can provide information about EA work system and how much capital is required, suitable for any pair and time frame to see how the most stable if given the results of DD statmen quite alarming
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Hi Snoopy 1234,
can you please explain what the EA will do und how it works? What Timeframe und which settings do you use?
regards
Hello,
so first at all...it runs since one year at demo and since a couple of weeks at a real account. So let us look how it works.
Ok its a very simple grid ea. It opens trades how we put it in his settings.
This ea works with different settings. The DD will be temporariliy quite high but i am working on better settings.
f.e. EURCHF settings are grid 5 an takeprofit of 10 with max. on 20 trades. with a multiplier of 1.3851 but it never uses this many trades to fullfill his order.
Lots are used here 0.01 at a 100$ account instaforex. So you will get at this pair alone in one week 10$.
If you want to use it on different pairs so it was good to have an basketscript wich closes all trades on an global take profit.
You can use this EA on the following pairs. I think it works well:
USDCHF, EURUSD, NZDUSD, EURCHF, EURYEN, USDYEN
I testet it on some of them but not all.
All these pairs have a high daily volatility but a low monthly volatility.
Do you have an basket script or EA to close all trades at a special amount?
Do you think EURUSD has a small monthly volatility?
regards
Hello,
first, yes i have a basket script exactly an ea that closes all trades but you can handle it manually too. i can post some scripts that can close all open positions or special only buy or sell positions. thats no problem im anybody want them.
second, EURUSD has nomal a small volatility of the last 25 weeks with 352 pips. in the average of the last weeks to the 25 weeks only 286 pips thats not much. But it has a high volatility daily. That is exactly what the explosion needs.
thanks to share this information , but i think every EA are risky , i lost some money use automate trade ,so , when i see any ea post i see my past exparience . now i dont use any ea . thanks
Okay.....ea is then risky when you do not understand how it works, with wich strategy it works and how do you put your moneymanagement.
Most of the traders who uses ea´s would become a millionaire as soon as possible. They see the amazing gains in the account which was made by an ea in the first time. They mean it will be ever going on so. Thats not the thing. Therefore i let run every ea that i test on an demo and look which strategy is being used. By different ea´s like scalper the strategy or the indicators where used ist problematic to analyse. Even if they have not the same results like in demo account because the trade context is very much faster than in an real account.
So many of those traders get great eyes when they see the enormous gains at the first days and neglecting all the precautions. So the most run into ruin with ea´s.
For example you have an account with a balance von 100 $
So if you trade manual you use 1-3% of your balance or equity. Why do you use more than that by an ea?
Thats the most errors ever made that most of the traders see the massive gains and become greedily and at the end of the day there is the ruin near
by the flowing indicator not to use easy and gain profit,so if you trade by the any indicator like ea you should use its appropriately,,,,,,,,,,,,,,,,,,,