Most pairs have an average daily range of well less than 100 pips. So if you want to trade intraday then it would seem logical that the gaps have to be kept small so that you can have multiple entries within the day to get you out of trouble with a basket close. But then again, you don’t want to have to many entries since lot size increases rapidly with this marty system and if the trend goes against you big time, consequences will follow.
ABOUT FOREX FORUM:
As long as we maintain the conservative type of settings as per default. If someone thinks they can just download an EA from CodeBase, put it to work, and watch their account balance go up, they have little appreciation for their money. Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. The final setting as shown in the description “CloseAllOrdersifProfitisAbove”.
Comments
Testing an optimised strategy on many different pairs is the best sort of out of sample testing that we can do in my view. At Forex Forum you can explore meaning-full, reliable and actionable discussions followed by the professional trader’s advice. MOSTAPHA JOKER V2 indicator is a Non-Repaint trading system usually being sold for $899.
Check out other MetaTrader 4 codes:
Any code in the CodeBase section is already part of a “disclaimer”. Create your account and connect with a world of communities. Also, I’ll definitely include the missing “CloseAllOrdersIfProfitIsAbove” setting in the next update, so you can test different values. However, the huge code base still remains at your disposal allowing you to find a suitable code.
I’ll work on adjusting the settings to aim for better returns without increasing the risk too much. Dollar Index Tracker displays the US Dollar Index (USDX / DXY) directly below the chart of your current trading pair. This makes it easy to compare the strength of the US Dollar against a basket of major currencies while analyzing your pair at the same time. It might be nice to dream that we can always just ride out any amount of DD while trading these kinds of EAs, but reality will eventually catch up with you. You don’t know where to start learning the MQL5 or MQL4 programming language?
Would be nice if we can test the variables for that setting rather than it being fixed at 0.01. This indicator is very accurate in very strong trend moments and dose not suitable to use when high-impact news is on the move. Next time I will definitely write Disclaimer instead of Note. Please enable the necessary setting in your browser, otherwise you will not be able to log in.
- It would provide a more dynamic trading strategy and optimize profit potential, even in unfavorable market conditions.
- And I agree, aiming for around 2% per month or 30% per year makes sense.
- It is recommended to test the EA on a demo account before using it on a live account.
- It uses a combination of technical analysis and real-time data to identify trades, which tries to identify market opportunities as they arise.
It would provide a more dynamic trading strategy and optimize profit potential, even in unfavorable market conditions. Something like “Allow counter-trades whilst basket is in DD”. Either in fixed (minimum) lot size or progressive lot size, true/false.
FX Pips Predator MT4 Forex Indicator is a NON-Repaint indicator system that gives easy-to-use buy/sell signals. It comes with an ON-SCREEN dashboard that tells you a lot of other various information and It gives you a Stop loss Level on the chart. Eg if Spacing of mostapha no loss v2 trades has been set at 50 pips, then counter trades could be set to start at multiple of say 3, ie 150 pips. This Indicator will make your analysis much more precise and your trades more accurate. Thanks to the smart trend analysis calculation mechanism, you will recognize the trending market and you will be able to open transactions in line with the big traders.
I strongly advise you to backtest the EA thoroughly with different settings on your chosen pairs, timeframes, and lot sizes before trading live. This will help you understand its behavior and make an informed decision based on your preferences and account size. “This is the Updated version of NoLoss EA” – As most of the indicators available in the market are lagging indicators that provide information after some time. This strategy eliminates the need to rely on indicators, candlestick patterns, chart patterns, or any price action. Just thinking this idea through a bit more, my suggestion of possibly having a progressive lot size for the counter trades, is probably suicidal.
No loss Hedging strategy EA
In an ideal world, every trader has permission to all market-moving information at the same time, the top Professional Forex traders from around the world united at Forex Forum to endow latest market intelligence. To make an ideal decision, traders need information that’s exact, true, consistent, insightful, and accessible. After all, when counter trades are open, and given that they are of smaller lot size than the progressively larger original trades, it should enable a profitable basket to be closed more easily. To me that means we are missing out on additional profitable Buy opportunities whilst price is going against the open Sell trades; ie an uptrend. However, with default settings for eurusd and account size of $5K, I only realise a profit of $150 in 2023 back test. That equates to only 3% pa which is less than I can get with a term deposit bank account in Australia.
- But then again, you don’t want to have to many entries since lot size increases rapidly with this marty system and if the trend goes against you big time, consequences will follow.
- I’ll work on adjusting the settings to aim for better returns without increasing the risk too much.
- Publish your applications in the largest library of MQL5 and MQL4 codes, and they will be available in every MetaTrader terminal and MetaEditor.
- You can choose the drawdown amount at which account will hedge and lock equity drawdown depending on your risk appetite.
- Trading Leveraged Products like Forex and Derivatives might not be suitable for all investors as they carry a high degree of risk to your capital.
While there is no guarantee of profits, this EA is designed to try for a potential trades on the account. The EA continuously analyzes the price movements to identify trades while using a range mostapha no loss v2 of factors, including market trends, price patterns, and volatility. It is recommended to test the EA on a demo account before using it on a live account. The strategy of the Good Profit No Loss EA is based on its algorithm that continuously monitors the price movements of the forex market in real-time. The product was created to withstand volatility of the forex market and safely invest large capital amount without major risks over long period of time. The product has been thoroughly tested under various conditions to withstand volatility for the currency pair GBPUSD.
Experts: No Loss EA – No Indicator, No Price Action strategy for MetaTrader 4
Better to stick to the same starting lot size of original trades, ie 0.01 lot in the example. What is probably more important is to work out what the best closing option is. And I agree, aiming for around 2% per month or 30% per year makes sense.
This range is designed to identify potential trades and execute them with precision. The EA also incorporates a risk management system which tries to execute the trades with minimal risk. This EA employs a progressive system that I have been using for the past six months and have backtested for over three years. To make an ideal decision, traders need information that’s exact, true, consistent, insightful, and accessible. I’ll definitely consider adding this feature in the next update of the EA.
The Good Profit No Loss EA’s strategy is focused the short-term price movements in the forex market. It uses a combination of technical analysis and real-time data to identify trades, which tries to identify market opportunities as they arise. Mostapha Joker is an indicator based on two moving averages and Rsi, which in the last period fills the forex forums with discussions. The indicator that I have here is perhaps not the orinal but it is still a simple version that runs on the forums. I thought of using this indicator (which is slow) filtered mainly by the price action with supports and resistances. It catches very fast and profitable price movements and gives you easy BUY/ SELL signals By Up and Down Indication.