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Hello, Rama.
Unfortunately, I haven't been able to make profitable trades by applying the grid strategy to 4pma; the moving averages are different(looks like they are simple ma's with length 21, 34, 55, 89, 144, 233, 377) and the fibo levels are totally different. You can adjust the settings of the 4pma indicator, but I haven't been able to get it to match with the grids. So, I am not ready for an expert advisor. Maybe I will just scrap the grid strategy and figure out something using 4pma. I firmly believe that dynamic fibs are a very powerful trading tool. I will let you know of my progress. And yes traderhouseglobal--Andy Shearman is a dishonest man. Tried to charge my credit card for $1860 without my authorization--terrible. My advice to everybody:
stay away from Moneymap.
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mpower: hello!
It's nice to see your message. Thank you so much!
You are right, like Andy Sherman is a greedy one. I think there are many unscrupulos people are around. They will exploit the prevaling situation(our new bie situations).
mpower, in Yahoo forum, I found one of the EA, possibly no body heard about it. This Ea is also scalper, it's very promising EA. The results so astonishing.
The name of this EA is, that is Multi_Lot_Scalper_P_DAY.
Please visit Yahoo forum to know buzz created on this forum regarding this EA. This EA looks very promsing, may be tradable. However, at this stage it's similar to a beast, very dangerouos one. May be there is way to tame this animal. This EA places hundreds of trades (30 trades in 30 minurtes time) in very short time. Most of the time, it predicts market direction very precisely. However, once market goes against it, all of the profits are wiped away in just matter of minutes. many members of this forum also tested this EA, many of tem got results very similar to my Demo.
So, my question is, are interested in, to customize the code.
If you think you can do it, then we can discuss.
Please look at the EA your self. If you need I can send you my demo statements. With regards,
Thank you!
Sincerely,
Rama
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Rama,
Try using this expert advisor during slow times of the day--4p.m. till 12 a.m. EST.It doesn't work very well in trending markets--NY open, London open. I've had it on for a couple of days 24 four 7 and I have lost 25% of the equity in my demo account.
As far as 4pma goes, I will figure out how to make money with it because dynamic fibs are a very powerful trading tool, at least for the forex market. If somebody can read the mql4 code and tell me how the dynamic fibo levels are calculated, that will help me a lot to figure out the optimal settings for the indicator. The fibo levels are hi, lo, lcf, hcf.
Rama,
Try using this expert advisor during slow times of the day--4p.m. till 12 a.m. EST.It doesn't work very well in trending markets--NY open, London open. I've had it on for a couple of days 24 four 7 and I have lost 25% of the equity in my demo account.
As far as 4pma goes, I will figure out how to make money with it because dynamic fibs are a very powerful trading tool, at least for the forex market. If somebody can read the mql4 code and tell me how the dynamic fibo levels are calculated, that will help me a lot to figure out the optimal settings for the indicator. The fibo levels are hi, lo, lcf, hcf.
mpower: hello!
Hope you are doing fine here!
Regarding multi lot scalper, you are right. When we loose, lose most of the money in no ime. However, it did make money as well (my demo).You are right in trending market, this Ea is behaving like a beast. May be there is way to tame it. The main probelm is, it takes a lot of orders in a given minute. If some programmers able to modify some of the functions of this EA. Then it may be suitable for trading.
Who knows, time can tell the answer.
Coming to 4PMA, Iam also very much interested in it. As I informed you earlier, I have a friend in Belaurus, who is a fx trader and EA programmer as well. He told me that, if he get some time, he might try to work for EA. So far, I did not heard any thing concretely from him.
The best thing is, we can ask some programmers on this forum, it seems a lot people are very good in this place. May be we should take an opinion from CODER-GURU, He is very capable of.
Of course, it may not be proper ask some one to do things freely.
If it's affrodable, iam ready to contribute. May be we should join elite section of this forum, where it seems, can get prompt help.
I also have tried this 4pma, on demo, it's really working great.
mpower, I think, the principle and approach is exactly the same as of moneymap grid web site. Only I can see the difference is in their eye catching presentaion ( I tried their 2 days demo as well).
So, if you find some programmers let me know. From my side Iam ready to collaborate.
Sincerely,
Rama
Fx money map, forex money map, fxmoneymap all the same
Quote:
Recently, I attended fx money map 2 days trial. After the trial,they asked me that, I need to pay $420 per month to lease. To buy the system, is more than $4000 and rest of the life, need to pay $200 for data fee. After the trial they started calling me to my office.
There is no place like this where, some one can charge $200 for data fee. We get best charting system for totall free, with respective brokers. Anyway,you and many other people discussed about them extensively.
If you dig a little deeper you will see that he and his partner own the data feed. Imagine that, hose you for the money map fx system as well as the data feed. No wonder he is listed on a forexscams web site.
Good thing somebody did that so that people can stay away from scammers like Andy Shearman. In all honesty, Dynamic fibs are a very powerful trading tool if you know how to use them. I think that the person that posted the scam alert on forexscams.com got burned and never learnt how to use the tool, because Andy Shearman doesn't know how to use it himself...Therefore, there is no support for the "product." Secondly, Andy just stole the tool from Pronet Analytics.
4pma is not calculated in the same way as MoneyMap. It uses similar method but its default settings are very wrong. I have modified the indicator, so that it works as well or better than Money Map. I have weeks ahead of me to test and prove that I am right... will share the wealth.
Asta la vista...
Would be grateful if anybody can direct me or post a good (possibly multi time-frame) self adjusting fibo indicator that shows percentage, like 38.2, 61.8 etc.
euro
Is this what you want? You can alter the days back for the high and low to get the Fib you require or leave it on auto.
Good thing somebody did that so that people can stay away from scammers like Andy Shearman. In all honesty, Dynamic fibs are a very powerful trading tool if you know how to use them. I think that the person that posted the scam alert on forexscams.com got burned and never learnt how to use the tool, because Andy Shearman doesn't know how to use it himself...Therefore, there is no support for the "product." Secondly, Andy just stole the tool from Pronet Analytics.
4pma is not calculated in the same way as MoneyMap. It uses similar method but its default settings are very wrong. I have modified the indicator, so that it works as well or better than Money Map. I have weeks ahead of me to test and prove that I am right... will share the wealth.
Asta la vista...
mpower,
How have you modified the indicator? I just ran across this today and am looikng into it more. I like DiNapoli levels and am adding this. I would like to learn more of what you have found out.
With some information I may be able to alter the program. Not sure until you tell a little more of how it should work and the settings.
mpower, hello!--Rama
Linear Mode
