All about MiEA 1

On this page we will understand in detail all about MiEA 1 – entry point, principle of order maintenance, order fixing, as well as strengths and weaknesses of this version.

Attention! Description applies only to the latest version of MiEA 1.2

Entry point:

Input is performed on the basis of glow and simultaneously multivalut analysis. The starting point is the direction of the last candle on each pair. By default, 9 pairs are involved, of which 7 are directly related to the dollar. The task of the EA is to find the initial direction of the price, which is led purely by the dollar. So the first 4 pairs have a dollar in second place, the pairs number 5, 6, 7 have a dollar in first place, if we talk about the direction of the dollar, it turns out that if the first 4 grow, the next 3 should fall. The other two (8 and 9) are directly related to the pair 1 and 2, by which their direction is compared to 1 and 2.
As a result, we get the formula:
1 – up
2 – up
3 – up
4 – up
5 – down
6 – down
7 – down
8 – up
9 – up
The scenario above is used or exactly the opposite for the opposite signal. Each scenario determines the direction of the dollar and pairs relative to it. In the next step EA analyzes which of the pairs at the moment of formation of the analyzed bar was more active (which pair of bar has the longest), as a result of which, we get a point of entry on this pair in the direction of movement of the last bar.

Support of warrants:

Almost all MiEA have the same support. Orders are increased in case of repeated signal towards the first input. A minimum _Step distance is maintained between orders and can be configured separately for each pair.
Important point! For MiEA 1, you can set the step to plus or minus separately, which gives you more flexibility!
In the same way, the trading panel allows you to set the mesh on/off towards the profit and towards the loss (a detailed description of the functionality of the trading panel)
An important parameter accompanied by UseUPlot warrants. He is responsible for including lot magnification when the position is increased. If enabled, an initial lot will be added to each new warrant. For example, the first lot 0.01, the second 0.02, the third 0.03…. Ninth 0.09 and so on. This feature perfectly helps to speed up the capture of warrants, but at the same time is dangerous in case of unsuccessful entry against the trend.

Fixing of warrants:

The profit capture is tied to the volume of open orders. The more warrants are open, the more their lot amount, the greater the profit. The ProfitPips parameter is responsible for the profit amount. Profit formula: Amount of lots * ProfitPips.
Once the total profit reaches the desired value, the EA closes all its warrants.
Also in the settings there is a parameter StopLossProcent is responsible for the amount of loss as a percentage of the balance sheet. I highly recommend to determine for yourself the permissible amount of loss which you can receive and use necessarily.

Strengths and weaknesses of MiEA 1:

Version 1 is effective in principle, in any market. This version finds good entry points both at trend and during flute. I ‘m not seeing any weaknesses yet.

Contacts for communication:

 Phone: +380978167824
 Telegram: @mforexpro