Blubbb's free indicator and expert advisor thread

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blubbb
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Postby blubbb » Sat Jun 27, 2009 2:02 pm

Fixed a bug and introduced an "auto detect" for the lot size (the EA will risk exactly 1% of your account on every trade).
I'll look into the MO money management, but I need to find the posts about it first... I remember he splitted every trade in 3 parts and closed them separately at different points. Or closing 2/3 first at TP=SL? I did something like this on another EA already, but I'm not sure if this is exactly MO MM.

Edit: Deleted due to a new version (see below).
Last edited by blubbb on Sun Jun 28, 2009 12:13 pm, edited 2 times in total.

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Postby PTG » Sat Jun 27, 2009 4:22 pm

Blubbb,

I suppose the MO post copied might be of help. I don't have the url at hand, just the text. Here goes:

As some one who used to use 75-250 pip stops to trade the weekly chart let me tell you that large stops are a waste of time and energy.

It is my belief that a stop loss should be no greater than 20 pips if you are to pull ahead of losses within a trading day.

SL should never be:

1. Less than 3x the spread
2. < 9 pips
3. > 19 pips

BREAK EVEN:

19SL, 13TP, 60% win rate.

PROFITABILITY:

0. Use a smaller stop
1. Liquidate a portion of your position in profit to reduce your average loss
2. Hold for a greater number of pips
3. Increase your win rate
4. Any combination of the above

Position sizing below is set up so that you liquidate 20% of your position at a time reducing your initial risk by >20%.

It is important that you never move your SL choosing instead to reduce risk through scaling out.

Position Sizing (100 to 1 leverage):

(1/3 covers margin and 2/3 covers trading up to 20 losses with a 20p SL)

Multiple of $300:
AccountSize / 60 = MicroLotsTraded

Multiple of $3,000:
AccountSize / 600 = MiniLotsTraded

Multiple of $30,000:
AccountSize / 6,000 = StandardLotsTraded

Multiple of $300,000:
AccountSize / 60,000 = FullLotsTraded

The answer of each are the dollars required per 5 lots:

Micro:
(5,000 * %MarginReq * 2) + 200

200 = 20 losses, 300 = 30 losses, 400 = 40 losses.
What is the maximum number of losses that you usually accumulate before moving up to the next level?

Mini:
(50,000 * %MarginReq * 2) + 2,000

2000 = 20 losses, 3000 = 30 losses, etc

Standard:
(500,000 * %MarginReq * 2) + 20,000

Full:
(5,000,000 * %MarginReq * 2) + 200,000

Example (25 to 1 leverage trading standard lots)

(500,000 * 0.04 * 2) + 20,000 = $60,000

$60,000 per 5 standard lots

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Postby prochargedmopar » Sat Jun 27, 2009 9:47 pm

A couple more MightyOne strategies for growing money quickly.
Notice the profit targets at the bottom with "small" SL's.

GOAL IS TO MAKE 40 PIPS PER DAY:

At that rate you can move 17 levels
down this goal sheet per year.

That is $300 into $27,000 & $9,000 per
week in income by the end of the year.

$300 / 5 micro / $100 per week
$600 / 10 micro / $200 per week
$900 / 15 micro / $300 per week

$1200 / 20 micro / $400 per week
$1500 / 25 micro / $500 per week
$1800 / 30 micro / $600 per week

$2100 / 35 micro / $700 per week
$2400 / 40 micro / $800 per week
$2700 / 45 micro / $900 per week

$3000 / 5 mini / $1000 per week
$6000 / 10 mini / $2000 per week
$9000 / 15 mini / $3000 per week

$12000 / 20 mini / $4000 per week
$15000 / 25 mini / $5000 per week
$18000 / 30 mini / $6000 per week

$21000 / 35 mini / $7000 per week
$24000 / 40 mini / $8000 per week
$27000 / 45 mini / $9000 per week

$30000 / 5 standard / $10000 per week
$60000 / 10 standard / $20000 per week
$90000 / 15 standard / $30000 per week

$120000 / 20 standard / $40000 per week
$150000 / 25 standard / $50000 per week
$180000 / 30 standard / $60000 per week

$210000 / 35 standard / $70000 per week
$240000 / 40 standard / $80000 per week
$270000 / 45 standard / $90000 per week

$300000 / 5 full / $100,000 per week.






~~~~~100 TO 1 LEVERAGE!~~~~~

GOAL IS TO MAKE 200 PIPS PER WEEK

GOAL IS TO MAKE 40 PIPS PER DAY

GOAL IS TO MAKE 10 PIPS PER HOUR

INITIAL ACCOUNT SIZE (SEE MAX LOSS):

T.$ 250 = 05 micro - x. $ 350 - xx. $750
T.$ 500 = 10 micro - x. $ 700 - xx. $1,500
T.$ 750 = 15 micro - x. $1,050 - xx. $2,250
T.$1,000 = 20 micro - x. $1,400 - xx. $3,000
T.$1,250 = 25 micro - x. $1,750 - xx. $3,750
T.$1,500 = 30 micro - x. $2,100 - xx. $4,500
T.$1,750 = 35 micro - x. $2,450 - xx. $5,250
T.$2,000 = 40 micro - x. $2,800 - xx. $6,000
T.$2,250 = 45 micro - x. $3,150 - xx. $6,750

T.$ 2,500 = 05 mini - x. $3,500 - xx. $7,500
T.$ 5,000 = 10 mini - x. $7,000 - xx. $15,000
T.$ 7,500 = 15 mini - x. $10,500 - xx. $22,500
T.$10,000 = 20 mini - x. $14,000 - xx. $30,000
T.$12,500 = 25 mini - x. $17,500 - xx. $37,500
T.$15,000 = 30 mini - x. $21,000 - xx. $45,000
T.$17,500 = 35 mini - x. $24,500 - xx. $52,500
T.$20,000 = 40 mini - x. $28,000 - xx. $60,000
T.$22,500 = 45 mini - x. $31,500 - xx. $67,500

T.$ 25,000 = 05 standard - x. $35,000 - xx. $75,000
T.$ 50,000 = 10 standard - x. $70,000 - xx. $150,000
T.$ 75,000 = 15 standard - x. $105,000 - xx. $225,000
T.$100,000 = 20 standard - x. $140,000 - xx. $300,000
T.$125,000 = 25 standard - x. $175,000 - xx. $375,000
T.$150,000 = 30 standard - x. $210,000 - xx. $450,000
T.$175,000 = 35 standard - x. $245,000 - xx. $525,000
T.$200,000 = 40 standard - x. $280,000 - xx. $600,000
T.$225,000 = 45 standard - x. $315,000 - xx. $675,000

T.$250,000 = 05 Full - x. $350,000 - xx. $750,000

x: Account value required to double lot size after 5 losses.
xx: Account value required to double lot size a second time after 10 losses.

Maximum Loss:

t: $150 per 5 micro: 15 losses.
x: $150 per 5 micro: 10 losses.
xx: $350 per 5 micro: 15 losses.

After 5 losses double your position size UNTIL LOSSES ARE OVERCOME.
After sustaining a maximum loss YOU MUST RESIZE to what are can afford

--------------------------------------------------

Suggested Minimum Profit Targets:

09 pip SL: Profit Target is 19+ pips
14 pip SL: Profit Target is 29+ pips
19 pip SL: Profit Target is 39+ pips
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby blubbb » Sat Jun 27, 2009 10:29 pm

Last version for today. Fixed a few things... again. I hope 1% is really 1% now. The short line now can also act as a take profit line for longs and vice versa.
As for the MM things... that made me a little dizzy. I think the main thing is: Only sizing UP the position size is allowed (unless, of course, you had too many losses). And this would require to store the maximum account balance you ever achieved somewhere in an external file. Otherwise MT4 "forgets" it on exit.
What I included: The new version opens two orders, one with 2/3 the lot size and a TP = SL. The other 1/3 lot order doesn't have a TP. If your decision is right from the beginning, you'll make a small profit even if the second order hits the SL.

Edit: Deleted due to a new version (see below).
Last edited by blubbb on Wed Jul 01, 2009 2:18 pm, edited 1 time in total.

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Postby MightyOne » Sun Jun 28, 2009 6:10 am

MM depends on what the trader is trying to do.

If you have $100,000 to trade and you place it all in a trading account then you are going to want to risk 1 to 1.5% per trade.

If you risk 1-1.5% per day then you should be able to come out ahead by 1-1.5% per day or 5-7.5% per week.

It would be dumb if you did not take advantage of the awesome leverage that Forex has to offer and keep most of your money at home:

If you have $100,000 to trade then you should open an account for $10,000 to $30,000 and risk 3-4% per trade.

If you only have $10,000 to your name then you shouldn't be risking 3-4% per trade as surviving is more important than quick riches.

Going down to the bottom of the barrel:

If you only have $500 to your name and you can afford to save $125/month so you can try again 3 or more times per year then I would suggest you risk 4% per trade until you reach $5000 (6-13 weeks of trading).

Depending on your level of skill you will make between $4,300 and $10,750 per month.

Take checks every week for any amount over $5,000 for the rest of the year.

Whatever you have at year end take 10-30% of it and put it back into your account.

If this amount is $25,000 and you have $5000 in your account then you are now making $25,800 to $64,500 per month.

Take checks every week for any amount over $30,000 for the rest of the year.

etc etc you get the picture.

You do not need sextillions of dollars :roll: remember that!

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Postby prochargedmopar » Sun Jun 28, 2009 6:50 am

I want to go straight to 30k. No funds withdrawn until then.
Do not pass go, do not collect $200.
Once to 30k, quit job and let bank account grow.
Only "need" $600 per week, rest can compound.
Once trading account is to 50k........ It will sit there forever to be used as business income. Untouchable.

1% per day is $500 per day or $2500 per week.
That's not sextillions of dollars....That's only $120,000k a year.
I'm not greedy.

It must be possible because last week I do not feel that I had one good trading session all week.
I did not let any trades run while in profit, meaning I did not let the market tell me when it was time to exit. I exited out of fear.
I still increased my account by 111%
1% per day should be attainable on a regular basis.
As should the 50k account balance.
Hmmmmmmmm.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby blubbb » Sun Jun 28, 2009 11:23 am

So we need an input value for how much money a trader has in his name (but not necessarily in his trading account)? And one for the percentage.
Can someone please verify if the EA really risks about 1% in every trade? You know, 1 lot in EURUSD is not the same percentage as 1 lot in USDJPY. Depends on the pair and your account currency.

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Postby frang0nve » Sun Jun 28, 2009 1:34 pm

Hello,

I've been searching about MOMO and Zlines setups for a while. After long hours I could catch glimpses here and there. Could someone be so kind to help me to see it better?

Cheers

Francisco

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Postby rowdy » Sun Jun 28, 2009 2:23 pm

Deleted Post
Last edited by rowdy on Sun Jun 28, 2009 3:46 pm, edited 1 time in total.
All I need is Supply and Demand

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Postby blubbb » Sun Jun 28, 2009 2:35 pm

Zero lines are NOT lines with prices ending with a 0!
Zero lines are lines at prices where profits are "zeroed out". When you see that momentum is building, there is always a zone where a lot of traders got into the trade and who are very happy (at the moment) with their profits. Sooner or later price will turn on them (since more and more traders take their profits). As price rushes back to the zero line traders must hurry not to give away all their profits... for more please read the thread "Never lose again", especially MightyOne's posts!

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