4x Cash Compounder "Controller"

[frankjibe]

Reading this forum and several positive opinions about 4x Cash Compounder I decided to give it a look.

My personal opinion is that it is just great. It is a purely mechanical system, no need to guess the direction of the market, it will just continue opening position that eventually will close with a positive amount.

The system is not exactly "martingale" but uses a similar approach (using Fibonacci series). The risk in this system is not that you do not have money anymore (because losing position will be in large part covered by winning positions), but that you run out of margin, so you cannot open new position and the entire strategy will collapse (potentially driving you to a huge loss).

That's why the autor of this EA suggest you have at least 5000 if you want to start this progressione from 0.01 lots or 50.000 if you want to start with 0.1.
Now the problem for me is that:

1 - I dont' have 50k to put in a standard account
2 - I'm using Alpari micro account and, no matter what's the amount on your account, you are limited to 2 Lots

Most of the users suggest you have to "monitor" this EA and, if you are too fare with the Fibonacci progression, you should close you position manually as soon as you have some profit or breakeven.
My idea of EA is something totally automated...not only because I'm lazy, but also because I travel in a lot of fancy places (it is job, not fun) and sometimes I just can't monitor for days.

So I decided to write this basic EA to run, in a different chart, together with 4x Cash Compunder. You basically set what's the maximum lots you can afford to have (counting Buy and Sell Stop orders) and if the limit is reached my EA will close everthing as soon as the "minimum profit" is reached (it can be 0 if you just want to breakeven or negative if you can affort some losses).

This is not 100% safe...you can still have a very unlucky cases in wich the price is staying between the BUY STOP and SELL STOP limit...but this is a very narrow channel and should not occur very often.

You also have a sort of "emergency button" Just sett "CloseAllNow" to true and everything will be immediately closed.

Please be aware this bot will not look just for 4xCashCompunder trades, it is Account-wide, so you'd better run it only when 4x cash compunder is the only bot running on your account.

If you have idea on how to improve it please post it. I'm posting the source code, if you improve it please post back your improved version.



Best
Francesco

[capsmart]

Hi Francesco
Very nice try.
Concerning Alpari I do not think it is going to work because you cannot be long and short (hedge) a the same time.
Did you try it?
Regards
Vassilis

[frankjibe]

Hi Francesco
Very nice try.
Concerning Alpari I do not think it is going to work because you cannot be long and short (hedge) a the same time.
Did you try it?
Regards
Vassilis

Hi Vassilis,

You can edge on Alpari, and also use a very high leverage (1:500) wich is good with this bot. My real concerns are related to variable spread that tend to peak during news and could trigger the EA

Francesco

[capsmart]

Yes you are right.
This is why they suggest a fixed spread broker (even if they are not the best)

[raa]

check out LiteForex.org, guys, it may it fine for you purposes!

[kwchau]

Reading this forum and several positive opinions about 4x Cash Compounder I decided to give it a look.

My personal opinion is that it is just great. It is a purely mechanical system, no need to guess the direction of the market, it will just continue opening position that eventually will close with a positive amount.

The system is not exactly "martingale" but uses a similar approach (using Fibonacci series). The risk in this system is not that you do not have money anymore (because losing position will be in large part covered by winning positions), but that you run out of margin, so you cannot open new position and the entire strategy will collapse (potentially driving you to a huge loss).

That's why the autor of this EA suggest you have at least 5000 if you want to start this progressione from 0.01 lots or 50.000 if you want to start with 0.1.
Now the problem for me is that:

1 - I dont' have 50k to put in a standard account
2 - I'm using Alpari micro account and, no matter what's the amount on your account, you are limited to 2 Lots

Most of the users suggest you have to "monitor" this EA and, if you are too fare with the Fibonacci progression, you should close you position manually as soon as you have some profit or breakeven.
My idea of EA is something totally automated...not only because I'm lazy, but also because I travel in a lot of fancy places (it is job, not fun) and sometimes I just can't monitor for days.

So I decided to write this basic EA to run, in a different chart, together with 4x Cash Compunder. You basically set what's the maximum lots you can afford to have (counting Buy and Sell Stop orders) and if the limit is reached my EA will close everthing as soon as the "minimum profit" is reached (it can be 0 if you just want to breakeven or negative if you can affort some losses).

This is not 100% safe...you can still have a very unlucky cases in wich the price is staying between the BUY STOP and SELL STOP limit...but this is a very narrow channel and should not occur very often.

You also have a sort of "emergency button" Just sett "CloseAllNow" to true and everything will be immediately closed.

Please be aware this bot will not look just for 4xCashCompunder trades, it is Account-wide, so you'd better run it only when 4x cash compunder is the only bot running on your account.

If you have idea on how to improve it please post it. I'm posting the source code, if you improve it please post back your improved version.



Best
Francesco

Hi Frankjibe,
I have tried to use your EA but failed. When I compiled it again, there are many invalid numbers and empty token error messages.
Are you still using your EA? appreciate your help on how to make it work.
regards,
kwchau