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Can I ask what the requirement for a non-swing account is? Do you really need more than 1:30 leverage? I have passed MANY prop firm challenges using EA Studio as shown here: https://platform.algotradingspace.com/forums/topic/many-prop-firm-challenges-passed-with-ea-studio/
I always choose swing accounts and never pay any attention to news at all. I suppose it depends on the system that you are trading but the strategies behind the prop firm app have shown in the back test that they do not require news turned off and its just an option.
I guess my main question to EA System is why do you need more than 1:30 leverage? Other than that suggestion for additional slickness are sensible, we will consider implementing 🙂
Hi, you will need access to a computer in some form to be able to trade EAs. As a minimum you would need a cheap VPS such as the one from contabo which starts at 5.36 Euros a month and a cheap laptop that can login. Powerful expensive computers would not be required to run the EAs from the app. Even a chromebook would do so you can login to your vps. And minimum deposit depends on your broker but typical 200 dollars would be the minimum
Hi, I responded here: https://platform.algotradingspace.com/forums/topic/prop-firm-eas-access-issues
Hi, that is a good suggestion. News can unfortunately affect things and we just avoid opening new trades around the news. The problem with what you have suggested is that it would make accurate backtesting a problem. Also as currently the backtest will capture this behaviour accurately, with a good backtest it will show that over the long term the news spikes are not causiing a problem even if on occasion they can cause a loss.
Hi Epien, I am unsure why this isn’t working. BUT I have been using EA Studio for many years (Please see this for further information on results: https://platform.algotradingspace.com/forums/topic/many-prop-firm-challenges-passed-with-ea-studio/)
And I personally just use the inbuilt premium data to generate in EA studio as it is the best and has dynamic spreads included.
For simplicity I would recommend generating with the Premium data in EAS, then checking on one of the other inbuilt data sources such as darwinex or blackbull and then finally before trading perform a full tick backtest on the EA in Mt5 on your selected broker.
Spreads and commission should be used when backtesting and these will be included automatically inthe MT5 backtester at the end but should be input in EAS. If you need further help then just reach out 🙂
Hi, for the course the top5 EAs are replaced monthly and so there is no need to buy again, just download the new ones each month. As to first question, how long have they been running for, they will run on any account and do not require any license or other such hurdle. It could just be that they need more time to find an entry.
Also in finding good results I have put up two recent threads that may assist:
Hope these are helpful and feel free to ask any more questions.
Cheers,
Sam
Hi Phuong, just keep working through and asking questions and you will get there! Consistency is key, we all have different commitments and structures in our life, just gotta keep chipping away at learning a practicing.
Hi Harraf, can you please email [email protected] to confirm but I am pretty sure that coupon has expired.
There is however a big promotion at the moment using SUMMER30 see here for details https://platform.algotradingspace.com/summer-sale/
Hey Alesemo, yes thats a great start. Less is okay though, you just need a few trading at a time. If you get up to 10 then great but 3 is fine too. Also great to hear about results after a few weeks but also remember that a few months performance is much more important and really even what the max stagnation is for the strategies too.
Hi Angus, I am assuming you are asking about doing this with EA Studio or FSBPro EAs? This would need some modifications to the code to do though. Can you elaborate further exactly what you want to do please?
Please ask any questions and I’ll be happy to help further an keep an eye out for future video which I will post a link to here that will further break this down and go into some more detail. Let me know how you get on.
Now for the Prop Firm Robots App
For this I would recommend an ALMOST identical approach to the Top 10 App process as described above.
However I would make ONE tweaks specifically:
1 – Rather than using the randomize feature to get unique strategies I would ensure trading 3 pairs and 2 strategies for each (or 2 pairs and 3 strategies for each). This way it will be extremely unlikely that correlation with other traders will occur (If you want me to further elaborate on this then just ask bellow) – Note that this can also be applied to using the top 10 app for passing Prop Firm Challenges.
And that’s that. Just do the same as described above, check your drawdowns using fx blue weekly and only make changes if required.