10points 3.mq4 - page 396
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Can anyone tell me please if 10points3 remembers Lot number to open? When 10pts3 is turned off then on, does it forget lot number to open or any other important things? My metatrader is on a V.P.N. It will turn off during the weekend! -Thanks!
Yes, it always take initial lots, and counts open trades to calculate next lot to open. Be aware that if you (or your broker) close one position, the remaining positions will close automatically, too.
I recommend you to test it on demo first for a couple of months before put it on your real account.
Regards,
Marcel
Thanks Marcel!
Thanks Marcel! I was thinking of a 300$ account on IBFX with nano lots instead of demo, If backtesting on IBFX data gives profit like I have from Alpari and Mataquotes. I read Demo accounts do not always close when loosing too much money! On this forum many people seem to do better on demo then live accounts. Suspicious . . .
Thanks Marcel! I was thinking of a 300$ account on IBFX with nano lots instead of demo, If backtesting on IBFX data gives profit like I have from Alpari and Mataquotes. I read Demo accounts do not always close when loosing too much money! On this forum many people seem to do better on demo then live accounts. Suspicious . . .
I think one difference between demo and real is more requoting in real, but its significant if you are a scalper, or if the broker isn't have a good interbank pricing sources, or his client base is too small. But the main difference between demo and real performance, I think is trader's psychology. Fear and greed come into the real game trading.
Otherwise, I don't think 300 bucks is enough even on a micro account on IBFX (it's micro - 0.01 lots - , not nano -0.001 lots) to tes 10points3. I advice to try FxOpen or InstaForex instead, they truly have nanolots - .
I've abandoned to trade with 10points3 - really risky, like any martingale system-, but gave me some knowledge about how to trade right forex (right for me, of course), but I'm now pretty much conservative.
One last advice - NEVER EVER trust backtesting. Backtesting is only to know if your EA is doing their tasks fine.
Regards,
Marcel.
I think one difference between demo and real is more requoting in real, but its significant if you are a scalper, or if the broker isn't have a good interbank pricing sources, or his client base is too small. But the main difference between demo and real performance, I think is trader's psychology. Fear and greed come into the real game trading.
Otherwise, I don't think 300 bucks is enough even on a micro account on IBFX (it's micro - 0.01 lots - , not nano -0.001 lots) to tes 10points3. I advice to try FxOpen or InstaForex instead, they truly have nanolots - .
I've abandoned to trade with 10points3 - really risky, like any martingale system-, but gave me some knowledge about how to trade right forex (right for me, of course), but I'm now pretty much conservative.
One last advice - NEVER EVER trust backtesting. Backtesting is only to know if your EA is doing their tasks fine.
Regards,
Marcel.I will be very suspicious of the back testing results, and remove 10pts3 during all large news events too, hopefully avoiding disaster. Good luck Marcel
Otherwise, I don't think 300 bucks is enough even on a micro account on IBFX (it's micro - 0.01 lots - , not nano -0.001 lots) to tes 10points3. I advice to try FxOpen or InstaForex instead, they truly have nanolots - .
Marcel.IBFX also has nano-lots. (Cent a pip)
IBFX also has nano-lots. (Cent a pip)
Yes you're right!
I didn't notice that because since they don't allow hedging (due to NFA regulations) I don't trade with them (I've opened an account with them but never credit it)
A good Starting Point
Hi There,
I am new to this exciting thread... it has grown far too large to digest quickly.
Can anyone tell me which/where to get the recommended version ?
Also, any set files for the recommended pairs ?
Thanks alot.
Here is a resume from NewDIgital:
https://www.mql5.com/en/forum/174975/page261
There are a lots of versions, may be you can pick one of the mentioned post and look at related posts to find a good set.
Regards,
Marcel
Many thanks Marcel
I think one difference between demo and real is more requoting in real, but its significant if you are a scalper, or if the broker isn't have a good interbank pricing sources, or his client base is too small. But the main difference between demo and real performance, I think is trader's psychology. Fear and greed come into the real game trading.
Otherwise, I don't think 300 bucks is enough even on a micro account on IBFX (it's micro - 0.01 lots - , not nano -0.001 lots) to tes 10points3. I advice to try FxOpen or InstaForex instead, they truly have nanolots - .
I've abandoned to trade with 10points3 - really risky, like any martingale system-, but gave me some knowledge about how to trade right forex (right for me, of course), but I'm now pretty much conservative.
One last advice - NEVER EVER trust backtesting. Backtesting is only to know if your EA is doing their tasks fine.
Regards,
Marcel.Marcel,
Thank you for your contribution thus far. I've been working with 10point3 for some time, and already gave up. Anyway, here are my believes and should help you guys to continue development:
1) Initial lot size shall never exceed 1% margin base on 1:100 leverage. In example: $1000 deposits, you should only start with 0.01 normal lot size, or 0.10 mini lot(IBFX Nano account).
2) Recommended compounding effect should be 2/3 instead of 1. Meaning only compound your lot size when your balance growth 200%. Imagine, if your compounding effect is 1, when you grow your account from $1000 to $2000, your lot size also increased from 0.01 to 0.02, chances are getting wipe out is still as great as your original deposits because of the risk percentage never change.
3) Take Profit, Multiplier & Pips gap play very important role in trading 10point3. You must do the calculation before you decide to make any changes to any one of these settings. If your Pips gap is 30pips, your take profit should be 15pips and above in order to breakeven, provided your multiplier is 2. If your multiplier is 3, things are different. With 30pips gap, you only need 11pips take profit to be profitable. Its a fixed formula and I'm too lazy to develop 1. I use manual calculation.
4) MaxTrades, Multiplier, Initial Lot, Pips gap decide whether you account stay or go. If your account started with big lot size, your 2nd escalation will doubled or tripled the risk of your initial lot size, chances of your account getting wipe out is bigger. If your Pips gap is huge enough, chances of your account will sustain a little longer with less margin usage. Bear in mind, if you have a huge pip gap, you'll also need greater retracement in order make up an over all profit for all your opened trades. Indirectly, when you widen your pips gap, you'll have to widen your Take Profit in conjunction. Normally, if your initial lot size is 1% margin base on 1:100 leverage, with 2x multiplier, you can hardly exceed 5 level. Normally the 6th level you're going to have a margin call.
5) Here is something that me and few other senior advised again and again, but seems not many of us able to follow. Consistent withdrawal is the key to be success in the long run. Not everyday is Sunday. Who knows the day is Friday the 13th, everything goes wrong. A major event that bring all your sell orders all the way up 1000pips. Unless you have 300pips gap to fill your next order, otherwise I think its time to say good bye to your money.
6) Backtesting is a tool for us to identify how the EA works. You can optimize an EA for 10 years history data(1999 to present), but that doesn't mean the optimized parameter will work for next year, next month, or even tomorrow. So, if you were to use optimized parameter on any EA, be sure you continue to work on the optimization every now and then. Atleast once every 3 weeks as market sentiment change. The same amount of take profit that works for today may not work for tomorrow.
7) Indicator wise, If you chose an anti trend indicator chances of getting a lot of nasty trades that will lose pips is great, but you'll get a lot of trades and profits in very short time, as market goes to the wrong direction, you fire bigger lot size to make it up for the previous loss trade. However, if you use a trending indicator, you'll get less trade as your EA hit most of the take profit. Your initial lot always went in to profit, until 1 day market decided to make a huge turn around, and there goes your account.
So, I guess this is all about 10point3. Its a simple, dumb, but useful EA that will definitely do the job. It has no mercy to close off all trades when overall profit reaches certain amount. It doesn't have emotion problem, because it will follow exactly what you've preset in the parameter. 50pips? No problem. 10p3 will open a martingale position every 50pips, provided if market can make 26pips retracement on your 2x Multiplier, you have no problem with this EA. Hope this help.
Regards,
David