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Are you ready to change your life?, I represent you MODEST EA!

  • #361
  • May 15, 2018 3:35pm May 15, 2018 3:35pm
Quoting detector
{quote} Are you a service provider? Service providers are in the commercial section, they provide their services to help in trading, free or unpaid, D
If you look in my history i have shared some of my work for free, that's right. But since the "normal" behaviour of the majority here is to collect and consume without giving feedback or interest to improve the tools or systems, i stopped to contribute software here.
Beside that i'm here more seldom, but try to help new traders to avoid the mistakes i have done + detect and unmask the most obvious scammers here in the forum.
If you think that's a service, then i will be a service provider.
  • #362
  • May 15, 2018 3:59pm May 15, 2018 3:59pm
Quoting JensItzig
{quote} If you look in my history i have shared some of my work for free, that's right. But since the "normal" behaviour of the majority here is to collect and consume without giving feedback or interest to improve the tools or systems, i stopped to contribute software here. Beside that i'm here more seldom, but try to help new traders to avoid the mistakes i have done + detect and unmask the most obvious scammers here in the forum. If you think that's a service, then i will be a service provider.
I like your post in the because you are right, however, we have been given a chance to try this free, demo or live, we have made money on live accounts, if you go through my posts you will see I have been honest, both good and bad about my trading of the EA, I understand the risk, hell £85+ draw on my account trading the Dow, but I broke the rules, I also started with less capital than reccomended, another rule broken, however 2 weeks of trading on demo and more to come should be time to see how things unwind, I'm also an advocate of using a balance in a demo account that you will use live.
If a trader new or old is not aware of whats going on taking multiple trades they should not be trading live, also if trading live, you should be monitoring your trading, automated or not, I did ask the question about the mechanism to protect capitol, so in short doing my own due diligence "for me", if it works for me I shall follow up, tear it apart by all means, but not on my behalf, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #363
  • May 15, 2018 4:13pm May 15, 2018 4:13pm
Quoting Fourwrite
{quote} Answer is yes
I asked this question too, I traded manually and was getting the alert, the EA was turned off so no trades were closed, this prompted the question, also be aware that making a deposit while trades are open will constitute a "take profit reached" and close any trades open, hope this helps, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #364
  • May 15, 2018 4:17pm May 15, 2018 4:17pm
Quoting detector
{quote} I like your post in the because you are right, however, we have been given a chance to try this free, demo or live, we have made money on live accounts, if you go through my posts you will see I have been honest, both good and bad about my trading of the EA, I understand the risk, hell £85+ draw on my account trading the Dow, but I broke the rules, I also started with less capital than reccomended, another rule broken, however 2 weeks of trading on demo and more to come should be time to see how things unwind, I'm also an advocate of using...
If i read this i'm back in time and see me walking the first steps in forex. In those days i was also fully aware that martingale and grids are leading to burned accounts. But i thought i'm smarter and more lucky then the lost souls who suffered margin calls and lost a lot. I learned my lessons and after the swiss bank event in 2015 i ended with around 70k loss. Believe me that it's still hard work and i have to recover 18k to be even for all the years. My advice be focused on your own skills, never trust any black box EA or signal provider, avoid grids and martingales. Find the trading style that's fit best to you (more to your mindset instead trading style). Plan a trade, trade the plan and afterwards analyze it to see if you obey your own rules. Then repeat that over and over. That's hard work but it's the only way. The rest lead into losses for sure.

Quoting detector
{quote} also if trading live, you should be monitoring your trading, automated or not, I did ask the question about the mechanism to protect capitol
I believe the only way to trade profitable with grids is to be lucky and to withdraw any gain you made instantly. It's not the questin will i get the margin call, it's all about when do i get the margin call. It will happen for sure. So the only strategy is to secure the inital money you are willing to put on risk. Then and only then you shold think about raising the lotsize to make more profit (maybe by withdraw 50% from profit and put the other 50% at risk).
Never think about strategies that promise risk reduction by using hedging strategies. The idea looks nice but if you don't know when to start inital trades (and that's the case when using grids) you will also never know when to release the hedge position + you pay double commision, spread and swap instead closing the whole positions.
  • #365
  • May 15, 2018 4:30pm May 15, 2018 4:30pm
Quoting JensItzig
{quote} If i read this i'm back in time and see me walking the first steps in forex. In those days i was also fully aware that martingale and grids are leading to burned accounts. But i thought i'm smarter and more lucky then the lost souls who suffered margin calls and lost a lot. I learned my lessons and after the swiss bank event in 2015 i ended with around 70k loss. Believe me that it's still hard work and i have to recover 18k to be even for all the years. My advice be focused on your own skills, never trust any black box EA or signal provider,...
I'm sorry you were caught up in the mess, truly, I have mentioned the CHF in a post on this thread, trading as you well know has its risks, anyone new should make this their first priority, while I have no affiliation with MP or his creation, maybe you could test on a demo and give your input, I'm doing mine, in the post above the reply to another user, I asked this question a few posts back, however the question is being asked now, how many users have read from the start? this is a bigger problem than trading and not knowing the risks itself,
I don't need to be good at the game, only good enough to beat my opponent,
  • #366
  • May 15, 2018 4:59pm May 15, 2018 4:59pm
Mp’s ea seems to have built in % equity stop function when dd is larger than certain percentage
so the question is how often does it trigger?
let say i set dd 20% and i got hit once 3 months, then the ea should still be profitable right?
  • #367
  • May 15, 2018 5:14pm May 15, 2018 5:14pm
Feedback #2
Trades closed May 15, 2018
HR 6 pairs. IFC Markets, lev 400. Nice results!
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  • #368
  • May 15, 2018 11:24pm May 15, 2018 11:24pm
mp,

my other account show wonderful result.
i used LR version Default setting
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  • #369
  • Edited 1:29am May 16, 2018 12:59am | Edited 1:29am
Does anybody have this trade active? It's been open for 12 hours with no TP and SL? Or is this normal?
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Anything above the line is an uptrend, below the line is a downtrend.
  • #370
  • Edited 1:54am May 16, 2018 1:36am | Edited 1:54am
Dear members

Good morning,we wish you another good trading day whether you are demo user or live user.Please follow the tread because we will put a post regarding how to become a monthly subscriber to our MODEST EA.

Many thanks
  • #371
  • May 16, 2018 2:30am May 16, 2018 2:30am
Whats up with this equity alert but there is still a trade running?
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Anything above the line is an uptrend, below the line is a downtrend.
  • #372
  • May 16, 2018 2:35am May 16, 2018 2:35am
Quoting Degolep
Whats up with this equity alert but there is still a trade running? {image}
Dear Degelop

Close the open trade ,please.

Many thanks
  • #373
  • May 16, 2018 2:38am May 16, 2018 2:38am
Quoting magicpips
{quote} Dear Degelop Close the open trade ,please. Many thanks
It closed it automatically.
Attached Image
Anything above the line is an uptrend, below the line is a downtrend.
  • #374
  • May 16, 2018 3:22am May 16, 2018 3:22am
did any one else have this gap this morning
Attached Image (click to enlarge)
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  • #375
  • May 16, 2018 3:38am May 16, 2018 3:38am
Quoting stevefx67
did any one else have this gap this morning {image}
Dear Steve

That is a massive gap,sir.Could you tell us how did the ea perform, would be very helpful.

Many thanks
  • #376
  • May 16, 2018 3:40am May 16, 2018 3:40am
Hey magicpips, the EA doing a great work. However, from what I've noticed, once if trades are closed due to equity stop, the EA waits for at least 12hrs before taking any new trades. May I know the reason behind this? Thank you.
  • #377
  • May 16, 2018 3:45am May 16, 2018 3:45am
Quoting stevefx67
did any one else have this gap this morning {image}
Hi Steve,

that is not a gap, that are missing historic data (look at the bottom of the charts, in the timeline). Probably you downloaded historic data from the broker and that use to happen.
  • #378
  • May 16, 2018 3:46am May 16, 2018 3:46am
Quoting magicpips
{quote} Dear Steve That is a massive gap,sir.Could you tell us how did the ea perform, would be very helpful. Many thanks

Ea dealt with it here are todays trades (not been running it in asian session)
Attached Image (click to enlarge)
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  • #379
  • May 16, 2018 3:51am May 16, 2018 3:51am
Quoting aking194
Hey magicpips, the EA doing a great work. However, from what I've noticed, once if trades are closed due to equity stop, the EA waits for at least 12hrs before taking any new trades. May I know the reason behind this? Thank you.
Dear Aking194


MODEST EA only takes trade when it is necessary and also if EA takes trade let say EURUSD and comes out with profit , it does take a resting time from trading only for that pair.So that is why you might not see that many trading.

Many thanks
  • #380
  • May 16, 2018 4:13am May 16, 2018 4:13am
Quoting stevefx67
{quote} Ea dealt with it here are todays trades (not been running it in asian session) {image}
Dear Steve

Another quick question, we can see big lot sizes for EURUSD,have you changed the lot sizes?

Many thanks
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