Just for my understanding,

if you have lot size 0.01 and your TP is 10pips in this account, how much should be Profit? 

As per my calculation if.

Standard Account = 1$

Micro=.1$

Mini=.01$

Hello SAAD Trend Tracker Community,

I've been doing some calculations to work out how long my account will take to grow, and I thought it might be useful to some people if I share it on here.

These calculations are based on the following assumptions:

Amount of Equity required per Level: £1,750 (as per Henry's post)

Average Weekly Pips:  187.86 (this is based on my own real-world calculations over the past 6 months and will be revised going forward to reflect market activity).

Level:  This is dependent on your type of account.  My account is a mini account, so Level 1 = £0.1 per trade, Level 2 = £0.2 per trade etc.  On a micro account I would guess Level 1 = 0.01, Level 2 = 0.02 etc.  Either way, your funds still have to double to progress from one level to the next.

Thus, at present it would look like it would take 93 weeks to move from Level 1 to Level 2, but only 9 weeks to move from Level 10 to Level 11.

Please let me know if you find this useful - if you do, I'll update the table when conditions dictate.

Hey amiddup, that's awesome. I think your 93 weeks (so around 2 years) is spot on, I made around €1,600 profit last year and can only imagine reaching €3,500 profit this year.

Hmm 6.4 years, that's a lot of money. Gives you a monthly salary of £455.72 before tax.

... but I already make €118.92 every month before tax, so I think something's off. According to my calculations I would get around €2,499.92 every month before tax if I had €35,000.

Henry de Jongh
Software Developer
https://00laboratories.com/ • MT4 Trading Signal

Actually maybe my £455.72 calculations are just all wrong. I looked at the chart wrong, balance instead of profit pips. We are going to be rich soon! :3

Henry de Jongh
Software Developer
https://00laboratories.com/ • MT4 Trading Signal

Hey Henry,

Yeah, my 'Funds' column relates to the account size - not how much we will make (unfortunately!).

I reckon by level 20, SAAD Trend Tracker will be making around £1,600 per month.  And like you say, that's in around 6 years time. 

However, extrapolating the data further, moving on from Level 20 to Level 40 will take just over 1 year!  Monthly income should increase to £3,339.

Thus, in 7 years time - assuming you don't take any profit off the table in the meantime - we *should* be able to expect a monthly income of £3,340!  (Tax free here in the UK!).

...actually, it's in 5 years time for me - I started on Level 2 ;-)

Hey Gelson Kasonia,

it may be best if you undo your lot size change and enable "Graceful Stop". Wait until the EA has closed all of the positions and then you move to 0.04.
^ assuming you had open positions on the EA/Instrument you modified. It shouldn't affect the others.

It's likely to get confused when it sees small 0.02 trades while trying to exponentially calculate 0.04 trades. And now it targets twice the amount of profit with tiny trades that may not reach it.

Henry de Jongh
Software Developer
https://00laboratories.com/ • MT4 Trading Signal

Hi Gelson,

EA will take new trades if you will change the Magic Number in this case. If magic number is same it will recognized old trades and will not trade of category SellA and and BuyA.

But it will open consecutive trades of category SellB and BuyB once condition is met and will consider lotsize as of multiple of already opened trades.

If you will change lotsize to .04, it will impact in new cycle when all trades are closed.

Please refer my last reply, changing lotsize will impact new cycle of trades regardless of deActivation button. You can also use deactivation to clean up all trades first.

It is not the case EA should send an error message, Even if it will through some error codes MQL5 support will not allow to publish this EA. They are filtering to handle errors internally and then allowing to publish EA. :).  

Hi Wibble,

EA running on different charts are independent and not sharing information with each other. We can keep same Magic Number on all charts. Magic number need to be unique on charts only in below case.

1) If we want to trade on one Currency Pair on more than one TFs. Like EURUSD on on M5 and M30. But it is not recommended to trade on one currency pair for different TF due to risk management.

Thank you Adnan.  I thought I'd read that somewhere but couldn't find it and didn't know if it was on this forum or SAADScalper's so thanks for clarifying.

I have another question.  I have a fair bit of drawdown at the moment.  I have noticed recently that some of the type A trades go above where they should close and yet do not close.  They sometimes then go back the other way and even go negative.  I was wondering why this was.  Something to do with the drawdawn?  Or could it be it is because I am using aggressive recovery settings (but with the defaults as per your set file)?  Or could it be something else?  Do you think something is wrong?

I have increased the lot size recently (after adding more money obviously - trying to be safe) and did not perform a graceful stop first.  Should I have done this?  I think you were saying recently (#971) that it should all be OK in this scenario...

Hi Wibble,

Please give some example if you will notice again, its difficult to comment about it without understanding root cause. for your second query, yes if we are changing lot size, new lot size will be reflected on Type A category trades in new cycle. Already opened trades will follow previous lot size and consecutive lots.

Hi Adnan,

Why do some trades close early?

It open 0.01 and 0.02 Lots buy then 0.04 but the latter closed separately with earn 0.17 cent only and the other lots still running