Cristian Eriksson / Profile
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Cristian Eriksson
I've gone through all MQL5 MT4 Signals today. And it's only one signal on the whole community that I consider being professionally managed(not talking about my own). That's scary, isn't it...
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Cristian Eriksson
I've gone through all MT4 Signals today. And it's only one signal on the whole community that I consider being professionally managed(not talking about my own). That's scary, isn't it?
Here are the 3 most important things to look for:
-A professionally managed signal does never have a drawdown greater than 20%. Why? Because controlled risk, is everything. If you have as much as 2% or even being extreme and having 3% risk, you'll have to have very many losses in a row to reach 20% drawdown(6 or 7). That can of course happen. But in 99% of the cases drawdown goes above 20% on mql5, it's becuase the risk is not being managed.
-An active professionally managed account does not have a loosing month. Unless you trade very seldom. But then it might not be that exciting to copy anyway. What if you subscribe right after the one and only trade for that month was opened. Someone that is active and manage their risk, must do a very poor job to end in the negative after a month.
-Always look under the RISK tab. Look for MAE, maximum potential loss. This is plotted on the y axis, it will show if they keep their risk. If you see a lot of orders over 3% or over 5% of the account balance, you're copying a signal that could go to zero any day soon.
Here are the 3 most important things to look for:
-A professionally managed signal does never have a drawdown greater than 20%. Why? Because controlled risk, is everything. If you have as much as 2% or even being extreme and having 3% risk, you'll have to have very many losses in a row to reach 20% drawdown(6 or 7). That can of course happen. But in 99% of the cases drawdown goes above 20% on mql5, it's becuase the risk is not being managed.
-An active professionally managed account does not have a loosing month. Unless you trade very seldom. But then it might not be that exciting to copy anyway. What if you subscribe right after the one and only trade for that month was opened. Someone that is active and manage their risk, must do a very poor job to end in the negative after a month.
-Always look under the RISK tab. Look for MAE, maximum potential loss. This is plotted on the y axis, it will show if they keep their risk. If you see a lot of orders over 3% or over 5% of the account balance, you're copying a signal that could go to zero any day soon.
Cristian Eriksson
Gapbot hopefully coming through this week. It's an arbitrage bot that trades on two terminals at the same time.
Cristian Eriksson
Ed8son
2018.03.16
Hi looking to purchase your trading Bot, I would like to ask some question, Demo was working find after BTC hit low 9800k its lost all profit, I am doing the setting right ? Thank you.
Cristian Eriksson
Next version of Crypto Bull will be more ”fire and forget” than ever.
It’s now 100% safe from buying on anything close to an all time high. It will be having some
of the best crypto entries out there.
The new version will come with an extra .set file, for those that want to turn it into a machine gun instead like in this video.
The latest version is not yet running on the signal.
Wait for it...
https://youtu.be/-yaKumCxNAg
It’s now 100% safe from buying on anything close to an all time high. It will be having some
of the best crypto entries out there.
The new version will come with an extra .set file, for those that want to turn it into a machine gun instead like in this video.
The latest version is not yet running on the signal.
Wait for it...
https://youtu.be/-yaKumCxNAg
Cristian Eriksson
I've lernt soo much about the limitations of the Strategy tester while developing Crypto Bull, release of a version 2.0 is just around the corner. And it's going to be much safer.
Edit: Version will be 1.2
Edit: Version will be 1.2
Cristian Eriksson
When the bitcoin price is 11 000$
1000 BIT is 11$
1 000 000BIT is 1 Bitcoin
Right now the best account currency you can have is BIT. Becuase even when you don't trade, you make money as the bitcoin price moves up.
1000 BIT is 11$
1 000 000BIT is 1 Bitcoin
Right now the best account currency you can have is BIT. Becuase even when you don't trade, you make money as the bitcoin price moves up.
Cristian Eriksson
Great progress again with Crypto Bull, major upgrades and fixes.
The issue that made it impossible to estimate the correct risk on BIT accounts, that led to my demo- account crash, resolved. I found out that the strategy tester can be manually set to BIT account.
Some issues with profit taking also resolved, took me 4 days, to figure some stuff out, in a universal way. Now everything with swap and commission is automatic and 100% correctly calculated back to points before exiting an order.
Last version made 31x the initial deposit in a year. I think in this version we are going to see a lot more.
It's important to have very high gain on bots like this. If a currency was to crash, the user should have plenty of opportunities to take out 2-10x the money from the account before that happens. If it ever happens.
Live signal probably coming up tonight!
The issue that made it impossible to estimate the correct risk on BIT accounts, that led to my demo- account crash, resolved. I found out that the strategy tester can be manually set to BIT account.
Some issues with profit taking also resolved, took me 4 days, to figure some stuff out, in a universal way. Now everything with swap and commission is automatic and 100% correctly calculated back to points before exiting an order.
Last version made 31x the initial deposit in a year. I think in this version we are going to see a lot more.
It's important to have very high gain on bots like this. If a currency was to crash, the user should have plenty of opportunities to take out 2-10x the money from the account before that happens. If it ever happens.
Live signal probably coming up tonight!
Cristian Eriksson
Two weeks now, and crypto bull is doing good
https://www.mql5.com/en/signals/378955
https://www.mql5.com/en/signals/378955
Show all comments (4)
Cristian Eriksson
2018.01.22
Yes, I ran the demo signal with too much risk. I will put up a new one on live account instead.
Cristian Eriksson
2018.01.22
The risk setting was pretty much a guess work since, MT4 wouldn't allow to run with BIT as account currency.
Cristian Eriksson
I will always keep my product line clean. If two bots do approximately the same thing, but one is better. Only the good one stays. Only the well developed ones stays. There will only be quality products in my line.
Cristian Eriksson
Crypto Bull sent in for aproval! Starting price will be 200$. Rental price will be 40$, there's a good chance of making that back in a day or two. 2017 brought in 31x initial deposit. If you had just held the btcusd in 2017 the gain would have been 14x, and that would be considered luck. Because you never know how many times it will go up next year, maybe only 3x.
Cristian Eriksson
Crypto Bull will be a high risk insane growth bot for bullish crypto coins. What is the risk? It uses averaging and if a coin stops beeing bullish, and starts falling without retracing enough for the bot to get out, that could lead to an account crash. But it never came close on the last year of bitcoin , litecoin or etherium i.e . And if you run i on 5 bullish coins, if one would crash, that wouldnt be a big deal compared to the growth on the other four coins. This is the best way to trade crypto right now
Cristian Eriksson
I do not have any ticksoftware installed for MT4, but still I'm getting tickdata from ICMarkets on big pairs, can anyone explain why?
Cristian Eriksson
So far 8 out of 9 orders have hit their TP. I would say, that is a good start!
https://www.mql5.com/en/signals/370319
https://www.mql5.com/en/signals/370319
Cristian Eriksson
6months backtest with Autonomy. Has taken 3 days to produce. EURUSD M5. On every new bar, the EA performs tousands of trades on the last 50 000 bars to conclude the current best settings. Every new trade has historical statistics printed in the comment field, and the chance in percentage of hitting take profit. On this type of strategy both backtest and demo trading does have a close resemblence to real world trading, since it's not latency, slippage or spread sensitive in any way. Exact risk percent can be set for every order. Thus can be trusted with a billion dollar account. Can run on as many paris at the same time as your computer can handle. Estimated starting price will be 700$.
It's 100% impossible for the broker to understand what it does.
It's 100% impossible for the broker to understand what it does.
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