-=Changelog=- And -=Upgrades =-

[Crosby]

Lol. how long will your martingale work on 6 currency pairs? you need a million dollars in your account to withstand a drawdown if that happens

 

[Lawson]

I am not an expert in trading, but it seems to me that if you added pairs such as GBPJPY, EUR/AUD and some other crosses. They have great volatility.

 

[Shawn]

I work with IcMarkets broker and very often I get high slippages. Is there any way to limit slippages in the code?
I propose to make a function that will limit the size of the maximum slip.

 

[Shepherd]

I work with IcMarkets broker and very often I get high slippages. Is there any way to limit slippages in the code?
I propose to make a function that will limit the size of the maximum slip.

Slippages are always and everywhere, you can't change anything to get rid of them. The broker influences the amount of slippage. Trade with normal brokers, why would you use a fraudulent company?

 

[Lawson]

Hi, do you plan to release a version for Metatrader 5? In my opinion it is a much more powerful platform.

Yes, I also use another scalper bot. This bot has two versions, for MT4 and for MT5. The same bot works much better in MT5.

If Jared makes MT5 version of ELM EAI think it will be very cool.

 

[Jared]

Hi, do you plan to release a version for Metatrader 5? In my opinion it is a much more powerful platform.

Yes, I have plans to make the same algorithm for MT5.

I think it will be ready in August. I am actively developing and testing MT4 version until August. And as soon as I am sure MT4 version is fully ready to work, I will rewrite the code to work with MT5.

 

[Jared]

You are very responsive to customer requests! Thank you! I would like to suggest that you also add the ability to average trades.
I would like the algorithm to be able to trade as a scalper algorithm as well as a martingale algorithm.

According to my statistics martingale is the most profitable trading system. If you combine martingale with your bot, I think it would be a real grail.

Thanks for your suggestion, but I think that martingale is not quite compatible with the idea of my algorithm...

I am not an expert in trading, but it seems to me that if you added pairs such as GBPJPY, EUR/AUD and some other crosses. They have great volatility.

Thank you for your suggestion. I think I will do it in near future.

I work with IcMarkets broker and very often I get high slippages. Is there any way to limit slippages in the code?
I propose to make a function that will limit the size of the maximum slip.

The new update is almost ready. In this update, I added functionality that allows you to work with slippages (deviations) on accounts with instant execution.

I see several ways to implement what you suggest. I think I will add this in the next updates.

 

[pattu]

Thanks Jared, I'll wait for the MT5 version to come out and I'll buy it right away.

 

[Nolan]

Lol. how long will your martingale work on 6 currency pairs? you need a million dollars in your account to withstand a drawdown if that happens

Everyone should have a choice which trading logic to use. If someone likes martingale, then let him trade using martingale.

If Jared can implement it, then he should do it for his clients.

 

[Jared]

At the moment, the implementation of martingale is not in my plans...

 

[Jared]

Version 1.3 (12-Nov-20)​

Changes //Slippage control on accounts with instant execution
-==Order Managment Section==-
OrderOpenSlippage - 1,2,3,4(Deviation, at opening, Otherwise, the requote)
OrderCloseSlippage - 1,2,3,4(Deviation, at closing, Otherwise, the requote)
AutoSlippage - True/False (The algorithm automatically calculates the maximum deviations)

What settings should I use?
Exactly the same as you used for the 3 existing currency pairs!

Please download your update here:

ELM EA​

 

[Collin]

Thank you! This week I decided to trade on accounts with instant, using the deviation 1. I was very happy with the result!

 

[Jared]

Thank you! This week I decided to trade on accounts with instant, using the deviation 1. I was very happy with the result!

Great! I'm already working on new features. I think the next update will be within 2 weeks.

Before each release, I have to check everything carefully.

 

[Austin]

Can you please tell me how to estimate the slippage? Does the algorithm have any functionality that shows slippages at my broker?

 

[Jared]

Can you please tell me how to estimate the slippage? Does the algorithm have any functionality that shows slippages at my broker?

I am currently working on improving the logging system I have already added a few lines of code that display slippages.

 

[Austin]

I am currently working on improving the logging system I have already added a few lines of code that display slippages.View attachment 3925

You're a goddamn genius, bro! Thank you!

 

[Emmanuel]

I am currently working on improving the logging system I have already added a few lines of code that display slippages.View attachment 3925

How soon do you plan to release this update?

 

[Malcolm]

I took a big loss today during a news release due to huge execution delays at my broker. How can I make the algorithm shut down during a news release?

 

[Jared]

How soon do you plan to release this update?

I think this week. I'm all set. I just need to check and post the download link for clients.

I took a big loss today during a news release due to huge execution delays at my broker. How can I make the algorithm shut down during a news release?

Hmm... It's a very complicated feature, disabling trading during news. I will think about how I can do this and will definitely add it in the next update

 

[cake201]

Hi. Are you planning to add the ability to trade gold and cryptocurrencies?