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Millionaire Expert (save as EA)

  • #12,801
  • Sep 9, 2022 12:43pm Sep 9, 2022 12:43pm
Quoting zippedmails
{quote} Thanks bro, Should I turn it off?
Yes, you can turn it off. It's used for Automatic Update Reference, AUR.
Quoting Macd-rsi
{quote} I found better algorithm they can be ON at the same time. Now AUR is independent of chart frame. set it once through mouse click on AUR button, then you can change chart frame without affecting AUR frame. and in this way you an tackle any suspension through chart frame alternator. {image} f
1.02^200
  • #12,802
  • Sep 9, 2022 7:20pm Sep 9, 2022 7:20pm
Quoting d5400
I have a question about TS+TTP. I had expert running, then in the morning I came back and saw that there was a surge in equity and then it fell below balance. Because of NFP I expected it to rise above balance again. So I set TP to 0% of B, and then I activated TTP as $2000. But that didn't work. the TP> box started showing negative % values, and everything was closed before the 0% balance was reached. So that's my question: is it possible to activate TS when equity below balance? To expect equity to reach balance and then trail TP? {image} {image}...
Attached Image (click to enlarge)
Click to Enlarge Name: 111.jpg Size: 1.0 MB

INITIAL LEVEL = 61161.78
TP = 0
LOVERN TS-DIS = 2000
TS = 2000

then we will have: ORIGINAL TP level = INITIAL LEVEL + TP = 61161.78 + 0 = 61161.78

and this is how it works:
NEXT_TRAILING_TP_TRIGGER_LEVEL
TTP = 0: FIRST_trailing_TP_trigger_level = INITIAL LEVEL – LOVERN TS-DIS – TS = 61161.78 – 2000 – 2000 = 57161.78
if Equity Level reaches DOWN to 57161.78 then TP level 1 = ORIGINAL TP level – TS = 61161.78 – 2000 = 59161.78
(that means if Equity Level reaches DOWN to 57161.78 and then if it rises UP to 59161.78 then EA will close all trades)
Attached Image (click to enlarge)
Click to Enlarge Name: 222.jpg Size: 1.0 MB


TTP = 1: SECOND_trailing_TP_trigger_level = FIRST_trailing_TP_trigger_level – TS = 57161.78 – 2000 = 55161.78
if Equity Level reaches DOWN to 55161.78 then TP level 2 = TP level 1 – TS = 59161.78 – 2000 = 57161.78
...

TTP = n: (N+1) _trailing_TP_trigger_level = INITIAL LEVEL – LOVERN TS-DIS – (n+1)*TS
  • #12,803
  • Edited 8:12pm Sep 9, 2022 7:50pm | Edited 8:12pm
Quoting d5400
{quote}It's used for Automatic Update Reference, AUR. {quote}
NO...
Suspension and AUR, they have nothing to relate to each other.
  • #12,804
  • Sep 9, 2022 10:21pm Sep 9, 2022 10:21pm
Quoting phuclockbs
{quote} NO... Suspension and AUR, they have nothing to relate to each other.
You're right. I misread the post. And thank you for explaining the Lovern TS
1.02^200
  • #12,805
  • Sep 10, 2022 1:34am Sep 10, 2022 1:34am
Quoting phuclockbs
{quote} NO... Suspension and AUR, they have nothing to relate to each other.
According to MACD-RSI's explanation in Post 12,342 the 'SUSPENSION' button will enforce the expert to 'update' itself whenever there is a problem due to some 'busy context' in the background that may cause the expert timer to suspend (hang) for some seconds or minutes. In other words, the SUSPENSION button rescues the expert when it hangs by forcing it to update itself after a predefined time period has passed. Very clever!
https://www.forexfactory.com/thread/...0#post14019030

It's value in the default.csv file is set at 37 (seconds), but it can be set as low as 30. I would suggest to decrease the min. value from 30 to 5, if possible, to make the expert more nimble and responsive.
Attached Image (click to enlarge)
Click to Enlarge Name: suspension 37.png Size: 6 KB

As such the SUSPENSION button is not related to AUR as correctly noted by Phu
Common sense is not so common!
  • #12,806
  • Sep 11, 2022 9:06pm Sep 11, 2022 9:06pm
Quoting zippedmails
{quote} According to MACD-RSI's explanation in Post 12,342 the 'SUSPENSION' button will enforce the expert to 'update' itself whenever there is a problem due to some 'busy context' in the background that may cause the expert timer to suspend (hang) for some seconds or minutes. In other words, the SUSPENSION button rescues the expert when it hangs by forcing it to update itself after a predefined time period has passed. Very clever! https://www.forexfactory.com/thread/...0#post14019030 It's value in the default.csv file...
if your broker during hectic/rush hours is not "hanging" you had better de-activate . .

regarding me with SwissQuote from 15:00 to 18:00 i have to use it!!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #12,807
  • Sep 13, 2022 8:19am Sep 13, 2022 8:19am
Some questions in connection with RSI Trading:

1- Apart from the mX notation appearing in front of the OrderComment of each new order as per Post 11359 ("@RSI" in case of selecting RSI TRADING option, and "$RSI" in the case of selecting RSI-2 TRADING), what is the difference(s) between RSI TRADING and RSI-2 TRADING methods? What is the criteria to choose either of these two options and how would each choice impact the trade outcome assuming the original EA settings (OD, FL, LI, TP etc.) remain unchanged?
https://www.forexfactory.com/thread/...8#post13875938

2. According to Post 11362, (https://www.forexfactory.com/thread/...0#post13875990), RSI-2 TRADING is intended for bullish entry. In that case, can we infer that RSI TRADING method is for bearish entry? Obviously, when we have a short number of pairs for trading it would be relatively easy to check the trend in each case to see if we are in a bullish or bearish phase, but for 28 pairs it would not be so easy to make such selection due to the large number of pairs. So, what is your logic to suggest RSI-2 TRADING for 28 pairs on a daily basis? In that case, should we activate only the D1 time frame and keep other time frames grey (off)? Can we keep the H4, H1, M30, M15, M5 and M1 activated as well alongside the D1 TF, or you do not recommend this?

3- What is the function of PASS button on RSI TRADING dashboard (Post 11,352)?
https://www.forexfactory.com/thread/...2#post13875862

3- The #BS, #O, P/L, PLB and PLS buttons appear grey (inactive) on RSI TRADING Dashboard and their tool-tips just read SPARE. When will you make them active?

4- In the screenshot below, I am testing BTCUSD and Nd100 on demo using RSI-2 TRADING method. What is the meaning of figures in tables below each time frame? Most are grey (inactive or off?), while some are RED (active?). Why number 51 under D1 is not grey any more? What makes it 'light up' so to speak?
I only know from Post 11,364 that B (red) stands for 'bearish' and B (green) for 'bullish'.
https://www.forexfactory.com/thread/...6#post13876156

A 'LEGEND' to explain the significance and meaning of colors and different values in the tables on the rsi trading dashboard would be greatly appreciated.

Attached Image (click to enlarge)
Click to Enlarge Name: rsi-trading3.png Size: 210 KB


Cheers
Common sense is not so common!
  • #12,808
  • Sep 14, 2022 3:53am Sep 14, 2022 3:53am
Quoting Macd-rsi
{quote} if your broker during hectic/rush hours is not "hanging" you had better de-activate . . regarding me with SwissQuote from 15:00 to 18:00 i have to use it!!

Hi Brother, I trust you're doing fine today. Pls just an idea I have in mind, if it's possible to be integrated into EA, perhaps it might be a good addition.

What I'm thinking is if we can have an option for Reference prices to be set at previous HIGHS/LOWS for automatic price updates, with three choices possible (1)4hr (2)Daily (3) Weekly, so depending on trader choice one can set the EA to automatically Reference price based on the previous HIGH/LOW of either of these TIMEFRAMES
Wisdom is profitable in all things
  • #12,809
  • Sep 14, 2022 5:14am Sep 14, 2022 5:14am
Dear Otaibi and all

Where can I find the history downloader standalone ( Mr. Otaibi expert ) , not included in other products?

Regards,
  • #12,810
  • Sep 14, 2022 5:28am Sep 14, 2022 5:28am
Quoting omaramir
Dear Otaibi and all Where can I find the history downloader standalone ( Mr. Otaibi expert ) , not included in other products? Regards,
Here you are.
https://www.forexfactory.com/thread/...4#post13262974
  • #12,811
  • Sep 16, 2022 5:27am Sep 16, 2022 5:27am
The good gentlemen of the world how are you guys.
I've been off the grid for a while.
Are we still live and kicking?

Where can I start from?
  • #12,812
  • Sep 16, 2022 6:25am Sep 16, 2022 6:25am
Quoting wahdatw
The good gentlemen of the world how are you guys. I've been off the grid for a while. Are we still live and kicking? Where can I start from?
welcome back, wahdatw.
You can start from your last post.
  • #12,813
  • Sep 16, 2022 7:17am Sep 16, 2022 7:17am
Quoting wahdatw
The good gentlemen of the world how are you guys. I've been off the grid for a while. Are we still live and kicking? Where can I start from?
Hello whadatw,
Welcome back!
The thread is still alive, but it is not active as the old days. Even Mohammad is less seen! Maybe he has more urgent matters on hand, but let us wish he is fine and in the best of health.
Anyways, it's nice to see you here again.
You asked where to start. How about your own specialty...making new videos about the EA?

Cheers
Common sense is not so common!
  • #12,814
  • Sep 29, 2022 7:47am Sep 29, 2022 7:47am
EURUSD 0.9500 ??
may we are going to see GBPUSD 1.0000 ??
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #12,815
  • Oct 5, 2022 1:36pm Oct 5, 2022 1:36pm
Dear Al-Otaibi,

The new TE (1218818096) that you have started shows amazing initial results.
Would you mind sharing your settings and pairs used in this demo?
Could such results be repeated on a smaller balance of say 1000 USD, or settings would need to be adjusted accordingly?

Cheers
Common sense is not so common!
  • #12,816
  • Oct 6, 2022 12:25pm Oct 6, 2022 12:25pm
Hi all
SMART SL is calculated from the current equity (see the screen) or from the initial level?
Attached Image (click to enlarge)
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  • #12,817
  • Oct 6, 2022 6:46pm Oct 6, 2022 6:46pm
Quoting DJTrend
Hi all SMART SL is calculated from the current equity (see the screen) or from the initial level? {image}
from the INITIAL LEVEL
Attached Image (click to enlarge)
Click to Enlarge Name: 123.jpg Size: 348 KB
  • #12,818
  • Oct 7, 2022 6:09am Oct 7, 2022 6:09am
Quoting phuclockbs
{quote} from the INITIAL LEVEL {image}
What if I want to move the SL by equity? How can I do better? I wrote above that with safe settings for half a year, the adviser worked perfectly and earned 400%, but then lost everything with a strong recoilless movement. That's why I want to move SL. And for it to work (for example) with a drawdown of 40% equity.
Do I need to run TSL for this?
  • #12,819
  • Oct 7, 2022 9:00am Oct 7, 2022 9:00am
Quoting DJTrend
{quote} What if I want to move the SL by equity? How can I do better? I wrote above that with safe settings for half a year, the adviser worked perfectly and earned 400%, but then lost everything with a strong recoilless movement. That's why I want to move SL. And for it to work (for example) with a drawdown of 40% equity. Do I need to run TSL for this?
Yes, TSL should be used for this.
For example, if this is what i set:
Attached Image (click to enlarge)
Click to Enlarge Name: 111.jpg Size: 454 KB

INITIAL LEVEL = 10000
LOVERN TS-DIS = 1000
SL = 30% = 3000
TS = 1000

then we will have: ORIGINAL SL level = INITIAL LEVEL - SL = 10000 - 3000 = 7000

and this is how it works:
NEXT_TRAILING_SL_TRIGGER_LEVEL
TSL = 0: FIRST_trailing_SL_trigger_level = INITIAL LEVEL + LOVERN TS-DIS + TS = 10000 + 1000 + 1000 = 12000
if Equity Level reaches UP to 12000 then SL level 1 = ORIGINAL SL level + TS = 7000 + 1000 = 8000
(that means if Equity Level reaches UP to 12000 and then if it is DOWN to 8000 then EA will close all trades)
Attached Image (click to enlarge)
Click to Enlarge Name: 222.jpg Size: 453 KB
TSL = 1: SECOND_trailing_SL_trigger_level = FIRST_trailing_SL_trigger_level + TS = 12000 + 1000 = 13000
if Equity Level reaches UP to 13000 then SL level 2 = SL level 1 + TS = 8000 + 1000 = 9000

TSL = 2: THIRD_trailing_SL_trigger_level = SECOND_trailing_SL_trigger_level + TS = 13000 + 1000 = 14000
if Equity Level reaches UP to 14000 then SL level 3 = SL level 2 + TS = 9000 + 1000 = 10000

TSL = 3: FORTH_trailing_SL_trigger_level = THIRD_trailing_SL_trigger_level + TS = 14000 + 1000 = 15000
if Equity Level reaches UP to 15000 then SL level 4 = SL level 3 + TS = 10000 + 1000 = 11000
........
  • #12,820
  • Oct 7, 2022 12:09pm Oct 7, 2022 12:09pm
Thank you very much Your knowledge of the Expert Advisor is impressive...
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