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So far my portfolio of EA’s is doing good but I only have 6 days of trade results so far. I will be showing the results of my EA Trading Portfolio consisting of 10 EA’s this next weekend on the following forum: How to Select EA’s to Use?
I am new to using EA’s myself but I can share my plan with you. I get 50 updated EA’s from the “Top 10 EURUSD Expert Advisors: Top EA Forex Trading” course I took every month. I have put these 50 EA’s in a demo MT4 terminal. I then did the strategy tester on each one of them using all the data history I have (two months worth) which I believe to be sufficient because I am only interested in the recent performance of these EA’s. I then recorded the results of EA’s that had PF greater than 1.2 and number of trades greater than 2 and graph showing an upward trend. I then sorted the list by Greatest profit to the least profit. I then selected the EA I want to use by the greatest profit. It seems to me that I want to pick the EA’s with the greatest profit over the last two months regardless of the number of trades or the PF. I may change this opinion over time but for now this is my plan. Since I am running 10 MT4 terminals I then select the top 10 EA’s making the most profit.
Now how do I plan on managing these 10 EA’s. Every weekend I will run the strategy tester on the 50 EA’s in my demo account. I will then update my spreadsheet. Next I will run the strategy tester on the 10 EA’s in my MT4 live accounts and review the graphs. As long as these graphs continue to trend upward and making good profit I will leave them. The EA’s whose graphs are starting to point downward I will replace with EA’s from my spreadsheet. I will update my plan as needed as I continue to gain experience trading EA’s.
I hope I have made my plan clear enough, if now ask questions.
Yes I am using the EA from the top 5 course. From the top 10 I need to pick myself I have only added two of them to two live accounts and I am monitoring them closely. I have also reduced lot size to 0.05. As these go into profit I will be adding additional EA’s to live accounts. It will take some time to get all 10 live accounts fully up and running. Once I have sufficient closed trades I will then add them to FXBlue. As for using less correlated EA’s, I don’t have a group of less correlated EA’s to chose from. As this portfolio of EA’s makes money I plan on using some of the profits to add courses so I will have access to other currency pairs to chose from.
Currently, I am undecided about using EA Studio. From the messages in the Forum it seems like it could take quite some time to learn how to use it properly so that I can get reliable EA’s from it. Therefore, at this time I think it would be less time consuming to just add courses to select EA’s from and let you guys deal with EA Studio. I think my time would be better served using your EA’s and putting together a good performing portfolio of EA’s. I could change my mind at a later date but for now this is my plan.
The 50 EA’s I used came from the ” Top 10 EURUSD Expert Advisors: Top EA Forex Trading ” course. The 50 EA’s were selected as a result of testing strategies in EA Studio. I then took those 50 EA’s and tested them in the invironment they will be used using MT4 strategy tester. See attached spreadsheet which shows my results.
I have been demo trading for the last two months using EA’s from the ” Top 5 Forex Strategies from a Pro Trader + 5 Forex Robots ” course and have had good results with the EURUSD EA from that course which has given me confidence in going live.
