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Currency Grail Scalping System

  • #241
  • Nov 27, 2019 5:42pm Nov 27, 2019 5:42pm
Quoting mjvanzijl
Please dont bite my head off ..... where can I find someone that can make an indicator a mtf indicator..... I have the .ex4 and .mql4 file....
You can try this thread - they are often very helpful: https://www.forexfactory.com/showthread.php?t=166758
  • #242
  • Nov 27, 2019 7:32pm Nov 27, 2019 7:32pm
Sandy101

Check this one out Dashboard Trading.
Good EA simple to set up.
Go to page 1 for the TPL that will give you the black background.
  • #243
  • Nov 27, 2019 8:02pm Nov 27, 2019 8:02pm
Quoting The1Student
{quote} Care to share? In the pdf it also says that the author enters a trade seconds before candle close.
I am using HOLO strategy from TooSlow, I am not sure that I can post the link here but you can find it in forexfactory > trading system easily.
  • #244
  • Nov 27, 2019 8:18pm Nov 27, 2019 8:18pm
Quoting Degolep
Todays trades. Normal mode {image} HF mode{image} From EURUSD deduct -3674.14 from a test I made, and you get 107.92 profit.
What was the time-frame and settings for your normal mode?
  • #245
  • Nov 27, 2019 9:10pm Nov 27, 2019 9:10pm
Just had a look at the pdf. I have done extensive research on multiple no-stop loss systems and they NEVER WORK. They could work for few weeks, months but in the long term, you are going to get few trades which will never come back in your favor. So just a few trades gone wrong are enough to wipe out all the profit as well as your initial investment.

As a general rule of thumb, always backtest any system for few years to see how it performs.
  • #246
  • Edited 1:23am Nov 28, 2019 12:41am | Edited 1:23am
Quoting Azis1234
{quote} What was the time-frame and settings for your normal mode?
H1
Quoting rubion
{quote} I've installed the EA on my VPS but it's not placing any trades.
post #203
Anything above the line is an uptrend, below the line is a downtrend.
  • #247
  • Nov 28, 2019 1:48am Nov 28, 2019 1:48am
Quoting PaulDV
I've just spotted a mistake in my code for rule #4 (the close and open ratios of candles 2 and 1), so will post an update to correct that shortly. Unfortunately, that means I'll have to go back and re-run a bunch of tests to see how much it has affected the signals. However, one thing I have been looking at to limit losses and to protect accounts from being blown up is to make sure that all trades are closed at the end of every day (say 11pm broker time). This would stop holding trades overnight (thus reducing swap fees) and would also protect accounts...
Hi Paul.

Thank you for your hard work done so far

Have you resolved the coding mistake yet? What is the impact on the results?
  • #248
  • Nov 28, 2019 2:34am Nov 28, 2019 2:34am
Quoting will.cyan259
{quote} I am using HOLO strategy from TooSlow, I am not sure that I can post the link here but you can find it in forexfactory > trading system easily.
Yeah, I've been following that thread and tried out the system, and can see the similarities with this one, which is why I investigated this one a bit more than I otherwise would have.
"Pips are vanity. Profit is sanity."
  • #249
  • Edited 9:15am Nov 28, 2019 3:18am | Edited 9:15am
Quoting PipBros
{quote} Hi Paul. Thank you for your hard work done so far Have you resolved the coding mistake yet? What is the impact on the results?
Attached are the indicator and the latest version of chenxee's EA with the correction for rule #4. This has had a positive effect in that the values required can be much lower and the number of trades has increased.

I've also enabled the magic number and made the news filter work (requires FFCAL).

I've defaulted the parameters to the best settings for EURUSD H1.
Attached File(s)
File Type: mq4 scp_indi2.mq4   14 KB | 976 downloads
File Type: mq4 Currency Grail Scalping with Spread and news Filter EA.mq4   6 KB | 864 downloads
"Pips are vanity. Profit is sanity."
  • #250
  • Nov 28, 2019 3:31am Nov 28, 2019 3:31am
Quoting PaulDV
{quote} Attached are the indicator and the latest version of chenxee's EA with the correction for rule #4. This has had a positive effect in that the values required can be much lower and the number of trades has increased. I've also enabled the magic number and made the news filter work (requires FFCAL). I've defaulted the parameters to the best settings for EURUSD H1. {file} {file}
Could you upload the FFCAL in your post?
Anything above the line is an uptrend, below the line is a downtrend.
  • #251
  • Nov 28, 2019 3:35am Nov 28, 2019 3:35am
Quoting PaulDV
{quote} Attached are the indicator and the latest version of chenxee's EA with the correction for rule #4. This has had a positive effect in that the values required can be much lower and the number of trades has increased. I've also enabled the magic number and made the news filter work (requires FFCAL). I've defaulted the parameters to the best settings for EURUSD H1. {file} {file}
What a legend. Thanks!

Going to start testing this afternoon

Whats the way forward on the high frequency mode? By the looks of it I agree that it enters to many trades, anyway around it to balance it out?

Perhaps another way of looking at it is to have the EA applied to multiple TF's and multiple pairs
  • #252
  • Nov 28, 2019 3:43am Nov 28, 2019 3:43am
Quoting Degolep
{quote} Could you upload the FFCAL in your post?
The modification isn't mine, and I don't have FFCAL. I was just pointing out that it's needed if anyone wants to use the news filter.
"Pips are vanity. Profit is sanity."
  • #253
  • Edited 3:59am Nov 28, 2019 3:46am | Edited 3:59am
Quoting PipBros
{quote} What a legend. Thanks! Going to start testing this afternoon Whats the way forward on the high frequency mode? By the looks of it I agree that it enters to many trades, anyway around it to balance it out? Perhaps another way of looking at it is to have the EA applied to multiple TF's and multiple pairs
I haven't made any changes regarding that yet. I'm still working on getting my EA working as I'd like, and once it is, I'll post it here.

But as a taster, here's a screenshot:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 95 KB
"Pips are vanity. Profit is sanity."
  • #254
  • Nov 28, 2019 4:06am Nov 28, 2019 4:06am
It seems that every day we are closer to the holy grail, if possible, it is not obligatory, leave the Ea code open, to be able to make overcoming modifications, until 10 points do not work (the brokers and banks are united, and we must also be) This Ea is profitable but for large accounts, greater than 10,000 dollars, for the gross falls it can have. My wish is that it can be used from accounts of 100 dollars and up. Thank you for your effort.
  • #255
  • Nov 28, 2019 4:22am Nov 28, 2019 4:22am
Quoting farmabioq
It seems that every day we are closer to the holy grail, if possible, it is not obligatory, leave the Ea code open, to be able to make overcoming modifications, until 10 points do not work (the brokers and banks are united, and we must also be) This Ea is profitable but for large accounts, greater than 10,000 dollars, for the gross falls it can have. My wish is that it can be used from accounts of 100 dollars and up. Thank you for your effort.
For normal mode you don't need 10k, only for HF mode.
Anything above the line is an uptrend, below the line is a downtrend.
  • #256
  • Nov 28, 2019 4:28am Nov 28, 2019 4:28am
hello, PaulDV
the last modification of the test slow down a lot. Is that right or is it just me?
Can you limit operations as a number within each minute in mode HFT . For example, take 1 operation and take one operation every minute of an H1 candle if we give it as many as it can in the first 3 seconds. This would also allow small accounts to operate in mode HFT. thank you
  • #257
  • Edited 4:55am Nov 28, 2019 4:45am | Edited 4:55am
Quoting arteks
hello, PaulDV the last modification of the test slow down a lot. Is that right or is it just me? Can you limit operations as a number within each minute in mode HFT . For example, take 1 operation and take one operation every minute of an H1 candle if we give it as many as it can in the first 3 seconds. This would also allow small accounts to operate in mode HFT. thank you
I think the spread filter may be to blame for the slow down.

As for the HF mode, I'm going to completely rework this in my version of the EA. EDIT: I'll see if I can also retro-fit it into chenxee's EA.
"Pips are vanity. Profit is sanity."
  • #258
  • Nov 28, 2019 4:48am Nov 28, 2019 4:48am
Quoting PaulDV
{quote} I think the spread filter may be to blame for the slow down. As for the HF mode, I'm going to completely rework this in my version of the EA.
Thanks Paul for the openness in sharing your work... Kudos Brother...
  • #259
  • Nov 28, 2019 8:22am Nov 28, 2019 8:22am
Thank you PaulDV & Chenxee.
The results for just 11/28 using previous version of EA running on two machines (my PC and an Amazon VPS) which use the same account (different Lot Size to tell them apart). EA settings below. Still have two open trades in draw down. Not bad results so far today - 20 trades, 18 to TP and 2 about to go into profit. Yesterday wasn't as pretty but still profitable.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 56 KB
Attached Image
Perfidious Pips
  • #260
  • Nov 28, 2019 8:37am Nov 28, 2019 8:37am
Quoting PaulDV
{quote} Attached are the indicator and the latest version of chenxee's EA with the correction for rule #4. This has had a positive effect in that the values required can be much lower and the number of trades has increased. I've also enabled the magic number and made the news filter work (requires FFCAL). I've defaulted the parameters to the best settings for EURUSD H1. {file} {file}
Hi Paul, Appreciate it if you can post the code for the EA please
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