I am curious to which pair and which settings you use.
My gain is also about 50%, but my DD has been as high as 70%.
On average, I also have 10-15 % drawdown , but in 6 months I have encountered a much higher DD twice.
Overall I am happy with the results, but reading your postm things could be tweaked a bit better.
NB: I do trade in both directions, as opposed to your previous post. Drawdown did occur when the direction "bounces" of a support level.
thx. I took the opportunity to also open a myfxbook.
Strange though, the balance is displayed incorrectly. The starting balance is way too high, which is somehow corrected in the end.
Maybe it will sort out itself after a while.
Anyways, thanks for the tips.
For AUD/NZD I could find nice settings as well, but the GBP/USD was more to my taste so I opted for that.
For USD/JPY I have not found settings that were withing my risk-appetite.
Basically, I backtested and optimized for various currencies, and find the best results with a drawdown of max 10k over a 5 year period.
I'll keep my pc counting the numbers for the CAD/CHF pair over the coming days
I'm glad people still trying and using this EA, it's one of the best I ever used, and it's free I'm using this EA, but with some tweaks, just like thorn said, it's not possible to let this kind of EA run with "set and forget" so, we need to be able to analyze the pair range and have some notions about trends, supports and resistances.
Whenever a pair is at an extreme value, like for eur/usd when touched 1.0340(In my case I closed it at 1.04, cause I thought it would not go deeper) I closed the short side grid, and let only the buy side run.
Now you ask, what if the price broke the support. Well in that case I would have to risk and open the short side again. I know it's not a perfect solution, but it's working for me. It's a real account, I've doubled it in 4 months, withdraw half and let the rest run.
Good luck to everyone using this.
I am very new to the EA and their use.
Can you please explain how to use the mq4 file? I tried it in the expert folder but it was not doing anything.
Would you please help.
All mq4 files need to be compiled in order to use them in MT4. Just click on the mq4 file and the Meta Editor will appear. The Meta Editor will show you the title of the mq4 file and its coding. All you have to do is to press "Compile" or F7 and the Meta Editor will compile the file into a usable ex4 file. It is important to check if the file has been compiled properly by looking at the error log at the bottom of the Meta Editor. If errors are shown they need to be corrected in order to use the ex4 files. If there is no error but only warnings the ex4 will work but sometimes not exactly as intended. When the mq4 file has been compiled into an ex4 file all you have to do is to restart your MT4 platform in order to use the EA or indicator that you compiled. Happy trading.
Thank you very much for the explanation. It is really useful.
However, I have one more question. How can I stop the EA at anytime I do not want to trade or at high risk news moments.
I spent the last 5 months testing every variable there is --- and one thing to take from it all, is use a larger balance, $50K or higher, if you're able to obtain those funds, then in 12 months you'll be on the start of a journey as that of a Millionaire.
I have it on a live account and I've already configured it to make about 40% a month. On my demo, its made more than 125% so far of profit
Here's what my demo looks like.
Its been configured to make over 27% compounded each month. And I have a live account with a little over $75K in it.
Thanks to whomever made this, nice work I had a similar bot a LONG time ago, worked well for a while but it wasn't good enough for smaller balances. It required at least $20K to use.
I have deduced that there is no way to make money from this on 1:100 to 1:300 leverages. Higher leverages are needed to stay within the Margin Level Percentage (aim to stay above 500% margin at all times. and make it fit until you can place it on more pairs.)
To run this on 30 pairs, you'll need a minimum of $6,000 via a nano account (1 cent per pip), 1:500 leverage (or higher), 10% Margin Stop out level as the default 50% margin call level is for most brokers, but can be changed. The DD on this one will be quite high using lots of pairs. I would suggest to stay with the pairs that move the most each day, ie, GBP/NZD, GBP/CAD, GBP/CHF, EUR/NZD, etc, even some exotics will work out well too.
To remain safe, leave it on GBP/NZD pair and a $6k nano account could add approx 10% to your balance after 4 trading weeks. When your balance doubles, add another pair.. keep doing this for a while until you have most if not all of the larger fluctuating pairs.
Then if you're at the stage where all the faster and larger moving pairs are working nicely for you and your balance for example is $18,000 for a 200% ROI, add one more pair and wait for the $18K balance to double again to $36K when you're using pairs that dont move so much, cos you're going to be left in these for a while since some will have its volume exhausting, when it reaches $72K, move the money into a ECN 1:500 account on the same pairs, same settings... and watch it grow
Would anybody be kind enough to modify keydcuk EA below to have the option to input stop loss for individual trades/orders? Just so that one can have an emergency stop loss in place in case a trade goes in the wrong direction for several 100s pips and never retrace enough. Thank you.
Piggy n The Middle v4-2.mq4
Hi, Anybody can help me to start with EA?
I have downloaded EA Piggy in the versione The Middle v4-2.mq4 and I have started on GbpJpy but the EA has open only 2 position in the afternoon.
Is it normal?
The EA start with manual order?
Has anybody attempted to modify keydcuk original EA (or even come up with a new EA) that trades according @timmy methodology as outlined in his following posts:
Could you explain me how you managed to double your account in 5 weeks ?
What settings are you using?
Thanks in advance!
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