Expert advidor - The Money Reaper

[ElectricSavant]

Chhico,

What leverage do you have with your dealer? When you say earning 20%..is that after deducting your unrealized P/L?

ES

Hi all traders.. I am sharing here my personal EA for MT4 which is earning more than 20% monthly from January.. Use it only on EUR\USD timeframe M15... Money management is 0.01 lot each 5000 of balance.. Enjoy it and good trading..

 

[chhico]

I use cent accounts with leverage 1:1000 and standard account 1:500 that is enough with my system... cent accounts are very good to start with because you can use 50$ and trade like 5000 cents

 

[ElectricSavant]

Your system just netted me $62.32..it is running smoothly.

ES

I use cent accounts with leverage 1:1000 and standard account 1:500 that is enough with my system... cent accounts are very good to start with because you can use 50$ and trade like 5000 cents

 

[chhico]

I apologyze because I didn't introduce myself... I am a 10 years expereinced italian trader... I have been trading forex manually using VSA and VAP till a couple of years ago when I decided to try to automate the strategy... what the EA tries to do is to imitate the movements that we can see each single day on the charts: accumalate positions and trend, accumalte positions and trend, and again and again... it is everything about staying there in the market at the trend moment and monetize the waiting... talking about the time... usually I use it starting from 19 GMT+1 on monday and I keep it runnin 24 hours till 9 GMT+1 on friday... I do something different only if there is any big economic news or central banks speeches... I stay away from the market if the next day there is a national holiday in USA or in Britain.. what we want is move so we stay away if we know that it won't...

 

[ElectricSavant]

chhico,

Ok I am onboard this automation train. Can $500.00 trade 0.01 in 500:1? What kind of drawdowns have you seen?

Perhaps it would be helpful for us to test the times I suggested in this thread. To do something different than you...this way we can compare DD's

ES

I apologyze because I didn't introduce myself... I am a 10 years expereinced italian trader... I have been trading forex manually using VSA and VAP till a couple of years ago when I decided to try to automate the strategy... what the EA tries to do is to imitate the movements that we can see each single day on the charts: accumalate positions and trend, accumalte positions and trend, and again and again... it is everything about staying there in the market at the trend moment and monetize the waiting... talking about the time... usually I use it starting from 19 GMT+1 on monday and I keep it runnin 24 hours till 9 GMT+1 on friday... I do something different only if there is any big economic news or central banks speeches... I stay away from the market if the next day there is a national holiday in USA or in Britain.. what we want is move so we stay away if we know that it won't...

 

[chhico]

minimum is 5000 to trade 0.01 with 500:1.... maximum drawdown I experienced is about 30%... the only thing it can suffer is too much laterality but it is quite simple to avoid too much exposition closing manually some positions at the top or at the down of the range depending from the side we are exposed.. I will show how to do with some live pictures while it will happen

 

[ElectricSavant]

up $122.14....+$19.56 float...all the sells are gone
11 trades left...but some are 0.02 size

minimum is 5000 to trade 0.01 with 500:1.... maximum drawdown I experienced is about 30%... the only thing it can suffer is too much laterality but it is quite simple to avoid too much exposition closing manually some positions at the top or at the down of the range depending from the side we are exposed.. I will show how to do with some live pictures while it will happen

 

[ElectricSavant]

Well Folks. I am back. My day of trading the ES & ZB netted $243.00 with 1 contract after commish. I am trading the Gauntlet at Earn2Trade to get funded and trade their money. This was my first day to trade for Earn2Trade and it went well.

Money Reaper was running while I was trading (I love automation) and this is what It did:

Balance: +136.76 Float: -3.01

Margin: $13.44, Free Margin: $1,940.20, Margin level: 14,533.86%

 

[chhico]

Bro... this is an ATM machine!

Yes it is bro...

 

[j109sb]

From what I can tell the bot just increases it's exposure as soon as it goes through a drawdown to 'float' itself. Vulgar gambling bot add to the martingale trashheap I'd think.