Hi Muhama,
1. Thanks for your very fast reply and help.
2. Your idea is really great. So far, which brokers have you found out that worked GREAT for this ea? Please tell the broker's name. I have Trade Copier and I can use this way of trading.
3. If spread on EURUSD is from 1 pip to 2.5 pips, do you think this spread is profitable with this ea ? What is maximum spread which is good for this ea?
4. Does this ea work on small account amount such as: 100 usd, 200 usd on mini account ? Does this ea use any Martingale trading style? And can we let it trade 24/5 or we should turn off this ea before High Impact News like Non-farm payroll, ECB's speech, Bank Interest days and the end of Friday?
5. What is the winning trade % of this ea ? and Max drawdown ? I saw on your Myfxbook that the Monthly profit is VERY GOOD and HIGH, but max drawdown is also high at 41%. So, how much risk % did you set up on this ea? Maybe, I will reduce risk to HALF to keep max drawdown under 30%.
I hope you can explain to my above questions because I wish to understand more about this ea to use it correctly and avoid mistakes.
Thanks so much
James
I use tickmill type ECN and I am still looking for another suitable broker. there is no limit spread to ea but I limit between 22-25 to avoid open position while floating. cent account can work well at 1500 cents and micro account with $ 100 enough. on zero spreads not work.Hi Muhama,
1. Thanks for your very fast reply and help.
2. Your idea is really great. So far, which brokers have you found out that worked GREAT for this ea? Please tell the broker's name. I have Trade Copier and I can use this way of trading.
3. If spread on EURUSD is from 1 pip to 2.5 pips, do you think this spread is profitable with this ea ? What is maximum spread which is good for this ea?
4. Does this ea work on small account amount such as: 100 usd, 200 usd on mini account ? Does this ea use any Martingale trading style? And can we let it trade 24/5 or we should turn off this ea before High Impact News like Non-farm payroll, ECB's speech, Bank Interest days and the end of Friday?
5. What is the winning trade % of this ea ? and Max drawdown ? I saw on your Myfxbook that the Monthly profit is VERY GOOD and HIGH, but max drawdown is also high at 41%. So, how much risk % did you set up on this ea? Maybe, I will reduce risk to HALF to keep max drawdown under 30%.
I hope you can explain to my above questions because I wish to understand more about this ea to use it correctly and avoid mistakes.
Thanks so much
James
Ea I let 24h in vps. and so profit when there is big news. is actually very small drawdown below 5% but rarely open position. I am setting a high risk that higher profits as well.
winning rate is 10:3, profit 7 lost 3. lost usually on open the first position in the range is 0.01 lot. My profit next 5-10 multiply because the type of semi-martingale.
if lost three times in a row, ea took the decision to open the starting position again in the range of 0.01 lot and do not carry on multiplying lot.(but it depends on your settings)