How to measure performancy of two or more EAs on one MetaTrader account

Trading Systems Expert Advisors and Automated Trading
1

Hiya,

I am testing two EA robots on a Pepperstone MT4 account. Is there an easy way for me to bring up the list of which EA is making which trades so I can easily weigh up the performance of each.

At the moment they both seem to be all over each other.

Also, is there an easy way to separate the trades by currency?

Thanks

2

The usual way to identify EA trades is by use of the Magic Number. In fact, I don’t know how you can avoid using them if you have multiple EAs running so that each EA knows which trades to manage. Magic Numbers aren’t easy to see with the MT4 terminal - you have to hover the cursor over the comments field to see them. But once you extract the historical records into Excel, you have the ideal way to do performance analysis. Also consider MyFXBook - they have good online performance analysis tools that use Magic Numbers.

3

Thanks CodeMeister

I’ve just gone on to Myfxbook to sign up and learn it.

4

unless the EAs are designed to work together in some way I would not run them on the same pair on the same account. I would set up another demo to test one of them on. MyFxbook will make it easy to keep track of the accounts.

5

You have to seperately test on different demo account. Easy for you to review the trades later on.

6

If you can write comments in opening trades, they can be identified. In history tab you can see comments. Set different comments for different EA - so you can identify them.

Or you can run two EA on different currency pair.

7

Thanks, I’ve finally managed to put up my account on myfxbook, the readings are much easier to read. But apparently there is a simple way to separate out the performance of the different EAs on the myfxbook accounts/graphs. Can someone let me know how I do this?

Thanks again.

8

you separate trades by comment. click on Custom Analysis on the top right side of the myfxbook graph. look through the filters.

9

MyFXBook allows analysis by Magic Number. Click on the Custom Analysis tab on the right top. Then click on the Magic tab and select what you want to see. I think you have to populate it with a few trades first.

10

Link your account to MT4i.com

It’s free and allows you to do analysis per magic number (or EA)

11

Thanks guys,

I’m getting the hang of this now. I’m testing out both myfxbook and MT4i to see which is better.

12

you can use mt4stats.com
they provide some good stats and detail with summary

13

I prefer traderlinker.com which provides me with a full network for my traders and customers. Try it.
Their software TRADER AUDITOR is amazing.