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Promised EA system

Quoting TyLamai
{quote} Alright then - fair enough - Can you do yourself a favour? Look around, this thread is JUST 39 pages (only). Can you just read it - ALL(almost) your questions have ALREADY been answered. Am even surprised that xlitang responded to you without asking for your MyFxBook account link. This is a good question though: {quote} Regards, Ty
just google it, basically nano is a cent account type/using cent lot size...

mine is micro account obviously
Slow and Steady!
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,843 Posts | Online Now
Quoting faizpakoh
{quote} just google it, basically nano is a cent account type/using cent lot size... mine is micro account obviously
You need $250 for a nano account and 0.01 lot size ... Just do the math if your account is a micro.
MT4/MT5 EAs/Indicators/Alerts coder
Quoting faizpakoh
{quote} just google it, basically nano is a cent account type/using cent lot size... mine is micro account obviously
Thanks for the education. This is EXACTLY why you need to read through the thread. Your ic markets micro account is badly Underfunded - EXCEPT if you have up to $25,000 therein?

Just do what xlitang said:

Quote
For $200USD, you need to open a nano account like profiforex micro account with 1:500 leverage. You can trade EU, GU, AU, UJ with starting lot 0.01. No need to change lot factor.

Regards,

Ty
My job: I speculate and manage risk.
Quoting FerruFx
{quote} You need $250 for a nano account and 0.01 lot size ... Just do the math if your account is a micro.
i don't have that amount of money
Slow and Steady!
Anyway i need some answer about lot factor, if i set it to 1 which means always 0.01 or set to 1.5/1.3?

thx
Slow and Steady!
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,843 Posts | Online Now
Quoting faizpakoh
Anyway i need some answer about lot factor, if i set it to 1 which means always 0.01 or set to 1.5/1.3? thx
Anyway you can't trade your account with $200 ... even with the smallest lot size allowed by your current broker.
MT4/MT5 EAs/Indicators/Alerts coder
Quoting FerruFx
{quote} Anyway you can't trade your account with $200 ... even with the smallest lot size allowed by your current broker.
im not gonna trade with my current account, already registered cent account at exness, just need to know about this lot factor before i run it live
Slow and Steady!
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,843 Posts | Online Now
Quoting faizpakoh
{quote} im not gonna trade with my current account, already registered cent account at exness, just need to know about this lot factor before i run it live
If I understand you right, you just discovered this EA and you are going to run it Live right away ...
MT4/MT5 EAs/Indicators/Alerts coder
Quoting FerruFx
{quote} If I understand you right, you just discovered this EA and you are going to run it Live right away ...
usually i always backtest, but i cant on this ea, so why not? i have seen the performance of this ea on demo and even xlitang use it on live account too...
Slow and Steady!
Quoting faizpakoh
{quote} usually i always backtest, but i cant on this ea, so why not? i have seen the performance of this ea on demo and even xlitang use it on live account too...
Trading foreign exchange on margin carries high potential rewards but also high potential risks that may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience and risk appetite. Past performance is not indicative of future results, which can vary due to market volatility. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Any opinions, news, research, analyses, prices or other information contained on this website or linked to from this website are provided as general market commentary and do not constitute investment advice. PromisedEA does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Anyone opening a live trading account needs to adhere to the laws of their local country as such laws may differ from country to country. Check with local authorities to determine your country's regulations.

Just thought I should add these...what do you think FerruFx huh?

Regards,

Ty
My job: I speculate and manage risk.
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,843 Posts | Online Now
Quoting TyLamai
{quote} Just thought I should add these...what do you think FerruFx huh? Regards, Ty
I doubt that this will stop greedy newbies to do whatever they want regardless the risk ... After all, they play with their own money ... not ours. They have been warned ...
MT4/MT5 EAs/Indicators/Alerts coder
Quoting FerruFx
{quote} I doubt that this will stop greedy newbies to do whatever they want regardless the risk ... After all, they play with their own money ... not ours. They have been warned ...
the way you guys comment here, "i'm most experience trade here and others are just greedy newbies, they know nothing about risk/forex, they just playing with their own money..."

1st person to be in my ignore list
Slow and Steady!
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,843 Posts | Online Now
Quoting faizpakoh
1st person to be in my ignore list
Great
MT4/MT5 EAs/Indicators/Alerts coder
Attention xlitang:

Trades STILL not being triggered at the same frequency as before. EAs are lethargic...I think?

Ty
My job: I speculate and manage risk.
Hi guys !

Back from holydays and relaunching EAs.

Seen that some accounts blew off why I was out. Not surprised though. Happy to see that we are working on protection features. One that has not been mentioned is money management. My view is to withdraw money as soon as posible until initial investment is recovered and then play with free money. I intend to go live with nano account in the coming months and I will proceed like that:

  1. 250€ nano account trading EU,GU,AU,EA, and NU.
  2. Withdraw any profit at the end of each month until total cash withdraw amounts to 250€.
  3. Play with free money until I double the account.
  4. At that time, split the account in 2, one trading EU,AU and NU and one trading EA and GU.
  5. For each new 250€ earned, settle a new account until I get a total of 5 accounts trading only one pair.
  6. At each stage, I may withdraw money to settle a reserve that would be used to refund any blow account if need be. Still to decide on that though.

We all agree that the EA is not a holy grail. Protection features and money management may be the solution. Time will tell.

Happy to be back and wish you a happy new year to all !!

Quoting Fbird
Hi guys ! Back from holydays and relaunching EAs. Seen that some accounts blew off why I was out. Not surprised though. Happy to see that we are working on protection features. One that has not been mentioned is money management. My view is to withdraw money as soon as posible until initial investment is recovered and then play with free money. I intend to go live with nano account in the coming months and I will proceed like that: 250€ nano account trading EU,GU,AU,EA, and NU. Withdraw any profit at the end of each month until total cash withdraw...
Welcome back bird.
Neat plan.
Would be great to see how it pans out.

Regards,

Ty
My job: I speculate and manage risk.
Quoting faizpakoh
{quote} the way you guys comment here, "i'm most experience trade here and others are just greedy newbies, they know nothing about risk/forex, they just playing with their own money..." 1st person to be in my ignore list
Ignore lot factor. EA does not use it and use a different lot sequence. If you demo it you would know.
Follow me to the Promised Land
Quoting Fbird
Hi guys ! Back from holydays and relaunching EAs. Seen that some accounts blew off why I was out. Not surprised though. Happy to see that we are working on protection features. One that has not been mentioned is money management. My view is to withdraw money as soon as posible until initial investment is recovered and then play with free money. I intend to go live with nano account in the coming months and I will proceed like that: 250€ nano account trading EU,GU,AU,EA, and NU. Withdraw any profit at the end of each month until total cash withdraw...
It is a great plan. Happy New Year.
Follow me to the Promised Land
Quoting TyLamai
Attention xlitang: Trades STILL not being triggered at the same frequency as before. EAs are lethargic...I think? Ty
It works fine here. If EA suspended you need to reload it.
Follow me to the Promised Land
I wish you all a very happy and successful new year in 2014! (it is already 2014 at my place).
Lead me, follow me or get out of my way!
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