MTH – Price Action Dancer EA (dumbest EA ever..lol)

[MTH2014]

Disclaimer and Warning.

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1. All of my share here is for educational only.

2. All tools or systems share here ‘freely’  as is and with your own risk.

3. Past performance could not guarantee future result.

4. If sometimes in the future, someone contact you by e-mail or Private Messages or by other way of communications and acting or pretending like me, and asking for help and/or requesting money for any reason. Please IGNORE IT immediately.. and please post your finding / inform our forum admin.

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Hi Guys,

This is the first time I share lite version of my personal EA, I never share EA freely to public before..

because even I’m a coder and create several EAs for my friends but I hate EA..lol.   In my personal opinion using EA just make you turn off your career as trader and you only become EA owner.. hahaha.

Btw, my main purpose to share this EA is to show you the basic principle of Money Management..

this EA don’t call any indicator at all, just following where the candle move, and only work on back test or demo account.. and for 5 digit standard non ECN brokers

You will see this is the most dumbest EA, because will give you huge loser trade..ha ha ha.. mostly 70% to 85% of your position will loss..

And yes this is lite version of my ‘main account’ EA that always replacing me to trade when I sleep or not staring my screen.

So, why I share it.. lol.

 

Now, little bit serious,  as you notice this EA only risking 0.2% of your current equity..  meaning  to blown up your account you need at least 500 consecutive loser trade positions..

and, with 8 point/pips stop loss, this EA will quickly ‘cut and switch’ to make your loss ‘short’ and try to keep your profit running..

the default take profit is 240 pips..lol, (she never get there actually).. and the trailing default is also 8 point (if your broker not allowing 8 point trailing.. then leave that damn bastard broker)..

with 8 point stop loss and 240 point take profit the ideal risk reward ratio will be 1:30..  so keep smiling when you loss 20 trades in row..

This EA only work on H1, H4 and Daily Chart, so don’t try to put ‘her’ to lower TF than H1 or on weekly chart.. ‘she’ will refuse to work..

and work on any pairs but just choose one pair for one MT4 instance. ‘She’ don’t like competitors and only open 1 trade at a time, so ‘she’ will not work if there’s still active positions.

Please back test her with 10k $ initial deposit for make ‘her’ work easier, then you will understand the principle of money management as the most important thing in our trading business. (just like our brother PiratePip explained in his thread about TZ Casino Trading..ha..ha..ha,   @PiratePip  you are damn right.. Brother (that’s the ‘real’ holy grail actually)..

Let me know what your experiences with ‘her’ and if you need further explanations..

Enjoy and happy trading all.

Best Regards

MTH

 

 

 

 

 

 

 

• This topic was modified 11 years, 5 months ago by MTH2014.

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[LearnAlways]

MTH2014 wrote:

Thanks Kiads, as always u r most generous. May pips be with u as always.

How do u think about grid EA? I was actually thinking if 97% of the time price is recurrent and if we can differentiate current market conditions as Trend or Range, We can use grid EA during ranging periods only, Just my thoughts, I might be wrong though.

Best Regards,

LearnAlways

I only know I know nothing
Skype: learnalways@outlook.com

[PiratePip]

LearnAlways wrote:

MTH2014 (Kiads) wrote:

Thanks Kiads, as always u r most generous. May pips be with u as always. How do u think about grid EA? I was actually thinking if 97% of the time price is recurrent and if we can differentiate current market conditions as Trend or Range, We can use grid EA during ranging periods only, Just my thoughts, I might be wrong though. Best Regards, LearnAlways

 

As eurusdd mentioned using proper Money management strategy where a blow is actually only 5 -10% account trading grid strategies(99% win rate no SL strategies) can be very profitable as the chances of blowing up 10 times in a row are pretty slim to none and it doesn’t matter if you blow 10% of your account after making 200%. as you will still be up 120% or so.  I unfortunately live in the US so can not play with this strategy.

• This reply was modified 11 years, 5 months ago by PiratePip.

-Life’s Good & Why Wouldn’t It Be? I’m a Pirate After All!

[simplex]

MTH2014 wrote:

Btw, my main purpose to share this EA is to show you the basic principle of Money Management.

Hey Kiads,

Thanks for sharing your Dancer! Looking at your ‘main purpose’, I don’t understand how anybody should learn about Money Management by observing trades of an EA without being able to review the logic within the source code. Doesn’t make much sense to me.

Regards, simplex

A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)

[MTH2014]

simplex wrote:

MTH2014 (Kiads) wrote:

Btw, my main purpose to share this EA is to show you the basic principle of Money Management.

Hey Kiads, Thanks for sharing your Dancer! Looking at your ‘main purpose’, I don’t understand how anybody should learn about Money Management by observing trades of an EA without being able to review the logic within the source code. Doesn’t make much sense to me. Regards, simplex

 

Lol.. My Brother,  while back testing of course you can play with stop loss , risk percentage and initial deposit, and look the visual movement on chart. That will be ‘more visual’ rather than create calculation by excell spreadsheet.

And about the source code,  do you think all the traders here could understand clearly about mq4 coding flow and can get knowledge from every line of it..?  I believe the biggest part of our community don’t understand mq4 coding, and this is my purpose to give more ‘visual’ example and they can change just the ratio between risk, stop loss and initial deposit.. without any trouble to think about indicators setting..or coding for entry /exit rules, etc.

and the rule is very simple, that’s why I said before that this is the dumbest EA,  because only following the current price movement, if current bid move up above open then buy, if current bid move down bellow open then sell.. if price turn back again then you loss, if price continue then you are in profit and keep trailing the profit until your SL+ touched then the cycle start again.

Once again this is just for example. Of course here also so many great coder including yourself, that will be so easy to create this kind of very basic EA..

Best Regards

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[MTH2014]

btw for all of you ‘who’ download prior to my posting time stamp here, please re-download again if you like,  there’s some minor change.. that allow you to use ‘her’ in multi chart with different pair just set different magicnumber..

Best Regards

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[simplex]

MTH2014 wrote:

And about the source code, do you think all the traders here could understand clearly about mq4 coding flow and can get knowledge from every line of it..?

Well – you beat me! You’re certainly right. Sometimes I’m struggling a bit to look at things from somebody else’s point of view!

s.

A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)

[Femo]

Gracias Kiads!

i was actually looking for something similar. God bless

regards
fm

[Femo]

Halo Kiads!

Once again thanks for sharing this wonderful dancer with us :)

I have been trying to do BT both visual and normal but it wount generate any trade, also it gave no error in the journal tab. I even tried it with different mt4 builds with no luck, i was able to get other EA’s to BT so i dont think i am making any mistake. Pls confirm

Thanks
fm

[MTH2014]

Femo wrote:

Halo Kiads! Once again thanks for sharing this wonderful dancer with us :) I have been trying to do BT both visual and normal but it wount generate any trade, also it gave no error in the journal tab. I even tried it with different mt4 builds with no luck, i was able to get other EA’s to BT so i dont think i am making any mistake. Pls confirm Thanks fm

Hi Brother, did your MT4 broker platform is 5 digit broker and not ECN type ?  this EA only work with 5 digit brokers non ECN type demo account.  And if you don’t mind could you inform me where I could download your broker MT4 platform so I can try it with this EA and find out the problem..

Best Regards

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Femo]

Hi brother Kiads!

I have tried it with Ironfx,Fxprimus,Hotforex etc. They are Demo 5 digit and non ecn.

Build 711 & 745

Thanks

• This reply was modified 11 years, 5 months ago by Femo.

[MTH2014]

Femo wrote:

Hi brother Kiads! I have tried it with Ironfx,Fxprimus,Hotforex etc. They are Demo 5 digit and non ecn. Build 711 & 745 Thanks

oops.. this EA compiled with build 765 I don’t know if this is that make you problem..

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Femo]

Hi brother Kiads!

I have tried to do BT with latest mt build 765 but it is still the same.

Anyone else having issues with backtesting this EA?

kind regards
fm

[Femo]

Did no one try this EA??? Its only fair that you give feedback.

fm

[hannele]

Hi Femo

Im running it now ..will let you know, if any issues – seems to be straight forward thou

Thank you Kidas, I like cutting looses short

cheers

hannele

[Femo]

Thank you Hannele!

kind regards
fm

[Sergio Borsani]

Hi Kiads

Out of curiosity I downloaded the EA from post one.
But there is definitely something wrong that is not well

I‘m with build 765.

Best

Sergio

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My apologies, my biggest limitation: write in English

[MTH2014]

Sergio Borsani wrote:

Hi Kiads Out of curiosity I downloaded the EA from post one. But there is definitely something wrong that is not well I‘m with build 765. Best Sergio

Hi Brother, Thank You for your info,  It’s look like when I upload this EA to this thread, somehow this forum upload program change the original name by adding extra dash to her name..lol

just like when upload indicators with special character on their name it also truncated..

Well you could rename your downloaded EA to be exactly like this  :   MTH 2014 – Price Action Dancer EA.ex4

Hope it help, and later I will re up load again with rar format.

Best Regards

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Sergio Borsani]

MTH2014 wrote:

Sergio Borsani wrote:

Hi Kiads Out of curiosity I downloaded the EA from post one. But there is definitely something wrong that is not well I‘m with build 765. Best Sergio

Hi Brother, Thank You for your info, It’s look like when I upload this EA to this thread, somehow this forum upload program change the original name by adding extra dash to her name..lol just like when upload indicators with special character on their name it also truncated.. Well you could rename your downloaded EA to be exactly like this : MTH 2014 – Price Action Dancer EA.ex4 Hope it help, and later I will re up load again with rar format. Best Regards MTH

Dear Kiads, thanks for your quick response, renamed EA is working ok now.
Mi first impression is: Wooooooow!.
Great idea and brilliant work!
Best

Sergio

My apologies, my biggest limitation: write in English

[Edington]

Hey Brother. I wanted to test out your ea on my machine, but i am having the same problem as Sergio. I have tried to rename the file, but it doesnt help. 

My question is, if that warning shows up, will the ea not work? Because I dont mind the sign ‘dont change ea name pls’. I am testing EUR/USD at 1 hr, will post results after a few days.

Best regards, Michael

[MTH2014]

Edington wrote:

Hey Brother. I wanted to test out your ea on my machine, but i am having the same problem as Sergio. I have tried to rename the file, but it doesnt help. My question is, if that warning shows up, will the ea not work? Because I dont mind the sign ‘dont change ea name pls’. I am testing EUR/USD at 1 hr, will post results after a few days. Best regards, Michael

Hi Brother, sorry for make you trouble because of the file don’t work normally..

you could download again with rar version from this post..

Hope it help and best regards

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Edington]

Thank you brother. It works now. Thank you. It was no trouble for me. I will test it and post results here. The account is 10k, EUR/USD, 1H timeframe. Now lets watch 

 

Best Regards

• This reply was modified 11 years, 3 months ago by Edington.

[Edington]

Dear Kiads,

I have been running the EA for 3 days. 10k account, EUR/USD, 1 hour timeframe. I will note, that in order to get more objective results, one would have to run for much longer, lets say 30 days. I choose not to backtest as its not as good.

Best regards, Michael

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[Sergio Borsani]

Hi Edington
You confirmed my second impression, the spread makes it useless.
We will see that brother Kiads says about it.
Best
Sergio

My apologies, my biggest limitation: write in English

[Edington]

Hey Sergio. Initial results are not so good. I choose E/U because it has a rather good defined downtrend and good spread on my broker. It did not help. It is still an interesting concept. Results might average out if run for longer time? I dont know. Best, Michael

[Author]

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