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Millionaire Expert (save as EA)

  • #14,681
  • May 12, 2023 5:34am May 12, 2023 5:34am
Quoting Macd-rsi
{image}
Thank you very much, Al-Otaibi.
now we have some inputs
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  • #14,682
  • May 12, 2023 6:31am May 12, 2023 6:31am
Quoting phuclockbs
{quote} Thank you very much, Al-Otaibi. now we have some inputs {image}
shit!
copy paste!!
will be removed
thank you
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #14,683
  • May 12, 2023 6:32am May 12, 2023 6:32am
anyway these two parameters are not used by the expert
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #14,684
  • May 12, 2023 9:09pm May 12, 2023 9:09pm
Quoting Macd-rsi
WE add PdS --- Corrector for some brokers POINT/TICKSIZE mismatch PdS=POINT/TICKSIZE always this alue will be 1.0000 except for JPN255 with ADSS, they make TikSize=0.0001, even POINT is 0.01 . . to make PV arround 1 . . {image}
Dear Al-Otaibi,
Regarding to the PdS, is it a value that is automatically calculated by EA and we have nothing to do with it (no need to input any value), as same as the CS (Contract Size)?
  • #14,685
  • May 13, 2023 12:10pm May 13, 2023 12:10pm
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0
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #14,686
  • May 13, 2023 12:15pm May 13, 2023 12:15pm
Quoting phuclockbs
{quote} Dear Al-Otaibi, Regarding to the PdS, is it a value that is automatically calculated by EA and we have nothing to do with it (no need to input any value), as same as the CS (Contract Size)?
taken from expert database ...
calculated
PdS = POINT/TICK_SIZE
almost always =1 since POINT=TICK_SIZE ... (there are rare cases like JPN225 with ADSS) or XPTUSD, or some bitcoins
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #14,687
  • May 13, 2023 12:16pm May 13, 2023 12:16pm
for EURUSD POINT=0.00001 , TS=0.00001 then PdS (Point divided by TickSize) = 1
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #14,688
  • May 13, 2023 3:38pm May 13, 2023 3:38pm
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D
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  • #14,689
  • May 13, 2023 3:40pm May 13, 2023 3:40pm
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9
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  • #14,690
  • May 13, 2023 4:28pm May 13, 2023 4:28pm
Quoting Macd-rsi
{quote} taken from expert database ... calculated PdS = POINT/TICK_SIZE almost always =1 since POINT=TICK_SIZE ... (there are rare cases like JPN225 with ADSS) or XPTUSD, or some bitcoins
Got it. all clear.
Thank you.
  • #14,691
  • May 13, 2023 7:51pm May 13, 2023 7:51pm
EXTREME CASES DETERMINATION
1) using priori indicators, like S/R
2) using posteriori indicators like RSI
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #14,692
  • May 14, 2023 4:22pm May 14, 2023 4:22pm
2) using posteriori indicators like RSI
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  • #14,693
  • May 15, 2023 8:51am May 15, 2023 8:51am
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9
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  • #14,694
  • May 21, 2023 1:35am May 21, 2023 1:35am
RECOVERY ZONE
the smartest you imagine . .
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g
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  • #14,695
  • May 21, 2023 1:47am May 21, 2023 1:47am
recovery zone concept
below 6 crosses, not 17 nor 12
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if cross upper level up , BuyStop (stop loss any previous SellStop)
if cross lower level down , SellStop (stop loss any previous BuyStop)

of course by common sense rule you must ignore:

if cross upper level down , meaningless

if cross lower level up, meaningless
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #14,696
  • May 21, 2023 1:52am May 21, 2023 1:52am
smart we add:
if ASK (not BID) , goes under lower level .... then sell stop (why not BID ? )

(why not BID ? ) ans: because we are not dulls!!
in this way you avoid spread widening effect in the smartest known way . . .

but the stop loss of this SellStop, is when BID (not ASK) goes above upper level?
why?
because we are not dulls!! in this way you avoid spread widening effect in the smartest known way . . .


and similarly for BuyStop orders

therefore your stop loss is always level diff + spread
above picture diff = 10 pips !!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #14,697
  • May 21, 2023 1:54am May 21, 2023 1:54am
let us assume you are very stupid and you want exactly 10 pips (without spread)
simply make level diff 8 pips (spread of EURUSD is 2 pips)

and please do not suggest anything else ... whatever is your suggestion, it will be very stupid!! since what we mentioned here is the best possible . .
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #14,698
  • May 21, 2023 4:06pm May 21, 2023 4:06pm
spread widening:
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  • #14,699
  • May 21, 2023 7:57pm May 21, 2023 7:57pm
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;
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  • #14,700
  • May 21, 2023 7:58pm May 21, 2023 7:58pm
SG - FIRST BUTTON -- UPPER LEFT -- to return to SMART-GRID ---- our main dashboard . . .
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g
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