Big Profit Without Using Any Indicator - page 51
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Hi guys it's very dangerous to use V1 and V2 EA (or V1+V2 EA) on mini account !!! Cucurucu say 3000$ or more!!!
I try to backtest V1+V2 on mini account from 500$ since 2001/01/01 to 2006/01/01 and few result are good!!
The problem is the startup of account from 500$ to 3000$: during this period the system is very vulnerable. When the market going to in a strong trend, system open more trade (0.01+0.02+0.04+0.08+0.16+etc...), the free margin and equity go rapidaly to zero!!! If we not have more money to support this situation, the sistem crash and we lose all money!!!!
We must made a solution against this!!!
Thx
Bolla
but Gbolla
i understand for miniaccount you must start only v1mini+v2mini
no v1+v2
but Gbolla
i understand for miniaccount you must start only v1mini+v2mini
no v1+v2No, you can use V1+V2Mini for a mini account, and the lot sizes are adjusted so you can begin with $300.00 and be just fine.
The difference from V1 and V1mini (the same for V2) is the calc of min lot.
With V1 we have:
minlot=Balance/6000/100
...so every 6000$ on your account, you double the lot
Example: start with 3000$ on your account--> minlot=0.01
when your accont is 6000$ --> minlot=0.02
when your account is 12000$ --> minlot=0.03
...and so on!
with V1mini we have:
minlot=Balance/600/100
...so every 600$ on your account, you double the lot
Example: start with 300$ on your account--> minlot=0.01
when your accont is 600$ --> minlot=0.02
when your account is 1200$ --> minlot=0.03
...and so on!
There is another difference about Maxlot:
On V1:
if (AccountBalance()>6000) MaxLot=MathFloor(AccountBalance()/40)/100;
On V1mini:
if (AccountBalance()>6000) MaxLot=MathFloor(AccountBalance()/4)/100;
...there is an error here ^ .(I suppose). The correct is 600 and not 6000!
Like you see, both V1 and V1mini start with minlot=0.01, but there is a big difference about the margin free because (the margin used for 0.01 is the same) on account with 3000$ we have enought money for trade another lot (0.02,0.04 and so on...) instead on mini account with 300$ there is a dangerous situation.
Make your calc!!!
Thx
Bolla
There is another difference about Maxlot:
On V1:
if (AccountBalance()>6000) MaxLot=MathFloor(AccountBalance()/40)/100;
On V1mini:
if (AccountBalance()>6000) MaxLot=MathFloor(AccountBalance()/4)/100;
...there is an error here ^ .(I suppose). The correct is 600 and not 6000!
BollaThere is no error. For a 6001$ mini account, maxlot will be 15. This means 1500$ and it's 25% of the account balance. It is ok.
For a 6001$ standard account, maxlot will be 1.5. This also means 1500$ (25% of 6000$).
The margin used for 0.01 is not the same. In mini accounts 1 lot=100$, in standard accounts 1lot=1000$.
but can i use 0.01 lots on mini account?
Thx
Bolla
Then it comes back to human ego,
First, we worked together,
it was fun and we were getting better with the system
then someone knew more about it and hide it for himself.
he forgot about the community and go for his ego
even he sell it...
sighhh...same old story
Thiz my Statement 3 days with demo micro lot .
Thiz my Statement 3 days with demo micro lot .
It would be nice, with so many EAs floating around this thread, if you told us which EA this was on, what currency, what timeframe, and anything else to help us understand.
Thank you.
i used Blessing martiangel_V7 in 1 hour TimeFrame. used in pair UJ, EJ, EU, or UCHF