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Ilan1.6 = Queens Money Collector (stopped) (By RedRhinoLab )

The user has deleted this system.

Ilan1.6 = Queens Money Collector (stopped) Discussion

cyberom
Mar 18 2015 at 07:49
96 posts
RedRhinoLab posted:
What I can tell you today to duplicate his results using Free ilan1.6Dynamic - This is old EA from 2009 and for 4 digit broker. Multiply your setting by 10.

Run on M15 TF
TP = 10 pips

If EA place Buy, it will Grid about 36 pips before next Order. with Lot Exponent 1.5
If EA place Sell, it will Grid about 36 pips before next Order. with Lot Exponent 1.5
EA only trades in 1 direction. This is why QMC use More than 1 EA, to trade in Both BUY AND SELL Direction.


Hi,

Do you suggest to place one ea with only long positions and another ea with only short position, both are different magic numbers, or do you put one ea with both positions and different magic numbers?
Thanks in advance
Your account is growing nice, congrats.
Mine too but with nzdusd drawdown is present because ea trades with buy orders actually (the trend is down)
it's why i ask you please your advice for strategy 😉

RedRhinoLab
Mar 19 2015 at 07:47
631 posts
IF one EA is selling with Magic A, you can set Magic B to Buy Only. This is just partial hedge and doesn't prevent margincall.

No safe way to trade with this EA besides, turning off EA on other pairs when 1 pair starts to Grid ( you must have enough Free Margin to allow the basket to close).

Once basket close, you can turn on EA on other pairs.

Also use Same EA on same pair, with two different Magic numbers with two different Setting ( You choose ). This way two different baskets form at different prices.

RedRhinoLab
Mar 19 2015 at 16:38
631 posts
Can we really make money with this longterm. Almost 100% gain in just a short few weeks.

 I will add what we need to make a successful martingaler here - https://redrhinofx.com/queens-money-collector-free/

RedRhinoLab
Mar 25 2015 at 10:44
631 posts
Most importantly we need to allow enough free margin for the worst basket to continue. I would have to stop the other baskets from continuing until the largest basket is closed out. ( that is what I have done with Ilan on this account since it has 100:1 leverage).

I will need to built a margin module, then I can allocate a certain % to each basket on normal days, while allocating more when needed as other pairs are shut down and put on idle.

Today, I have built 1 EA, that trades 7 pairs from 1 chart. It can trade both buy and sell direction using same magic # but now I need to find broker with unlimited Trades ( no maximum limit ) . Do you know of such a broker?

100 Max trades is common and won't be suitable for this project.

RedRhinoLab
Mar 26 2015 at 14:32
631 posts
11 Lots on $20,000 . No free margin and without a small move down on EURGBP this account will margin call. By far from fun if its your hard earned money.




RedRhinoLab
Apr 02 2015 at 06:44
631 posts
I am putting a list of all the Ilan version on my website - https://redrhinofx.com/ilan-ea-mql/
Here is a good list of Cent Account types of brokers - https://redrhinofx.com/forex-cent-broker/

You should always use the highest available leverage when using these grid type martingale systems.
Trading with 0.01 lot starting and with a $10,000 balance you can survive for very long time.

If you trade 0.01 on $1000 or less you can experience 100% gains in a few weeks but can also occur 50% DD , margin call, and blown account also. You may get lucky and be able to withdrawal your original deposit and then only risk with your profits.

You can trade either aggressive ( small balance ) or conservatively ( big balance) to suit your investment needs. Today, many traders just want profits at any cost and these free ilans are a great way to do it with out trading experience

Nick (NikX)
Apr 09 2015 at 05:39
161 posts
RedRhinoLab posted:
I am putting a list of all the Ilan version on my website - https://redrhinofx.com/ilan-ea-mql/
Here is a good list of Cent Account types of brokers - https://redrhinofx.com/forex-cent-broker/

You should always use the highest available leverage when using these grid type martingale systems.
Trading with 0.01 lot starting and with a $10,000 balance you can survive for very long time.

If you trade 0.01 on $1000 or less you can experience 100% gains in a few weeks but can also occur 50% DD , margin call, and blown account also. You may get lucky and be able to withdrawal your original deposit and then only risk with your profits.

You can trade either aggressive ( small balance ) or conservatively ( big balance) to suit your investment needs. Today, many traders just want profits at any cost and these free ilans are a great way to do it with out trading experience


Hi Rhino,

I have 1.8 reborn also to add to your site.. just let me know where to send

RedRhinoLab
Apr 16 2015 at 06:42
631 posts
thanks Nick, send through PM or to my email : support[at]redrhinofx.com

I see your account failed - https://www.myfxbook.com/members/NikX/ilan-reborn-qmc/1195146 -
With these martingale grid type strategies , we would need full attention to intervene .

Learn anything from your demo experience?

Nick (NikX)
Apr 16 2015 at 23:37
161 posts
RedRhinoLab posted:
thanks Nick, send through PM or to my email : support[at]redrhinofx.com

I see your account failed - https://www.myfxbook.com/members/NikX/ilan-reborn-qmc/1195146 -
With these martingale grid type strategies , we would need full attention to intervene .

Learn anything from your demo experience?


No problem..

Yes we are underfunded at $10K again system must be run on a cent account (unless you have a large trading budget) at $100K value

Live system with 5 pairs still running nicely https://www.myfxbook.com/members/NikX/tradefort-queen-hearts/1035732 strategy is daily withdrawls untill we have made return on initial deposit, then let it run..

RedRhinoLab
May 18 2015 at 15:19
631 posts
RedRhinoLab posted:
Can we really make money with this longterm. Almost 100% gain in just a short few weeks.

 I will add what we need to make a successful martingaler here - https://redrhinofx.com/queens-money-collector-free/


This is a free trading system and I'd recommend CENT Brokers only. learn more in the link above which includes the FREE version.

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