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Millionaire Expert (save as EA)

  • #6,601
  • Mar 6, 2021 10:40am Mar 6, 2021 10:40am
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #6,602
  • Edited 8:33pm Mar 6, 2021 8:17pm | Edited 8:33pm
ToughLesson: 1+2=3
look at picture:
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f
to simplify calculations , assume the following:
Leverage is R = 100:1
your balance is exactly: 13,900 USD.
Therefore you can enter 100 lots on US_TECK, at price 13,900.00 sell
proof:
FullMarginLots = R*Balance/(CS*ZZZYYY*YYYDDD)=100*13900/(1*13900.00*1) = 100*1/1=100 Lots

Then: MCP will be after 139 pips--- at price 13900.00+139 = 14039 if SOL of your broker is 0% (Exness-case)
then you wait till the fibo 100% (complete correction)
profit is arround 1100 pips at 12800--line on the picture

1100*100 lots = 110,000 USD
plus original balance = 110,000+13,900 = 123,900 USD.

instead of closing position, you decide to take wise danger decisin: to hedge original quantity then to double it 1+2
so new buy positions is actualy from danger viepoints is double of old quantity in opposite direction
you have now 100 lot seel and 300 lot BUY
and be careful, any new losses must ot exceed 50% of old positions profit.

new hedged positions will be closed at fibo 50%, that at 13,342--let us say at 13,300
entry was at 12,800
profit OF buy is 500 pips = 500*300 = 150,000 USD
you close only buy positions
then wait till prices drop again to 12,800 then closed your old sell positions.
total profits is 110,000+150,000 = 260,000
plus original balance = 260,000+13,900 = 273,900 USD
which almost 2000|% or 20 doubles of your original balance

all that happens in few days
if the first postion is correctm anything else almost will be correct.

you have to do these steps only 2 times in your life to become a millionaire.

to summarize: correct entry with danger lots at correct price with swing target--is the best thing you can do.
dulls usualy TP of 1 to 25 pips!!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #6,603
  • Mar 6, 2021 8:35pm Mar 6, 2021 8:35pm
therefore: it is very easy to convert 10,000 to 200,000 in few days with only single-compound position.
just choose the correct chance.
Master math, to master trading
this is just one of 3267 market-strategies

hence, 100% 50% fibos aren't holy numbers
the concept in swing itself

you may assign 10% of your equity to this method.
or even 2% !!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #6,604
  • Mar 7, 2021 2:07am Mar 7, 2021 2:07am
Quoting Dzap
This tool is amazing. As a trader you must manage the inputs&strategy, but the execution it provides is flawless. With proper management one could be doubling accounts weekly. Here is my March 4 session with a max DD of 1.77% {image}
May we see a screenshot of your setup please?
  • #6,605
  • Mar 7, 2021 2:49am Mar 7, 2021 2:49am
Quoting Macd-rsi
therefore: it is very easy to convert 10,000 to 200,000 in few days with only single-compound position. just choose the correct chance. Master math, to master trading this is just one of 3267 market-strategies hence, 100% 50% fibos aren't holy numbers the concept in swing itself you may assign 10% of your equity to this method. or even 2% !!
That's doable and thanks for your generosity.

Automatic Detector

It's true you had released the final version, which is great and appreciated, but can you add little adjustment.
What am I driving out this time around, is just a situation where the amazing Expert Advisor is attached to a chart and the Ea sees the manually initiated ongoing trades and pick up the management of the trades, trading in the same direction only and adding more trades in that same direction.

The trades can be five or two or whatever and since I am not a fan of let it move against me before it goes in my favour, I will love to see a little filter included, little filter in form of How many pips the trades may have gone in our favour before the Ea can take over the trades and this filter should apply to individual pairs.

5 trades can be ongoing but I want the Ea to take control when any of the pair has gained 20 pips, while the ones that are yet to gain that define pips will remain until they are above the benchmark

Sorry if I had offended you and thanks again for having Heart of gold
  • #6,606
  • Edited 3:20am Mar 7, 2021 3:04am | Edited 3:20am
I let my trades run for some days before exiting and having Ea pickup the trades automatically will be sweet. See one of my result

Automatic Detector should be in form of a button that is if you agree to my request
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  • #6,607
  • Mar 7, 2021 3:08am Mar 7, 2021 3:08am
Quoting Ican2020
I let my trades run for some days before exiting and having Ea pickup the trades automatically will be sweet. See one of my result {image}
nice result. can you share your setting
  • #6,608
  • Mar 7, 2021 7:59am Mar 7, 2021 7:59am
Good afternoon

I was wondering whether it is a requirement to participate in the contest? Or is it optional?
The goal of the contest is to learn to manage large accounts with the EA?


Greetings from Belgium

Rebecca
  • #6,609
  • Mar 7, 2021 9:08am Mar 7, 2021 9:08am
Quoting Rebecca26
Good afternoon I was wondering whether it is a requirement to participate in the contest? Or is it optional? The goal of the contest is to learn to manage large accounts with the EA? Greetings from Belgium Rebecca
if your read all posts thread: that is completely wrong.
not necessary to use this expert in the contest.
goal of contest to dsicover the best and most wise traders who can satisfy linearity, diversification , avgTP >23 etc..
and each new month conditions are mor little tough from prev month.

you can use your hand or another expert or thi thread tool.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #6,610
  • Mar 7, 2021 9:54am Mar 7, 2021 9:54am
11) SEND button in A49 with less restrictions
for example no lot limiters

12) hiding first row in A50
13) DAHBOARD expand.collapse un A50

phuclockbs
Any new discoveries?
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #6,611
  • Mar 7, 2021 10:01am Mar 7, 2021 10:01am
Quote
to simplify calculations , assume the following:
Quote
Leverage is R = 100:1
your balance is exactly: 13,900 USD.
Therefore you can enter 100 lots on US_TECK, at price 13,900.00 sell
proof:
FullMarginLots = R*Balance/(CS*ZZZYYY*YYYDDD)=100*13900/(1*13900.00*1) = 100*1/1=100 Lots

Then: MCP will be after 139 pips--- at price 13900.00+139 = 14039 if SOL of your broker is 0% (Exness-case)
then you wait till the fibo 100% (complete correction)
profit is arround 1100 pips at...
now if your knowledge with market is better, you can add to trend postions at the proper time with proper lots that satsify your MCP
let us say MCP for USTECK is 200 tripettes/pips??
look at pictute:
white circle represent the time of new entries and thier prices--usualy on retest:
Attached Image (click to enlarge)
Click to Enlarge Name: _9793.png Size: 32 KB

j
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #6,612
  • Mar 7, 2021 10:12am Mar 7, 2021 10:12am
Quoting Macd-rsi
11) SEND button in A49 with less restrictions for example no lot limiters 12) hiding first row in A50 13) DAHBOARD expand.collapse un A50 phuclockbs Any new discoveries?
Untill now, there is no errors that i can find from the EA.
  • #6,613
  • Mar 7, 2021 10:15am Mar 7, 2021 10:15am
let us cal it step by step for each new entry:
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f
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #6,614
  • Mar 7, 2021 10:18am Mar 7, 2021 10:18am
if you close hedge at fibo 50, 2600*550 = 1,430,000 USD(PROFITS OF HEDGE POSITIONS ONY)---more than 1 million (more than 100 double of original balance)
then you add more positions to make MCP=200, that mean marginCall will be at 13750.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #6,615
  • Mar 7, 2021 10:20am Mar 7, 2021 10:20am
Dear MACD-RSI
I'd like to come back on your settings O=D=67 and TP=150.
For you, what is the return monthly with that ?
Could you remember for us why 67 is a good number ?
Regards.
  • #6,616
  • Mar 7, 2021 10:23am Mar 7, 2021 10:23am
AFTER closing 2600 lots-hedged , how many sell lot now at 13550 to make MCP = 200 pips??

let us caculate:
we have 13,900+1,430,000 -- balance
and flowting profit or loss for 881 positions at 13350 is:
100 lot at 13900
75 lots at 13700
200 lots at 13470
506 lots at 13200
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #6,617
  • Mar 7, 2021 10:31am Mar 7, 2021 10:31am
and price now is 13350--point where we close all 2600 buy lots :
100 lot at 13900 ===> P/L = 100*550 = 55,000 USD
75 lots at 13700 ===> 75*250 = 18,750 USD
200 lots at 13470 ===> 200*120 = 24,000 USD
506 lots at 13200 ===> -150*506 = -75,000 USD

then total of floating P/L is +22,750 only
all equity at that time is :
13900+1430000+22750 = 1,475,000 USD.
divided by MCP=200 = 7375 lots
we have already 881 lots, then we to add more 7375-881 = 6500 lots!

if prices drop again to 12800 we close all,

7375*550 = 4,000,000 USD
+original balance 1,430,000
total account equity becomes 5,430,000 USD

which is arround 400 doubles (not 20 doubles) of your original balance
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #6,618
  • Mar 7, 2021 10:32am Mar 7, 2021 10:32am
does it desreve to learn math? and technical classics??
400 doubles with single compound position in few days.

BBB
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #6,619
  • Mar 7, 2021 10:38am Mar 7, 2021 10:38am
FIRST ROW HIDE--NOISY ROW
YOU CAN SHOW IT OR HIDE IT THROUGH 1) defaults 2) Clicks
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A50
h
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #6,620
  • Mar 7, 2021 10:39am Mar 7, 2021 10:39am
IF IT IS SHOWN, THE CHART SYMBOL BUTTON HAS BEEN REMOVED!! WAS NOISY

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each day 10%,,,, https://www.forexfactory.com/thread/1371538
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