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Scalping-pro - the next Holy Grail?!

  • Post #1
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  • First Post: Edited Oct 9, 2015 3:54am Oct 5, 2015 5:32am | Edited Oct 9, 2015 3:54am

Solved, please Tablet8's answer below


I've recently found this EA that shows amazing results in tests. The www doesn't say much about it.
Attached Image (click to enlarge)
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Problem is that the coder made it so it cannot be used on live trading, be it real or demo account. And this makes me raise an eyebrow.
I usually ignore these magical money making tools, but this one intrigues me because I cannot get how it works. Usually after I test an EA I get at least an idea and I can understand it. This one, no. I couldn't find any logical explanation about how trades are opened. They seem random. Take a look below.
Attached Image (click to enlarge)
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So this is a question for the experienced traders and coders. How does it work? What's the main idea? What do you think?
Curiosity is killing me lol
Feel free to download and test it, if you wish. Also, please understand that I have no connection with the creator and I'm not trying to advertise anything here. Actually I think that one must be insane to pay for an EA that can't even be tested on a demo account.
Attached File
File Type: ex4 scalping-pro.ex4   58 KB | 4,139 downloads
Been using the RobotFX trend EAs for a while
  • Post #2
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  • Edited at 7:26am Oct 5, 2015 7:12am | Edited at 7:26am
Quoting wattaman
I've recently found this EA that shows amazing results in tests. The www doesn't say much about it. {image} Problem is that the coder made it so it cannot be used on live trading, be it real or demo account. And this makes me raise an eyebrow. I usually ignore these magical money making tools, but this one intrigues me because I cannot get how it works. Usually after I test an EA I get at least an idea and I can understand it. This one, no. I couldn't find any logical explanation about how trades are opened. They seem random. Take a look below....
the real name of this rubbish expert is angry beaver, it can not make any profit in real account , in back test it gives u tremendous result with a spread less than 9 point or 0.9 pips fixed ,
since there is no broker with such a small fixed spread , so it is impossible to make money from it


this robot is fooling people by spread tick and tip !!
here is the original link for this rubbish robot !
https://www.mql5.com/en/market/product/1982
if u want to test it put the spread to 20 point ,
then u can see the real result

briefly:
if u have a broker with

zero slippage (always)

zero spread slippage (always)

fixed spread always less than 0.5 pips (always)

no commission at all

no swap at all

then this robot will work for his master .
There are brokers with spread less than 1.0 pips (e.g. IC Markets EURUSD up to 0.0 pips, but you have to pay comission).

In scalping a spread of 2 points is unrealistic. With this spread you will lose with many scalping methods.
hi should give demo.
this is how real LIVE scalper should work: http://www.myfxbook.com/members/trad...yz-414/1287306
Quoting gregh286
hi should give demo. this is how real LIVE scalper should work: http://www.myfxbook.com/members/trad...yz-414/1287306
u have a nice broker !!

is your spread always fixed?(even at the time of very important news like FOMC or unemployment rates... ? )
and how much is the spread for those pairs u trade with angry beaver?

I know a person who bought this robot for 2449 $ but he was always loosing in real.

many months ago i was very interested in angry beaver, at that time i did not knew that the secret is the spread and spread slippage when i found that i forget about it .
Im gunna give you a helpful tip: Anything that has the name scalping in it, you are best just to stay away. Don't waste time on broker sensitive systems, that's all you doing wasting your time.

Spend the short amount of time you have in life looking to last out for the marathon of trading, not the first 100m sprint.

THIS EA WILL NOT WORK IN LIVE
All posts are my personal opinion
Quoting Rtm
Im gunna give you a helpful tip: Anything that has the name scalping in it, you are best just to stay away. Don't waste time on broker sensitive systems, that's all you doing wasting your time. Spend the short amount of time you have in life looking to last out for the marathon of trading, not the first 100m sprint. THIS EA WILL NOT WORK IN LIVE
you are only basing that on past experience.
i ran my system 6 months in live and average 37% a month scalping automated.
most scalpers fail cos they are programmed too slowly.
thats why they backtest well.
but they are too slow in real trading.
mine is fast in both.
Quoting gregh286
{quote} you are only basing that on past experience. i ran my system 6 months in live and average 37% a month scalping automated. most scalpers fail cos they are programmed too slowly. thats why they backtest well. but they are too slow in real trading. mine is fast in both.

I scalp successfully and profitable(look at my TE).

IM not saying it CANT be done, I am just saying as general advice to people on forums and this post as it is basing claims from a backtest/demo account that exploits the fact of 0 slippage and perfect fixed spread(unrealistic in live environment).
All posts are my personal opinion
Quoting tablet8
{quote} the real name of this rubbish expert is angry beaver, it can not make any profit in real account , in back test it gives u tremendous result with a spread less than 9 point or 0.9 pips fixed , since there is no broker with such a small fixed spread , so it is impossible to make money from it this robot is fooling people by spread tick and tip !! here is the original link for this rubbish robot ! https://www.mql5.com/en/market/product/1982 if u want to test it put the spread to 20 point , then u can see the real result ...
Thanks. Now I understand how it manages the money so it will test +
I still can't figure out how it chooses the trades. I think random
Been using the RobotFX trend EAs for a while
"It cannot be used on real account or demo", well that says it all and additionally, it is always better to go manual rather than trust your account to a third party software..just my two cents
Quoting wattaman
So this is a question for the experienced traders and coders. How does it work?
If you want a programmer to reverse engineer the strategy from the code, you'll need to supply the .mq4 file.
Quoting tablet8
in back test it gives u tremendous result with a spread less than 9 point or 0.9 pips fixed , since there is no broker with such a small fixed spread , so it is impossible to make money from it

I completely take your point about "what's wrong with it" (a common problem, of course, with these things and the way they're presented) and you're right to say so, too; but you seem in the statement just above to be confusing "brokers" with "counterparty market-makers" and "retail bucketshops": Interactive Brokers (for example) has a 0.1 pip spread on EUR/USD and commissions from only $2 per round-trip, according to monthly volume. Such methods can sometimes be viable (for as long as they work) if you use a real broker and not someone who's trading against you. A real broker doesn't mind you scalping the market because he has no interest in the outcome of your trades, but a counter-party market maker won't let you scalp them indefinitely, even if the sp-reads do make it viable. Please forgive my sounding pedantic about this: I'm "just saying" (because nobody else is going to!).
Quoting hanover
{quote} If you want a programmer to reverse engineer the strategy from the code, you'll need to supply the .mq4 file.
No, thanks. Besides, I don't have a mq4 file, it is not my ea.
Anyway, Tablet8 clarified this for me. The fact that it won't work is enough for me
Now I wish I could have an option to delete this thread, so it won't trick anyone into buying this thing.
Been using the RobotFX trend EAs for a while
As a programmer, i can tell that it is very easy to deceive anyone with back test results.

Use back test result just to see initial validation. Always run any program in live and see how it runs for few days with small lots.
Hello

How could try this EA?
EA asks for a password?

Best wishes
Trading Asian hours since I live in Asia. :-)
Reasons for entering:
- Price goes down, touches dragon, but doesn't break it.
- Trend is moving up on M1, M5 and M15
- Volume shows two candles (red then pink)
Reason for exiting:
- Dragon was initially showing a diagonal move upwards, but after a while it was more like a horizontal line.
I existed this just in time because after that it started to do a correction.
EA's will never perform as you expect. You will lose money if you trade this way so please use the smallest lot size possible
Another Backtest holygrail scalper. No thanks . Been there done that.
Hello watta; may I get the account link right now! Actually, I am interested to see the result right now, hope this trading EA keeps adding green pips as like the picture that you added. By the way, now I am going to use this trading EA, I’ll update you the result.
I backtested the EA, the result is very good. Will test on demo account

Backtest URL: http://ea-backtest.com/profx-scalper-eurusd-10
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