Currency Grail Scalping System

Quoting luca.marango

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Hi Paul thanks for your effort, while compiling it gives the following errors 'd1' - unexpected token Currency Grail Scalping with Spread and news Filter EA.mq4 134 14 '=' - unexpected token Currency Grail Scalping with Spread and news Filter EA.mq4 134 16 ';' - unexpected token Currency Grail Scalping with Spread and news Filter EA.mq4 134 41 'double' - constant expression required Currency Grail Scalping with Spread and news Filter EA.mq4 134 7 '{' - some operator expected Currency Grail Scalping with Spread and news Filter EA.mq4 133 6 '(' -...

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Quoting PayTheLimit

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{quote} So where the second candle has little or no wick? Am I reading that right? Would have that saved that cable trade that you got tagged on?

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Quoting PaulDV

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{quote} No, I mean the offset between the two candles. E.g. if they are trending up, the low of the second candle must be higher than the first, but if this gap is too small then the trade is likely to fail or take a very long time to recover. But you're right about the losing cable trade: that was due to the parameter for rule #4 not being large enough (I think I had it as zero). With the current set of parameters, that losing cable trade would have been avoided, and a subsequent one would have been taken that day and it would have won.

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Quoting PayTheLimit

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{quote} ok gotcha….I am finding something similar, if the second candle touches the open of the first, its more likely to be a problem...let me ask you one more thing, any data on candles in the same direction? have you looked at that at all?

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Quoting PaulDV

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{quote} I can't say that I've noticed that. I've had a quick run through a few of my charts looking at the signals, and I don't see a pattern regarding that myself - but maybe that's due to my settings overall?

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Quoting PayTheLimit

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{quote} you know what, no scientific evidence here either....but that's a good idea, I will have a look at your trades thus far and check a few things out that I have been pondering....that way we can be on the same page, and saves me loads of time to boot...will get back atcha if I sees anything interesting.... thanks for your time, and effort....have a great weekend....

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Quoting PaulDV

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I've been doing some forward testing and had a few trades that went way too long, and having analysed the figures, I came to the conclusion that the separation (i.e. trend) of the two bars needs to be taken into account. Basically, I noticed that where the gap between the lows or highs of the two candles was less than 0.5 pips, the trade had a tendency to go in the opposite direction. So, I've made a small tweak to the indicator to include this as a parameter, and I'm using the following values on both demo and live accounts: {image} I've added...

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Quoting aaven

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{quote} Thanks Paul for uploading the EA and for your effort. What is the size you are trading with for a given trade? Are you using the spread filter and what is the maximum tolerance that you are allowing for a spread? Thank you once again

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Quoting Degolep

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5 different accounts, 5 different settings. Some are running from 27.11 and some from 28.11. 2 accounts have still open trades. 1.{image}{image} 2.{image}{image} 3.{image}{image} 4.{image}{image} 5.{image}{image} Last one opened all 119 trades today, this is as we call it "salami slicer" Anyway will keep them running, it's fun watching this it's like watching Rambo

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Quoting Degolep

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{quote} UPDATE The only two EA's running and worth testing. Other 3 failed big time, and just way too many trades. {image} {image}

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Quoting xxsskxx

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{quote} Sorry so whats the difference between the 2 settings? Or have you selected different pairs for each?

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Quoting Degolep

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{quote} Check the settings again

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Quoting PaulDV

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{quote} I'm not using a spread filter. My position sizing is being done by my own EA using money management - 20% risk per trade with a +50 stop. This usually equates to a gain of around 1.5% per win. I will be posting a copy of my EA soon.

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Quoting Toppi

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Hi! I get 12 trades in a row that hit 5 pips TP but this last one is confusing. It looks like a Doji, its news time so why EA takes this trade? CAD JPY H1, default settings {image}

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Quoting PaulDV

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{quote} I don't use a news filter because the author says that you shouldn't have to take fundamentals into account and the strategy is using pure price action. That said, I haven't tested the news filter that was added to the EA, so maybe there's something not right with the settings? If you had been using my new settings, this trade would not have been taken. Load the latest version of the indicator to your chart and you will see that there's no signal: {image}

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Quoting AndreasF

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{quote} Paul, I also get a signal there with the new settings applied. In manual trading I basically ignore such small candles, but the EA would have taken it I think. Thanks Andreas {image}

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Quoting PaulDV

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{quote} Hi Andreas, That signal is not the one that Toppi took: he took a trade on the opening of the doji following the large drop. I would check your settings again, as I've downloaded the latest indicator again (in case I'd made another typo) and it doesn't show that signal unless you set the Min trend between bars to zero.

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