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Hi Rocco, the settings you need depends on the strategy and the portfolio. For example if have a single strategy and it has 5% drawdown on the backtest with 0.1 lot size then if your prop challenge has an allowable 10% drawdown you could trade 0.2 lots. Adding an additional factor of safety anywhere between 1.5-2.5 is sensible also depending on your risk appetite.
If you then combine this strategy with another one to create a portfolio and the portfolio has a drawdown on 2.5% then of course the lot size can be doubled for each EA.
This is how I do things anyway. Hope that makes sense.
It does depend on risk appetite though to some degree
Hi Rocco, the settings you need depends on the strategy and the portfolio. For example if have a single strategy and it has 5% drawdown on the backtest with 0.1 lot size then if your prop challenge has an allowable 10% drawdown you could trade 0.2 lots. Adding an additional factor of safety anywhere between 1.5-2.5 is sensible also depending on your risk appetite.
If you then combine this strategy with another one to create a portfolio and the portfolio has a drawdown on 2.5% then of course the lot size can be doubled for each EA.
This is how I do things anyway. Hope that makes sense.
It does depend on risk appetite though to some degree
This is the fxblue link for the live account: https://www.fxblue.com/users/nordic2fvknmfunded
This account is now participating in Darwinex Gold with 80k euros current allocation. It is also now open to investor capital. See upcoming content videos on Petkos YouTube channel for further information and also happy to discuss and answer questions on here :-)
I have only needed to make 1 portfolio change on this account in the 15 months that it has been trading
This account just passed the challenge btw, I used the same EAs for the entire challenge except from removing 1 around halfway through the challenge. Happy to answer any questions and discuss on here and also look out for future content videos on Petkos channel from me :-)
Hi Stephen, sorry for the late reply
I tend to leave my EAs running rather than rinse them as regularly as Petko so my process is a bit different. I will be making Youtube videos ongoingly btw so look out for those as they will be helpful.
And yes I tend to favour H1 timeframe and find its better for longer term profitability, but also do well with M15 and M30
Yes John, I have been able to make consistent profits with EA Studio over time.
With any generation software there will ALWAYS be a portion of poor quality strategies as that is just the nature of the beast, however there are certainly good strategies in there. That is where effective robustness testing and experience comes in.
EA studio is just like any tool. It is only a bad workman that blames his tools (I am not calling you a bad workman btw but the saying definitely applies).
There is a learning curve and like anything the more you practice and more experience you get trading with expert advisors the better your results will become.
Will EA studio allow a complete novice to click a few buttons and trade profitably, highly unlikely. But that is a totally unrealistic expectation so that in the first place to start with.
HOWEVER EA Studio my opinion is an absolutely excellent tool at what it does (And in my experience the absolute best generator out there for both beginners and more advanced users alike). Can I and do I code my own more advanced strategies yes, but most of my portfolios are created using EA studio.
EA Studio will however massively speed up entry into the market, save an absolute tonne of time and effort and once proficient will effectively allow experienced users to create robust portfolios in the most efficient and easy way that I know of.
Trading is just like any other skill. Practice and experience are required but the right tools will help that streamline that journey to competence and EA studio in my experience is my favourite and in my opinion the best.
Hi David,
For the wrong file type just do the following:
1. Right click the file and select “Open With”
2. Check the box to say always open with selected program
3. Navigate to any metaeditor.exe file and all should be well
Let me know how it goes.
I trade my own Robots so am currently unfamiliar with Petkos process, I will review and get back to you. Usually I personally just use the same EAs that passed the challenge but lower the risk to about 70% of what I used for the challenge.
Hi Gareth/Alan,
Yes the steps above are how its done. I would add that I have noticed that certain hardware can be different so its a good quick and easy test for anyone new to do to optimize for themselves. I personally do get benefit from more that 3 reactors but it is diminishing returns. The main reason I run more is just because I run each on a different symbol. Its good to have an understanding of all this so the user knows how best to optimize depedning on what they are doing.
For example if you were just developing strategies for 1-3 pairs then it would be pointless to try to run more reactors (and in some cases would be slower as it is on one of my computers).
Hi Thorsten,
This time 2:00 – 24:00 will work for most brokers but you should check if it is set to yours.
You should of course backtest any EA on your brokers data before trading it and that may show up if there is an issue with your brokers time. I am sure Petko will confirm but I would consider the times above to be adjusted to UTC +2 with daylight savings, so quickest way to adjust if necessary would just be to clarify what your brokers time is set too.
Good Job Alan, this is exactly right.
You can see that for 1 reactor you are getting 6000 generations a minute but between 5-10 reactors your combined generations is 10000. So I would suggest that 5 is pretty optimal for you. Although 3 is getting 9000 generations per minute total which is also pretty good.
You must have good hardware, I find if I keep increasing the reactors then at some point I get a pretty drastic slowdown.
This is good info because it lets you save some resources for other things and also dont need to work the computer hard unnecessarily
Hi Gareth/Alan,
Definitely running too many reactors can slow things down but it depends on your hardware. My rule of thumb is a browser for each computer core works well so I run 8 on my 8 core computers.
However in this case I believe the issue was not this but that the browser was inactive and simply stopped churning.
You can easily test the slow down effect by doing the following:
Set a single reactor running and then time how long it takes to generate 1000 strategies (generate not collect), then open a second reactor and set running and time again. Continue doing this until you see a large drop in generation speed and you will know the optimal number of reactors for your computer.
But it’s important is making sure the browser is active so it keeps running.
Hi Alan,
Ill have to check what I get but this seems low number of generations to me so I expect you are working your computer very hard. Of course it depends on number of bars but I am pretty sure I get about 1000 generation every couple of minutes.
Maybe easiest to attach your settings file Gareth, there could be something with the account size or leverage preventing trades being taken. I see you are generating using 0.01 lots usually this is 0.1 so I am seeing a few flags of odd settings.
Hi Omkar,
Great, yes in this case of using generator I would recommend using Ea studio over FSB pro. Ea studio has a better generator, fsbpro is better if you have your own strategy ideas that you want to create. There’s more too it than that but conceptually if you are using the generator I would recommend sticking with Ea studio for now.
Also make sure you backtest using the open prices model.
Please do the following.
Import your broker data to ea studio
For an ea see backtest results in ea studio
then download the ea and backtest on mt4 using open price model and compare the journal files
The software is robust and matches well, many users including myself have these kind of issues/concerns early on. Let’s see how you go with the above and we can take it from there :-)
Regarding your struggles with matching fsbpro with mt4/5. I have several suggestions to help with that.
First though can you let me know why you are using fsbpro instead of Ea studio. I am assuming you are manually building strategies that cannot be created in EA studio??
The exercise of matching the backtests is most straight forward using Ea studio and mt4 initially I would say. But if you want to go straight to FSB pro and mt4/5 then all good too. Just needs a couple of additional considerations.
And info about your experience in fsbpro and ea studio will also allow me to help you better. Cheers
