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Millionaire Expert (save as EA)

  • #11,521
  • Feb 16, 2022 7:06am Feb 16, 2022 7:06am
Quoting Macd-rsi
Are you ready for these four major events?
i am ready for the CAD news.
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  • #11,522
  • Feb 16, 2022 10:59pm Feb 16, 2022 10:59pm
forexfactory.com/mjsmira#acct.13
O=D=11??
if yes, we had better set again each 2 days at max
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,523
  • Feb 17, 2022 12:43am Feb 17, 2022 12:43am
this time, very low response - only 10 pips!
implant it into your mind
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,524
  • Feb 17, 2022 12:57am Feb 17, 2022 12:57am
add it to your experience,
if you do not take a picture like one below, then the forex market is not your proper place. since you are wasting your time, and missing chances of chart daily free lessons.
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here if you use O=D=1 or 2??
you gained some profits within few minutes.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,525
  • Feb 17, 2022 1:02am Feb 17, 2022 1:02am
your accumulated experience with the above CAD event will tell you the best setting.
YOU HAVE TO GET TOO FAR INTO THESE EVENTS. AT LEAST 2 YEARS(24 EVENETS)

after 2 years, you may begin studying my experts.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,526
  • Feb 17, 2022 1:11am Feb 17, 2022 1:11am
also low volatility!
if i guarantee low volatilty, then 100% i will use O=D=1 !!! ??
20 PIPS RANGE
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,527
  • Feb 17, 2022 5:44am Feb 17, 2022 5:44am
to be added:
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assume you use justice, then O of GBPNZD becomes 37.3, while O of AUDCHF becomes 12.5 pips!
but you want mininum O to be 15, then expert will adjust AUDCHF O from 12.5 pips to 15 pips, if you set MINIMUM_OFFSET at 15 pips.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,528
  • Feb 17, 2022 5:59am Feb 17, 2022 5:59am
Quoting Macd-rsi
to be added:{image}assume you use justice, then O of GBPNZD becomes 37.3, while O of AUDCHF becomes 12.5 pips! but you want mininum O to be 15, then expert will adjust AUDCHF O from 12.5 pips to 15 pips, if you set MINIMUM_OFFSET at 15 pips.
Good feature.
By Same Logic we can add Maximum Offset too.
Also we can add it to Distance button.
  • #11,529
  • Feb 17, 2022 6:13am Feb 17, 2022 6:13am
Quoting zreboo
{quote} Good feature. By Same Logic we can add Maximum Offset too. Also we can add it to Distance button.
NO
it is already there, if yo uremeber O limits in defaults file.

MINIMUM only may be changed due to Justice effect.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,530
  • Feb 17, 2022 6:40am Feb 17, 2022 6:40am
Quoting Macd-rsi
{quote} NO it is already there, if yo uremeber O limits in defaults file. MINIMUM only may be changed due to Justice effect.
I don't remember it,
OR you mean the O Range. if not please Name that modifier in the default.

Regards
  • #11,531
  • Feb 17, 2022 6:45am Feb 17, 2022 6:45am
YES
O range is enough to curb higher values
but for min range, we need additional value especially when using Justice button!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,532
  • Feb 17, 2022 6:47am Feb 17, 2022 6:47am
sorry, what you say is right.
some higher O somtimes untolerated. i will add MAXIMIM_OFFSET
default will be the highest range value.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,533
  • Feb 17, 2022 6:47am Feb 17, 2022 6:47am
Moreover, it must be expanded to D
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,534
  • Feb 17, 2022 6:49am Feb 17, 2022 6:49am
in this way you can use justice but limitimg ranges, for instance, b/w 30 and 60 for example.
if higher than 60 set to 60
if lower than 30 set to 30
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,535
  • Feb 17, 2022 7:49am Feb 17, 2022 7:49am
Quoting Macd-rsi
forexfactory.com/mjsmira#acct.13 O=D=11?? if yes, we had better set again each 2 days at max
Dear @Macd-rsi once more thanks very much for your sharing and this wonderful EA. Yes I use O=D=10 with justice.
I started this account on March 2021 with 5k with a low leverage (to test Europe broker constraints) for the millionaire contest.
In 2021 I had other constraints and I had to leave this activity on standby until December.
On December I discovered that this demo account was still available and I decided to start again with a high leverage and manually from time to time I close all trades (when I get a good profit) to start over and avoid to have some trending pairs with several trades.
The pairs are selected in a way to avoid having a predominant currency that can affect the basket - sensitivity concerns - so I only have 4 pairs with USD and so on for every currency.
I agree that there are periods where O=D=10 is too conservative and other periods that it is too risky but I don't have much time to be on top of the market and therefore I have other accounts testing several different setups with the Millionaire EA. My target is to have a set & forget solution with 1% to 2% daily profit and reach around 25% to 50% monthly consistently (and it's working on my real accounts, on February they are doing so far 1% daily on average with ODs 15, 20 and 34 and with the help of CCFp signals and "xm7_Ccfp_Wkly_TradeMonitor" EA).

Maybe in the future you are able to add a dynamic OD and TP based on a volatility indicator and news calendar
He who knows when he can fight and when he cannot, will be victorious.
  • #11,536
  • Feb 17, 2022 11:13am Feb 17, 2022 11:13am
Quoting Macd-rsi
in this way you can use justice but limitimg ranges, for instance, b/w 30 and 60 for example. if higher than 60 set to 60 if lower than 30 set to 30
DONE for TP, O, D
O and D share the same limits.
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,537
  • Edited 12:10pm Feb 17, 2022 11:59am | Edited 12:10pm
Quoting mjsmira
{quote} Maybe in the future you are able to add a dynamic OD and TP based on a volatility indicator and news calendar
For example one way to have a dynamic TP is to index the TP to the W setup -> Example: Orange number 10 means O=D=10 and TP=28.3 so with a W number the TP should change to 2.83x the distance of the second to the third -> W=5 would mean the TP to be 28.3; 28.3; 42,45; ...

One way to have dynamic OD, instead of W, is to index the D to the current GAP between the reference price and the actual price - so if the price is near the reference price we will use the defined D if the price is far we will use a factor to increase D and with this we will somehow avoid the negative impact of trending pairs and will improve the result with ranging pairs.
He who knows when he can fight and when he cannot, will be victorious.
  • #11,538
  • Feb 17, 2022 12:40pm Feb 17, 2022 12:40pm
Quoting Macd-rsi
{quote} DONE for TP, O, D O and D share the same limits. {image} f
Nice Work Mohammed,
But Why O & D share the same limits, Isn't separating them will be more convenient and give more control.
If there's no code precluding that.

Regards,
  • #11,539
  • Feb 17, 2022 12:49pm Feb 17, 2022 12:49pm
Quoting mjsmira
{quote} For example one way to have a dynamic TP is to index the TP to the W setup -> Example: Orange number 10 means O=D=10 and TP=28.3 so with a W number the TP should change to 2.83x the distance of the second to the third -> W=5 would mean the TP to be 28.3; 28.3; 42,45; ... One way to have dynamic OD, instead of W, is to index the D to the current GAP between the reference price and the actual price - so if the price is near the reference price we will use the defined D if the price is far we will use a factor to increase D and with this we...
Hi mjsmira
There is a feature that do this job (Afraid & Bias Factors) But they work manually.
we may think about logic that make it works dynamically that would be very advanced.

Regards
  • #11,540
  • Feb 17, 2022 1:58pm Feb 17, 2022 1:58pm
Quoting mjsmira
{quote} For example one way to have a dynamic TP is to index the TP to the W setup -> Example: Orange number 10 means O=D=10 and TP=28.3 so with a W number the TP should change to 2.83x the distance of the second to the third -> W=5 would mean the TP to be 28.3; 28.3; 42,45; ... One way to have dynamic OD, instead of W, is to index the D to the current GAP between the reference price and the actual price - so if the price is near the reference price we will use the defined D if the price is far we will use a factor to increase D and with this we...
Another possible automatic feature that would complement the dynamic OD would be the discovery of a new ranging region of a pair and in that case an automatic reset of the reference price (the discovery that the news impact has passed or the trending has ended).

When I propose the "MIRA TP" I was trying to achieve that automatic referencing price by pair based on the TP of the pair. But now I realize that it is difficult to achieve a good timing for that in terms of having the pair on a ranging area for the grid trading with reference price to be optimized.
He who knows when he can fight and when he cannot, will be victorious.
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