First of all, one precision: My account is in cents. Yes, in cents, because i was not crazy enough to test so much numerous EA with a true 10 000$ account.
Instead, in this account: 10 000$ in the account = 100$ in reality and 1000$ = 10$, etc.
But the spread signal and everything is the same as a standard account so it is real good for live account testing.
Now to answer your question:
Yes it is possible but you must follow them closely to see what each is doing and also what what they do as a whole. As you can see in the graphs, i had some loses at the beginning because i was testing lots of EA and eventually, lots of them, i had to flush them out. (Those i flushed are not in the list)
To be honest, at first, i had only 1 or 2, but i was a little greedy and wanted a way to get more, more rapidly... so after thinking about it, i realized that there was only 3 choices:
1- To increase the risk % in the money management of some few EA i had or... 2- To get more EA with each the same low % risk. 3- Open multiple account with a mess of multiple MT4 open everywhere.
I chose 2 because the secret in any investment is DDD 'DIVERSIFY, DIVERSIFY and... DIVERSIFY' so i only had to find more profitable EA that DON'T do the same as the others. And put them together to see how it goes. By the way all my EA are set to 3% risk. But i admit they don't all calculate the 3% in the same way. Programmer's choice, i guess...
I didn't chose 1 because, obviously, too much risk depends on too few EA and that is too dangerous in the long run.
I didn't chose 3 because, beside the mess of MT4 open everywhere, the power of a good big free margin in an account is PRICELESS. And how to get the best margin possible? By putting all your money in the same account. As an example, in that account i can trade a min of 0.1 lot with 10 000$ free margin for my 100$, nearly everywhere else i would have had only 0.01 lot for 100$ free margin for my 100$. Now what is the best?<img src='' alt='😁'/>
And once i found what EA works and what don't then by looking at the balance graph you can see that now i am in profit.
In fact, i am even more in profit than it appears. Why? Because i receive a rebate of 0.5 pips for each trades that close with +/- 4 pips and those rebate are deposited directly in my account each month so in the stats they appear as 'Deposit' when in truth, they should be considered 'Profit'.
So the more EA i have, the more trade i do, the more rebate i receive and the more profit i have. <img src='' alt='😁'/>
And YES, you are right !!! I would love that an option would be added in the stats to allow me and anyone else to sort out the stats by different EA on the same account. Maybe by using the magic numbers or simply the comments in the history... That would be useful and far simpler for me to follow each of them. <img src='' alt='😁'/>
biz0101 posted: So how do you measure success rates of each ea currently?
Why not use just one on each account?
I follow very closely each trade made by each ea so i can know if one is profitable in the long run or not. It's easy if you think about it: Each ea write his own comment for each trade so i always know which ea made which trade. Starting from that, all i have to do is keep track of each of them to see if it have some potential or not.
As an example: If i see that the trades done with the comment 'xyz' are nearly alway losing trades, then i will flush the ea 'xyz'. If i am not sure for a ea because it's not always obvious, then i can always calculate manually the trades of an ea to know if it deserve the chance to keep running or not.
As to why i don't just use one account for each ea, there are 2 reasons:
1- I REALLY don't want to have to follow a whole bunch of MT4 platform opened everywhere. For that, it's just a personal choice, i guess...
2- This one is the most important: Because of free margin. That enable me to test some ea that are not usable (at least at reasonable risk) on low margin because they would blow out the account. But with a high free margin i can test those that, instead of blowing the account, suddenly become very profitable in the long run. This apply usually for the most part for those ea that use grid trading as strategy. Those usually require more than 10 000$/ea as free margin to work efficiently even if people who sell those always tell that it requires much less (they say usually 2000$-3000$). Never believe them to run an ea in the long term, it's far too dangerous! In fact, i even saw some ea that i would never trade under a free margin of at least 100 000$.
Hope that answer your questions properly.<img src='' alt='😄'/>
Just a suggestion to go and purchase the Advanced Droid Tactics eBook to get more money out of Megadroid. The only potential downside is that if you are running MD 1.20, then the ADT setups may not work. Check out this site: https://www.droidtactics.com/
I think his strategy works best on brokers that don't care about FIFO or Hedging. Also, I have already tried and returned the IVYBot and recommend you do the same... it is over optmized/curve fitted.
I took a look at the 'Advanced Droid Tactics' like you told. I was aware of it but never took the time to look at it before, and if i had to write a review, it would looks like that:
Pros: It's an interesting, simple and efficient way of boosting the frequency of trades with MegaDroid v1.11. Because we all know that MegaDroid doesn't trade very often.. At least the v1.11. Te MegaDroid team said that the v1.20 should trade more often... Is it true? And if yes by how much? No way of telling yet and i will know after letting it run for a while.
Cons: Like i said, it's a very simple idea. So simple that everyone already thought of it and to pay just to have someone tell you the obvious is... Put the word you like here... But yes it should work. As for using it myself, i won't. For 2 reasons: Simply because my goal is to get the best of each EA and i already have enough to follow around, and each time you get the 'extra settings' from everybody around you ussually ask your EA to trades a little outside his best parameters. It's sometimes good to get better profit. But rarely good to get better 'profit factor'. And because my system of multiple EA is exactly for that, to get the best profit factor of each to minimize as much as possible the overall drawdown, then it would not fit my trading strategy. Besides, like you said, at least for now, it is just for the v1.11 and since they changed the trading logic with v1.20, it is not sure that it would still work.
Conclusion: If you have just one EA or not more than 2 or 3, i would recommend using it, at least trying it. But i would not pay for it.
As for IvyBot... True! It is not so good. But not so bad either (up to date...). As long as you don't use their aggressive settings... In fact, until now, the biggest problem is the USD/JPY pair that seems to nearly never win. But the rest seems to be going fine. It is a slow growing EA. No fortune will be made quickly with this EA. And since it is the kind of EA that depend on regular optimization to trade at his best, it is not one of my favorite EA. I usually don't like any EA that need regular optimization because it means that an EA:
1- Don't adapt itself to a current change in the market. 2- Is optimized only for the last 3 months (usually...). So if the change is NOW then all hell can break loose in the account.
The only thing that made me try it is the fact that, in long term backtest, it performed well. Slowly... but well. EA that need regular optimization and are over optimized for the last months usually don't do that. So that made me give it a try. So i will let it run still a little longer to see how it goes. Future will tell...
- DragonPips Ultimate v2.01 is an overall good scalper. Best pair to worse: GBPUSD (VERY good) EURCHF (average) EURUSD (barely make some profit) EURGBP (don't even think about it). One of my favorite because of its performance with GBPUSD.
- Euro-Blaster v3: I use it and it doesn't lose often but when it does.... ouch!!! Caution with this one. Stop loss is huge.
- FedoraFX: Slow grower but constant. You must accept to have martingale on your account. But the Fibonacci tactic works very well. I surprisingly like it.
- Forex Accumulator II: Scalper that surprisingly works well up to date. Unfortunately i can't find Accumulator III anywhere. If you have it, let me know.
- Hi-Net Grid Strategy v3.1.9: A grid trading system using martingale. Very profitable but can be very dangerous if the market makes a huge move. Drawdown can be huge with this one.
- Hi-Net Hedge Grid Management v2.0.5: Same as the last one but use hedging and trade only GBPUSD. Can be even more dagerous than the last one.
- IvyBot v4.9: Very slow grower. Despite the bad reputation of the coding, it is constant. USDJPY is not so good but the rest is ok. I can't find newer version than v4.9 so if someone have it please let me know.
- MegaDroid v1.21: Very good scalper for EURUSD. But unfortunately it doesn't trade often at all.
- Megadroid Pro v1.01ee: Same as the last but trade also more pairs. But again: Don't trade EURGBP !
- Naminori Bill Final v9: May be my favorite ! Trade only AUD/CAD and average usually only 1 trade/week. But it is always a good trade and it never lose due to a smart and limited martingale.
- PipMaker v16: A kind of limited grid trading with limited martingale that works very well and can be adapted to almost any pair.
- Robominer II v2.18: Very smart standard Grid trading. Always constant. Another of my favorite.
- Robominer Pro v1.02: Same as the last one but can be adapted to any pair. Or do like i do: use it with the same pair in complement of the Robominer II. Very efficient but obviously requires more free margin.
- Volatility Scalp EURCHF D01: Good scalper for that pair. No more no less.
- Volatility Scalp Eurocross D05 non-FFCal: VERY good scalper for EUCHF and the only scalper i ever saw that can still make some buks with EURGBP. One of my favorite. May even work on some other pairs but i never tried it.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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