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Millionaire Expert (save as EA)

  • #2,361
  • Dec 9, 2020 10:51pm Dec 9, 2020 10:51pm
Quoting Macd-rsi
{quote} yes brother, it is working fine with you Lessons on EXCEL-SETTING: https://www.forexfactory.com/thread/...6#post13298686 you clicked on "IMPORT" word, therefore even refPrices will be imported===ref that has been saved hours ago by you. after hours you recall data inclding ref prices--- and it is norma there will be engifg DB and DS Since DB - is the current price minus refBuYpRICE. But if you want to recall all 20 columns setting except refPrice (you want current prices to be the ref, not saved ones) -- click on adjacent...
Thank you macd for your explanation, it makes sense to me now!

Based on my little experience with EAs, experts do not work with only 1 or 2 settings and it depends on many other factors like time frame, market conditions, personal "frequency" (I am guess your risk tolerance) etc. I am so impressed that your expert is made up of so many experts and scripts all-in-one and you even share on how to use it to customise and modify your settings based on the 4 indicators and managing lot sizes (by opening many smaller lot sizes).

I am very interested in your success of this expert and I look forward to more of your sharing for trading using your 4 indicator alerts. Let me know how I can better contribute or assists in your testings
  • #2,362
  • Dec 9, 2020 11:01pm Dec 9, 2020 11:01pm
if you see rows with dark green or dark red "Brown" --- DS and DB are +ve
+ve mean: not important === market infortunately does not go against us
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if you remeber my recommendation on EURGBP-- we missed the chance since arket does not go in sell limit direction!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,363
  • Dec 9, 2020 11:06pm Dec 9, 2020 11:06pm
Quoting sacredragon
personal "frequency" (I am guess your risk tolerance) etc
guesses of some people are facts
and
facts of many people are guesses

please write it before it evaporates

iam happy you got frequency difinition--your holy psychological/emotional/tears number-- the first step to study risk management is to to study your self first. Therefore: always what is your frequency?
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,364
  • Dec 9, 2020 11:22pm Dec 9, 2020 11:22pm
the expert already have a long bar for risk =sensor
give you exactly after how many pips you will recieve margin call. this measure is much better than tradional ways -risk-gauges.

Attached Image (click to enlarge)
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ss
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,365
  • Edited 11:47pm Dec 9, 2020 11:36pm | Edited 11:47pm
and since it depends on complicated math calculations that iterate over all open positions (assume it is 10,000 position) that may be a heavy jop on expert
therefore you have the right to activate or deactive RISK bar operations
but for few orders--say 200 order-- it is ok from speed perspective
Attached Image (click to enlarge)
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TPV--Green--activated
Brown: OFF

With diversification, and with different pairs volatility "speed" it is impossible to all pairs to move with same step--for example all at the sam time moves by 50 pips!

assume AUDCAD-GBPNZD-EURUSD -- Ayour open position
if GBPNZD goes againt us by -400 pips (more than 198 pips) -- that does not mean MCP will happen
may EURUSD go in our direction with +34 pips, and AUDCAD only goes against you by -66 pips!!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,366
  • Dec 9, 2020 11:37pm Dec 9, 2020 11:37pm
Quoting Macd-rsi
the expert already have a long bar for risk =sensor give you exactly after how many pips you will recieve margin call. this measure is much better than tradional ways -risk-gauges. {image} ss
TPV is to show the Risk Indicator right?

It only displays when I click on "xy=1868*910(DPI=96)" box
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  • #2,367
  • Dec 9, 2020 11:49pm Dec 9, 2020 11:49pm
Quoting sacredragon
{quote} TPV is to show the Risk Indicator right? It only displays when I click on "xy=1868*910(DPI=96)" box {image} {image}

perfectness drops from 100.00% to 99.93%
it is there but hidden behind other buttons!
thank you
i will kill you
you r realy precious
precious diamond

why in your picture bar is totally green?
ans: MCP is now 2377 pips > 2000 pips
bar length is 2000 pips--which i make it the threshold.

in my opinion >2000 beyond the risk ---------- = no risk!
will EURUSD jump 2000 pips at one day or even one month?
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,368
  • Dec 10, 2020 12:12am Dec 10, 2020 12:12am
Quoting Macd-rsi
it is there but hidden behind other buttons!
sorry for not accurate answer
it is not there, disbaled in expert detailed-show
bar name "Risk sensor" not on pictyre arranged alphapetically:
Proof:
Attached Image (click to enlarge)
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==
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,369
  • Dec 10, 2020 12:19am Dec 10, 2020 12:19am
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,370
  • Dec 10, 2020 12:21am Dec 10, 2020 12:21am
Quoting Macd-rsi
{quote} perfectness drops from 100.00% to 99.93% it is there but hidden behind other buttons! thank you i will kill you you r realy precious precious diamond why in your picture bar is totally green? ans: MCP is now 2377 pips > 2000 pips bar length is 2000 pips--which i make it the threshold. in my opinion >2000 beyond the risk ---------- = no risk! will EURUSD jump 2000 pips at one day or even one month?
In this case diversification is key! Because if I trade 28 pairs, it is highly unlikely that all my positions go against me and cause a change in >2000 pips, especially when im trading BL/SL.

I strongly believe in these 2 points, and this EA helps me to achieve both!
1) diversification
2) risk management

I may be wrong but I feel strategies and entries/ exit only help to increase probability, but in the end by diversification, which also links to risk management, it will lower our risk of getting margin call. I will pay closer attention to MCP now

Thank you so much Macd for sharing this awesome expert!

Just wondering is there a way for me to know my my total Pips based on my current settings even before my postions are open? So I will know my settings make sense based on my "frequency"?

Also I might have missed one of your threads, but I cant seem to find any explanation of these boxes in the picture.
Attached Image
  • #2,371
  • Dec 10, 2020 12:37am Dec 10, 2020 12:37am
Quote
Just wondering is there a way for me to know my my total Pips based on my current settings even before my postions are open? So I will know my settings make sense based on my "frequency"?
ok, let us begile some of our time on it.
here lies the importance of forex math
nobody has the right to speak about risk management without mastering forex mathematics!! around 18 rule, 5 of them are critical. most of risk -management puplications are just a pullshit! sorry for the word.

============
regarding BROWN boxes, tooltips may help
i alraedy explained the reason
1- ALL these boxes related to math calc iteration each one second, assume you choose 42 pairs?? make expert a little bit heavier--less responsive if you have old PC.
2- in the code, there are 6 math functions for six differnt caculations
3- for each one we decide a key "Brown box" to allow or dis-allow math-calcualtions
all of these calcs are not importmat for online trading--not related to setting---
or exammple cilumn PL_USD -- not important for operations--it just a calculator--- so you have the right tp allow or dis-allow
this PL_USD usualyy consume about 0.050 sec of each update
if you dis-allow, you free 0>050 sec for the sake of whole process.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,372
  • Dec 10, 2020 12:56am Dec 10, 2020 12:56am
PLEASE

sacredragon
Eschmo
,
Could you reach to this FF thread from inside expert:
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IF YES, FF may pay me for this ad
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,373
  • Dec 10, 2020 1:00am Dec 10, 2020 1:00am
Yes it brings me to first page of Millionaire Expert thread
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  • #2,374
  • Dec 10, 2020 1:12am Dec 10, 2020 1:12am
Quote
ok, let us begile some of our time on it.
here lies the importance of forex math
nobody has the right to speak about risk management without mastering forex mathematics!! around 18 rule, 5 of them are critical. most of risk -management puplications are just a pullshit! sorry for the word.
let us assume you now know all forex basic maths, MraginRule and PipValueRule, and P/LrULE
In advance you know if market executre all of your orders, what is total lots, and as a conseuence easy to calc for pipvalue and Margin
if you know both parametres-- you immediaty can calc for MCP

Accurate unique rule already empeded under dummies
Attached Image
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,375
  • Dec 10, 2020 1:20am Dec 10, 2020 1:20am
Lesson 01 on Mathematical Calculation Boxes
TPV box: to prevent/allow math calc for risk bar only.
Reason: make expert a little bit slower if ON.
Recommendation: use it when necessary.
ME: I use it all the time.
Feature: it is very responsive for new orders--show immediate effect. try to enter manually 10 lots and observe immediate response on bar.

Attached Image (click to enlarge)
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=
TPV = TotalPipValue
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,376
  • Edited 1:41am Dec 10, 2020 1:24am | Edited 1:41am
Lesson 02 on Mathematical Calculation Boxes
avgP box: Show values on P/_USD Columns.
Reason: may make expert a little bit slower if ON.
Recommendation: use it when necessary.
ME: I use it all the time.
Feature: if you deactivate, the last values before deactivation will remain in the column.
Hints: Box title will be changed from avgP to P/L.
current version:
Attached Image

next version:
Attached Image
=
=
=
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,377
  • Edited 2:10am Dec 10, 2020 1:24am | Edited 2:10am
Lesson 03 on Mathematical Calculation Boxes
BSL box: Calculate the net lots for each pair on the dashboard. (FIRE box)
Reason: may make expert a little bit slower if ON.
Recommendation: use it when you aundestand its role.
ME: I use it sometimes.
Feature: assume you free margin is negative, and you have 5 lots buy on EURUSD, and now a new SELL entry. what expert should do? depends on you, since you can hedge EURSUD upto 5 lots SELL, you cn enter SELL even if margin is negative or most of the brokers.
Hints: Box title will be changed from TLC to BSL. + it is fire box. fire = related to online trading

BEFORE
Attached Image

AFTER

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BSL = BUY minus SELL LOTS
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,378
  • Edited 2:45am Dec 10, 2020 1:24am | Edited 2:45am
Lesson 04 on Mathematical Calculation Boxes
ILP box: it is a script, not expert. calculate all account netLots and total pipValue upon request.
Reason: may make expert a little bit slower if ON.
Recommendation: No recommentation, it is jst a script.
ME: I use it upon my desire.
Feature: none.
Hints: Box title will be changed from ILC to ILP.
Attached Image (click to enlarge)
Click to Enlarge Name: _9993.png Size: 45 KB

Hint: ILP == Immediate NetLot and PipValue Calculations
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,379
  • Edited 5:32am Dec 10, 2020 1:25am | Edited 5:32am
Lesson 05 on Mathematical Calculation Boxes
APP box: calculate for average prices in both directions separately, and calculate profit or loss in pips for each pair on dahboard.
Reason: may make expert a little bit slower if ON.
Recommendation: upto you--it is not affecting online trading in any way. it is just a calcualtion.
ME: I use it sometimes esepcially under "SHOW_ALL" box.
Feature: knowing average prices for huge number of orders, make your trading conception better.
Hints: Box title will be changed from TLC to APP.
before:
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after

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APP: AveragePrices/Pips
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #2,380
  • Edited 5:42am Dec 10, 2020 1:25am | Edited 5:42am
Lesson 06 on Mathematical Calculation Boxes
GAP box: Show difference b/w MS and MB, which is actualy the extreme range since your last click on any one of referencing prices boxes, or auto refrencing.
Reason: may make expert a little bit slower if ON.
Recommendation: no recommendation, you decide.
ME: I use it sometimes.
Feature: Know the range since refrencing.
Hints: values are shown the absolute value, since it is a mere distance.
Attached Image (click to enlarge)
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
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