{quote} Hi Paul I had a closer look and at 0.5 Min Trend the signal still stays -and it disappears when I change the Min Trend settings to 0.6. Different data feed for my broker I think.
"Pips are vanity. Profit is sanity."
Currency Grail Scalping System
Dear PaulDV, first of all I would like to thanks your effort to create such a great strategy into an EA. IMHO, although the trade entry is quite accurate but with the large SL really make a serious concern on long term investment as we all know markets change from time to time. Have you consider to turn this into similarity strategy like a breakout scalping which came with a tight SL and able to trail the profit to breakeven or lock down some pips when price move into a profit zone? Just my opinion. 
- #404
- Dec 8, 2019 4:00am Dec 8, 2019 4:00am
- Joined Oct 2017 | Status: Trader | 1,000 Posts
Anything above the line is an uptrend, below the line is a downtrend.
Dear PaulDV, first of all I would like to thanks your effort to create such a great strategy into an EA. IMHO, although the trade entry is quite accurate but with the large SL really make a serious concern on long term investment as we all know markets change from time to time. Have you consider to turn this into similarity strategy like a breakout scalping which came with a tight SL and able to trail the profit to breakeven or lock down some pips when price move into a profit zone? Just my opinion.
Yes, I've been observing the behaviour of certain currency pairs and have plans to test out such a modification. I'm planning on building a tool that produces a CSV for a given pair and set of parameters to show the max journey the signals take. From this, using Excel, I can then examine the effects of using different SL values. For example, having done this manually for a number of pairs using the current settings, AUDJPY would work well with a SL of 0 - there would be losses, but the gains would be massive.
E.g. using 20% risk, last 12 signals:
1 - 13.33% gain
2 - 26.67% gain
3 - 4.44% gain
4 - 16% gain
5 - 13.33% gain
6 - 20% loss
7 - 26.67% gain
8 - 20% loss
9 - 11.43% gain
10 - 8.89% gain
11 - 8% gain
12 - 8% gain
This equates to a total gain of 126% in just 12 trades, including 2 full losses!
If we take the risk down to a much more acceptable level of 5%, the overall gain becomes 26%, which is still very impressive.
"Pips are vanity. Profit is sanity."
- #414
- Edited 5:48am Dec 9, 2019 5:15am | Edited 5:48am
New EA and Indicator
As promised, here are the latest versions of my own EA and indicator.
The EA contains some proprietary code that I am not allowed to share, so please don't ask for the source. The other EAs in this thread contain the exact same entry logic as my EA, and that should be all you need - mine simply contains some additional money management and trade management functions.
Here are the parameters:
The parameters ought to be self-explanatory, but I will come back a bit later and update this post with a few more details.
Information Panel:
As promised, here are the latest versions of my own EA and indicator.
The EA contains some proprietary code that I am not allowed to share, so please don't ask for the source. The other EAs in this thread contain the exact same entry logic as my EA, and that should be all you need - mine simply contains some additional money management and trade management functions.
Here are the parameters:
The parameters ought to be self-explanatory, but I will come back a bit later and update this post with a few more details.
Information Panel:
"Pips are vanity. Profit is sanity."
- #415
- Dec 9, 2019 6:38am Dec 9, 2019 6:38am
- Joined Oct 2017 | Status: Trader | 1,000 Posts
Anything above the line is an uptrend, below the line is a downtrend.
