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Wysiwyg

Wysiwyg

Everyone wants money
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An open thread about Expert Advisor auto-trading.

Well although being monitored and a complete newcomer, the lack of EA threads has encouraged me to start this thread to encompass EA`s and the meta quote language in MetaTrader4.

First question is how to set an EA to execute trailing stop adjustments `without` having to manually O.K. the adjustments/steps?

I have unchecked the "Ask manual confirmation" box in Tools-> options-> Expert Advisor.Do I have to modify the EA script manually also?
It is a profitabale EA (possibly via agreement :eek:) and I will likely use it after further forward testing.

Look forward to any input - output. Wabbit, drop in when you are back from hols.:)
 
Hi there mate.

I've just started using an EA and so far have found it worthwhile.

I don't want to promote it in anyway since it is against the rules aparantly.

I've never used an EA before now and I have to say using it makes trading quite a bit easier :)
 
fapturbo said:
Hi there mate.

I've just started using an EA and so far have found it worthwhile.

I don't want to promote it in anyway since it is against the rules aparantly.
Click to expand...


Hi fap, i`m skeptical of mega-profit flashy advertising so am not going down that path.Unless of course you can post some real trade results I would buy it tomorrow.

Some questions about the system if you don`t mind ...

1) what are the pairs they recommend to trade?
2) what are the entry/exit parameters for long system?
3) initial stop loss value = ?????
4) take profit value = ?????
5) trailing stop value = ?????
6) are you using the long or scalping strategy?
7) does it work best in up, down or flat trends?

better still could you p.m. me with the EA code. :D Just joking. :p: and good luck if you don`t reply.
 
i love the EA's im using, helps take the emotion out of trading... however i know nothin g of programming, hoping to learn when mt5 comes out
 
Wysiwyg said:
Hi fap, i`m skeptical of mega-profit flashy advertising so am not going down that path.Unless of course you can post some real trade results I would buy it tomorrow.

Some questions about the system if you don`t mind ...

1) what are the pairs they recommend to trade?
2) what are the entry/exit parameters for long system?
3) initial stop loss value = ?????
4) take profit value = ?????
5) trailing stop value = ?????
6) are you using the long or scalping strategy?
7) does it work best in up, down or flat trends?

better still could you p.m. me with the EA code. :D Just joking. :p: and good luck if you don`t reply.
Click to expand...

I'm still skeptical myself.

However I have been running it on a demo account for about five days so far and I'm impressed with it. I understand that demo results will be different to live results.

The pairs that it trades are these. EURGBP EURCHF USDCAD GBPCHF
Recommended Pairs to trade for small accounts is EURGBP and EURCHF

I am not trading the Long Term Strategy. It is not recommended for small floats. I am only Trading the Scalper Strategy as this is the most profitable.

The EA as far as I can tell trades only when there is little activity in the Markets. This is around 9pm GMT to 1am GMT. This is the way it has been designed.

There is a height filter to prevent trades being taken when volatility is too high.

The EA has an inbuilt Stop Loss and Take Profit figure. There is a Stealth mode which means that the Stop Loss and Take Profit figures that are transmitted to the Broker are different to the inbuilt SL and TP figures.

At the end of the day the only thing that matters is does it have a Positive Equity Curve.

There are ways to change the Money Management. You can set it manually or you can use the in built Money Management Settings which does a relatively good job at setting Lot Sizes based on the Settings you choose.

You can set whatever you want as far as risk settings go and the EA will work out Lot Size for you based on that.

I have not had any experiences with EA's before this one. So I am hoping it is a good one.
 
fapturbo said:
Hi there mate.

I've just started using an EA and so far have found it worthwhile.

I don't want to promote it in anyway since it is against the rules aparantly.

I've never used an EA before now and I have to say using it makes trading quite a bit easier :)
Click to expand...

LOL

Thanks for the laugh :D
 
Forgot to mention......Why would anyone buy it when they can download Fapturbo free from The Piratebay :p::xyxthumbs
 
BentRod said:
LOL

Thanks for the laugh :D
Click to expand...

Do you think the username is a promotion attempt?They may be a genuine first time EA user so they could be for real.

My goal is to have an EA for trading long trend moves ( + 500 pips ? ) and another which i`m working with now that trades breakouts with an initial stop loss of 60 pips, a 30 pip trailing stop and a take profit of 160 pips.

Backtesting over different time frames and particularly sideways trends which tend to bounce between entry and stop loss and thus kills the trader.This would be an ideal time to switch off the EA i`m thinking.
 
I'm a bit sus about this Fap turbo software.

From a quick perusal of the site, it sounds a lot like a few share trading program promos that have come across my desk... all with documented history of trades. :rolleyes:

Wysiwyg, I'm only a novice at coding but have had some success at tayloring some of the many codes out there... not along the lines you're thinking though... so unfortunately I'm no help to you, but good luck.
 
Whiskers said:
I'm a bit sus about this Fap turbo software.
Click to expand...

It has a 60 day trial/buy option so if it didn`t pull in the AUD$220 + for costs of returning then return it would get.

Wysiwyg, I'm only a novice at coding but have had some success at tayloring some of the many codes out there... not along the lines you're thinking though... so unfortunately I'm no help to you, but good luck.
Click to expand...

It`s all gobbledy gook for me as usual with new learning.That`s why i have a simple method that i`m playing with and will buy a real one or get one made.

Here whiskers ... http://www.forexmt4.com/mt_yahoo/ ... more codes than time to test and tweek.
 
im working with a programmer on EAs.

careful what you pay for. most of the code in it is probably available for free on forums.

think about it this way; why would you sell a highly profitable automatic trader for a couple of hundred?

i know i wouldnt.
 
Stormin_Norman said:
im working with a programmer on EAs.

careful what you pay for. most of the code in it is probably available for free on forums.

think about it this way; why would you sell a highly profitable automatic trader for a couple of hundred?

i know i wouldnt.
Click to expand...


To make it affordable to the majority or Taders.

If you have a highly profitable system why would you not want to code it and automate it?
 
fapturbo said:
To make it affordable to the majority or Taders.

If you have a highly profitable system why would you not want to code it and automate it?
Click to expand...

Because you would be too busy making millions whilst flying in your private jet of coarse!
 
fapturbo said:
To make it affordable to the majority or Taders.

If you have a highly profitable system why would you not want to code it and automate it?
Click to expand...
of course automating a trading system which is highly profitable is the goal.

personally, i won't be selling my EAs for a couple of hundred. maybe im a much bigger prick then you :confused: but a successful EA will be used to operate a currency trading fund, not a internet marketing site.

it will be interesting to hear of the ongoing live results are. has anyone else used this EA? is it a martingale system (like 95% of those available on the interweb)?
 
will be interesting to hear of the ongoing live results are. has anyone else used this EA?
Click to expand...

It's on TPB...go get it and test it out yourself.

No doubt you will quit work and buy your own Island shortly after :alcohol:
 
fapturbo said:
If you have a highly profitable system why would you not want to code it and automate it?
Click to expand...

Aside from the fact that if it is highly profitable you should be making enough money to not need to sell it, any actual trader should know that if they give this out to enough people it will affect everyones results as it will change the market.

If everyone traded the exact same style nothing would work. So by selling this you are reducing the odds of the system working.
 
fapturbo said:
You have got to be kidding right?
Click to expand...

Prawns statement is FACT and is exactly what happened to the Turtle system and virtually any other methodology/pattern that has been published.

You need to do some reading instead of coming on here spewing your advertising SPAM, real newcomers might actually believe this Scam and think they can quit work and make millions, All whilst sleeping of coarse. :horse:
 
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