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Millionaire Expert (save as EA)

  • #2,661
  • Edited 7:16pm Dec 15, 2020 2:52pm | Edited 7:16pm
Repeated Lesson:
Lesson-01 Group Selection
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1- First Step confirm that "GROUPS KEY" is ON = Green
2- if not click on it one time. First be sure MOUSE-CLICKS also Green. if not click on PASS then WORD then MOUSE-CLICKS.
3- Since MOUSE-CLICKS is green you now can click on any Fire-Active buttons, like "GROUPS KEY"
4- If GROUPS-KEY is green, now you can click on any group. let us click on button "MY"-- This is MY-group which is the famous 28 pairs arranged according to my desire.
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5- MY button will become RED which indicate the first click on "MY"
6- and as a consequence, the 28 pairs will appear on the dashboard with null values. except for LD column and L1 and L3 columns.
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t
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  • #2,662
  • Edited 6:29pm Dec 15, 2020 2:53pm | Edited 6:29pm
Lesson-02 Group Selection - EXCEL FILES
0- This is the best choice among all groups--you choose and arrange and repeat if you want your pairs accoding to your desire.
1- First Step confirm that "GROUPS KEY" is ON = Green
2- EXCEL has 4 groups -- you have the possibilty to make 4 excel files, each one has its own instrument upon your desire. for example one for pairs you usually trade, other for mix of metals and some pairs, rtc...you not me who decide. each click on EXCEL button you go to next file elemnts. it will be reflected on dashboard.
3- these files names must be with the floowing names:
-----complete rotation 4 clicks
------------1--EXCEL_PAIRS_1.csv
------------2--EXCEL_PAIRS_2.csv
------------3--EXCEL_PAIRS_3.csv
------------4--EXCEL_PAIRS_4.csv
format: EXCEL then underscore _ then PAIRS then underscore then 1 or 2 or 3 or 4
4- extesnion must be *.csv not xls
5- These files must be saved under MQL4\\FILES, and for each file just fill excel column A with all your instruments
6-what you see on piture is my choice. Your choice definitrly will differ.
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7- Look at picture, you just fill column A on excel-sheet, nothing more. you may do it at one time in your trading live.
8- we put it at the first place in the groups row since it is the best solution
9- you can repeat pair many times. this is one of the strongest point in expert. Reason: you want O and D for SELL poistions different from O and D for BUY positions.
10- if you write wrong instrument name like UERUSD, expert will filter it.
11- if you decide to see disabled pairs, (comming lesson) -that wrong name will appear. You can go to excel and deleted it or correct it.
12- please write pairs as they appear on their chart or on MarketWatch, for example EURUSD or EURUSDpro or EURUSD.c ...
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  • #2,663
  • Edited 7:14pm Dec 15, 2020 2:54pm | Edited 7:14pm
for Skat

Lesson-03 Group Selection - PATH Button
1- number of ckicks here is not unqiue number. it is depend on your broker susbtitles in Symbol window.
2- Path 0 then path 1 then path 2 etc are arranged in alphapetical order, usually CFD first since C letter comes before F letter in "FX group".
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3- Instruments will be arranged on our dashboard according to their appearance in Symbol Page
4- The title in the symbol page will be the title of dahboard
5- To restart from path 0 after reaching path7, click on PV button, to left, then click on path again

Attached Image

6-
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  • #2,664
  • Edited 7:33pm Dec 15, 2020 2:54pm | Edited 7:33pm
Most of the traders may prefer this button

Lesson-04 Group Selection - CH Button
1- this group CH only conisist of one elemnt, the pair of the chart. EURUSD in picture.
2- it has only one click
3- for those who trades only one pair, this is the best solution:
4- it makes expert faster since there will be much less buttons!
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5- CH is the first two letters of word CHART.
-
-
-
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  • #2,665
  • Edited 7:37pm Dec 15, 2020 2:54pm | Edited 7:37pm
Lesson-05 Group Selection - 8 Buttons for famous 8-currencies
1- each one accept 8 clicks for 8 different choices.
2- look at toolTip/
Attached Image
f
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  • #2,666
  • Edited 7:48pm Dec 15, 2020 2:55pm | Edited 7:48pm
Lesson-06 Group Selection - 3 Buttons: 28, SEC and CUR

1- "28" Famous 28 currency-pairs
2- "SEC" all currency pairs except famous 28 pairs
3- "CUR" all famous28 pairs plus all SEC curency pairs
4- here indeces , dtoke and alike are excluded.
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5- please explore each button. ToolTips assit
6- CUR is thefirst three letters of word CURRENCIES
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  • #2,667
  • Edited 7:47pm Dec 15, 2020 2:55pm | Edited 7:47pm
Lesson-07 Group Selection - "NON-28"
It includes every thing eithe SEC currency-pairs, indeces or stocvks etgcc except famous 28 pairs.
Attached Image
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  • #2,668
  • Edited 7:55pm Dec 15, 2020 2:55pm | Edited 7:55pm
Lesson-08 Group Selection - OSC Button
1- OSC = Open Seconday Currencies List
2- it is save-active, therefore uou can click on it anytime, even if the expert is running. no change to setting
3- no need for GROUPS-KEY
4 its importance arise from the fact that some brokers offer a plenty of currencies that exceed 19 cusec currency.
5-click on it a new row elemnt will appear
6-to return back to the original row click on OSC gain.
7- ff your brker offer more than 53 SEC currencies, click on the FLIP button to see more hidden rows
8- if you reach to the last SEC rows, more click on flip will go to first SEC row elemnts.
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  • #2,669
  • Edited 8:00pm Dec 15, 2020 2:55pm | Edited 8:00pm
Lesson-09 Group Selection - non-applicable groups for MillionareExpert
1- PV , OPEN/PEND and CLOSSED buttons -are very important for other experts like DisplayClick, but they are not essential here
2- USER button has been explained in depth 1 month ago. it is depend on extern variable which i considered it fuddy-duddy meothd! EXCEL is better
3- so ignore thier existance here
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  • #2,670
  • Edited 8:07pm Dec 15, 2020 2:56pm | Edited 8:07pm
Lesson-09 Group Selection - Specific Lesson on Repeated pairs

1- i think we offer here what may be considered a revolutionary solution:
look at pcicure: AUDUSD is repeated 3 times- so possibilty of different setting for both BUY and SELL
Attached Image (click to enlarge)
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2- the possibility of "repeated pair" as many times as you want. for example you can repeat EURUSD 5 times. this help you to distiguish Sell setting from Buy setting or QuickSetting for first 100 pips and different buy setting after 100 pips.
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  • #2,671
  • Dec 15, 2020 4:06pm Dec 15, 2020 4:06pm
Hello Macd-RSI we need a thank you ITALIA
Let me know what I can do or how I can help! Always a pleasure dude
  • #2,672
  • Dec 15, 2020 6:33pm Dec 15, 2020 6:33pm
Quoting zoraxfx
{quote} Nice DD. Please could you share your settings ( or your dashboard) ? Thank you.
Hi Zoraxfx,

i'm using the default ORANGE setting just to simulate case study the profits/floating in one day that we should expected during our daily trade.
Attachment g
so below is the case study results.

Account balance: USD 20,000

ORANGE 1 (TO=20, TP=10): 19 hours trading

Profits: USD 2397.04
Highest floating: USD 2500
At the end hour floating: USD 367.33

ORANGE 20(TO=20, TP=50): 24 hours trading

Profits: USD 141.5
Highest floating: USD 240.0
At the end hour floating: USD 196.0

Case study show that if the account big enough to expect high floating you can go with orange 1 since the O=D=1 is a high pace trade whereby orange 20 O=D=20 it's more relax trade and suits for those with low budget account to start.. In conclusion of this case study it can generate profits continuously with the default setting and subject to change (risk) to go with the ORANGE 20 but with the modify lots size (0.01......5.00 so on) depend on the account size..

So next study case i will run with orange 10..
  • #2,673
  • Dec 15, 2020 6:49pm Dec 15, 2020 6:49pm
Quoting hhloverhh
Hello Macd-RSI we need a thank you ITALIA Let me know what I can do or how I can help! Always a pleasure dude
welcome to hearts before thread
experience with us some of infinite possibilities
(49) Proud to be ITALIAN!!! - YouTube
-------
unseen possible problem
--assume you have hash # orders--now ## instead of #R
then for some reason you reset setting and TP now is null for all pairs -- TP = 0 pips,
then immediatly you click on REPETION MODE, before making a new setting
the old hash orders now will see TP = 0 instead of your original in-mind-TP, say 50 pips!
expert in this case will close all profitable orders even if the profit is 0 pips!
Rectified
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  • #2,674
  • Edited 8:27pm Dec 15, 2020 7:54pm | Edited 8:27pm
Quoting pojiesemart
{quote} Hi Zoraxfx, i'm using the default ORANGE setting just to simulate case study the profits/floating in one day that we should expected during our daily trade. 3813416 so below is the case study results. Account balance: USD 20,000 ORANGE 1 (TO=20, TP=10): 19 hours trading Profits: USD 2397.04 Highest floating: USD 2500 At the end hour floating: USD 367.33 ORANGE 20(TO=20, TP=50): 24 hours trading Profits: USD 141.5 Highest floating: USD 240.0 At the end hour floating: USD 196.0 Case study show that if the account big enough to expect high...
Great finding there! But just to add on, Lot Size also plays a part in your draw down or highest floating. You might want to consider your FL and LI as well.

Mentioned in the threads you can find Macd mentioning quite a few settings which you can use as a base reference Example #Post 1717

I think there should be a way to find out your risk base on the following:

1) Based on your current Account size, what is the max number of pips based on your max margin
2) What is your 'frequency' (number of pips you are comfortable as your drawdown)
3) From there you can have a better estimate of what O/D/W, FL/LI, TO/LD to use

I am still trying to figure out based on Macd's Margin and Lot size equations (https://www.forexfactory.com/thread/...-my-experience) but, maybe you can refer to this #Post 1845 it might give us some clues.

So my question is, if I have a USD50,000 portfolio, I intend to close my trades at the end of every day what should my settings for FL and LI be if I would like to have a max drawdown of 10% a day (USD 5,000)

Trade 28 pairs
BL and SL
O=D=5
TP = 25
L1/L2/L3 = 1/1/1
Ladder =3
TO = 10
FL= ?
LI= ?

Lot Calculation
with these information, i know to calculate Lot based on FL=LI=0.1
L1/L2/L3 = 1/1/1
Ladder =3
TO = 10

0.1
0.1
0.1
0.1+0.1=0.2
0.1+0.1=0.2
0.1+0.1=0.2
0.2+0.1=0.3
0.2+0.1=0.3
0.2+0.1=0.3
0.3+0.1=0.4

Total Lots for BL only = 0.1x3 + 0.2x3 + 0.3x3 + 0.4x1 = 0.3 + 0.6 + 0.9 + 0.4 = 0.22 Lot
Total Lots for BL and SL = 0.22 x 2 = 0.44 Lots

Total 28 pairs = 0.44 x 28 = 12.32 Lots

Pips calculation
O=D=5
TP=25

Is there a way to calculate the optimum FI and LI based on the above information? Do share if anyone knows
  • #2,675
  • Dec 15, 2020 8:08pm Dec 15, 2020 8:08pm
all 9 lessons on Group Selection have been completed
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  • #2,676
  • Dec 15, 2020 10:57pm Dec 15, 2020 10:57pm
Quoting Macd-rsi
Lesson-09 Group Selection - Specific Lesson on Repeated pairs 1- i think we offer here what may be considered a revolutionary solution: look at pcicure: AUDUSD is repeated 3 times- so possibilty of different setting for both BUY and SELL {image} 2- the possibility of "repeated pair" as many times as you want. for example you can repeat EURUSD 5 times. this help you to distiguish Sell setting from Buy setting or QuickSetting for first 100 pips and different buy setting after 100 pips.
Greetings.

Yeah it is revolutionary and pretty helpful Indeed.
  • #2,677
  • Edited 11:30pm Dec 15, 2020 11:08pm | Edited 11:30pm
Hi , how to use these pages. because when I tried to import data from excel on page 2 , it blanked out precious settings and come to page 1 itself.
Attached Image
  • #2,678
  • Dec 16, 2020 1:49am Dec 16, 2020 1:49am
Quoting Macd-rsi
for SL/TP system: another conditional variable has been added: 1- to close big lots first in descending lots or 2- normal close according to mt4 serial tickets for O=D=1, This is the fifth time we see +100% or more, then 100% DD - all that in few hours. {image} imagine imagine O=D=5 imagine O=D=25 imagine O=D=67 imagine the pair was only GBPAUD without UT100 or US30 (LOOK AT PIPS +3800 pips) = currency succeeded this day, but non-currency with O=D=1 each day prove failure. ETC.. what is important here RiskSensor is working with accuracy 100%
I would rather rather to close biggest LOSS first, then big lots, if possible.
Regards.
  • #2,679
  • Edited 3:43am Dec 16, 2020 3:07am | Edited 3:43am
thanhalove's Profile | Forex Factory

Could thanhalove continue for another 28 days.
one random possibility out of thousands of possibilties
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  • #2,680
  • Edited 3:25am Dec 16, 2020 3:15am | Edited 3:25am
Quote
= 0.22 Lot Total Lots for BL
and SL = 0.22 x 2 = 0.44 Lots
Total 28 pairs = 0.44 x 28 = 12.32 Lots
Pips calculation O=D=5 TP=25 Is there a way to calculate the optimum FI and LI based on the above information? Do share if anyone knows
NOOOOO
Total lots = 0 --- 0.22 - 0.22 = 0 Lots
if all are open and there is no take profit , you end up with a complete hedge
so max risk lot for cacl. we use 0.22 = 6.16/28pars

and that good mental point to consider in design
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