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Scalping System JALNO

  • #101
  • Edited 5:56am Nov 21, 2017 5:04am | Edited 5:56am
Quoting TradeForex1
{image}{image} I finished coding the EA. I ran quick backtest for Oct and trades line up perfect according to manual trading. Backtest allow for commission etc, The EA does not contain news filter, so, any backtest would not be true reflection of performance. E.g this morning EURGBP I advise to stay out until after 10am as there was GBP data. But at least EA means you only need to be near screen to turn off EA for impending news, not open/close trades. Its more of an aid than a pure set and forget, trader need to be aware of data on horizon. Prehaps...

Can't PM, junior Member lol, Can you email to me please, { email address deleted by staff }
  • #102
  • Nov 21, 2017 5:12am Nov 21, 2017 5:12am
Awesome job on your EA TradeForex1 !

As junior member i cant PM you but I would be glad to backtest your EA (99,99% tick data)
  • #103
  • Nov 21, 2017 5:15am Nov 21, 2017 5:15am
If I want to see a cross of moving averages in place of the oscillator what
What Moving Averages Should I Put With Which Data?
I want to trade through the phone and there is no possibility of a special oscillator
thnks
  • #104
  • Nov 21, 2017 5:29am Nov 21, 2017 5:29am
Quoting noyraz
If I want to see a cross of moving averages in place of the oscillator what What Moving Averages Should I Put With Which Data? I want to trade through the phone and there is no possibility of a special oscillator thnks
There you go. I ve made a template
LWMA 28 apply to close
LWMA 144 apply to close
SMA 200 apply to close
You can easily put that on the phone and trade from there
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 39 KB
Attached File(s)
File Type: tpl ! Scalper.tpl   7 KB | 395 downloads
Trade with 60
  • #105
  • Nov 21, 2017 7:37am Nov 21, 2017 7:37am
Quoting TradeForex1
{image}{image} I finished coding the EA. I ran quick backtest for Oct and trades line up perfect according to manual trading. Backtest allow for commission etc, model quality poor but i am pushed for time currently. EA only demo for now, as its in infancy and imperfect state, I don't want it live running on people account. The EA does not contain news filter, so, any backtest would not be true reflection of performance. E.g this morning EURGBP I advise to stay out until after 10am as there was GBP data. But at least EA means you only need to be...
Hi. Why don't you upload it here so we all can test it?
  • #106
  • Nov 21, 2017 7:39am Nov 21, 2017 7:39am
Tuesday:
EURUSD: (3/4)
USDJPY: (3/4)
EURGBP: (1/1) Waited till >1030GMT

+3 pips.
Hopefully a few more to get us to double figures for today.
myfxbook DOT com/members/TopTradeBot
  • #107
  • Nov 21, 2017 7:57am Nov 21, 2017 7:57am
Quoting TradeForex1
{image}{image} I finished coding the EA. I ran quick backtest for Oct and trades line up perfect according to manual trading. Backtest allow for commission etc, model quality poor but i am pushed for time currently. EA only demo for now, as its in infancy and imperfect state, I don't want it live running on people account. The EA does not contain news filter, so, any backtest would not be true reflection of performance. E.g this morning EURGBP I advise to stay out until after 10am as there was GBP data. But at least EA means you only need to be...
With this MM is unsustainable in long term. With a good optimization i think it worth something
  • #108
  • Nov 21, 2017 7:57am Nov 21, 2017 7:57am
Quoting sanmiguell
{quote} With this MM is unsustainable in long term. With a good optimization i think it worth something
What makes you say that?
myfxbook DOT com/members/TopTradeBot
  • #109
  • Nov 21, 2017 8:05am Nov 21, 2017 8:05am
Yep, lots of people think MM in terms of SL and TP ratio is important. But I think for small TP and with a good high rate of success MM is less important. This requires strict rules following.
  • #110
  • Nov 21, 2017 8:05am Nov 21, 2017 8:05am
Quoting sanmiguell
{quote} With this MM is unsustainable in long term. With a good optimization i think it worth something
THis is what i mean (look in my previous posts). This system is good and nothing must be changed! If it is not what you want, how about take the next one?
We now on the page 5 and i hope this can reach 10 without many tuning requests.
Perfection is the enemy of good enough!
  • #111
  • Nov 21, 2017 9:44am Nov 21, 2017 9:44am
Quoting TradeForex1
Tuesday: EURUSD: (3/4) USDJPY: (3/4) EURGBP: (1/1) Waited till >1030GMT +3 pips. Hopefully a few more to get us to double figures for today.
how you figure? looking at eu i see w l l w w = -12.5p
and on uj i see l w w w = 0.5p
  • #112
  • Nov 21, 2017 10:01am Nov 21, 2017 10:01am
Quoting grrbear
{quote} how you figure? looking at eu i see w l l w w = -12.5p and on uj i see l w w w = 0.5p
only one EURUSD loss, 10:17 open Long,.
only been 4 eurusd
9.07, out 9.29 +4.5
10.17 stopped
10.50 short +4.5
13.12 short +4.5
myfxbook DOT com/members/TopTradeBot
  • #113
  • Nov 21, 2017 10:05am Nov 21, 2017 10:05am
Quoting Simontw
{quote} JAFX will take US citizens and and is good for scalping like this.

Probably will take a look at this broker, I'm looking at Tradersway and LQDFX thus far. I'm not familiar with brokers and learning more about the commission, spread components in Forex Trading.
  • #114
  • Nov 21, 2017 10:30am Nov 21, 2017 10:30am
Quoting TradeForex1
{quote} only one EURUSD loss, 10:17 open Long,. only been 4 eurusd 9.07, out 9.29 +4.5 10.17 stopped 10.50 short +4.5 13.12 short +4.5
what happened can be seen in the pictures. between these two brokers, maybe only one or two pipettes, caused one broker to print a blue bar in the indi and the other not

still, after reviewing a few pairs with this method there are too many days where multiple losses are unavoidable. there are days when there are 3 losses back to back. without some type of discretion i don't know how the high win rate can be true
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM1(ic).png Size: 74 KB
Click to Enlarge Name: EURUSDM1(pep).png Size: 66 KB
  • #115
  • Nov 21, 2017 10:35am Nov 21, 2017 10:35am
Quoting grrbear
{quote} what happened can be seen in the pictures. between these two brokers, maybe only one or two pipettes, caused one broker to print a blue bar in the indi and the other not still, after reviewing a few pairs with this method there are too many days where multiple losses are unavoidable. there are days when there are 3 losses back to back. without some type of discretion i don't know how the high win rate can be true {image} {image}

I'm assuming the red line is the 200 SMA. What indicators are showing the blue and red trend changes? Thanks.
  • #116
  • Nov 21, 2017 10:35am Nov 21, 2017 10:35am
Quoting grrbear
{quote} what happened can be seen in the pictures. between these two brokers, maybe only one or two pipettes, caused one broker to print a blue bar in the indi and the other not still, after reviewing a few pairs with this method there are too many days where multiple losses are unavoidable. there are days when there are 3 losses back to back. without some type of discretion i don't know how the high win rate can be true {image} {image}
You would have got the trade on the next set of blue about 10 min later.
Naturally not all brokers have same feed.
My results based on ic markets only.
Dont think every system wins every day ?
Yes 3 losses back to back is possible. Likewise is 10 wins.
myfxbook DOT com/members/TopTradeBot
  • #117
  • Nov 21, 2017 10:45am Nov 21, 2017 10:45am
Quoting TradeForex1
{quote} You would have got the trade on the next set of blue about 10 min later. Naturally not all brokers have same feed. My results based on ic markets only. Dont think every system wins every day ? Yes 3 losses back to back is possible. Likewise is 10 wins.
What is an IC market and which broker are you using for your live account? Thanks TradeForex
  • #118
  • Nov 21, 2017 10:54am Nov 21, 2017 10:54am
Quoting TradeForex1
{quote} You would have got the trade on the next set of blue about 10 min later. Naturally not all brokers have same feed. My results based on ic markets only. Dont think every system wins every day ? Yes 3 losses back to back is possible. Likewise is 10 wins.
3 losses @ 13p + 10 wins @ 4.5p = 6p minus spreads/commissions on 13 trades = loss
  • #119
  • Nov 21, 2017 10:55am Nov 21, 2017 10:55am
Quoting TradeForex1
{quote} only one EURUSD loss, 10:17 open Long,. only been 4 eurusd 9.07, out 9.29 +4.5 10.17 stopped 10.50 short +4.5 13.12 short +4.5
stoped out coz enter candle was accurate below daily pivot., so rong enter.
before to enter i look to m5 charts, to see trend direction, pivot levels (daily and weekly)strenght meter too.


gbpusd give me today 16 pips, i dont take every trade, i look for the momentum.
target per trade 4 pips, sl 13 pips, i use alert for signal, and Ea who put automatic tp and sl.

trading eurusd,gbpusd, usdjpy. i am concentrate a long time in scalping mode, so i sugest to put for yourself a fix target, amount of pips per day. My real target is 12 pips per day, no matter how much pairs are invovled in trading proces, i trade until i make 12 pips. If you are able to make 10-12 pips per day, every trading day, you can left your own job, with a good account, it can make your rich.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf-h1-alpari-international-limited.png Size: 61 KB
Click to Enlarge Name: gbpusd.png Size: 59 KB
  • #120
  • Nov 21, 2017 11:00am Nov 21, 2017 11:00am
right, with extra knowledge and experience and discretion one can make this system profitable but as it is probably not
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