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Gareth,
We all get that error message from time to time so just ignore it. You can simply delete if you wish or just leave it there. EA Studio is still working correctly and gathering collections.
Chi,
After completing the FTMO Validation you will be given a live account to trade. If the FTMO live account you trade is profitable you will then be able to take profit.
Chi,
You have not properly installed the EA on MT4. Here is a video where Petko explains how to install an EA on MT4.
Trade breakouts at the London open 7AM GMT not MT4 server time.
London, New York & Tokyo Algorithmic trading: https://platform.algotradingspace.com/courses/algorithmic-trading/forex-expert-advisor-course/
Hi John,
I think question 2 would be better answered by Petko as it pertains to his money management method for FTMO.
About your other question. Use the Data Export script. https://platform.algotradingspace.com/software/expert-advisor-studio/ Then you can open the appropriate data file at File>Open Data Folder>MQL4>Files. Then open a data file. For example: EURUSD15 with notepad. Then look for Point Value. For example: “pointValue”:1.00000.
You can also import the data files into EA Studio and all the data, point value, swaps long and short, etc, will be added to the symbol settings.
John,
Answer to question 1: Like Petko says, when creating EA’s the backtesting includes all the news. Like Petko, I simply let the EA’s run 24/5.
Answer to question 2: Not sure I understand the question. Please rephrase the question for better understanding so I can properly answer.
Alann,
Hi Robins,
I think that it is worth a try.
Here is what I do: When I generate strategies I use different look back times such as 3 months, 6 months, and 12 months, etc. Also I trade all the major currency pairs and their crosses as well as all the minor currency pairs but I don’t generate all the strategies for all these currency pairs all at one time. I have a list of all these currency pairs. So I just start down the list. Everyday I will pick the next currency pair add it to the generator, choose a lookback time period, and let is run for 10 hours overnight. The next day I pick the best strategy and add it to my demo account. Then I pick the most profitable strategies for my live account. For me I feel this diversifies the currency pairs, the lookback timeframe, and the changing market.
So, don’t be afraid to experiment with various methods, test them and determine which works best for you.
Happy Strategies,
AlannHi Jaylon,
Turning off news events is an individual traders decision. Keep in mind that over the long term some news events will go against your trading and some news events will help your trading. So over the long term it will average out.
Now lets consider creating EA’s. When we create an EA we backtest it over the last 6 months to 1 year of more. Personally I backtest over the last 12 months. This means that the backtest includes all the news events over the last 12 months and has proven to be profitable. For this reason I do not close trades during news events. After I create an EA I will put it in a demo account and watch it for a couple of months. If the EA proves to be profitable I will then move it to my live account.
Hope this helps. If you have more questions about this subject just ask.
Alann
This image is MT4 Strategy Tester backtest of EA created by EA Studio. Broker is Oanda MT4 demo account($10,000). Profit is $3822 over last 12 months.
Paste your EA source code and I will take a look at it.
John: “Have you found any EAs that are consistent enough to beat the Prop firm challenges or stay within the drawdown rules?”
That’s the problem I had with using EA’s I had created with EA Studio was the drawdown. When using these EA’s in FTMO challenge I had to closely monitor the price chart. However, when creating EA’s with Forex Strategy Pro it has the ability to set the maximum account drawdown. For example a $10,000 FTMO challenge cannot fall below $9,000. So I can set the EA to close if it falls to say $9500. I have created a few EA’s now with FSB Pro and I am testing them now. Hopefully, this will allow me to set up an FTMO challenge and then walk away for a month. Also, the daily drawdown needs to stay less than 5% of account balance. FSB Pro can also do this. So, the only way I know to stay within the drawdown rules is to create them using FSB Pro.
John:
Your question: “Are they the EAs in the “Top 12 Eas I trade Live” course?”
Petko takes all the EA’s he creates and tests them in a demo account. He will monitor them for a few months. He will then take the best performing EA’s and use them in his live trading account. Another way in which Petko adds the best performing EA’s to his live trading account is to first backtest EA’s using EA Studio simulating the same method of testing as he does in his demo account. This approach saves backtesting time and works well.
If you would like to learn more how Petko tests the EA’s before he adds them to his live trading account and how he manages his live account I would recommend the following course: “ea-studio-professional-course”.
As to the “Top 12 Eas I trade Live” course, if you want him to confirm if he is specifically referring to these EA’s I would suggest reposting your question and wait for him to answer.
Hope this helps,
AlanJordy:
I would recommend the following course: “ea-studio-professional-course”. This course will teach you alot on how to create profitable EA’s, how to backtest them and when to add them to your live trading account. If you have specific questions about using EA Studio simply ask your questions in the proper place in the forum as I am here to help!Alan