Methods for Filtering EAs in Live Accounts

Trading Systems Expert Advisors and Automated Trading
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:pushpin: My Filtering Criteria:

  1. Live MyFXBOOK or MQL5 Performance:
  • EAs must have a verified track record on platforms like MyFXBOOK or MQL5.
  • Profitability is essential; we’ll focus on EAs with consistent gains.
  1. MT4 Backtests:
  • Backtests from 2003 to the present should demonstrate profitability.
  • Capital charts with an upward slope are preferred.
  1. Quantum Analyzer:
  • Monte Carlo analysis: Ensure that the drawdown (CL) at 95% confidence doesn’t significantly differ from the initial drawdown.
  • Equity chart analysis: Look for recent new highs.

:handshake: Collaboration: I’m excited to hear about your filtering methods! Please share your insights, experiences, and any additional criteria you consider. Let’s learn from each other and refine our strategies.

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Sortino ratio must be viable.

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