{quote} forexbrzee, I am curious: where else is this EA available (other than this thread)? Or, if there isn't one exactly like it, then where is something very similar to it that is free?
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you ll get it if you google. I think it should be on the dump folders on my computer. i have to search for it. even if i search and get it, how to share it. more over it is not a wise idea to share on this thread when tomosie is promoting that ea.
forexbrzee is right. I also remember it and crashed 2 (fortunately nano) accounts with it around 2 years ago. It came out on an indonesian forex board (then it would also promoted on a german broker site). The original developer is unknown. He has programmed it quick and dirty to proof his concept (that's why the EA must be running on 2 charts). I guess tomosie has found this old gem on an indonesian forum (look at his profile, he is indonesian) and (maybe) has tweaked it a little bit for a quick dime. When it's his baby then he can explain why...
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Yes it was from an indonesian forum. I too have to search my computer to get the file. Actually this kind of EA will work if you have a large capital. You have to start with 0.01 lots for a minimum of 50k account. So that you ll have draw down less than 10 percent. You can make around 3 to 6 percent profit every month. This is the most safest way. These type of EAs cannot be used with a small capital. At some point it will surely burn your account. I am saying this based on my experience.
{quote} Hi first of all im not selling this ea.. Im not a good programer o it come with two ea on 2 chart so one can open sell and the other can open buy.. If you can make this ea on a single file that would be good. In this thread im only offering free ea just to be part of my ib. If im true that this is not my ea maybe you can say i offer the best setup for this ea so it can make profit for us.. Please tell me wich part that im trying to fool you. If you dont like it dont use it. I am here for sharing, just need little contribution from you by...
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I appreciate your honesty tomosie. wish you good luck...
{quote} you ll get it if you google. I think it should be on the dump folders on my computer. i have to search for it. even if i search and get it, how to share it. more over it is not a wise idea to share on this thread when tomosie is promoting that ea.
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Yes, you are right. It wouldn't be right to discuss a different EA in this thread. This thread of course is meant for the EA of Tomosie. I was just curious about if origin of the EA and / or other similar EA's. To be more accurate, I am really curious if somewhere there is other threads and discussions about this EA.
Why don't remove the martingale pattern and optimize it for a low risk?
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This question is for either forexbrzee or Tomosie (or both of you can reply). My question is: Can't we basically remove the martingale risk by lowering the "Lot Exponent" setting of the EA to zero (or a very low number close to zero)? Will the EA still work if we did that?
{quote} This question is for either forexbrzee or Tomosie (or both of you can reply). My question is: Can't we basically remove the martingale risk by lowering the "Lot Exponent" setting of the EA to zero (or a very low number close to zero)? Will the EA still work if we did that?
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I have tried all the possible tweaking including the one you have said. Unfortunately it doesn't work on a long run. To make it work, you should have a minimum balance of 20,000 USD or more. You should monitor the trades always and exit the trades on loss if the trades are against the trend. Lot of patience is required.
{quote} This question is for either forexbrzee or Tomosie (or both of you can reply). My question is: Can't we basically remove the martingale risk by lowering the "Lot Exponent" setting of the EA to zero (or a very low number close to zero)? Will the EA still work if we did that?
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If lowering the seting the system will ruin coz it use martingale and the calculation is made from those setting. Base may experience using this ea on this pair. Posibilities on pair have extreme trending condition is rare. If pair trend normali it will be save.. So in my money management i will withdraw or make profit save or being transfered to another account so id its going worse we are not loss all we had.. If you see my mql5 i do withdraw the profit regularly. And you can see there no margin call.. I hope this explanation clear for all of you guys. Regards
{quote} This question is for either forexbrzee or Tomosie (or both of you can reply). My question is: Can't we basically remove the martingale risk by lowering the "Lot Exponent" setting of the EA to zero (or a very low number close to zero)? Will the EA still work if we did that?
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If lowering the seting the system will ruin coz it use martingale and the calculation is made from those setting. Base may experience using this ea on this pair. Posibilities on pair have extreme trending condition is rare. If pair trend normali it will be save.. So in my money management i will withdraw or make profit save or being transfered to another account so id its going worse we are not loss all we had.. If you see my mql5 i do withdraw the profit regularly. And you can see there no margin call.. I hope this explanation clear for all of you guys. Regards
{quote} This question is for either forexbrzee or Tomosie (or both of you can reply). My question is: Can't we basically remove the martingale risk by lowering the "Lot Exponent" setting of the EA to zero (or a very low number close to zero)? Will the EA still work if we did that?
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If lowering the seting the system will ruin coz it use martingale and the calculation is made from those setting. Base may experience using this ea on this pair. Posibilities on pair have extreme trending condition is rare. If pair trend normali it will be save.. So in my money management i will withdraw or make profit save or being transfered to another account so id its going worse we are not loss all we had.. If you see my mql5 i do withdraw the profit regularly. And you can see there no margin call.. I hope this explanation clear for all of you guys. Regards
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Joined Jan 2013
|223 Posts
Okay guys, thanks for the reply. My next question is this: Is the "Key" setting of the EA the same as the Magic Number? And if it is then do I need to have different Key numbers for each of the multiple broker MT4 charts running on my computer? I am testing this on a TradersWay demo account and a Tallinex demo account and a FX Choice demo account. Is it okay to have the same default Key number on all 3 of these MT4 brokers that are running at the same time on my computer? Or will using the same Key number with all 3 brokers potentially cause problems?
Okay guys, thanks for the reply. My next question is this: Is the "Key" setting of the EA the same as the Magic Number? And if it is then do I need to have different Key numbers for each of the multiple broker MT4 charts running on my computer? I am testing this on a TradersWay demo account and a Tallinex demo account and a FX Choice demo account. Is it okay to have the same default Key number on all 3 of these MT4 brokers that are running at the same time on my computer? Or will using the same Key number with all 3 brokers potentially...
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No need to change magic numbers. Its use if you put same ea on one same pair but you have different setting
{quote} No need to change magic numbers. Its use if you put same ea on one same pair but you have different setting
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The reason I asked about the magic numbers is that I am trying to figure out what went wrong with the results of the EA on one of my demo trading accounts. I began testing the EA last week, but I had the wrong lot setting on it and so I started over again testing it this week - began on Monday of this week - with the lot setting at 00.1 lots instead of 0.1 lots. I am trading the eurgbp & eurchf pairs on my demo TradersWay account, and I decided to try out the eurusd & usdchf on my demo FX Choice account, and the same pair again (the eurusd & usdchf) on my demo Tallinex account... with the difference being that I am using the Lot Exponent setting at 0.1 instead of the default lot setting of 1.68. I have to admit I've had major trouble with the demo TradersWay account (the account with the eurgbp & eurchf pairs). I started with a demo TradersWay account of $2500 on Monday (5 days ago) and now have only $7 (seven dollars) left in my account. I've had individual trades with losses of -62.30 ... -80.27 ... -186.81 ... -261.74 ... -327.67 ... -346.10 ... -347.94 ... -751.51. Why do I have so many huge losses in only 5 days, when your EA biggest loss in 16 weeks has only been -57.42? Am I doing something wrong?
This is why I was asking about the "Key number" setting of the EA. I am using the same Key number (the default number) with all 3 demo brokers. But I guess the Key number is not the issue, is it? I am surprised & disappointed that my account barely has $7 left in the demo TradersWay account.
On a positive note, my demo FX Choice account in 3 days of trading (using the eurusd & usdchf) has made a net profit of $583. And my demo Tallinex account - using eurusd & usdchf (but with the Lot Exponent set at 0.1 instead of the default 1.68) - in 2 days of trading has made net profit of $23. But obviously so far it has only been a few days of trading with these brokers.
Still, I can't figure out why my TradersWay account has almost been wiped out in only 5 days - especially after seeing your account is doing so well after 16 weeks and that your biggest loss on any single trade has only been $57. Unfortunately my 5 day old account already has 8 trades that has bigger losses than your biggest loss.
Oh well, maybe EA trading just might not be the best way for me personally. I will go ahead and test it a little while longer, but I'll probably go back to working on my manual trading. I certainly wish good luck for anyone that uses EAs.
{quote} The reason I asked about the magic numbers is that I am trying to figure out what went wrong with the results of the EA on one of my demo trading accounts. I began testing the EA last week, but I had the wrong lot setting on it and so I started over again testing it this week - began on Monday of this week - with the lot setting at 00.1 lots instead of 0.1 lots. I am trading the eurgbp & eurchf pairs on my demo TradersWay account, and I decided to try out the eurusd & usdchf on my demo FX Choice account, and the same pair again (the...
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If you use $2500 balance use lot 0.01 not 00.1 the other let it default. And you must use 5 digits broker.
Or you can post screenshoot here how you set the ea
{quote} If you use $2500 balance use lot 0.01 not 00.1 the other let it default. And you must use 5 digits broker. Or you can post screenshoot here how you set the ea
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I made a mistake in my previous post when I wrote "00.1". I meant to write "0.01". Sorry about that. I actually did use the correct lots of 0.01 in the EA, but I just wrote it wrong in my post.
Here is 2 screenshots of my EA settings of my demo TradersWay account. The first screenshot shows the first half of the settings and the 2nd screenshot shows the second half of the settings. I had to do it this way because I couldn't make the EA settings box expand to show all the settings at once.
And also, as you can see, there is only $7.21 left in my demo account from the original $2500.
I didn't post any screenshots of the "Common" tab (the tab that shows if it is trading long or short). I figured it would be too many screenshots due to the fact I would have to post 2 screenshots of the eurgbp (one for long and one for short) and 2 screenshots of the eurchf. However, I just now looked again at each of "Common" tab settings and I do confirm that those settings are correct on each of the currencies and I do confirm that I am using the eurgp with both the Burmil EA and the Langit EA and the same with the eurchf. But I could post screenshots of those specific settings if you want them.
{quote} I made a mistake in my previous post when I wrote "00.1". I meant to write "0.01". Sorry about that. I actually did use the correct lots of 0.01 in the EA, but I just wrote it wrong in my post. Here is 2 screenshots of my EA settings of my demo TradersWay account. The first screenshot shows the first half of the settings and the 2nd screenshot shows the second half of the settings. I had to do it this way because I couldn't make the EA settings box expand to show all the settings at once. And also, as you can see, there...
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At tab common did you set bumi only short and langit only long? If already setup up based my instruction maybe the broker didnt match with the ea.. Coz in the past with another ea i also have same as you with some broker.. I got loss only in one day and got mc while my other broker still in profit
{quote} I made a mistake in my previous post when I wrote "00.1". I meant to write "0.01". Sorry about that. I actually did use the correct lots of 0.01 in the EA, but I just wrote it wrong in my post. Here is 2 screenshots of my EA settings of my demo TradersWay account. The first screenshot shows the first half of the settings and the 2nd screenshot shows the second half of the settings. I had to do it this way because I couldn't make the EA settings box expand to show all the settings at once. And also, as you can see, there...
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At tab common did you set bumi only short and langit only long? If already setup up based my instruction maybe the broker didnt match with the ea.. Coz in the past with another ea i also have same as you with some broker.. I got loss only in one day and got mc while my other broker still in profit
Maybe i will try on tradersway
{quote} At tab common did you set bumi only short and langit only long? If already setup up based my instruction maybe the broker didnt match with the ea.. Coz in the past with another ea i also have same as you with some broker.. I got loss only in one day and got mc while my other broker still in profit Maybe i will try on tradersway
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Yes, I set the bumi for short only and the langit for long only.
As you said, maybe it could possibly be the broker is not matching up with the EA as it should. But I really don't know one way or the other. Yes, it would be good if you - and others here also - test the EA on the TradersWay demo account for about a month and then post the results here. In fact, I'd like to see other people post their test results with the EA even if they are using a different broker than TradersWay.
I have gotten another TradersWay demo account and I am going to try it once again with that broker. I also am using 2 other brokers with the EA, but I am using the eurusd & usdchf with those brokers instead of the eurgpp & eurchf. I have explained earlier in this thread about the exact way I am testing the EA with those brokers.
{quote} Yes, I set the bumi for short only and the langit for long only. As you said, maybe it could possibly be the broker is not matching up with the EA as it should. But I really don't know one way or the other. Yes, it would be good if you - and others here also - test the EA on the TradersWay demo account for about a month and then post the results here. In fact, I'd like to see other people post their test results with the EA even if they are using a different broker than TradersWay. I have gotten another TradersWay demo account and I am going...
