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Hi Boyan,
I see what you mean. Kind of hard to set the lot size if you don’t know the risk. During the process of adding the EA to the chart there is a box that shows up on the screen. If you click on inputs then you can see the SL and calculate the risk before the EA is actually attached to the chart. When I want to change the lot size of an EA already installed on the chart then I right click on the smiley face or the blue hat in the upper right corner of the chart. Then I select properties and from there I can see the SL and I can calculate and add the lot size.
The way you eventually did it works!
Alan,
Hi k,
Don’t worry about time zones. I don’t! As long as you see a smiley face everything is working correctly. Just be patient and the trades will come.
Can you show a screenshot of the upper left area of the trading chart so I can see what it is saying? Then I can help further.
Alan,
Hi Boyan,
No sure I understand your question but I will give it a try:
You do not pre-set the entry lot size in the app. You do this when you add the robot to the chart. During the install process onto the chart a properties box will show up. Click on Inputs. Here you will find the Loss in pips. Use this Stop Loss in the Calculator to find the Entry Lots. Then enter the lot size into the properties box. Click OK.
Alan,
Hi Markus,
The robots are created using blackbull historical data. However, you don’t need to just use the blackbull broker as you can also use other brokers / prop firms. Recently one of our traders picked the top 5 robots, placed them on an Infinity Forex Fund challenge, and got funded within a few months.
I, on the other hand, use a different approach. When I use robots with a different broker / prop firm I forward test them with a small lot size like 0.01 for a week or two. I then select the best performing robot to trade with a normal lot size.
As to the magic numbers not being the same. When the robots are updated with EA Studio they will automatically be given a new magic number.
Alan,
The only option you have then is to keep the lot size small so as to consider all open trades as one trade.
Does that EA have an option in its properties box to select how many trades can be opened at one time?
Hi Ahmed22,
These are not the same EA. This is a portfolio of EAs containing many different strategies. The fact that many trades are open within a few minutes is the result of using the M1 timeframe.
Alan,
Hi pratik,
As far as I know most prop firms allow you to use a trade copier as long as you are copy trading your own EAs from your forex broker. What they don’t accept is for you to be using trade signals from a third party. Ask your prop firm if it is OK for you to copy trades from your own brokerage account.
Alan,
Hi Ahmed22,
I kind of depends upon your margin. You could most likely have 10 EAs on a $1000 account if you kept the lot size to 0.01.
Alan,