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Currency Grail Scalping System

  • Post #101
  • Quote
  • Edited at 10:54am Nov 23, 2019 10:40am | Edited at 10:54am
Quoting ancapreb
Thank your for share the strategy. It seems really interesting. I am backtesting it in 4H TMF in several pairs and I think that maybe it is not strictly necessary than the 2nd bar size has to be bigger than the 1st one, even with similar bars seems to work nicely, obviously not with big diffs between the 2 bars (the 2nd much smaller) and always respecting the close/high close/low difference between the bars that I think it is the most important point of the strategy together with HH/HL - LH/LL.
Actually, I think that the strategy works better in 1H than in 4H (it is easier to get 5 pips in 1H counter trending than 20 pips in 4H). I saw some cases in 4H that the price never came back to the original entry price.
You can only profit from that which you can anticipate.
Could someone please implement a RR factor?
For example: SL on Low[1] or High[1], and TP x3
Thanks !
Quoting Dino10
On Friday I won about 5 trades and gave it all back on my last trade because the second candle was only 5 pips bigger than the first. That's when I realized the importance of the second candle ,the bigger the better.
Right on ... and another thing I like about this kind of trading is you can see pin bars, engulfing candles and you can wait for them to be set-up correctly too. A heck of a lot easier looking for 10 pips than it is hoping for 30 or more. Get in the trade and if it goes against you GET OUT! If it goes your way, 10 pips isn't unreasonable.
Quoting PaulDV
OK, make of this what you will... I hacked @chenxee's EA a bit, and in doing so, made a small mistake with the order submission logic, resulting in the EA submitting a new order every 3 seconds or so! Realising my mistake, I fixed it, but then thought I'd add an option to trade it this way, and called it High Frequency Mode. I've attached the EA for everyone to play around with, but thought I'd show the results. I ran the EA on EURUSD over a 3.5 year period (Jan 2016-Sep 2019) using quality tick data, and got the following: In High Frequency Mode...
PaulDV, which TF did you use for Testing?
Quoting renkotop
{quote} PaulDV, which TF did you use for Testing?
His EA is based on 1h tf.
I believe so I exist
Quoting Cologne
{quote} His EA is based on 1h tf.
Thank you
Quoting renkotop
{quote} PaulDV, which TF did you use for Testing?
Th defaults are set for H1, but you can change the parameters and use it for any other timeframe.
try these setting on eurusd h1
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Quoting Moolah
try these setting on eurusd h1 {image}
79% over nearly 4 years...not great TBH:
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I've added in the last rule of the author's strategy which is to exclude setups where the closing 'wick' or opening 'wick' is below a certain size (updated EA is attached).

I've run several thousand tests to ascertain optimum settings for EURUSD on H1, and, while there are 'better' results using larger stops (and hence more risk), I have settled on the following settings as probably being the most optimum:
Attached Image


The risk has been reduced from the previous 135 pip stop down to a 50 pip stop. While this is still 10:1, I've seen many other EAs with much worse that don't measure up to this little one's performance.

These settings give the following results:
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So, a 168% gain over nearly 4 years, without any compounding, at a 99.4% win rate, and a drawdown of under 12%...not bad in my opinion!
Attached File
File Type: mq4 scp.mq4   5 KB | 411 downloads
Quoting PaulDV
I've added in the last rule of the author's strategy which is to exclude setups where the closing 'wick' or opening 'wick' is below a certain size (updated EA is attached). I've run several thousand tests to ascertain optimum settings for EURUSD on H1, and, while there are 'better' results using larger stops (and hence more risk), I have settled on the following settings as probably being the most optimum: {image} The risk has been reduced from the previous 135 pip stop down to a 50 pip stop. While this is still 10:1, I've seen many other EAs with...
the win rate is so high 10:1 shouldn't be much of a problem is it possible to add risk % instead of lot size, by the way i would like to thank you for making these EA
Quoting Moolah
{quote} the win rate is so high 10:1 shouldn't be much of a problem is it possible to add risk % instead of lot size, by the way i would like to thank you for making these EA
Money management will be one of the new additions, so it can compound, but a trailing stop will be next, as this may allow us to reduce not only the trigger bar ratio (and hence increase the number of trades) but may also allow us to reduce the SL further.
Same settings as before, but not using the high frequency mode, and a lot size of 5:
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I've managed to take the lot size up to 15 lots per 10,000 (on a 500:1 leveraged account) without any problems, and the return was 790%...stupid figures, I know, and I wouldn't suggest anyone trades with that much risk, but it does show what this little EA can achieve.
  • Post #114
  • Quote
  • Edited at 8:11am Nov 24, 2019 7:36am | Edited at 8:11am
Quoting PaulDV
I've added in the last rule of the author's strategy which is to exclude setups where the closing 'wick' or opening 'wick' is below a certain size (updated EA is attached). I've run several thousand tests to ascertain optimum settings for EURUSD on H1, and, while there are 'better' results using larger stops (and hence more risk), I have settled on the following settings as probably being the most optimum: {image} The risk has been reduced from the previous 135 pip stop down to a 50 pip stop. While this is still 10:1, I've seen many other EAs with...
I would advise to trade this on H1 and hedge at -50pips and release the hedge at the first next D1 signal to get to break even as D1 will almost surely provide a 50pips tp.
Quoting PaulDV
Same settings as before, but not using the high frequency mode, and a lot size of 5: {image} {image} I've managed to take the lot size up to 15 lots per 10,000 (on a 500:1 leveraged account) without any problems, and the return was 790%...stupid figures, I know, and I wouldn't suggest anyone trades with that much risk, but it does show what this little EA can achieve.
Thank you for EA. You can make backtest with small deposit? Like $250?
Quoting osmanxx
{quote} Thank you for EA. You can make backtest with small deposit? Like $250?
The results will be the same providing you use the correct lot size.

High frequency mode requires a minimum balance of around $2000 per 0.01 lost to avoid a margin call, so you would need to turn high frequency mode off.

With high frequency mode off, and leverage of 500:1, you ought to be able to use 1 lot per $1000, so a $250 account ought to be able to use 0.25 lots.
Quoting PaulDV
{quote} The results will be the same providing you use the correct lot size. High frequency mode requires a minimum balance of around $2000 per 0.01 lost to avoid a margin call, so you would need to turn high frequency mode off. With high frequency mode off, and leverage of 500:1, you ought to be able to use 1 lot per $1000, so a $250 account ought to be able to use 0.25 lots.
Thank you. EA have very big potantial. I make backtest some pairs. Very good except XAUUSD. Can you check XAUUSD?
Quoting osmanxx
{quote} Thank you. EA have very big potantial. I make backtest some pairs. Very good except XAUUSD. Can you check XAUUSD?
I'm concentrating on EURUSD for now, but will move on to other pairs once I'm happy with the features and the results.

Of course, there's no reason why others can't do some testing on other pairs...
Would be realy nice if someone could write an Indicator for that setup. We could easily spot setups on all instruments for example on the dailies in some minutes.
  • Post #120
  • Quote
  • Edited at 5:20pm Nov 24, 2019 2:02pm | Edited at 5:20pm
Quoting Klausi
Would be realy nice if someone could write an Indicator for that setup. We could easily spot setups on all instruments for example on the dailies in some minutes.
Your wish is my command...
Attached File
File Type: mq4 scp_indi2.mq4   12 KB | 442 downloads
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