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MFM5 (bei ex4systems)
Der Benutzer hat dieses System gelöscht.
MFM5 Diskussion
Jun 27, 2015 at 19:24
fer_LF posted:
Yes I know, but I think that if we put Download settings TRUE, this work to put buy or sell will be made by the vendor...I want to believe that....[/quote
That may be. However, MFM4 almost always traded long. We need clarification from the vendor.
"Risk means more things can happen than will happen."
Mitglied seit Jul 23, 2014
22 Posts
Jun 27, 2015 at 19:52
fer_LF posted:
That may be. However, MFM4 almost always traded long. We need clarification from the vendor.
If Download_Settings is set to true "Side" is downloaded. You do not need to adjust any of the settings, the EA is fully automated.
If you are going to use your own settings I would recommend against only buying in an up trend and selling in a down trend. Markets range most of the time, if the market is high, it is in danger of falling and not returning. It would be a better idea to short then (counter trend trading) The strategy has nothing to do with trend, trend is unreliable unless you have some fundamental reason to beleive that the market is going to keep trending.
Mitglied seit Mar 31, 2014
192 Posts
Jun 28, 2015 at 03:18
I left everything to default except stop loss. ( changed to 1 ). Not having stop loss is just wrong.
ben@
Mitglied seit Jul 23, 2014
22 Posts
Jun 28, 2015 at 23:20
bracker posted:
I have a question for you guys. In Time_Start the correct format obey UTC notation? I ask because the time zone changes, like you know
Time_Start is an integer, you only type numbers. (0-2359)
You time zone is not relevant, if your Time_Offset has been set properly, a Time_Start of 0 (00:00) will always equal 5pm New York time.
Mitglied seit May 20, 2011
694 Posts
Jun 29, 2015 at 01:16
MFM5 in today ! Very excited for this !
Mitglied seit Mar 31, 2014
192 Posts
Jun 29, 2015 at 08:48
My MFM5 lost about 2% with 3 stop losses... Im using default settings with stop loss set to 1.. Vendor account had profit...any idea why?
Was it just me or it did happen to he rest?
Was it just me or it did happen to he rest?
ben@
Jun 29, 2015 at 08:58
No it happened to me as well. $10,000 lost on a demo account over night on the new one, and I too had used a stoploss setting thinking it would be safer (as previous month I lost 28k on a demo in ONE trade without stop loss).
If the vendor can explain if stop loss is not set correct, would be good. I have removed SL for now on demo mode. If we set no stop loss, how is this EA protecting us against 28k drops like I suffered previous?
If the vendor can explain if stop loss is not set correct, would be good. I have removed SL for now on demo mode. If we set no stop loss, how is this EA protecting us against 28k drops like I suffered previous?
Jun 29, 2015 at 11:27
I started up MFM5 version over the weekend and had great trades last night with Tallinex. Several excellent TP hit for some nice pips.
I am using the auto downloaded settings....I am not changing the default settings at all. Would expect others should do the same.
I am using the auto downloaded settings....I am not changing the default settings at all. Would expect others should do the same.
Mitglied seit Mar 31, 2014
192 Posts
Jun 29, 2015 at 12:27
Could vendor come please and explain? todompoll says he had great trades and Jared77 and myself had stop losses? how is that happen? ( the only point here is I put the stop loss to Automatic (the rest is just the same ).
Should not the system be more standard? Now we are getting quite different results than Vendor. ( during MFM4 I had more similar trades than on MFM5)
Regards
Should not the system be more standard? Now we are getting quite different results than Vendor. ( during MFM4 I had more similar trades than on MFM5)
Regards
ben@
Mitglied seit Jul 23, 2014
22 Posts
Jun 29, 2015 at 13:09
bundesrepublik posted:
Could vendor come please and explain? todompoll says he had great trades and Jared77 and myself had stop losses? how is that happen? ( the only point here is I put the stop loss to Automatic (the rest is just the same ).
Should not the system be more standard? Now we are getting quite different results than Vendor. ( during MFM4 I had more similar trades than on MFM5)
Regards
As I said in the setup tutorial, stop hits are rare, but if you are using a hard stop it will happen sometimes. I also stated that I do not use a hard stop and I do not recommend that you do.
Exit strategies are often more complicated than a simple stop loss. The EA is not a "pray for return" EA, it will cut losses. If you are not comfortable with the risk, reduce your lot size, the EA will not blow the account at default lot sizes.. I only put a hard stop feature into the EA because many of you will complain about not having a hard stop. Listen to me and leave the Stop_Loss set to 0.
The EA was designed to use a hard stop, so if you choose to, you will still make money, however the results will be slightly different. Also, the EA looks at the broker's recent spreads, so trades will vary from broker to broker.
I've been busy setting up the New EA and missed the Yen news release yesterday, significant news releases are rare on Sundays. Had I seen them, I would have shut the Yen's down. That's what caused the volatility in the market yesterday. Fortunately most of you benefited, I had one trader that made 30% yesterday with ICMarkets.
Mitglied seit Mar 31, 2014
192 Posts
Jun 29, 2015 at 16:10
Thanks ...
I will set all the stop losses to " 0 " and put customes lot sizes. I think at the same time we would have the same settings as yours with lower lot sizes.
Thanks again for your support ex4systems.
I will set all the stop losses to " 0 " and put customes lot sizes. I think at the same time we would have the same settings as yours with lower lot sizes.
Thanks again for your support ex4systems.
ben@
Jun 29, 2015 at 20:18
agreed ex4sysytems, but what do you think of 2 x 28,000 losses on my 100k demo from previous version due to no stoploss? should we have to monitor this EA or put a very large stop loss in to try and limit those risks or do you think your new EA is vastly improved?
Mitglied seit Jul 23, 2014
22 Posts
Jun 29, 2015 at 21:46
jared77 posted:
agreed ex4sysytems, but what do you think of 2 x 28,000 losses on my 100k demo from previous version due to no stoploss? should we have to monitor this EA or put a very large stop loss in to try and limit those risks or do you think your new EA is vastly improved?
What was your lot size?
