New EA Myfkbook Forex Sentiment indicator & EA

[philippe5]

Correct Title ): (I don't know how to change it )

Myfxbook Forex Sentiment indicator & EA

I have created this Free MT4 EA to test if it is more profitable to trade in favor of the mass sentiment of traders or it is better to go against it.

Check the video:

The EA is multi-currency and open or close orders based on the website:

https://www.myfxbook.com/community/outlook

Remember to authorize this url in WebRequest options in MT4


You can choose any currency pairs you want (I recommend major pairs with less spread) as long as you have them active on MT4 Market Watch.

If the EA is configured to trade in Favor of Market Sentiment, it will open trades in currency pairs that are equal to or higher than the default percentage value chosen (Default 80, but you can choose the percentage you want) and close if it goes down. at 50%

If you want to choose to trade Against of Market Sentiment, suppose that the market sentiment is more than 80% Long in EURUSD, then the EA would open a sell order in EURUSD and the order would be closed when the Long drops to 50%

Leave your comments and suggestions, how are you more profitable, operating for or against, with what percentages and any questions, let me know


Greetings!

Your expert advisor is great

 

[philippe5]

Do you trade with trend or reversal? What percentage do you use for open and close the trade? Do you use any other tool for closing the trade?

I trade with trend.
Pourcentage: default settings.
Another tool: no

 

[winidecorw]

Your expert advisor is great

Thanks!

 

[winidecorw]

For my part, bad results for now trying to go against the market sentiment 90% to open and 70% to close operations, but I still testing

 

[philippe5]

For my part, bad results for now trying to go against the market sentiment 90% to open and 70% to close operations, but I still testing

Impossiblefor you to have bad results with default setting if I have good results with default settings

 

[winidecorw]

I´m try against the market sentiment not following

 

[philippe5]

I´m try against the market sentiment not following

No good to trade AGAINST the market sentiment...

 

[marcopq]

Hello, can you adapt for pairs sufix, in my case i have EURUSD-VIPc.
Thanks for the work, good trades. Gracias

 

[philippe5]

Best robot I have found untill now.

 

[kamel]

Best robot I have found untill now.

Hi Philippe can u show us last result ? How much profit in how much time and DD saw ? Thank u

 

[philippe5]

Hi Philippe can u show us last result ? How much profit in how much time and DD saw ? Thank u

See file.
DD low

 

[kamel]

See file.
DD low

seems crazy, how much DD can u saw ? (max floatting observate) ? thank u , di you goes on real account now ? do you use any protection like equity stop , never trust 100 %

 

[philippe5]

seems crazy, how much DD can u saw ? (max floatting observate) ? thank u , di you goes on real account now ? do you use any protection like equity stop , never trust 100 %

mAX DD 10%
Always demo.
Defaults settings

 

[kamel]

mAX DD 10%
Always demo.
Defaults settings

nice result , 10 % DD with 0.10 SIze lot on how much capital ? and how much profit close and floatting, it's my last question lol, but nice very nice

 

[philippe5]

capital: 7000 usd
Profit close: make an addition with gain. I sent them to you in file post 147.
Floating: +73 usd

 

[kamel]

capital: 7000 usd
Profit close: make an addition with gain. I sent them to you in file post 147.
Floating: +73 usd

yes, so I have to add up all the profits one by one with a calculator, remove all the losses with a calculator, to see how much profit you made on 7000 by adding +73 USD ... it could be so much simpler as a screen of the account but ok I'll do it, have a nice day héhé

 

[Iqtecsol]

This is a very interesting thread - i will try this on a demo .

 

[winidecorw]

Best robot I have found untill now.

It seems that after thousands of attempts and proven strategies, we may have something here

The interesting thing is that my main idea was to go against market sentiment... In fact I voted against
Well, it seems that it is better to go in favor (Although I will continue testing for more time)

 

[winidecorw]

I have changed the EA configuration to favor the market on my vps. Default settings except the output option that I changed from 50% to 60%

 

[winidecorw]

Open orders today: