This is the new version of the quick money EA which will now be controlled for the maximum orders limit as it was not following this rule due to some issue in the EA.
Now you can be able to control your maximum orders limit through the EA inputs where you have maximum number of orders function.
The default value is 100 which is changeable and you can change it to your desired value that you want to use in the EA.
If still you have any problem or you have any idea that how we can make this EA better, please share in the comment section below.
Hi, is this site still active? Seems abandoned.
there is no feedback from the owner, so I guess is dead.
Hi Ali,
QM EA With this being a counter-trend strategy EA that is doing very well, could we try doing a trend-with-trend entry strategy as well both side trading while keeping the same ‘trade closure’ mechanism? I think it could do much better more profit in handle to handle DD
It’s a good idea 💡👍
I also suggested this to months back, but he ignored me.
Can’t backtest this EA. Why?
QM is working great. its work oppsite tred and wait for price revers to recover dd
if it work trend side may be much better
Hi Ali,
With this being a counter-trend strategy EA that is doing very well, could we try doing a trend-with-trend entry strategy while keeping the same ‘trade closure’ mechanism? I think it could do much better.
Your new ‘MT4 Forex Trend EA’ doesn’t seem to be doing too well & I think the key is to have the same ‘trade closure’ mechanism as your ‘Quick Money EA’.
(Typo error) I meant ‘trade-with-trend’ entry strategy.
yes We want Ali to correct. “MT4 Forex Trend EA” to have the same ‘trade closure’ mechanism as your ‘Quick Money EA’.
Hi Mr.Ali
this is the Best EA I have ever tested
I add (auto ST and TP EA) with QM
I hope you add BTCUSD and XAUUSD to QM EA
Hi Ali,
I am really enjoying QM now though I have been trading only XAUUSD with 500 gaps, I made 30% last month strictly using one pair. Sometimes I counter trade manually when the trend becomes so strong. I have been trading Gold for 8 years, so I understand it language and I am capitalizing on QM with strict calibrations.
Hi Ali,
*** QM is working great.. Just one big issue if its not fix i will not be able to use it on Real account**
Running on XAUUSD XAUEUR
– Trade pattern 10 largest time before it close the old trades, as Gold normally revert 50% always.
– GAP 250
– Max trade 15
– Mininm Lot 0.05
Issue -> when market is too much volatile, it open multiple order at same price , it use all trade to sit max trade on same price point.
this issue only happen when market get too much volatile
please fix this its a BIG issue as DD increase because of this n it left with no trade to recover it from old trades
Hi Kamal,
Since this is a grid trader, it is better to keep the lot size small and allow for more trades so that your DD will not implode your account once it goes into a sustained trend situation. You certainly will eventually run out of trades to recover old trades if you limit it. Also if you have a large gap size, the volatility amplitude will not be sufficient to knock out old trades in neutral/small profit.
Hi Ali,
I noticed your open trades do not SL at the next grid level whenever there is a large spike. What is your rationale? Are you using a velocity filter?
Hi man appreciate your hard work that you put in your EA’s, regarding this and previous Quick Money versions, what’s the point to have a Magic Number if when the trade is placed, the EA assign one that it is completely different? typically 99## ish or so.
Hi, the QM EA v2.2 is not bad & seem safe. Would be good if you can give us a high level description of its strategy so that we can help add our ideas to it.
Hi!! I’ll try to give you a sensible answer. It is an EA that is based on a contrarian strategy. To use it best you should first calibrate it based on the currency pair you want to use (I strongly advise against pairs with JPY). Calibrating the EA means taking into consideration its nature and adapting the EA taking into account the size of the order gop based on its possible trend without re-allocation (which will happen sooner or later but there is a limit). So you must be aware of the nature of forex pairs, they are not stocks. The valuation of forex pairs are closely linked to the monetary economy of each individual country, by national and international political events. They’re a bit watertight if you can call them that. By their nature the evaluation of each single pair is a continuous up and down which means trend, retracement, trend again up to a maximum extension, distribution phase and then down. And their nature. Consequently, the EA must be calibrated based on all this and must be able to support a certain number of open contrarian orders without going into margin calls or crushes. Forget about having an account of 1000 dollars and 500 leverage and operating on 3 currencies. It will crash. Make a file in Excel taking into account, for each pair, n open orders, the occupied margin, the free margin, any equity, the floating loss. All this is strictly linked to the lot used (I highly recommend the fixed lot to have control over the exposure) and the distance between orders (I do not recommend gap 10). Once this is done you will have an idea of the account size to use to make the EA stable.
Hi Fabio, thank you very much for your explanation which is very clear. I agree totally. I have done a limited forward stress test (intentionally using strong trending JPY pairs e.g. GJ on H1) & it seem to survive even after 10 days & with low DD. It appears to be a tight grid operating at tick level with mild marti, but the grid is not necessarily uniformly applied which leads me to think some filter is in play. (a) What this filter is would be good to know then we can contribute further constructive suggestions to the author. (b) Also not sure if it utilizes averaging across pairs since we need to test with minimum 3 pairs. Look forward to hearing more from you &/or the author.
The grid is applied evenly, it is the lots that have a gradual increase (if you use the autolot option). I believe the use of at least 3 pairs is for a question of balance since to lower the DD it performs automatic closures when the conditions are right, taking into account the DD calculated between the open pairs. In this sense the autolot option is undoubtedly the best but it needs a large account to operate safely, even with 3 pairs.
As for pairs with jpy, I personally intended to insert usdjpy, given that it had given good results in the demo. Thank goodness I didn’t do it since this very pair made me skip 2 demo accounts due to an incredible downward trend I had a short time ago.
Hi Fabio, thanks for your insight. I wouldn’t use LIVE on any JPY pairs on any grid based EAs like here as they tend to trend strongly with less volatility. But it’ll be good to stress test using JPY pairs. I’ve examined the Account History & timing of closures. It does look like it closes DD trades at its choosing & independently rather than by averaging method.
Uncannily it is able to keep the orphaned trades band narrow (important not to grow deficit) by eating small losses while achieving net profit. Perhaps if we know mathematically how it is done will allow us to help improve upon it.
I note it can perform multiple SELLS/BUYS each time the candle wick retouches the defined grid level, but with regards to closing trades it seems to close not necessarily at successive grid levels. This closing logic remains a black box, unless I’m missing something out.
Most of your eas don’t trade or blow up the account, even if I try to optimise them
Hi ali,
first of all i thank you for your hard work for creating wonderful eas for us
i have an idea that’ll make communication with people easier
rather that this comments system. i think you should create a forum and inside that there should be sub forums and inside that there should be threads.
this would provide a streamlined communication and will speed up the process of optimizing and creating new eas
what pair and timeframe to use
hello! Can you create Any indicator to EA for universal type in mt4
It’s possible to add a automatic opening order in the oposit direction for cover a grid if there are a big trend for reduc dd ?
can you please make a option for increasing the initital lot size based on the account balance and number of chart the ea is open? There can be a input field for the no of chart the is open in, in case it is difficult to determine how many chart the ea is open in.
Thank you.
Hello, the author of EA, there is a problem with your new version of EA 2.2. It stops running after running for a while. Even though the settings have been modified, it still doesn’t run. Have you made any restrictions? Or what should I do to make it run 24 hours a day?
will check again
Saludos! Recomiendas que almenos se opere este bot en 3 pares, cuales recomiendas? Cual seria el minimo de cuenta?100? 500? 1000?
english pls
With all due respect, I hope that the translation does not damage what I want to convey, what is the idea of making these, since in the end none of them work, none of them have any profits and they are just errors and failures, people believe your information in what you transmit in the videos but I don’t think that anyone on a real account has consistent profits with any of yours, that’s why and it’s just my idea if there really is some of yours having consistent profits and you with good intentions want to help people who want to obtain some profit that will help them. improve your condition shows the ea the configurations that win real operations and which broker under what real conditions these ea would operate
I have been profitable for 4 months with QM. in the first month I made 20% but it was too aggressive and in fact I lost all the profit. In the other 3 definitely better after having calibrated the system and I gained 21%, which is not bad. The EA must be understood and then calibrated and to do this I took into account not to crash even in the worst possible conditions (based on the currency history) and created an excel file taking into account the lots, the free margin, the bearable fliating loss. my maximum DD in these 3 months was 1.5%. Real account leverage of 30. Good luck.
thanks
…I forgot. EA has been running for 4 months 24/7
you haven’t paid anything. So you are not bound to use any of the EA. if nothing works for you. just leave it and trash it
Have you made any good profits with the EA that you showed live via youtube months ago?
yes
Hi i will try right now this is a big update thank you Mr ALI
welcome
Hi good to see you back again. I like QM EA but like most grid EAs it builds up a floating drawdown as the profit increases. It never clears the drawdown. Something needs to be done about that.
check the new EA. i mixed the grid and trend ea