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Millionaire Expert (save as EA)

  • #761
  • Nov 18, 2020 10:29pm Nov 18, 2020 10:29pm
Quoting zoraxfx
My settings for a 3 000 € account : FI=LI =0.01 D = O = 10 TP = 20 Ladder = 5 28 pairs... I know it's a lot but it's better than a group EUR or USD because if the currency is very strong (or weak) the market can go quickly against you IMO with the 28 pairs there is equilibrium only session London and a few US 8:00 GMT ---> 16:00 GMT {image}
Yeah, I was thinking the same with the 5 pips setting (50 pipettes) to restart every day. Test on demo 3 days with 1 day on real account - demo testing was consistent profitable with drawdown around 2-5 % and profit between 5-7%/day. However, for the sake of discussion, I think there should be a stop point! In my case, after reflection from yesterday performance, I probably call it a day at 22pm my time, or when the drawdown of equity hit -3% of initial balance (i.e. on day profit + 3% give back to the market)

Hi @Macd-rsi

Do you think, (from technical point of view and your interests), it is possible to implement a emergency stop and close order if drawdown hit a certain amount of balance? This way at least we have a protection of capital, either for day trade or swing trade. And it can be set totally based on the user risk appetite
  • #762
  • Nov 18, 2020 11:12pm Nov 18, 2020 11:12pm
Just finished reading this magnificent work. From my experience i have never see anything like this, this must have definitely take lots of time and hard work. And giving it out for free is absolutely UNBELIEVABLE.
I am going back to first page for some account crashing
Thank you for this MASTERPIECE
  • #763
  • Nov 18, 2020 11:59pm Nov 18, 2020 11:59pm
pause
Thailand song,
Can yoy choose?
Inserted Video
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #764
  • Nov 19, 2020 12:58am Nov 19, 2020 12:58am
added: next week final version

FF box: shows the guide to this website thread, "explanations"
NO_EXPERT box: this halt every thing 1) halt trading, 2) halt clicking 3) halt math calculatios 4) halt ASK-BID prices change
etc...
some of my posts # here will be included in the expert ToolTips, for some boxes

so there is touch b/w FF thread and expert, in learning process

e
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #765
  • Nov 19, 2020 12:59am Nov 19, 2020 12:59am
anybody find any mis-typed ToolTips??
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #766
  • Nov 19, 2020 1:06am Nov 19, 2020 1:06am
Quoting Macd-rsi
{quote} it depends on you, but we to follow wise ways, we must weigh b/w 3 things: 1) setting 2) period 3) our account amount if there are three traders with the same setting, but diffrernt equities, say 0.8K, 3K, 10K, my answer will differ even though they are using the same setting! {quote} the very clear advice here: pairs traded should not exceed 7 to 11 pairs, with much safer setting, and avoid pairs with low leverage let us say, follow 50*pairPrice--refer to the post #729 please
Thank you very much for your great work! Just a short question: what do you mean with "avoid pairs with low leverage"? Pairs with low volatility? Can you give some examples, please?
  • #767
  • Nov 19, 2020 1:13am Nov 19, 2020 1:13am
Quoting LadyAmira
{quote} Thank you very much for your great work! Just a short question: what do you mean with "avoid pairs with low leverage"? Pairs with low volatility? Can you give some examples, please?
Yes Amira,
low leverage, like equityCapital now for CHF pairs leverage is 30:1
USDTRY: 1:20
and so on

these pairs consume a lot of margin for only 0.01 lot!

low volatility pairs, pairs that move slowly during the day, for example audnzd, eurgbp, nzdchf, but they are good as others, i never warn of them.
when we put TP 200 pips for GBPNZD (most volatile pair) -- then we put also 200 for AUDCAD ?? we behave in illogical way

every thing had better linked to pair speed.

I disovered that -- price it self is a measure of pair velocity,

audcad now at 0.7000--- gbpnzd 1.95343
then if we put TP =195 pips for gbpnzd,,,,,, better to make audcad TP at 70 PIPS
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #768
  • Nov 19, 2020 1:14am Nov 19, 2020 1:14am
Low leverage effect, compared to high leverage:

math example, to be completed later . . .
LadyAmira
look below at leverage with equityCapital:
all pairs 500:1 except CHF instruments are 33:1!!

that logicaly meaan if enter first 500 lots, other can enter only 33 lots (just for quick comparison)
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #769
  • Nov 19, 2020 1:22am Nov 19, 2020 1:22am
Jagg,
LadyAmira,
LOC16,
PBPTaker,
juisen25,
Hezz

assume I have an account with only 300 USD.
I decided to enter ither GBPUSD or USDCHF---- with 0.27 Lots??
what is the resreved margin in each case?
will be proved 1) using paper and pin---then through 2) demo account:

GBPNZD R = 500:1
USDCHF R = 33.3333333333333:1
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #770
  • Nov 19, 2020 1:38am Nov 19, 2020 1:38am
for USD CHF calculatio first proved that 300 USD not adequate for 0.27 lot
0.27 lot needs 810 USD -- to avoid "inedquate money"

so i go to big account to prove number through practise (math = real practise = 810 USD min req to be able to open 0.27 lot on USDCHF!)

Look at pciture:
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  • #771
  • Nov 19, 2020 1:53am Nov 19, 2020 1:53am
but look for GBPNZD: Margin for 0.27 is less much than 300 USD! it is 71 USD

is that clear??

Math proof on picture
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  • #772
  • Nov 19, 2020 2:29am Nov 19, 2020 2:29am
CRT_120_05_thanhalove copy--plese do not focus on orderComment if you use approach "Velocity Meter"
but if you do not use, it is ok

i find OrderComment mistake, it is not the format i wish!!
has been rectified

for mates, please now practise Velocity-meter, regardles of orderComment

steps: (2 quick clicks only)
1-assume you wnat setting "Orange 10" - do not click on it--wait
2-click first "Velocity-Meter" box---it will become green color, not gray
3- then click on "Orange 10"

O and D columns will be filled with "around 10 values"---not exact 10 values. Rule of justice

Rule of justice = 10*BidPrice
baole - in this way it is fair!! ??
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #773
  • Nov 19, 2020 2:49am Nov 19, 2020 2:49am
Quoting Macd-rsi
this is my safe setting for 2K--- 67-calibrated pips, as explained in detail yesterday O=D=67*pairPrice (for justice ) why EURUSD O=D=79.5 pips ?? 67*1.18777 = 79.5 67 mapped on price! (calibrated on price) TP = 250 CALIBRATED it is fair and good practise if you make EURUSD 79, to make AUDSUD 48 pips 79 = 48 = 67 how? ans: equal in speed of placing orders!! {image}
Hi @Macd-rsi

I got this question, maybe I'm overthinking, but hope you could help to clarify for me. For this setting, how are we going to treat the ref price? I'm wondering should we update once in a while, say monthly
  • #774
  • Nov 19, 2020 3:39am Nov 19, 2020 3:39am
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  • #775
  • Nov 19, 2020 4:13am Nov 19, 2020 4:13am
Quoting Macd-rsi
{image}
Is that the test running?
  • #776
  • Nov 19, 2020 4:16am Nov 19, 2020 4:16am
ShortQuiz? who answers first? (Explained earlier in many posts)

Look at the picture:
TE Treading explorer attached: is position now from MillionareExpert or from other expert?
who you know?
Attached Image (click to enlarge)
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #777
  • Nov 19, 2020 4:20am Nov 19, 2020 4:20am
Quoting baole
{quote} Is that the test running?
of course not, each time i compile the code i take picture,
last picture I forget to illustrate dashboard titles "Passive Boxes" oR "Active Boxes" -- u know!! fatigueness and tiderness!!

Passive: title BG color is Black--------------non-Black: Active-fire
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #778
  • Nov 19, 2020 4:28am Nov 19, 2020 4:28am
Quoting Macd-rsi
ShortQuiz? who answers first? (Explained earlier in many posts) Look at the picture: TE Treading explorer attached: is position now from MillionareExpert or from other expert? who you know? {image}
Hi
Thank you very much
I think not from millionare expert
  • #779
  • Nov 19, 2020 4:31am Nov 19, 2020 4:31am
please all post any question here,
from PV mesasge:
Quote
I loaded your EA and it looks good but will it trade for me based on a strategy?
please brother read from the begnining
if you can not, we mentio next month , 1 dec we start discussion based on "when to use it"
up to know there are many posts about this matter plus mates' tests.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #780
  • Nov 19, 2020 4:35am Nov 19, 2020 4:35am
Quoting maziarb
{quote} Hi Thank you very much I think not from millionare expert
Yes:
please all read next points 3 times:

MExpert orderComment start with:
1) one letter, then underscore for "ONE-TIME" mode,---you how decide this later as explained earlier
or
2) for REPETION MODE: strat with prefix "NR_"
or
3) pending Orders of SEND box, start with prifix "G_"

and no more

thx maziarb
each day 10%,,,, https://www.forexfactory.com/thread/1371538
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