ELM EA Professional
- Thread starter Jared
- Start date
Hi! Aggressive settings, lead to an increase in the number of trades. On the one hand, it is a great option if you can not wait to see how the algorithm works, on the other hand, many of the signal filters to open trades, have reduced values. Thus, the number of false trades can be higher than when trading with the default settings.
As the practice of working with this algorithm shows, the default settings are the most optimal way to work. But I also think it is important to know at least some of the basic parameters of ELM, which will allow you to adapt to the market or to the broker. Check it with the technical support. Jared will answer everything in detail and help you with this question.
I never changed the settings. I always have them by default. Most importantly, the adviser makes a profit. with these settings. As far as I know, in any software, the default settings are considered the most stable and optimal. What changes would you recommend? Maybe someone can share a set file for more profitable trading?
Hi. Someone have the same problem with the ELM Pro in Scalping mode, that since February 1, only 3 trades were executed?
Also, the error message that my account with 2600 CHF balance don't have enough money to execute the trade on February 9:
CS 0 06:45:04.225 [ELM EA]_Pro_2.1[MT5] (AUDJPY,M1) CTrade::OrderSend: market sell 1.13 AUDJPY sl: 92.079 tp: 90.679 [not enough money]
CS 0 06:45:04.248 [ELM EA]_Pro_2.1[MT5] (AUDJPY,M1) Can not create position sell 1.13 91.37900 sl 92.07900 tp 90.67900, error code 10019, not enough money
Thanks for your suggestions and helps in advance.
Regards
Also, the error message that my account with 2600 CHF balance don't have enough money to execute the trade on February 9:
CS 0 06:45:04.225 [ELM EA]_Pro_2.1[MT5] (AUDJPY,M1) CTrade::OrderSend: market sell 1.13 AUDJPY sl: 92.079 tp: 90.679 [not enough money]
CS 0 06:45:04.248 [ELM EA]_Pro_2.1[MT5] (AUDJPY,M1) Can not create position sell 1.13 91.37900 sl 92.07900 tp 90.67900, error code 10019, not enough money
Thanks for your suggestions and helps in advance.
Regards
Hi ! The market is too quiet this months compared to December 2022. That's why a small number of deals in a low volatility market is the norm. More details here - https://elm-ea-forexforum.com/threads/elm-ea-does-not-open-transactions.415/
As for your error, which is indicated in the log, as you have already noticed, you should reduce the value in the parameter Authorisk and everything will be fine!
What deposit size and leverage do you work with in your account?
Hi all, how are you doing? I want to share my successes on a real account over the past few months. Despite the rather quiet March, I managed to earn $700, in February, I was also in profit and earned about $600 when working with the Pro version. Please tell me if you have set file to make more trades when market is flat. Thanks!
With which broker did you achieve such results? Do you scalp or hedge? I believe that several months is a serious time interval for evaluating algorithmic trading and a specific Expert Advisor. I am already at the stage of making a decision to buy this adviser and I will be glad to talk with you.
Interesting. Informative. Contributes to the acquisition of new knowledge about algorithmic trading. This forum helped me to retrain from an ordinary office clerk to a successful trader. The acquisition of this advisor has changed my whole life. I managed to return the loan to the bank and pay for the car. I am now a free person because I have a lot of free time. And most importantly, I am financially independent. And it all started with a random visit to this forum 3 years ago.
The advantages of this algorithm include reliability. For me, reliability is, first of all, the safety of the deposit. For all the time of using the licensed version of PRO, I have never lost a deposit. I must admit that during serious geopolitical surges in the market, this algorithm allowed for a drawdown within 5-10% of the deposit. But I think that these are quite acceptable risk parameters. As a result of 12 months, my initial deposit was doubled. My investment in this EA has justified itself.
The license is a high-tech product. The developer managed to pick up all the necessary functionality. Thanks to this, the adviser shows results that exceed the average profit in the market. The presence of several licenses allows you to expand the opportunities for earning. Therefore, investing in this advisor was approved by my brokerage. Using this algorithm, we analyze the tick volume of a financial asset. And this allows us to make the final decision to open a position.
Very useful information. How often has this EA been in drawdown? I agree with you 10% is a small drawdown. I once had an adviser that allowed a drawdown of 50%. I paid 600 dollars for it to some German developer and, as a result, lost my deposit. Jared had a maximum drawdown of only 5% in the demo. In principle, I have money set aside for the purchase of this algorithm. Confuses only the lack of statistics on modes. I think this is an important point. I think everyone will be interested in which mode brings the most profit. I wonder what Jared has to say about this?
I use the scalping mode with the PRO version. In the first six months, I got rich by 2000 bucks. But for July and August, the profit was only $500. Total 2500 profit, but I expected at least 3000. I'm just an optimist. And during this period there is always calm. But autumn is coming soon and I think this algorithm will be able to accelerate my deposit again, because the profit is already on my card. If I manage to earn 5,000 bucks this year, I'll be happy. Now it's hard to find a profitable Expert Advisor on the market, so thanks to this project for the development.
Peter, I bought this EA at a discount for the same money as you, but my results are just the opposite. Now my goal is to buy a crypto license. My friend has been using it for half a year and his results are even better than mine. But crypto is trending right now. There's crazy volatility, but also good returns. I vote for the default settings. I never changed them and everything is ok.
Peter, please specify for what period of time this EA was in drawdown for you? About 5 years ago I had an advisor who couldn’t get out of a drawdown for a week and I didn’t know what to do. This algorithm works in the demo without any drawdowns at all. How are things going in real life?