Topic: MT4 Tracker -- new tool for monitoring & pruning EA portfolio
Here's a link to the web site for MT4 Tracker:
Here's a link that describes the software:
MT4 Tracker is a free, Windows application that is designed to monitor an account with many EAs running -- e.g. individual strategies developed by FSB Pro or Portfolio Experts created by EA Studio. Popov's software creates amazing portfolios of EAs and the problem for me then became how to keep track of everything, determine which strategies actually perform well, and identify and remove the poor-performers from among dozens or 100's of EAs. Though MT4 Tracker can be useful for evaluating *any* MT4 account that runs multiple EAs, it really is designed to complement FSB Pro and EA Studio.
MT4 Tracker works by parsing the Account History report (*.HTM) generated by MT4. It collects statistics for each strategy (based on Magic Number). You can view the statistics and performance chart for each strategy, along with the portfolio as a whole. MT4 Tracker allows you to perform "what if" tests to see how the portfolio would have performed if certain strategies had been excluded.
If your account is running strategies created by FSB Pro you can then use the results to determine which EAs to keep running and which to shutdown. If your account is running a Portfolio Expert created by EA Studio then MT4 Tracker can take the original *.MQ4 and generate a new one where the poor-performers have been "pruned". To "prune" the Portfolio Expert MQ4 file the application substitutes a "dummy" strategy for the original one in the strategyList array. In this way the Magic Numbers for the Portfolio Expert do not change.
For questions / comments please post to this thread and I will attempt to respond in a timely fashion -- but no guarantee.