Millionaire Expert (save as EA)

Thank you for sharing this, Macd-rsi...

If you change the time frame, it will restart calucltion from the beginning.

1. bazze

weclome brother
I hope to complete everything prior to the end of this month

now let us come back to MillionaireExpert

New lesson: Ready-setting "Orange Number Boxes"

There are 11 Orange numbers--they are one of the most important expert tools.
1
2.5
5
10
25
50
100
250
500
1000
2500

now add after each number its measuring unit -- say "1 pip" instead of "1"
it is will be the value of D and O columns unified for all pairs. later you can change setting of any specific pair.

O column---- O = Offset Pips

D column---- D = Difference Pips

look at pict--when i click on "25" -- expert put many setting values for each pair--almost he put everything except PAIRS ACTIVATION to avoid expert immediate autotrading and to rethink twice.

if you accept these setting just click on "PAIRS" box to complete everything and start trading

O = 25 pips means the first hidden pending order will be executed if price goes against you by 25 pips
O: for the first order--it is clear!!

D: for the second order and above, (2nd, 3rd, 4th etc.... orders)
if O=25 pips and D=25 pips then:
2nd order will be executed after 50 pips, (25+25)
3rd order will be executed after 75 pips, (25+25+25)
and so on

imagine O=25 pips and D=31 pips. then:
1st order after 25 pips.
2ndt order after 56 pips. (25+31)
3rd order after 87 pips.(25+31+31)
4th order after 118 pips. (25+31+31+31)

and so on.
1st order after 25 pips.

ready-dummy-numbers from 1 to 101

when dummy "31" is memorized in expert memory, you can use at as you wish.
for example:
1 - when you click on D box--all Dvalues will be 31 pips
2- if you click on FL box -- all first order lots will be 31 lots (not pips--it is a dummy = could be anything)
3- if you click on TP box -- all TP values will be 31 pips (not lots)

and so on if you click on O box of LI box or TO box (here it will be 31 orders -- not lots--not pips)

is it clear?

if you click on any number it will be trasfered autmaticly to memory box "DUMMY VALUE BOX"

change first order lots to 0.04 lots (it must suite your balance--it depends on you)

New lesson:
This is not a part of expert work--it is just an alert of some technical analysis--regrading MACD and RSI
i have added THEM to expert upon request of one of my intimate friends! it may help you more in taking right decisions!
again it will not affect expert work--it is just an alert. look at it as "state of watchgful eyes for possible MACD or RSI crosses"

these two indicators are hidden under BID and ASK prices on dashboard.
BID: help in watching RSI status
ASK price; help in watching MACD status

if Bid color is Green: RSI above 70
if Bid color is Red: RSI below 30


if Ask color is Green: Macd signal crosses macd main up above 0-axis
if Ask color is Red: Macd signal crosses macd main down under 0-axis

and do not forget- the RSI/MACD frame according to chart frame we attach expert to.
if you change frame, colors will change

This expert now tell us three things:

EURUSD MACD: inverse cross above 0
USDCHF MACD: inverse cross below 0
NDJPY RSI: now above 70 level
let us check it in real live.
open thier charts - then apply MACD or RSI
====
inverse cross mean: signal cross main---not main cross signal
if above 0 -- cross up
if below 0 - cross down

New lesson:
LL = Lot limiter column
this column values show the maximum accumulative pairs in one direction for each pair.

for example your balance is 4000 USD -- you want to enter 50 position on EURUSD -- and at the same time you do not want total lots to exceed 3 lots.
simply set EURUSD LL value t0 3 lots to avoid risky situations!! it depends on you!

New lesson: Ladder
after how many orders to increment new order lots??
ans: depending on Ladder Value of D box in right area

look at picture:
ladder is 5 --therefore each five orders we increment (increase) lots
we have 20 orders === TO column = 20

FI = 0.01
LI = 0.01

therefore:
1st order = 0.01 lot
2nd order = 0.01 lot
3rd order = 0.01 lot
4th order = 0.01 lot
5th order = 0.01 lot
6th order = 0.02 lot(Last order lot+LI)
7th order = 0.02 lot
8th order = 0.02 lot
9th order = 0.02 lot
10th order = 0.02 lot
11th order = 0.03 lot(Last order lot+LI)
12th order = 0.03 lot
13th order = 0.03 lot
14th order = 0.03 lot
15th order = 0.03 lot
16th order = 0.04 lot(Last order lot+LI)
17th order = 0.04 lot
18th order = 0.04 lot
19th order = 0.04 lot
20th order = 0.04 lot

each 5 orders we augment order lots!
will be proven through practical trading this week--
ان شاء الله تعالى