Hello,
I have a number of EA's running on several charts on a demo account. I wanted to know what is the best way to find out which robot is the best performing not most profit?
Thanks
Ross
I have a number of EA's running on several charts on a demo account. I wanted to know what is the best way to find out which robot is the best performing not most profit?
Thanks
Ross
Nov 19 2020 at 05:57
As you are already using a demo account, try and test them on your demo account first and then, go live with them.
Dec 02 2020 at 09:06
Statistics will be your best assistant. Analyze the number of profitable positions and those moments when it does not help you to make a profit. And try to be as critical as possible. This is your future.
Centrillador
Dec 10 2020 at 09:17
The one that is giving the best results is obviously the best one.
Dec 15 2020 at 10:01
Isn't profit the best quality indicator?
Use what brings you the money you want.
Use what brings you the money you want.
Just remember that any robot/strategy/system has a specific shelf life and application conditions.
So don't trust it blindly.
Check everything.
And change it as soon as it stops giving you what you need.
So don't trust it blindly.
Check everything.
And change it as soon as it stops giving you what you need.
Jan 06 2021 at 09:10
I like the system but I’m not completely sure about this. It will be better if you share more about this, thank you.
Jan 06 2021 at 10:06
rosscortb posted:
Hello,
I have a number of EA's running on several charts on a demo account. I wanted to know what is the best way to find out which robot is the best performing not most profit?
Thanks
Ross
You can insert a comment for every EA so in the platform mt4 u can search the comment and see all his trades, is very usefull if you have more than one EA running in one account
Experience is the hardest teacher because she gives the test first, the lesson afterward.
This method is really effective and makes sense.
Jan 07 2021 at 08:34
Maitlandniles posted:What would you consider ‘best’ to be: most consistent or higher profits now and then?
The one that is giving the best results is obviously the best one.
philipsimmions posted:Maitlandniles posted:What would you consider ‘best’ to be: most consistent or higher profits now and then?
The one that is giving the best results is obviously the best one.
You could have one that opens ten trades, 9 losing but the one win outweighs all the losses but not sure that's what you would want in an EA.
Jan 08 2021 at 04:04
philipsimmions posted:I would vouch for consistency always, whether profits are big or small wouldn’t matter.Maitlandniles posted:What would you consider ‘best’ to be: most consistent or higher profits now and then?
The one that is giving the best results is obviously the best one.
philipsimmions posted:I want both! And that’s precisely why I am using 2 strategies for trading. I scalp (mostly eur/usd on fxview because of tighter spreads) for short term almost everyday gains of few pips. For longer returns I have invested in some blue chip companies with XTB.Maitlandniles posted:What would you consider ‘best’ to be: most consistent or higher profits now and then?
The one that is giving the best results is obviously the best one.
Jan 08 2021 at 10:41
Of course, you would want the EA that will give you the biggest profit in the long run. Though, it might be best to have multiple EAs to diversify. I will always go for consistency rather than getting big profits here and there.
Trading is a marathon, not a sprint.
Jan 08 2021 at 13:23
davidkew posted:That’s a good approach. And blue chip tech companies especially are poised to do very good, some even give good dividends.philipsimmions posted:I want both! And that’s precisely why I am using 2 strategies for trading. I scalp (mostly eur/usd on fxview because of tighter spreads) for short term almost everyday gains of few pips. For longer returns I have invested in some blue chip companies with XTB.Maitlandniles posted:What would you consider ‘best’ to be: most consistent or higher profits now and then?
The one that is giving the best results is obviously the best one.
Jan 11 2021 at 04:51
davidkew posted:I am scalping using Oanda but the fees is not suiting me. Currently also using a demo account of fxtm which has commission fixed at $4, how much is it with fxview?philipsimmions posted:I want both! And that’s precisely why I am using 2 strategies for trading. I scalp (mostly eur/usd on fxview because of tighter spreads) for short term almost everyday gains of few pips. For longer returns I have invested in some blue chip companies with XTB.Maitlandniles posted:What would you consider ‘best’ to be: most consistent or higher profits now and then?
The one that is giving the best results is obviously the best one.
Jan 11 2021 at 05:48
if anyone can explain detail that will be great
Jan 11 2021 at 06:05
Mikehussey posted:You might want to check MogaFx. It's an Australian broker. No commission, only spreads. Feel free to message me if you have questions.davidkew posted:I am scalping using Oanda but the fees is not suiting me. Currently also using a demo account of fxtm which has commission fixed at $4, how much is it with fxview?philipsimmions posted:I want both! And that’s precisely why I am using 2 strategies for trading. I scalp (mostly eur/usd on fxview because of tighter spreads) for short term almost everyday gains of few pips. For longer returns I have invested in some blue chip companies with XTB.Maitlandniles posted:What would you consider ‘best’ to be: most consistent or higher profits now and then?
The one that is giving the best results is obviously the best one.
Trading is a marathon, not a sprint.
Mikehussey posted:$2 for $100k trade. Includes both entry and exit.davidkew posted:I am scalping using Oanda but the fees is not suiting me. Currently also using a demo account of fxtm which has commission fixed at $4, how much is it with fxview?philipsimmions posted:I want both! And that’s precisely why I am using 2 strategies for trading. I scalp (mostly eur/usd on fxview because of tighter spreads) for short term almost everyday gains of few pips. For longer returns I have invested in some blue chip companies with XTB.Maitlandniles posted:What would you consider ‘best’ to be: most consistent or higher profits now and then?
The one that is giving the best results is obviously the best one.
Jan 12 2021 at 04:48
Mikehussey posted:had traded with fxview recently and the commission is just 2 euros per 100kdavidkew posted:I am scalping using Oanda but the fees is not suiting me. Currently also using a demo account of fxtm which has commission fixed at $4, how much is it with fxview?philipsimmions posted:I want both! And that’s precisely why I am using 2 strategies for trading. I scalp (mostly eur/usd on fxview because of tighter spreads) for short term almost everyday gains of few pips. For longer returns I have invested in some blue chip companies with XTB.Maitlandniles posted:What would you consider ‘best’ to be: most consistent or higher profits now and then?
The one that is giving the best results is obviously the best one.
