MQLme Expert Advisor (By MQLme)
The user has deleted this system.
MQLme Expert Advisor Discussion
Member Since May 04, 2012
1608 posts
Aug 22, 2016 at 13:52
(edited Aug 22, 2016 at 13:53)
MQLme posted:
Dear @aeronthomas @FxMasterGuru
Thanks for your comments. We may publish a different EA in the future which satisfies your requests.
Kind Regards
@MQLme
It is good to hear.
I guess many potential subscribers had a few unpleasant experiences with 'trade copier' services when the signal provider simply went crazy - probably under the pressure of indirectly managing hundreds of thousands of dollars in followers funds - and just blew the whole thing. Even after a year of stable and low risk trading. Subsequently they simply disappeared in thin air and probably opened shop under a new name.
When it comes to manual trading (or even EA intervention) I don't even trust myself, not to mention anyone else. For that simple reason I am biased towards EAs being fully aware of their limitations, incl. the limited value of backtesting due to potential curve fitting, a.k.a. 'The Texas Sharpshooter Fallacy'.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Aug 22, 2016 at 17:54
Sunnyday posted:
it would be very good if it is not a trade copier.
also will you consider to use it on different currency pairs so we can have more trades?
Thanks for you comment.
This EA can be used only for EURUSD pair.
https://www.mql.me/
Aug 22, 2016 at 17:56
@FxMasterGuru
Thanks again for your comments.
We make sure to consider your suggestions for future updates.
Thanks again for your comments.
We make sure to consider your suggestions for future updates.
https://www.mql.me/
Member Since Nov 18, 2015
247 posts
Aug 22, 2016 at 18:14
This reminds me 'Anna Forex Robot'
Member Since May 04, 2012
1608 posts
Aug 23, 2016 at 18:32
(edited Aug 23, 2016 at 18:41)
@MQLme
Just a little mathematics about the SL.
You mentioned in this thread: 'The maximum open positions at the same time is 2. The second trade would be opened if the first trade be in loss for at least 33 pips. The SL for both positions would be set in 200 pips from the first position.'
Currently you have two open trades each with 0.17 lots. Lets see the 'worst case scenario' when both trades hit SL:
1st trade: 0.17 x -200 pips = -$340
2nd trade: 0.17 x -167 pips = -$284
Total SL: -$624
Current balance: +$562
Hmmm... Do I sense potential margin call - i.e. total loss - even before the preset SL is triggered...?
Please correct me if I were wrong.
Just a little mathematics about the SL.
You mentioned in this thread: 'The maximum open positions at the same time is 2. The second trade would be opened if the first trade be in loss for at least 33 pips. The SL for both positions would be set in 200 pips from the first position.'
Currently you have two open trades each with 0.17 lots. Lets see the 'worst case scenario' when both trades hit SL:
1st trade: 0.17 x -200 pips = -$340
2nd trade: 0.17 x -167 pips = -$284
Total SL: -$624
Current balance: +$562
Hmmm... Do I sense potential margin call - i.e. total loss - even before the preset SL is triggered...?
Please correct me if I were wrong.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Aug 23, 2016 at 21:41
@FxMasterGuru
We are using high risk setting and with such risk and in worst case then yes you are right.
We are using high risk setting and with such risk and in worst case then yes you are right.
https://www.mql.me/
Member Since Jan 01, 2015
258 posts
Aug 23, 2016 at 21:50
if you can offer Trade EA, not a copier EA, I would be interested in it.
Succeed in Forex trading
Member Since May 04, 2012
1608 posts
Aug 24, 2016 at 05:20
(edited Aug 24, 2016 at 05:21)
MQLme posted:
@FxMasterGuru
We are using high risk setting and with such risk and in worst case then yes you are right.
@MQLme
Got it. Thanks!
Just two more final questions:
1. Are you using these high risk settings for the signals broadcasted to subscribers?
2. Is the shown backtest based on these high risk settings?
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Aug 24, 2016 at 07:41
FxMasterGuru posted:MQLme posted:
@FxMasterGuru
We are using high risk setting and with such risk and in worst case then yes you are right.
@MQLme
Got it. Thanks!
Just two more final questions:
1. Are you using these high risk settings for the signals broadcasted to subscribers?
2. Is the shown backtest based on these high risk settings?
Hi
Our live account Risk is 30.
1. The clients can set the Risk. The default Risk is 10.
2. The back test is done with Risk 15.
Regards
https://www.mql.me/
Aug 30, 2016 at 10:32
wkc5657 posted:does it uses martingale or stoploss?yaherna posted:
wkc5657, sorry what is Annaforex?
Regards.
Annaforex was a failed EA/trading signal that operates quite like what you did here...it worked very well initially but ended up miserably in few short months....
Member Since Mar 30, 2013
182 posts
Aug 31, 2016 at 14:56
I think MQLme doesn't listen the FED speaking on last Friday.
Too bad
Too bad
