Scalping System JALNO

Quoting jnevins

Disliked

Hi Everyone... I ran a test of the EA on my Amazon Web Services (AWS) VPS where I am running an Oanda Demo Account under Windows Server 2016. The EA ran for a complete week and took 319 trades on the 8 largest pairs with the lowest spread... Trade size was .5 lot on a beginning balance close to 1m. Net loss for the week was $1,881+ Best, JNevins {image}

Ignored

Quoting RisingSun

Disliked

{quote} OP suggests that this EA should be run on ECN accounts with very tight spread. Oanda's spread is generally very high, isn't it? My broker is TitanFX New Zealand, an ECN. Commission is relatively high @$7, which is equivalent to 0.7 pips, so the net profit taken at 4.5 pips will be 3.8 pips. Just a thought. RS

Ignored

Quoting jnevins

Disliked

{quote} The spread on EUR/USD on my Oanda demo acct. averages 1.4 pips... so average profit was 3 pips or so across all of the pairs. The win ratio was pretty good at 68% but the size of the losses @ 3X wins created the steady downward account balance. I don't know if the SL and TP can be adjusted for a better result. Being in the US limits access to very low spread demo accts...

Ignored

Quoting RisingSun

Disliked

{quote} The EA would take profit (close a trade at) 4.5 pips plus the spread. The eu spread of ecn broker is generally 0.2 to 0.4 pips. Ttherefore; with ecn, 4.5 + 0.2 = 4.7 while with oanda 4.5 + 1.4 = 5.9 This would reduce the win rate considerably. Pity US residents cannot use low spread ecn brokers, but isn't there any broker outside US that allow US residents to open accounts?

Ignored

Quoting jnevins

Disliked

{quote} The spread on EUR/USD on my Oanda demo acct. averages 1.4 pips... so average profit was 3 pips or so across all of the pairs. The win ratio was pretty good at 68% but the size of the losses @ 3X wins created the steady downward account balance. I don't know if the SL and TP can be adjusted for a better result. Being in the US limits access to very low spread demo accts...

Ignored

Quoting tigerbalm

Disliked

I like this Broker. Fixed spread for 0.5 pip on EURUSD no extra commission. But low leverage though only 100:1. Not sure if it accepts US clients. https://sec.rakuten.com.au/ They have many branches. I am with australian branch. I do not benefit from promoting this broker. I am only a client there.

Ignored

Quoting Ryanfrc

Disliked

Late posting because of just get back home, and i see the history trade for eurjpy and gbpusd quite weird Tradeforex1. First take a look at this EURJPY AND GBPUSD trade first. **Revised EURUSD Pair work itself by JALNOEA {image} {image}

Ignored

Quoting jnevins

Disliked

{quote} Sadly, they cannot accept U.S. traders {image}

Ignored

Quoting TradeForex1

Disliked

{quote} GBPUSD had very fast spike, EA went to close for 4.5 and got filled at 1.0, but it was before news so should not even be open but, still 2/2 on GBPUSD. I stopped USDJPY. Only EUR and GBP.

Ignored

Quoting jnevins

Disliked

{quote} Thanks Risingsun... I just set up a Pepperstone MT4 demo on my AWS Instance and will run the same pairs all week and report back with the results... This is for proof of concept... See the screenshot... If this works out, then I'll have to dig harder to find an ECN solution that legally allows US traders. IC Markets clearly stated the dilemma in a chat window.... {image} {image}

Ignored

Quoting TradeForex1

Disliked

Hi all, As many identified that the Risk/Reward ratio makes unsustainable in long term, I moved onto my favourite day instrument of the past - DAX30. Why DAX30? Nearly always movement, low trading costs, good timezone for me and nice volatility for day trading. So, I just started live account on new settings that address risk/reward ratio. Win is 25 points, loss 20. So margin favourable R/R by about 1.2:1 Currently now, I will try to collate a 99% data for more extensive testing. Win rate is close to 60% on the data I have available. Backtests so...

Ignored