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Only Scalping strategies (Team work)

  • #21
  • Jan 23, 2020 7:49am Jan 23, 2020 7:49am
ok gharti, i have stopped the EA. i will run it on a demo first. do you have anymore scalping ones that have at leats 80% win rate?
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • #22
  • Jan 23, 2020 8:06am Jan 23, 2020 8:06am
Quoting forex baraka
ok gharti, i have stopped the EA. i will run it on a demo first. do you have anymore scalping ones that have at leats 80% win rate?
I opened this thread to get answer/strategy from traders of FF what you asked and you asking same question to me
  • #23
  • Jan 23, 2020 8:19am Jan 23, 2020 8:19am
Quoting gharti
{quote} You pay lets say 10 dollar (spread+commission) for one standard lot. You opened ac directly you get nothing. your ac opened through rebate provider (middle man we can say) you get something back. either rebate man pays to your ac or broker at the end of month put earned rebates in both case you take away some Dolores which is not if you get connected to your broker directly.
I have been using a rebate service for ages so I know how it works. I'm just saying the money you get back from them is not gain. It's just a percentage of the money you have paid already to your broker. Let's say I pay the broker, as in your example, 10$ for 1 lot traded. Then I get 20% (20c) back from the rebate service. That simply means I have spent 80c instead of 1$ for that standard lot, but it's still a cost... I haven't' earned anything from that transaction unless my trade is closed at a better price than my entry, whether short or long.
  • #24
  • Edited 8:40am Jan 23, 2020 8:28am | Edited 8:40am
Quoting 4fxonly
{quote} I have been using a rebate service for ages so I know how it works. I'm just saying the money you get back from them is not gain. It's just a percentage of the money you have paid already to your broker. Let's say I pay the broker, as in your example, 10$ for 1 lot traded. Then I get 20% (20c) back from the rebate service. That simply means I have spent 80c instead of 1$ for that standard lot, but it's still a cost... I haven't' earned anything from that transaction unless my trade is closed at a better price than my entry, whether short...

number 1- u pay $10 for one lot, you get no rebate so cost of trade $10
number 2- u pay $10 for one lot, you get 20% (20c)

i think no further explanation needed

rebate is not main topic of this thread. its one of along with others. if your focus was only on rebate and your strategy was less then 50% win ratio, obviously rebate should not be criticized.

okay leave rebate thing.

lets talk about strategies

  • #25
  • Jan 23, 2020 11:45am Jan 23, 2020 11:45am
Quoting gharti
Hi fellow traders, I have full time to write EAs so anybody who has scalping strategy, pls reply here and i will create ea and upload here. Why m doing this because i am looking for something in tf m1, m5 15 or max hr 1 with small tp and sl. Please make sure strategy should not have too many rules (complex) or indicator written by somebody else. Being honest, i m not an expert coder. I firmly believe that the indis are in mt4/mt5 have enough potential if used properly. Thanks
I’m interested in an ea for mt4 that takes the prev day hi and sets a buy order with adjustable lot size and tp, then does the same with the prev day low. Please
  • #26
  • Jan 23, 2020 5:23pm Jan 23, 2020 5:23pm
Quoting Qveon
{quote} I’m interested in an ea for mt4 that takes the prev day hi and sets a buy order with adjustable lot size and tp, then does the same with the prev day low. Please

Hi

not sure exactly what is your strategy, if i understood ea should place buy order when previous candle's high crosses by current day's candle and vise versa for short.

pls check this ea based on same strategy, lemme know if there is something more changes.
Attached File(s)
File Type: mq4 DT.mq4   1 KB | 372 downloads
  • #27
  • Jan 23, 2020 11:48pm Jan 23, 2020 11:48pm
hi
can you make this indicator for Scalping EA
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_7.png Size: 68 KB
Attached File(s)
File Type: ex4 supertrendprofit4.ex4   13 KB | 519 downloads
  • #28
  • Jan 24, 2020 12:33am Jan 24, 2020 12:33am
Quoting abbashaider
hi can you make this indicator for Scalping EA thanks {image} {file}
Hi,

The file you uploaded is a .ex4 i have no resource or authority to read it. pls upload source with extension .mq4 to parse inputs with the coder's permission.
  • #29
  • Jan 24, 2020 5:33am Jan 24, 2020 5:33am
Quoting gharti
{quote} Hi not sure exactly what is your strategy, if i understood ea should place buy order when previous candle's high crosses by current day's candle and vise versa for short. pls check this ea based on same strategy, lemme know if there is something more changes. {file}
Hi gharti,
LOL. Great reply.
Perfidious Pips
  • #30
  • Edited 6:24am Jan 24, 2020 6:09am | Edited 6:24am
Ok Gharti,
Here is an EA that already does close to what you want. It places as many trades as you wish on any timeframe. Be careful it is my crappy beginner code so maybe it is ugly but I can confirm it definitely works.

Now can you encode the following logic for closing the trades? This is in addition to the stop-loss and TP that are already encoded in the EA.

Function
The new code should periodically close profitable trades and then based on the amount of resulting profit, close the largest losing trades, leaving the EA in profit overall for the session.

Steps:
1. Select how much time should elapse before closing profit trades (input: session_duration)
2. Select the profit target amount for this session. This is how much profit will be kept after closing the losing trades. (input: session_profit_target_amount)
3. Close all the profit trades larger than the minimum profit size. (input: profit_close_minimum)Trades that are in profit but less than this amount will not be closed. The total profit earned from this step is held in a variable. (input:session_temp_profit)
4. Close loss trades beginning with the largest unrealized loss IF AND ONLY IF the loss amount is smaller than the size of temp_profit MINUS session_profit_target_amount. I think this resultant value/variable should be called 'loss_budget' see my example below. Deduct the first loss from session_temp_profit and update the value of 'loss_budget'.
4b. Close the second loss trade, if and only if it is smaller than the new value of temp_profit - session_profit_target_amount
4c. Close the third loss trade, etc.
5. Stop when closing a trade would result in the value of session_temp_profit < session_profit_target_amount.
6. Begin a new session.
In this way, every time trades are closed the minimum profit gained will be >= session_profit_target_amount as long as there were enough profit trades to close. Other loss trades will remain open and have a chance of closing at a profit later or they will hit their stop loss.

Here is a simple example.

Suppose I have 6 trades open. My session duration is 1600 minutes. (just over 1 day)
After 1600 minutes have elapsed these are my open trades:

GBPUSD BUY 0.01 $3.50
GBPUSD SELL 0.01 $1.75
GBPUSD BUY 0.01 $0.50
GBPUSD SELL 0.01 -$2.50
GBPUSD SELL 0.01 -$1.50
GBPUSD SELL 0.01 -$0.50

Let's say my session_profit_target_amount is $1.00. My profit_close_minimum is $0.75.

1. session_duration = 1600 minutes.
2. session_profit_target_amount = $1.00
3. I close all the profit trades that are greater than $0.75, so I close the first two. session_temp_profit = 3.50+1.75 = 5.25. If I deduct session_profit_target_amount from session_temp_profit it = 4.25. This is how much I can spend on closing loss trades. Call it loss_budget?
4. I close the first loss trade. loss_budget = 4.25-2.50 = 1.75
4a. I close the second loss trade. loss_budget = 1.75-1.50 = 0.25
5. Loss budget is now < the largest remaining loss trade so STOP closing trades.
6. Begin a new session. Profit from this session was 4.25 - 4.00 + 1.00 = 1.25, just over the target. The current open trades (assuming their values haven't changed while closing the other trades) are

GBPUSD SELL 0.01 -$0.50
GBPUSD BUY 0.01 $0.50

Next session looks like this

GBPUSD SELL 0.01 -$1.50
GBPUSD BUY 0.01 $-2.50
GBPUSD BUY 0.01 $-0.50
GBPUSD BUY 0.01 $-0.20
GBPUSD BUY 0.01 $-0.15
GBPUSD SELL 0.01 $0.40

Unfortunately no profit trades are larger than the minimum and so nothing happens; wait for the next session to end.

Does that make sense?
Attached File(s)
File Type: mq4 Snakes-Ladders-EAv3.1.mq4   9 KB | 573 downloads
  • #31
  • Jan 24, 2020 7:06am Jan 24, 2020 7:06am
Hey Gharti please can the attached arrow be converted to ea to work with the middle bollinger band? I have set the arrow to 20 moving average just like the settings of the mid bollinger.The ea should open trades according to the signal of the arrow on 1hr chart and trend direction as at london/new york open, attached is how the settings should be . The ea should open a BUY trade at the close of the candle that closes above the middle bollinger ,reverse is the same for SELL trade. EA should not place trades on flat trends even if theres a signal from the arrow.
  • #32
  • Edited 7:36am Jan 24, 2020 7:22am | Edited 7:36am
Quoting clemmo17
Ok Gharti, Here is an EA that already does close to what you want. It places as many trades as you wish on any timeframe. Be careful it is my crappy beginner code so maybe it is ugly but I can confirm it definitely works. Now can you encode the following logic for closing the trades? This is in addition to the stop-loss and TP that are already encoded in the EA. Function The new code should periodically close profitable trades and then based on the amount of resulting profit, close the largest losing trades, leaving the EA in profit overall for...

Hi clemmo17,

I appreciate your time and effort you explained very well about your strategy. However, m afraid to say that for me it would take huge amount of time based on the codes already written and add these functions on it. it would be to rework on every single line of codes from the beginning.

My sincere apology.
  • #33
  • Jan 24, 2020 7:29am Jan 24, 2020 7:29am
Quoting Slingshots1
Hey Gharti please can the attached arrow be converted to ea to work with the middle bollinger band? I have set the arrow to 20 moving average just like the settings of the mid bollinger.The ea should open trades according to the signal of the arrow on 1hr chart and trend direction as at london/new york open, attached is how the settings should be . The ea should open a BUY trade at the close of the candle that closes above the middle bollinger ,reverse is the same for SELL trade. EA should not place trades on flat trends even if theres a signal...

Hi Slingshots1,

There is no attached arrow indi, moreover, i would recommend pls try to avoid indis which are already written by someone else in this thread.

Thanks for your understanding.
  • #34
  • Jan 24, 2020 7:30am Jan 24, 2020 7:30am
Quoting gharti
{quote} Hi northwind, I appreciate your time and effort you explained very well about your strategy. However, m afraid to say that for me it would take huge amount of time based on the codes already written and add these functions on it. it would be to rework on every single line of codes from the beginning. My sincere apology.
Hey gharti,
I think you meant to reply to clemmo
Perfidious Pips
  • #35
  • Jan 24, 2020 7:31am Jan 24, 2020 7:31am
Quoting gharti
{quote} Hi northwind, I appreciate your time and effort you explained very well about your strategy. However, m afraid to say that for me it would take huge amount of time based on the codes already written and add these functions on it. it would be to rework on every single line of codes from the beginning. My sincere apology.
Ooops, this is gharti's reply for clemmo.
Perfidious Pips
  • #36
  • Jan 24, 2020 7:35am Jan 24, 2020 7:35am
Quoting northwind
{quote} Ooops, this is gharti's reply for clemmo.
Ohh my apologies northwind yeah that reply is for clemmo17.
  • #37
  • Jan 24, 2020 7:37am Jan 24, 2020 7:37am
Quoting gharti
{quote} Ohh my apologies northwind yeah that reply is for clemmo17.
No problem.
Perfidious Pips
  • #38
  • Jan 24, 2020 10:44am Jan 24, 2020 10:44am
Quoting gharti
{quote} Hi clemmo17, I appreciate your time and effort you explained very well about your strategy. However, m afraid to say that for me it would take huge amount of time based on the codes already written and add these functions on it. it would be to rework on every single line of codes from the beginning. My sincere apology.
No problem, Gharti I will continue to make the attempt myself. It is better to learn by doing anyway.
  • #39
  • Jan 24, 2020 11:14am Jan 24, 2020 11:14am
By the way here is the TE for that system.
https://www.forexfactory.com/clemmo17#acct.12

As you can see the unmodified EA is quite rough when left to its own devices but using that closing method (right now I do it manually) smoothes out the profit line. Automated it could probably make 3% a week with almost no risk.

Attention, talented coders: please don't work with me in coding my systems, I would not want you to get rich!
  • #40
  • Jan 24, 2020 12:41pm Jan 24, 2020 12:41pm
Quoting abbashaider
hi can you make this indicator for Scalping EA thanks {image} {file}
salam abbas, can you please post the correct mq4 file pls. what you uploaded previously is incorrect format. shukran.
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
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