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Hello Gert,
Yes, as far as I know, they are reliable. They are a long time on the market. And the good thing is they guarantee they have the same live and demo data which is very important for us. However, I never used them, but I am planning to start next week because I want to use the new data that Forex Software provides.
We will do our best to place the tool for data from next week.
But keep in mind that for the moment, the data in EA Studio comes from JFD. I will let you know when they switch it.
Cheers,
Hey Ads,
Glad to hear from you. And thank you for the suggestions.
Usually, I create courses based on what I have tested and what works for me. I do my best to share my experience in the classes.
You can try creating strategies on M1 and limit them with the time of opening and closing trades. This way, you will generate scalping EAs.
Regarding the news, that is something really hard for the EAs, because the outcome is always different. Even the predictions and the outcome are the same sometimes, the market always behaves differently.
Also, the news are not constant in time. They do not repeat every day, and this makes it nearly impossible to have a precise backtest for it.
Hello,
Glad to hear that you like my work and the idea of using strategy builders. It saves time…
And much more actually, we have the generator.
Regarding new indicators, I was the same skeptical at the beginning, but there are few reasons for that, and they are quite logical:
1. If there are custom indicators, the Expert Advisors might start showing errors that will be caused by the custom indicators. Of course, many will blame the strategy builder. As we can see now, they work perfectly without errors when compiling the Experts.
2. Having custom indicators will not guarantee better profits. The indicators that are available now and quite enough. It is all about a good combination of different rules and stable robustness tests.
3. CUstom indicators ill slow down the program, and this is not what we want. Especially the generator in EA Studio is so fast now that we save so much time waiting for new strategies…
I hope that makes it more transparent.
Cheers,
Hello,
unfortunately, all brokers do not provide a lot of data from the beginning.
The data that is in EA Studio comes from JFD which is not a bad broker. Also, from Forex Software they developed an app for Historical data that comes from Ducascopy and it is very good data.
Still, I will need to test it before we place it on our website, so everyone can download it for free.
If you want to use any other broker, you will just need to collect the data.
Cheers,
Hello Facundo,
No worries, drop me any questions that you have.
I do not see too strict criteria…..may be the R-squared 70 combined with the M30 time frames makes it more difficult… Try to reduce it to 60.
I am more fan of M15 and H1, as you know from my courses. I found it more difficult with the M30 strategies for some reason…
How are the settings with the Monte Carlo itself?
Hi Roman,
How is FX Choice doing from your experience?
We are planning to place a trusted brokers page on the website. We receive daily many e-mails about the brokers, and it will be easier for everyone if we have 2-3 brokers. We will make the choice of the traders easier, and at the same time, they will have regulated brokers in mind.
I was thinking about FX Choice because they give the chance of US citizens to trade EAs…
Hey Simon,
Glad to hear from you. I think ROman gave an excellent example. It is from the broker, indeed.
When the brokers buy MetaTrader to offer it to the clients that have some access to the backend, this means they do different settings.
It is about you fining how much your broker can handle.
Anyway, stay below the limit, because you do not want to miss nice trades just because you overloaded it.
Cheers,
Hello Invest,
You need to leave just one chart on M1, for example. You do not need all the time frames. But it is a good idea to go over all the time frames one time in the month to make sure they are all loaded with the new data.
Cheers,
I guess it is just normal. With JFD for example, it is 6 dollars commission per lot.
If you can open the two types of accounts in a Demo, and place there same 10 EAs, for example. If you trade them for one week you will see which one will be the better choice.
Hello Facundo,
I would wait to see at least 5 trades. And what I normally do is not to remove strategies from the Demo account where I test the EAs.
I put in the live account the Top EAs, for example, having Profit Factor above 1.2 and min count of trades 5. but I keep trading the Demo account. Because some strategies that are losing at the beginning will turn out to be positive. And there might be potential in them.
Hello!
Welcome to the Forum!
Well, the Historical data is a headache at the beginning because all the brokers do not provide data. What you need to do is to collect it. Did you press the Home key to get the maximum out of it?
If you did, just leave the MetaTrader opened and it will collect data from your broker.
If you want you can use the data that comes in EA Studio. There you will have more bars but it will be from a different broker.
Hello Facundo,
Glad to hear from you. Those are good questions.
If you leave the Take Profit with “do not use,” it will not have a TP. The strategy will have an indicator as an exit condition. Same as the entry conditions, but an indicator that will close the trade, then the rules are true.
The correlation analysis was not available before, and that is why it is missing in some of my courses. This is one of the reasons why we re-record some of the old trading courses now because EA Studio has many more options.
Yes, I would suggest you use both.
Detect balance line correlations will eliminate the strategies that have similar balance lines for some reason.
Detect strategies with similar trading rules will eliminate the strategies that have the same entry or exit rules. Let’s say MACD rises. If the rule is the opening condition for one strategy, when you have that option checked, the reactor will not show you a second strategy with the same rule.
Let me know if I succeeded in explaining it well.
Kind regards,
Petko A
