Only Scalping strategies (Team work)

i always use m15/30/h1 for entry
h4 to monthly is direction
never try used smaller tF before
about return difficults to calculate mate
too much
let just say a lots
if can convert to EA so we can help lots of newbies out there to make money without paying anythings..
yes...free..

That would be great!! Thanks Akim!

there was a buddy try to do it before but fail mate..
that why i saw your threads then i try ask you to try to do its..
if ok hope you can posting at my threads..
a bigs thanks for your help mate
for me everythings is all in my head

Hi

100% return yearly with 40%dd
Gbu usd tf h1 with default settings.

GHARTI, you are a Godsend! Thankyou for all your posts and help. You are the best and please keep it up so we can get the BEST profitable system that helps us get our money back from the MF banks!!

I fully support Akim's strategy. A hundred other traders are going to be very thankful to obtain the EA.

i think Akims strategy is a viable strategy but its too COMPLICATED. if someone can SIMPLIFY it, it would be great!!

Happy for a thread like this...but I tested all the EAs here with real ticks on a 10 years data set and unfortunately they are all losing...

Gharti, do you want more ideas or you have your hands full now?

Hi Clemmo, still searching for something which could give stable return, found some strategies but they only work on certain pairs and prone to give tremendously different results in different years, this may be due to market behavior changes over the period of time. Pls let me know if you have some simple yet fantastic ideas. i created an ea based on by default BB settings with Martingale / Anti-Martingale tps and sls, (Profit Factor: 1 Loss Factor: 2) it gives good result but only in eur usd pair.

Here is one idea that is so simple in execution that it is practically a zen koan . However I may not be the best at explaining ideas for other people. Please do ask for clarifications if anything is confusing.

Relative Extrema (RE)
First you must know what I mean by a 'relative extrema'. This is a term borrowed from mathematics, but traders sometimes call these 'swings'.
Here is a labeled example of high and low swings marked with grey boxes.



Any bar sandwiched on either side by bars that are lower or higher is an RE.
Simple, yes?

Basically it's any point where price formed a temporary local peak or trough, and of course price is doing that all the time. So you can be sure the basic principle behind this idea does not depend on any particular timeframe or instrument (although on higher TF it requires very large accounts and patience) but it is suitable for scalping as you originally requested.

Entry
We simply place a pending level (better if you can hide it from the broker until it is crossed) at the top of a recent swing high (long) and at the bottom of a swing low (short). If you are using 3 bar swings (and you should) you will need to wait for the close of the third bar to confirm if it is a valid local peak or trough.

Whenever the level is crossed (broken - call it a 'level break') the market is saying 'momentum is great enough to break through any expected resistance at that former level' so we expect the momentum of the trend to carry price a bit further and that is the profit we extract. It's best not to get greedy since not all relative extrema are significant but once they are broken they are rarely reversal points. It is not necessary to close one level if the other is triggered, as often price can hit and run both sides especially in a ranging market. It is only necessary to move our levels to each new successive peak/trough.

Exits
How to handle exits? The most profitable option is to set a fixed (input option) distance to a TP in pips. Again, it's probably better if you can hide this from the broker until the last moment. The distance of the TP should be an option that can be adjusted for the timeframe that is being traded. However if you prefer you can use trailing SL or move to breakeven after n pips.

Stops
Because wins will outnumber losses by a high ratio the simplest way to handle risk is to simply set a stop loss distance of your choice. This way you can set the R:R ratio as you see fit.
As always if you can hide these SL from the broker, it's better. Paranoia I know, but ...the paranoid survive.

That's it for the simple version. Here are diagrams where I would expect entries/exits on XAUUSD, using H1 at the start of this year. Gold = wins and magenta = losses.

If the win rate is not good enough you can improve it by defining the REs more carefully, insisting on counting only those bars that are tall enough, but this makes a simple system slightly more complex.

Thanks for this idea, here are the EAs based on this. RE1 ea works as described by you and RE does opposite of RE1. meaning RE buys when support crosses above and sells when resistance crosses below. Speed option in input to control the speed when back testing visually.

Hi clemmo17 i think we need to do some more to improve this ea, pls backtest visually (if you have time) and lets see if you could find the opportunities.

Nice work so far.

I've noticed
SR interval/Number of candles - controls how tall the bar must be to be considered an RE - very nice! Is using the highest high and lowest low within that number of bars to count as the RE? This is not always the same thing. In fact, a new high is often a reversal, which is why I guess you made the opposite version? However in a trend that will get destroyed. The good thing about an RE is that in a trend that level only gets broken in the direction you want to be trading.

The current bar must close before an RE can be marked. As it is now it's simply marking each new high within the threshold as an RE.
An RE can only be known in the past. Then that level must be broken in the future. It seems in its current form it places trades whenever a new high or low within the interval is broken.

ATR- it seems to be used to set the SL but a fixed distance like the TP setting might be easier to control.
Speed setting seems to have no effect on the visual backtester speed -at 31 it is too slow and at 32 it is too fast even if I set speed to 1.

Right now only one trade at a time is being taken (long or short); it must be OK to take both types and optionally to take more than one at a time. This system doesn't thrive on restraint.

Idea:
In its current form I think this could work if you put a pending order a certain distance above and below the blue lines. Then it would catch high momentum swings, since only a strong fast move would trigger a trade in either direction. A lot of news trading systems work like that, but this would be more powerful since the straddle would be moving/dynamic.

Hi Clemmo, what i understand is, RE is kinda breakouts the last candle must breaks low or high of previous candles. that is this ea based on.

I created opposite because rather breaking highs and lows, reversal from support and resistance gave batter results.

Speed- you need to set speed around 200-300 hundreds if you are testing in tf m1 or m5, for higher tf you can set around 100. The logic is, if you set speed at 1, it will be super fast when you set it at 100, mt4 (while back testing) counts 0-100 hence this task puts additional load to mt4 server due to which speed gets slowed down.

Take profit/sl can be fixed and buy sell option (2 orders) same time can be done, no big deal.

Ea can be modified for pending orders.

Let me know if i still didn't understand RE.

Ok, now I understand the speed setting, thanks.

The RE has to look like a reversal. Meaning, if it is a peak it must (at a minimum) have one brother on the left that is lower, and one on the right that is lower, or if it is a trough, one sister on the left that is higher, and one sister on the left that is higher. Peaks and troughs with more bars of 'separation' between them and the current bar are more significant.

Here I am trading manually on M1.

Like you say, a new high or low is possibly a reversal so it is a dangerous time to enter. I set pending orders at peaks and troughs and just wait. Once price breaks past the level, and triggers the trade, I put in a SL and trap the price if it thinks about escaping the other way.


Here price has already broken the previous RE so there is no short trade possible. We must wait for a new candle (or preferably, a few) to close higher up and form a new RE.

update: a few minutes later and now here is my setup.


update2: and if price makes a new RE I just move the pending order closer.


update3: one trade has closed in profit and now I wait for a new RE to form. This would be a risky time to enter short (which is how the EA trades). There is no need to close the other pending order, it is still a valid RE. It's OK to be long and short at the same time (if you can).

I should also mention, even though I'm placing the orders directly on top or below the peak/trough, it may be more sensible to leave a gap = to the width of the spread above and below so that the trade is triggered by the bid (on a long) or by the ask (on a short). This could reduce some 'hit and run' misses.

update:
After a morning's work. Here's what I'm left with. Not a lot of money, but it keeps the lights on. Usually I watch only two uncorrelated pairs. Of course if this was automated you could trade more pairs and do other things.

alright, let me modify ea, will get back once done

Is it really effective for all traders? I am a new trader. I want to know how to make profit by taking low risk. please anyone help me.