Giving Back! My Best Expert Advisor EA Free for Everyone

I tried again and didn't get that problem. Perhaps I had some strange settings. I´m using the latest version (7) that I got from you.

I have another problem. Between 201705 and 201708 the EA opens over 30 sell orders and after some time draws the account to zero.
Anyone getting this problem?

EURUSD M30
1000 USD

I have attached my .set file

Hey,

I got my EA open and everything working for 1hour now, but it didnt open any position? is that normal or when can I know when it will open a position?

what are the currencies to use?
i use audcad 30, gbpcad 30, nzdcad 30, eurousd 1h, audcad1H , gbpcad 1h, nzdcad 1h, eurusd 1h

is this right? thanks

this ea does not open position that often , just wait for it and everything will be all right , just post your result and your Set

regards

All positions closed, finished trading for the week. This week I stopped trading AUD pairs and continue to not trade GBP pairs. Total pairs traded = 15. Currencies traded are: CAD, CHF, EUR, JPY, NZD, USD.

This week closed with a small gain of 0.2%.

Following are the results after 15 weeks of trading. Still ahead of target to average 1% profit per week.

Guys the V7 works great on EURGBP with standard settings.
No mess in one year , why i see people talking about some negative trades ? Yohec try this pair you will not be deceived at all

in this case i would concentrate the investment on one pair rather than risking on others.

this is my point of vue.

Usually a lurker, but want to add my thanks to CubbyBgood for his unselfishness with this EA.

I tweaked settings too often to run any long-term tests and/or results in MT4 (real reason is I'm too stupid to know how, but I'll stick to my story) - but will offer a few observations so-far, totaling a whopping 2cents. I've read this whole forum, and keep the tab open to follow new entries. Demo-acc started at $5000, with 500:1 leverage.

1) I started approx 2mths ago with the V6 - took special note of what CubbyBgood said about "the somewhat correlation" of his 3 pairs - plus the fact that FXsniper111 got good results with his 7 non-GBP pairs, more than just the 3 of Cubby. So I did a simple Google search for correlated pairs - got a table that shows a slew of currencies with the % correlation to others - and selected the well-known ones with less than 50% correlation (including gold-EUR & gold-USD just for the hell-of-it, and yes GBP too). This I ran on one laptop, at 0.01/$1000 Lots, increasing 0.01 every $1000 balance. The climbing balance soon proved to be a monster, up to $12000 within a month-or-so. Then the GBP shot up in a trend just long enough past my Close by 20%-of-account with all my GBPXXX open sell grids, and the $12000 dropped to $5xxx (WHOAA, biiig concern) - but after just 3 to 4 weeks is back to $18xxx-&-climbing now. HA! feel free to calculate THAT % profit - hehehe.

2) Then, with so many Nay-sayers here about "Trends are a disaster for this Grid-system!!!" - while trends are anyway few-&-far between and IS a risk (what in life is'nt?) - I googled for "usually ranging pairs" - and ran them on a 2nd laptop / 2nd $5000 Demo-acc (500:1 leverage). Quite a few from above "below 50% correlated pairs" are included - totaling 11 pairs, with 20 pairs left in the above "correlated" group. CubbyBgood also mentioned that he "considered changing his AUDCAD lot size to 0.03 for every $1000 to offset the correlation a bit more. This pair (on it's own) has shown the least DD. Something I may still do down the road." So I started this "ranging" list on 0.02 increasing every $500 = slow movers at higher lot-size & shorter steps. This account slowly crept up to $7xxx over approx 3 weeks.

V6 performs well, but I've noticed - a) It slips (no reaction) a few here-&-there Inside Candles with RIM-at-exstremes. b) Sometimes it closes a trade-grid 20 to 30 pips either below or above my set targets. Although mostly within 5-or-so pips, which is ok. Hell, I'm the last to bitc... uuh, complain.
...............I run a 60min FastTMA-Line channel Indi on all the 30min Charts - and use 75% of each individual pairs' channel distance as my Close By Pips Profit. As one-size does'nt fit-all.
..............Otherwise I run it standard as originally intended - no SL, and 20% Close by % Loss (give it room, Cubby said - and I lost once on Gold big-time when I tried 15%, HA! within 5-or-so pips before it retraced = DAMN!). And while the Open Trades balance almost continuously hovers around -$2xx to -$2xxx - I have NO!! intention to close all trades on Fridays. Why? to lose most of my weekly gains? I keep my stupid grubby paws out of Cubby's master-piece.

Yesterday I added the "Ranging pairs" list to the 1st Demo-acc with the "Corrolated pairs", running the V6 - to see the Total results. Then I did the same Total list in the 2nd Demo-acc with the V7 - to compare the performance, because Cubby never explained the differences (to my knowledge). However, the only V7 I can find here is on page 56 listed by Artico01 (none here from CubbyBgood himself) - and it operates very poorly. It misses most Inside Candles, and opens just a few trades with only 0.01 Lots in the $7xxx account.
.............Please help with a fresh working-good V7 - thanks in advance.

I think you're exactly right!
So many people say...."The trend is your friend". They think trading with the trend is the only way. To be honest, I haven't seen ANY benefit of trading with the trend for at least the past 7 years. The problem with trading in general is us retail traders NEVER know where price is going. To us, the market seems random because it's impossible to see the big picture. The big players like the banks and hedge funds have much deeper pockets to gain an edge in the market. We're kinda left behind with primitive tools and ideas.

The reason why the RMI EA is and has been so strong for such a long time is it takes a small piece of a large pie. Most people would say this idea is a mistake. The saying is..."Let your profits ride and cut your losses short" I think that saying is a bunch of garbage. The saying is flawed because the market is more likely to hit a tight SL rather than a larger TP. It's just as difficult to recover from 5-10 small losing trades in a row compared to just 1 big losing trade. To me, it's about finding ways to turn losing trades into winners by hedging. Grid trading is a form of hedging to me and that's what the RMI EA does.

There is a lot of ways to use the RMI EA as you've seen right here in my thread. People that get the idea of turning losing trades into winners will benefit greatly using my EA. Grid trading obviously isn't the only form of hedging, spreading the exposure across multiple pairs is another great way. When these 2 aspects are used in tandem, it can bring a trading edge. By the way, the differences from V3-V7 isn't too ground breaking. The biggest changes were the TP and SL settings. V7 forced everyone that used the EA to stick to a specific lot size based on the account size. This basically forced people using my EA to not over risk. I'm removing this in the next version. If people can't use my EA to over risk their accounts, they'll just over risk with someone else's EA. Lol.

TrkgSailor, it's important for you to continue exploring my EA and other strategies like you're doing. Others have looked into similar ideas that you're exploring right now with great success!

I've decided to give into my "commercial" status here on FF. I've hated having it but I here it's really difficult to go back after getting it. I walked the line to closely during the course of this thread and it got me into trouble.

Soon I'll be re-launching my website. I'll be launching a slightly modified version of the RMI EA and I'll re-branding my BBands EA which incorporates some of my best trading and hedging ideas into a 1 scalping EA. It's my first scalping EA with a filter to protect it from price spikes and news. Both EA's will include a free version that ANYBODY can download and use on a demo account with no expiration date. Along side the demo versions, I'll be launching paid versions that work on live accounts. I'm hoping this doesn't disappoint people but I'm thinking it's time to start moving in this direction....

CubbyBgood,
- "So many people say...." alot of Cool Aid which the mass-Sheeple swallow - FX, politics, you name it - it's all sound-good propaganda.

- "...us retail traders NEVER know where price is going." HA! this reminds me of when I introduced FX to my grown son, who became very successful with high-end gaming during 20+ years. "Nope, he does'nt need a system, because he can see patterns which seems random to ave-Joe's" - yet he only saw his own a$$ in FX - hehehe. I think you said early in this thread that while trading-witha-trend is all fine & dandy, IF we could pin-point the start & finish - but that's the fine-print which the propagandists brush over.

- "the RMI EA is and has been so strong for such a long time is it takes a small piece of a large pie." Agreed, it's like the lecturer explained 14 years ago, when I had to pay for classes-&-charts those years - Imagine you dip everyday a teaspoon from the Mississippi. Initially I also thought your 0.01 lot/$1000 is ridiculously conservative - but with a bigger basket it snowballs quicker than you could say Mississippi.
..............Plus, as you say about hedging in a basket - besides strength, there's also safety in numbers. I mis-counted my basket earlier - it has 27 pairs and snowballs that I get scared that it almost seems too good to be true.
..............Like the difference between my frugalness to being plain stingy - there's also a fine-line difference between take-most-available versus being plain greedy.

Are you saying in your last paragraph that the present RMI V6 EA will only work in Demo acc's, not Live acc's? And that you will launch paid-versions for Live acc's? If so, .....HA! I'll withdraw my thanks for your unselfishness - hehehe. Then howabout a free-coupon for the 2c-contributors here?

Bless you, CubbyNotSoGood - lol

CubbyBgood,

Hi Mate,

Thanks for the EA! Appreciate it very much.

Just wondering, how many pairs does v7 trade at the same time? I've got three charts attached to the EA but I don't want it to blow my account. Is there any way to limit it to one pair at a time. For example, if AUDNZD trade is trigged then it should no longer look for more trades on different pairs. Appreciate your help in this.

Thanks.

Impressive result....

Every Version trades whatever pair you put the EA on. They don't automatically place trades on multiple pairs (less, of course, you turn on the hedging portion of the EA - then it's only the pair you choose in the settings)...

Forexfreak12
As Dogalot7 said - the EA will only trade the pair(s) on which chart(s) you put it on. So each individual pair's settings could be customized/tweaked per individual pair's characteristics. If you have it running on multiple pairs - like your 3 pairs - the EA will control all the trades in just those 3 pairs, as the Serial # and Magic # is the same on all 3 pairs - not on unrelated pairs/charts.

If I may. Your fear of blowing your acc - sounds as if its a Live acc? ...To believe your own eyes with this beauty - I suggest running the EA in a Demo. HA! but like learning to ride a bicycle - faster speed is better to keep balance (opposite of the natural fear). So run the EA on a bigger basket (many more pairs) - where one's weakness could be compensated by another's strength (another form of "hedging").
...........I run 27 pairs on V6 (the V7 I have does'nt work well) - and only fear that the top will blow off, not the bottom falling out - hehehe. Like, what-de-hell would the dog do one-day when he manages to catch that wheel?!

Thanks Dogalot7 & TrkgSailor!

TrkgSailor,

Great suggestion! Fyi, I am trading demo and will be for next 6 months to properly test out the strategy. I am in no hurry

In terms of running more than one pair, my logic is that I wouldn't do anything on demo that I wouldn't do on live. And I will not run more than one pair at a time on live because of the DD and risk. Therefore, I will stick with just one. It might give me lesser profit but I am contend with 3-4% profit per month which will be 35%-45% profit per annum. I am contend with that.

But thank you for sharing your outlook

hi Guys

i have tried the V7 in a demo account and now i'm on a real account with Xm with a standard account with less than ''1 pip the spread''.


i see that the Ea is comparing the Spread , but i don't understand what is comparing ? he says 10.7>10 but the spread is not 10.7 is 1

can you please explain what is comparing ? and how to improve that so he can open more opportunities ?

Best Regards

The EA is telling you that the spread is currently too high to execute orders. This popup happens even when orders are NOT being blocked. It's basically just notifying you that orders could be blocked. Usually the EA will try a few more times when spread falls back down.

1. Cubbybgood thanks for your sharing and for your prompt answer , the spread in my case is only 1 it's not 10 , how can the Ea calculate on 10 basis ? there is a problem ?

You can change the spread filter 100 instead of 10.00 in the EA settings

Free? Donation required... granted, it can be as minimal as USD10.

I would like to support you, but the market has decided I can't (yet). I will donate when I make some spare cash (hopefully).

Thank you for sharing.

Yeah, I know! Free but not? Whaaa

This is changing soon. I don't like it either. Still, my RMI EA is really good! I'm still giving it out currently when someone donates just $1. I'm not a mean person but I do recommend at least $10 lol!

Originally it was free for anybody to use on any account. I had a donation tab up on my website for months and no one donated after they just downloaded the EA off my website for free. The trading world isn't very nice . This was why I changed it to donation required about a month ago.

In the next 1-5 days, I'll be launching my new modified RMI and BBands EA's. They will be able to be downloaded for free and used on ANY DEMO account indefinitely! No expiration period as of now. This could change but the title of my website is "TheBestFreeEA so something has to be free right?