MQLme Expert Advisor (By MQLme)
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MQLme Expert Advisor Discussion
Oct 13, 2016 at 06:38
Member Since Feb 14, 2015
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.
Oct 13, 2016 at 06:43
Member Since Jun 22, 2016
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
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
Do what works
Member Since Sep 25, 2016
11 posts
Member Since Mar 06, 2016
3 posts
Member Since Feb 05, 2016
31 posts
Oct 13, 2016 at 12:46
Member Since Jun 22, 2016
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
I don't even know these guys, i run my own and follow similar process
Do what works
Oct 14, 2016 at 06:23
Member Since Feb 01, 2016
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.
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.
Oct 14, 2016 at 06:25
Member Since Oct 30, 2014
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.
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.
Member Since Sep 08, 2016
13 posts
Member Since Feb 12, 2016
52 posts
Oct 14, 2016 at 19:47
Member Since Feb 12, 2016
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.
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.
Oct 15, 2016 at 20:12
Member Since Feb 01, 2016
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
Member Since Sep 08, 2016
13 posts
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