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Millionaire Expert (save as EA)

  • #10,121
  • Jun 17, 2021 6:25pm Jun 17, 2021 6:25pm
Quoting omaramir
Dear Brothers, I am out of this contest, I got the Deprived stuatus , and I think next month also I will not be able to participate based on Deprived Status. But , I will continue building up my strategy , this market needs a lot of patience. Let's see what will happen next ... Regards,
Hi Omar,
I am also got Deprive Status
Yesterday the market was fierce and Its moves were high and fast before and after the Fed meeting.

What I've learned is that we have to accept some losses because the market may move against our expectations and analysis, especially in News times, so I think we should add a feature that protects us from those moves.

Good luck to the rest of the members to win the competition and to install their steps in the trading's world.

Regards,
Ahmed
  • #10,122
  • Jun 18, 2021 12:50am Jun 18, 2021 12:50am
new high
again to 12- thoery,
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g
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #10,123
  • Jun 18, 2021 11:32am Jun 18, 2021 11:32am
What a WEEK END this is ???
Anyone could survive ?? May be traders with BS & SS....

Everything open new paths of learning and experience.

Good Luck Brothers.
Consistency & Patience
  • #10,124
  • Jun 18, 2021 11:37am Jun 18, 2021 11:37am
Quoting coolsjc
What a WEEK END this is ??? Anyone could survive ?? May be traders with BS & SS.... Everything open new paths of learning and experience. Good Luck Brothers.
True bro.. this tsunami.. crushed all the strategies.. anyone have any idea what next? Luckily I am still in 4k range..
  • #10,125
  • Jun 18, 2021 1:21pm Jun 18, 2021 1:21pm
Quoting coolsjc
What a WEEK END this is ??? Anyone could survive ?? May be traders with BS & SS.... Everything open new paths of learning and experience. Good Luck Brothers.
Yah tough week with major DD almost lost the account. Tried a BSSS strategy today in the hope of recovering something. OD10J TP 50. Managed +4.5% in 7 hours. Could be just luck but worth looking into.
  • #10,126
  • Jun 19, 2021 6:16am Jun 19, 2021 6:16am
some important points
this month i used this setting together :

  1. o=d=25 , lot 0.01 , LL = 1 , TO = 3 and i think TP = 100. 28 pair . SL & BL . daily price reference
  2. o = 60 , lot 0.05 , TO = 1 , TP = 30. 28 pair . SL & BL . daily price reference
  3. o = d = 25 , lots 0.02 , to = 1. tp = 15 , SEC pairs , SS & BS , weekly price reference.


i didn't analyzed market before contest.
and i didnt set SL for any orders.

with this setting, i am in danger. and now i'm in -2700 p/l.

i just want to say, the advantage of this EA is to preventing from losing your account in worst conditions.

The altar of the wise is often in the light of greed. (imam Ali)
  • #10,127
  • Jun 19, 2021 7:39am Jun 19, 2021 7:39am
Quoting dibson
some important points this month i used this setting together : o=d=25 , lot 0.01 , LL = 1 , TO = 3 and i think TP = 100. 28 pair . SL & BL . daily price reference o = 60 , lot 0.05 , TO = 1 , TP = 30. 28 pair . SL & BL . daily price reference o = d = 25 , lots 0.02 , to = 1. tp = 15 , SEC pairs , SS & BS , weekly price reference. i didn't analyzed market before contest. and i didnt set SL for any orders. with this setting, i am in danger. and now i'm in -2700 p/l. i just want to say, the advantage of this EA is to preventing from losing your account...
we all are in danger... it was a big movement my friend...
  • #10,128
  • Jun 19, 2021 11:14pm Jun 19, 2021 11:14pm
Quoting Macd-rsi
new high again to 12- thoery, {image} g
Hi Mohammed,

I was thinking of a feature that could help us avoid account sinking if one or more pairs go beyond their expectations, and I think adding a stop loss feature to Mira feature in Smart TP&SL system would help us avoid the risk.
So that the expert stops the pair or the direction from trading and closes all it's orders if it's loss on the account exceeds a certain percentage and so we have protected the account and also the expert continues to profit from other pairs.

Regards,
Ahmed
  • #10,129
  • Jun 20, 2021 1:28am Jun 20, 2021 1:28am
Quoting zreboo
{quote} Hi Mohammed, I was thinking of a feature that could help us avoid account sinking if one or more pairs go beyond their expectations, and I think adding a stop loss feature to Mira feature in Smart TP&SL system would help us avoid the risk. So that the expert stops the pair or the direction from trading and closes all it's orders if it's loss on the account exceeds a certain percentage and so we have protected the account and also the expert continues to profit from other pairs. Regards, Ahmed

I suggested the feature earlier.. a few weeks ago.. if we can add a feature like MCP so when desired points passed.. it reverts the direction of the pair.. if it was sale then now it puts orders of buying.. like that.
  • #10,130
  • Jun 20, 2021 2:24am Jun 20, 2021 2:24am
Quoting zreboo
{quote} Hi Mohammed, I was thinking of a feature that could help us avoid account sinking if one or more pairs go beyond their expe..
Brother, no need to that. MCP is the best tool for risk management. in the April contest, i hold MCP above 1000. And i got 1400$ profit. But, i tested. When u dont care to MCP and it's comming down, you may be loss your account.
The altar of the wise is often in the light of greed. (imam Ali)
  • #10,131
  • Jun 20, 2021 6:22pm Jun 20, 2021 6:22pm
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #10,132
  • Jun 21, 2021 5:34am Jun 21, 2021 5:34am
Hello, I tried the settings. TP but it doesn't work Like I did something wrong? please guide me
I want the experts to close all orders when the preset value is reached.
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  • #10,133
  • Jun 21, 2021 6:10am Jun 21, 2021 6:10am
Quoting eng2me
Hello, I tried the settings. TP but it doesn't work Like I did something wrong? please guide me I want the experts to close all orders when the preset value is reached. {image}
Hi, you have not activated Smart TP. You have missed 1 more step
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  • #10,134
  • Jun 21, 2021 6:29am Jun 21, 2021 6:29am
Quoting NSC-Mal
{quote} Hi, you have not activated Smart TP. You have missed 1 more step {image}
Thank you very much, but the experts were silent. Have I forgotten any other steps?
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  • #10,135
  • Jun 21, 2021 8:47am Jun 21, 2021 8:47am
Quoting eng2me
{quote} Thank you very much, but the experts were silent. Have I forgotten any other steps? {image}
Hi, pls read post #8151 to understand how "LOVERN TS-DIS" and "TTP" function work. You have activated "LOVERN" function which is a delay or displacement by certain values before "TTP" is triggered

Regards
  • #10,136
  • Edited 9:50am Jun 21, 2021 9:19am | Edited 9:50am
Quoting eng2me
{quote} Thank you very much, but the experts were silent. Have I forgotten any other steps? {image}
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Quoting NSC-Mal
{quote} Hi, pls read post #8151 to understand how "LOVERN TS-DIS" and "TTP" function work. You have activated "LOVERN" function which is a delay or displacement by certain values before "TTP" is triggered Regards
but the TS is not activated yet, NSC-Mal.
Attached Image
  • #10,137
  • Jun 21, 2021 9:52am Jun 21, 2021 9:52am
Quoting phuclockbs
{quote} {image} {quote} but the TS is not activated yet, NSC-Mal. {image}
Thank you mate phuclockbs for pointing out my mistake...
  • #10,138
  • Jun 21, 2021 9:57am Jun 21, 2021 9:57am
Quoting phuclockbs
{quote} {image} {quote} but the TS is not activated yet, NSC-Mal. {image}
thank you very much
  • #10,139
  • Jun 22, 2021 5:30am Jun 22, 2021 5:30am
Oh Man,,,

Brothers, I like to believe that its just the Psychological mind-set of the contest that blow up my account so fast. Then again, after re-analyzing why I blow up my account, I think I was too impatient to increase my P/L with large lot size trading without really looking into protecting my account. I only use basic setting, I did not use any safety functions/ risk management that the EA provides but was just aiming to double fold my P/L in shortest time as possible. My plan obesely did not work but I think I hold the cup for the 1st one to blow up account balance.

With only $100 in the account balance, I was also trying to trade to see if its possible to build P/L by juts only trading 2 pairs with small account balance but even this failed as too many SL being hit. I just need to find the setting to balance my trade in a linear fashion and not trading all 28 pairs. That may just work fine...

Has anyone tried using all 4, BL,BS, SL & SS to manage the trade...could you please share your outcome on your trades...

Thanks Brothers..
  • #10,140
  • Jun 23, 2021 12:48am Jun 23, 2021 12:48am
pass 8 days out of 12:
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please all , especially new mates, confirm July-Contest registration before the end of JUNE month.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
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