each day 10%,,,, https://www.forexfactory.com/thread/1371538
Millionaire Expert (save as EA)
- #2,941
- Dec 22, 2020 5:15am Dec 22, 2020 5:15am
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
- #2,942
- Edited 5:49am Dec 22, 2020 5:21am | Edited 5:49am
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
Revised Lessons on "Smart TP/SL System"
Lesson-08: CLOSE-MODES (Optional)
1- only need SKs for both ON-OFF,
2- not related to any previous step. since they are fire buttons but with save operations. no wories.
3- button with sign "+" to close orders with larger profitss descendingly +ve.
4- button with sign "-" to close orders with greater losses descendingly -ve.
5- button "51" to close orders partially upon user set partial lot.
6- button with sign ">" to close orders with greater lots, but quantomly, descendingly.
7- button "x" to close orders normally. mt4 serial orders.
8- No one of them will be ON at the same time, only one.
9- "x" is the defult.
===========
FINISH--Any question? ?
Lesson-08: CLOSE-MODES (Optional)
1- only need SKs for both ON-OFF,
2- not related to any previous step. since they are fire buttons but with save operations. no wories.
3- button with sign "+" to close orders with larger profitss descendingly +ve.
4- button with sign "-" to close orders with greater losses descendingly -ve.
5- button "51" to close orders partially upon user set partial lot.
6- button with sign ">" to close orders with greater lots, but quantomly, descendingly.
7- button "x" to close orders normally. mt4 serial orders.
8- No one of them will be ON at the same time, only one.
9- "x" is the defult.
===========
FINISH--Any question? ?
each day 10%,,,, https://www.forexfactory.com/thread/1371538
- #2,943
- Dec 22, 2020 6:21am Dec 22, 2020 6:21am
post #2926 to download latest under test version, here: Millionaire Expert (save as EA) | Page 74 | Forex Factory
thank you for your hard work, it's wonderful!!!
I read almost the whole thread about EA and started testing.test with O=D=50 was completely profitable. yesterday I used justice O=D=50 and it was even more profitable! and of course it is more logical.
my setting is:
MY 28 pairs
Justice O=D=50
Justice TP= 85
FL=LI= 0.01
L1=L2=L3= 1
LD= 5
Reference Price on Daily candle open
start approximately at end of London session, after prices have moved enough.
and close positions approximately end of New York session.
Again Thank you,
Mohamad
- #2,944
- Dec 22, 2020 6:54am Dec 22, 2020 6:54am
Looks great. Even I managed to set it up.
My next question question would be how do I set Stop Loss for each individual trade. Like we have the TP column Do we have SL column (that I don't see). SL for each trade maybe handy for some grid strategies.
My next question question would be how do I set Stop Loss for each individual trade. Like we have the TP column Do we have SL column (that I don't see). SL for each trade maybe handy for some grid strategies.
- #2,945
- Dec 22, 2020 7:49am Dec 22, 2020 7:49am
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
{quote} Salam brother Mohammed thank you for your hard work, it's wonderful!!!
i can infer from your post, you understand this expert and how/when to use it very well.
I hope to post about "expert main thoughts"' here, as much as you can. posts about mind-trading.
for O=D=50Just --- if you leave everything for 1 to 3 weeks with TP = 250, yor performance may be highly better. yesterday alone GBPUSD moves by 250 pips-not 80 pips.
SEND box is a good choice
and now we add BIAS/AFRAID setting
each day 10%,,,, https://www.forexfactory.com/thread/1371538
- #2,946
- Edited 8:19am Dec 22, 2020 7:55am | Edited 8:19am
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
Looks great. Even I managed to set it up.
we name it Smart SL/TP system to avoid traditional stupid-very-stupid (SVS
) system2 years ago there was SL column, but i remove it.
since it is a mesh trading (alot of pairs) build on graded level entries, then "Are you want to get more entry ot to close on loss positions? "---conflivt
but in this way we enhance our minds to avoid sinking in specific trades.
we add some scripts for those who want to close specific pairs in specific or both directions.
One of our main goals here is "to devastate old forex traditions"
each day 10%,,,, https://www.forexfactory.com/thread/1371538
- #2,948
- Dec 22, 2020 8:07am Dec 22, 2020 8:07am
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
幾次的設定測試 似乎不見得o = d 數字小 獲利才會快 今天測試 8個小時利潤250 cur 61對 正義o = d = 100 正義tp = 100 fl = li = 0.01 l1 = l3 = 1 ld = 5
it reflects YOU - not expert as a tool.
reflect youR understanding of the market
each month there are 40 scheduled news events, we try to trade at least half of them.
look at FF calender
or may build our decision on MACD!
etc...
there are 3267 ideas
could you please help in translating expert catalog to chinese (PDF)--a lot ask for this assistance.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
{quote} whatever the results are! It reflects you - not expert as a tool. Reflect your understanding of the market each month there are 40 scheduled news events, we try to trade at least half of them. Look at ff calender or may build our decision on macd! Etc... There are 3267 ideas
昨天的市場波動 未來有可能更大
對系統的了解真的很少 還只能使用很單純的設定
我也會想使用macd來設定 但這是還不懂的地方
For those who are asking me for the best settings, I would like to share the following:
I used to use smaller TP but it hasnt seem to work based on my past investigations. It seems like any of the default Orange settings work pretty well, but like all EAs i think it always end up blowing up the account, which is why the TP/SL is there to stop or prevent it from happening.
Based on what I am seeing from some of the guys in the thread, using a smaller lot size and wider TP seem to work better. The only problem I guess is the patience to wait for the market to first turn against you and not doing anything, then slowly waiting for it to recover to make good profits.
I think at the start for me I just could not help it when I see such huge draw downs, and when I start playing around with the settings, it just made things worse. I guess give it a few days, and test each settings on a few accounts. If you dont not want to turn on your computer 24/5, you can consder testing it using the Offline Trading function "Send".
Key points:
1) Patience and wait it out, let the trade run for a few days, if account gets blown, so be it!
2) Wider TPs seem to work better
3) Small Lot size might not give you returns very quickly, but it doesnt blow up your account too, giving you more chance to profit during retracement
4) Target smaller TP (1-3%), and use SL if you might be away from the computer to monitor
Of cos those sharing above are based on Default Orange settings, if we keep to a few positions and diversify, andadd on technicals, it should be alot better. At least that is what I am hoping, and am still testing out and learning from everyone. I may be wrong as well, so feel free to share your experiences
I think Macd has not really come to the Trading lessons yet. I guess first learn how to use the EA and be proficient with it first.
I am just as new as everyone to this EA but I see alot of potential with it. Thank you so much for your hardwork Macd!
I used to use smaller TP but it hasnt seem to work based on my past investigations. It seems like any of the default Orange settings work pretty well, but like all EAs i think it always end up blowing up the account, which is why the TP/SL is there to stop or prevent it from happening.
Based on what I am seeing from some of the guys in the thread, using a smaller lot size and wider TP seem to work better. The only problem I guess is the patience to wait for the market to first turn against you and not doing anything, then slowly waiting for it to recover to make good profits.
I think at the start for me I just could not help it when I see such huge draw downs, and when I start playing around with the settings, it just made things worse. I guess give it a few days, and test each settings on a few accounts. If you dont not want to turn on your computer 24/5, you can consder testing it using the Offline Trading function "Send".
Key points:
1) Patience and wait it out, let the trade run for a few days, if account gets blown, so be it!
2) Wider TPs seem to work better
3) Small Lot size might not give you returns very quickly, but it doesnt blow up your account too, giving you more chance to profit during retracement
4) Target smaller TP (1-3%), and use SL if you might be away from the computer to monitor
Of cos those sharing above are based on Default Orange settings, if we keep to a few positions and diversify, andadd on technicals, it should be alot better. At least that is what I am hoping, and am still testing out and learning from everyone. I may be wrong as well, so feel free to share your experiences
I think Macd has not really come to the Trading lessons yet. I guess first learn how to use the EA and be proficient with it first.
I am just as new as everyone to this EA but I see alot of potential with it. Thank you so much for your hardwork Macd!
- #2,952
- Edited 9:37am Dec 22, 2020 8:32am | Edited 9:37am
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
New Lesson on preventing tradiing based on MarginLevel?
Lesson 01: Some of user Trading Math-Restraints On Trading-1: Margin Level (ML)
maziarb: I want to stop trading when margin level is below 300%, it is now 1123.81 % look at the pciture;
mohamadmd: do the following steps:
1- All 3 SKs---->Green (you may use MaterKey)
2- click on BP button. and look at its content untill you see "ML"
3- ML is abbrev of MarginLevel.
4- to set your limit at 300, simply make SKs Green, then check that dummy is 300, then click on the box 13.
5- box 13 is dictated for ML.
maziarb: I can conclude that when 13 button BGColor is BLUE -, mean: we choose ML restraint.
mohamadmd: YES, and there are 4 possible color for each button of "11", "12" or "13". and all three buttoms follow the same rule in ON state or OFF state.
look at picture: 4 possible colors--first two just future indication of what will happen if you choose ML mode
but the most important blue and red
maziarb: you mean when "13" is red, no more positions will be opened even if all other conditions are satisfied
mohamadmd: Exactly, red-13 means current ML is below your threshold 300% and that what you want.
hint: ML = EQUITY/MARGIN*100% ---- opposite/reciprocal to ME that will be discussed later.
maziarb: YES, I prove it for my self, picture:
and it will be shown on ML Field button
g
FINISH
Please anyone understand this post 100% click on like sign. if you do not click on dislike
Lesson 01: Some of user Trading Math-Restraints On Trading-1: Margin Level (ML)
maziarb: I want to stop trading when margin level is below 300%, it is now 1123.81 % look at the pciture;
mohamadmd: do the following steps:
1- All 3 SKs---->Green (you may use MaterKey)
2- click on BP button. and look at its content untill you see "ML"
3- ML is abbrev of MarginLevel.
4- to set your limit at 300, simply make SKs Green, then check that dummy is 300, then click on the box 13.
5- box 13 is dictated for ML.
maziarb: I can conclude that when 13 button BGColor is BLUE -, mean: we choose ML restraint.
mohamadmd: YES, and there are 4 possible color for each button of "11", "12" or "13". and all three buttoms follow the same rule in ON state or OFF state.
look at picture: 4 possible colors--first two just future indication of what will happen if you choose ML mode
but the most important blue and red
maziarb: you mean when "13" is red, no more positions will be opened even if all other conditions are satisfied
mohamadmd: Exactly, red-13 means current ML is below your threshold 300% and that what you want.
hint: ML = EQUITY/MARGIN*100% ---- opposite/reciprocal to ME that will be discussed later.
maziarb: YES, I prove it for my self, picture:
and it will be shown on ML Field button
FINISH
Please anyone understand this post 100% click on like sign. if you do not click on dislike
each day 10%,,,, https://www.forexfactory.com/thread/1371538
could you please help in translating expert catalog to chinese (PDF)--a lot ask for this assistance.
this is direct translate to Chinese (simplified) from microsoft word translation features.. not sure this help you or not...
- #2,954
- Dec 22, 2020 9:31am Dec 22, 2020 9:31am
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
each day 10%,,,, https://www.forexfactory.com/thread/1371538
For those who are asking me for the best settings, I would like to share the following: I used to use smaller TP but it hasnt seem to work based on my past investigations. It seems like any of the default Orange settings work pretty well, but like all EAs i think it always end up blowing up the account, which is why the TP/SL is there to stop or prevent it from happening. Based on what I am seeing from some of the guys in the thread, using a smaller lot size and wider TP seem to work better. The only problem I guess is the patience to wait for the...
Just like what Brother Mohammed had wrote (#139): This expert help you to absorb market anger, or unexpected movements as much as possible--TRADE THE ANGER! Convert this anger to Profits. To me the Key Points by Sacredragon works.
- #2,957
- Edited 2:33pm Dec 22, 2020 10:01am | Edited 2:33pm
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
New Lesson on preventing trading based on MathRestraints?
Lesson 02: Some of user Trading Math-Restraints On Trading-2: Margin/Equity %
Mostafakamel: i hate mt4 way, ML which is E/M----I feel the opposite M/E is more realistic. when i tell some one i risk 10%, he immediatly understand that, my margin is 10% of my current equity.
zreboo: also this option is aviable under button "12"
Be careful, by simple logic, the max possible value that our mind can imagine is 100% = FULL MARGIN
In realtime, this value can not be greater than 100% except when your free margin gets negative.
follow the same steps in post 2952:
--1- select button ME---click on untill you see ME
--2- ME is abbrev of Margin/Equity (Margin divided by Equity * 100%)
--3- when your equity is 1,000 and you set userME at 1%, trading will stop when your margin is 10 USD (1% OF 1,000 USD)--BUTTON 12 WILL BE red.
4- you had better to set value not greater than 5%, to sustain in this dangerous market and can breathe during hard murky times.
Lesson 03: Some of user Trading Math-Restraints On Trading-3: Margin/Balance %
zreboo: and if you want to guage on balance---not equity--use buton 11 "MB" which is Margin/Balance*100%
-------- activation of any state out of 4 cancel other three, you can not make them all ON at the same time
-------- if you want to continue trading without any math-restrictions just select BP--ByPass math-Restraints
-------- look at the picture, no restraints, but we know in advance, if we ,in future, select ME or ML, trading will be stopped--they are Orange---Orange: is future indication.
p
wahdatw
already explained in the pciture
all three user values for ML, MB, ME, in tool tips eiher current or user
you have six values
3 user
3 runtime calculated
l
Lesson 02: Some of user Trading Math-Restraints On Trading-2: Margin/Equity %
Mostafakamel: i hate mt4 way, ML which is E/M----I feel the opposite M/E is more realistic. when i tell some one i risk 10%, he immediatly understand that, my margin is 10% of my current equity.
zreboo: also this option is aviable under button "12"
Be careful, by simple logic, the max possible value that our mind can imagine is 100% = FULL MARGIN
In realtime, this value can not be greater than 100% except when your free margin gets negative.
follow the same steps in post 2952:
--1- select button ME---click on untill you see ME
--2- ME is abbrev of Margin/Equity (Margin divided by Equity * 100%)
--3- when your equity is 1,000 and you set userME at 1%, trading will stop when your margin is 10 USD (1% OF 1,000 USD)--BUTTON 12 WILL BE red.
4- you had better to set value not greater than 5%, to sustain in this dangerous market and can breathe during hard murky times.
Lesson 03: Some of user Trading Math-Restraints On Trading-3: Margin/Balance %
zreboo: and if you want to guage on balance---not equity--use buton 11 "MB" which is Margin/Balance*100%
-------- activation of any state out of 4 cancel other three, you can not make them all ON at the same time
-------- if you want to continue trading without any math-restrictions just select BP--ByPass math-Restraints
-------- look at the picture, no restraints, but we know in advance, if we ,in future, select ME or ML, trading will be stopped--they are Orange---Orange: is future indication.
p
wahdatw
Mr. Al-Otaibi, Thanks for the explanations on ML. I got it. However, say I set my ML to 300 using dummy number. How can i be sure that it is set. Coz there is no visual confirmation of the 300% ML. The button 13 doesn't change to 300, does it?
all three user values for ML, MB, ME, in tool tips eiher current or user
you have six values
3 user
3 runtime calculated
l
each day 10%,,,, https://www.forexfactory.com/thread/1371538
- #2,959
- Dec 22, 2020 10:20am Dec 22, 2020 10:20am
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
each day 10%,,,, https://www.forexfactory.com/thread/1371538
