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I opened Metatrader today in the morning.
I have 18 charts H1 tf with this EA. This one was like this (on): 1on.jpg All EAs on the charts were off: 1off.jpg 2off.jpg I attached MACD Alert indicator to every chart (Shift=0). Then I got buy alert from MACD Alert indicator for GBPCAD. I looked at the chart - MACD Alert indicator is writing on the chart "42 minutes ...". So, Irealized that I have 42 minutes to decide: will EA trade GBPCAD or not. I used some indicators, technical analysis and finally decide that I will trade GBPCAD. 5 or 10 minutes before H1 bar closed I switch EA for "Allow live trading". And EA traded. It is the statement for this pair: statemenmt.jpg Then I got alert for EURCAD ("possible buy soon"). According to MACD Alert indicator I have more than 50 minutes to decide to trade or not (it was written on the chart in munites). I decided not to trade EURCAD because EA did not finish to trade GBPCAD and I can not trade 2 pairs simultaniously: deposit is too small and this EA is starting by 0.1 lot size but 1.6 lot size is coming very quickly even in flat market. So, I did not trade EURCAD. I just wanted to say that this system (MACD Alert/EA) is very comfortable to use. |
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It is not neccessarily start with 0.10 lot. Depends on which broker you are using, there is 3 different type of account this EA can handle. AccountType=0; Minimum lot size 0.10 as 100k/full contract. Brokers are MiG, NorthFinance AccountType=1; Minimum lot size 0.01 as 100k/full contract. Brokers are InterbankFX Standard account, FXDD-mini, Velocity4x AccountType=2; Minimum lot size 0.01 as 10k/full mini contract. Broker is InterbankFX - Mini account Bear in mind this only account when MoneyManagement=true; if MoneyManagement=false, Lots=0.10; will take over the decision of the lot size. Regards David
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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore I'm blogging my EA creation journal |
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] could have explained it better!!!!Great Great Great guide! |
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This EA has survived with an account starting with $78 and now has $98 so it must be directionally very good. It is running only on EURUSD and each pip is worth 1c. The recent direction that this thread has taken with multiple charts and alert indicators has pointed us in a new direction. We can now choose which trades and in which direction to trade from 18 charts, the biggest problem with 10p3 has always been direction with the real possibility of the next progression being the one that ruins the account. Now we have more choices thanks to newdigital taking up the challenge and Davidke for providing the starting place. John Last edited by yeoeleven; 12-13-2007 at 06:04 AM. Reason: Detailed statement not added |
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Please find updated statement:
10pointMACDalert.gif And it is the charts in Metatrader: cadjpyH1.jpg and this one (right mouse click and 'Refresh'): timeMACDalert.jpg I only wanted to say that it is necessary at least 20,000 deposit (or 50,000) for 0.1 lot size (and 2,000 - 5,000 for 0.01 lot size). |
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To know what is the best version it is necessary to forward test all the versions for 3 or 5 months to select the best. You can do it by yourself.
As to me so I am using this one http://www.forex-tsd.com/170322-post3096.html |
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