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Currency Grail Scalping System

  • #561
  • Jan 4, 2020 4:28am Jan 4, 2020 4:28am
Quoting pichha
Paul thats true about brokers. I have been gatting mixed signals. Both using ECN account. One is coinexx other is ICmarkets. They dont show the same candle close price. But thats not our problem right now. Is it possible to add SL option, so it puts right SL on the neck of the arrow? Because if you want to test out other timeframes is uses high/low of 1h chart. Just testing out 4h timeframe with 1:1 RR to see how it goes. Im putting stoploss on the neck of the arrow, seems really good. But it would be much easier if i had EA to do it. Current backtest...
I assume you're referring to the arrow that the indicator puts on the chart, yes?

If so, then where this is placed is governed by the "Additional room for SL (pips)" parameter, and is the high or low of the previous bar plus or minus this number of pips. It is not coded to use the H1 period - it uses the current chart period.

The "SL Method" parameter of the EA has a setting "Previous high/low" which performs the same logic, however, you set the "Additional room for SL" in the "Stop loss (pips)" parameter.

E.g. to place the SL in the same place as the arrow on the indicator, you set "SL Method" to "Previous high/low" and set "Stop loss (pips)" to 1.

This will get you what you want.
"Pips are vanity. Profit is sanity."
  • #562
  • Jan 4, 2020 4:43am Jan 4, 2020 4:43am
Quoting PaulDV
{quote} If you're asking about how the markets work, I would seriously suggest that you stop trading until you have had time to learn the fundamentals of trading - it's far too in-depth for someone to cover in a single post. But as a starter, you should look up "correlation". Your second screenshot is how it should be. I would recommend that you don't trade live with the broker/account you used for the first screenshot, as you will lose ALL of your money very quickly.
No I'm not asking you how the markets work nor do I need your advice but thanks anyway.

My comment was regarding USD/JPY, AUDJPY and EURJPY all giving the same Grail signal on the very same bar and at the same time however your charts would not have shown this. My own systen also suggests a possible bullish phase on these markets which is why I asked your opinion on JPY.
All charts/ideas based on UK time zone
  • #563
  • Jan 4, 2020 6:05am Jan 4, 2020 6:05am
Quoting sponge
{quote} No I'm not asking you how the markets work nor do I need your advice but thanks anyway. My comment was regarding USD/JPY, AUDJPY and EURJPY all giving the same Grail signal on the very same bar and at the same time however your charts would not have shown this. My own systen also suggests a possible bullish phase on these markets which is why I asked your opinion on JPY.
Go back and read your comment - that's exactly what you asked. I don't see how I could have interpreted it in any other way.
"Pips are vanity. Profit is sanity."
  • #564
  • Jan 4, 2020 7:00am Jan 4, 2020 7:00am
@PaulDV which timeframe you recommend with your EA?
  • #565
  • Jan 4, 2020 4:09pm Jan 4, 2020 4:09pm
Have made MT5 EA version.. but implemented that EA works with bars open prices only so in Strategy Tester can be used "Open prices" modeling. Optimized GBPUSD with 20 years of data and found that the best time frame is Weekly. Only 85 deals in 20 years... on average 4 deals per year. But if found some 10 other symbols and some indexes/metals maybe this all package could work. It is possible to setup about 15 EAs on 1 account because of so few deals. See the backtest Excel attached.

Implemented is_reverse_logic parameter in order to check maybe better works opposite logic - when selling setup then do buy and vice versa. For USDPY this worked out - see backtest Excel. But again very few deals - 45 in 20 years.. but profitable

MT4 cant be used for optimizations/backtesting with SL/TP less than 10 pips. "Every tick" is very inaccurate. I recommend backtesting your MT4 EA on timeframes starting from D1 or remake it to use "Open prices" approach. The best thing when developing EAs for "Open prices" modeling is that optimizations and backtests work very fast. And you have precise data for a long history.
Attached File(s)
File Type: xlsx GBPUSD_2000_recovery_9.85_dd_138_profit_1367_weekly.xlsx   55 KB | 367 downloads
File Type: xlsx USDJPY_2000_recovery_8.30_dd_12_profit_101_weekly.xlsx   34 KB | 292 downloads
  • #566
  • Jan 4, 2020 6:01pm Jan 4, 2020 6:01pm
Hi,

I might have two suggestions for improvement:

  1. As I understood the EA has a setting for the maximum number of trades both per pair and overall. The idea is that as soon as a trade has locked in profit (either by stop-loss or trailing stop-loss) this trade does not need to be counted anymore. This could give the EA some room to open a new trade earlier (just not on the same pair as the open profitable order).
    .
  2. When a trade nears stop-loss, you could decide to add a same trade to the position. This method is used in the "trading made simple" strategy and works great. In that thread they call it MEME (Multiple Entry / Multiple Exit). The idea is that with multiple orders of the same direction and same size you can average the entry price and indeed also the take profit level. This usually turns a loosing trade into a winner.
    Example of a MEME trade (not related to this strategy):
    Attached Image

    The EA expected a price drop, but instead price went up. By adding 2 extra trades the average became more favourable and eventually made a small amount of money.

The first suggestion is risc-free. The second is not 100% risc-free.

Cheers...

  • #567
  • Jan 5, 2020 2:11pm Jan 5, 2020 2:11pm
Quoting PaulDV
{quote} Go back and read your comment - that's exactly what you asked. I don't see how I could have interpreted it in any other way.
Keeping in mind my post on the JPY pairs / Grail signals and the fact we are discussing a scalping method here I found your post “ that's how the markets work” a bit vague so I asked you to expand on it, that's all.
All charts/ideas based on UK time zone
  • #568
  • Jan 5, 2020 2:54pm Jan 5, 2020 2:54pm
Quoting sponge
{quote} Keeping in mind my post on the JPY pairs / Grail signals and the fact we are discussing a scalping method here I found your post “ that's how the markets work” a bit vague so I asked you to expand on it, that's all.
Might just be me but it gripes my beans when people chip in criticising every move without really giving anything back to assist at all, the way I see it is we are all here to try and build something and all have a purpose to build our accounts let’s make 2020 about contribution with definition.
  • #569
  • Jan 6, 2020 5:51am Jan 6, 2020 5:51am
good day all, just looking at the new version of the EA and i see an expiration date so will the EA stop working on that date?
  • #570
  • Jan 6, 2020 2:13pm Jan 6, 2020 2:13pm
Note this is a UK spread bettors chart.

Daily short signal from PaulDV's indi

My own system also fired a short signal.

Grail target 50 points easily reached.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 21 KB
All charts/ideas based on UK time zone
  • #571
  • Jan 7, 2020 3:06am Jan 7, 2020 3:06am
Since this Monday didn' t open order ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-01-07-16-04-35-470_com.microsoft.rdc.android.jpg Size: 1.3 MB
  • #572
  • Jan 7, 2020 5:20am Jan 7, 2020 5:20am
Quoting noogolf
Since this Monday didn' t open order ? {image}
It's about to open one. I Think
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 381 KB
  • #573
  • Jan 7, 2020 7:33am Jan 7, 2020 7:33am
Quoting jshear
Good morning. Loaded up on default on the EU 1hr chart. Today I see a white arrow but no trade? Is this correct? {image}

ive not had the white arrow on mine, i did make sure the EA and indi settings match but dont see anything at all. I have screen shots of my settings wondering if i have set them up wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: grailindisets.PNG Size: 16 KB
Attached Images
  • #574
  • Jan 7, 2020 2:00pm Jan 7, 2020 2:00pm
Welcome. I am new to the forum. sorry for my bad English.
I've been reading this thread for a long time.
I want to thank you @PaulDV. You put in a lot of work and people complain here.
Everyone wants effects. without giving anything from each other. when I read this thread, I see that some should not trade.
Thank you @Moolah too. With it you can learn the new strategy.
Personally, I don't use EA. but the indicator tests willingly. I will speak about the effects in a month.
  • #575
  • Jan 8, 2020 5:36pm Jan 8, 2020 5:36pm
Hi!

Is it working to someone?

Many thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 865 KB
  • #576
  • Jan 9, 2020 1:34am Jan 9, 2020 1:34am
Typical Forex Factory trading system thread,page 29 and an EA which sometimes works and modified rules,FYI to all followers of this thread,I have made 11 winning trade using the PDFs rules manually on 1hr time frame since Monday,10 min total chart time per day,trading first 3-4 hrs London session,its not hard folks,they say a camel is a race horse designed by a committee,dont try and improve simplicity.Pips and peace to all.
  • #577
  • Jan 9, 2020 4:43am Jan 9, 2020 4:43am
[quote = truebasant; 12694352] Cześć! Czy to komuś działa? Wielkie dzięki {image} [/ quote]
buddy, you would have earned money three times by hand.
PaulDV wrote to expect a lot of transactions. Transactions are few, but accurate
  • #578
  • Jan 9, 2020 5:27am Jan 9, 2020 5:27am
Quoting BeFree
[quote = truebasant; 12694352] Cześć! Czy to komuś działa? Wielkie dzięki {image} [/ quote] buddy, you would have earned money three times by hand. PaulDV wrote to expect a lot of transactions. Transactions are few, but accurate
Yes I know, I'm reading the PDF now to understand the strategy
  • #579
  • Jan 9, 2020 6:18am Jan 9, 2020 6:18am
Quoting liney
Typical Forex Factory trading system thread,page 29 and an EA which sometimes works and modified rules,FYI to all followers of this thread,I have made 11 winning trade using the PDFs rules manually on 1hr time frame since Monday,10 min total chart time per day,trading first 3-4 hrs London session,its not hard folks,they say a camel is a race horse designed by a committee,dont try and improve simplicity.Pips and peace to all.
I have a question, what timeframe you use to make it manual? If I follow this rule:
15 MIN 30 MIN 1 HR 4 HR DAILY WEEKLY
1 PIP 2 PIPS 5 PIPS 20 PIPS 50 PIPS 200 PIPS

Spread most of the times bite my pips.

Many thanks
  • #580
  • Jan 9, 2020 3:09pm Jan 9, 2020 3:09pm
Quoting truebasant
Hi! Is it working to someone? Many thanks {image}
Check the settings on the indicator - they have to match the EA if you're expecting the signals to line up with each other.
"Pips are vanity. Profit is sanity."
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