MarketMakerPRO EA

MarketMakerPRO Version 3.01 is released! YOU CAN GET A 7-DAY FREE TRIAL ON MARKETMAKERPRO.COM OR SUBSCRIBE FOR A MONTHLY SUBSCRIPTION.

Hi fellow traders,

INTRODUCTION
I present to you the never getting old method of grid and martingale, as I never left the thought of making money with it. What is tricky about martingale that such a system has a flaw. It will sooner or later burn you to the ground. At least that is what most people say.

That´s the reason I went back to the base. I started a 200€ account, withdrew from my account when it reached 400€ equity, and let the thing simply run.
You can follow this live account on MyFXBook or in my trade explorer.

I´m a long, long time member of FF, but made a second account as I do not want to get things mixed up. My new account got immediately flagged as a commercial member. That is why I post in this commercial section.

RULES OF THIS THREAD

-BE POLITE!!!
-NO BASHING AGAINST GRID OR MARTINGALE!!! (Just keep quiet and go your way)
-NO POSTING OF BACKTESTS!!! IT IS A MULTI CURRENCY EA!!! FORWARD TEST IT!!!
-NO OTHER EAs, SYSTEMS OR DETOUR!!!


MarketMakerPRO EA

This EA is pretty simple, but at the same time has a unique money management technique that makes it survive longer through trending market periods than a regular grid or martingale EA. The new updated version tries to enter on support and resistance levels. Only if the trade goes against you, a basket of trades will be opened. If the EA considers the trend to continue after a basket close. It will also enter a trend following position. But it has some requirements to use it successfully. Currently the EA has 2 modes. Standard and aggressive. While standard will give you a lower risk and lower return with less trades, the aggressive mode will give you a higher risk exposure, but also a higher return.

Leverage 1:500
Minimum deposit 200
Recommended deposit 500

In standard mode you should use the following pairs:
EURUSD
(GBPUSD)
USDJPY
USDCHF
AUDCHF
AUDJPY
AUDNZD
EURAUD
EURJPY
(GBPCAD)
(GBPCHF)
(GBPNZD)
NZDCAD
NZDCHF
XAUUSD


In aggressive mode the following pairs:

AUDUSD
USDCAD
USDJPY
USDCHF
AUDCHF
AUDNZD
CADCHF
EURAUD
EURCHF
GBPNZD
NZDCHF
NZDUSD
XAUUSD


You can lower your risk in both modes, with trading less pairs. That is entirely up to you. For now I´m skipping GBP pairs. You might as well skip XAUUSD.



Attach the EA to every pair on the 1-minute timeframe and choose the mode you want to trade. Change the magic number for each pair.



Find below the links to MyFXBook and Telegram Group:

MyFXBook Results


http://www.myfxbook.com/members/Mark...kerpro/5327103


Telegram Group

https://t.me/joinchat/QV0QkknuvY8C_xgr52NBgw


Quick overview of version 3.01:



Installation and inputs:



Example of how to manage a basket:

As you can see below, this is taken from the MyFXBook Account. The EA is trading in what I call the "safe haven". I could now lose everything and just would be where I started without a loss. It is a really fast way of trading and speculating. Not greed. I think besides manual trading it is the best way to make money and watch something that actually makes money while trading like big players. Selling when others buy and buying when others sell.

This is how your chart setup should look like.

Hey Paul,

Thanks for sharing. i am testing it on a cent account. magic for each pair different? does it always trade with 0.01 lot?

Hi, you are most welcome. Magic should be different for each pair. It always trades 0.01 lot as a starting lotsize. This will be increased after certain levels run against you and the EA opens a basket.

Ok got it. Up and running. Already made 0.62 % return.

Great! Keep in mind, that equity is the most important part, not the balance. There will be phases of drawdown. But the return will be much bigger when such a basket of orders closes.

i have 900 cents in the account i think it has some breathing room against DD. Btw how many orders max. in a basket? and whats the multiplier?

There not a fixed value for max orders and the multiplier is dynamic throughout the levels.

HI Paul
Thanks for your kindness. May I ask that if this EA works with other EAs in a same account?

Hi John, you are welcome. You should not let the EA run with other EAs on the same account. There is not a problem with interfering with other EAs in general regarding magic numbers, but it makes the calculation, when closing all orders, due to 100$ equity stop complicated and it could happen that it closes the open orders of other EAs as well at that point. But I did not test that.

In general I recommend using a seperat account for the EA.

lol blew the account in one day

How much starting balance and leverage did you have?

The EA closed another good profit for me today and reached the 100 equity goal.



http://www.myfxbook.com/members/Mark...kerpro/5327103

And one last reminder for using this EA:

!!! 1:500 leverage and a raw spread account is a MUST! Not a recommendation !!!

like i said 9+ USD on a cent account. leverage 1:400 EURJPY did it. opened positions: 0.71, 0.44, 0.25, 0.15, 0.09, 0.05, 0.03, 0.01 ...

Ok, I´m sorry to hear. All my trades were closed today in profit as well as some other members. How much spread do you have? And is it a 4 or 5 digits broker?

Hi Paul
What should be a safe balance for this EA? 1k , 5k or 10k? Expected monthly return?
Initial lot size is 0.01 but if the balance is like 10k or larger what will be the lot size and martingale settings?

Hi John, as written in the first post. 200$ in minimum deposit. That is quite risky as some members experience it today, that just started and got caught up in the AUDJPY drop. 500$ is safer. But in general, the larger your deposit, the less risk you have. But that is just one point of you. I rather go in with a lower deposit and get it back as fast as possible, so I can let the EA ride with free money. The initial lot size is always 0.01. The initial balance will not change anything, especially how the grid is built. Of course, the goal is to push the account to a bigger balance, and then I will change my settings regarding the initial lot size and profit goal. For example, if someday my account reaches a 5K balance, I will put the lot size to 0.1 and the equity profit goal to 1K.

Centaccounts have horroble spreads on EJ some 2-3.5 pips.....

If i am to try it live i will skip the pairs EJ and AJ cause to much volitility and higher spreads so will be a lot safter with EU,AU and Uj only even profit will be less i belive will hit my 200 dollar cutoff a lot less....even i se you have run it from 200 dollars with max drawdown at 23% i had 34% drawdown on my demo first 24 hours,but that was on UCAD and a pair not recomended also successwill blew up on Ej and others on AJ......Looking at the trades made EU,AU and Uj had nearly any drawdown at all....My 2 cent for this EA even i havent tested it for a long time at all needs 1000 trades atleast before can say how it will do over time...