In the previous article on diversification, we discussed how to reduce trading risks by increasing the number of trading assets and using different trading accounts to mitigate risks. In this article, we will talk about how to create your own trading portfolio using multiple expert advisors. So, if you have decided to earn a substantial income with minimal risks of losing your capital, then follow this path:
- Choose trading bots whose strategies and risk management differ significantly from each other.
- Open a separate trading account for each trading robot. Provide the necessary capital for trading bots. Don't worry, for many expert advisors, $200 is sufficient for a successful start. So, the total size of your capital across different accounts can be around $1000-$1500.
- The riskier the strategy employed by an expert advisor, the smaller portion of capital it should use for trading. If your capital size is not sufficient for the correct allocation of funds among robots, then simply divide the funds equally among them. Once these trading bots start generating profits, you can redistribute capital between them additionally. In other words, withdraw profits from a risky bot and transfer those funds to an account with a less risky expert advisor.
- As your capital grows (due to profits earned), expand your portfolio by adding new trading bots.
Here is an example of several good trading portfolios:
Portfolio No. 1
Pips Snatcher EA is an expert advisor for MT4 with high trading risk and high profitability. Uses grid and martingale.
Minimum capital to start: $500
Swing Trade Machine is an expert advisor for MT5 with minimal trading risk and average profitability. Uses a trading strategy on Swing reversals.
Minimum capital to start: $200
Project Samurai is an expert advisor for MT4 with medium trading risk. Uses a scalping strategy.
Minimum capital to start: $200
Portfolio No. 2
Infinity Capital EA is an expert advisor for MT4 with high risk but high profitability. Uses grid and martingale.
Minimum capital to start: $1000
Prop Firms Guerrilla is an expert advisor for MT5 with minimal trading risk and average profitability. Uses price action and divergence strategies.
Minimum capital to start: $200
Scalpmaker EA is an expert advisor for MT4 with medium trading risk. Uses a scalping strategy.
Minimum capital to start: $200
