Installing several advisors - options for solving the problem
Traders who actively use automated trading strategies, or in simple terms advisors, repeatedly encounter a
number of problems regarding the compatibility of various experts.
This is expressed in the fact that many simply do not know how to place several advisors on one account, in which cases it is necessary to differentiate between robots, and in which cases their joint work is acceptable.
This problem is not new, and with the understanding of the necessary diversification of risks from the work of advisers, it becomes even more relevant, because any algorithm is effective only in a certain part of the market, which makes your account vulnerable in bad periods.
This is why you can increasingly see a portfolio approach to working with advisors, when several robots work on one account. Thus, the trader achieves risk hedging , since at the moment when one robot, roughly speaking, loses the account, then the second and third at that moment generate income, compensating for losses.
How to install several advisors on one account
Yes, indeed, programmers often do not indicate the so-called “Magic”, which is used for the advisor to determine his order, which leads to the fact that one advisor can close the orders of another or use trailing .
The same problem exists with advisors that have built-in order detection, but programmers, due to lack of imagination, often indicate the same code; for example, for many it is 1 or 0. So, in order for advisors not to interfere with each other’s trading, it is necessary to specify a different one order tracking code for each expert.
To do this, go to the advisor settings and find the “Magic” menu where you specify different codes for each advisor. If your expert does not have a similar line where an incomprehensible digital code is written, then you need to open a separate account for this expert, since it will simply interfere with trading for others.
How to install multiple terminals
To differentiate between conflicting advisors, it is often necessary to install two or more terminals. The problem for all traders who are faced with installing several terminals of the same broker is that only one terminal is opened, which was installed first.
The fact is that during installation, in the very first step, when the program offers the installation location, traders forget to specify another folder, and the program, in turn, automatically replaces the old terminal with a new one.
This way, you don't install a new terminal, but when you launch it, you have the same program open. To avoid this, at the very first stage of installation, specify a different installation path for each new terminal.
Which advisors can be combined on one account, and which ones can be separated?
From the technical side, any experts that have the ability to recognize their orders and have the “Magic” menu can be combined and trade on one trader’s account. However, you must clearly understand that not all experts can be combined on one account, since the risks are greatly overestimated.
The first and main guideline that you should focus on when combining experts on your account is the size of your balance and the type of advisor. For example, on one account it is very risky to combine two advisors that use martingale or averaging.
This is due to the fact that during a prolonged trend, the Martingale opens a large series of orders with inflated lots, which very often puts your balance on the brink of losing money. Now imagine if you have two such experts on one account who will open orders against the trend.
It is also no less dangerous to combine martingale and advisors based on grid trading, since the load on the account is simply enormous. The most ideal option for combining advisors on an account with radically different trading tactics, for example, a trend advisor with a scalping robot or a trend expert together with a counter-trend robot.
In any case, the main thing is to select experts who will have radically different trading tactics, and the orders opened by them should in most cases have different directions.
Summarizing the results, we can come to the conclusion that no one should have any problems installing several advisors on one account; the only difficulty that may arise is their proper combination. However, using our advice you will forever avoid force majeure circumstances when trading portfolios with advisors.
You can download advisors in the section http://time-forex.com/sovetniki