Topic: EA Studio Aditional Filters for Portfolio EA
I've created some Portfolio EAs using EA Studio portfolio feature and I've been trading them for a couple of months.
I have noticed that for some of the Portfolio EAs (for example EURUSD and AUDUSD) the results could have been a lot better if my EAs didn't have tried to sell against the strong uptrends in EURUSD and AUDUSD. I'm posting the actual results of the EAs followed by the results if they didn't have tried to sell against the strong uptrends:
I was just thinking if we could prevent EAs from trading or at least not selling against strong uptrends or not buying in clear downtrends our results could be a lot better.
In FSB Pro we can build multitimeframe strategies, and use indicators in a different timeframe to filter out "bad" trades. And we can also build BUY only or SELL only strategies and use them in different conditions. But in FSB Pro we don't have this Portfolio EA feature (yet), that I honestly think it is the best feature we have in EA Studio and that I think FSB Pro needs. On the contrary, in EA studio we can not build MTF strategies, or buy/sell only strategies.
In the end, what I mean is simply that I think it could be of help if the Portfolio EAs we create with EA Studio had the capability to filter out trades depending on an external indicator. For example, if I could have used an ADX indicator (or moving average crossover) to control the conditions of the market, and this way select what kind of trades I can allow in each condition (BUY only, BUY and SELL, SELL only) according to the signals I get from this second indicator.
In trading it is usually difficult to decide when to enter a trade, but sometimes it is not so difficult to notice wether we are in a strong uptrend/downtrend. My idea is the entering/exit conditions could be given by the EAs in the Portfolio EA and at the same time letting a different and independent indicator "control" them according to "market conditions". I think this way of combining trained EAs with and independent filter could give us more robust results.
Can I add an external indicator to the Portfolio EA template? What do you think about this idea?
In any case, and as I said before, I would really love to use the Portfolio EA feature in FSB Pro. I think having the ability to test hundreds of strategies at the same time and selecting the better ones is the way to go. With several portfolios of the more complex strategies we can build with FSB pro I think it should be easier to find good strategies that work in real conditions/accounts.
Thanks a lot,