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Money management: Capital needed per 0.07 USD per microlot 0 replies

The Volume Detective 411 replies

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(binned per thread starter’s request) MM (Money Maker) Detective

  • #6,901
  • Oct 1, 2019 5:18am Oct 1, 2019 5:18am
@R4M-- Dashboard push notification now working fine. Thanks for checking it
  • #6,902
  • Oct 1, 2019 5:38am Oct 1, 2019 5:38am
Hi robots4me.i have error 130 on my ecn account as I posted earlier.do you think I have to change my broker or it can be solved?Thanks.
  • #6,903
  • Oct 1, 2019 8:44am Oct 1, 2019 8:44am
Quoting 12mohana
Hi robots4me.i have error 130 on my ecn account as I posted earlier.do you think I have to change my broker or it can be solved?Thanks.
Have you at the very least taken R4M's advice and tried on another broker? Noone has time to replicate specific errors if it's just a broker issue.
  • #6,904
  • Oct 1, 2019 10:23am Oct 1, 2019 10:23am
I will be posting my results soon.

BDX Version 19252 is the bomb. i made over 250% profit within 2 weeks

I will tell you all pairs to avoid when trading with this ea to get profitable trades

For BD version 19212 its still working like sky rocket for me. I will be posting results of this as well.

I will tell you all pairs to avoid for maximum profitable trades


Thank you very much Sir R4m! You made a great name for yourself
  • #6,905
  • Oct 1, 2019 10:37am Oct 1, 2019 10:37am
Quoting northwind
{quote} Hi R4M & BD, A big THANK YOU for sharing your work. Thinking about the restrictions on US retail traders, there may be a way to adapt. H1 time frame. I tried changing BDX All PairsEA ver 19262 to: Max Trades = 1; Larger Lot Size = 1; (equivalent to 10 x small lots) Lower StopLoss Fraction = 0.20; Lower TakeProfit = 0.12 I'm still adjusting the SL to make the DD smaller. Here are some of the results for yesterday & today. The highlighted trade is from a different EA, NOT from BDX AllPairs EA. So far, it looks like perfection. While I was...
Hey Northwind

I demo tested version 19273 with a variation of your settings: Lot size .03, Max trades 1, stop loss 1,6 and takeprofit 0.2. fewer trades yet green pips... I suspect the stop loss of .02 may be too low, but I am encouraged by the direction you have taken

@ R4M, Thanks for the latest updates.
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  • #6,906
  • Oct 1, 2019 11:18am Oct 1, 2019 11:18am
Quoting 12mohana
Hi robots4me.i have error 130 on my ecn account as I posted earlier.do you think I have to change my broker or it can be solved?Thanks.
@12mohana -- if the error is caused by your broker not allowing a SL / TP to be registered with the order then 'yes', the EA won't work with this broker. Why not experiment a bit with manual trading to check whether you can open an order that includes both a SL / TP to make sure that is the problem.
  • #6,907
  • Oct 1, 2019 4:55pm Oct 1, 2019 4:55pm
Quoting robots4me
{quote} @12mohana -- if the error is caused by your broker not allowing a SL / TP to be registered with the order then 'yes', the EA won't work with this broker. Why not experiment a bit with manual trading to check whether you can open an order that includes both a SL / TP to make sure that is the problem.
hi @robots4me, at first thank you for the incredible effort

about the error 130 as far as i know, it's not a specific broker problem. An intrinsic feature of ecn accounts (in any broker) is that you will not be able to set a StopLoss and/or TakeProfit with your Market Order (BUY or SELL). If you try to do this, you will get Error 130. of course, you need to set a StopLoss (and maybe TakeProfit) for your order, and this must be done as soon as possible after the order has been executed. you need to send a request to execute a market order without the StopLoss and TakeProfit via OrderSend() function, and then modify the newly opened market order by adding the desired SL and TP via the OrderModify function.
  • #6,908
  • Oct 1, 2019 7:12pm Oct 1, 2019 7:12pm
Quoting tuxTrader
{quote} hi @robots4me, at first thank you for the incredible effort about the error 130 as far as i know, it's not a specific broker problem. An intrinsic feature of ecn accounts (in any broker) is that you will not be able to set a StopLoss and/or TakeProfit with your Market Order (BUY or SELL). If you try to do this, you will get Error 130. of course, you need to set a StopLoss (and maybe TakeProfit) for your order, and this must be done as soon as possible after the order has been executed. you need to send a request to execute a market order...
To the best of my knowledge this is absolutely true- it is commonplace for EA's
  • #6,909
  • Oct 1, 2019 8:44pm Oct 1, 2019 8:44pm
Quoting robots4me
{quote} @12mohana -- if the error is caused by your broker not allowing a SL / TP to be registered with the order then 'yes', the EA won't work with this broker. Why not experiment a bit with manual trading to check whether you can open an order that includes both a SL / TP to make sure that is the problem.
Thank you robots4me. As you said I tried manual. In ecn I can't do that but in standard account at my broker it is possible to send both order and set tp/sl.
I think it is ecn that cause this problem.
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  • #6,910
  • Oct 1, 2019 9:03pm Oct 1, 2019 9:03pm
Quoting 12mohana
{quote} Thank you robots4me. As you said I tried manual. In ecn I can't do that but in standard account at my broker it is possible to send both order and set tp/sl. I think it is ecn that cause this problem. {image}
@tuxTrader, @AltosTrader -- thanks for the background information.

@12mohana -- thanks for confirming.

So -- the solution is to use a standard account. I'm only interested in automating strategies and not inclined to delve into the details of ECN vs standard accounts. I'm not interested in coding it, debugging it, testing it, bug-fixing it. Every broker will have its own set of idiosyncrasies and I just don't want to get into that aspect of automating EAs.

I have several trading accounts -- there's no law against having multiple accounts and no additional cost. And having multiple accounts often times comes in handy.
  • #6,911
  • Oct 1, 2019 9:07pm Oct 1, 2019 9:07pm
Quoting robots4me
{quote} @tuxTrader, @AltosTrader -- thanks for the background information. @12mohana -- thanks for confirming. So -- the solution is to use a standard account. I'm only interested in automating strategies and not inclined to delve into the details of ECN vs standard accounts. I'm not interested in coding it, debugging it, testing it, bug-fixing it. Every broker will have its own set of idiosyncrasies and I just don't want to get into that aspect of automating EAs. I have several trading accounts -- there's no law against having multiple accounts...
Thanks for your effort robots4me.i will try another account.
  • #6,912
  • Oct 2, 2019 11:56am Oct 2, 2019 11:56am
Quoting princiano
I will be posting my results soon. BDX Version 19252 is the bomb. i made over 250% profit within 2 weeks I will tell you all pairs to avoid when trading with this ea to get profitable trades For BD version 19212 its still working like sky rocket for me. I will be posting results of this as well. I will tell you all pairs to avoid for maximum profitable trades Thank you very much Sir R4m! You made a great name for yourself
Great! Waiting to hear from you soon, your settings and results.
  • #6,913
  • Oct 2, 2019 8:04pm Oct 2, 2019 8:04pm
@12mohana
Hi , Have a look on the trading rules of your broker.
Some brokers accept TP or stop with a minimum distance of your enter.
If the minimum distance of your broker is for example 15 pips and in your EA you put 5 pips , you are out of the rules and receive a message like you post.

May be it is what's happen
Have good trade
  • #6,914
  • Oct 3, 2019 1:29am Oct 3, 2019 1:29am
Quoting northwind
{quote} Hi timidave, Now trying approximately 1:1 R/R with SL at 0.15 and TP at 0.12 and 0.15. Also found not to allow live trading during Asia sessions on Sunday night.
Hello Northwind, how has this method performed lately? Just about to try it
  • #6,915
  • Oct 3, 2019 7:05am Oct 3, 2019 7:05am
Quoting timidave
{quote} Hello Northwind, how has this method performed lately? Just about to try it
Hi timidave,

SL 0.3; TP 0.10 or 0.12.
If I'm around I manually move SL to profit on profitable trades.
There are two of every trade because I have same configuration BDX AllPairs EA running on two machines in the same account.
Removed CHF pairs.
Your results may vary.
The top two trades closed while I was typing my reply.
Results so far for today, 10/03:
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Perfidious Pips
  • #6,916
  • Oct 3, 2019 7:09am Oct 3, 2019 7:09am
Quoting northwind
{quote} Hi timidave, SL 0.3; TP 0.10 or 0.12. If I'm around I manually move SL to profit on profitable trades. There are two of every trade because I have same configuration BDX AllPairs EA running on two machines in the same account. Removed CHF pairs. Your results may vary. Results so far for today, 10/03: {image}
Thanks. Looks good
  • #6,917
  • Edited 8:39am Oct 3, 2019 7:40am | Edited 8:39am
Quoting timidave
{quote} Thanks. Looks good
With BDX AllPairs EA, if we don't get greedy, we can consistently take approximately 10% of the ADR for 20 trades or pairs.
We will grow our account and then increase the lot size.
Rinse and repeat.
Perfidious Pips
  • #6,918
  • Oct 3, 2019 7:49am Oct 3, 2019 7:49am
Quoting northwind
{quote} Hi timidave, SL 0.3; TP 0.10 or 0.12. If I'm around I manually move SL to profit on profitable trades. There are two of every trade because I have same configuration BDX AllPairs EA running on two machines in the same account. Removed CHF pairs. Your results may vary. The top two trades closed while I was typing my reply. Results so far for today, 10/03: {image}

@Northwind - thanks for the update. Looking good. I've had v.19243 running 24/7 since the end of August. I've done detailed statements most days, albeit I was away for a week so there is a gap. If anyone is interested I'll ZIP them over when I get a chance. It may be irreverent now considering the vast improvements made since then.

The main thing to answer here is YES, it made a decent profit even though there was a bad period caused by Brexit.

Thanks again R4M and bishop for the continued work.
  • #6,919
  • Oct 3, 2019 8:01am Oct 3, 2019 8:01am
Quoting tophat4d
{quote} @Northwind - thanks for the update. Looking good. I've had v.19243 running 24/7 since the end of August. I've done detailed statements most days, albeit I was away for a week so there is a gap. If anyone is interested I'll ZIP them over when I get a chance. It may be irreverent now considering the vast improvements made since then. The main thing to answer here is YES, it made a decent profit even though there was a bad period caused by Brexit. Thanks again R4M and bishop for the continued work.
Hi tophat4d,
Thank you for your comments.
Yes, all credit goes the R4M and BD for their work and generous contributions.
Brexit is playing hell with everything.
Removing CHF pairs seems to make a difference as well.
Perfidious Pips
  • #6,920
  • Oct 3, 2019 8:08am Oct 3, 2019 8:08am
Quoting northwind
{quote} Hi tophat4d, Thank you for your comments. Yes, all credit goes the R4M and BD for their work and generous contributions. Brexit is playing hell with everything. Removing CHF pairs seems to make a difference as well.
No problem Northwind. It's fantastic that we have a good number of beta testers here. I'm going to stop v.19243 today and try out the latest version using your settings.

We know the system works, it's now all about the settings IMHO and those who are ready to share their settings (I know some won't) are so important to the continued development to help us all here.
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