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Attachments: FX Laser Scalper System
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FX Laser Scalper System

  • #181
  • Nov 27, 2013 10:56am Nov 27, 2013 10:56am
Quoting forexmoments
{quote} Generally speaking, you can trade virtually any arrow now, as long as you're awake!
thanks!
  • #182
  • Nov 27, 2013 11:22am Nov 27, 2013 11:22am
its been 3 days. we have had only one signal , that too a false one.

what i fear is, it is very difficult to tell if the indicator is working properly or not. that is the problem with these type of signal indicators.

you could follow the signals and have 2 weeks of continous losses without realising the indicator is not functioning properly.

so, is there anyway of checking the functionality of it, for normal folks ?
  • #183
  • Nov 27, 2013 11:53am Nov 27, 2013 11:53am
well, the link for v2 doesnt seem to be working.


message...' adobe reader cannot find the file'
  • #184
  • Nov 27, 2013 1:01pm Nov 27, 2013 1:01pm
Quoting whatfx
its been 3 days. we have had only one signal , that too a false one.
Ahh, that's because you were using the old version. Please use the latest version.

Quoting whatfx
what i fear is, it is very difficult to tell if the indicator is working properly or not.
The only way is to keep on trading it on demo to get a feel for the signals. Never trade live until you're confident in the system you are using.
  • #185
  • Nov 27, 2013 1:04pm Nov 27, 2013 1:04pm
Quoting whatfx
well, the link for v2 doesnt seem to be working.
Right mouse click, then click "Save as".
  • #186
  • Edited 6:46pm Nov 27, 2013 4:08pm | Edited 6:46pm
Quoting forexmoments
{quote} Lots of people have asked me to make an EA. I personally don't believe an EA would be best suited for this, but I keep getting told the opposite, hehe. Maybe I'll look into getting an EA made for this in the future sometime, but even then, it wouldn't be as good as trading manually. Never is.
An EA allows you to back test quickly. All your points about SL, TP, higher timeframe assessment are valid. But if you want to know the accuracy of the signal for making say 2 pips and risk say 100 pips, an EA can tell you that. Once you gain confidence from EA back testing over a couple of years of data, then you can feel confident to manually take the signals to out smart the EA. That said, using previous support/resistant for SL, set break-even stops and trailing, fixed profit target, partial TP, higher timeframe trend assessment, news filter, session filter, etc. can all be coded into an EA. If the EA is profitable, even if it's not as profitable as manual trading, you have the benefit of sleeping through the night, eating your dinner, watching a movie or tending your day job. I know FerruFX can code such EA with one hand tied behind his back. haha. I am not kidding.
  • #187
  • Nov 27, 2013 7:24pm Nov 27, 2013 7:24pm
Okay okay, checking back few weeks, latest version looks real nice, HOWEVER my data only goes back a few weeks, but hardly a loosing trade.

lets hope for some alers 2moro.
  • #188
  • Nov 27, 2013 7:39pm Nov 27, 2013 7:39pm
Quoting qwertymyfx
Okay okay, checking back few weeks, latest version looks real nice, HOWEVER my data only goes back a few weeks, but hardly a loosing trade. lets hope for some alers 2moro.
Could you post a chart showing the latest signal? My latest one was 11-27-13:32 GMT, a good one.
  • #189
  • Nov 27, 2013 7:59pm Nov 27, 2013 7:59pm
Quoting FxSwordfish
{quote} Could you post a chart showing the latest signal? My latest one was 11-27-13:32 GMT, a good one.
This is what i'm seeing. you got the same?
Attached Image (click to enlarge)
Click to Enlarge Name: 27thm1.png Size: 45 KB
  • #190
  • Nov 27, 2013 8:14pm Nov 27, 2013 8:14pm
Quoting qwertymyfx
{quote} This is what i'm seeing. you got the same? {image}
Yes, identical. Thank you.
  • #191
  • Nov 27, 2013 8:30pm Nov 27, 2013 8:30pm
Quoting FxSwordfish
{quote} Yes, identical. Thank you.
np
  • #192
  • Nov 27, 2013 9:58pm Nov 27, 2013 9:58pm
Quoting forexmoments
{quote} Right mouse click, then click "Save as".

yes i did. but still having problems downloading indicators on my laptop. i get a message saying ''you do not have permission....''. then it says to save it in the admin folder instead. i did. but admin folder is for documents not indicators and also admin folder is not linked to my MT4 indicators folder.


i tried in my friends laptop. again no joy downloading, message saying '' adobe reader does not recognise the file.......''.

this is very strange, as i was able to download the original version on my friends laptop a few days back !
  • #193
  • Nov 27, 2013 10:25pm Nov 27, 2013 10:25pm
Quoting whatfx
{quote} yes i did. but still having problems downloading indicators on my laptop. i get a message saying ''you do not have permission....''. then it says to save it in the admin folder instead. i did. but admin folder is for documents not indicators and also admin folder is not linked to my MT4 indicators folder. i tried in my friends laptop. again no joy downloading, message saying '' adobe reader does not recognise the file.......''. this is very strange, as i was able to download the original version on my friends laptop a few days back !
If your MT4 is installed in the "programs (x86)" folder, Windows is trying to protect you from downloading file directly to MT4. So, download the file to your desktop or Documents folder then copy it to your MT4 indicators folder. Make sure the file extension remains to be "ex4".
  • #194
  • Nov 27, 2013 10:38pm Nov 27, 2013 10:38pm
Quoting FxSwordfish
{quote} If your MT4 is installed in the "programs (x86)" folder, Windows is trying to protect you from downloading file directly to MT4.
That's why MT4 mustn't be in the program files directory.
MT4/MT5 EAs/Indicators/Alerts coder
  • #195
  • Nov 28, 2013 12:41am Nov 28, 2013 12:41am
Signal appeared little over an hour ago during Tokyo session. Looks good and has given a 1:1 so far. Unfortunately I missed it but heads up, London is online soon. Also be aware that it is Bank holiday in U.S so if any signals appear during NY trade with caution! Good trading.
Attached Image (click to enlarge)
Click to Enlarge Name: LS 28.11.JPG Size: 25 KB
  • #196
  • Nov 28, 2013 1:21am Nov 28, 2013 1:21am
Quoting forexmoments
{quote} I'm not too keen on telling people which brokers to use. However, for demo purposes, it's probably easier to use FXDD, as they're already GMT+2. As is FxPro. Any others people are aware of? I think Alpari might be, need to double check. Thanks.
Hi forexmoments,

Our platform time is set to Eastern European Time (EET, GMT+2). During British Summer Time (BST), however, platform time is Eastern European Summer Time (EEST, GMT+3).


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #197
  • Nov 28, 2013 3:02am Nov 28, 2013 3:02am
Ok guys I have been doing some manual back-testing with the signal over the last 2 months. The statistics are on the basis that:
- every signal be taken irrespective of when the last signal was given
- Loss = trade didn't even manage a 1:1 Risk to Reward (RR)
- Break even (B/E) = stop was moved to B/E when trade went 1:1 RR and then reversed to be stopped out
- Win = trade moved 1:2 RR

These are the results:

Tokyo session (Tokyo open - Frankfurt open)
Loss = 9
B/E = 6
Win = 10
40% chance of gaining 1:2 RR
64% chance of at least gaining a 1:1 RR

Frankfurt/London session (Frankfurt open - New York open)
Loss = 10
B/E = 11
Win = 28
57% chance of gaining 1:2 RR
79% chance of at least gaining a 1:1 RR

New York session (New York open - Tokyo open)
Loss = 6
B/E = 23
Win = 16
35% chance of gaining 1:2 RR
86% chance of at least gaining a 1:1 RR
  • #198
  • Nov 28, 2013 3:12am Nov 28, 2013 3:12am
So to summarize to all those who might be thinking what the hell is this guy on about...

All session are profitable over the long run. However some are better than others.

- Trades taken during FF/ London open have got good probability of making double what is at risk on the trade
- Trades taken during NY open have small probability of reaching 1:2, whereas going for 1:1 is significantly better
- Tokyo session is pretty crap all round ( compared to other two) and there aint much difference to bottom line between going for 1:1 and 1:2. Still profitable though.

Hope that helps guys when choosing your signals. Just my 2cents anyways

CR
  • #199
  • Nov 28, 2013 4:06am Nov 28, 2013 4:06am
Quoting forexmoments
{quote} Right mouse click, then click "Save as".
Hi forexmoments,

i have downloaded indicator in "Experts\Indicators" folder but when i restarted MT4 and tried to locate the indicator in navigation panel, "fx_laser_scalper_v2.2" is not there. But i checked my MT4 folder and indicator is present. Probably anything is wrong, Please any trader advise the solution.

Regards
Love for all; Hatred for none.
  • #200
  • Nov 28, 2013 4:25am Nov 28, 2013 4:25am
Quoting aahmad29
{quote} Hi forexmoments, i have downloaded indicator in "ExpertsIndicators" folder but when i restarted MT4 and tried to locate the indicator in navigation panel, "fx_laser_scalper_v2.2" is not there. But i checked my MT4 folder and indicator is present. Probably anything is wrong, Please any trader advise the solution. Regards
Are you looking under custom indicators in navigation tab
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