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MQLme Expert Advisor (By MQLme )

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MQLme Expert Advisor Discussion

FxMasterGuru (FxMasterGuru)
Aug 22 2016 at 13:52
1607 posts
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'.

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MQLme
Aug 22 2016 at 17:54
74 posts
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/
MQLme
Aug 22 2016 at 17:56
74 posts
@FxMasterGuru

Thanks again for your comments.

We make sure to consider your suggestions for future updates.

https://www.mql.me/
successwill
Aug 22 2016 at 18:14
247 posts
This reminds me 'Anna Forex Robot'

parlavink
Aug 23 2016 at 12:47
154 posts
I think this is not the best trades.

FxMasterGuru (FxMasterGuru)
Aug 23 2016 at 18:32
1607 posts
@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.

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MQLme
Aug 23 2016 at 21:41
74 posts
@FxMasterGuru

We are using high risk setting and with such risk and in worst case then yes you are right.

https://www.mql.me/
ZKFXtrader (ZKFXtrader)
Aug 23 2016 at 21:50
238 posts
if you can offer Trade EA, not a copier EA, I would be interested in it.

Succeed in Forex trading
FxMasterGuru (FxMasterGuru)
Aug 24 2016 at 05:20
1607 posts
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?

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MQLme
Aug 24 2016 at 07:41
74 posts
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/
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