Thank you for your lovely answer. I pointed out that the NONSENSE statement was a joke. (I do know what grabs people´s attention. ;-) I´m sure you will agree that that little bit of spice worked very well. :-)
I will reply to your reply later. In the mean time, have a nice Sunday.
Haha, you got me there. Seeing the nonsense actually got my blood burning.
Cant stop laughing at myself. Oops, I got it wrong then. My somewhat remorseful and shameful SORRY.
I hope to hear from you soon then. Enjoy the day too.
Scalper with Automatic Parameter Setting
Would you like to have an Expert Advisor that could automatically calculate trade parameters and adjust to the current market situation?
We present you our new development for the Forex market. This is a tick scalper for МТ4 and МТ5 - TickSniper.
Trading with it is fully automated. Forget continuous monitoring - this Expert Advisor trades independently. Its settings have been optimized over the course of testing on our real accounts.
Ermou Street rather than an expert or an indicator is a all-in-one trading assistant easing your trading sessions by providing signals and notifications. It's an assistant rather than a robot - "an assisted steering rather than an autopilot", and now, it autoadjusts itself to any instrument, any timeframe & any circumstance.
First, you should watch the video. Then here's some explanation:
By default, attaching Ermou Street to a chart, you’ll get:
A panel Signals: buy (default b
This is a half scalping system that analyzes the market using a transmission function and price movement speed.
This Expert Advisor is intended for trading on EURUSD, however it can run on other currency pairs. Please use the M1 timeframe.
You should optimize only two parameters: Seconds_to_move and TradePrice. It is sufficient to optimize Bobra Adept only once, for example, for a half year period. After that, Bobra Adept shows good results on a forward period (or backward in my case). This ca
The main purpose of the indicator is to detect and mark trade signals on the histogram of the Awesome Oscillator according to the strategies "Trading Chaos, second edition" and "New Trading Dimensions".
The indicator detects and marks the following trade signals:
"Two peaks" - Divergence. The signal "Second wise-man" - third consequent bar of the Awesome Oscillator after its color is changed. The histogram crosses the zero line. The signal "Saucer".The indicator includes a signal block th
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
The Expert Advisor uses the strategy of trading the Fibonacci levels. As the basis for placing a grid, the EA uses the ZigZag indicator (included in the standard MetaTrader delivery).
First, the EA determines the trend direction. To do that, according to the Dow theory, it uses the last two Highs and last two Lows of the ZigZag.
If the last High is higher than the previous and the last Low is higher than the previous, the EA considers the trend to be ascending. If the last High is lower
The Synchronized Charts script allows comparing bars of different symbols or different periods of the same symbol.
Attach the script to a chart and move bars or change the scale, all opened chart will move synchronously with the current one. The bars on different charts aligned to the border according to their open time.
My Money Manager like a risk controller, which places your trades with the exact volume that meets your desired stop loss risk.
It can also help you to preview your EP/SL/TP levels before placing an order by dragging these levels directly on a chart, and keep reporting about them during the position opening.
With this tool, you will feel more comfortable when deciding to open orders, as well as forecasting your profit/loss with your orders. Placing orders is a very precise and profe
This indicator incorporates the volume to inform the market trend. A warning system (chart, SMS and e-mail) is incorporated for warning when a certain level is exceeded.
Developed by Marc Chaikin, Chaikin Money Flow (CMF) measures the amount of Money Flow Volume (MFV) over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back
This indicator has been created by a former hedge-fund employee and it automatically identifies when a divergence occurs between price and an oscillator. It can identify both bull and bear divergence and it is pre-loaded with four of the most popular oscillators. You can choose from RSI, MACD, Stochastics and CCI.
Remember: When a divergence occurs, it means that price and momentum are not in agreement. And divergence signals are widely used by institutional traders to identify potential revers
The iTicksChart allows you to create custom tick charts. It is suitable not only for trading but also for analysis of tick history. Each missed or ambiguous tick is fixed and displayed on the chart. Experts, indicators, graphical objects can be used for technical analysis.
Advantages and Features
runs and works at any open chart window (called "base chart" further on in this document); looks like a common chart after launching (see Screenshots); history quality is monitored - each missed o
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is designed for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automatically. The robot does not open n
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
The Sane Reversal indicator is one of the leading oscillators. The signals are generated early, unlike in other indicators which give the signal after the price goes far away in either direction. The indicator displays the price reversals using arrows with high accuracy. The arrows appear on the zero bar and do not flicker of disappear regardless of the market volatility, which allows to trade effectively with short stop losses:
the Buy signal - white arrow on the bar Low,the Sell signal - red
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the marke
This is a highly accurate, universal, multitimeframe instrument for traders following supply and demand levels.
Each chart candle is in fact a cluster – the smallest unit of market data on a price movement and a volume/effort put into this movement. The combination of these clusters (the chart itself), as well as different combinations of clusters on various timeframes provide sufficient data for analysis.
The indicator displays peak levels of activity formed by the maximum volume, tracks the
The Trade Manager Pro EA is a MetaTrader Expert Advisor that performs position management for you avoiding human errors and enhancing your trading activity.
Amazingly easy to use Trade easily from the chart Trade with precise risk management, hassle free Capital preservation is top priority Let profits run without your attention Enjoy risk-free trades as soon as possible Automatic trailing stops for all opened trades Initial stop losses are placed as soon as trades are
This trading panel has been developed for fast and comfortable operation of the financial markets. It is equipped with the necessary functions for manual and semi-automated trading. Due to the presence of the order trailing feature, trailing stop and automatic closure by equity, profit, time. You can use it to automate your trading system. All you have to do is open a position and set the parameters for maintenance, everything else will be handled by the EA. If you want to limit your losses, set
A script for opening a grid of orders
If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script.
Run the script on a chart.
Language of messages displayed (EN, RU, DE, FR, ES) - language of the output messages (English, Russian, German, French, Spanish). Price for open - open price. If set to
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
VirtualTradePad - is a contol panel for working with orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, tralling stop.
VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest.
The panel consists of 5 tabs.
VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for
Fast Copy MT5 allows you to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4
* For the MetaTrader 4 terminal — Fast Copy MT4
* For the MetaTrader 5 terminal — Fast Copy MT5
** Before the purchase, you can test the program by downloading the free demo versions — Fast
Cluster analysis of volumes is now available in MetaTrader 5!
The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price.
There are 6 criteria of cluster generation:
Time interval, the criterion is set in seconds. Price range, the criteri
This script help user record the value of Moving Average and OHLC at the moment once deals happen.
The datas save as .CSV format file so you can quantitative analysis someone's trading.
Please input value of MA's parameters you like. It tells you the path of data file when script is stopped.
The indicator determines the inside bar and marks its High/Low. It is plotted based on the closed candles (does not redraw). The identified inside bar can be displayed on the smaller periods. You may set a higher period (to search for the inside bar) and analyze on a smaller one. Also you can see the levels for Mother bar.
Period to find Inside Bar — the period to search for the inside bar. If a specific period is set, the search will be performed in that period. Ty
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
Note: Demo version for testing can be downloaded at: https://www.mql5.com/en/market/product/5006.
Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
Active Lines helps you easily organize various tr
Open interest (current) is the total volume of effective contracts (futures, options) for which there have been no calculations yet. In MetaTrader 5 an open interest is displayed as "Open Interest" in "Details" tab of the "Market Watch" window, but it is not available as an indicator. This product displays the open interest as a candle chart for all trading instruments for which it transmitted to MetaTrader 5.
Easy to use - it does not have any specific parameters. Color and le
Its just about who presses BUY and SELL and CLOSE at the correct time so here you have it all in just one line.
Of course every strategy can be changed to be profitable in some period of time, but there is NO PROCEDURAL strategy that can be profitable all the time.
Just not exists, whatever you say - it's NONESENSE and if you can't understand this then go ahead and try to do it. I can guarantee your failure without trying all the options.And to the smart guy that claims that I can not disprove if I don't try all possibilities - you can not prove any strategy will be always profitable because you need to live forever into the future.But let's settle for one year from now, show me an indicator that is forward profitable for one year on every symbol.
When I decided about 26 months ago to start trading I read about 12 books. Technical Analysis for Dummies, Day trading for Dummies, Japanese Candle sticks for Dummies and a few other technical analysis books. I did not know about the 10 000 hours theory at that time. I then practiced on the Demo platform for about two months and went live on my real account. I lost 42% of my initial deposit in 2 and 1/2 days. Then I stopped. I realised I was going to lose my total deposit if I were to carry on.
While reading the literature for day trading I came across an internet article that very clearly states that you have to be profitable on the Demo before you go live. I think I also saw that advice or rule in other articles too.
So, I realized I have to do that.
About a year into demo trading (I demo trade 16 and 1/2 hours per day - I basically sleep and trade during the week), a friend of mine told me about the 10 000 hours theory. So, I googled it. The 10 000 hours is an average. It is obviously not a magical number. It could be less, it could be more. I am now on 8600 hours. I personally think the 10 000 hours theory has merit.
I want to be profitable every single day. That is my aim.
I decided that I will only go back to live trading when I can at least succeed in trading 5 days in a row and make a good profit every day. The literature states 3 to 6 months profitable on the Demo before going live. A good profit for me is minimum 15 basic pips per day. 200 Pips being the basic number of pips needed to double your money on 50 leverage trading the EuroDollar, means I am looking for 7.5 % profit per day.
I believe I can do that. I can clearly see that it is possible with my indicators. I just have to get to the right time frame - which is a longer time frame than the M3 I start with currently. At the moment I am on break-even. I hope to be positive at least 15 basic pips per day in the next three to four weeks. I know very well and I am quite prepared that it could turn out to be three to four months. I am confident that I will eventually get to be positive every day - even 10 basic pips (5%) positive every day will be fine with me. Eventually is not three to four years in my estimation - at the moment. I hope I am not compelled to change that in the near future.
I am not going to spend more time trying to improve the accuracy of the indicators I use. They are accurate enough for 15 basic pips (7.5%) profit per day.
I know by now that the 5 profitable days on the Demo is not a valid threshold for going back to live trading. If one or two or three of those five consecutive days are straight UP or straight Down days( no intra-day reversals), then that period should not count as the 5 valid days. It should be 5 days all with at least 2 or three intra-day reversals in each of them.
I feel I will know after 5 profitable days on the Demo whether those days were valid days with at least 2 reversals per day. Then I will go live.
I disagree with a number of items in trading. How can you only risk 2% of your capital in a single trade? You limit your risk by always having a stop loss. I risk 100% of my own capital all the time. We are here for risk. If we were very risk averse, we would go to passive investing.
When I have a trading plan with which I aim to be profitable every day, then I have good indicators. When I enter, I am certainly with the trend most of the time. My stop loss is thus adequate to limit my risk. I trade starting on the M3 chart - at the moment. When I see I am wrong, I get out immediately. An 8 pip (4%) loss is a big loss for me.
I only work in basic (200) pips. No matter how big the real values would get, I will only work with the basic 200 pip cycle. It keeps things simple and manageable. I only use 50 leverage - to keep things simple and more or less understandable all the time.
At the moment I start on the M3 time frame. I am thinking of jumping to the M10 tomorrow morning. I think the best time frame for my trading plan may even be the M7, M8 or M9. It is impossible for me to know that at the moment because those time frames are not available on the MT5. I am thinking of getting those time frames done for me here on MQL5 - paying for it.
I believe that we should take some classic trading strategy and make sure that they become profitable. It seems to me that such strategy may be, for example, Alligator of Bill Williams.
Profitable on every symbol? i doubt. It might be profitable on some symbols but for all, I doubt.
We are all limited in some resource at some time. It can be capital, knowledge, etc. But time isnt abundant for everyone till eternity, so it comes back to your statement that true, no strategy, trading the same parameters will be profitable all the time because even the markets do not stay same all the time. And losses cannot be overuled from trading (except when you never use stoploss)
Sincerely, i admire your belief and reasons given. But to be sincere again, i doubt you will be profitable using the conditions you have listed here. Risking all your capital on a single trade is suicidal to your account.
I wonder if you understand what risking all your account means. it simply means that if your stoploss is hit, you lose all your capital ( i doubt that is the case but that is what risking all your account means).
I dont know if you would allow me to tackle your statements one after the other like i did in the other reply. I will need your permission to do it this time.
There are basically some things you stated that might make it very difficult to reach your goal.
Please go ahead and answer my statements the one after the other.
No, I do not lose all my capital when my stop loss is hit. I lose the number of pips between my entry price and my negative stop loss. It happens to me several times every trading day. It is going to happen a few times tomorrow. For me to lose all my capital in one stop loss hit I had to have set my stop loss at minus 200 basic Pips. I never ever do that. Remember my leverage is never more than 50. So, very generally, two basic pips are more or less one USD or more or less one Euro for me. You have to understand the 200 basic pip aspect. Trading the EuroDollar, at current levels, with leverage of never more than 50 times, means that more or less 200 basic pips equal 100%. 2 pips equal +- I USD or +- 1 Euro, very generally. If you do not understand this point, then we are not singing from the same hymn book. :-)
I use the term Risk to mean trade. I trade 100% of my own capital every time. When I enter and then set a 10 pip Stop Loss, then I have risked an absolute total of 5% of all my capital. Not a penny more and not a penny less - in very, very, very general terms. It is impossible for me to lose more than that 5% in that trade - unless the price moves so fast past my stop loss that my broker only gets me out of the market at say 2 or 3 or 4 pips further away - because of the speed of the price move and the massive volume. This never happens in normal trade.
Remember a fundamental aspect of my trading is that I only look at my screen and all movements in terms of the fact that 200 pips on the EuroDollar screen equal more or less 100% at my never changing 50 times leverage - very generally at current EuroDollar levels. Because it is the EuroDollar at current levels and I never leverage more than 50. That is the beauty/advantage of never leveraging more than 50 when trading the EuroDollar at current levels. If the Euro were to go to 3 Dollars to the Euro, the 200 basic pip equaling 100% at 50 leverage aspect would be untrue.
If you were to do the sums long hand for any trade in the EuroDollar with 50 leverage you will see that, very generally, 2 pips equal +- 1 USD and very generally +- 1 Euro. Forget the Euro. Just work on 1 USD.
80 to 95% of traders lose money over time. So, your affirmation that you modified "a number of strategies" into profitable trading plans seems highly unlikely, to say the least. :-) "A number of"????
I would say you are talking absolute nonsense. :-) :-) :-)
It seems you have forgotten that those who lose money is not because they lose all the time it is just because they dont know how to limit their losses and let their wins run.
How does one do this exactly?
Apart from setting stop-losses... (Sorry newbie here)
You can do this by closing the trade when it does not move the way you had imagined.
Do you think that the few who win, win a lot ?
I mean how many times out of lets say 10 trades do you think is a winning trade ?
How many trades do you think they place on a daily basis ?
I rarely see people talking about this yet those answers can contain key elements.