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I create my own EURUSD EA’s for the 1 minute time frame and they work fine. However, I do not use them for more that 5 days. I then create new ones. EA’s do not work over long periods of time as the market conditions change. With EA’s created for the 15 and 60 minute time frames Petko uses them for one month and then creates new ones. When trading the 1 minute time frame EA’s created for this time frame need to be removed and replaced quite often. So I have to ask do the EA’s work for more than one week with the demo account? Were the EA’s created to be used on the 1 minute time frame? Does the real account use the same broker as the demo account?
I would use the Top 5 Robots or one or two of the other similar courses, make the money that EA Studio would cost, and then buy EA Studio. In the meantime you can practice getting familiar with EA Studio on the free version. Make sure you can make money using Petko’s Robots before making a major investment!
Yes if did finally see that after posting my request. However, I don’t see where it would add up all the SL and TP for a portfolio of strategies. Also would like to see this added to EA Studio!
Petko’s professional EA algo course describes in detail how he creates his profitable robots. I use his method all the time. Sometimes I modify it by selecting 10 strategies instead of two and put them in a portfolio. I also use his balanced portfolio method all the time. The other thing I do is to recreate new EA’s/robots once a week instead of once a month. I did some backtesting and it shows that overall profit is greater when EA’s are recreated once a week. Hope this helps! If you want to ask me more questions, I will check in once a day and do my best to answer them.
Add Stop Loss in percent to individual strategy Report and and Portfolio Stats. Risk management suggests that each asset traded should not be greater than 2% of account balance. In the case of a portfolio containing multiple strategies it would be nice to know what the total risk is in percent. Knowing what the risk (SL) is in percent is crucial to proper risk management and should be included in EA Studio.
Dear Petko,
I started going through your “The Complete FTMO Challenge Course: Get Funded Quickly” course. In the first or second lecture you mention that you have already discussed your 4 setups. However, I don’t seem to be able to find your 4 setups. Where are they located?
Hi Petko,
Good question! The max Daily loss is the max draw down during a trading session. When the daily draw down was getting close to the Daily loss limit I quite trading for the day so I wouldn’t go pass the max loss amount. On the next trading day the Daily loss is reset to zero so you again have a max daily drawdown limit of $500. Max Loss is the the max loss below the initial starting balance of the account. Hope this helps!
Hi Samuel,
Thanks for the encouragement! I found it interesting to hear that you are also close to passing the FTMO Challenge. My challenge also went through a two week stagnation period as a result of the U.S. dollar stagnating. The potential problem I see coming up this week that could destroy my challenge is NFP report coming out on Friday. I am considering closing all trades just before the report and holding off for a couple of hours until the market settles down. I know the report could help my challenge but at the same time it could destroy my challenge. Hopefully I will pass the challenge before Friday and I won’t have to worry about it. The thought has also come to mind is that perhaps the best time to begin an FTMO Challenge is the Monday following NFT report. That way I could go through the complete challenge without having to worry about this report.
I have $200 to go to reach my FTMO $10,000 challenge and 6 trading days to do it in. Up to this date I have been trading 9 strategies equally divided between, EURUSD, EURJPY, and USDJPY. At the beginning of week 11/20 through 11/26 I removed all EA’s and replaced with new EA’s. With only 6 trading days left I have now removed two weak strategies. I will not replace them as I am not 100% confident new strategies will perform well over the next 6 trading days. However, the remaining 7 strategies now have between one week and three weeks of history showing PF > 2 and have made more than $40.00 each to date. Hopefully, these 7 strategies will carry me above the $1000.00 challenge goal by 12/6/2022. May the force be with me!
