Maximizing Profits

[richard96816]

Assuming you've created one or more profitable EAs here, how does this scenario stack up?

1. Put a few tested instances of your EAs on one of your accounts to start reaping the rewards.
2. Look for more compatible currencies and test them.
3. Test new instances with 0.01 lots on the live account because Demo account data is not fully compatible. Most of my tests are profitable anyway.
4. Increase lot size on winners and remove less profitable ones.
5. Eventually fill the account with profitable EAs and a constant flow of new ones.
6. A mix of overlapping EAs makes up for periods with no trades.
7. Expect a few margin calls due to fxDreema aggressive risk management of 0.01 lots.
8. Adjust for maximum capital utilization.
9. Maximize profits!

I would much appreciate ideas and opinions on this approach.

Thanks!

Richard

[Andermaiden2nd]

@richard96816 I have two questions:

1. The tests you did that you say are profitable, which data are they made with?

I say this because if you use MT4's default tick data (which is Metaquote's tick data) you'll be in the realm of fantasy more times than not (more so if you go for scalpers or anything price-sensitive). For MT4 the only sort of solution I've found is "Birth's Tick Data Suite", a program that merges with MT4 and let's you use actual tick data from some brokers (at first it was only from this swiss broker called Dukascopy but now there is from a couple other brokers too). It's not free, it costs about a hundred bucks and you'll also have to download some Gigabytes of tickdata but it's worth it.
If you use MT5 though, I think it comes with better tick data or at least with spread, but I don't know how reliable it is 'cause I don't have experience with it.

2. I don't know what you ment by "Expect a few margin calls due to fxDreema aggressive risk management of 0.01 lots" so please explain.

As for the other points I don't see any fault.

[richard96816]

@andermaiden2nd Thanks for the response.

1. I've learned that basing everything on fxDreema's Once per bar makes it so you never need ticks again. When I test with ticks after optimizing with Open prices only the difference is often less than a dollar, net profit (<1%). Ticks are not necessary. Even with one minute charts, which is my preference. Buying tick data is simply unnecessary.
   Besides, external data is not compatible with your broker. The only data to use is your broker data. And maybe not even demo data. One of my brokers demo data differs from live. The other, forex.com, is solid -- demo and live are exactly the same. So far, anyway.
   I can't image getting away with using anything but your particular broker's data. This is not the stock market. Read your contracts. They reserve the right to modify the data, and they do, big time.
2. fxDreema rounds UP after computing lot size if the result is less than 0.01. So if you plan on filling up an account with EAs and relying on fxDreema to compute lot size, expect margin calls. Or be sure to oversize your account or put manual limits on your EAs.
   When you hit your margin limit and several EAs try to open trades they'll bust your limit.
   Your broker will be taking your money. So be careful.
   The round up is apparently a feature having to do with too many new users not getting any trades.
   I've had three EAs round up simultaneously on demo, that's how I found out about it.