Thursday, July 17, 2008

10PipsPro Expert Advisor Setting


MagicNumber


The value for MagicNumber by default is 0.


If you wish to test on multiple pairs in the same MT4 platform, just key in different number in the Value Column.



Pairs Tested So Far:


EUR/USD

GBP/USD

USD/JPY

USD/CHF

EUR/JPY


This EA works with other pairs too but I am not testing them all. I leave it up to you guys if you wish to test on other pairs not stated here.


Chart Time Frame is M15










Using Money Management (UseMM=true)


Risk = 1.0 means you are risking 1% of your account balance for the trade.


The Default Value for Risk is 30.0


The statement I sent to you guys is based on 5% risk per pair.



I am using this EA on 5 pairs. My risk appetite for this EA is high and I am very aggressive.


Total Risk for me is 30%.


This means if I trade the EA on 6 pairs, each pair I will risk about 5% (30% divided by 6)


If you plan to trade more than 6 pairs, please reduce your risk size.


Let say you would like to test the EA on 10 pairs, then 3% risk per pair would be the ideal choice.


In conclusion, you decide on the risk you would like to set because different people have different risk appetite.


You do not need to change other Variable values in the Inputs Tab.


This Demo Version of 10PipsPro EA is valid for testing until 31 July 2008, but a version will be made available shortly that will go until the end of August.


2 comments:

Drew said...

When you say key in diferent numbers to use other pairs, can you be a little more specific?

Thanks
Drew

qwert said...

One loss wipes out 30 wins?

-WNW