Forum Replies Created
-
Posts
-
Hi David,
Yes EA Studio is a great tool for creating EAs for MFF. After creating the EA carefully review the report and study the stats to make sure it doesn’t violate the daily drawdown. Also, check the stagnation to make sure it doesn’t consume too much of your evaluation phase. What I am saying is to review the EA Report in detail to make sure the EA has a good chance of passing the eval phase. Keep us up to date as to how it goes! I would be interested in how things go.
Hi David,
You only have a $49 cushion. You would need to be very conservative in your trading or your account could be wiped out, as you say! I don’t think using Waka Waka in its low-risk setting will get you past the target price by July 7. Petko does not recommend using Waka Waka during the FTMO Challenge or Verification phase, only once funded. Even using Waka Waka in a $10,000 funded account would take approximately two years to recover the investment of purchasing Waka Waka before you would start realizing a profit.
EA Studio needs these 300 bars so the indicators used in the EA will have a sufficient lookback period so they will start working correctly over the time frame you are interested in observing. 300 bars where each bar is 4hrs indicates you need at least 3 months of data history. Are you using your broker’s historical data? If so you need to maximize the broker’s history data in MT4. If you don’t know how to do that I will provide a link to a video to show you how this is done. The other option is to use the Premium Data in EA Studio.
Evan P. – I just checked the indicators FSB uses and did not find a Gann Box indicator. FSB uses its available indicators to generate EA’s.
Jaylon: The problem with downloading the historical data from MT4 or MT5 is that the broker usually doesn’t provide much data. To make sure you are downloading the maximum possible data from your broker follow the procedure as explained by in the following video:
If the maximum data available from your broker is not sufficient to do the required backtesting then Petko has another procedure you can use to get more data to use so you can get a reliable backtest over your required lookback period. See the following video:
According to the Waka Waka stats it had averaged 7.18% profit per month and has a maximum drawdown of 26.7%. It also touts every month for the last five years had been profitable. Since the average profit per month is 7.18% it stands to reason that some months produce less than 7.18% per month and some months more than 7.18%. Also it stands to reason, since every month has been a winning month, some months could produce a profit below 1% but greater than 0% with a risk every month of having a 26.7% drawdown. To adjust the risk so that the maximum drawdown is less than 5% so as not to fail the FTMO drawdown requirement and close the account also means to have a smaller monthly profit to well below 7.18%. So by reducing the risk therefore would indicate that the monthly profit would be too low to pass the price target to complete the Challenge or the Verification phase. As a result I don’t see how this EA can be used to pass the Challenge or the Verification phase. I do see how it can be used in a very low risk / low profit funded FTMO account. If the funded account performance Petko has shown above is for one month then it represents a monthly profit of about 0.7%.
When I look at the EA Petko used for FTMO and shared in his FTMO course from March 2022 until March 2023 I see it had three losing months. Keep the faith, perhaps next month it will start winning again! Since you are doing the Verification stage perhaps you should just manually trade and not us the FTMO EA. You can also ask support it you don’t meet the price target requirement of the verification stage before time runs out will they give you a second chance. If they will then you might run the FTMO EA with a 0.01 lot size until it starts showing profit again and then increase the lot size once it starts to become profitable. Just an idea! Good luck with your verification stage!
Note: Don’t change the time frame use the time frame for which the EA was designed for. Changing the time frame may result in poor performance!
I live in the US and do not know of any stock brokers that uses MT4 or MT5. MT4 and MT5 is mostly used by Forex brokers.
Gareth,
There is no software to speed test how fast EA Studio collects strategies when using multiple copies of EA Studio you have to manage this yourself. Here is how to do it:
FFirst open one instance of EA Studio. Click the Start button. The Start button will change to a Stop button. Next monitor the Collected strategies. When the Collected strategies hits 1000 then click the Stop button. Record the time. Now click the Start button again and let it continue to run and do not stop it again. Add next instance of EA Studio. Click the Start button. The Start button will change to a Stop button. Next monitor the Collected strategies. When the Collected strategies hits 1000 then click the Stop button. Record the time. Now click the Start button again and let it continue to run and do not stop it again. Add next instance of EA Studio and repeat the process until you have 8 or more instances of EA Studio running.
What I did next was to enter all the recorded times into an Open Office spreadsheet, did some math, and then generated the graphs.
Hi Gilbert,
I am a new moderator for the forum. This morning I was going through older threads posted in the forum and ran across your thread. I’m sorry to see your thread never did receive an answer. May I apologize on behalf of EATradingAcademy. Hopefully, since the time you posted this thread into the forum you have figured out or have learned how to resolve this issue. However, in case you have not resolved this issue let me explain how to deal with getting EA’s to show in the Navigator window.
After adding the EA source files to the Experts directory it is necessary to open up the MT5 Editor. In the editor you need to open each EA individually and then click on the Compile button. Once you have done this for each EA you can then close the editor and go to the Navigator window. Right click on Expert and refresh. All the EA’s should now be visible.
This chart shows the optimum number of EA Studio’s to be used on one computer. This chart shows that with three EA Studio’s running at the same time the total number of collections for all three instances of EA Studios is ten thousand. The chart also shows that with all ten EA Studio’s running at the same time the total number of collections for all ten EA Studio’s is also ten thousand. This then shows that there is no advantage to running more than three instances of EA Studio at one time.Here is the results of my EA Studio speed test. This test shows the results of how long it takes to generate 1000 strategies. In order to properly generate strategies each EA Studio must be opened in a separate Chrome window as shown in the figure below. Opening one instance of Chrome and opening each EA Studio in different Tabs of the same Chrome window will not allow EA Studio to collect strategies.
This figure shows opening multiple instances of EA Studio is separate TABs of one instance of Chrome. The only EA Studio that will collect strategies is the one selected. All other instances of EA Studio will not collect strategies.
This figure shows the proper way to open several instances of EA Studio. Each instances of EA Studio is collecting strategies.
This graph shows how long it takes to collect 1000 strategies. The graph shows that when only one instance of EA Studio is running it only takes about 11 seconds to collect 1000 strategies. However, when there are 10 instances of EA Studio running it takes each EA Studio 60 seconds, or 1 minute, to collect 1000 strategies.Hi Mustafa,
In this explanation I will use EURUSD as an example.
The suffix is simply the name of the chart. For example, a broker has a chart that is plotting the high, low, open, and close, for EURUSD. The broker can name the chart anything it wants but the chart is still plotting EURUSD. So the fact that the name of a chart has a suffix attached to it doesn’t mean the currency being plotted is different, it is still EURUSD. Having said this, any EA for EURUSD created by FSB or EA Studio, will trade properly when attached to any chart plotting EURUSD no matter what name the broker gives the chart. So, to answer your question FSB doesn’t need to attach a suffix to the end of the EA it creates and will function normally when attached to any chart, no matter the name of the chart, as long as the currency pair being plotted is the same as the EA created by FSB.
