Discuss USDBot.com

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[frazerd]

How to Make This EA Successful

I have been running a demo with this EA on both EURUSD and USDJPY in the same account and it has had a gain of 36.5% since 30 Apr - less than 2 months. Rather than the recommended M5 chart, I am running it on H1. I am not using the default settings. On my $1000 demo I use .02 lot for each pair (.04 Lot total). The default 0.1 lot is too much for a small balance. .04 lots per $1000 seems to be a good figure which will keep you out of trouble. I plan to increase lot size .01 for each pair every $500 gain. Rather than the StopLoss 30 and TakeProfit 30, I use SL 25 and TP 35.

I have not determined what criteria the EA uses to enter trades, but it never has more than 1 trade open at a time for a given pair. If it closes a losing trade it will open a trade in the opposite direction for twice the number of lots. It will keep doing that until it hits a winner. I have had as many as 5 losing trades before hitting a winner. With the default settings that would be an overall loss. But with my altered settings the final winner will always be more than enough to cover the losers.

I am using a GoMarkets demo and plan to start trading live with this EA very soon. GoMarkets is a non-dealing desk broker, so you get market execution with no manipulation of trades on opening or closing. The EA might not work as well with a dealing desk broker.



Hope this helps others make some money with this EA.

 

[pikiwiki]

USD bot

this bot nearly killed my account. any attempt to contact support, like so many other bot suppliers, was unsuccessful. ran it on default- works out of the box(?) on a .001 lot size it went through ONE HUNDRED DOLLARS in three days. it was like a rabid virus that ate my money and puked out heartache. how some people sleep at night is really beyond me.