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New EA No Sleep EA With no restrictions

oshaban said:
First of all, my trading rounds are not using No Sleep EAs ... But using the same concept with Pending orders ... So, I have more control to decide where to open trades ...
Then, Using M1, it almost like using Tick chart, so, the EA will/could open more trades ... but if you use higher time frame, it will have a chance to open less trades in the big movements because the open of each new trade will only be at the new bar open ... This means, Using Higher Time Frames, Lead to Lower Risk.

Please review the very early posts about how those EAs works ... It's too important to follow the safety rules :sweating:

Hint, If your account is a standard, Using such lot size on this number of pairs is still very big risk !!!.

About trading hours, it is always up to you, but the main rule, trade with the trend (direction) and second rule, better to trade during
the volatility market hours which is after London open and before NY close. Leaving orders open is not an issue as long as you are trading
with the trend (on >H1) ... I usually take trend signal from H4 to keep me in better mode. It will give some DD but I prefer that to happen
because it means I will have bigger profit due the more opened orders.

Good luck ...
Click to expand...

I absolutely agree with H1 or even H4. I usually trade those charts for better success. M1 is great for your robot though for biggest results, but may not get out of all conditions.

I have attached a closeup on H1 EURUSD, does GDP have a solution out of this condition without a retracement?

Thank you!
 

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If I had heeded fair warning, I could have avoided the GBP results today. Make sure to watch your news alerts. I get mine from FXChoice in an email. I didn’t turn off the robot for the volatile pairs, and lost the trade on GBP 11:30 GMT+2. Next time I will remove the pairs on the news warnings.

Thanks!

FXChoice provides an email of potentially volatile pairs due to news events. It’s important to watch ahead of time I could have avoided loosing on GBPUSD earlier.

_________
Tuesday, 19th February

  • 09:00 – CHF – Trade balance
  • 11:30 – GBP – Avg Wk Earnings 3M YY
  • 11:30 – GBP – Claimant Count Unem Chng
  • 11:30 – GBP – ILO Unemployment Rate
Wednesday, 20th February

  • 21:00 – USD – FOMC Meeting Minutes
Thursday, 21st February
  • 02:30 – AUD – Employment
  • 02:30 – AUD – Unemployment Rate
  • 09:00 – EUR – German CPI Final
Friday, 22nd February
  • 01:30 – JPY – CPI
  • 09:00 – EUR – German GDP Detailed
  • 12:00 – EUR – Inflation Final
  • 17:30 – EUR – ECB President Draghi Speaks
  • 18:00 – CAD – Budget Balance
*All times are Server Time (GMT+2)
_____________

Best of luck!
E
 
oshaban said:
First of all, my trading rounds are not using No Sleep EAs ... But using the same concept with Pending orders ... So, I have more control to decide where to open trades ...
Then, Using M1, it almost like using Tick chart, so, the EA will/could open more trades ... but if you use higher time frame, it will have a chance to open less trades in the big movements because the open of each new trade will only be at the new bar open ... This means, Using Higher Time Frames, Lead to Lower Risk.

Please review the very early posts about how those EAs works ... It's too important to follow the safety rules :sweating:

Hint, If your account is a standard, Using such lot size on this number of pairs is still very big risk !!!.

About trading hours, it is always up to you, but the main rule, trade with the trend (direction) and second rule, better to trade during
the volatility market hours which is after London open and before NY close. Leaving orders open is not an issue as long as you are trading
with the trend (on >H1) ... I usually take trend signal from H4 to keep me in better mode. It will give some DD but I prefer that to happen
because it means I will have bigger profit due the more opened orders.

Good luck ...
Click to expand...
good morning mr Oshaban and first of all thank you for offering these ea free, I am using the ea no sleep and I read the part of the configuration in the lots that you advise in the description of the use of their ea free, but I do not understand very well the risk management that I must apply to my mini account of 500 dollars, being that for a capital of 1000 dollars you must negotiate for each pair of coins 0.10, if that is so, then for my account of 500 I must manage a lot of 0.05 for those 500 dollars, is it correct? but it is correct can advise me what is the correct thing not to burn my account, thank you very much and god bless you.
 
Red all pages in last two-three days, and would like to thank you Oshaban for everything given (free EA, your kind guidance and patient to answer same questions over and over again). Basically, you gave us a weapon and explained us how to use it without shooting yourself in the foot! Rest is up to us!
 
Dear Mr. Shaban,
I'm using your produced No Sleep EA for around one month on a conservative setting. That's great! Thank you very much again for your contribution.
I'd like to ask you about shutting down the EA with less harm. On a big news or moving to another broker we might like to close it.
You think, is that a good idea to turn the "Continue Trade Next Round" to False for all pairs while I'm in a floating loss? Can it be survived if it can not open a new position on any pair?
Thank you in advance for your kind instructions.
Regards,
 
HI, Anybody try No Sleep EA with other pair (high profit factor is EURUSD) What other pair use best wih no sleep ea?
I test on demo by using No sleep EA with many pair see some report from fxblue (no show profit number is win all I think)
 

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Dear oshaban !
I think you need more functionality in Nos sleep: close all transactions when dd = X%, then we can sleep :). Robot cannot sleep but we must go to sleep to dream of becoming a millionaire
 
oshaban said:
Please find the "No Sleep EA" without any restrictions (No Time or Account Type Limit).

It is coded by me ...

It can work on any demo or live account for unlimited period of time.
It also can be back-tested, even I'm not back test believer. Forward test is the best of course.

I made 20% in 15 days with only 6.5% DD on EURUSD ... Can work on any pair. Lately, I use it on Gold because of the high lot rebate I got from broker and it's profit as well.

So, easily can made 40% a month. You can even make more than 100% but you need to withdraw profit frequently.

You can use it on any time frame ...
If you want to use multiple pairs, then use safer settings ...
If you want to use 1 pair, I recommend GBPUSD or Gold but current settings
will not work on gold, you need to use yours to let it go.

Lower time frame means higher profit, higher DD ...
Higher time frame means lower profit, lower DD ...

So, use your own settings that you feel comfortable with as I can't take settings responsibility.

Use it on demo first for at least a week ...

Some trades from live account ...
View attachment 35175

=================================================================

The following links are for the important updates for this thread ...

Important Info about how to use the right account type ...
No Sleep EA With no restrictions

Version 2 for EA download link ...
No Sleep EA With no restrictions

Show My Account Specifications EA download link ...
No Sleep EA With no restrictions

Version 3 for EA download link ...
No Sleep EA With no restrictions

Version 3.2 for EA download link ...
No Sleep EA With no restrictions

Important letter to all traders link ...
https://soehoe.id/no-sleep-ea-with-no-restrictions.t9465/page-18#post-182686

Grid-Averager-PRO EA
https://soehoe.id/no-sleep-ea-with-no-restrictions.t9465/page-21#post-183652

Grid-Averager-PRO EA Version 2.0
https://soehoe.id/no-sleep-ea-with-no-restrictions.t9465/page-33#post-188198

Grid-Averager-PRO EA Version 2.1 with no restrictions
https://soehoe.id/no-sleep-ea-with-no-restrictions.t9465/page-46#post-203661

Note: I received many emails, skype or whatsApp chats and also chats on my blog chat client asking me about some support for those free EAs ...
As I'm running my own online business, please kindly be informed that I'm happily to give support for those Eas only on this thread.
Click to expand...

First of all, congratulations for the work! I would like to know if the EA has been tested, or can be used in TF M15. thank you!
 
Eisenstein said:
If I had heeded fair warning, I could have avoided the GBP results today. Make sure to watch your news alerts. I get mine from FXChoice in an email. I didn’t turn off the robot for the volatile pairs, and lost the trade on GBP 11:30 GMT+2. Next time I will remove the pairs on the news warnings.

Thanks!

FXChoice provides an email of potentially volatile pairs due to news events. It’s important to watch ahead of time I could have avoided loosing on GBPUSD earlier.

_________
Tuesday, 19th February

  • 09:00 – CHF – Trade balance
  • 11:30 – GBP – Avg Wk Earnings 3M YY
  • 11:30 – GBP – Claimant Count Unem Chng
  • 11:30 – GBP – ILO Unemployment Rate
Wednesday, 20th February

  • 21:00 – USD – FOMC Meeting Minutes
Thursday, 21st February
  • 02:30 – AUD – Employment
  • 02:30 – AUD – Unemployment Rate
  • 09:00 – EUR – German CPI Final
Friday, 22nd February
  • 01:30 – JPY – CPI
  • 09:00 – EUR – German GDP Detailed
  • 12:00 – EUR – Inflation Final
  • 17:30 – EUR – ECB President Draghi Speaks
  • 18:00 – CAD – Budget Balance
*All times are Server Time (GMT+2)
_____________

Best of luck!
E
Click to expand...

It is not enough just to watch out for planned high impact news events... sometimes "black swan events" happens (Eg the recent JPY flash crash, Donald Trump making some impromptu market moving announcements etc) that catches all traders unaware and it can happen anytime of the trading day. So IMHO it is better to manage risk the following ways (for GAP EA):

1) Use more conservative settings for more volatile pairs (Eg GBP pairs and JPY pairs) like lower Max Trades on each side, larger pip step, lower lot multiplier and smaller TP.
2) Focus on pairs with lower volatility (Eg cross pairs like AUDNZD and EURCHF) rather than the mainstream pairs. I find this tool very helpful https://www.investing.com/tools/forex-volatility-calculator
3) Trade multiple small live accounts. 1 pair max for every account at 0.01 lot size.
4) Withdraw from your live accounts regularly to mitigate potential MC due to another black swan event. In other words, treat your account as a "dividend stock" rather than a "growth stock".

May the pips be with you! ;)
 
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