The state of affairs...
Introducing Four EA's
- Thread starter ElectricSavant
- Start date
- Status
A snapshot of the latest equity/balance.
The fantastic four are making a move...
Here you go....(were floating +$63.64 at the moment).
For triple your enjoyment ☺
Start Capital: $1,000.00
# of Calendar Days Traded: 16 (Start = 01/04/12)
Profit: $142.56
Float: +$1.20
NAV: +$143.76 Percent: +14.38%
Start Capital: $1,000.00
# of Calendar Days Traded: 16 (Start = 01/04/12)
Profit: $142.56
Float: +$1.20
NAV: +$143.76 Percent: +14.38%
30% Drawdown to triple your capital in one year...If you do
not like the drawdown then back down the risk (Input in
each EA) from 5 to 1 (these are percents) on each of the four EA's.
not like the drawdown then back down the risk (Input in
each EA) from 5 to 1 (these are percents) on each of the four EA's.
Start Capital: $1,000.00
# of Calendar Days Traded: 20 (Start = 01/04/12)
Profit: -$69.51
Float: -$38.14
NAV: -$107.65 Percent: -10.77%
Margin Used: $20.80
# of Calendar Days Traded: 20 (Start = 01/04/12)
Profit: -$69.51
Float: -$38.14
NAV: -$107.65 Percent: -10.77%
Margin Used: $20.80
sir, i wanna ask this . because i'm newbie .since i new using ea, i dont understand what is this mean ? on ea properties
magic,
user slippage,
user tp,
user sl,
use_tp_sl
profit_lock
money management
min_lots
riskk
progression
length
deviation
shift
if u dont mind please explain, thanks
magic,
user slippage,
user tp,
user sl,
use_tp_sl
profit_lock
money management
min_lots
riskk
progression
length
deviation
shift
if u dont mind please explain, thanks
Quote from aportnoy:
aportnoy,
First of all welcome to ET and welcome to the world of loser-trading in the wild west of retail spot forex.
Remember... I did not code these EA's and I am not a coder. But I will try to help. Please do not ask me to code EA's as I do not and please do not ask me for trading advice because I am a loser...let's keep it like that ok?:
sir, i wanna ask this . because i'm newbie .since i new using ea, i dont understand what is this mean ? on ea properties
magic, If you load this into an account and you use more than one EA this becomes very important and keeps the trades separated and does not mix up or intermingle the signals. Use a unique number here to keep em' separated...
user slippage, this is sort of say...."boundries"...this is like a buffer for you to get filled at another price other than what the EA calls for. If you set it to tight you might not get filled..if you set it too loose you give your dealer a free hand to fill you where he may.
user tp, take profit or target exit.
user sl, stop loss. if you do not know what this is then you should not be trading. It is an exit that is automatic when your trade goes against you...it is sort of a threashold or a fail-safe mechanism to get out when the getting out is good!
use_tp_sl use take profit or stop loss..it instructs the automation to use your settings for the TP and the SL...perhaps there is another routine within the EA to choose from...for example an indicator based exit. Sometimes there is nothing else...then you ask then why is it a choice?...Many coders are cut and paste coders and include generic "chunks of code" in their EA's that are never used or commented out.
profit_lock this is another term for a trailing stop.
money management This is a term for determining your lotsize..usually a percentage of your balance...you increase your lotsize during the winning times and decrease during the losing times. There are schemes where this is reversed...anything can be programmed.
min_lots this is for those dealers that have a minimum trade size like 0.05. Forex is so fragmented and different dealers offer various rules within the MT4 platform causing difficulties for a programmer to write EA's to work on all of the various dealers. There is an attempt made in freelance programming to creat an EA that works with many different dealers.
riskk this sets the money management percent of balance.
progression this is a martingale type of scheme or a pure martingale multiplication to increase lotsize...sort of like a casino system. There are various ways besides just doubling each previous trade to use here. It is up to the programmer to assign what the various inputs might be here. He will usually establish several sub routines to be called up here according to your input and his label. He could assign the input 1 to be pure martingale...2 could be D'Alemebrt progression scheme, 3 could be an increment of +1...etc...
length this is used in the EA. this can be define whatever the EA is using it for...it is a settable variable.
deviation an opposing signal like a rubberband...this is settable.
shift this moves everything forward one candle, bar or timeframe increment. Its like a one period delay for the executable signals to use, if set to 1.
.
if u dont mind please explain, thanks
aportnoy...Do not try to grasp this all at once. Do not worry if you are totally confused. Take it a step at a time and you will be well on your way to losing loads of Money in Retail Spot Forex. ☺ There are hundreds of people reading this thread and trying EA's...some know what they are doing and others do not. At least aportnoy you are tackling the hard part just now and do not get doscouraged....you will have plenty of time to lose money when you start understanding EA's....perhaps you can even become an EliteTrader☺
aportnoy,
I am asked...Electric what are you posting?
aprotnoy wants to make money in Forex!
Well...I can tell you that you will lose money first before you make it. There is not one trader I know that wins right out of the gate and never experiences...losing days, months even years... some traders do not have the passion to survive.
You said you were a newbie...so prepare to lose while you are learning...get in there and get your feet wet and give the dealer some money!
Do not trade these four EA's as they are underwater at the moment...They are wildley swinging about because I need to use a 1% risk setting...I am overtrading.
ES
I am asked...Electric what are you posting?
aprotnoy wants to make money in Forex!
Well...I can tell you that you will lose money first before you make it. There is not one trader I know that wins right out of the gate and never experiences...losing days, months even years... some traders do not have the passion to survive.
You said you were a newbie...so prepare to lose while you are learning...get in there and get your feet wet and give the dealer some money!
Do not trade these four EA's as they are underwater at the moment...They are wildley swinging about because I need to use a 1% risk setting...I am overtrading.
ES
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