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Hey Ilan,
I am glad to hear from you.
I think you are doing a very good job.
For sure you need to use one and the same broker for Live and for Demo trading. In most of the courses, I use JFD for Forex, and Pepperstone for Crypto.
There are some tips at the end of the page with the trusted brokers, that will help you compare the Demo and the Live accounts:
https://platform.algotradingspace.com/trusted-forex-brokers/
Also, what do you mean that you have more money in the Demo account? per day or in total. I guess you started the Demo account earlier, which leads to more money in there.
Yes, looking at the last 3-5 days is a great idea to have an idea of which EAs are currently profiting.
Kind regards,
Petko AHey Ilan,
Glad to hear from you. Yes, I am familiar with it, and I know it is popular because many exchanges offer more and more pairs of crypto trading. The reason they are doing it is because the competition is big, and they want to offer more and more than the competitors.
I am not familiar with algorithmic method to trade on the exchanges. But if you find a broker that offers such pairs on MetaTrader, yes, you can create EAs with EA studio or FSB pro for it. You just need to download the Historical data as I show.
Hello Jenialy,
I explain the ATR indicator in the MetaTrader course in section Oscillators. However, this indicator does not work with the SL or the TP.
I am not sure if I get your question, but you can ask me in detail.
Hello Gert,
Most of the brokers offer different quotes for Demo and Live servers.
This is why one of the first things you should do is to test if they have the same data.
Have a look at the tips on the bottom of the trusted Forex brokers page:
https://platform.algotradingspace.com/trusted-forex-brokers/
Thank you for the kind words, Gert!
Yes, this is a resource library that they have on forexsb, and we will create it for our website too. But I will add some more info, and for each page, I will create videos that will be more useful and practical.Hey Gert,
Glad to hear from you.
Please, have a look at this detailed user-guide:
https://forexsb.com/wiki/eas-guide/monte-carlo
We are working on a similar one for our website. I hope it will be ready within a few months.
Kind regards,
Basically the SL and the TP are the prices where you want the trade to be closed.
The change in the lot will determine how big is the trade. The bigger it is, the more value you will have on the SL and the TP.
Hello Charbel,
When you run the Multi Market you actually see which other markets are profitable for the strategy.
However, you won’t see the same good results as the origin market. After that, you will need to optimize the strategy, which brings the risk to over-optimize it.
I guess you want to make it just easier, and use one strategy on a couple of markets, but our experience shows that this is hard to achieve or nearly impossible.
Hello traders!
It times of crisis, the cryptocurrencies are again very volatile, and this makes them suitable for algorithmic trading.
And as you already know, when we trade with EAs, it does not matter if the price goes up or down.
I have uploaded the new EAs for April, and you can download them,
Test first on a Demo account.
Safe trading and take care!
Petko A
Thanks, Ilan! I checked it, and just the name was not changes, but these are the new EAs.
I have changed the name. Thanks for the notice!
Cheers,
Hey Zachargromov.
I really appreciate that you shared your story. I believe it will help many people, and unfortunately, we can not do more than sharing these bad practices so more and more people get aware of them.
Anyway, I am very happy to hear that you got almost all of your money back. That does not happen quite often, but you did not give up, which the key point!
Glad to have you in the forum!
Petko A
Hello traders!
I have updated all the courses on Forex with the new EAs for April.
Pay attention that the market is very volatile and unexpected moves are usual in such times.
Make sure to trade with a small percentage of your account, and as I always say:
“Test the EAs on Demo first! ”
Safe trading,
