You have commented, at an earlier post, my proposal for naming of EAs. What you are writing about in this post I had implemented with my token system – and I am changing magic when changing some parameters in a strategy. And the system works well. As you have proposed, I kept only three tokens.

But I am also grateful that you are sharing, with us, your mistakes. It helps me and others to avoid doing the same errors and to choose better solution already from the beginning.

For me to be able to say “I have made some mistakes” or “I don’t know the answer to a question” is a sign of maturity. Unsecure people will always have answers to any question and have difficulties to admit that they are wrong.

Leon

As for the website for EA analysis, I realised some of my early mistakes and here to share with you so that you can avoid my same mistakes.

Whenever you make some changes/amendments to your EA, be it SL, BE or TP or additional conditions, do change your magic number.  Eg 2401.1 to 2401.11 so that your statistical results would differentiate your past results and start a new record via a new magic number to reflect the new changes you have made so that you could monitor the progress.  My mistake was, when I made changes to some of my losing EA and I didn't change the magic number...from the EA analysis, I wouldn't able to tell how my changes has impact or improve my EA.  (I know that sounded common sense...but that's because I didn't have the EA analysis tools to begin with...hence, now I restart all my accounts afresh so that I start to record all my EA statistical results with greater care, cos I'm going to do my elimination and selection base on it).

What I'm looking for now is each individual's EA performance, (profit factor, win ratio etc), I'm not too concern about the account's balance sheet.  That's later part, when I've shortlisted my EA and then the issue of money management and balance sheet becomes the next phase of my goal.

You might note that by using the'Market' section of FSBPro a user is able to manipulate data periods to any required extent, merely by changing the dates. This can take seconds and a complete analysis is available immediately.

Within an hour a person can evaluate performance over a million bars.

Contrast that with managing MyFXbook or FXBlue over many weeks to get a few thousand bars.

FSBPro has been designed to give  a trader quick and accurate and detailed results without having to go to other sites. The analysis in FSBPro is adequate for professional traders.

Of course it is up to the user to explore all nature of sites and additions, however, all the tools are within the software as it exists.

If you actually want to know what your strategy can do......... get a sufficient amount of data and process it with the tools in FSBPro and then get on to the next step.

Hi LeonHerd,

I've found another website that would help me analyse my EA performance more effectively and user friendly.  Now I can easily filter/shortlist/select out good EA from my list of hundreds EA.  What a relief.

Here is the link http://forexsb.com/forum/topic/5832/usi … rformance/

Thank you Hannahis for your input! FX Blue is now added to my tool box.

Also, thank you Mr. B. for your views.

Diversity of opinions on this forum allows me to draw my own conclusions and to acquire better compass for my own way through the jungles of Forex.

Multi Markets tells the story in a couple minutes, especially if using OOS.

Try three time frames and the bitter bit is laid bare.

The Monte Carlo is ruthless with evaluation..... we just have to fiddle with the parameters a bit to get the truth.

Between those two is just about enough to prove the worth of any strategy.

Takes only 15 minutes to  verify validity. no need to have time consuming observations.

No need to complicate strategy evaluation, just use the tools in FSBPro and save time for development.

I've found another website that would help me analyse my EA performance more effectively and user friendly.  Now I can easily filter/shortlist/select out good EA from my list of hundreds EA.  What a relief.

Here is the link http://forexsb.com/forum/topic/5832/usi … rformance/

I am not at all applying hedging or planning for hedging. Each of my EAs should work independently, by itself. Today large market jump was not, in principle, visible from the earlier market behavior as it was fundamental in its core. You can, of course, guard yourself by applying proper TP and SL to minimize your losses.

But in my post I was just analyzing if my setup - many EAs working together; but each on its own- will maybe behave collectively in “hedging” way when such big move will happen.

Leon

Quit hedging and start working towards what you really want.  Often in the midst of my hundreds EA, there are bound to be some hedging because some EA use different time frame as their determining factor for entry (although all my EA are running in 1 min time chart) and hence, the effects/incident of hedging is inevitable but not deliberate as my trading style.

No, EAs didn’t behave correctly. I have yet to adjust SL and TP to make them more resilient. But it is the next stop in optimization of my EAs. Market returned back to the previous level so everything seems OK, but it could be different and I have to take this into account working on adjustments.

But as I am trading in parallel with 12 EAs (12 for now, but maybe even more strategies in the future) statistically approximately half of them should be opened long and half opened short (some kind of hedging or lock). Of course it is only very approximate supposition; I have to check this against reality – maybe this theorizing is totally wrong. Probably I have to engage a lot of EA’s to achieve this hedging behavior.

Leon

Did your EA manage to capture the down turn in the EURUSD that just happened 2 hours ago?

With the right tools in hand, it's much easier for us to develop and fine tune out EA.

All the best for your endeavour and thanks for contributing to the FSB community to keep up the spirit of sharing and giving

How wonderful! Now I have in my hands main tools to work with strategies in the most effective way!
And you help me to quickly find shortcuts towards this objective. I am much obligated and hope to be able to give, with time, something back to you and the members of FSB community.

I am now immediately diving into the deep ocean of Forex. And I have my tools - FSB Pro + MyFxBook+Excel – to catch (hopefully) the big fish. But even small fishes are accepted; hopefully they will come in shoals.

Once again – Thank you,

Leon

If you want a quick glance at which EA is the best performer, then you can click at the "Custom Analysis" at the top right hand corner (screen shot 1). From the "Custom Analysis", you can choose the period and which EA (you can select some or all of your EA for comparison) you want to analyze under the "Magic" Tab/section.  The EA with best performance can be seen as the one with the highest curve (if you bring your mouse to the graph/curve, you will see the magic number of the EA/description of the curve/graph).

Near the top right hand corner, you can choose to export (with a scroll down option), choose CSV.

Here is how it looks like in the exported csv (excel) file.  No need to add row by row etc.  All the information/column/rows are down in an instant when you export the csv file.

You can click on whichever column to sort your data in ascending/descending order, eg. click on top of the Magic column and your data is sorted according to each EA.

I found that MyFxBook will not allow me to export tables to Excel. As I have 12 strategies to analyze, it is not possible to “size” detailed information by approximate means of sorting tables by columns. I should want to be able to add all entries for each concrete strategy into Excel, in this way summarizing the results.

Did you find some clever way to approach this question? To do this work manually (transfer row after row into Excel) is not the way, especially as I have only one day’s results and those are already a long database to analyze. I have been sorting info from MyFxBook using different columns heads – and this will give some valuable information, but it will not give me the total picture for each strategy, only an approximate impression.

It is very valuable for me to understand how to use LTF. So I will transfer to you the best 1m strategy developed until now. But have patience. I have first to find which one is the best! (which is the main question in this posting!)

If you don't really sure of transferring your other time chart to 1 min, you can PM me and attach your EA, and I'll transpose it to 1 min, from there you can see how I do it and how to incorporate LTF function into it as well.  No obligation,  at your comfort level.

Hope you will learn more about your EA behaviours from observing their entry n exit performance so that you know which opening/closing conditions are most efficient and why others "fail"  Try not to discard EA till you know why it failed, otherwise we learn nothing from it.  There are no failure, only results/information to learn from

“I’ve come to believe that all my past failure and frustration were actually laying the foundation for the understandings that have created the new level of living I now enjoy.” –  Tony Robbin

I will, in the future share some of these EAs on FSB forum, but first I want to be sure that it is quality I am sharing and not just potentialities – i.e let me first test those EAs under some longer time period.