theozaki

Can't decompile here atm, so if you have a mq4 version I can have a look at edu.

 

San4x can you please educate the decompiled version already posted in this thread !

 

Thanks in Advance !

Many negative comments on his methods and marketing tactics on FPA. He appeals to the newbies and the ignorant traders and what anoys me the most is that we have to hold our breath until Monday when he officially releases it to find out how much it will cost even though he insinuated he was going to give the price on one of his videos. Smells like scam to me already !

For those traders that believe that using Million Dollar Pips without factoring in LATENCY will profit from this EA long term please read below : The use of a VPS service located close to your Brokers servers becomes crucial with fast high frequency scalpers like this one :

 

The Low Latency Advantage in Online Trading

by Barry Bahrami of Commercial Network Services

 

Latency is arguably the most important and often disregarded factor for the online trader. It is often neglected because it sounds like a complicated computer term, but understanding what it is can quickly and substantially increase the trader’s earnings. Computer networks communicate by sending packets of data through the Internet. Latency is the time required for data to travel from the source to destination network. It is measured in milliseconds, or 1/1000th of a second.

 

It is a public misconception that everyone enjoys the same Internet. Data traveling over the Internet can be compared to delivery vans on the road carrying packages to their recipients. The recipients of the packages are all over the world, and so some delivery vans must travel a lot farther than the others in order to reach their recipients. Some experience delays due to detours and traffic jams. Others experience lost or damaged packages and need to restart the delivery again at the expense of time. The delivery van that travels only a city block or two will get to the destination first and with little chance of damage to the packages. This is because the other delivery vans travel hundreds or even thousands of miles farther to reach the destination, which increases the time required to deliver the package and likelihood of a problem or detour along the way.

 

With online trading, latency is even more crucial because data must travel round trip to make a single transaction. That is, a price quote must travel from the broker’s server to the trader’s VPS to be processed and then the data must travel the same distance back to the broker’s server to enter or adjust an order. Since the market waits for nobody and will continue to move while price quotes are in transit, the trader with the lower latency VPS will always have a more true and real-time reading of the market then the trader with a higher latency VPS. If the market is volatile and latency high then the price quote may not be “fresh” when it is finally received by the recipient.

 

The financial advantage of a low latency VPS over any other VPS can be staggering to the trader. To understand why, we only need to adjust our previous example to better reflect the real chain of communication in an online trading scenario. That is, data must travel from the broker to the VPS and back to the broker.

 

Imagine two traders; one is located in an office two city blocks off Wall Street and the other in a costume shop 880 miles away in Atlanta, Georgia. Both are using the same NYC broker. For the purposes of this illustration, imagine the price quotes and orders are sent by taxi from the broker to the trader and back.

 

For the first trader in NYC, the data must only travel from the broker down the street two blocks. That trader then sends the taxi back another two blocks with instructions for the broker to open or edit an order.

 

Although both taxis left the broker at the same time, the second trader will not receive their same price quote before the first trader has already sent their taxi back and entered an order with the broker. This is because the second taxi must travel an additional 880 miles just to deliver the price quote – the first ½ of the round trip. It must then make the return trip back – all while the market continues to move during their journey to the destination. The first trader will have completed many round trips for every one made by the second trader. During periods of volatile market activity, the price quote received by the second trader may not even be current due to the longer time required to deliver data. Clearly, the trader only two blocks away from the broker has a tremendous advantage over the other nearly 900 miles away.

 

Although data really travels much faster over the Internet then cars do on the road, the distance data must travel and the time advantages are virtually the same in real world online trading. The result is that the trader closer to the broker will receive price quotes and execute orders significantly sooner and with fewer errors then any other trader, and always have the most current representation of true market conditions.

 

Errors?

 

Yes, errors in trading. Higher latency connections are more prone to packet delivery delays and loss. It is a missed opportunity for the trading terminal every time the expert advisor receives a late packet or experiences connection problems with the broker due to the longer path the data must take through the various networks that make up the Internet.

 

The proof is in the results

 

If you think this is only theory then think again. The difference can be substantial and will vary with the strategy employed by the EA. Just how much of a difference can be demonstrated by reviewing the same exact EA to the same NYC broker from two different Commercial Network Services data centers, each located on opposite coasts of the United States.

 

On April 26, 2009, Commercial Network Services restarted all demo expert advisors at US$25,000 to better illustrate the importance of low latency to the online trader. In the most drastic example, the Bogie-NN-v8 expert advisor in the CNS NYC data center enjoyed a 284% larger profit than the same EA in the CNS SDCA (US west coast) data center to the same NYC broker. While the EA managed to earn a US$870 profit on a US$25,000 account after only 9 days from the US west coast VPS, the same EA with a low latency NYC VPS to the same NYC broker earned a US$2,475 profit during the same time period – nearly 3X more profit. The results continue to compound, and can be viewed in real-time on the CNS Top Expert Advisors page. The advantage in this example can be dwarfed by scalping EA’s, such as FapTurbo and Megadroid.

 

In reviewing the statements side by side, it’s easy to see how lost packets along the way and the higher latency from the increased distance can result in less favorable or missed trades. Every lost or delayed packet is a lost opportunity for the EA.

 

After reviewing the MT4 log details, William (Wackena) Boatright, the author of Bogie NN-v8 and 2nd place winner of the 2007 Automated Trading Championship said:

 

I did not find reason for difference by reviewing logs. I was hoping to find login to server issues. If both demo are running on same server URL, the west coast demo did not see all of the same trade signals that NYC had. Only reason I can think of is server connection difference. I have not seen on my CNS vps, but on my local PC, MT4 terminal will lose connection to server without a log entry to ID. I manually login again and then MT4 terminal reconnects.

 

Best regards,

 

William (Wackena)

Bogie Enterprises

 

 

 

In another example, the advantage of a low latency VPS for EA's that enter market orders can be realized. Reviewing the following Artemis Breakout statements side by side demonstrates price advantages for the lower latency VPS with market orders. The Artemis Breakout EA was started on April 30, 2009 in identical VPS’s within CNS data centers on opposite coasts of the United States. After just a few short days, the lower latency VPS is already securing better prices on executions over the higher latency VPS. Notice the time of the two highlighted orders are the same, but the lower latency VPS secured the better price for the market order. Indeed, the profits realized from the better entry prices will add up quickly.

 

 

: )

I feel the major issue with this signal service is the Drawdown and the lack of a realistic stop loss. I will be running this next week alongside another bot which will manually set and overide with a fixed stoploss but its TP functionality will remain untouched and i will allow the bot (Auto fx) to control TP entirely. The other Bot allows me to conrol the SL with three different options.

 

A. A predefined fixed SL in pips.

 

B. A SL based on recent swing Highs and Lows where i can define how many Bars or Hours back i use to determine the swing high or low to set the SL

 

C. An option to select SL based on setting a risk percentage based on account balance !

 

I will experiment with options A & B to see which method performs better without affecting profitability ! I feel a fixed SL of around 60 pips is reasonable because most TP's so far have been between 10 & 20 pips with a few as high as 30 pips.

 

However option B will probably be the best option for this Bot because its pending orders are based on reaching Major Support or Resistance levels to trigger its buy or sell trades. The SL should be ideally dynamic also to set SL levels based on previous swing high or lows within a previous 10 to 12 hour period !

 

I will provide a link to download this other Bot to all here if i feel that it will improve the DRAWDOWN Auto fx Millionaire sustains whilst not affecting its profitability !

 

Cheers

Apparently the creators recommended lot size settings are way off the mark. Since this copier can open up to 5 trades on the same pair then i recommend setting a lot size of around 0.01 lots per $600 dollars balance. He recommends around $200 per 0.01 lots. I'm demo trading an account with a balance of $10800 with 8 open trades currently and a drawdown of $1300 or a drawdown of 12% trading 0.17 lots which i considered conservative but i would prefer to keep that drawdown under 10% !

This EA could do with some time settings as each trading session is more profitable than the other. Asian generally bad!

 

Yes, thats a good observation ! I would agree with that because the EA needs price movement and some volatility to reach TP levels. The asian session is generally flat and non trending anyway !

Has anyone here bought the manual system ? I'm trying hard to understand the trading logic of opening double trades of the same pairs with only a few pips difference between the pairs. Trade with very small lot sizes and not what the vendor recommends otherwise you will see drawdowns in the vicinity of 10 to 20% with the creators recommended lot size settings very often.

 

Despite it profitable consistency tread carefully with this one because it appears to be a bottomless pit with no SL that is realistic and safe. The emergency SL it occasionally displays on the orders is not something that would leave you smiling anyway ....

obviously you haven't bothered to read all my posts.. @sshole.

What a surprise.

 

Some of my posts are constructive.

Some are not, like this one.

 

 

i do not suffer fools gladly.

 

"civil and courteous?" if you don't understand that sometimes people need to be knocked on their @ss (verbally) for their own good then you are indeed ignorant.

You must not have children.

 

If you do, i feel pity for them.

 

 

Where are you getting this martingale stuff?

You must be pulling it out of your arse.

 

Well, that would figure, wouldn't it.

 

 

anyone who uses a martingale is a f***ing 1d1ot.

 

 

and, you 1d1ot, a martingale means one thing and one thing only:

 

a doubling of a losing bet. Nothing else. Martingale = double.

 

if it doesn't double, it's not a martingale.

 

you and most of your ignorant colleagues here have been throwing that term around without knowing its meaning.

What a surprise.

 

 

look it up in the dictionary.

 

oops!! I'm sorry; for you it would be the d1cktionary..

 

 

 

Over and out, d1ckhead.

 

 

 

i dont give a f*** about your opinions and comments about martingale or any anything else . You are just a f***** s** of a b***

 

 

once again take your negativity towards me and shove it up your a***

 

you f***** a*****

It seems you're a moron.

 

The EA is what it is.

 

If the EA permits a 40% DD, all by itself, and you agree with that, God help you for being an 1d1ot.

 

It seems that you're the moron and the ***** who doesn't know how to be civil and courteous on this forum ! Who said anything about an EA allowing 40% drawdowns and me agreeing with it . Martingale strategy doesn't necessarily have to be DOUBLING of losing lot sizes. It can be INCREMENTAL also ! That is still martingale in my book !!

 

It appears to me that you practice martingale in your own trading which would explain why you reacted offensively. I guess that makes you a GAMBLER and not a trader. Keep your offensive opinions to yourself .

 

Obviously you don't understand anything and you are unable to offer any positive commentary here on this forum. Please take your negativity and offensiveness somewhere else and offer something constructive and meaningful here on this thread.

 

TAKE YOUR NEGATIVITY AND SHOVE IT !!

megainvest,

 

The unfortunate truth is that it will sooner or later flush all your hard earned cash and winnings down the toilet in the same way all EA's which are "too good to be true" do ;)

 

Maybe, but not if the strategy is solid and profitable and ofcourse if the risk is managed conservatively with the correct lot sizing then you never see drawdowns like 40% of account balance !

 

40% drawdowns are a result of one or a combination of the following :

 

A. Account is over leveraged meaning that the lot sizes used and risk setting is too high !

 

B. The trading strategy is flawed and not profitable long term.

 

C. The trading strategy uses martingale !

 

The first choice is ultimately the traders decision but the remaining two options separate the great trading systems from the rubbish. I hope that Auto fx Millionaire doesn't fall in the rubbish category. So far it looks great and i have heard similar results from traders on other Forex forums trading both live micro lot accounts and demo accounts. But it has only been the first week of trading and too early to judge this trade replicator !

If you would look at the MT4Live account closely you would see that there are HUGE drawdowns with this thing.

 

It's a disaster waiting to happen.

 

Do your due diligence and either get your refund while you can or forget this.

 

 

Drawdowns can be managed to a great extent by the correct lot sizing. This EA seems to use a combination of strategies including hedging , scalping , swing trading at significant support and resistance levels to set the pending buy or sell orders. It is amazingly consistent, accurate & profitable so far. Its first week of trading has been amazing on my demo account. Another few more weeks of demo trading will show any flaws in the strategy !

Results look very impressive so far but early days yet ! 10,000 demo account with Go markets trading 0.5 lot sizes. Trading from Monday 22nd August until Friday 26th August. 16 trades closed in total 14 winners and 2 losers with a net gain of around $1040 dollars. i will Continue trading Demo for another two weeks before deciding to either ask for a refund or start trading it live.... So far it looks good !

I bought the bot today and will start trading it on a demo account as of Monday before i am even tempted to place it on my live account. The 30 day refund policy makes it a risk free purchase. Maybe i will be a millionaire too this time next year . There is no harm in dreaming ....

A further Ea update ! Apparently the Dinapoli EA that was coded for me was blocked from opening orders on some brokers such as Go Markets. The EA has been further revised and updated to set TP and SL levels on the order immediately AFTER the Buy/Sell order is executed and not at the same time which was being blocked from the brokers side ! The EA now works fine....

 

Just a few notes after the change:

MagicNumber - If you trade on more than one of the same pair then you need to change the number.

Example if you load the EA on EURUSD M15 and on EURUSD M30 then give one a different number here.

If you trade on one pair at a time then you need to change nothing.

 

Lotdigits is the minimum lot your broker allow. If your minimum lots size is 0.01 then make this setting 2 because there

are 2 digits behind the decimal point.

 

http://hotfile.com/dl/127262374/7f88feb/Dinapoli_EA.mq4.html

Hi Guys,

 

Please find a more updated version of the EA via the link below ! It is more suited for trading with 5 digit brokers whereas the previous version was not.

 

Also make sure to manually load the indicator on the charts even though the EA does call for it via the Experts/Indicator folder !

 

http://hotfile.com/dl/127077857/b70c0a2/Dinapoli_EA.mq4.html

 

Cheers

An EA will never behave the same as a manual system . Some say that at best it can come to around 70% correctness and profits as the manual system that generated the EA .

 

If this system presents potential, an EA could be made to manage the trades after a trader has manually taken those trades ..but that`s as far as it goes...

 

I have learned coding because of some manual system that presented a lot of potential , the issue was that i was`nt able to watch as many pairs as i would wanted to .. Guess what... the ea was trading , but the results were far from the ones i was experiencing while manual trading . Not that the ea was bad , its just that some of the trades , me, as a manual trader, i would have never taken cause of many reasons (time, the trend was loosing strenght ...news and so on ...) ... Buttom point is , if i do code nowadays , is more like a play-around ore just doing something for somebody else....

 

It`s just my opinion , and my way of explaining why an ea made after a successful manual trading system (i`m not sure its successful ore not..but just saying) , is not giving the same success as the manual system itself.

 

The human edge in decision making cannot be substituted via an automated system. There are many variables and factors to consider before the trigger is pulled on a trade. EAs merely follow a few simple rules and their programmed logic to execute their trades

Nice EA,

 

But as all the others it get totally destroyed in Ranging Markets. Will play around with it a bit and see if I can modify it a bit.

 

Please share any mods you make with the EA with all of us via this thread !

I just worked out how to do it !

 

Please use the links below to download both indicator & EA

I personally don't have the time to test & optimize this EA but i recommend the above mentioned currency pairs with H1 time frame & higher. Please share your results and findings !

 

I paid to have this EA coded but i want to share it with everyone on this forum which has also given back to me by others sharing their profitable EA's.

 

The EA has built in money management and also a Trailing Stop & profit lock feature.

 

I invite the great EA coders in this forum to modify and improve this EA based on advanced Fibonacci principles by adding additional indicators , filters etc to improve overall accuracy and profitability of the EA !

 

Enjoy !

 

http://hotfile.com/dl/126728532/320011d/Dinapoli_EA.mq4.html

 

http://hotfile.com/dl/126728771/22c38d4/DinapoliTargetsAlerts.mq4.html

Hi,

 

I found the Dinapoli Targets Alerts indicator by doing a Google search. Though the name is called DiNapoli however I cannot be 100% certain that it bases its sell/buy decision on Fibonacci principle.

 

It is working quite successfully for me in manual trading in the last seven months. I trade mainly USDJPY, AUDUSD, GBPUSD, GBPJPY, EURUSD, and EURJPY. My basic problem is I need to be monitoring it all the time in order to catch when it switches position from buy to sell and vice versa.

 

RULES:

BUY order - Place only one BUY order when the red dotted line (call stop line) is "below" the white dotted line (call entry line)

SELL order - Place only one SELL order when the red stop line is "above" the white entry line.

 

(Please refer to two screen dumps for a clearer understanding)

 

Order handling. When the indicator switches position e.g from Buy to Sell then close any BUY pending order or/and filled BUY position regardless. Reverse is true for Sell to Buy. There are times when the price retraces back to the white entry line so the logic need to ensure that if there is already 1)pending order or 2) filled position then don't place any more order.

 

TRADING METHODS

1st method. Only 1 order. Then target is set to TP2.

2nd Method. Multiple orders with multiple TP. for example

- 0.50 lots with TP1 default

- 0.30 lots with TP2 default

- 0.20 lots with Fantasy line default

The Ea should allow selection of TP for either of the trading methods. (by default: there are 5 TPs. TP1, TP2, TP3, FantasyLine, Crazy Dream line)

 

STOP LOSS

The dotted red stop line remains throughout a position. My definition of position is either a BUY or SELL.

 

TIMEFRAME

Works best on H1, D1, and Weekly chart. M30 is volatile for this indicator though it works but with smaller gain (<10 pips) gain.

 

MONEY MANAGEMENT

No more than 4% of the capital. Option to select No.

 

I would like to post both indicator & EA to share with everyone for testing and optimizing but at this stage i don't have permission to post attachments

 

Thanks

I am using this EA on the four major supported pairs successfully on a live account with Go markets. I'm averaging around 79% profitable trades with a draw down of only 0.45% and profit factor of 2.5. Slow & steady is the way to go ! I have set Auto MM = 1.8% on all the four pairs.At least i can walk away from the computer without worrying about how much my balance will change a few hours later : )

i wouldnt want to use fully automated. I like the fact that it has a manual component which is actually a very important step of setting your entry and stop loss levels by visual observation of the charts of the most recemt swing highs and lows. I was only suggesting that a trailing stoploss should have been incorporated also within the EA itself but perhaps vladimir decided that this feature may have closed the 2nd part of the trade too eaely.

This semi automated trading system is so simple yet very acuurate and consistently profitable when implemented correctly. It is a lethal pip pulling machine but my only minor issue with this trading system is that it should have incorporated some type of trailing stop loss in the EA which would stay closer to the price action after the first TP1 was reached. The static SL which trend rider uses is OK bug only until the first TP level is reached. After this it should trail the price action to minimise any potential loss from trend reversals !

This EA is looking great in the 4x project Live trade website !

 

It would be very much appreciated if some kind gentleman would be able to share it with us so we can have a look at its internal workings ..... That way it would no longer be a SECRET robot !!

hello there,

in short i must say i disagree with the above. robots, after all, are built and planned on manual trading concepts. they just execute it better than humans. those are robots for me. from my experience as a trader, a good and robust robot is primerly depended on good optimization, something which sounds banal for most of u but i dare guessing that there are few who do it right.

anyway, regarding this thread topic, please see this link: http://www.fxstat.com/perfomances/view/L-2779

 

this is the leo trader pro performence. quite impressive as i see it.

i would kindly thank anyone who will educate the mq4 file which was given here few posts ago.

 

thanks ahead and please dont be upset if i don´t disagree with u.

HAPPY TRADING

 

No need for an apology, but not exactly sure what you disagree with. The point i was trying to make is that combining a hybrid trading system that has some degree of automation for Trader Convenience along with the Human manual touch for making trade decisions and having some control over the trade is IDEAL !

 

I would not want to be glued to my screen scratching my head and concentrating for ours regarding what to trade and when to open & when to close a trade .....

 

Regarding Leo Trader i must agree with Norman that there is something fishy about this BOT. I have already requested my refund because of the constant platform crashing it was causing for me and it will only be a matter of time before it hits a massive stop loss and the crying will begin for everyone trading with it.

i agree that a modest % money gain per month with conservative money management settings is achievable with EAs like Megadroid Pro which i consider a good one like Norm states and which i use for Live Trading daily. Manually trading is the way to go for truly consistent gains and the professionals in the forex game make a living from doing just that ! A manual strategy plan which they find is consistent and profitable in the long term and which they stick to ! The greatest challenge for the Manual trader is being able to stay discipined and focused to STICK TO THEIR PLAN. Eas at least have that advantage over the human trader because no emotion is involved. They just stick to their plan ! I realy like this hybrid system which ive recently come accross callec SRS Trend Rider which is 90% automated but still requires that human touch to pull the trigger. It a very logical, flexible and robust system and at the same time easy to use. It can be used on any timeframe from 5 min to weekly and on any currency pair and comes with a trade management robot that manages your open trade so you can walk away from the computer once you decide to pull the trigger on any particular trade. It has an excellent money management system which the robot executes to perfection and again an excellent risk reward ratio. Utilising a postion size calculator you can manage each and every single trade to the exact % equity risk that you feel comfy with ! Personally i would recommend 1.5 to 2% equity risk per trade for long term profitability and consistency. SRS Trend Rider also comes with an audible alert when certain trade conditions are met but ultimately you decide to enter the trade after applying the human eye rule to set your entry point and stoploss. After that the Trade Management Robot will take care of hour exit strategy maximising your profit and minimising your losses or risk. This system has all the key elements combining the best worlds of automation with the human element of trade decision and control. If anyone has a better system to recommend that doesn't involve 100% manual trading i would be happy to hear about it !