Suggestion Monkey Pips ( from the original author )
- Thread starter trevor
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I NEED to tell you this. Its very important. I learnt it from experience.
FOREX WILL NEVER IMPROVE YOUR FINANCIAL SITUATION
If you are having problems financially you should get a financial mentor ( mine is Dave Ramsey ) learn how to win with money in life before you try these things like forex.
Think about it. You wont be able to sustain a family on forex if you have no income. Because you need money for forex. The guys making real money in forex are not using retail brokers. Its why i dont trade live, i dont have money for such accounts, even tho I have alot of money. its not for forex.
My financial situation I save 2/3 of net salary... its way more money than any ea ever give me. I do this monthly automatically, i budget, spend less than i make, dont blow fx accounts, dont throw money at brokers. dont buy expensive ea ( or car for that matter I ride a scooter ). none of those things are going to solve your finances.
Dave quotes: Your most powerful wealth building tool is your income.
bro thats your job... its not monkey
there was a time i got into alot trouble with money, i borrowed on banks to play forex. and lost it all. I lost my family, i lost everything, i lost my fancy car, my house, my brother, my mother, if i had a wife i would have lost her too. i couldnt even be by my fathers side when he died cause i was broke. bro i am alone in this world... thats what happens when you wanna play games with money. my salary would not even cover the debt repayment. for years i was in so much trouble.. starving most of the time. looking at my friends i wish i had. all the time thinking monkey will save me. then i found Dave Ramsey and he taught me everything i needed to know to get out of trouble and win with money. And it was NOT by forex.
Now... today.... people are envious of my situation... no debt, I dont even have to pay for my phone, or rent, or vehicle.. i have 0 payments monthly... and save 2/3 of my salary... its a lot of money every month... every month, not only do i spend less than i make but my savings increase more than i spend...2/3 ( most ppl...you kinda need to be living with your folks to do that but I dont have folks... i have my brain ) and i dont throw it at the brokers either... be wise man.. dont waste your life because of money.
https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw here is the Dave Ramsey show I owe all credit to him.... bro you are not supposed to be here AT ALL
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Thanks bro soon I'll learning
new concept make 10% today
its coming guys... give me time, i wont be posting it until i am sure
this will replace the current monkey, it does not have the same problem
...and then einstein smacks me in the face... fool... youre insane! this mt4? yes sir.. but .. but..
but i am not doing the same thing over and over again
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Hello Trevor thanks for yours hard job
the monkeypips for MT5 work in real account?
the monkeypips for MT5 work in real account?
it is very much under developed... I used the basics of the strategy only. way back to v105.
I used it on fpmarkets and for a few days I had around 30% gain... in real trade... v109 however there are still some issues probably because I dont understand the mt5 order protocol well enough to use OrderSendAsync effectively.
The sad thing is it will remain undeveloped for now. I am have so much to do. If anyone want to collaborate and continue with mt5 i will help them.
the reason why i wont continue is because my buddy einstein tells me i am insane. i see same problems as in mt4 ( not with execution... execution is brilliant with mt5 ... it another secret i keep to myself so no one can make monkey profitable ) . i have to change strategy. hence new concept.
ok ok i tell you the secret dammit... it applies to all scalping and is very simple...
when taking profit - you must use a takeprofit
when stopping a loss - you must use a stoploss
monkey dont do this... it uses stoploss for taking profit... anyone ever consider this:
where is the next tick when stoploss is hit? usually...?
its below the stoploss price you set... the broker gives you this price and hence we all think its slippage... nope... its a very small gap. you get bigger loss like this... in backtesting strategy tester just give you the price you set... same goes for take profit...if using a trailing stop and trade is profitable why would you want to close the position at a much lower profit? case a takeprofit typically you get get a positive minor gap and more profit.
in my new concept you will see the difference... but what is extremely difficult to achieve is to apply this logic to the same similar type of trading that monkey does. almost there plus some.
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Ok i ask you because i dont work MT5 but the todays demo results are awesome!!!
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This is my review for this thread:
hard work
hard work
Bro help didn't open any trade
send me pm
Check your pm bro
these hours are day job for me... jus hang on a bit
I'll wait
Please help
Emmanuel Hdz
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if you guys ask for my assistance don't mess me around please.
i actually do not want to go out of my way to set up your vps. OMG and when i get to your vps what a freaking noob. do some reading! no.... here go to https://www.babypips.com/
i put alot of info up in the last couple of days and if you cant understand that then monkey not for you. monkey not for noobs. monkey not for broke people. simple. move on.
i actually do not want to go out of my way to set up your vps. OMG and when i get to your vps what a freaking noob. do some reading! no.... here go to https://www.babypips.com/
i put alot of info up in the last couple of days and if you cant understand that then monkey not for you. monkey not for noobs. monkey not for broke people. simple. move on.
Hi Trevor!give the open source code for the MT5 terminal,I'll try to do something as well!
Any open trade bro
thank you for live testing in IC Markets!
here is something interesting, its a technique i use in my coding sometimes,
https://harthur.github.io/brain/
what you do is train a "brain" what text color is readable over various contrasts, and after the "machine learning" ( no its not genuine ai/ml like tensor flow ) it can display any color which is easily readable.
why am i showing you this?
for the developers... if you look under the hood the code is incredibly simple.
I think i can plug some holes in the money management of my new ea, ofcourse can use any attribute in trading but I think it would be useful if an ea could "know" how well or bad it is doing and adjust its trading style accordingly, instead of just following a set of instructions. For example, the new strategy keeps memory of its "basket" of trades and can use profit to keep a bad trade until it hits break even but this is problem if the basket is not profitable. what do you do? ye ye so easy to throw ideas. i mean how do you code it without external resources?
train a brain man.... as the ea trades its training its little "brain" and will know the very best option in such a situation...
no man common, what options? there so many questions, well these would be up to me for now but I believe you can "create" machine logic with logic..ye we dippin into ai a bit... but its not... not what you think.
https://harthur.github.io/brain/
what you do is train a "brain" what text color is readable over various contrasts, and after the "machine learning" ( no its not genuine ai/ml like tensor flow ) it can display any color which is easily readable.
why am i showing you this?
for the developers... if you look under the hood the code is incredibly simple.
I think i can plug some holes in the money management of my new ea, ofcourse can use any attribute in trading but I think it would be useful if an ea could "know" how well or bad it is doing and adjust its trading style accordingly, instead of just following a set of instructions. For example, the new strategy keeps memory of its "basket" of trades and can use profit to keep a bad trade until it hits break even but this is problem if the basket is not profitable. what do you do? ye ye so easy to throw ideas. i mean how do you code it without external resources?
train a brain man.... as the ea trades its training its little "brain" and will know the very best option in such a situation...
no man common, what options? there so many questions, well these would be up to me for now but I believe you can "create" machine logic with logic..ye we dippin into ai a bit... but its not... not what you think.