Hi Moneyline,
I tested pedro 4 and I get rediculous figures . What am I doin wrong. Is there some other thread that I should be looking at. I went to the beginners thread and found nothing.


Many tanks for your reply.

Pedro??

jj/.

Same here JayJay.
My demo account went from $10k to under $5K in two days!
Mike4X.

There may or may not be a benefit to having MM set to false, testing it as false is simply one more element to test to see if your equity curve changes. When it is set to false then you can keep your lots at one setting but if set to true then the MM kicks in and does the amount of lots according to the size of your live or demo account.

QUOTE=moneyline]Thank you coyan, Goldensight and BluePearl.

@ Goldensight --> So if you are going to trade, what's the benefit of MM --> False?

Thanks!

moneyline[/quote]

Thanks Goldensight,

In that case I will always have it set to "false." I think a number of EA's at this forum show lots of promise. However, the day you can just set any EA to work and walk away is very far into the future...if ever!

There are so many Forex circumstances that are not coded into any EA and trading into them is hard. I've noticed many experienced traders avoid the start of the Far East market and concentrate on all of London and half of New York. I guess they seem to think a certain amount of volatility is better than trading into a thin - and uncertain - market.

Some other things EA's can't handle:

a) Financial News events: They can produce very fast spikes, best not to use your EA. Of course, not long after the news event there will be a retracement followed by a period of "flat ranging" till the market finds direction again.

b) Sudden bad news: Conflicts, wars, natural catastrophe, and most any thing (other than a, above) that can affect a country or world area.

All the reasons experienced traders pick certain times to operate should give you an idea as to where and when to use your EA. As can be seen from the above, and depending on conditions, many different strategies come into trading Forex. An EA can be a good servant, but a terrible master!

moneyline

Hi JayJay,

Can you give us more info? Like what platform and so on.

moneyline

That probe that sometimes forwardtest is the best way to probae a system...

Pedro Echenagucia

Hi Coyan,

pedroxxmod.mq4 is for MT4 and seems to do well.

DailyTrade.mq4 was originally for MT3 and I think Firedave
tranlated it for MT4

moneyline

Thanks.
What's the best?
Stop 30 and take profit 15?
Thanks

Hi JayJay,

I've been looking for the definition of "MaxTrades" for many days now and I can't seem to get anybody to just give us some definitions. BTW, if you find out what any of it means, would you post it here for us?

Thanks!

moneyline

Hi moneyline, can you refer me to your post regarding "MaxTrade" ? I will try to help if I can. Hope this help

__________________
David Michael H
"Trader helps traders with sincerity, honesty and integrity"