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Scalping with tight stops, small TP and EA's

  • #61
  • Oct 20, 2018 4:22pm Oct 20, 2018 4:22pm
Quoting sergioante
Hidden
I am using the setfiles he provided in the zipfile he posted and run backtests on all of them a coupple of the pairs AUD/USD and EUR/GBP didnt survive other than that they all looked very good on backtests,but i am going live with it tomorrow ore tuesday soo we will see how it goes if you pm your email i can send you the ones i use.....You should have run it on demo for a while before going live forward testing is importent...Anyway i am not promoting this ea here i just keep journal on my results...
You win some you loose some do both with peace of mind
  • #62
  • Oct 22, 2018 10:30am Oct 22, 2018 10:30am
LOL today i broke the rule again but i didnt kill the account i had a pullback on a GBP/USD shorterm up trend and went in with 1% a pip lots and it went against me a little and i moved the sl because of the uptrend and too soon i opened another one 2% a pip beetween 2.5 and 3 lots soo it went against me some more down a coupple of hundreds and then it shot up and i where too quick too get out because of the high leverag and missed 2x7 pips if i had held it for 10-20 seconds more i would have bagged it instead i got out with a total loss of 2 dollars...LOL....Risking 200 too loose 2 dollars its not good at all...I will get killed if i keep doing that high levrage... If i am too doo theese tings i need too lower my leverage a lot....Up 3 % soo far today will look at second session and see if there are anysetups..
You win some you loose some do both with peace of mind
  • #63
  • Oct 22, 2018 11:01am Oct 22, 2018 11:01am
Ok done for day traded another pullback with doubble entry i have done that 4 times today with full leverage tomorrow i will cut my lotsize in half trading only pullbacks of shortermtrend and if first trade goo in fine i just need too take twice as many trades and if first entry fails i will goo in with one more entry too a total of 1% a pip and use a stoploss of 5 pips of second entry will take a hit when stoploss taken out but i belive winrate with two entrys will be way higher than with only one...Will see tomorrow i have gotten live with 2 cent accounts EA`s today one of them took a 25% hit but the other is up 0.5% soo far the first one is a lot of gain mayby 100% a week ore total overkill...LOL we will see have it updated here...
You win some you loose some do both with peace of mind
  • #64
  • Oct 22, 2018 11:34pm Oct 22, 2018 11:34pm
Took a big hit opens 7 possisions coming against me need too restart with New account again will trade maximum Lots soo i cant open more possisions....And locking sl at 2 pips soo cant be moved...
You win some you loose some do both with peace of mind
  • #65
  • Oct 23, 2018 2:12pm Oct 23, 2018 2:12pm
Yes i have suffered some big losses so my account where started at 291 dollars i have put a EA on it its a high risk high return EA either it does 100-150% a week ore its total overkill if soo happens i need too take a breake from trading until i get my next paycheck,but i have desided that if i want my account up too 600-1000 dollars in near future this is the only way because i just cant follow my rules i started the day off with 5 winners on 1 lot and gained 10% and then i opened 2 times 1 lots and moved my stoploss ended in cutting account in half...Soo lets say i have lost quite a bit this week....So far the EA have taken my account from 291 dollars too 309 i will post a TE tomorrow but i dont remember password so i cant change investorpassword will see if i can get it fixed tomorrow...I will doo a little trading bye the side if the account survives tomorrow....Its a micro grid soo with automoneymanagement that it what makes it soo high return....
You win some you loose some do both with peace of mind
  • #66
  • Oct 24, 2018 2:13pm Oct 24, 2018 2:13pm
Thats It for my unregulated broker Finpro i have been with them for 4-5 months now and given them over 6000 dollars in total they must have a plugin because everytime 15-20 times when a trade has gone against me not one time has it turned and gone into profit for me not one time its like it goes aginst me 10-15 pips and then it turnes and goes into profit with 1 ore 2 pips after i have aweraged in on multiple possisions and then it plummits against me 20-30 pips in a 3 min candle ore two and that way too rob traders are the worst i know soo stay away from FINPRO i really was ghappy with them and i asked them once if they manipulated prices doo to all my losses once i think i had 22 consecutive losses soo they havennt been soo bad at my 1-2 pip trades as long as i havent given rook in my stoploss os soon as thats been done the have robbed me and i am not saying this because i am a sore looser no i am 100% sure that they are doing this its not possible too have soo bad luck that i have had with them ...When i was with IC markets i had 2 ore 3months where i where in profit consistant that hasnt happened more than 9 days with this broker...Mayby they felt sorry for me letting me gain a little...And the funny ting is that they resseted my password while i where in a trade and i lost 20 dollars because it hit stoploss when i was locked out 10 minutes i asked for refund and they said no.....And then i brought up in chat abaut manipulation and 5 minutes after the losses was credited too my account soos someting smells....I am just wondering if i will get my withdrae of 260 dollars i have left in my account at all...So now i go back too IC markets with 5 dollar more commision than Finpro but i am sure that its worth every pnyy mayby i can start winning trades again...If i get 5 IB clients i get 5 dollar npr lot commsion soo i have too work hard on reqruting 5 clients it will take a coupple of days too get my withdrael and doo get started again with IC markets,but i will keep you updated and my EA`s will have gotten their first week live...
You win some you loose some do both with peace of mind
  • #67
  • Oct 25, 2018 6:53am Oct 25, 2018 6:53am
I actually found another broker in Australia FP markets they have a bonus on deposit 500 bonus if deposit 500 and 20% on all over that and they charge 6 dollars pr lot thats 1 dollar less thatn IC markets and they been in buissnes for 12 years i love their website and i have opned a demo with them while i wait for my withdrael i have given FP a proposition that if i can get 5 dollar pr lot commision i will try and get some of my clients in my FB group that have made 420 members actually too follow me too FP markets....5 dollar commision i can live with i am on demo now until i get my withdrael if i doo...LOL and will probebly goo with FP markets they opened a 100000 ollar demo account for me soo a little unrealistic but trading 50 lotsits almost the same as me trading a 1000 account with 0.5 lots and it will be easier for me too practise cutting loss quick seiing thoose huge amounts...I KNOW MY STRATEGIE IS PROFFITEBLE WITH VERY LOW DRAWDOWN AND HUGE UPSIDE WITH HIGH LEVERAGE IF I JUST COULD FOLLOW MY RULES AND DONT MOVE STOPLOSS SOO WHAT I NEED TOO PRACTICE ON DEMO IS LOOSING...
You win some you loose some do both with peace of mind
  • #68
  • Oct 25, 2018 9:37am Oct 25, 2018 9:37am
And there i got in a 8 pip trade on my first day that happend too me only twice in the 5-6 months i was with Finpro i can feel it on the whole imige of the chart that everyting is different you can belive they have had a good laugh abaut me when i redeposited and messed up and they could ...ck me time after time and stupid me just put in more money not be critical at all....I really just belived that i was that bad...And i remebmer last week i where in a buy on EU was in a uptrend and my computer froze and when i got it running again it was suddenly in a down trend and instead of being up 20 dollars i was down 55 passed my stoploss got removed when my computer froze thats ok but from uptrend on 3 min chart too downtrend in minutes NONONO....And i didnt react too that either...
You win some you loose some do both with peace of mind
  • #69
  • Oct 25, 2018 9:59am Oct 25, 2018 9:59am
Soo much easier everyting i am calling it now 2% on a account like this is not bad that could be enough for a month for me if i had account like this i am notising its much easier too follow rules when you are trading high amounts like last trade i where down 1000 and was actually thinking of closing it but it was at ressistence and it turned and gave me 2 pips drawdown for the day 2.43%
You win some you loose some do both with peace of mind
  • #70
  • Oct 25, 2018 10:13am Oct 25, 2018 10:13am
I am soo done with small brokers and i actually tought that when small they took good care of their clients,but i should have known with 2 dollars pr lot its only by being criminals they make money...they where soo helpful in the chat and fixed everyting at once but i just thinking of them laughing at me....I have given them tousands of dollars soo they should give me my withdrael ore i fly too london and walk in there office and i wouldnt be very nice...
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You win some you loose some do both with peace of mind
  • #71
  • Oct 26, 2018 2:21pm Oct 26, 2018 2:21pm
I am running this ea on a cent account with some setfiles that wernt very good they had a stoploss at 17 pips and being a grid EA it sometimes goes into the stop soo i deposited first 8000 got cut down and i filled up a it lost ending at 21000 cents ore 210 dollars and it was down at 13000 then i changed the setfiles using automoneymanagemet and my god this is the best trader i have ever seen it was up at 50 lots within a range of 15 pips and came out with 2000 cent profit on that trade alone soo for 24 hours it traded back everyting lost from 13000-21000 but i thought it where a little crazy soo i sat maximum lots too 20 but then it only opened 0.5 lot trades and on cent thats too small soo i upped it too 50 lots and even with that it opens only 0.8-90 lots soo i have too set it at 60 ore 70 to get it too start with 2-3 lots i mean it wins every trade 70-100 trades a day and time in trade is 17 minutes awerage most of them wins at once ore have too open one grid before closing with profit late today it went in on sells on all the jpy pairs and open 2 possisions and then it spiked up 30-40 pips and it just waited and when it had calmed down and started too return down it opened 1 6 and one 8 lot on all tree and closed after 10 pips with profit....I mean i have never seen anyting like this ever if traded full lots with this i am sure it could doo 200% a week but i dont have the guts too doo that its just too crazy...So ihave my FXbook dont see at % gain because i have added deposit after loss soo absolute gain its what matter and even with roof on lots it did 4% today yesterday 18% and day before 35%...So next week i will up the lots too 60 ore 70 at 100 i know it will trade the huge lots again...Too be continued...
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You win some you loose some do both with peace of mind
  • #72
  • Oct 27, 2018 9:05am Oct 27, 2018 9:05am
I tried too become a IB with FP markets and get my commsision off on my own trading their commsision is 6 dollar roundturn and their spreads are a little higher than IC markets....IC have 0 spread on majors FP have 0.2-0.4 soo a total of 8-10 dollars pr lot traded if i could get commision off i would be at 4 dollars a lot and with IC after you have 5 IB clients trading you get your 2 dollars of on commision a total of 5 i guess the big clients also get that,but too get 5 IB clients that trade account its not easy and i have problems getting the rest of my funds out of my previus broker another sign on them being ..ucking crooks soo too get on my feet i need the 500 dollar bonus t FP markets have soo i can start with 1000 and trade 0.5 lots and i must doo 500 trades before withdrael but now with a legit broker mayby i can stay in profit a little longer 500 trades is 1 month of trading when i am up tooo my game 250 lots total soo i guess i goo with FP markets even if i cant be IB for them my accountmanager doesnt answer my emails when i ask him abaut it soo iguess they dont need anymore clients i have a FB group soo i guess i could get them 1 ore 2 clients but this must be up too them if i dont hear any i just trade the 6 dollar lot....
You win some you loose some do both with peace of mind
  • #73
  • Oct 27, 2018 10:14am Oct 27, 2018 10:14am
Quoting magne999
I tried too become a IB with FP markets and get my commsision off on my own trading their commsision is 6 dollar roundturn and their spreads are a little higher than IC markets....IC have 0 spread on majors FP have 0.2-0.4 soo a total of 8-10 dollars pr lot traded if i could get commision off i would be at 4 dollars a lot and with IC after you have 5 IB clients trading you get your 2 dollars of on commision a total of 5 i guess the big clients also get that,but too get 5 IB clients that trade account its not easy and i have problems getting the...
you misunderstood how that IB stuff works
ICM will give IB 2$ back on a clients lot traded ( though most IBs will surrounder 75% of that, and collect 0.5$ in reality).
but
that doesnt mean ICM will reduce your own trading cost by 2$ too!
you can sign up under an IB yourself, and get, say, 5.5$ commission.

anyhow, your main issue doesnt the commission or the spread, but the too tight SL/TP and slippage.
there is always, always another trade!!
  • #74
  • Oct 27, 2018 10:25am Oct 27, 2018 10:25am
Quoting profitfarmer
{quote} you misunderstood how that IB stuff works ICM will give IB 2$ back on a clients lot traded ( though most IBs will surrounder 75% of that, and collect 0.5$ in reality). but that doesnt mean ICM will reduce your own trading cost by 2$ too! you can sign up under an IB yourself, and get, say, 5.5$ commission. anyhow, your main issue doesnt the commission or the spread, but the too tight SL/TP and slippage.
Ok i talked too a Garret i am sure you know who he is being with IC for some time i asked him abaut getting off the 2 dollars and he said i could get that if i had 5 signups under my ib active...
You win some you loose some do both with peace of mind
  • #75
  • Oct 27, 2018 10:31am Oct 27, 2018 10:31am
Quoting magne999
{quote} Ok i talked too a Garret i am sure you know who he is being with IC for some time i asked him abaut getting off the 2 dollars and he said i could get that if i had 5 signups under my ib active...
hm, maybe so.
i was once asked them about this, putting across lots of volume there that time, and the answer was NO.
i am glad to be wrong on this, and wish they give you the 5$ direct discount.
i pay 5.5$ with ( a 100% useless) IB.
there is always, always another trade!!
  • #76
  • Oct 27, 2018 10:37am Oct 27, 2018 10:37am
Quoting profitfarmer
{quote} hm, maybe so. i was once asked them about this, putting across lots of volume there that time, and the answer was NO. i am glad to be wrong on this, and wish they give you the 5$ direct discount. i pay 5.5$ with ( a 100% useless) IB.
Too get 5 clients depositing 200 dollars seems like and endless task in theese scamming times even if i have a ea ore two that are proffiteble nobody belives you anymore i am in some facebook groups actually 40 ore 50 with up too 20000 members and all the time i mean all the time is this invest 200 withdrae 7000 after a week its everywhere i really didnt belive it where that many criminals but they are all over all the time its no way of escaping them i have 420 members in my group and i have kicked out atleast 50 posting this shit in my group....
You win some you loose some do both with peace of mind
  • #77
  • Oct 27, 2018 10:41am Oct 27, 2018 10:41am
Soo i will goo with FP markets they are at the same path as IC becoming big doe too the leverage bullshit from ESMA...And even with 6 dollar lot IC is cheaper with their 0 spreads but as i said too get fast up on my feet i am too try the 500 bonus...If i cant survive until traded 250 lots it can be the same..lol atleast its not all my own money...
You win some you loose some do both with peace of mind
  • #78
  • Oct 27, 2018 11:05am Oct 27, 2018 11:05am
Quoting profitfarmer
{quote} you misunderstood how that IB stuff works ICM will give IB 2$ back on a clients lot traded ( though most IBs will surrounder 75% of that, and collect 0.5$ in reality). but that doesnt mean ICM will reduce your own trading cost by 2$ too! you can sign up under an IB yourself, and get, say, 5.5$ commission. anyhow, your main issue doesnt the commission or the spread, but the too tight SL/TP and slippage.
And too the tight stops yes i use a fixed stop at 2 pips but i am training on loosing now and i must be able too close out the trades when they goo against me soo mayby i should set the stop at 5 pips and learn too close out at 1 ore 2 pips instead because my system is based on going straight into profit and i am able too point that as i said 7 ore 8 times out of 10 but not able too take the losses....So instead i move stop and depend on it turning again and with scum brokers atleast having a feast on my behalf....Soo it boiles down too disipline and only that...
You win some you loose some do both with peace of mind
  • #79
  • Oct 27, 2018 11:19am Oct 27, 2018 11:19am
Quoting magne999
{quote} And too the tight stops yes i use a fixed stop at 2 pips but i am training on loosing now and i must be able too close out the trades when they goo against me soo mayby i should set the stop at 5 pips and learn too close out at 1 ore 2 pips instead because my system is based on going straight into profit and i am able too point that as i said 7 ore 8 times out of 10 but not able too take the losses....So instead i move stop and depend on it turning again and with scum brokers atleast having a feast on my behalf....Soo it boiles down too...
truth is, that slippage can be + or - , but in my experience, when added all up, it was always tilted toward the negative total.
when you use 1-2 pips, that TP or SL get hit with slippage, often, and with frequent trading if on average you are slipped on entry exits -0.1 pips, that can add up quickly, and cancel out 1-2-3 good trade's worth. daily even.
not sure if you ever scrutinize your statement for the actual closing prices vs the Tp or SL price that was set. on a weekend, probably there is time to take a week's worth of trades, and jot down the numbers, to see if and how it effected your result.
there is always, always another trade!!
  • #80
  • Oct 27, 2018 11:33am Oct 27, 2018 11:33am
I truly belive that i would be in consistent profit if i only could let the SL stay where it is my data is telling me that i have total of tousand trades picked here and there when i have been able too let the sl stay ore i have been able too close out when going against me and a total of all thoose trades have a 1.6 pips pr winning trade and 1.9 at loosing trades with a winrate of 78% some on the 1 minute and some on the 3 minute its only when i move my stoploss i take the hits even knowing that i just seem too cant escape this problem,but with my latest broker it has gone against me every time i have let it run against me a bit and that is not normal and now also issues with withdrael of 260 dollars even giving them tousands in losses....And i never use TP
You win some you loose some do both with peace of mind
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