{quote} Thank you for sharing Mt4canfx! Your settings looks really impressiveCould you elaborate or point me to the multiple settings suggested by Mcad-rsi? Are you using the 3 indicators inbuilt into the expert? And which timeframe are you trading on? Do you refresh your reference prices or all your prices remain the same throughout the 24hrs for those 2 days? Sorry for throwing so many questions at you.
Millionaire Expert (save as EA)
- #2,722
- Edited 2:03pm Dec 16, 2020 1:40pm | Edited 2:03pm
{quote} I see thank you for your sharing Mucky! Is there a specific timeframe eg the daily open bar or London open time etc where you set your reference price? Can I also pick your mind on what you mentioned about: LD= 3 not 5 because I want to use more available margin - slowly - so I do not change LI How or why do you use available margin in your explanation above, and what is your consideration on its impact on LI?
sorry, I have missed one of your questions
based on Macd-rsi formular Post 210 ( Lotsx = (FL+LI*int(#O/Ladder)*L2)*L1*L3^(int(#O/Ladder)) )
final lotsize is 0,13 for trade #22
final lotsize is 0,15 for trade #22
but final lotsize is 0,17 for trade #22 if increased LI=0,04
So LD=3 means higher increase (medium increase) in lotsize compared with LI=0,03 but lower lotsize compared with LI=0,04
This means also consuming "medium higher" margin - as far as price goes against "us".
I want that trades using as much as possible available margin - within risk level, to use the fund as effectively as possible.
hope this makes sense for you :-)
Mucky
PS.: Why 3,5,8,13 ..? - whenever possible, I use fibonacci numbers
- #2,724
- Dec 16, 2020 2:52pm Dec 16, 2020 2:52pm
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
each day 10%,,,, https://www.forexfactory.com/thread/1371538
- #2,725
- Dec 16, 2020 2:56pm Dec 16, 2020 2:56pm
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
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- #2,726
- Dec 16, 2020 3:19pm Dec 16, 2020 3:19pm
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
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- #2,728
- Dec 16, 2020 3:51pm Dec 16, 2020 3:51pm
{quote} Hi MT4canfx, I am interested to find out what kind of set ups are you looking for when you use for your BL and SL orders? Are you bullish and anticipating an uptrend or downtrend to place your BL/SL, or you only look for retracement set ups? May I also ask what trading hours have you been running your tests on? If I am bullish about a position, should place a BL or BS? Or should be a case where I place a BL for bullish trend, and BS for extremely bullish trend? Would be great if anyone can share their tests as well
- #2,730
- Dec 16, 2020 5:56pm Dec 16, 2020 5:56pm
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
each day 10%,,,, https://www.forexfactory.com/thread/1371538
all 9 lessons on Group Selection have been completed
I am glad you are re-explaining the expert advisor and of the wonderful teamwork of the members.
I am trying the latest version of the expert advisor and I have encountered a problem, I do not know if this is what was programmed or is it an error.
When I use the repeat feature, the expert advisor changes the take profit value.
A picture is Attached for illustration on the dollar yen pair.
{quote} 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
Below is the results of the trade using default ORANGE setting..
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 10 (TO=20, TP=35): 24 hours trading
Profits: USD 571
Highest floating: USD 550
At the end hour floating: USD 360
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
Above test running is just to show what should we expect floating during trading.. it's give a roughly idea how much amount of account to use the default setting in the system..
in my personal conclusion, ORANGE 20 suits for <USD1000 (24% of equity drawdown during trade), ORANGE 10 suits for >USD2000 (25% of equity drawdown during trade) & ORANGE 1 suits for >USD10,000 (25% of equity drawdown during trade)..
Of course we can adjust the FL/LI but during trading i will increase/reduce the % of equity (depends on market) whether you comfortable with it or not...
From what i observed, this is the continuously "running system" or 24 hours trading.. just imagine if i running (should i call session trading - 8 hours daylight/ 8 hours night) the trade entries don't have enough a time to recover the loss and at the end of session we close all entries (floating - profits = total profits/loss).. from above case you get the rough idea of how should we trade and the rest of the system it's depending on you to suits your trading style..
Thanks to Macd-RSI (Mohammed) for great and generous to provide the system...
- #2,736
- Edited Dec 17, 2020 12:01am Dec 16, 2020 11:47pm | Edited Dec 17, 2020 12:01am
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
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- #2,738
- Dec 17, 2020 12:20am Dec 17, 2020 12:20am
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
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- #2,740
- Dec 17, 2020 12:52am Dec 17, 2020 12:52am
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
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