100 Pips a day
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Thread: 100 Pips a day

  1. #1
    esgrosovon
    Guest
    I am no guru.
    I am no Profi.

    I cam across this EA in a different FX Site. It opens up 10s of transactions in qa very brief time. On DEMO and it had been fantastic however....

    Losing transactions ate up all the profits.

    Any proposals or editions into the EA that may factor in a stop loss?

    It had been designed originally for its 5mins TF.

    Thank you for your time and inputs.
    https://www.forexforum.co.za/attachm...0877000885.mq4

  2. #2
    esSbesgarSuz
    Guest
    Hi enzomarcon,
    welcome to the forum.

  3. #3
    EsSojesndresrto
    Guest
    Ilan and escape are in MQL4. I'd conduct them and everything else just on different demos, never live and I'd completely ignore the profit lure.

  4. #4
    EsSos95
    Guest
    Quote Originally Posted by ;
    I am no guru.
    I am no Profi.

    I cam across this EA in a different FX website. It opens 10s of transactions in qa very brief time. On DEMO and it had been fantastic but....

    Losing transactions consumed all the profits.

    Any proposals or editions to to the EA that could factor in a stop loss?

    It had been designed originally for the 5mins TF.

    Thank you for your inputs and time.
    Hi akara, I am no guru,infact I just opened an Alpari live account two months ago with 1000USD, I have been making between $1 to $5 per day because I scalp and I have had more losses than profit, just today I discovered MT4 platform comes with a free EA called Moving Average. I used it and this is its 4th trade today and I have made 500$. I know if it is going to keep making this cash but so long as it is made by it, I am game. Therefore, if you're using MT4, I suggest you test out the EA, works fine by me

  5. #5
    Quote Originally Posted by ;
    If the EA worked it would not be for free or sale. If you could create 100 pips a day with that EA you'd be a millionaire in 3 months. I say it is improbable
    I disagree with you, if you could create 100 pips a day, you'd be a billionaire in 3 months. Lol

    With a 100:1 leverage plus a $1000 account. It is possible to double your account every day. At least 60 trading days given 3 months, you have. So you could have $1000*2^60 following 3 months. That's a lot of cash.

    By looking at this example, I can say with assurance that no such EA exists. Nor can you find an EA that would provide you such high consistent profit on a daily basis.

  6. #6
    esgrosovon
    Guest
    I just found the EA on a Forex website and thought I share it on FF.

    Have played with a set file taking tp in 10 pips however, the losses additionally buiƶd up.
    Had believed some you can tinker with the logic to improve on the logic.

  7. #7
    esutnuc59
    Guest
    this ea makes 17 sequential plus transactions in a row then one losing one as of ( NO STOPLOSS) could any one please code this ea just for simple stop loss
    I have been a silent reader of all the fantastic coders of all ff
    thank tyou for the kind attention

    https://www.forexforum.co.za/attachm...6789283389.mq4

  8. #8
    oCuSuaaxuk
    Guest
    Quote Originally Posted by ;
    this ea leaves 17 sequential plus transactions in a row then one losing one as of ( NO STOPLOSS) could any one please code this ea only for easy prevent loss
    I have been a silent reader of all the great coders of all ff
    thank tyou for your kind attention
    Gary, I really don't like to ruin somebody's confidence and illusion but honestly, the sooner you wake up, the better for you. This EA won't make you money. Markets are not that easy. Even the EA takes profitable trades until it overlooks the path, the pair turns on a dime so that the EA can not even set its tracking stop and runs off. Sadly, this happens more often than one may wish and hope for. Regardless of what stop you'll set, pips dropped will exceed pips created. Many EAs with far more sophistied transaction logic than that one have similar behaviour.

    Examine yourself, here is your EA using a stop loss setting, and a few tests on current cable with 50, 100, 200 and 500 pips prevent.

    I'd strongly advise you to be VERY aversed to everything that looks too good to be true in the forex world. Especially avoid all the martingale-based holy grails; they appear to make you money day by day, hour after hour, but in reality they're hidden losers determined to blow off your account daily.

    Edit: just looked at the code and the EA is hard coded to take the price and MA worth off M5 TF so it doesn't matter on which TF you really run it. It does the following: it sells if a M5 candle crosess SMA(6) and buys when a M5 candle crosses SMA(7). Then it trails that the stop when it makes 5 pips (if extended ) or even 10 pips (if short) profit. That is all. Wish trading has been so simple;--RRB-
    https://www.forexforum.co.za/attachm...1124119150.mq4




  9. #9
    esutnuc59
    Guest
    Https://www.forexforum.co.za/trading...-scalping.html
    Would you please Have a Look at this one and see Whether we Could Boost this
    your great attention is Valued

  10. #10
    esSbesgarSuz
    Guest
    Quote Originally Posted by ;
    When the EA worked it wouldn't be for free or sale. If you were able to create 100 pips a day with that EA you'd be a millionaire in 3 months. I say it is unlikely
    Exactly. So many people keep getting on baits.

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