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		<title><![CDATA[Forex Software — Hannah's Trade/Portfolio Management Tips]]></title>
		<link>https://forexsb.com/forum/topic/6824/hannahs-tradeportfolio-management-tips/</link>
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		<description><![CDATA[The most recent posts in Hannah's Trade/Portfolio Management Tips.]]></description>
		<lastBuildDate>Sun, 31 May 2020 16:46:48 +0000</lastBuildDate>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/60928/#p60928</link>
			<description><![CDATA[<p>Thank you for above explanation, great work and fantastic you share this information which prevents me from<br />trying to reinvent the wheel over and over or just see a couple of wheels which i did not see and doing ineffective<br />things for hours which can be done in 5 minutes work as well at the moment someone (you) explain where to find<br />the wheels to let the car rolling.</p><p>Stupidly i just found the youtube movie about how the portolio <br />expert generator works: https://www.youtube.com/watch?v=vEy91gvr1PE<br />mine option was greyed out so i thought it was an extra option but had to simply click recalculate.</p><p>Thank you for your great advise!</p>]]></description>
			<author><![CDATA[null@example.com (J02wQ5tHnWr)]]></author>
			<pubDate>Sun, 31 May 2020 16:46:48 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/60928/#p60928</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/60910/#p60910</link>
			<description><![CDATA[<p><strong>A) How to Remove Strategy from Portfolio Expert</strong></p><p><strong>B) How to Select a single Strategy from Portfolio Expert and view it in EA Studio</strong></p><p><strong>C) How to view my Strategies from my Portfolio Expert</strong></p><p><strong>D) How to Combine Strategies from 2 different Portfolio Expert into 1 Portfolio Expert<br /></strong></p><br /><p><strong>A) Remove Strategy from Portfolio (if you know the magic number)</strong></p><p>1. Open the Portfolio Expert via the Meta Editor (in your MT4 terminal)</p><p>2. Scroll down to line 629 and you will see the following codes below</p><p>void SetSignals(Signal &amp;signalList[])<br />&nbsp; {<br />&nbsp; &nbsp;int i=0;<br />&nbsp; &nbsp;ArrayResize(signalList,2*strategiesCount);<br />&nbsp; &nbsp;HideTestIndicators(true);</p><p> 3. Look for the strategy/magic number you want to remove from the Portfolio Expert and delete those lines and leave the rest intact.</p><p>4. Once you have deleted those strategies you don&#039;t want, you can save and compile the file.&nbsp; </p><br /><p>So if you have 10 Strategies and you only want to remove magic number 03, look for the codes for strategy 03 and delete those lines.&nbsp; You will then have 9 strategy left.</p><p>This method will retain your original Magic numbering system.&nbsp; Good for those who want to continue to track the performance of your EA in demo accounts.</p><p><strong>B) How to Select a Single strategy from a Portfolio Expert and view it in EA Studio</strong></p><p>1. Repeat the steps for (A) How to remove strategies from Portfolio Expert.&nbsp; This time you delete all the strategies(from 00 to 99 but keep only the Strategy number you want, eg 03)</p><p>2. Save and compile the file</p><p>3. Go to EA Studio, Under the Tab &quot;Strategy&quot; go to the scroll down menu and choose &quot;Import an Expert Advisor back&quot;</p><p>4. Click &quot;Expert Advisor&quot; to download the same Strategy as MT4 file.</p><p>You will be able to see your strategy&#039;s details from here and make any necessary changes etc.</p><br /><p><strong>C) How to View the Strategies from a Portfolio Expert in EA Studio<br /></strong><br />1. Use a Validator and make sure you use the same data set you use to generate this strategy (in Historical data)</p><p>2. turn off all other features such as Acceptance Criteria and Remove &quot;Resolve Corelationships automatically in the Collection tab</p><p>3. Check for the number of EA Calculated and Ascended.&nbsp; If you have 10 strategies in your Portfolio Expert, you should be able to see 10 being loaded, calculated and ascended.&nbsp; However if you are not using the same data set, some of your strategies that didn&#039;t have any net profit will be automatically deleted.</p><p>4. If you faced any problem whereby a particular strategy didn&#039;t get ascended, then you may have to save your strategies one by one using Method B (as mentioned above, Select a Single Strategy from Portfolio Expert) and Import each Expert Advisor Back one by one into your collection.</p><p>If you only have a few strategies, this method is bearable but if you have a lot of strategies, this method would be tiresome to do.</p><p>Furthermore, once you use the Validator method to bring back your Strategies into the EA Studio&#039;s Collection, bear in mind that the magic number&nbsp; may have changed in the process.&nbsp; Your original 1st strategy number 00 may not be the same number anymore.</p><p>When you export your strategies as Portfolio Expert (you lose the original magic numbering system) and hence this method is not suitable if you want to continue to track your EA&#039;s demo account performance.</p><p><strong>D) How to Combine Strategies from 2 different Portfolio Expert into 1 Portfolio Expert<br /></strong><br />1. Method A to remove those strategies you don&#039;t want from each Portfolio Expert.</p><p>2. Import your strategies back either using the Validator, as mentioned in (C) or if you have individual strategy extracted from the Portfolio Expert, you can import it back via &quot;Import an Expert Advisor back&quot; as mentioned in (B).&nbsp; </p><p>3. Each time your import an Expert Advisor back, remember to add that strategy into the Portfolio (the button next to download &quot;Expert Advisor&quot; (MT4 or MT5 version).&nbsp; Because if your strategy somehow didn&#039;t pass the validator due to negative net profit, it will not be shown in the collection folder and you need to add in to the Portfolio folder.&nbsp; </p><p>4.&nbsp; Download all your imported and selected strategies (from 2 separated Portfolio Expert, via Validator/import an Expert Advisor back) from the Portfolio Folder and go to Portfolio Content page to download them as Collection file.&nbsp; so you have both the Portfolio Expert (MT4 file) and the Collection file.</p><p>Likewise, the magic numbering system will be totally different from your original magic numbers, hence this method is good to start afresh in your demo testing but not when you need to continue tracking your strategies live/demo performance.</p>]]></description>
			<author><![CDATA[null@example.com (hannahis)]]></author>
			<pubDate>Fri, 29 May 2020 12:09:32 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/60910/#p60910</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/60688/#p60688</link>
			<description><![CDATA[<p>Hi JO2,</p><p>Sorry can&#039;t send exe file over the forum, I&#039;ve the EA manager set up file.</p><p>You can also explore Fxblue P/L Manager <a href="https://www.fxblue.com/appstore/6/pl-manager">https://www.fxblue.com/appstore/6/pl-manager</a></p>]]></description>
			<author><![CDATA[null@example.com (hannahis)]]></author>
			<pubDate>Sun, 17 May 2020 12:14:19 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/60688/#p60688</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/60687/#p60687</link>
			<description><![CDATA[<p>Thanks a lot for your help and constuctive answer Hannah!</p><p>Ok i will setup per pair which strategy the system should search for: ranging or trending and then<br />determine which piprange SL and TP will be best based on daily average range for say the last 30 days.</p><p>Thanks again stupid i overlooked this but the system can look this way much more selective, especially<br />with my poor 4 core cpu. Best investment in time will be a&nbsp; pc with a 3990x core with 64 cores i suppose. </p><p>I saw your posting regarding ea monitor from forextoolshed but unfortunately their website is down and<br />naturally cannot download it via webarchive (only see their old site content). Would appreciate it a lot if someone has somewhere the exe file somewhere. Would be great to use that for risk management since i&#039;m finding a way to set per example<br />max risk (+ open float) per EA per week whereafter it closes any open trades for that EA and pauze trading for it the rest of the week. Further as well a % where after that metatrader account closes all positions and stop trading for the week.</p><p>Further i&#039;m checking if&nbsp; EA management can be automated. Issue only that metatrader runs on windows and mysql on linux (for programming) but maybe with wine can extract some things. Most ideal would be to upload a lot of EA&#039;s to a system and let programming handle it. Where i mean: in the ea you could set a variable like net profit / max drawdown and then let the programming shift the best EA&#039;s from more worse so in the end depending on the rules set (DD etc) you can easily upload 1000&#039;s of ea&#039;s and handle much more then doing these things manually (kinda a much more advanced version from the portfolio manager but then more an EA manager) At this moment i just select which appear the best 5 strategies the reactor generates from that pair but moving it to MT4 takes al of time where ideally it would be with just a click in the Expert Advisor Studio. Could be nice to just use 50 of them and let the ACTUAL forward testing determine what EA is best fort hat timeframe/pair. <br />Last years i spend 1000&#039;s of hours of QA with node.js and ctrader with fix but issue was that backward testing was totally different then forward testing in results (wish i came/found forexsb earlier hehe ) </p><p>I am wondering if anyone already found something like this or worked on this since i prefer not to reinvent the wheel.</p><br /><p>Thanks,</p><p>Peter</p>]]></description>
			<author><![CDATA[null@example.com (J02wQ5tHnWr)]]></author>
			<pubDate>Sat, 16 May 2020 21:04:31 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/60687/#p60687</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/60678/#p60678</link>
			<description><![CDATA[<p>This post is to reply to another post elsewhere but I put it here to collate my comments in 1 place instead of scatter all around the forum.</p><p>It&#039;s taken from <a href="https://forexsb.com/forum/post/60638/#p60638">https://forexsb.com/forum/post/60638/#p60638</a></p><div class="quotebox"><cite>J02wQ5tHnWr wrote:</cite><blockquote><p>well above are my settings i use for generating strategies with the Reactor. <br />So i was wondering what i can improve to get a higher quality of strategies.<br />So far this week my indicated return for the total of the strategies i&#039;ve generated of +5300 euro per/day<br />but i&#039;m down 15445&nbsp; euro so far (all demo naturally) in 4 days so i was wondering what i can improve</p><p>If i could improve my real result to 5% of the expectancy i would be very glad.</p><br /><p>Thanks!</p></blockquote></div><p>Hi Jo2</p><p>You may want to make some changes to your SL and Take Profit settings to being with...</p><p>1) Your SL range will determine the risk factor and entry accuracy and the type of EA your looking for</p><p>2) Your TP will determine the types of EA you search for and determine your risk/reward, win/loss ratio</p><br /><p><strong>1) Stop Loss range </strong></p><p><strong>Daily Market Volatility </strong><br />If SL is too small and doesn&#039;t give &quot;enough&quot; room for daily market volatility, you ended up being stop out most of the time and suffer unnecessary loses.&nbsp; i.e EA exit (stop out) prematurely during price fluctuation</p><br /><p><strong>Risk adverse traders may suffer greater loses when set unrealistic SL that is too small</strong><br />If SL determine how much risk you are willing to risk per trade, however setting too small SL, you may end up suffer greater loses than the SL you set, eg many multiple SL combined.&nbsp; So do set realistic SL according to the types of EA you are looking for.&nbsp; If you are looking for Ranging EA, the SL is smaller compare to looking for a Breakout EA.&nbsp; </p><p><strong>How much SL to set? </strong><br />When price moved beyond the usual std deviation or daily range and goes into a breakout, that&#039;s when you know you are in the opposite direction.&nbsp; So you need to observe your chart and determine who much is the daily/weekly fluctuation before a breakout starts to happen.</p><p><strong>Setting SL too large</strong><br />If you set SL too large, you are giving too much room for mistake and essentially it means any lousy EA will pass this criteria.&nbsp; You ended up with low risk/reward ratio because each loss is very huge loss but higher win/loss ratio.&nbsp; Because your EA stay in the market longer (floating loss due to large SL), you hardly face any real lose and hence your win/loss ratio may look good but your risk/reward isn&#039;t impressive.</p><p>You also ended up with EA with very poor entry accuracy.&nbsp; EA will large SL means that you can only run a few of such EA per capital and that means you have fewer EA in your portfolio to diversify.</p><p>Setting an optimal SL will improve your EA&#039;s entry accuracy and generate EA with better Profit factor.</p><p><strong>What&#039;s the Optimal SL?</strong>&nbsp; <br />SL with enough room for daily fluctuation but not too high when it can&#039;t recognize when a trade has really gone bad.&nbsp; It all depends on what type of EA you are searching for? Ranging or Trending, positional EA, intra trading, swing etc.&nbsp; Thus understand the characteristics of the type of EA you are searching will help you understand their trading behaviours and thus help you understand what settings to use.</p><br /><p><strong>2) Setting your Take Profit</strong></p><p>TP determines how long you want to keep your position open and hence influence your risk/reward ratio.</p><p>It also depends on the Types of EA you are searching.&nbsp; Setting TP 200 pips (2000 points) means you are primarily searching for Trending EA.&nbsp; How often do you see markets move 200 pips in 1mth? This will also determine the number of trades you will ended up with in 1mth and the account stagnation you need to endure.</p><p>Search TP at 30-50 you are looking for ranging (depend on your currency pair&#039;s market volatility)</p><p>Search TP at 5 to 20 means you are looking for scalper (these suggestions are not cast in stone, if really depend what level of scapler, ranger or trending EA you are looking for, these settings are just examples).</p><p>When there is market uncertainties (ranging markets), you want don&#039;t want to keep too many open positions for too long.&nbsp; i.e. you don&#039;t want your Trending EA to be activated but your ranging EA to be activated instead.</p><p>Hence setting smaller TP will generate search that have more ranging EA and setting larger TP will generate search with more Trending EA (make sure your SL is also matching to these types of EA you are searching for).</p><p>Likewise make sure all the rest of your acceptance criteria are compatible to your TP, SL based on the types of EA you are searching for.&nbsp; Eg Trending EA tend to have low win/loss ratio and scalper need to have higher win/loss ratio.&nbsp; Trending EA has higher risk/reward whereas scalper has lower risk/reward ratio etc</p><p>In conclusion, if you are looking for ways to improve your quality of search with EA Studio, based on your initial SL and TP settings, I will definitely suggest you make some changes to the TP, SL range you are currently using (TP 10 - 2000, SL 10 -200 pips)</p><p>Ok I hope these tips help you out in choosing your EA Studio settings/acceptance criteria etc carefully and knowing how to use these settings lies in understanding the characteristics of EA you intend to build/search.</p><p>Wishing you the very best in your EA development journey</p><p>Cheers<br />Hannah</p>]]></description>
			<author><![CDATA[null@example.com (hannahis)]]></author>
			<pubDate>Sat, 16 May 2020 10:20:23 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/60678/#p60678</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/57511/#p57511</link>
			<description><![CDATA[<p>This attachment shows the 2nd Batch&#039;s trade performance results</p>]]></description>
			<author><![CDATA[null@example.com (hannahis)]]></author>
			<pubDate>Sun, 13 Oct 2019 11:35:24 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/57511/#p57511</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/57510/#p57510</link>
			<description><![CDATA[<p><strong>Using existing good EAS (EA Studio) Strategies as Preset to improve your trade results<br /></strong></p><p>Attached is the trade results of EAS strategies started on June 24 (16wks ago) and still trading.</p><p>In the next post is the Attachment showing trades results of EAS strategies started on Aug 24 (7 wks ago) till now (Oct 13)</p><p>The 1st attachment shows the 1st Batch of Strategies generated.&nbsp; I use the best strategies of this 1st batch as Preset and Re-generate a 2nd batch and demo test it (see the 2nd attachment, Aug 24 (7 wks of trading results).</p><p><strong>Strategies Generated using Preset achieved the following outcome...<br /></strong><br /><strong>1. Approximately the Same Net Profit in shorter time <br /></strong><br />As you can see, the 2nd Batch achieved approximately the same Net Profit as the 1st Batch in a shorter trade duration (16wk - 7wks = 9wks shorter trade duration).&nbsp; Hence, this 2nd Batch would achieve greater Net Profit if given the same trade duration (16wks) as the 1st Batch.</p><br /><p><strong>2. Better Profit Factor than the 1st Batch</strong></p><p>Overall the quality of the 2nd batch has better Profit Factor.&nbsp; In another words, the improved strategies (generated using Preset) is more stable, make more profit and make lesser loses and hence overall better Net Profit and Profit Factor.</p>]]></description>
			<author><![CDATA[null@example.com (hannahis)]]></author>
			<pubDate>Sun, 13 Oct 2019 11:22:53 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/57510/#p57510</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/55372/#p55372</link>
			<description><![CDATA[<div class="quotebox"><cite>Popov wrote:</cite><blockquote><div class="quotebox"><blockquote><p>Both options are for Long positions,</p></blockquote></div><p>You set logic for the <strong>long</strong> positions in FSB pro in EA Studio. The programs automatically compose and apply the mirrored rules for the short positions.</p></blockquote></div><p>Hi Popov,</p><p>What if....</p><p>1) I only want Short position because manual trading isn&#039;t quite like algo trading whereby the rules can be mirrored and reversed.&nbsp; What setting should I use?&nbsp; Cos the &quot;Price Move&quot; only has Long option to set.</p><p>2) And what if I only want Long positions, then I should add in another indicator &quot;Long Only&quot; so that it won&#039;t reverse and do a short isn&#039;t it right?</p><p>Note: I&#039;m trying to use FSB to automate my manual trading based on certain price level not measured by indicators and hence this EA is not going to run perpetually, it&#039;s only valid once per trade and once the price target is reached and trade executed (open and closed positions), this EA is meant to &quot;expire&quot; or retire</p>]]></description>
			<author><![CDATA[null@example.com (hannahis)]]></author>
			<pubDate>Tue, 30 Apr 2019 16:04:51 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/55372/#p55372</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/55369/#p55369</link>
			<description><![CDATA[<div class="quotebox"><blockquote><p>Both options are for Long positions,</p></blockquote></div><p>You set logic for the <strong>long</strong> positions in FSB pro in EA Studio. The programs automatically compose and apply the mirrored rules for the short positions.</p>]]></description>
			<author><![CDATA[null@example.com (Popov)]]></author>
			<pubDate>Tue, 30 Apr 2019 14:39:25 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/55369/#p55369</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/55368/#p55368</link>
			<description><![CDATA[<div class="quotebox"><cite>footon wrote:</cite><blockquote><p>No, Price move is not for long orders only, it opens both ways depending on the move, you can check it on chart.</p></blockquote></div><p>Thanks Footon, please enlighten me cos I may be blind sided....</p><p>There are only 2 options to choose</p><p>1) Enter LONG after an upward move, or </p><p>2) Enter LONG after a downward move.</p><p>Both options are for Long positions, how do I enter Short?&nbsp; Can you show me where I have missed out?</p><p>Thanks</p>]]></description>
			<author><![CDATA[null@example.com (hannahis)]]></author>
			<pubDate>Tue, 30 Apr 2019 14:18:35 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/55368/#p55368</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/55366/#p55366</link>
			<description><![CDATA[<p>No, Price move is not for long orders only, it opens both ways depending on the move, you can check it on chart.</p>]]></description>
			<author><![CDATA[null@example.com (footon)]]></author>
			<pubDate>Tue, 30 Apr 2019 12:19:59 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/55366/#p55366</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/55365/#p55365</link>
			<description><![CDATA[<p><strong>FSB FOR MANUAL TRADERS</strong></p><p>Hi Popov, </p><p>I understand the FSB doesn&#039;t create any pending orders.&nbsp; Pending orders are more for manual tradings and I understand there are a number of trading theories that can&#039;t be conceptualized into indicators and therefore can&#039;t be automated.</p><p>Nevertheless, I&#039;m thinking there is a way to create such Pending order so that manual traders can automate their orders and incorporate other algo/indicators rules into their trading theory to ensure a more timely/accurate entry.</p><p>There is an Opening Condition in FSB called, &quot;Price Move&quot; and I think this is a very useful condition/tool for manual traders.&nbsp; However, currently this &quot;Price Move&quot; is only for Long orders.&nbsp; If you can also allow users to choose &quot;Price Move&quot; with the options to Sell/Short, that would allow Manual traders to place their &quot;pending order&quot; by entering into either a buy/sell positions when price move by a certain number of points from the current price.&nbsp; </p><p>With the above mentioned suggestions, you would open up FSB to a new group of potential buyers/users whereby these manual traders can incorporate some other automated rules into their manual trading, the best of both world.&nbsp; </p><p>For example, if I want to place a pending order for Long when price hit my target price, I can use the &quot;Price move&quot; to enter Long when it move (more than) 1200 points, If there is another option to ensure it also didn&#039;t move beyond certain points such as move less than (1500 points) and in order to ensure that I have a greater chance of success/accuracy, I can use other indicators to ensure that other indicators are also pointing toward the same trend direction.&nbsp; </p><p>In another words, it would be good to have an indicator whereby I can place Long/Short orders when price move up/down certain range (between 1200 - 1500 points).&nbsp; Or a better option is to have an indicator whereby traders can enter the starting price or the target price.&nbsp; </p><p>Eg.&nbsp; Enter Long when price cross above 1.1200 but below 1.1300 and when Fast SMA is above Slow SMA and when CCI is above certain level etc.</p><p>If this suggestion can be done, it&#039;s the best of both world, especially for manual traders.</p>]]></description>
			<author><![CDATA[null@example.com (hannahis)]]></author>
			<pubDate>Tue, 30 Apr 2019 11:35:05 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/55365/#p55365</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/54526/#p54526</link>
			<description><![CDATA[<div class="quotebox"><cite>hannahis wrote:</cite><blockquote><p>Hi Popov,</p><p>I&#039;m in favour of having more opening and closing rules.&nbsp; Can you kindly increase the number of rules available for the EA Studio to generate the rules (with the option to choose how many max/min slots a user wants).</p><p>The reason I need more slots because I believe to build/search for robust EA, we need more slots for 2 types/components of rules.</p><p>Currently there are only max 4 opening rules and 2 closing rules available for EA Studio.</p><p>Over the years of building EA, I&#039;ve come to realised that a good EA need 2 MAIN components for it to be robust.</p><p><strong>A robust EA&#039;s rules need to consist of these 2 Main Components.<br /></strong><br /><strong>Component 1</strong>: Rules to Trigger a positions (Rules for making money)</p><p>These are the rules that identify the trends/conditions to enter.&nbsp; These rules formed the broader framework in which it allows the EA to find as many opportunities to trade.&nbsp; These are the signals that often play the part in helping the EA make profit.</p><br /><p><strong>Component 2:</strong> Rules to eliminate false signals (Rules for not losing money)</p><p>These are the rules to restrict/limit the 1st component rules to trade, in another words, it aims to eliminate trades during consolation/ranging/ambiguous trading conditions.&nbsp; In another words, eliminate false signals, prevent your EA from losing money.</p><p>In a nutshell, a good EA is one that not only make money but also that doesn&#039;t lose (too much) money.&nbsp; Often the main reason our EA fail is not because it didn&#039;t make money, but rather we having difficulties finding ways to stop it from losing money.</p><p>Of course lousy EA are those that not only losing money but can&#039;t even have a nice decent gross profit.</p><p>If we were to examine the EA&#039;s PF value, having a value of 2.0 and below simply means that our EA losing (Gross loss) majority of what it has earned (GP) and hence we ended up with a small Net Profit that resulted to having a PF value of eg. 1.3 </p><p>Hence, having extra rules to stop the EA from losing what it earned is far more effectively ways to improve our trading rules than to constantly search for new EA and given a limited opening/closing slots, the type or quality of robust EA is hence limited.</p></blockquote></div><p>I would like to continue my post above (<a href="https://forexsb.com/forum/post/54525/#p54525">https://forexsb.com/forum/post/54525/#p54525</a>) here in my thread </p><br /><br /><p>Ideally, I hope to have at least 8 or more opening/closing slots cos we need different indicators to measure the market pulses.&nbsp; In fact, I wish I can have as many as those in FSB Pro.</p><p><strong>There are 4 aspects of market pulses to measure/gauge, namely</strong></p><p><strong>1. Price</strong> (moving average indicators)</p><p><strong>2. Volume</strong> (volume indicators)</p><p><strong>3. Time </strong>(use of multi time frame but for EA Studio cause, convert higher time frame parameters into low time frames parameters)</p><p><strong>4. Movement </strong>(momentum indicators)</p><p>for even more in depth analysis, we would also have multi markets comparison (but not applicable for EAS/FSB).</p><p>Hence to read a market correctly, we need to consider using indicators from these 4 aspect to give us a better/clear signal of the market movement and hence eliminate false signals.&nbsp; And having more open/closing slots for EAS to generate would enable us to build/generate more robust EA.</p><br /><p>One of the best way to improve our trading performance (EA Studio) is to use an existing profitable EA and set it as a Preset Indicator.&nbsp; You will often find that your next new batch of EA will have better trading results than it&#039;s original EA (Preset Indicator/EA).</p><p>The 1 round of search by EAS are generally made up of Component 1 rules.&nbsp; Rules that generate profits.&nbsp; Hence one of the ways to improve the EA trading performance is to use a profitable EA as preset indicator and let EAS (EA Studio) generate the 2nd round of new EA/Collection.</p><p>We are essentially directing the software/EAS, to search and add rules to this existing EA to improve the trading results and how does one improve an existing EA&#039;s trading results?&nbsp; It&#039;s by reducing it&#039;s overall loses, i.e cut down losing trades due to &quot;bad&quot; signals.&nbsp; In another words, when we use a profitable EA as a Preset indicators, we are essentially searching for Component 2 rules, Rules that prevent EA from losing money.</p><p>So for those who have poor performance EA, don&#039;t lose heart and discard away your EA.&nbsp; </p><p>Put your EA back to EA Studio (EAS) as Preset Indicators.</p><p>Look for those EA (of yours) that has the highest of Gross Profit but because of it&#039;s losing trades (Gross loss), it&#039;s overall Net Profit/PF is low.&nbsp; Use this profitable EA as Preset Indicator and let the EA Studio search and add more rules to it and you will soon get far more better results than if you were to solely rely on the EA studio to search for EA only through 1 round of search.&nbsp; This 2nd round of searching via Preset Indicators would yield far better results than round 1 EA(s).</p><p>So if EA Studio has more opening/closing Rules, we essentially can turn every losing EA into a winning one, simply by adding rules to eliminate losing trades and putting the EA through several rounds of search/adding rules.&nbsp; <strong>Note: </strong>assuming in the 1st place these EA at least have some trading edge.&nbsp; With more opening/closing slots, we can put the EA through 2nd or even 3rd round of searching and eventually ended up with a very stable and robust EA.</p><br /><p><strong>Another method....</strong></p><p>Choose one of your EA that has highest Gross Profit.&nbsp; Optimise the EA and then choose one of these optimised EA as your Preset Indicator and let EAS go through a 2nd round of adding more opening rules.&nbsp; Again, you will probably will get better results than the original EA&#039;s trading performance.</p><p>Ok folks, I hope these tips would help you to build better and more robust EA and hopefully Popov see my line of reasoning and add more opening/closing slots to EAS so that we can put our EA through a series of Preset indicator search method like the ones I described above.</p><br /><br /><br /><p><strong>Entry Rules = Determine Risk</strong></p><br /><p>Lastly, I understand my train of thoughts may run contrary from those conventional ideas of having minimal trading rules so that the EA has greater degree of freedom.&nbsp; I personally defer from this line of argument.&nbsp; I think that the greater the degree of freedom an EA has, same goes the margin of error.&nbsp; </p><p>In another words, the broader/vague our trading rules are, the more margin of error (i.e. lower PF value) the EA will have.&nbsp; Having just 1 opening rule would give the EA a very broad trading allowance/scope.&nbsp; Imagine giving your children only 1 house rule, the kids will run amok because a lot of things/actions become permissible.&nbsp; Likewise the same goes for an EA.</p><p><strong>Less rules = Broader Scope = low entry accuracy</strong></p><p><strong>More rules = restricted scope = increase entry accuracy</strong></p><p><strong>Broader scope = Higher margin of Error </strong> (EA having low PF value).</p><p><strong>Higher Margin of Error = Higher SL setting needed</strong></p><p>With <strong>broader scope = Broader SL allowance</strong>.&nbsp; Because the rules are few, there is greater margin of error, you need to give the EA more room for error (floating loses = bigger SL setting).</p><br /><br /><br /><p>When an EA has vague i.e only 1 entry rule, it generally has a very broad rule, that means, a lot of market conditions are acceptable for this EA to trade.&nbsp; Along comes with such degree of freedom to trade is the greater the margin of error.&nbsp; </p><p><strong>Good entry rule(s) reduce Risk</strong>.&nbsp; It uses more rules/filters to reduce the risk of exposure by having good Entry accuracy.</p><p><strong>Good entry rule(s) increase entry accuracy</strong>.&nbsp; Entry accuracy means that EA enters into trade in a timely manner.&nbsp; </p><p>In another words, Bad entry rules = EA enter wrong timing and hence sustain high floating losing (negative profit) and hence imposed greater risk.</p><p>I find it impossible and highly challenging to build a robust EA only based on 1 or 2 entry rules that can so well determine such good entry rule(s) and resulted to having high entry accuracy.&nbsp; </p><p>Can anyone name me 1 super powerful indicator that can is so excellent to achieve good entry accuracy?</p><p>Thus, I believe good entry accuracy can only be obtained by having more rules to eliminate false signals so that essentially only those worthy market conditions that is worth the risk is considered as good trading opportunity.</p>]]></description>
			<author><![CDATA[null@example.com (hannahis)]]></author>
			<pubDate>Fri, 22 Feb 2019 17:05:31 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/54526/#p54526</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/54380/#p54380</link>
			<description><![CDATA[<p><strong>Trailing EA with Breakeven Function</strong></p><p>I&#039;ve been searching the internet for the most versatile trailing EA and Breakeven and I&#039;ve finally found one that incorporate both the trailing function and breakeven function into 1 EA and it&#039;s my favourite one <img src="https://forexsb.com/forum/img/smilies/smile.png" width="15" height="15" alt="smile" /></p><p>This Trailing cum Breakeven EA is unique as it allows your trailing to be activated ONLY when your position reached certain target.</p><p>Other Trailing EA has the following limitations/advantages:</p><p>1. <strong>The Trailing starts immediately</strong> irregardless whether your position is in floating profit or not (same as FSB Pro trailing, it starts trailing once a position is opened) and that forces you to choose a big trailing setting in order to give your EA &quot;space&quot; for market fluctuation but yet too large a space may eventually render your trailing setting to become redundant/ineffective.&nbsp; </p><p><strong>2. Others Trailing allows the option to trailing when in profit</strong><br />This is slightly a better option than the 1st one.&nbsp; You can have SL at 500 points but yet trailing at 250 points (activated only when position has a floating profit of 250 points.&nbsp; However, such profit trailing setting is very rigid because if I want to activate trailing when position reached floating profit of 300 but with a trailing gap of 250 points.&nbsp; This type of trailing EA can&#039;t offer the flexibility.</p><p><strong>3. Lastly there are some Trailing EA that give you the option to tailor make your trailing according to the market volatility </strong>with different levels of trailing activation (trigger point) and different trailing gap.&nbsp; And Vanesa Trailing EA offers traders 5 levels of trailing activation/trigger points (each level has it&#039;s own trailing gap).&nbsp; In addition, it also has the added function for you to add in 3 levels of Breakeven activation points (with it&#039;s each level&#039;s own BE SL).</p><p>So for those of you who wished the EA Studio/FSB Pro EA has trailing functions (in addition to your closing rules) and Breakout options, you can consider adding this Vanesa Trailing/Breakeven EA as an additional tools to your trade management.&nbsp; </p><p>Of cos ideally I would wish I can add in this codes into the Portfolio Expert itself so that I can run it in the MT4 terminal to backtest the effects of such extra trade management on my trading results.&nbsp; That&#039;s the only limitation I can see as for now.</p><p>Kindly check this Vanesa EA out if you are interested to add it as part of your trade management tool.&nbsp; </p><p>Here is the link <a href="https://www.mql5.com/en/market/product/10616">https://www.mql5.com/en/market/product/10616</a></p>]]></description>
			<author><![CDATA[null@example.com (hannahis)]]></author>
			<pubDate>Tue, 12 Feb 2019 10:57:26 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/54380/#p54380</guid>
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			<title><![CDATA[Re: Hannah's Trade/Portfolio Management Tips]]></title>
			<link>https://forexsb.com/forum/post/54290/#p54290</link>
			<description><![CDATA[<p>Dear All, </p><p>I came across a very powerful and versatile trailing EA and would like to highlight it here.&nbsp; By far, this is the most comprehensive trailing I&#039;ve ever seen.&nbsp; </p><p>I managed to negotiate with the developer to let FSB users have this Trailing EA FREE only for a limited time period (and on the condition that those who download it would give a fair and honest review on the Developer&#039;s MQL product review page.&nbsp; The developer took 2 years to code this EA and I think it&#039;s only fair to give him the due credit and kindness for him to share with you his EA for free.&nbsp; </p><p>Kindly go to <a href="https://www.mql5.com/en/market/product/35425">https://www.mql5.com/en/market/product/35425</a> to download this FREE Trailing EA (<strong>limited time period ONLY</strong>).&nbsp; Thereafter, if any users want to buy, kind contact the developer directly (not via me).</p><br /><br /><p><span class="bbu"><strong>Here is a write up about the Trailing EA<br /></strong></span></p><p><strong>What makes TrailOS unique?</strong><br /><strong>8 TrailingEA´s for each Order </strong>- select up to eight different Specialists, of stalking your Order, all at the same Time</p><p><strong>individual FliterSettings</strong> - each TrailingEA has an adjustible Filter, so that you can decide which Orders he shall handle</p><p><strong>auto BrokerPoint</strong> - TrailOS detects the digits of your Broker, so you can forget about Pips, Points and Ticks</p><p><strong>invisible SL/TP </strong>- you can decide whether you want invisible or hard SL/TPs or choose Virtual&amp;Hard, then the hard is set as soon as possible, but the virtual will always close..</p><p><strong>StopLoss </strong>-&nbsp; 10 different Methods for StopLoss in each TrailingEA (Distance,%,Pikes,Fractals,ATR,MA,SAR,Degrees,CandleBorder,Fractalborder)</p><p>T<strong>akeProfit</strong> -&nbsp; 10 different Methods for TakeProfit in each TrailingEA (Distance,%,Pikes,Fractals,ATR,MA,SAR,Degrees,CandleBorder,Fractalborder)</p><p><strong>TimeFrames </strong>- each Method can be calculated on selectable TimeFrames</p><p><strong>Agility</strong>- multiple Options for the SL- and TP-agilities (Fixed, Floating, Fixed if dominant, LossFixed&amp;WinFloating)</p><p><strong>Martingale </strong>- each TrailingEA can be advised to open new Orders when closing</p><br /><p><strong>InputParameters (most relevants)</strong></p><p><strong>Use Account protection?</strong>- disabled / only SaveStop / only EquityTrailing / SaveStop&amp;EquityTrailing<br /><strong>Appearance</strong> - ShowInfos / PlaySounds / TextFonts / TextSizes / Colours<br /><strong>Style</strong> - Metatrader (horizontal Lines) / TrailOS (diagonal Lines)<br /><strong>ChartCleaner</strong> - show: Labels / Closeline / Label&amp;CloseLine / Nothing<br /><strong>Results</strong> - in Points / in AccountCurrency<br /><strong>TrailingEA Names</strong> - give each activated TrailingEA a relevant Name<br /><strong>TriggerParameters </strong>- open Orders if..</p><br /><p><strong>Now the TrailingEA Parameters (there are eight TrailingEA´s Inside..)</strong></p><p><strong>enable TrailingEA </strong>- true / false</p><p><strong>Visual </strong>- Colours for SL,TP / LineStyle / draw on all TimeFrames?</p><p><strong>Method for SL </strong>- no StopLoss / Distance / % of OrderProfit / PikeOfCandles / Fractals / AverageTrueRange / MovingAverage / ParabolicSAR / Degrees / Candleborders / FractalBorders</p><p><strong>Method for TP </strong>- no TakeProfit / Distance / % of OrderProfit / PikeOfCandles / Fractals / AverageTrueRange / MovingAverage / ParabolicSAR / Degrees / Candleborders / FractalBorders</p><p><strong>TrailingEA Timeframe </strong> - currentTimeframe / biggerTimeframe / smallerTimeframe / M1 / M5 / M15 / M30 / H1 / H4 / D1 / Weekly / Monthly</p><p><strong>Stalk </strong>- loosing&amp;winning / only loosing / only winning</p><p><strong>Agility</strong> - Floating / Fixed / FixedIfDominant / LossFixed&amp;WinFloating</p><p><strong>Set -</strong> Virtual / Hard / Virtual&amp;Hard</p><p><strong>when closing </strong>- just close / opposite OrderType / same OrderType</p><p><strong>Martingale</strong> - LotFactor / maxLot</p><p><strong>FilterComments -</strong> ALL / certain Comment</p><p><strong>FilterMagics </strong>- ALL / certain Magic / only Manual Trades</p><p><strong>Close </strong>- Buy / Sell / Long&amp;Short</p><p><strong>MinProfit </strong>- TrailingEA SL/TP wont be set, if calculated SL/TP, is closer to OrderProfitPoint than this Value</p><p><strong>MinLoss </strong>- TrailingEA SL/TP wont be set, if calculated SL/TP, is closer to OrderProfitPoint than this Value<br />set MinLoss - if true, TrailingEA SL/TP will be set to MinLoss if calculated SL/TP is in MinLoss Area</p><p><strong>MaxLoss </strong>- TrailingEA SL/TP wont be set, if calculated SL/TP, is farer to OrderProfitPoint than this Value<br />set MaxLoss - if true, TrailingEA SL/TP will be set to MaxLoss if calculated SL/TP is outside MaxLoss Area<br />adaptive Distance - possibility to set an addaptive Distance to calculated SL/TP</p><p>Method Details - insert Details for the SL/TP Methods you selected above..(e.g. 50% for OrderProfit)</p>]]></description>
			<author><![CDATA[null@example.com (hannahis)]]></author>
			<pubDate>Tue, 05 Feb 2019 21:23:16 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/54290/#p54290</guid>
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