hello all. i’ve just found some EA on the internet. please your advise for me because i’m newbie in forex trading.
which one i should buy. thx a lot.
please help. i’m newbie too. how to add the script to metatrade. please help us. thx a lot.
I use all pairs recommended in manual. EA making 60-100 trades per month, max. 1 trade per pair, no allow trades at Fridays…
I am curiouse if the V4 can be traded wiht 1 to 3 pairs only and if it will be profitable.
Usin 25 pair needs a lot of deposit (at least as 50k)
BTW: why are all guys uisng that EA just newbies?
24 pairs is to much for my account. I was reduce MatrixNN to 11. I�m not a newvibe 
You use 2-3 pairs? Which pairs? Thanx!
with newbie i mean on this forum:
FXveteran
Join Date: Jan 2009
Posts: 6
I havn’t tis EA. Maybe i would be interested if i know how much funds I need to secure trade 3 pairs and if the EA will still be profitable with only 3 pairs.
thanks
also the “live” for multy currency account on there website stopped on july 2007. I suppose this was a demo account only.
Dear forumites,
This is a good job you are doing please keep it up in the interest
of we newbites
I am greatly interested in this EA of a trading thing please iam equally aware
the need for a VPS technology,please kindly give me a link to a reliable VPS technology based on your usage , experience , reliablilty and efficiency
Timothy
<[email protected]>
Sounds good, what sort of pips are you pulling each month?
Its a hedging model however i return on average about 30%-45% everyday on exposure.
about MatrixNN, i ask some question to the author and he replayed wihing 12 hours. Then, i ask if they have some more recent live or demo results to let me show (the result on there website where from last year)
he didn’t replay anymore!
:eek:
Caution is my reccomandation. Personally i would not purchase that EA.
Hi my name is mike and i am a newbie to forex. I have been studying it on and off for about 3 years now, and have demo traded with some success. This site seems to be the best info i have found.
I have found that people who think that buying a system or EA or a system that “does everything for you” is one only fooling themselves. An EA or a script is designed to help you make educated trades, not make them for you. Anyone who who thinks they can just let there computer run and get rich will be in for a shock.
I currently work construction, and if i bought the best tools, and spent thousands on them, if i dont know how to use them and use them correctly, i will still lose my shirt. I believe this principal is almost exactly the same in forex trading.
In my opinion you should still follow all the rules of the school of pipsology, and monitor your trades wisely. If the trend is going down and your EA tells you of a signal going up, dont be stupid and make the trade. You still have to study and monitor the volatility of the market, and monitor news releases, as well as which days are better for trading, and which currencies are better to work with. By doing this, you weed out any unprofitable systems, and can possibly make some money.
I am sure there are people who use EA’s successfully, but have found that those people dont just let it run and turn a profit. It wont happen. Most people that use EA’s tweak it to there own specs and MAKE it work for THEM.
I would like some more opinions and info on the best EA’s to use, and which EA is the best to use with a certain broker. By doing this i am weeding out the bad ones and potentially increasing my profit.
I would encourage any comments or arguments regarding this post, and let me know if i am wrong, because i realize i am a newbie, but being successful in anything is possible, with the right research, working smart, and the right tools.
Regards, Mike
Mike,
I agree to some extent, I have developed a forex hedging system which you have to place the trades yourself on a daily basis, so its one set of trades that you place around 12am at night/morning then thats it till you realise profit. This way you stay in control on how you use the recommendations.
Let me know if you need further advise or just want to make money.
could you pm me or explain your system in your thread how you would execute this system. i would be most grateful. Thanks!
A number of formats, first the system will produce recommendation on any mix of currency pairs I do the 7 majors at the moment i.e. gbpusd,eurusd, audusd,nzdusd,usdchf,usdcad,usdjpy. Once the results come through i place them in terms of size allocation and position.
Now in terms of the clients i tend to manage there account via MT4 platform so they can watch the performance for themselves. Once the account has doubled in size. The profits are normally moved to my account (obviously the recommendations are valuable) and managed from here. You will the receive a weekly statement from your risk free account.
Feel free to ask any more questions.
Hi,
someone please help:confused:.
I have MatrixNN v4 and I am just testing it on demo, but it does not open trades, only few, though I have all the 25 pairs! How to make it? Is it something to do with the deposit I have? I may have a bad one, my deposit was 1000 on a demo and the minimum lot is 0.1.
If it is to do with the deposit, maybe I could go on IBFX with mini account and can have 0.01 lots, thus the deposit6lot size would be better?
Can you please advise what is the required set up to make it trade as it ment to do it?
thanks a lot
Zoltan
I have micro account, live, (IBFX) $1000. Now is 1113$. Open account at IBFX…Working fine. I use 0.01 lots/par, no exotic pairs! RG
Thanks for the hint.
Since when do you have this result, how long did it take? Does it open more than 1-2 trades at time? mine id on FxPro demo and there is only one open with standard setting…
I have been running Matrixnn V4 for 3 weeks now on demo. First week was up 695 pips running 6 of the main pairs. Second week running 15 pairs was -325 (2 closed trades that carried over form 1st week) and this week currently -459 so all up -89 pips. Have been tracking each trade. So far only 9 have had a trade. There are about 4 pairs that have between 4-6 trades a week each so do all the work. First week had 18 trades, last week 23 and this week only 5… So dont panic it is just a bad week for this system (I hope) The pairs that normally do all the work have just been sideways all week.
I have also been running for 1.5 weeks live but only picked the 5 best pairs that had the least draw down during a trade and the most number of trades per week. I started with $300 and balance is now $312. IBFX mini, 0.1k lots. (mini account are $10,000 standard lots so 0.1k is a $1,000 lot) have had up to 6 trades open at one time on the demo. 4 on the live one. Hope this helps let us know how you go.
Hi,
I have no idea how this works. Had a look at the demo results (only one week) and also the testing. The EA does NOT AT ALL takes into account the SL and TP settings. The losses are in general 4-10 times bigger than the gains and NOT, by no means, are as per the SL setting. Yes, even the profits are taken on different levels. I don’t get it. I also don’t understand , how come that this seemingly uses the same TP and SL levels for all pairs - again this is not taken into account at all and maybe it uses built in levels and perhaps different for different pairs - and uses the same fast and slow MA values for all pairs. I tried it and in test mode it reacts to the MA value change. Different pairs have different price rithm for sure, threfore it is odd that the same MA pair would be equally suitable for signing.
Anyone any idea what is this about? I asked the support for clarification and also some description of the variables (the guide is too short) and they hopefully answer next week. By the way, I dont give a brouwn pile what the variables are if it is profitable. The testing does not show this necessarily -that is the thing.
And I am also too eager considering I am a new guy:)
Anyone any comment?