New EA Dashboard - Currency MeterV3

This is my review for this thread:
very good Ea

 

Thank you so much for this great tool, and I would like to share my experience with you all guys after I made good profit out of it.

My experience and the way how I worked with this EA might be deferent than others , but I believe that it's worthy to be tried by you guys. However, I'm a person who doesn't like to to write and talk too much, so I will go to the points directly. Wherefore, Let's go to my business plane with this EA:

1- I opened 28 charts and attached this EA for ever and each chart.
2- Changed the following inputs:

A. Use the default pairs: false
B. Comma separated own pair list: I added the chart pair name where the EA is attached.
C. Magic Number: I signed unique magic number for every and each pair to avoid any interference with other orders.
D. Basket Take Profit in $: 10
E. Basket Stop Loss in $: 100

I ran the EA for almost a month, and then I removed all the pairs that could not make profit during this time, and I kept the pairs which does make profit. The idea of this step is to remove the pairs that are not compatible with the EA's strategy and kept the pairs that are good with the strategy. Also, I made something else to increase the profit of each pair, I split the trading hours of the day to three sessions, Sidney, London and New York. The idea out of that is to identify the good trading time session for every pairs. If you are experience enough in trading and with EAs you will know that every pair could make profit in specific session, but also it might make lost in other sessions. So, you have to find out yourself what is the best session for every pair.

Now, the EA is making good profit, and the good thing is that it does not requires a big capital to start trading for the first time with it because it makes profit once you run it.

I will include a set file of EURUSD for your knowledge, all what you need to do is to change the pair name and sign a magic number for each pair as explained earlier.

However, the concept of sharing this experience with you guys is to open a new door for you to think and make profit.

Again, giant thanks to developer for sharing this great tool.

 

I have put the EA like your guidelines but which didn't close any trades although it had profit. Could you pls write me of your advice

 

Non of them is my set, not even closer...!! Please use the set file that I attached in my previous post and follow the guidelines.

 

All the settings and recommended timeframes depends on many factors like spread, breaker and session. For example: some of the pairs works good with M15 time frame, but it doesn't do same with deferent timeframes. Also, some of the pairs are doing very good in specific sessions but it doesn't with other sessions. So, you need to find it out yourself.

Suggestion: Open 5 platforms and apply the guidelines I mentioned earlier for each of them. Set each platform in deferent timeframe such as M5, M15, M30, H1, H4. After couple of weeks check the result in every platform, you should get deferent result in each pair. Chose the timeframe that made better result with each pair and move it to new and fresh platform. If the pair doesn't make any good result in all platforms just remove it and don't add it to your new platform. In the end you will have pairs in deferent timeframe within your new platform.

I hope this explanation is enough to express what I'm trying to say. Again and in another words, whenever there is a new EA was posted in any forum you will see people whom are happy with the results, also there is people whom are not happy and complains about the result. The reason behind this is because each of them is using deferent broker, and each broker have deferent properties such as deferent spread, slippage, account type ... etc, So, for sure the result will be vary from trader to another, And, you have to work out yourself to find out what is good settings that are match with your broker properties.

 

I have set according w.r.t your setting but turn on 28 currencies whereas, lot of profit seen but didn't close. could you pls advice more whats the actual causes.

Thanks,
----

 

In my setting, once the total profit of each pair reaches $10 then the EA will close all open orders of that particular pair and start a new round again. If you have deferent scenario it's meat you are not using my set.

 

By the way, you might need to adjust the trading session time to match your broker timing if needed.

 

Dear brother,
Pls see my attached file where more than $60 profit whereas, some of particular pair profit more than $10 but EA dont close any of trades.
Could you pls clarify more !

Thanks,
---

 

Dear Brother,
Another one attached file could you pls see the last updated profit but which didn't close

 

De

Dear Brother,
Could you pls see the attached Dashboard which many pairs showing more than $10 profit but which didn't close. Could you pls write me whats the actual causes ?

Thanks,
---

 

I think if you go through my steps and understand them you will not ask this question my dear bro. However, the $60 in your account is the total of all pairs, but my set has been modified for every and each pair, so it will close the orders if ONE PAIR ONLY gain $10.

 

This is completely wrong and you didn't follow the steps.

 

This is my review for this thread:
very good

 

Hello. I am trying to use this EA as you suggested. I am trading only on 5 pairs of currency, each pair is in separated window BUY and SELL. I have to analyze it a few weeks.
I have one question about setup of EA. What is 'MINIMUM PIPS TO OPEN POSITION' in section Trigger Management? I have max 10 trades per pair, but I see that EA opens many of them or all of them very close each other. It doesn't look good when the price will fly away from opened positions, it generates quickly huge equity loss. How can I avoid that? Thanks in advance for your time and help.

Regards

 

I think the correct person who should answer technical questions is the thread owner Riza Rohman.

 

How to install this EA

 

EA doesn't work for me it used to GCi MT4 but that's gone now it just dioesn't load on any other MT4 it was good
Any Ideas how i can make it work

 

ive noticed
-that there is lots of trades with 0 profit results,
-basket profit is set to 10 but when reached the trade does not close,.
-
any ideas?

 

OMG i've been playing with this Dashboard off and on, and you found the trick,,, bless you, i just used your setfile just last night, and it closed $47 in trades as of right now, i will start to test on other pairs per your guidelines....again thank you for giving us a starting point to launch from