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  • #821
  • Jan 23, 2015 3:10pm Jan 23, 2015 3:10pm
Quoting TheDirtySerb
{quote} No magic settings. That was my DD at the time of my post. My DD was much bigger yesterday, but it did end up working out. If you use multilotfactor higher than 1, you must account for multiple backup positions being opened and therefore trade smaller lots. You also have to take into consideration the daily range of a pair. EU was extreme yesterday and if your EA was executing trades every 5,7,10 pips or so, you need to modify the step setting on the fly to mimic market conditions. Not only did my long EU trades yesterday work out, but when...
Very good insight as well. Thank you TheDirtySerb!
insanity: Doing the same thing over... and expecting different results -AE
  • #822
  • Jan 23, 2015 3:16pm Jan 23, 2015 3:16pm
Quoting TheDirtySerb
{quote} No magic settings. That was my DD at the time of my post. My DD was much bigger yesterday, but it did end up working out. If you use multilotfactor higher than 1, you must account for multiple backup positions being opened and therefore trade smaller lots. You also have to take into consideration the daily range of a pair. EU was extreme yesterday and if your EA was executing trades every 5,7,10 pips or so, you need to modify the step setting on the fly to mimic market conditions. Not only did my long EU trades yesterday work out, but when...
Chasing The Dream...
  • #823
  • Jan 24, 2015 2:47am Jan 24, 2015 2:47am
There was a 38 pip tp, after that cavemanager EA stop working.The ea was on another terminal with same account.
Attached Image (click to enlarge)
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  • #824
  • Jan 24, 2015 4:02am Jan 24, 2015 4:02am
Quoting bandicica
Anybody has results with this settings ? Step 5 Take profit 5 multi lot factor 1.
Just started these settings yesterday on four pairs eur gbp aud and cad . But with multi factor 1.2. 36 dollars profit so far with 0.01 lot as a start.
  • #825
  • Jan 24, 2015 4:09am Jan 24, 2015 4:09am
Quoting steeko
{quote} Just started these settings yesterday on four pairs eur gbp aud and cad . But with multi factor 1.2. 36 dollars profit so far with 0.01 lot as a start.
Thanks !!!
  • #826
  • Jan 24, 2015 4:51am Jan 24, 2015 4:51am
Quoting steeko
{quote} Just started these settings yesterday on four pairs eur gbp aud and cad . But with multi factor 1.2. 36 dollars profit so far with 0.01 lot as a start.
Your settings looks really good but, can I ask, how much is your capital?
Thank you.
  • #827
  • Jan 24, 2015 5:22am Jan 24, 2015 5:22am
Quoting Justin
{quote} Your settings looks really good but, can I ask, how much is your capital? Thank you.
My capital is 3700 usd and its live account not demo.I realize that with this ea u have to catch profit fast and close as soon as possible. But I tested only one day so not sure yet its profitable or not . My settings with version 1.1
I close it at news time for 30 minutes and multi factor 1.2 gives me four trades 0.01 then two trades 0.02 then 0.03 and then 0.04 and that's the max I reach yesterday.
  • #828
  • Jan 24, 2015 5:54am Jan 24, 2015 5:54am
Quoting steeko
{quote} My capital is 3700 usd and its live account not demo.I realize that with this ea u have to catch profit fast and close as soon as possible. But I tested only one day so not sure yet its profitable or not . My settings with version 1.1 I close it at news time for 30 minutes and multi factor 1.2 gives me four trades 0.01 then two trades 0.02 then 0.03 and then 0.04 and that's the max I reach yesterday.
Good luck steeko
I will consider these settings when I start my live trading soon.
  • #829
  • Jan 24, 2015 6:10am Jan 24, 2015 6:10am
Quoting steeko
{quote} My capital is 3700 usd and its live account not demo.I realize that with this ea u have to catch profit fast and close as soon as possible. But I tested only one day so not sure yet its profitable or not . My settings with version 1.1 I close it at news time for 30 minutes and multi factor 1.2 gives me four trades 0.01 then two trades 0.02 then 0.03 and then 0.04 and that's the max I reach yesterday.


i think is best setting :
EUR\USD ONLY
real account 2000\3000 euros
lot 0.01
multifactor 1.2
the gains will be longer and slow but safest and the EA will resist also in this particular and staordinar days
with a so multifactor,when the EA will change the trend will close first the actual trades and then will open the new trades
the right multifactor allows first or then(here the necessity to set 0.01 lot) to close the actual trades and allows to open new opposite trades
but if someone sets 1 lot or 2 o3 multifactor the account will not resist
  • #830
  • Jan 24, 2015 6:57am Jan 24, 2015 6:57am
Quoting armyda
{quote} i think is best setting : EUR\USD ONLY real account 2000\3000 euros lot 0.01 multifactor 1.2 the gains will be longer and slow but safest and the EA will resist also in this particular and staordinar days with a so multifactor,when the EA will change the trend will close first the actual trades and then will open the new trades the right multifactor allows first or then(here the necessity to set 0.01 lot) to close the actual trades and allows to open new opposite trades but if someone sets 1 lot or 2 o3 multifactor...
Agree. We also must evaluate the right value of Multilot factor trend change: 1.2 (same) or more? And it's obviously crucial to stop the EA before important news: a news can create a strong trend and this is an undesirable event when we trade a grid EA. No matter if at that time we have a negative balance due to previous open trades.
It's far better to accumulate small and recurrent profits rather than aim to a big win. In this perspective trading only the asian session (EU) could be a safe strategy.
However we must have enogh money to handle a big drawdown that, sooner or later, occurs, no way to escape from.
  • #831
  • Jan 24, 2015 7:00am Jan 24, 2015 7:00am
Quoting davegan
{quote} Agree. We also must evaluate the right value of Multilot factor trend change: 1.2 (same) or more? And it's obviously crucial to stop the EA before important news: a news can create a strong trend and this is an undesirable event when we trade a grid EA. No matter if at that time we have a negative balance due to previous open trades. It's far better to accumulate small and recurrent profits rather than aim to a big win. In this perspective trading only the asian session (EU) could be a safe strategy. However we must have enogh money to handle...
the multifactor trend change is too risky because if you exit by a trade after a long and bloody trade when the trade changes the multifactor trend change could kill you in a few of second
i set mutifactor trend change at 0
  • #832
  • Jan 24, 2015 7:01am Jan 24, 2015 7:01am
Quoting davegan
{quote} Agree. We also must evaluate the right value of Multilot factor trend change: 1.2 (same) or more? And it's obviously crucial to stop the EA before important news: a news can create a strong trend and this is an undesirable event when we trade a grid EA. No matter if at that time we have a negative balance due to previous open trades. It's far better to accumulate small and recurrent profits rather than aim to a big win. In this perspective trading only the asian session (EU) could be a safe strategy. However we must have enogh money to handle...
  • #833
  • Jan 24, 2015 8:17am Jan 24, 2015 8:17am
Quoting armyda
{quote} the multifactor trend change is too risky because if you exit by a trade after a long and bloody trade when the trade changes the multifactor trend change could kill you in a few of second i set mutifactor trend change at 0
Brilliant! So no more trades in trend change and trades when trend changes back. So we can close with small loss or enter again to recoup.
insanity: Doing the same thing over... and expecting different results -AE
  • #834
  • Jan 24, 2015 9:31am Jan 24, 2015 9:31am
Quoting steeko
{quote} My capital is 3700 usd and its live account not demo.I realize that with this ea u have to catch profit fast and close as soon as possible. But I tested only one day so not sure yet its profitable or not . My settings with version 1.1 I close it at news time for 30 minutes and multi factor 1.2 gives me four trades 0.01 then two trades 0.02 then 0.03 and then 0.04 and that's the max I reach yesterday.
I like the 1.2 MiLF (lol sorry couldn't resist) setting in these market conditions with the ridiculous pops and drops. Anyone remember volatility last year when the EU ADR was like in the 40's and UJ, AU, and others were in the 30's, 40's, and 50's? When things calm down and normal ranging markets come back into play, this is where we're gonna make our money. If we can survive our accounts now and make money on top of it, I know we'll be fine when things subside.
  • #835
  • Jan 24, 2015 11:42am Jan 24, 2015 11:42am
Hi All,

quick question. I would like to try this EA on live account with small deposit of 100$.
I will be using XM.com broker (micro). So 0.01 lot in micro would be really small sum.
What leverage I should use? XM offers max leverage of 888.
Or its better to go with small (1:50-1:100) leverage and bigger lots?

Thanks
  • #836
  • Jan 24, 2015 1:39pm Jan 24, 2015 1:39pm
Once you have the essential insight, and experience in forex trading this EA will give you what you need.

My advice:

-Learn why price moves up/down
-Read about market makers
-Make this EA a part of your system, and don't use it as a system
Attached Image (click to enlarge)
Click to Enlarge Name: Skærmbillede 2015-01-24 kl. 20.40.28.png Size: 22 KB
Not about how much you win, but how much you loose
  • #837
  • Jan 24, 2015 1:45pm Jan 24, 2015 1:45pm
Quoting armyda
{quote} the multifactor trend change is too risky because if you exit by a trade after a long and bloody trade when the trade changes the multifactor trend change could kill you in a few of second i set mutifactor trend change at 0

I agree.

I'd use discretion and use manually if I deem needed.
Chasing The Dream...
  • #838
  • Edited 2:04pm Jan 24, 2015 1:48pm | Edited 2:04pm
Quoting Ullen
Once you have the essential insight, and experience in forex trading this EA will give you what you need. My advice: -Learn why price moves up/down -Read about market makers -Make this EA a part of your system, and don't use it as a system {image}

Can you point out a few sources for viable information as to what moves the market and why?

Other than order filling, price fixing...

No worries. I'll search around. You have very valuable points.

Thanks
Chasing The Dream...
  • #839
  • Jan 24, 2015 2:39pm Jan 24, 2015 2:39pm
Quoting Ullen
Once you have the essential insight, and experience in forex trading this EA will give you what you need. My advice: -Learn why price moves up/down -Read about market makers -Make this EA a part of your system, and don't use it as a system {image}

well well easy to say but not easy to do i do see you to others forum or you brad about your system making so many pips bravo , but you never ever give an inside of your trading pattern only a little clue or for the average trader hard to understand unless we are professional for me i am fine but for so many here or still puzzle of your achievement????????// i never ask you give your system but only be more open to it ?
cheers master have a very good day
  • #840
  • Jan 24, 2015 7:15pm Jan 24, 2015 7:15pm
Quoting Ullen
Once you have the essential insight, and experience in forex trading this EA will give you what you need. My advice: -Learn why price moves up/down -Read about market makers -Make this EA a part of your system, and don't use it as a system {image}
I Could not say it better.....
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