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Millionaire Expert (save as EA)

  • #11,681
  • Feb 28, 2022 12:46pm Feb 28, 2022 12:46pm
another simpler approach: loss of buy equals to profit of sell
(BPe-BID)*LB=(SPe-ASK)*LS
ASK=SPREAD+BID
then:
(BPe-BID)*LB=(SPe-ASK)*LS
(BPe-BID)*LB=(SPe-SPREAD-BID)*LS
BID*LS-BID*LB=SPe*LS-SPREAD*LS-BPe*LB


BID(LS-LB)=(SPe*LS-BPe*LB)-SPREAD*LS

BID=(SPe*LS-BPe*LB)/(LS-LB)-SPREAD*LS/(LS-LB) --------> OUR ORIGINAL RULE
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,682
  • Feb 28, 2022 12:56pm Feb 28, 2022 12:56pm
SPREAD=12 points = 0.00012

BID=(0.72493*0.20 - 0.7250*0.15)/(0.20-0.15)-0.00012*0.20/(0.20-0.15)
= ???
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,683
  • Feb 28, 2022 1:10pm Feb 28, 2022 1:10pm
BID: 0.72424
ASK: 0.72436
makes P/L = 0
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,684
  • Edited 8:20pm Feb 28, 2022 5:39pm | Edited 8:20pm
you are a great teacher, Al-Otaibi.
everything is clear with your explanation.
this means a lot to me.
Thank you for your guidance.
  • #11,685
  • Feb 28, 2022 11:22pm Feb 28, 2022 11:22pm
Let us check:
BID: 0.72424
ASK: 0.72436
makes P/L = 0

For Buy positions:
=(0.72424-0.72500)*0.15*100000 = -11.4
=(0.72493-0.72436)*0.20*100000 =+11.4

and do not forget, treat LS, LB as vector quantities
LS -ve y-axis
LB +ve y-axis
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,686
  • Feb 28, 2022 11:27pm Feb 28, 2022 11:27pm
if we follow short rule: (NO CORRECTION FOR SPREAD EFFECT)
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BID=(0.72493*0.20 - 0.7250*0.15)/(0.20-0.15)=0.72472

then ASK: 0.72484

Then:
For BUY positions:
=(0.72472-0.72500)*0.15*100000 = -4.1
For SELL positions:
=(0.72493-0.72484)*0.20*100000 =+1.8

Net P/L not zero
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,687
  • Feb 28, 2022 11:29pm Feb 28, 2022 11:29pm
Quoting phuclockbs
you are a great teacher, Al-Otaibi. everything is clear with your explanation. this means a lot to me. Thank you for your guidance.
Now, only two persons on planet know accuracy of this rule. ME and YOU
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,688
  • Mar 1, 2022 1:12am Mar 1, 2022 1:12am
Quoting Macd-rsi
{image}9
My suggestion based on experience
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Practice makes a person perfect
  • #11,689
  • Mar 1, 2022 1:29am Mar 1, 2022 1:29am
Quoting simnz
{quote} My suggestion based on experience {image}
if you mean by quantity lot size, you have an infinity of possible configurations.

assume you want to design expert as you suggest.
simply double pair name.
first pair 3 orders, with O,D,
second pair with higher O that complete previous one and unfined lots
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,690
  • Mar 1, 2022 2:02am Mar 1, 2022 2:02am
useful sentence:
The folks at Currenex have done an excellent job by providing the facility for their users to connect to more than 60 global banks through the FIX protocol.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,691
  • Mar 1, 2022 2:53am Mar 1, 2022 2:53am
Quoting Macd-rsi
useful sentence: The folks at Currenex have done an excellent job by providing the facility for their users to connect to more than 60 global banks through the FIX protocol.
Do you mean that we are going to receive the contest prizes soon?
  • #11,692
  • Mar 1, 2022 4:19am Mar 1, 2022 4:19am
Quoting Macd-rsi
{quote} if you mean by quantity lot size, you have an infinity of possible configurations. assume you want to design expert as you suggest. simply double pair name. first pair 3 orders, with O,D, second pair with higher O that complete previous one and unfined lots
The objective is like this:

1. For High Momentum trading: Start with a high lot quantity for the first two POs and use the remaining with constant log quantity.
2. I trade indices, so I don't use pairs. I will use two symbols of the same index asset which is possible in indices trading. In forex, it has to be a pair.

I have the EA that is being used for simulation exercise. I want to convert this into a grid trader.
Practice makes a person perfect
  • #11,693
  • Mar 2, 2022 1:18am Mar 2, 2022 1:18am
(BPe-BID)*LB=(SPe-ASK)*LS
end to: (we find BID)
BID=(SPe*LS-BPe*LB)/(LS-LB)-SPREAD*LS/(LS-LB) -- for net buy or net sell

if you want to find ASK:

since:
BID=ASK-SPREAD

(BPe-BID)*LB=(SPe-ASK)*LS
(BPe-ASK+SPREAD)*LB=(SPe-ASK)*LS
(BPe*LB-ASK*LB+SPREAD*LB)=(SPe*LS-ASK*LS)


ASK(LS-LB)=SPe*LS-BPe*LB-SPREAD*LB
ASK=(SPe*LS-BPe*LB)/(LS-LB)-SPREAD*LB/(LS-LB)
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,694
  • Mar 2, 2022 11:33pm Mar 2, 2022 11:33pm
SPREAD = ASK-BID

(SPe*LS-BPe*LB)/(LS-LB)-SPREAD*LB/(LS-LB) - [(SPe*LS-BPe*LB)/(LS-LB)-SPREAD*LS/(LS-LB)] = SPREAD

(SPe*LS-BPe*LB)-SPREAD*LB - [(SPe*LS-BPe*LB)-SPREAD*LS] = SPREAD(LS-LB)

-SPREAD*LB - [-SPREAD*LS] = SPREAD(LS-LB)

-SPREAD*LB + SPREAD*LS = SPREAD(LS-LB)

fine
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,695
  • Mar 2, 2022 11:36pm Mar 2, 2022 11:36pm
BID=(SPe*LS-BPe*LB)/(LS-LB)-SPREAD*LS/(LS-LB)
ASK=(SPe*LS-BPe*LB)/(LS-LB)-SPREAD*LB/(LS-LB)
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,696
  • Mar 2, 2022 11:39pm Mar 2, 2022 11:39pm
and to make the rule simple to remember:

breakeven BID=(Se*LS-Be*LB)/(LS-LB)-SPREAD*LS/(LS-LB)
breakeven ASK=(Se*LS-Be*LB)/(LS-LB)-SPREAD*LB/(LS-LB)
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11,697
  • Mar 3, 2022 12:59am Mar 3, 2022 12:59am
Hello friends
I ran the experiment in several accounts with different settings, but now after a few days I see how many of the accounts the robot has been deactivated !!!
Has it happened to anyone?
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  • #11,698
  • Mar 3, 2022 1:33am Mar 3, 2022 1:33am
Quoting phuclockbs
{quote} Do you mean that we are going to receive the contest prizes soon?
yehey! and when will the contests starts again? Sir Macd-rsi
  • #11,699
  • Mar 3, 2022 2:17am Mar 3, 2022 2:17am
Quoting coolsjc
{quote} Sorry for late reply. I use 200SMA on 1H TF. Promising results so far.
https://www.forexfactory.com/thread/...371#replyHello, dear coolsjI've been using your settings for a week. But I don't know how to activate sma200. I don't know how to code.Thank you for guiding.
  • #11,700
  • Mar 3, 2022 2:26am Mar 3, 2022 2:26am
Quoting zreboo
{quote} Look my friend this happened to me too, Here are some tips I've learned from my past experiences and from friends here. First: don't trade all 28 pairs. Just chose 5, 7 or 10 varied pairs. Second: adjust Spacing Settings 34 :67 (Justice On). Third: set First lot 0.01 and an increase of 0.01. Fourth: set Ladder on 2 . Fifth: set MCP on 250 : 400 . Sixth: set TP 80 : 150 (Justice On). Seventh: choose the method of taking the profit: 1)use closing all orders after the Equity increased by a certain percentage and then start over.(Smart TP/SL)...
Hello, dear friend.
Thank you for sharing settings
Did I make the right adjustments?
Many thanks.
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