Multi-EA management

[Armagedoom]

Hey guys, I got an idea and wanted to share it with u.

Wouldnt it be great to have an account continuously placing and wining orders?

Here is the thing: If we have one account, and want to use it with several EA's together, we might get it blown because of several orders from different robots unless we use extreme low lots, although in that case we will win few cash...

 

BUT if we could manage to get only 1 active order at the same time, EA independent, then if we put several robots all with the correct risk management, this account will be continuously operating and winning more than if we divide the global account into "Smaller accounts" for each EA...

 

Would it be factible to build some kind of Multy-EA-manager??

Could we do that by putting the same magic number on different EA's for example?

 

Thx 4 ur time, oppinions please :D

[Stormin_Norman]

Re: Multi-EA management

 

try this, you should find it suitable for what you are looking to do i think. instruction manual included.

 

http://stashbox.org/790419/Multi%20purpose%20trade%20manager.zip

[Starting]

Re: Multi-EA management

 

Hey guys, I got an idea and wanted to share it with u.

Wouldnt it be great to have an account continuously placing and wining orders?

Here is the thing: If we have one account, and want to use it with several EA's together, we might get it blown because of several orders from different robots unless we use extreme low lots, although in that case we will win few cash...

 

BUT if we could manage to get only 1 active order at the same time, EA independent, then if we put several robots all with the correct risk management, this account will be continuously operating and winning more than if we divide the global account into "Smaller accounts" for each EA...

 

Would it be factible to build some kind of Multy-EA-manager??

Could we do that by putting the same magic number on different EA's for example?

 

Thx 4 ur time, oppinions please :D

 

Mate,

your idea is the next step after you become a pro trader. Essentially if you want to have a huge capital in operation you would need to create a hedge fund for this and invite investors.

Check this direction, if you're interested.

 

Don't forget, Hedge fund managers KNOW which EAs are good for use and which TRADERS are good enough to be employed for trading the fund.

 

If you're proposing people of II just to collect money and open one big account, then to run EAs with equally splitted lotsize, so to diversify and hedge each other positions, then I would say it's easy to imagine, but hard to develop [or unnesessary].

 

What you really need to imagine, is a simple bucket shop [broker]. It has on big account consisting of people's small accounts, and sleep well, while people playing games inside this bucket shop. So the only moment when such brokerage needs to interact with liquidity provider, is when net position becomes unbalanced. Let's say, their clients SHORTing 150 lots of EURUSD, and BUYING 250 lots of EURUSD. In this case such brokerage would need to send and order to BUY 100 lots at his liquidity provider.

 

Anyways, I find your proposal is too wague and funny, you could be very new in FX world or just kinnding under newly created account. Have a great day, mate! :shand:

[tongtoro]

Re: Multi-EA management

 

try Swiss army ea

 

http://www.forex-tsd.com/expert-advisors-metatrader-4/7552-swiss-army-ea-automatic-order-management.html

[Armagedoom]

Re: Multi-EA management

 

Thx 4 all ur responses. I checked out the 2 EA's proposed and read what you posted, and I think I didnt explain correctly what I meant... sry 4 my english in 1rst place, and in second place ill try to explain better:

 

Lets say I have Fap turbo, megadroid and dragonpips. Lets say they all do 3 trades per week (false but lets think that for explaining the idea).

 

* Now, if each one shares 1/3 of the account for their risk management, and they opperate at the same time, it would be "safe" coz each one would be operating with its share of the acount corresponding to the share of the risk they got.

 

-This way, we would get 3*3=9 orders, with 1/3 of the possible lots each.

 

 

The idea would be to use the full account for the risk management of each EA (every EA gets 100% of the acc for avoiding margin calls and managing its risk) but limiting the EAs to not operate while any order from the other EA's is open.

 

- Now we would have 3*3=9 orders, with the max possible lots each (instead of 1/3). Its 3 times the money won (or lost) than the first case, with the same absolute drawdown risk. Of course, there would be less than 9 orders in case 2 eas wanted to place its orders at the same time, but I guess you get the idea...

 

 

Coments & opinions please? ;)

 

Thx!! :)

[Stormin_Norman]

Re: Multi-EA management

 

why not just run each EA on an appropriate risk setting?

 

personally i test an EA looking for maximum 5% drawdown in the past couple of years. i change the money management till i acheive that.

 

then multiple EAs can run on the same account, each using a small amount of the capital for their trade.

[Armagedoom]

Re: Multi-EA management

 

If you have lets say 5 EA's with 5% drawdown each, you might get a drawdown of 25% (yes,its aganist probability, but eventually it could happen).

Now imagine you set the lots of all of your EA's to operate letting them get a 25% drawdown each. You could reach the same drawdown, but would win 5 times more from every trade (excluding the trades you wouldnt do because of another trade already in).

 

At least I feel safer and I think you earn more with a max dd for each robot and only 1 robot operating at a time than the other options. Do u guys know any good way to deactivate or filter the rest of the EA's while an order from 1 of them is active?

 

Thx again!

[Stormin_Norman]

Re: Multi-EA management

 

thats why i combine backtests of the EAs i run, to measure that exact thing.

[Armagedoom]

Re: Multi-EA management

 

Ok ill try to explain again why do I think you could earn more money (tell me where Im wrong plz):

 

I will simplify but you can think ahead what I explain with more and more EA's:

 

Hypothesis: If you trade 2 orders with 5% max dd each, that equals (in lots) to 1 order of 10% max dd.

 

 

Scenario 1:

 

-u got 2 EA's, they operate whenever they want

-max dd 5% each (so max absolute dd is 10%)

-each EA makes 3 trades a week

 

Best case scenario:

 

Each EA makes and win 3 operations -> 6 operations won of 5% dd each

 

Scenario 2:

 

-U got 2 EA's, they operate ONLY when there are no orders (just one Ea at a time)

-max dd 10% each (so max absolute dd is the same, 10%)

-each EA makes 3 trades a week

 

Best case scenario:

 

Each EA makes and wins 3 operations -> 6 operations won of 10% dd each (twice the money earned)

 

 

I know its the best case scenario, and probably at least 1 or 2 orders would be at the same time period so there wolud be less orders in scenario 2,but I think this could make u get the point I want to express...

[dinj]

Re: Multi-EA management

 

This is what I think.

Personally, I prefer to use several EAs at the same time, so when I screws up, there is a good chance the other ones make up for it, it grows more stably.

 

I think I understand mostly about your idea, but I don't know if it is as profitable.

 

Your case: 3 EAs, set with 24% drawdown each, but only one can trade at the same time.

One of the problems is that most of the best robots are scalpers and they usually trade at the same time. If you have only one trade at the time, you may actually leave many left out.

 

One of your points was to reduce drawdown, but in a way it's the same. If you have a bad day where each of the robots post a big loss, one after the other, you account gets to 76%, then to 58% and then to 44%.

 

Your system might eliminate more than one drawdown at the same time, but it also eliminates more than one profit at the same time.

 

If one robot is good and it grows in average 0.5% with each trade (counting with all the losses and profits), I don't want to miss a single trade.

 

You might avoid 3 drawdowns at the same time, but you also avoid 3 profits at the same time, 2 profits and one loss at the same time, and if you get 2 or 3 losses, one after the other with your system, you wouldn't be getting the profit trades, if you had them trading at the same time.

 

Less losses at the same time doesn't mean 2-3 losses one after the other.

 

I don't know if this covered your idea, but hope it helped.

[bamik]

Re: Multi-EA management

 

This is my Idea:

Use free margin instead of balance or equity in code of your ea. (money management section). ;)

[Armagedoom]

Re: Multi-EA management

 

Ok guys you made your point.... that idea might not be as good as it seemed (for me)...

Thx for helping me c the light :)