New EA TSR 5.0 2018, DASHBOT AND OTHER EAs

[ezyazpie]

anyone here by far has the TSR mql file. not the ex4

Is this MQL file a different file than putting the EA file in the file folder?

 

[ezyazpie]

You are using the bad settings with high risk. The best settings is use with 5 M Timeframe and 1.2 Marti. Also if using one pair minimum balance must be $1000.

I take it lot size will be 0.01 and grid setting 21 as recommended?

 

[ezyazpie]

You used wrong currency. TSR is good only with EURUSD, GBPUSD and USDCHF. Also need to use good settings.

I think the JPYs are too volatile and if you use them you may need to change the grid setting to 30 or 40 to survive the massive swings.

 

[shomolex77]

Please I need an EA that is reliable pls help me with good returns
Email : segunbalogun370@gmail.com

 

[Tichmuchi]

That channel seems like a another scam

Too many scams on telegram these days

 

[Aditia Brata]

Thank you for sharing... I have try lifechanger its ok but not quite profitable.

 

[Bonforex]

Thank you for sharing... I have try lifechanger its ok but not quite profitable.

Have you used lifechanger?

 

[ezyazpie]

I have been testing the TSRv2.0 on live and demo accounts with numerous settings. After a few shot accounts both live and demo there are some things I have observed and I will list them here one by one for discussion. You can let me know your experience or whether it matters.

 

[ezyazpie]

Firstly the EA trades against the trend in two ways. It uses the 20 MA which I think is a simple average and if price is above it will open SELL trades and if below it opens BUY trades. When it opens either BUYS or SELLS it may open both COUNTER TREND and TREND trades. So that is the first thing to be mindful of because your lot sizes will be doubled and you need to cater for that.

 

[ezyazpie]

What timeframe should I use? The v2.0 seems to have 4HR as standard. I have switched it to 15M, 5M and even 1m but none of them seems to matter. I should mention that this is using the GJ pair which brings me to something else.

 

[ezyazpie]

In my initial offer of the tsr v2.0 I was told it would work on 5 currency pairs GJ, UJ, EJ, EU and EG on a small account. So I started with $500 and a leverage of 1000 and of course the jpys shot my account in no time. I was using it with default settings. That was a live account because I was told it was very profitable. At first it racked up days with $100 return so I was encouraged to let it run 24/5. A bad tweet about trade with China and there goes my account. So I switched to demo to check the parameters one by one. So I came to the conclusion that with GJ the TF didn't seem to have any effect but if you really want to grow your account GJ is the pair but I will come back to that.

 

[ezyazpie]

I have tested the EA on a lot of pairs including CC AJ NJ GC etc but the ones with lower spreads are still better. I have settled on EU UC and GJ. Why GJ you may ask considering that it is so volatile and has the potential to margin your account? That is were trial and error comes in and a few blown accounts. If you intend to use GJ you must ensure that you have a minimum of $1000 in your account and a leverage of 1:1000 Grid set to 25 TF I presently have 1M but I don't think it cares really. For lower leverage increase your minimum balance accordingly. So if you wish to use 1:500 balance would be $2000 minimum.

 

[ezyazpie]

TIMEFRAME. I started testing it on 4HR but the accounts margined out at some point. I cannot say for sure whether it was due to the TF or other factors so I had to test the parameters by using them one at a time and seeing the effect they make on the balance. Conclusion - still Not very clear but for GJ (if you are brave and have the correct balance for it) set it to 1M and for EU and UC use 5M

 

[ezyazpie]

BACKTESTING: I think I should mention here my personal view of back testing. It will only help to make sure your parameters are working but I do not trust that it can give you a proper understanding of what the EA will do under live conditions. The broker has AI installed on their end messing with your EA and trading against you which does not happen in a backtest so your results will always be very good looking but not practical in the real world.

 

[ezyazpie]

There are parameters called Info 1, 2 and 3. I am not sure what bearing these have on anything. Do you need to change Info 1 for each pair that you use or just leave it on EURUSD default as I have done? Info 2 and 3 if someone understands their significance please let me know.

 

[ezyazpie]

START HOUR/STOP HOUR. I have these set to default 0 and 24. I do not turn it off for anything (well except now if it has a huge drawdown I will set the grid to 100) I let it run on a VPS and that is it.

 

[ezyazpie]

LOT SIZE. I use Fixed Lot. I think this EA is too volatile to let it start setting its own lot size. You are inviting a margin call if you do. I believe that this EA is best used to deliver a fixed amount per day. To make more money open additional accounts with your settings but DO NOT try to push it to over deliver. That could lead to problems.

 

[ezyazpie]

FIXED LOTS: Set to 0.01 forever. If you are using GJ and your account is doubled you may be able to shift it to 0.02 but monitor it closely. This is best used if you so not intend to withdraw for a while but I have not tested it yet. I intend to do that next month when my balance has doubled.

 

[ezyazpie]

RANGE: I prefer to call it GRID. You can change the tone of any pair by your GRID setting. Let us think of the JPYs. They are volatile. But because they are volatile and make such large swings they can make you a lot of money daily as they swing up and down and even over time. There may be moments when it may take 3 or 4 days to come back around but if your balance is good they eventually will and pay you a sizeable return. So my setting is 25 minimum. If you still want to be more conservative use 30 and let it run. I use 25 as standard now for all pairs and I mostly use the EU and UC to grow the account and when it reaches large enough I switch to the GJ. I will only run all 3 on a minimum balance of $2000 so I can sleep well at nights.

 

[ezyazpie]

DiMARTI: This is the martingale story. Many people will tell you that Martingale is the sure way to kill your account. They may be right. It is like giving a child a tool that they cannot handle. If you understand it and use it wisely it comes to your rescue. Firstly the number you use is the multiplier to each level of trades. So if you set it to 2 it will double each subsequent lot. That is 0.01 becomes 0.02 then 0.04 then 0.08 then 0.16 etc so that at level 12 you would have a total of 40.95 lots open on one set of trades and double that for the counters. This is why it is critical that your grid settings be such that it can handle a runaway or a sudden spike and also that your martingale can handle the situation. I use 1.5