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MQLme Expert Advisor (By MQLme )

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MQLme Expert Advisor Discussion

WIN (ozboy)
Oct 13 2016 at 06:15
29 posts
With coming up FOMC Meeting Minutes, and strong USD, hopefully MQLme would come up with something.
Last three months trades were quite good.
Jimmylc15
Oct 13 2016 at 06:18
8 posts
fxdummy posted:
Jimmylc15 posted:
It's doing good, but if you are an emotional trader I wouldn't recommend it. Even with Risk 10 I have gone into drawdowns of -$40/50. I personally feel that the entry points could be better. I think drawdown could be limited with a better entry but that isn't to say the system is doing bad for me, just constructive criticism. I think the best thing this EA could do is re-code their Risk settings to a percentage. For example, Risk 2%, that way the max Risk on your account is 2% even with the 200 pip stop loss. Time will tell how the EA keeps up. But that is all my personal experience. They do have great support team.

Agree, I think the entry could be better. And frequently posting is important, at least we know they are monitor the open trade during the drawdown, such as this times, drawdown have been 50pip + and no action or update info.

I agree, I think it would be better if we could get updated when large drawdowns such as this one are happening. I personally don't understand the entry point on this trade as there showed no signs of price going up. The downtrend was in full effect. Regardless, an update would be nice
Jimmylc15
Oct 13 2016 at 06:37
8 posts
Currently down over $100 just using Risk 10, I understand losses but the first entry really just didn't make any sense. Then a second trade is opened fighting a counter trend and profits aren't taken. I would like some kind of explanation, Or pray that this pair goes up...
fxdummy
Oct 13 2016 at 06:38
74 posts
I agree, I think it would be better if we could get updated when large drawdowns such as this one are happening. I personally don't understand the entry point on this trade as there showed no signs of price going up. The downtrend was in full effect. Regardless, an update would be nice

I have monitored the trades with some indicator and diff. time frame chart, please correct me if I was wrong. I guess the EA is kind of grid with max 2 trade on martingale. This current opening trade, it showed 1 uptrend bar in H4 chart, and this one formed a 'morning star' at the end. That was the moment it executed a long. But I think just base on only 1 bar is not enough, except it is a big change of direction that overtake the size of the last couple of bars or showed a double bottom at the near history as support point.
Jimmylc15
Oct 13 2016 at 06:38
8 posts
EUR/USD has been in a downtrend for 2 months....It has been stuck in a wedge and finally broke support, I have no clue why 2 buys would be placed. Absolutely beyond me
Jimmylc15
Oct 13 2016 at 06:38
8 posts
fxdummy posted:
Hi MQL.me

any plan for hard stop and still waiting?

It's not coming back up, Sellers are everywhere for this. Support has finally been broken after 2 months....
iain (iainfal)
Oct 13 2016 at 06:43
3 posts
Dear MQL,

unfort my last correspondence did not get a reply from yourselves, and i would like to confirm the support for myself before i commit.

Can you please advise the following:

1/ is the amount per trade automatically calculated by the amount of funds in the trading account?
2/ what is the % profit per trade at levels 10/20/30 etc
3/ I assume that i add your EA to my MT4 as normal EA's?
4/ What is your magic number please? or can i adjust this at my end as i do not want it to interfere with my own Robots.
5/ can i pay by bank transfer or card or how do i pay??? paypal?
6/ with recent tanking of the GBP (i had a margin call on one of my accs), would you please advise what your strategy is for manual intervention for trades that dont work out, are they closed every day/week trend change etc?
7/ apart from your 2nd trade, after that how do you manage a wayward trade?

I look forward to your reply

Brgds

Iain
wilddreams
Oct 13 2016 at 06:44
11 posts
my account was not copied these two open trades. anyone faced the same issue? what happened?
kitty33421
Oct 13 2016 at 07:09
3 posts
Thank you mqlME TO reinforce us. Although If this situation is crisis but your supportation still available I think your client will feel better.
I'm still nervous to this situtation too because I have experienced with GBPUSD last week.
innovative
Oct 13 2016 at 07:13
31 posts
This is scalping strategy?
jafan16
Oct 13 2016 at 07:35
1 posts
Giving my highest recommendation to MQLme support (Mark) who went the extra mile to fix my EA MT4 issue.
I must say, this is the best customer service I've experienced in quite some time. Very helpful and encouraging.
MQLme
Oct 13 2016 at 07:42
74 posts
Dear Traders

We are here monitoring the market closely.

I'll reply all messages after these trades outcome.

You can also contact our email support anytime you may need.


Regards
https://www.mql.me/
mrf245
Oct 13 2016 at 11:30
111 posts
I think its the end of MQL.ME, you now this open are very bad positions.It was in a heavy downtrend taken!
very bad decision.
Only good news can safe you!!

good luck to anyone who follows this signal
iain (iainfal)
Oct 13 2016 at 12:46
3 posts
A lot of inexperience here with concerns, trust the system and trust the guys managing it. EUR is bouncing off support with confirmation right now. But my point is this, no EA is 100% but robust testing and a get out plan is what makes success. Chill out, let it run and watch it come back. if not today then tomorrow or next week.
I don't even know these guys, i run my own and follow similar process
Lee (leeb77)
Oct 13 2016 at 17:51
39 posts
Has this account been disconnected?
Stefan (Ipodbob)
Oct 14 2016 at 06:23
9 posts
We buy these systems because we're amateurs so it you think you can trade better why are you even following this, you should move on and trade your own accounts :P I believe in then but the risk is high but so is the reward.

This is coming off a strong support although taken a little early it is recovering. Thanks MQLme. Let's just hope this does get blown up along the way on this journey.
jimrob
Oct 14 2016 at 06:25
12 posts
Risk.

By my calculations, risk level 5 means that if both SLs are hit, I'll lose 20% of my deposit. I wouldn't be happy with that, but I accept that risk as a possibility. I think it'll happen one day, but I think that this bot looks accurate enough to mean it'll be long enough from now to be acceptable as the returns will offset, and more. If / when it happens, I'll decide whether to continue, reduce risk, or stop.

It's a shame the monitoring account has risk = 30. It means that some people are looking only at the potential gains, and not the potential downside. If you felt fear / worry / anger at seeing the drawdown today, you've got too much risk on.
PipsDearth
Oct 14 2016 at 06:26
13 posts
MQL has turned a $200 account into a $1000 account in a few months. They get into some draw down and people think that's the end of MQLme?
Hilarious.



majamivice
Oct 14 2016 at 19:47
52 posts
Hi MQLme.
I think you should take loss on Thursday when we had 4-5% drawdown. Now we'll miss hopefully much profit next week because of this drawdown and you braked the rule 'no open trade on friday'. And it seems will be long run to go. But I believe in you.
Stefan (Ipodbob)
Oct 15 2016 at 20:12
9 posts
PipsDearth posted:
MQL has turned a $200 account into a $1000 account in a few months. They get into some draw down and people think that's the end of MQLme?
Hilarious.

It's funny to watch though what risk level do you use Pips? Just curious as I am on risk 30
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