What IF you have a Holygrail Automated System?

[quote=victor_ray;7588138] I have never seen any myfxbook account hit 1 million$....profit + balance ... (obvioiusly for good reason because it's too good it take down before the begging continue)./quote]

If You had an account of that size it would be silly to leave it all in one brokerage account.

If one is offline it doesn't stop you trading with your other accounts.

Spreading things around a bit lowers your risk and lets you sleep more easily too.

That make sense for retail.. but if you deal with institution broker.. your 1 million$ is safe in the hand of big banks..

Victor,

Thanks for your concerns on trading with commodity pair gold, it can be merciless at times like the beast "GBPJPY" in form.

I am planning to be with this retail broker as a temporary solution till say I get back my capital as profits, already my LMAX application(institutional broker) is under process will move ahead with them. It will be more safer as you said, but they are asking several documentation at the start which is fine considering their authenticity and my curiosity is kicking in that in near term to be trading with the elite club soon

I have confirmed they don't have XAU EUR(Gold Vs EUR0) pair out there, so will most likely stick to one gold (XAU USD)and one other currency pair.

Sorry if I am sounding overconfident, I had been through all of it when I initially presented this idea of automated trading using MQL4/Fix Protocol in SFO Moneyshow way back in 2010 & hoping for the best this time!

Cheers,
Scoobi

Scoobidoobi,

I lost in manual trading and looking for promising EA. your concept looks good and can you give me trail live/demo. What is the minimum amount for this?

Thanks
Exptrader.

Thats sad to hear Exptrader.Min recommended 1k wid ecn broker , make sure you have both xau/usd and xau/eur symbols . I can give trial for a month not an issue.

Thanks for setting up the EA. This is my myfxbook link. Hopefully It will recover my losses.

http://www.myfxbook.com/members/fxro...ptrader/968266

Thanks exptrader !, you will make profits cheer up but remember anything over 20% that my ea makes donate to charity lol

Does this mean that you are looking to sell your EA?
If so, you should be posting in the Commercial forum.

If you are breaking forum rules (see attached screenshot), the moderators could ban you from posting altogether.

To me it's just seem that "Scoobidoobi" choose a "bad choice of word which is "trial" ".


Scoobidoobi, is just going to let exptrader shadow his ea trade ...for "time limit". Since his goal in forex is not to "feed people or make many poor people millionaire" So eventualy exptrader going to hit the wall and learn to jump over the wall by himself...

Does anybody know why when I download a mq4 file from the forum, it downloads as a mq4.txt file?????

sorry for using the word trial, my apologies. I will let exptrader decide when he wants to stop the bot rather than me making the call to time limit 1 month or whatever.

Folks,

Started with Pepperstone Edge ECN A/c on just on one pair XAU USD(Gold) (they don't charge commission for the pair) from 07/25 with a pretty small a/c to

test the waters on how long it can go & sustain profitability :

http://www.myfxbook.com/members/supe...-xauusd/982583


Cheers,
Scoobi

Whenever you hear the word "Holygrail"..... that should raise all Alarm Bells at once

Similar to the Word "Martingale" lol

lol trader121.

I am not oxford english graduate , lets throw the word holygrail out of the vocabulary

Lets talk straight if it's profitable or non profitable upto the point rather ...

cheers have a good one!

Here they go again. They've just found another EA wonder holy grail! So all you have to do now is get a broker that wont steal your loot, then load your wonder EA and then travel to Jamaica and lounge on the beach with skimpy clad damsels all around kissing your butt, then you'll get back home from the world tour 2 months later and find that your $1000 starting balance is now $1,000,000! at that very moment, you wake up to find your dog licking the shit off your face!!

I don't think making a 20% per month could be considered a Holygrail system. I expect much more for a Holygrail.

I was wondering the same thing (with regards to Scooooobi Doooobii Doooo)... It's totally fine if you want to talk about your claims, your robot, or whatever, because I am working on the same thing (producing the holy grail EA)... But I do not understand the point of doing so unless you have the intent to sell or commercialize your software one day, or at least be in for one hell of an ego-check.

It's like the title of this thread, "What if you have a holy grail automated system?"...

Ok, SO WHAT???! WHAT DO YOU PLAN ON DOING WITH IT? That is what I would like to know... and that is IF you have the holy grail system at all.

AND WHY DID YOU START THIS THREAD? As of now, you have absolutely nothing to prove... to anyone.

Like you, I would also expect more than 20% per month from Holy Grail EA. The one thing that is for certain, at least in my mind, is that the opportunity is ALWAYS there. For a holy grail EA, 20% should be EASY.

I am sure there are many other systems that can provide a 20% per month return, but I am not saying they will necessarily be cheap. Plus, it all really depends on how you use the system. Any system that carries an advantage, even a 1% advantage, as Hanover has suggested (or possibly less), can be made consistently profitable in the hands of the right trader. I think 20%/month return is great, and pretty awesome still, but not holy grail material.

PS: AKCodingEye is my holy grail partner. I would suggest listening to him... although I guess is also kinda goes without saying, he is the reasonable/modest one, I am the crazy, aggressive guy (when it comes to trading). I dunno, maybe he would settle for 20%/month, but I won't just yet.

Makavel world tour to Jamaica , definitely not in my agenda haha or making 1k to 100k in 2 months nopes. I have coded several EA's using MQL4 and fix protocol over the years and in the initial days bought those 99usd "Mumbo Jumbo" or Fab Turbo and all that , out of several EA'S which I have worked on only 5% of EA can trade the markets live and make decent profit for living .

Perhaps rest all of the time , effort which had gone into making other EA's probably attributed to producing these quality ones I suppose. Good old saying "No Gain without Pain"

Out of these profit making EA's in the basket, this bot for Gold is a gem with No Martingale or Grid mechanism inside , it uses Hedge to protect account at all times of market turbulence. As I mentioned earlier I was looking for the right retail broker to run it, I wanted the following in them :

Pre-requisites:

1. Low spread for Gold
2. No slippage or re-quotes
3. No commissions charged
4. No spread widening off the hook
5. Free hand to EA trading not hindering with freezing quotes during news etc..

I initially thought "IC Markets" was the right way to go but it didn't prove to be, then I have opened institutional broker a/c LMAX - to fund that a/c I wanted to use this small live a/c which I just opened with pepperstone edge ecn for which I got some decent reviews.


pepperstone matched all the pre-requisites above and wanted this journey to go on , absolutely there is no hidden agenda in selling this stuff etc. I have contributed by coding some free EA's to FF which do work also its just that am doing this talking to you folks as simple as that.

Upon reservations from some folks, I have halted the trial which "exptrader" FF member sought to recover his a/c too as its against the principles of being non-commercial member.

Cheers,
Scoobi

Ok Scoobi dooo (I love saying that),

I believe you. Thanks for your response. It seems you are a good trader/programmer (hopefully both), and if you feel that you might have something to contribute, I am sure me and AK would be happy to work with you too.

I have tried FAP Turbo EA too, haha, it was the FIRST EA that I ever bought... And actually, to be honest, it wasn't all that bad. I have had much worse experiences than with FAP Turbo lol. It did make money at times, but it was never consistent (at least for me).

No worries though... There are zillions of ways these EA's can be improved upon.

PS: Since we are kind of on the topic of EA's, there was one.... I will not mention a name... but it was actually very, very promising... until they went out of business. I remember returning 150%+ in well less than one month, on a small, live account that I had (so forward-testing... ie: it ACTUALLY made money). By the second month, I was up well over 200%, but that is when they folded.

When the company went out of business (or whatever the f* they did... the website went down), I lost all contact and communication with them, and the EA ceased to function, exist, and work (because of license key issues). I have never been more disappointed in my life... except maybe for when my gf broke up with me, rofl!).

On the other hand, I guess that was about the time that I also decided to start learning how to program C++/MQL4 and start developing my own EA's. I have never looked back since then (although it would be a mistake to assume that I am profitable, just yet).

You can call me Scoobi doobi doooo , I won a bigger Scoobi doo doll playing a game at Great America,Santa Clara while ago it was good in memories

Btw we can work together you , me and AK, as you said I don't want this EA to be "One Month Wonder" it will make us dejected more than anything else..

Consistency and not assuming anything including P.A by taking necessary caution to the wind is the theme of this EA, now my main concern after making the solution foolproof and strong is to find the right broker end of the day no matter u make millions in your mt4 if they don't let you withdraw its waste of every dime spent.