Suggestion Monkey Pips ( from the original author )

forgive me for going on and on about this ea...

One last thing that will help your live trading

There is something called initial stop or open spread in the settings... cant rember... cant refer to it right now...

You can set this higher so that you not getting stopped out too much... but the StopLoss setting should always be higher than this...

so ea send order with stoploss of the Stoploss setting.... as soon as that trade is open.. the first tick its open.. the ea calculate what i call open spread and put stop based on this...

open spread is all the distance slippage, commission and spread so strategy knows the best value proportionally and is why the dd is so low... change these settings for higher win ratio but can get some bigger losses... but no problem... the ea make 70pips sometimes on a spike with 3-5 trades.. in an instant your account +30% make your big loss look like chips next to a burger


usually this is very very tight.... but if you struggling in live... increase this value... its not what you think... ever!

 

Yep thank you man
I hope it's help to improve my financial situation

Keep support us

 

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

 

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

 

this is what the monkey journey feels like to me

 

Hello Trevor thanks for yours hard job
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.

 

Ok i ask you because i dont work MT5 but the todays demo results are awesome!!!

 

This is my review for this thread:
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

 

Already put in vps and set it ass you say in multiple terminals.

 

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.

 

Hi Trevor!give the open source code for the MT5 terminal,I'll try to do something as well!

 

Any open trade bro

 

This is my review for this thread:
Great job...
Trevor is working hard to get things done.
5 stars well deserved it...