ELM EA DEMO
- Thread starter Jared
- Start date
Thank you!
1. Our robots are designed with ease of use in mind. Our robot is fully customisable and you can set it up in less than 5 minutes after loading.
2. We have brilliant customer service! We've built a very powerful community of users, where everyone helps each other! This ensures 24/7 communication between users, so you don't have to worry and if you have any questions, you can post here on the forum!
In my practice I use 1GB RAM per MT5 trading terminal. The MT5 trading terminal requires slightly more RAM than MT4. In the case of MT4, around 700 MB would be sufficient.
MT5 is more advanced than MT4. It includes, for example, the ability to use multiple strategies and to plan automated trading. It is also much faster than MT4.
Hi,
Thank you for your interest!
You have downloaded the demo version, this version only works on a demo account. As a result you do not have any risks.
No, you don't need to be an expert forex trader. The algorithm has all the functionality you need to make trading decisions in your account fully automatically. But that doesn't mean you can mindlessly turn on the algorithm and count your profits.
You need to understand the parameters and how different parameters affect the result.
You need to be careful when choosing a trading robot, you should not start trading with fraudulent companies.
Also, you need to choose a fast and reliable VPS server in London.
No, it shouldn't be a problem. I have not personally checked this as I have all my trading accounts in USD.
It might cause some inaccuracies in automatic lot calculation.
When trading with fixed lot it will not cause any problems.
Thank you!
Are you the only developer of this bot?
I think it's a lot of work to create all this....
Yes, I am the only developer. But many of the things, many of the functionalities I've created are inspired by the regular subscribers and active members of our forum. We have a thread where members can share their thoughts and wishes on what functionality they would like to see in the robot.
Discussion on updates
On the technical side I agree - it's a lot of work, but for me as a developer it's a regular job. Exactly the same job as for a doctor to treat people
If you understand how an algorithm is created, know the programming language, know how to use documentation, it all turns into an ordinary task.
Why would you change anything?
Change the VolumeOrderFlow parameter. For example 0.5.
The number of trades should be higher. But it might also affect their profitability.
It's better to wait for a suitable market situation and the algorithm will start working
Hello,
Yes, you can change any parameters. The default settings should provide the best risk/reward ratio. In some periods of time, there may be no trades at all. This is due to low volatility in the market.
Also please don't forget to use VPS server.
Hello guys, I'm demo testing ELM MT5 with 2 ms latency on Tradersway broker since Monday. After a first losing trade, it recovered nicely and so far it's made 1730 USD profit. Great!. From what I've read in this forum, MT5 is preferred over MT4 for performance reasons. One comment is: I miss an explanation of the parameters to "fine tune" the EA. Is there a sort of "Users Manual" I can get hold of?
Another question: the Pro version requires larger account balance than the 6-chart version?
Finally: any experiences with drawdown?
Great job you're doing here, Jared! Hats off to you!
Another question: the Pro version requires larger account balance than the 6-chart version?
Finally: any experiences with drawdown?
Great job you're doing here, Jared! Hats off to you!
If you want to get a personal opinion from Jared, you'd better write to him personally in TG. But it all depends on what broker you work with and what type of account you use! I tried many different brokers over the past 3 months, the best results on real accounts I got with Fusion Market and FXpro, even though I didn't even tester them on the demo LOL!
What broker do you work with ?