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Some traders in the Forum shared that they use the Portfolio Experts to save time on the Demo account to place 100s of EAs.
How does this work? If you want to test 200 EAs on a Demo account, well, first you can not in one account with single Experts, but with the Portfolio Experts you can group them to 10 Portfolio EAs, 20 EAs each, and place them just on 10 charts.
From there you can follow the stats and see which strategies perform the best, and use them as individual EAs, or group them in one Portfolio EA.
Hello Simon,
I show that in my Portfolio trading courses. Basically there the logic and the method is the opposite.
We place many strategies in one portfolio EA, and we follow the results of each strategy (yes we can see the magic numbers).
After that, we remove the strategies that do not perform well from the Portfolio EA, and we leave just the ones that are profitable.
Hey Ilan,
Just make sure to use the correct range of SL and TP when generating the strategies.
A common mistake is that the traders set a range of 100-10000 for Crypto or Gold strategies, and then they forget to change it for Forex.
Also, have a look at the trades always. In your case it is visual that the SL is above 500 is (the picture above).
But for the moment, recalculate your risk, and account. If you can hedge it, it will be great, but keep in mind that EURUSD might continue lowe, and if you hedge, there is the risk to go on a bigger loss. Just calculate how much you can handle it.
Hello Simon,
Yes, you need to check the Friday Close, but you need to change the hour.
What time does your broker close on Friday? If they close exactly at 24:00 you need to change it to 00:00 – 23:45.
Because the EA will execute the close after the new bar is opened, and if the market is closed, it will not be able to close the trade.
So just do it 15 min before the close.
Hey Simon,
I think what you are looking for is not possible. You the Generator to find the indicators for the Higher time frames, right?
The Generator works only on the current time frame that you have selected, and in this case, this is your lower time frame.
So the best thing you can do is to set the higher time frames as filters, and then run the generator to find some more rules.
You can Lock as well some indicators that you want to have by default.
Hello Ilan,
Yes, it is better to use the same broker because this way you will know that the strategies work on this Historical data.
The broker is Dukascopy, I believe it is written in the description of the app. It is a regulated broker, with a huge history, and we have added it to the trusted brokers’ page as well.
Let me know if you have other questions.
Cheers,
Hello!
Yes, it depends on the Acceptance criteria and the number of bars you have for the asset.
Start with acceptance criteria: Min count of Trades 300, and Profit Factor 1.2.
If you see many strategies start increasing the number until you see the number that works for you.
If you don’t see any strategies again, just lower the Min count of trades and the Profit Factor to 1.1
Hey Viet,
Glad to hear from you. Yes, every post in the Forum brings you a Euro discount 🙂
Anyway, the number is exactly from my experience. With specific acceptance criteria, I know how many other currency pairs I would need to test.
But this does not mean you have to use exactly 9. The number is not that important, but the pass of the Multi Market.
If you use 6 for example, and 4 of them pass that is good enough as well.
Here it is just about checking if the strategy is over-optimized for the current asset, or it works on others as well.
Hello Mike,
I am glad to hear that you liked the EAs from my Gold trading course. The EAs are doing great, and this is why I am not changing them since November.
More Historical data for Gold, you can download from our Forex Historical data app. It is free.
You can have a look at some more broker at our trusted page. The data in the free app comes from Dukascopy.
What you can do as well is to download the data from the app and make it fit for your broker. Just change the data details in your EA Studio settings: Tools – Symbol Setting.Â
Change the settings of each symbol according to your broker.
I am planning to record such a video and show that method. I may do it even today…
Hello, and welcome to the Forum!
Glad to hear you have many questions. This means that you are getting into the details.
1. It is important to find the balance of acceptance criteria for your Historical data. The number of bar matters here. If you have a small number of bars and you set strict acceptance criteria, you will not see any strategies in the collection.
Yes, these are criteria where I follow and do some changes if it is needed.
There is a Topic in the Forum about the Acceptance criteria, and many traders shared their way.
Simply, start with any acceptance criteria that you find logical, and you will see if you need to stricter or not.
It is better to have more strategies in the collection from where you can filter again.
2. When I generate strategies, I want to have at least 10 strategies that passed all the criteria and robustness tools.
Depends on the asset and what the plan is for the trading, sometimes I go for above 30 or 40. Just leave it longer or loosen the criteria.
Hey Ilan,
How come the EAs have SL above 500 pips?
If you have created such EAs, then you should expect that the trades might go on such a loss. As I show in my courses, I don’t go above 100 pips because it is likely that the hourly trend reverses after 100 pips movement in the opposite direction.
I avoid giving suggestions and trading advice, but if you have set such SL for some reason, you should be expecting it and handling such positions…
Anyway, I would keep them in my account is big enough, and if you did a mistake with such a huge SL, you can also hedge the positions (buy at a lower price so the average price will be lower, and you can recover quicker).
Regards,
Hello Ilan,
Glad to hear from you again. Make sure you have enough margin in your account. And this you can do by lowering the trading amount.
How many EAs and what lot size do you use for 1.5k account?
I think you can do easily 10-15 EAs with 0.01 or 0.02 lots. If you go with higher lots you would probably miss some trades because of the margin.
Regards,
Hello Charbel,
I am not really sure what exactly you are doing, but you need to place the EA only on the time frame that you are trading.
If you trade on M1, but you use the higher time frames as a filter, you need the smiley face just on M1.
But before you attach it to the chart, you need to load enough bars on the other time frames by pressing the Home key on the keyboard.
Hello Marlon,
Glad to hear from you, and welcome to the Forum.
In the US is a bit harder with the brokers because of the FIFO rule, but we have many traders from there and there are solutions:
1. Have a look at the trusted brokers’ page. The FX CHoice broker accepts US citizens and as far as we know from them, they can trade many EAs with the same lot and same assets.
2. You can trade one EA on different assets per account. Still, you will have a huge diversification of the risk.
3. You can trade many EAs on one asset but with different lots. You can test many EAs in one account with 0.01, 0.02, 0.03, etc. In FX Blue you can follow the pips, and then you will see which EAs are the best performers.
Basically these are the legit ways to go around I think…and if there are any other suggestions from other US traders, it will be great.
Hello Gert,
Yes, this is a trusted broker. This is why we have added them to the Trusted Brokers page (many students gave us good feedback about Dukascopy). I am using them as well mostly because of their Historical data, and the Forex Historical Data app works with the data they provide.
With some brokers, it is a headache to go over the verification process, but this is a sign of a legit broker. The scam broker would take your money first, and then they would ask for documents, so you can’t refund.
Anyway, I would appreciate it if you have any other feedback, so we will keep on the Brokers Page the most reliable brokers, and we will keep the students and the traders away from the scammers.
