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2100033452-NightScalper
på
Trading System
Jan 10, 2016 at 19:30
In case anyone is wondering, he's using my EA "MFM5" You can purchase the EA for $99.
MFM5
på
Trading System
Jul 02, 2015 at 15:46
MFM5 is an improved version of MFM4. You can log into your account and download the new version for free.
MFM5
på
Trading System
Jul 02, 2015 at 12:40
I've started a new thread for MFM5, being that this thread was mostly for MFM4. You can find the thread here:http://www.myfxbook.com/community/trading-systems/mfm5/984946,1Also the fxbook system has been reset:https://www.myfxbook.com/members/ex4systems/mfm5/1292755
MFM5
på
Trading System
Jun 29, 2015 at 21:46
What was your lot size?
MFM5
på
Trading System
Jun 29, 2015 at 13:09
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....
MFM5
på
Trading System
Jun 28, 2015 at 23:20
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.
MFM5
på
Trading System
Jun 27, 2015 at 19:52
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.
MFM5
på
Trading System
Jun 27, 2015 at 16:17
There is an explanation as to how the new stop loss works in the second tutorial in the members area.
MFM5
på
Trading System
Jun 27, 2015 at 15:40
You may need to clear your browser history so all the images display properly in the members area. I don't have any time stamps in yet.
MFM5
på
Trading System
Jun 27, 2015 at 15:37
You can log into your account and download MFM5 now. I'm not going to send out emails until all the site design work is finished. Hopefully by market open on Sunday.
MFM5
på
Trading System
Jun 27, 2015 at 15:32
MFM5 is up and functional. I still need to do some site design work.
MFM5
på
Trading System
Jun 27, 2015 at 15:30
The markets are always changing. The idea is to keep up with them.
MFM5
på
Trading System
Jun 20, 2015 at 10:58
You can shut it down if you would like, but there is no reason to.
MFM5
på
Trading System
Jun 20, 2015 at 10:56
No. MFM4 still works, MFM5 is better...
MFM5
på
Trading System
Jun 20, 2015 at 10:33
The upgrade will be free.I feel that I over updated MFM4. It was trading less but still hitting all of the losses. The EA did much better back in December and January when the strategy was simpler. I'm improving and simplifying MFM4 and releasing it as MFM5, probably this weekend. After that, the EA will not change, except for settings.The first week test went very well, 22% in one week. I wasn't going to update the fxbook account until I was done with MFM5, because I knew people would start asking me about it, but it took longer than I thought.
MFM5
på
Trading System
Apr 25, 2015 at 16:44
English is the only language that I speak, I was born and raised in the US. On the other hand, math always was my best subject... I generally only communicate through email, because every now and then I get some jealous weirdo that tries to start an argument with me in a public forum.To everyone else:There is a reason that my EA does not crash in live trading like other Asian scalpers. I found the answer, but I'm not going to give this information out. If someone else ran the EA and crashed the account, I cannot tell you what they did wrong. The 18% drawdown that I received in December was...
MFM4
på
Trading System
Dec 20, 2014 at 10:28
There never was an MFM1 or MFM2. MFM3 is still functional. I didn't feel like coming up with a new name for my new EA, so I called it MFM4. If I would have forced all of my MFM3 traders up to MFM4, many of them would have been unhappy, because MFM4 is a very different EA. I stopped sales of MFM3 because it doesn't make sense to promote two EAs. Plus, MFM4 corrects many of the issues that I came across running MFM3.I work hard on my EAs, and they work very well for most traders, people like you just want to believe that everything is a scam, because you cannot stand that I created somet...
MFM4
på
Trading System
Dec 19, 2014 at 22:33
I had a VPS issue yesterday. There were 3 copies of MT4 open on my VPS, but only one was visible. Once I realized what was going on, I set the TPs to neutralize and changed the password with my broker to stop further trading until I figured out what was wrong. The trades neutralized but it jacked up my draw down.
MFM4
på
Trading System
Dec 19, 2014 at 22:33
MFM3 and MFM4 are two different EAs... There is no upgrade.Buy the way, I sell 10+ copies of MFM4 a day, I don't need your money.
MFM4
på
Trading System
Dec 18, 2014 at 07:20
This person is demanding a free MFM4 account and threatening me with bad reviews if I do not comply, I do not respond... The stats in myfxbook account speaks for itself.
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