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New EA Myfkbook Forex Sentiment indicator & EA

What do you think, is it better to go With or Against Market Sentiment?


  • Total voters
    76
Closed trades:

The red rectangle are the old config trades (Against Sentiment)

The blue rectangle are the New config trades (Follow Sentiment)
 

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Closed trades:

The red rectangle are the old config trades (Against Sentiment)

The blue rectangle are the New config trades (Follow Sentiment)
can be implemented a time filter, when the EA has to trade and when not and eventually , a changed comment? you will ask why? because if the broker see at many users same comment, it can be find out a plugin for against the ea.. to avoid such situation if one can choose an own comment text.. thx in advance :)
 
eventually it is better to implement the data of more sentiment website... to have an average sentiment... because myfx actualise every 60 minutes.. and this is in the most time too late... here and example and indi for an average sentiment over 10 websites... https://fxssi.com/tools/current-ratio
 
can be implemented a time filter, when the EA has to trade and when not and eventually , a changed comment? you will ask why? because if the broker see at many users same comment, it can be find out a plugin for against the ea.. to avoid such situation if one can choose an own comment text.. thx in advance :)
what's the point of putting a time filter on an expert advisor who holds positions for several days/weeks?
What's the point of having a time filter on an expert advisor who doesn't depend on technical or chart analysis?
 
to trade when in the market is real volume and not overnight... trade can be stay opened... but the opening time is important or newsfilter is important too
 
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!

Hello winidecorw,

What is the rule for opening an order? schedule? My orders seem to open when conditions are created 5 to 10 minutes later on the new candle.

Can we have the condition to close global set of orders when reaching positive value/pips?

Espero que puedan ayudar a obtener algo práctico para todos, este indicador es superior, eche un vistazo por favor. Gracias
 
Hi philippe do you have mql5 or Myfxbook to follow the result please ? How much profit on your account with how much max DD
Sorry but I lost the history because i had to open a new account on mt4. The old one did want to work.
But DD is weak and until now it's the best robot I tested with a low risk.
 
Sorry but I lost the history because i had to open a new account on mt4. The old one did want to work.
But DD is weak and until now it's the best robot I tested with a low risk.

Hi mate,

Could you publish the list of all the currencies you use in your sampling or even share the set?

With an account of €200 at 0.01, how many pairs do you think you could support?

Thank you.
 
Hi mate,

Could you publish the list of all the currencies you use in your sampling or even share the set?

With an account of €200 at 0.01, how many pairs do you think you could support?

Thank you.
Hi!
With only 200 account and 100 leverage for example, and 0.01 Lot, I would only put a maximum of 2 or 3 pairs until the account goes up in case it enters DD, but the ideal would be to try it in Demo, open a demo account of 200 usd and try it.
 
Hello, do we need to have open all the time market watch panel or not? I try follow sentiment settings and I am not sure if I can close market watch or not.. Thanks
 
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