1. Avoid manual trading altogether, as it can quickly deplete your capital, including the funds in your bank account.
2. Limit your market monitoring to avoid the temptation to make trades based on emotional impulses.
3. Don't invest excessive funds in the forex market using high leverage. Instead, rely on the power of compounding, since if $100 can't become $200, then $10,000 won't become $20,000 either.
4. Use a VPS (remote desktop) to place EA trades instead of relying on a home computer.
5. Remove the MT4/5 mobile application from your phone to prevent unnecessary exposure to the market.
6. Prioritize your business or job that generates the funds you invest in the forex market.
7. Follow a disciplined trading plan to maintain consistency and avoid impulsive decisions.
8. By adhering to the above guidelines, you can fully leverage the potential of my EA and lead a stress-free life.
Hey, one little question. When doing backtests I've noticed that the performance was lackluster in 2020, but excellent in 2021 and 2022. 2020 was a year of strong growth, while 21 and 22 were more of a range instead. Does that mean this EA doesn't work to its full potential in strong trends, since it's looking for reversals? I think maybe that's another angle to try and improve it, since strong trends are very easy to take advantage of normally, and it's a bit of a missed opportunity to not exploit them with the EA.
Opened a trade for me recently, unfortunately it SL'd. This bot is very good at entering just before huge movements, only it doesn't always get the direction of the movement right
hi shiavan, sorry for my english but i'm using google translate
,
I have seen that by backtesting with various brokers the results change, have you ever tried to use the expert on the metaquotes demo account and use an external program to copy the market entries to your broker. i think the results could be better.. i'm trying it i'll keep you updated
my settings are: compounding 250 takeprofitt 150 stop loss 100
the program is called socialtrader tools
ter il tuo messaggio qui. Scopri come chiamare un determinato utente, inserire un'immagine o un codice You can also simply drag an image to the text or insert it using Ctrl+V
Does it have magic number option?
The magic numeber specified in the code is "2709". So if you wish to place another EA on the same account then don't use this magic number
The magic numeber specified in the code is "2709". So if you wish to place another EA on the same account then don't use this magic number
and if I want to trade 2 sets for this EA in the same account?
and if I want to trade 2 sets for this EA in the same account?
You cannot do it. This EA works only on Gold. I don't understand logic of adding 2 set of the same EA on same account
Is it ok with Leverage 1:20?thx
Yes but need to change the compounding value.
What Timezone Settings is needed for Broker Location New York, which should be GMT-4
For what is that setting used?
Hi Bro!
I saw in metatrader 4 had update version. How about Metatrader 5 have update version?
Hi Bro!
I saw in metatrader 4 had update version. How about Metatrader 5 have update version?
Will update the new version in 1 hr
Unfortunately not any trade at all since from early morning.
What can be the reason? Time settings (see my question above...)?
does it actually takes trades? or am i doing something wrong
No Trades executed since Monday. Just wait and have patience
hi shiavan, sorry for my english but i'm using google translate
,
I have seen that by backtesting with various brokers the results change, have you ever tried to use the expert on the metaquotes demo account and use an external program to copy the market entries to your broker. i think the results could be better.. i'm trying it i'll keep you updated
my settings are: compounding 250 takeprofitt 150 stop loss 100
the program is called socialtrader tools
ter il tuo messaggio qui. Scopri come chiamare un determinato utente, inserire un'immagine o un codiceYou can also simply drag an image to the text or insert it using Ctrl+V
Does the EA start automatically or does it have to be started manually?
Automatically