#69122
Admin bar avatarAsser
Participant

Thank you Petko.

Glad to hear from you too.

You’re right: I totally missed the relationship between lot size and initial balance when I copied the 1 lot size from your course. Thank you for putting me on the right track.

YES, I do understand that 1 lot and $1000 account is gambling.

Actually, I was generating strategies quickly (for testing purposes) on 0.01 lot only on 2 brokers and different length of historical data for two weeks. However, I was able to generate very little or no strategies at all when I decided to follow your steps and copied the 1 lot size from your above-mentioned course. As it turned out (thanks to your reply) I totally missed the relationship of the lot size with the initial amount and am so glad you pointed this out for me.

I may also have found two other reasons for little or no strategies:

1.      Spread value in symbol settings doesn’t have to be so set as high as I did. I took the highest value and round it up to factor 10. That’s too much. For example: If my broker’s GBPUSD is between 0 and 41, I set the value in “Symbol settings” to 50. That’s good but too high to generate strategies. I found that a more realistic value would be at 66% or 2/3 of their value as in the following table:

2.      From your (Petko’s) comments to others in this forum, I understand that (everything else being equal) generating strategies slowly isn’t a necessarily a bad sign. Sometimes we have to be patient and wait longer for good strategies to appear.

As to the leverage, I’m not keen on reducing it to less than 1:500 for now. I need the high leverage because I’m unable to increase my initial amount and hope to become good at working with calculated risk at least until my account is big enough.

Thanks.