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Millionaire Expert (save as EA)

  • #5,241
  • Feb 3, 2021 12:32pm Feb 3, 2021 12:32pm
Quoting Macd-rsi
{quote} you can automate it manualy if we open this door, how many indicators we have to add. in future i may add open source code for any member ideam but like plugs I add input/output, and you add the core code.
Hello Macd-rsi,

I totaly agree , but if you get bored sometime in the future you could have a look at https://www.stevehopwoodforex.com/ph...orum.php?f=106
TDesk Drones are similar what we are talking about here.

Mucky
  • #5,242
  • Feb 3, 2021 1:04pm Feb 3, 2021 1:04pm
Quoting Mucky
{quote} ... you don't need MT5 - there are some broker offering MT4 cent account - I use also MT4 & cent account :-) Mucky
Very interesting, could you please forward me the links or name me the broker which offers MT4 cent account?

Thx.

Regrads Firmin
  • #5,243
  • Feb 3, 2021 1:18pm Feb 3, 2021 1:18pm
Quoting Firmin2509
{quote} Very interesting, could you please forward me the links or name me the broker which offers MT4 cent account? Thx. Regrads Firmin
I did a google search "cent account" - one of the results

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This is also the one I use

Mucky
  • #5,244
  • Feb 3, 2021 2:47pm Feb 3, 2021 2:47pm
Quoting Mucky
{quote} I did a google search "cent account" - one of the results {image} This is also the one I use Mucky
Thx. I cheked it. I compare it with my current MT5 cent account at Roboforex.
The main problem of FXTM is the leverage of about 1:30 or 1:20. I need min 1:500 for this EA.

In Roboforex I useed 1:2000 leverage for my cent accounts.
  • #5,245
  • Feb 3, 2021 3:06pm Feb 3, 2021 3:06pm
Quoting Firmin2509
{quote} Thx. I cheked it. I compare it with my current MT5 cent account at Roboforex. The main problem of FXTM is the leverage of about 1:30 or 1:20. I need min 1:500 for this EA. In Roboforex I useed 1:2000 leverage for my cent accounts.
.. according to my experience leverage of 1:500 is very dangerous if you trading against the trend using BL/SL - you have to know what are you doing.
So I would advise setting margin limits in the EA - because you have almost no safety margins left to protect your account - not only single trades
As well you have to check stop out margin percentage - some broker starting to close trades @100% margin :-)

I showed good result even using 1:30 leverage 500USD starting balance :-)

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Mucky
  • #5,246
  • Feb 3, 2021 3:35pm Feb 3, 2021 3:35pm
Quoting Macd-rsi
{quote} what is your expectation for Nasdac--Dow30-Dax30m till the end if this week? any one has concrete analysis?

not for this week, but i still see this as the target,just a thought
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  • #5,247
  • Feb 3, 2021 3:35pm Feb 3, 2021 3:35pm
Quoting Mucky
{quote} .. according to my experience leverage of 1:500 is very dangerous if you trading against the trend using BL/SL - you have to know what are you doing. So I would advise setting margin limits in the EA - because you have almost no safety margins left to protect your account - not only single trades As well you have to check stop out margin percentage - some broker starting to close trades @100% margin :-) I showed good result even using 1:30 leverage 500USD starting balance :-) {image} {image} Mucky
I want to give it a try on a similar small live acc what is your settings and trading hours pairs etc. ?
  • #5,248
  • Feb 3, 2021 3:44pm Feb 3, 2021 3:44pm
Quoting 8tango
{quote} It's a demo account. {quote} Yes of course, these settings are high risk settings, what would be a setting less risky for you?
I think medium risk is appropriate O D = 34 JUCTICE ,,, O D =50 JUSTICE
With a TP ranging between 80 --- 125 points
  • #5,249
  • Edited 4:17pm Feb 3, 2021 4:02pm | Edited 4:17pm
Quoting Haldi
{quote} I want to give it a try on a similar small live acc what is your settings and trading hours pairs etc. ?
screeshots from XM account they offer 1:30 by 20% stop out level - does not work with GP because their stop out level ist at 100% margin.
trading 28 pairs using orange 67 settings "as is"

additional live account for testing since two days, starting balance 594 USD @1:30 - stop out level = unknown :-(
I use 21 pairs - no CHF
orange 67 settings - adjusted O=D=144 TP=233

another live acccount since last week 1K starting balance @1:100 - stop out level = unknown :-(
trading 21 pairs - no CHF - using orange 67 settings "as is"

all accounts TP margin % = 40% - we will see how it works :-)

At the beginning of the next month I may adjust FL/LI and/or TP equity close % - based on 0.01 lot per 1000 USD account equity
500 USD accounts are an exception :-)

The most important part is "sit on your hands" - every trader know what this means.

Mucky
  • #5,250
  • Feb 3, 2021 4:16pm Feb 3, 2021 4:16pm
Simple Math

Regarding post 656 https://www.forexfactory.com/thread/...7#post13269157

With a starting balance 2K, 1:100 usually - "28 pairs, with O=D=67 pips, TP=250, FL=LI=0.01, Ladder=3 (or 5) may give 30 - 70%"
Based on 30% - if you accumulate the profits and adjust the lotsize accordingly it takes about 24 months time to become a millionaire - you can do the math.

The only opponents are ourselves - our fear - our greed - to be human in short :-)

Lets see who will master the challenge

Mucky
  • #5,251
  • Feb 3, 2021 4:52pm Feb 3, 2021 4:52pm
Hello Mr. Al-Otaibi,

Well done on making sure the Pair is not being disabled after Error. I am still testing that.
However, today I noticed that with the errors, the trade direction gets disabled. That means literally the pair will not trade (mess up the strategy).
Can you please put it on your list so we fix it at some point. I suggest EA must not disable the pair or the trade direction. It just can retry later.
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  • #5,252
  • Feb 3, 2021 5:17pm Feb 3, 2021 5:17pm
Quoting Macd-rsi
{quote} my repeated tests on these 28 pairs, with O=D=67 pips, TP=250, FL=LI=0.01, Ladder=3, for period of 2 to 3 weeks, on account
of 2K, may give 30 to 70% do you realize that "TP=250"-- = patience until you abosrb market angry and market happiness!
my brother Mohammed


How much has reached the highest decline ((MAX. DD)) in your repeated tests on these 28 pairs ??
  • #5,253
  • Feb 3, 2021 6:26pm Feb 3, 2021 6:26pm
Quoting m.bagheri
{quote} Hi bro. I read all your posts and get somethings good. In one of them you said that took Orange number 5(instead 1 or 15) but in last post, in your pic, I see it set in some diffrnt digit less than 1.5, do you mind 5 is not good setting?
Hi M.Bagheri,

This is only for testing ask from Macd-RSI to see is there any error.. as for me, i'm still comfortable to use setting Justice 5 TP15 to run next week with my real account..
below is the several study with same setting, same style but with different method, day of trade and amount of account..
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the crucial point on this is to build up the equity so that it's can cover the floating and let the floating absorb the market rage..
if this situations happen during live trading it's still "okay" since it's not touching my 1st USD1,000/USD10,000..
But who knows what will happen future as we just only plan and the market is not ours... hopefully it work..
  • #5,254
  • Edited Feb 4, 2021 6:33pm Feb 3, 2021 6:49pm | Edited Feb 4, 2021 6:33pm
Quoting Firmin2509
{quote} Due to this is a martingal/ grid EA you need for each 0.01 lot in a MT4 account min USD 1000 for each pair. That is my recommendation. If this EA would work in a MT5 client, we could use a cent account, that means USD 1000 is 100.000 cent USD. In a 100.000 USD cent account you could trade many pair at same time.
you can have a cent account on exness; Macd-rsi is trading on this broker, so am i.
Millionaire Expert Test Demo Accounts,Go to my Trade Explorers
  • #5,255
  • Feb 3, 2021 7:28pm Feb 3, 2021 7:28pm
Quoting pojiesemart
{quote} Hi M.Bagheri, This is only for testing ask from Macd-RSI to see is there any error.. as for me, i'm still comfortable to use setting Justice 5 TP15 to run next week with my real account.. below is the several study with same setting, same style but with different method, day of trade and amount of account..{image}{image} the crucial point on this is to build up the equity so that it's can cover the floating and let the floating absorb the market rage.. if this situations happen during live trading it's still "okay" since it's not touching...
pojiesemart ... niceee work!! I crosso you the finger my friend!! continue so!

if it is ok.. we would appreciate.. when you share your screen of your dashboard! thx in advance dude
  • #5,256
  • Feb 3, 2021 8:23pm Feb 3, 2021 8:23pm
anyone use -/+ FM button
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anyone if your account balance is 3USD or less, you have to use RED one -FM
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #5,257
  • Feb 3, 2021 8:38pm Feb 3, 2021 8:38pm
Quoting Mucky
{quote} ... maybe you don't remove this feature, because it is very useful, but you could add an additional parameter into "Default_0.csv" to turn feature On/Off :-) just my thought :-) Mucky
5217
I ADD 3 paramaeters, for this specific issue.
1---ON/OFF(StopLoss_Increment)
2---SL step in points(USER_StopLoss_Increment_point)
3---# of trials (StopLoss_Increment_repeat)
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g
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #5,258
  • Feb 3, 2021 8:40pm Feb 3, 2021 8:40pm
each time you recieve error 130 (broker refuse your SL) more 10 points will be add to SL,

if new SL not accepted, more 10 points will be add
this will be repeated 10 times.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #5,259
  • Feb 3, 2021 8:44pm Feb 3, 2021 8:44pm
Quoting pojiesemart
{quote} Hi M.Bagheri, This is only for testing ask from Macd-RSI to see is there any error.. as for me, i'm still comfortable to use setting Justice 5 TP15 to run next week with my real account.. below is the several study with same setting, same style but with different method, day of trade and amount of account..{image}{image} the crucial point on this is to build up the equity so that it's can cover the floating and let the floating absorb the market rage.. if this situations happen during live trading it's still "okay" since it's not touching...
i add error 130 to the errors table, but will be modified to more expressive messageS
instead of invalid STOP LOSS
We will read eithr invalid TP or invalid SL
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F
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #5,260
  • Feb 3, 2021 8:46pm Feb 3, 2021 8:46pm
Quoting wahdatw
hello mr. Al-otaibi, well done on making sure the pair is not being disabled after error. I am still testing that. However, today i noticed that with the errors, the trade direction gets disabled. That means literally the pair will not trade (mess up the strategy). Can you please put it on your list so we fix it at some point. I suggest ea must not disable the pair or the trade direction. It just can retry later. {image}
this part is very hard

i will try it again
each day 10%,,,, https://www.forexfactory.com/thread/1371538
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