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Good point, and second the motion. Especially with the EAs that use a trailing stop. We need those to keep running even though they are not officially in the the Top3, or whatever number you are using. Once the trade closes with the “old” EA, we can take that one off. Good suggestions.
Hi Jitesh!! Great to run into you again, small world, eh?!? Yea, they recommend daily updates, so I’m updating to top 3 gold EAs using the weekly basis. I started with a real, but moved to demo to put a little more money into my Plexy PAMM account. But on this one, I had a good November, and December is a bit negative, but I figured that. If I was live, I probably would be sitting December out. I wanted to to see what would happen through December.
And I don’t close trades on the EAs that I take off of the Top 3 list. All these EAs post both a take profit and a stop loss, just like a basic trading approach. I like that, as there are no huge DDs waiting (hoping?) for a counter-trend system reversal. Still, December had a 13 trade losing streak, for about a 14% DD (they have a trailing loss system, so you get reduced SL losses), but with the November wins, and some December wins, the total Nov/Dec account is about 8% up. Also, I watch the non-active EA trades, and will take them off if there is a decent profit, or just move the SL to break even, so at least I don’t lose money. All in all, it’s working nicely for me.
I may go live with this after I see what January does. My PAMM did over 10% just for November, with absolutely no involvement on my part. Nice! It did get to a 20% DD at one point, but that’s acceptable for me as I don’t have to manage it. He did over 100% for 2024, so better than what I have seen in all of our Nurp and Everest forums.
How about setting these forum threads to show most recent at the top, so we don’t have to scroll a lot to get the current discussions?
PS: I calculate (simple excel sheet) my lot size per EA (gold only) by calculating the max loss account % using the posted stop loss. I’m limiting each EA to 2% max loss. So the larger stop-loss EAs will have lower lots (duh!). So far, this has yielded a max Drawdown (consecutive losses) of 14% over 13 consecutive losses, with per-trade losses ranging from .14 to 1.08 % of account. Which is nicely less than my max calculated loss of 2%. I like the idea of the trailing stop as it minimizes these losses.
Hi Alan, too bad we can’t post under your initial post to keep that discussion separate. Your approach makes a lot of sense, I just don’t have the gumption to do that much work! Most of my funds are in a PAMM, and doing nicely, but I like to keep my hands in things a bit. So far, I just use the EATA app to select my top three gold EAs, updating twice a day. But on your points, I think I’ll use the MT5 strategy tester on those top 3 to confirm correlation with the EATA backtesting. If any differ significantly, I’ll test numbers 4,5,6…… until I get a positive result looking like the EATA one. Interesting approach for sure.
Hey! Me too! About the same time frame, except no Stocks, started with Commodities and the rest is the same. Worked with a few FX guys in EA development for a while, about 15 or so years ago. I’m liking EATA as well, in particular, the dynamic tracking of it as well as the fixed stop losses. Just gold though…. MK
Nice, and totally agree. You know what you are doing. I’ve run into SO many people that play with the MT backtesters and then get burnt when going live. Thanks for the detailed clarifications. I’m sure anybody that sees it here will be greatly appreciative, as am I.
Still…. is the EATA process and presentation less than optimal? It seems that it is if you seen the need to go through the work you are going through!! So far, (only Nov/Dec) using the EATA portal results seems to be working nicely???
Great conversation, BTW. This would be nice to develop here.
Why don’t you use the backtest results from EA Academy? Their backtester is SOOO much better (more accurate) than MT4 or 5 backtesters. A search on Google will show some pretty “strongly worded” reviews of the Metatrader testers. (Although some love it, a lot don’t.) The paid backtestors, (there are several), with paid-for data will be MUCH more accurate. I have a developer/coding team that does some work for me, and they refuse to use either of the Metatrader backtesters due to their inaccuracy.
Yea, it would be nice to see some more participation here. I’ve been here since the end of October, and here’s my input. First, December is notably horrible for trading. My PAMM guy doesn’t trade in December and will start again on Jan 6th. So you have that. I trade just the top 3 gold EAs, updating twice a day. November gave me a 13% net gain (after the commissions are deducted), with a max drawdown of 4%. Not bad at all. December is negative so far, but I don’t expect much. And yes, 2 weeks is not enough time. Neither is 30 days IMO, especially since you are in December. You’re not getting a good taste of it. You can always get your 30-day refund, wait another month, and try again when things are more “normal”.
I run the top 3 Gold EAs with the risks as you have set. Max loss per trade is 2%, if all trades loss I’ll have a max loss of 6% for the three open EAs. I calculate the lot size based on the EA stoploss at 2% loss. It should be noted that most often only one out of the three will lose, and often it is less than the SL as there are trailing stops. So far in November, I’ve had one 6% DD, and I’m up 17%.