generator to show us new strategies, we can set acceptance criteria with Profit Factor 1.2.
This means that we will see strategies that have higher PF.
Cheers.
Hey Jankrafka,
Yes, this dosn’t sound right. I never heard of that.
First, a legit broker should not give advice.
Second, they should not place such conditions.
And third, you should be free to open any type of positions – with SL and TP, without, mixed, anything that you like. And most importantly you should be able to withdraw at any moment you decide.
Please, have a look at the trusted Forex brokers we have on the website and get rid of the scammers.
Cheers.
Hey Ilan,
the USDCAD course is not being updated every month.
I update it just when it is needed.
Cheers,
Hello guys,
I am new in the Forum and trading, so I want to ask you what acceptance criteria is?
Sorry if this question is stupid, but it is hard for me because I am a beginner trader!
Have a great day!
Hey Ilan,
Good question here which is important to make it clear.
You see the same entry point because the EAs from EA Studio work on the bar opening. And if you trade on M15, this means that when there is a signal from few of the EAs in one bar, they all will open on the opening of the next bar, which looks like the same signal but it is not. It is the same moment and price.
If you keep the correlation analyses checked in the settings, there is no way that you will generate strategies with the same entry or exit rules.
Hey Ilan,
That is a good question. I believe we discussed it somewhere in the Forum…
I personally prefer to trade many EAs in one account.
For example, a good strategy for beginners is to use 0.01 lots and just add to the account more and better EAs.
So if you start with 1000 dollars account you can easily begin with 10 EA. Then you can just add another EAs with 0.01 and you will not have issues with the margin.
If you have 5k account it is fine to trade even with 100 EAs.
This way you will achieve really great risk diversification.
Hey Ilan,
Glad to hear that you succeeded to create EAs with good results.
I don’t think you can understand the settings you used.
What I do is to keep a spreadsheet with all the settings I use for the different set of EAs.
For example, I have a column for the EURUSD strategies where I used 1.2 PF, R- Squared 80 Sl range 10-50 TP Range 50-90 etc.
And then I organize the EAs in folders according to the settings I used. So far I think this is the easiest way to organize your work.
Another thing which requires a bit more work is to organize your EAs using the Magic Numbers. For example, you can use the first 2 symbols for the currency pair. 01 – EURUSD 02 – GBPUSD. After that, you can have the Time Frame 05 – M5, 15-M15. Then you can have the acceptance criteria which you selected to use.
Hope these tips might give you a better idea of how to organize your work.
Hello Marek,
Honestly, I never used that data downloader, and I am not sure how accurate it is. Did you see the Free app that we have for Forex Historical data? it downloads in all formats.
I am not sure if you will be able to find such a tool to convert your data or at least I am not aware of such.
Hello Aitor,
Welcome to the Forum and I really appreciate your kind words. It makes me happy to see that more traders are getting interested to learn from us.
The robustness tests are very important when generating and validating the strategies.
In order to choose which ones you want to use, you need to understand exactly how they work.
The Monte Carlo will show you if the strategy remains profitable, for example, if you change the parameters in the indicators or if the spread is floating.
Multi Market shows the results that a strategy has on the different markets. This might show you which strategy you can use for a couple of currency pairs.
Walk Forward is much more complicated, and here is a free video about how it works:
It is hard to find a strategy if you use the three of them at the same time. Best results are coming when you combine 2 of them.
Personally, my order of importance is:
1. Monte Carlo
2. Walk Forward optimization
3. Multi Market
I hope that helps and let me know if there are other questions.
Enjoy the weekend!
Hello traders,
I hope everyone is doing great!
Today I have uploaded the new EAs for May in the courses.
Always test on a Demo account first.
Petko A
Hello tangshaobo8,
I am glad that you liked the videos of EA Studio.
1. Like I said in the previous post the higher time frames are available in FSB Pro. Here are free videos about it:
https://platform.algotradingspace.com/software/forex-strategy-builder-professional/
2. The EAs in EA Studio work with the MetaTrader indicators and you can not apply price action trading.
3. You can combine price action with EA. For example, you can use trend lines and Fibs to decide if you want to buy or sell.
After that, you can use the EA to give you the right moment to buy or sell.
You can set the EA only to buy or only to sell. When you drag it over the chart, click on Common, and they select the direction:
4. Tell me which courses you have taken so I can suggest you the next ones.
Cheers,
Hello Tangshaobo8,
This Expert Advisor was created with FSB Pro. There we have the option to create strategies with higher time frame filters.
Did you watch the free videos from Mr Popov on the FSB pro page?
Here they are:
https://platform.algotradingspace.com/software/forex-strategy-builder-professional/
