The competition is perfect for traders who like to trade volume, what better way to sweeten your trading activity than to be included in a live volume-based trading competition with the chance of winning a Tesla Model 3 for the trader who has traded the most volume, each month, for 10 months. On entering the competition, you are automatically linked to the live trading board so you can easily see who you are up against and where you stand in the overall rankings. Crypto Hub.
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Can You Use an MT4 Expert Advisor Trading Robot in the Trading Contest?
Promotional Content. Each trader can see their position live on the competition dashboard for full transparency. Live trading competition dashboard On entering the competition, you are automatically linked to the live trading board so you can easily see who you are up against and where you stand in the overall rankings. This EA actually determines the entry and exit points for the trader on a continuous set and forget basis. It will stop opening deals if market conditions are not good. Yes, you are right. This EA however only opens trades in trending markets. All Moving Averages have to point in the same direction and the ADX indicator must be at trending levels.
These filters are essential to the success of this great EA. We do provide set files. We do also provide the test setfiles clients can use for the back traded results which traders can copy and create their own set files. These settings worked well in the past and, as always, nobody can guarantee that they will work into the future. The default setting are not usable as they do not take the timeframe, currency and broker account the trader might use into account. You do however need to personalise settings provided to your own broker and broker account anyway.
That is the best way of aligning your broker account with the EA. See the video provided in the marketing material. Yes it does use the multiplier concept. It opens deals in the direction of the trend at the close of each candle rather than at each grid level. Many traders find that a better approach as targets and stops can be set to improve gains rather than cashing in at each grid level which some find limiting.
This EA is not favourable for US brokers. Hedging and non FIFO trading can take place. Having said that a very high percentage of the owners of this EA are from the US and have not experienced problems.
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This is a rough but reasonable guide. Please study the tested setting results to get an idea of how the tested account sizes used relate to the account and approach you intend using. We value your privacy and would never spam you. Recent Comments from our Forum: " This week has been my best week to date: over pips in total".
So What is the Make Money Capable of?? How does the EA work and what are the settings? This EA is a trending EA that only enters trades when the market starts trending Please refer to the input section shown to see how the items below are catered for in the EA The EA will enter a deal in the direction of the trend at the close of every candle at the price of the closed candle. The trend is determined by 2 moving Averages a slow one and a fast one. Both moving averages must be pointing in the same direction for a valid trend to be in place.
You can change the setting for these MAs You can limit the number of open deals you what to allow. Every transaction can be given a target and a stop. Reaching the target or being stopped out is one way transactions are closed. When the trend changes from for example a Buy to a Sell you can decide if you want to keep open transactions open or to close them all. That is another way transactions are closed. You can use the ADX indication to filter out transaction that occur in sideways markets.
Forex Ea Competition
The ADX measure the volatility and trendiness of a currency. You can determine the time of day you want to allow the EA to open deals You can determine the Day of the Week you want the EA to open deals. You can even change the direction of the trades so that the EA will trade in the opposite direction. How to personalise the EA for your personal Forex trading account. If you are using smaller accounts you need to take this into account and also use the potential drawdowns you may encounter into account. All backtrading was done using GMT as the broker timeframe.
If you have a broker with a different server time zone you need to adjust the time of day settings. This is quite easy. How easy is it to start trading the MakeMoney EA?? What support can I expect?? Technical support There is ongoing professional technical support available from EAFactory who are responsible for the technical aspects and support of this EA.
Forum There is a Make Money Forum created in the Expert4x Forum to support traders who need trading assistance and would like to share their experiences with other traders. On screen help The Make Money EA has a revolutionary new, on screen, help facility whereby you can find a possible answer to your exact problem as it happens. Settings The best settings are updated regularly and published on the EAFactory website.
Welcoming process When you purchase the EA you are redirected to a G eneral Expert4x Welcoming webpage giving you guideline on getting the best out of your EA. One on one online meetings. More On Expert Advisor Settings Using the best Settings is important when trading Expert Advisors There are no magical settings that will work all the time for every currency, timeframe and broker account. However to help you find the best settings were provide 2 main sources of information regarding settings for Forex and Index Trading: We have over 30 optimised Forex settings setting what worked best in a recent 12 month period covering the 10 main trading currencies and 3 timeframes and a further 18 optimised Index settings covering main indices and 3 timeframes which you can access and download for all our set and forget EAs.
These FREE settings are downloadable from the EAFactory website from the product information page on their website after your purchase. You have to register as a forum member. New to Forex robot trading? Tips on getting the best out of the Make Money Expert Advisor 1. Use position sizing of 0.
Test as many currencies and timeframes as your computer resources allow. Know the function of each setting as described in the user manual. Study this marketing page and watch all the videos provided.
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Learn how to download testing set files Video on this page. Learn how to calibrate and optimise the EA for your broker account Video on this page 8. Make sure you know the basics of Forex trading by doing the free courses on this page. These videos may show details of another Forex Robot but the process used applies to all Expert4x EAs. Learn How to Load your EA. How to Load Set Files. Limited Capital? Learn how you can trade with limited funds using 1c accounts.
Forex Trading Competition 2021
These accounts treat cents as dollars. This allows you to trade all Forex robots with relatively small amounts capital.
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