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Currency Grail Scalping System

  • #441
  • Quote
  • Dec 10, 2019 8:26am Dec 10, 2019 8:26am
Quoting Degolep
I got default settings, had these trades closed. EURCHF still opened and -20 pips. {image} PaulDV you have set it to 5% risk?
Have a look at the image below..
Attached Image (click to enlarge)
Click to Enlarge Name: 1 (2) Revised.png Size: 136 KB
  • #442
  • Quote
  • Dec 10, 2019 8:32am Dec 10, 2019 8:32am
Quoting Ocsag
{quote} Have a look at the image below.. {image}
I know I will just leave it like this.
Anything above the line is an uptrend, below the line is a downtrend.
  • #443
  • Quote
  • Dec 10, 2019 8:40am Dec 10, 2019 8:40am
Quoting Degolep
PaulDV you have set it to 5% risk?
No, I'm using 20%
"Pips are vanity. Profit is sanity."
  • #444
  • Quote
  • Edited 7:18am Dec 11, 2019 6:04am | Edited 7:18am
Quoting PaulDV
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: {image} 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...
Hi
Would be nice if you would give the source of EA as mq4 too. Sometimes making things like this open source can be fruitful and people can look into source and add or fix some issues and features and some people like me can learn from it.

Thanks

ps. Also, would be nice if someone has a good setting for 15 minute charts sharing it.
pss. one feature that would be nice to have is limiting the bot to take new positions based on free margin, user can set if the free margin is below certain amount or a percentage of balance... no new positions until the previous ones are closed.
  • #445
  • Quote
  • Dec 11, 2019 6:24am Dec 11, 2019 6:24am
Quoting khodakarami
{quote} Hi Would be nice if you would give the source of EA as mq4 too. Sometimes making things like this open source can be fruitful and people can look into source and add or fix some issues and features and some people like me can learn from it. Thanks ps. Also, would be nice if someone has a good setting for 15 minute charts sharing it.
Yes, wouldn't it be nice if someone spoon fed us all with everything we wanted so that we don't actually have to do any of the work?

Read my post again - you'll see why I am unable to share the source.

If you want the source, go back to the previous version on this thread - that contains everything you need for this strategy.
"Pips are vanity. Profit is sanity."
  • #446
  • Quote
  • Dec 11, 2019 11:02am Dec 11, 2019 11:02am
Account gonna explode soon.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 160 KB
Anything above the line is an uptrend, below the line is a downtrend.
  • #447
  • Quote
  • Dec 11, 2019 11:23am Dec 11, 2019 11:23am
Quoting Degolep
Account gonna explode soon. {image}
Yes, but you can't trade 20% risk with many pairs. maybe 1-2%
  • #448
  • Quote
  • Dec 11, 2019 11:43am Dec 11, 2019 11:43am
Quoting majamivice
{quote} Yes, but you can't trade 20% risk with many pairs. maybe 1-2%
I know but still the draw down is big, I've loaded it with 5mil monopoly money, wan't to see how it will go
Anything above the line is an uptrend, below the line is a downtrend.
  • #449
  • Quote
  • Dec 11, 2019 11:45am Dec 11, 2019 11:45am
Quoting Degolep
Account gonna explode soon. {image}
How have you managed to get so many open trades? The parameters you've shown say a max of 4 trades, with a max of 2 on any one pair...
"Pips are vanity. Profit is sanity."
  • #450
  • Quote
  • Dec 11, 2019 4:46pm Dec 11, 2019 4:46pm
This strategy has great results if it is optimized.
  • #451
  • Quote
  • Dec 11, 2019 5:04pm Dec 11, 2019 5:04pm
Quoting PaulDV
{quote} How have you managed to get so many open trades? The parameters you've shown say a max of 4 trades, with a max of 2 on any one pair...
I don't know, you tell me. I'm using the default settings. The only thing I have changed is the magic number for each pair.
Anything above the line is an uptrend, below the line is a downtrend.
  • #452
  • Quote
  • Dec 11, 2019 6:01pm Dec 11, 2019 6:01pm
Quoting Degolep
{quote}The only thing I have changed is the magic number for each pair.
That's why.
"Pips are vanity. Profit is sanity."
  • #453
  • Quote
  • Dec 11, 2019 6:13pm Dec 11, 2019 6:13pm
Quoting PaulDV
{quote} That's why.
Well anyway, I think this way we saw how good or bad is the setup. I got more or less all the alerts, no ignoring any signals.
Anything above the line is an uptrend, below the line is a downtrend.
  • #454
  • Quote
  • Dec 12, 2019 2:18am Dec 12, 2019 2:18am
Quoting Degolep
{quote} I don't know, you tell me. I'm using the default settings. The only thing I have changed is the magic number for each pair.
Does the Magic number change the Way it trades ? If so what Will happen when Not changing Magic number with multi pairs..
  • #455
  • Quote
  • Dec 12, 2019 4:40am Dec 12, 2019 4:40am
Quoting Kirk65
{quote} Does the Magic number change the Way it trades ? If so what Will happen when Not changing Magic number with multi pairs..
Yes, there are two Max Trade parameters; one restricts how many trades can be open on the current pair, the other restricts how many trades can be open across all pairs, but for this to work, all pairs must use the same magic number.
"Pips are vanity. Profit is sanity."
  • #456
  • Quote
  • Edited 10:45am Dec 12, 2019 10:24am | Edited 10:45am
Quoting Degolep
{quote} Well anyway, I think this way we saw how good or bad is the setup. I got more or less all the alerts, no ignoring any signals.
Yeah, my account blew up this afternoon - combination of trading during the UK election and all of the USD news today for the most part, but I've also spotted a possible link between some trades which lost, namely entering a reversal trade in a strong trend, with the trend overpowering the trade.

I've amended the indicator to take this into account, and none of the losing trades would have been taken, had it been included at the time.

I've also added a spread filter as requested by others, and also incorporated a gap filter to avoid entering trades where the trigger candle gapped from the previous one.
Attached File(s)
File Type: mq4 Currency Grail Indi.mq4   15 KB | 635 downloads
File Type: ex4 Currency Grail EA.ex4   132 KB | 503 downloads
File Type: mq4 Currency Grail Scalping with Spread and news Filter EA.mq4   7 KB | 645 downloads
"Pips are vanity. Profit is sanity."
  • #457
  • Quote
  • Dec 12, 2019 10:35am Dec 12, 2019 10:35am
Quoting PaulDV
{quote} Yeah, my account blew up this afternoon - combination of trading during the UK election and all of the USD news today for the most part, but I've also spotted a possible link between some trades which lost, namely entering a reversal trade in a strong trend, with the trend overpowering the trade. I've amended the indicator to take this into account, and none of the losing trades would have been taken, had it been included at the time.
So Paul, defining a trend and taking this trade setup in the trend direction?

What criteria did you use to define a trend?

Thanks
  • #458
  • Quote
  • Dec 12, 2019 10:47am Dec 12, 2019 10:47am
Quoting aaven
{quote} So Paul, defining a trend and taking this trade setup in the trend direction? What criteria did you use to define a trend? Thanks
I noticed that if 3 out of the previous 4 candles were in the opposite direction (i.e. trending), then the trend is likely to be too strong for a reversal to occur.

So, the code (you can see it in the indicator) checks the 4 candles prior to the trigger candle, and if 3 or more are all in the same direction, it ignores the signal.
"Pips are vanity. Profit is sanity."
  • #459
  • Quote
  • Dec 12, 2019 12:34pm Dec 12, 2019 12:34pm
Quoting tenthman
And that wasn't a "perfect setup" ... obviously.
Take a look to this MT5 platform. The spread is very low.
www.crowdforex.ch
  • #460
  • Quote
  • Dec 12, 2019 12:51pm Dec 12, 2019 12:51pm
Quoting PaulDV
{quote} I noticed that if 3 out of the previous 4 candles were in the opposite direction (i.e. trending), then the trend is likely to be too strong for a reversal to occur. So, the code (you can see it in the indicator) checks the 4 candles prior to the trigger candle, and if 3 or more are all in the same direction, it ignores the signal.
Thank you Paul for the explanation...
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