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Millionaire Expert (save as EA)

  • #2,061
  • Dec 4, 2020 12:30pm Dec 4, 2020 12:30pm
Quoting Meister81
Hi Mohammed, is it possible to post general questions now or should we wait until the weekend?
of course you can post 100 times now
nothing more to say
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,062
  • Dec 4, 2020 12:39pm Dec 4, 2020 12:39pm
Skat, people of DPI96 will be happy more--if you see late minor correction
it depends on you if you see better version
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,063
  • Dec 4, 2020 12:48pm Dec 4, 2020 12:48pm
now time is Friday 18 GMT TTS OFF - we promise replies here to be open for all (budies or non-bodies) each week from Friday 18:00 to sunday 18:00 GMT

All FF members can post now till sunday
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,064
  • Dec 4, 2020 12:53pm Dec 4, 2020 12:53pm
Quoting Macd-rsi
{quote} of course you can post 100 times now nothing more to say
Thank you! My question is about the leverage, probably it affects more people. My broker offers a leverage of 1.100. Could you propose a "safe" setting for this situation for a 18.000 € account?

I suggested the following settings which you found accetable (would that be ok for 1:100, too or should I change something?):

BL, SL on
O, D = 50 and 67 for GBP pairs
FL, LI = 0.02
LL = 5
L1, L2, L3 = 1
TO = 20
LD = 5
TP = 85

Thank you very much!
  • #2,065
  • Dec 4, 2020 1:01pm Dec 4, 2020 1:01pm
Quoting Meister81
{quote} Thank you! My question is about the leverage, probably it affects more people. My broker offers a leverage of 1.100. Could you propose a "safe" setting for this situation for a 18.000 € account? I suggested the following settings which you found accetable (would that be ok for 1:100, too or should I change something?): BL, SL on O, D = 50 and 67 for GBP pairs FL, LI = 0.02 LL = 5 L1, L2, L3 = 1 TO = 20 LD = 5 TP = 85 Thank you very much!
this math problem brother,
tell upon your last years in market: forcast who many orders will be executed? -- just estimation for two weeks--calculate on worst case of course
worst case is -- all 28 pairs go in one direction - say 300*PairPrice pips
then upon O and D you can estimate total orders for each pair, and supsequintly associated lots--then use unique rule for margin

Margin = CS/R*ZZZYYY*YYYDDD*Lots.

it is a math problem.

ask your self what is the max lot possible for 18,000 EUR----Leverage 100:1

the rough rule is very simple: (rough due to pairs differ in prices -- then in thier RMargin)
here will assume pair YYYXXX with price 1.00000
MaxLots = 18,000/(R) = 18,000/100 = 180 Lots

if your forcast mush less than 180---- 100% setting is profitable

for all these question: honest answer--study math to accueratly get the correct decision and know consequences in advance

TP=85 for save setting---very very very stupid take profit -- realy i can not tolerate it
it should be say 150 at least *Pair Price
from now and on use the language of TP = 300 or 200 or 500 pips! if you choose save setting
this is the correct behavior of wise traders "normal people"

give chances ample time
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,066
  • Dec 4, 2020 1:21pm Dec 4, 2020 1:21pm
Quoting Macd-rsi
{quote} this math problem brother, tell upon your last years in market: forcast who many orders will be executed? -- just estimation for two weeks--calculate on worst case of course worst case is -- all 28 pairs go in one direction - say 300*PairPrice pips then upon O and D you can estimate total orders for each pair, and supsequintly associated lots--then use unique rule for margin Margin = CS/R*ZZZYYY*YYYDDD*Lots. it is a math problem. ask your self what is the max lot possible for 18,000 EUR----Leverage 100:1 the rough rule is very simple: (rough...
Thank you, English is not my native language, so I often have problems with translation. Could you make a numerical example for a safe setting with 1:100 in my situation to make it clear? That would be very nice, thx mate! I was never a wizard at maths.
  • #2,067
  • Dec 4, 2020 1:24pm Dec 4, 2020 1:24pm
Quoting Meister81
{quote} Thank you, English is not my native language, so I often have problems with translation. Could you make a numerical example for a safe setting with 1:100 in my situation to make it clear? That would be very nice, thx mate! I was never a wizard at maths.
it is not a complex math

it is only * + - /
look at prev equations---no since, no cosine, no integrals, no Bessel equatios

you have 18,000 ---> then your account at worst aggresive entry accpet 180 lot for pair YYYXXX, With price 1.0000
most prices a little bit above one

theredore let us say your account can tolerate upro 150 lot.

now:
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,068
  • Dec 4, 2020 1:29pm Dec 4, 2020 1:29pm
now almost within 2 weeks 6 orders per pair
then lot : 0.02+0.02+0.02+0.02+0.02+0.04 = 0.14

0.14 for 28 pairs = 0.14*(20+8) = 20*0.14+8*0.14 = 2.8+0.12 = around 3 lots

3 lots compared to 150 lots- are very very very very save

now does it give good profits??
lest us say they reach on average halve of TPs -- some profit - some loss -- but average is +150 pips

150*3*10 = 150*30 = 4500 EUR

It is sensible profit--you can feel it in your life
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,069
  • Dec 4, 2020 1:30pm Dec 4, 2020 1:30pm
Hi Mac! This ea looks very detailed, good work! I’ve looked through hundreds of posts looking for a simple explanation of the strategy and money mgmt, i must have missed it or not gotten to it yet, could you point me to it please? Thank you so much!
  • #2,070
  • Dec 4, 2020 1:42pm Dec 4, 2020 1:42pm
Quoting lesuer26
Hi Mac! This ea looks very detailed, good work! I’ve looked through hundreds of posts looking for a simple explanation of the strategy and money mgmt, i must have missed it or not gotten to it yet, could you point me to it please? Thank you so much!
welcome non-buddy
no, we mention already, we here to redisgn your mind
aam nor programmer, iam thinker
your post full of old-style

now we finish technical issuesm how to operate expert.
many times we mention it is a tool expert not decision-maker expert
this day we uploaded final version and started speaking about risk-sensor (part of expert)

in one post we recommend to throw behind your back things like ratio 1:2 and alike simplistics

and as i remeber after 7 years in the market, i never remeber one member he can speak in right way about money management--all of them below average mentaly from math veiwpoints.

there are 18 rules, -- we already mention 4 of them and it is coming through trading

may this thread is not suiting you
but if there is a desire to change to better, you are welcome
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,071
  • Dec 4, 2020 1:43pm Dec 4, 2020 1:43pm
Hi Sir, I tried the final version, and tested SmartStopLoss. I use a small 500u account and use O = D = 1 to check, set Eq> 700 and Eq <300. After 1 hour when Total <300, I saw TE stop entering commands and disconnect my account from the server. (Box number 5 = RED) I don't know if it is correct when it doesn't close running commands, just stops entering. Then the remaining commands are still running and continue to sound until the account burns
  • #2,072
  • Dec 4, 2020 1:49pm Dec 4, 2020 1:49pm
Thank you, mate! Then I'll change the TP to 150, I had it at 100 before and not 85, it was a mistake. And another question, from your experience can we start on Sunday night or should we wait for Monday London open?

By the way do you have also a good setting for Gold?
  • #2,073
  • Dec 4, 2020 1:49pm Dec 4, 2020 1:49pm
Quoting thanhalove
Hi Sir, I tried the final version, and tested SmartStopLoss. I use a small 500u account and use O = D = 1 to check, set Eq> 700 and Eq <300. After 1 hour when Total <300, I saw TE stop entering commands and disconnect my account from the server. (Box number 5 = RED) I don't know if it is correct when it doesn't close running commands, just stops entering. Then the remaining commands are still running and continue to sound until the account burns
if possible picture
but as a general anwer this feature is tested many times and it is working as per design plan
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,074
  • Dec 4, 2020 1:50pm Dec 4, 2020 1:50pm
Quoting Meister81
Thank you, mate! Then I'll change the TP to 150, I had it at 100 before and not 85, it was a mistake. And another question, from your experience can we start on Sunday night or should we wait for Monday London open? By the way do you have also a good setting for Gold?
your questions about trading itself
and this your experience may be better than me.
but practise your self and at 1 jan tell us conslusions
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,075
  • Dec 4, 2020 1:57pm Dec 4, 2020 1:57pm
I forgot something, sorry. Would it make sense to add for EURNZD and EURAUD also O = D = 67 because of their volatility? Just for a more safer setting and just an idea.
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  • #2,076
  • Dec 4, 2020 2:02pm Dec 4, 2020 2:02pm
Quoting Meister81
I forgot something, sorry. Would it make sense to add for EURNZD and EURAUD also O = D = 67 because of their volatility? Just for a more safer setting and just an idea. {image}
your question about trading
depend on you and no your experience
my answer may be wrong
try and tell us
you can do every thing-- i just tell here that expert give choice of selection O, D from 0.1 pips upto 99999 pips
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,077
  • Dec 4, 2020 2:06pm Dec 4, 2020 2:06pm
Quoting Macd-rsi
{quote} your question about trading depend on you and no your experience my answer may be wrong try and tell us you can do every thing-- i just tell here that expert give choice of selection O, D from 0.1 pips upto 99999 pips
Ok, it occurs just to me. Or reduce the extreme volatile pairs like GBP to FL, LI = 0.01 for more security.
  • #2,078
  • Dec 4, 2020 2:09pm Dec 4, 2020 2:09pm
iam only have difinite answers like this:
other question, may my answer not correct and you have better one, may not
depend on trader experience
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,079
  • Dec 4, 2020 3:15pm Dec 4, 2020 3:15pm
Quoting Macd-rsi
{quote} your questions about trading itself and this your experience may be better than me. but practise your self and at 1 jan tell us conslusions
Hi Sir, Here is it. I just did it again P (1) is when I just installed it P (2) is when SmarStoploss Do not know if I made a mistake? Thank you!
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  • #2,080
  • Dec 4, 2020 3:16pm Dec 4, 2020 3:16pm
Quoting Meister81
I forgot something, sorry. Would it make sense to add for EURNZD and EURAUD also O = D = 67 because of their volatility? Just for a more safer setting and just an idea. {image}
Thank you!
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