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Currency Grail Scalping System

  • #701
  • Feb 6, 2020 7:39am Feb 6, 2020 7:39am
Quoting Rilix
{quote} its +/- default seetings
That seems a bit odd, as I'm running the default settings, and only had the one losing trade on EURUSD (opened on 03/03/2020 at 10:00).
"Pips are vanity. Profit is sanity."
  • #702
  • Feb 6, 2020 7:47am Feb 6, 2020 7:47am
Quoting rover99x
One thing I forgot, a Script would be great to enter trade quickly with TP all set, does anyone possess such a thing or know where I can download one from?
I use Complete Order Entry: https://www.mql5.com/en/market/product/10332

This version is free, but it's so good that I paid the small fee for the paid version to show my support.
"Pips are vanity. Profit is sanity."
  • #703
  • Feb 6, 2020 9:20am Feb 6, 2020 9:20am
Quoting PaulDV
{quote} That seems a bit odd, as I'm running the default settings, and only had the one losing trade on EURUSD (opened on 03/03/2020 at 10:00).
using 2.9, 1.5, 0.5 first 3 parameters
Telegram - FxRilix
  • #704
  • Feb 6, 2020 9:53am Feb 6, 2020 9:53am
Quoting PaulDV
{quote} I use Complete Order Entry: https://www.mql5.com/en/market/product/10332 This version is free, but it's so good that I paid the small fee for the paid version to show my support.
Thank you PaulDV

You're right it's damn good
  • #705
  • Feb 6, 2020 12:39pm Feb 6, 2020 12:39pm
LoL, I liked the idea of this order management tool and downloaded the free version - total freeze meta4 - nothing worked - had to uninstall platform. Probably isn't compatible with some other programs I run - will try again.

.
  • #706
  • Feb 6, 2020 7:45pm Feb 6, 2020 7:45pm
Quoting Rilix
{quote} Last past 2-3 days in loosing trades on eurusd all profit gone
Same here on a Demo account with IC Markets, the days this week resulted in losses. I also see the Buy trades incurred more losses than the Sell ones.
  • #707
  • Feb 7, 2020 2:26am Feb 7, 2020 2:26am
Quoting Rilix
{quote} using 2.9, 1.5, 0.5 first 3 parameters
Question should be, what TF you are using? I would guess M1.
  • #708
  • Edited 3:31am Feb 7, 2020 2:54am | Edited 3:31am
for m1 the results are promising.
I have several settings (not basic) and they work fine.
For original settings, preferably h1

edit;
I have pasted results for EUR / USD.
A few days, all transactions.
For 3 days I have been testing "trailing stop" (red frame on the right)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur 1.PNG Size: 55 KB
Click to Enlarge Name: eur 2.PNG Size: 55 KB
Click to Enlarge Name: eur 3.PNG Size: 52 KB
Click to Enlarge Name: eur 4.PNG Size: 62 KB
Click to Enlarge Name: eur 5.PNG Size: 67 KB
  • #709
  • Feb 7, 2020 3:24am Feb 7, 2020 3:24am
Quoting BeFree
{quote} Yes it's true. There is no information in the log. That's weird. The robot just disappears. Robots work in; AxiTrader IC Markets Orbex Do you know any broker with low spread? I will put in additional settings. Now I have 3 computers that are working all the time. This is how it tests
Check out Admiral Markets, they have low spread and most importantly they don't charge commisions (check their different account types though). Currently the spread for EUR/USD is 0,6 and no commision.
  • #710
  • Feb 7, 2020 3:40am Feb 7, 2020 3:40am
Quoting BeFree
for m1 the results are promising. I have several settings (not basic) and they work fine. For original settings, preferably h1 edit; I have pasted results for EUR / USD. A few days, all transactions. For 3 days I have been testing "trailing stop" (red frame on the right) {image} {image} {image} {image} {image}
Awesome!!!!
If you don't give up, you will get it..
  • #711
  • Edited 8:14am Feb 7, 2020 4:00am | Edited 8:14am
Another two weeks of testing. Then a live account.
I will choose the best settings. Now it's "fun" to check the performance.
It will be amazing when Paul releases a new version (with a trend filter). Already impatient

Quoting mtruefx
{quote} Check out Admiral Markets, they have low spread and most importantly they don't charge commisions (check their different account types though). Currently the spread for EUR/USD is 0,6 and no commision.
Thank you. I'll check it out tonight. I take a break from the stock market on weekends. So I'll be back to this next week.
  • #712
  • Feb 7, 2020 9:23am Feb 7, 2020 9:23am
Quoting rover99x
{quote} I use ICM too PaulDV, their spreads are very good, albeit A$7.00 commission! I see you're from good old blighty, me too !!
You can opt to use their 'Standard' account which has no commission but higher spreads. Personally, I'll take lower spreads + commission any day because when it comes to scalping, it's the number of wins that matter the most.
"Pips are vanity. Profit is sanity."
  • #713
  • Feb 7, 2020 3:34pm Feb 7, 2020 3:34pm
Quoting PaulDV
{quote} You can opt to use their 'Standard' account which has no commission but higher spreads. Personally, I'll take lower spreads + commission any day because when it comes to scalping, it's the number of wins that matter the most.
Yep, lower spreads are best!

I notice that the author's website has disappeared, wonder why?
He metioned using this method on the daily although he doesn't elaborate on that time-frame. There's a problem with daily of course because of the time of entry, spreads go nuts at rollover time, does anyone have a way to get over that?

Many thanks for your effort PaulDV, do you write the code direct or do you employ something like EA Builder?
  • #714
  • Feb 10, 2020 4:57am Feb 10, 2020 4:57am
Been testing this method a lot, in my observation it works very well on the large movers such as GJ and GA etc, less so on EU etc, but nonetheless still ok! I do see where the author's coming from on using it with no Stop Losses, because price does have a tendency to come back to hit the TP after a few bars of going against you. Whether I coud trade with no SL on a live account is another matter.....

But this is a great method and something I could never have come up with myself. I'm going to forward test this over the next few weeks on a demo, trading manually over a few pairs. Also interesting how an EA would shape up over a similar time, I'm not a coder so hats of to PaulDV for writing ane on this
Spread's something you have to be careful of but doesn't seem to be a problem with ICM
  • #715
  • Feb 10, 2020 7:48am Feb 10, 2020 7:48am
Quoting rover99x
{quote} Yep, lower spreads are best! I notice that the author's website has disappeared, wonder why? He metioned using this method on the daily although he doesn't elaborate on that time-frame. There's a problem with daily of course because of the time of entry, spreads go nuts at rollover time, does anyone have a way to get over that? Many thanks for your effort PaulDV, do you write the code direct or do you employ something like EA Builder?
The PDF is from 2014, and nothing much stays around for long in the forex world, so it's of no surprise to me that the website no longer exists, but it was originally based in New Zealand, judging from the domain suffix.

The thing I find most odd is that the author didn't put his name to the document, so I believe that any copyright is completely unenforceable should he decide to lay claim to it...

On the Daily, according to the rules, you're going for 50 pips profit, so spread shouldn't really be such an issue. In fact you would probably do better with a 'standard' (i.e. non-commission) account.

I write the code myself - I've never heard of EA Builder - but now I'm going to go look!
"Pips are vanity. Profit is sanity."
  • #716
  • Feb 10, 2020 8:01am Feb 10, 2020 8:01am
Quoting rover99x
Been testing this method a lot, in my observation it works very well on the large movers such as GJ and GA etc, less so on EU etc, but nonetheless still ok! I do see where the author's coming from on using it with no Stop Losses, because price does have a tendency to come back to hit the TP after a few bars of going against you. Whether I coud trade with no SL on a live account is another matter..... But this is a great method and something I could never have come up with myself. I'm going to forward test this over the next few weeks on a demo,...
Yeah, I'm not sure I'd be confident enough to trade this without a stop. I'm giving it a go on demo, but it's not looking good.

I think that trading this manually may actually yield better results that using the EA. Certainly, with the EA I have not been able to find any decent settings on the H1 timeframe for any other currency pair.
"Pips are vanity. Profit is sanity."
  • #717
  • Feb 10, 2020 9:22am Feb 10, 2020 9:22am
Paul said something important.
My results are from the broker "orbex"
I compared it with ic markets. Doesn't coincide.
Entrances are in other places. so the results are worse.
Before anyone wants to enter data, check the demo because you can lose money.
  • #718
  • Feb 10, 2020 11:06am Feb 10, 2020 11:06am
Quoting BeFree
Paul said something important. My results are from the broker "orbex" I compared it with ic markets. Doesn't coincide. Entrances are in other places. so the results are worse. Before anyone wants to enter data, check the demo because you can lose money.
I don't think it'll matter too much over-time. Not heard of Orbex although I see it's Cypiate, not sure if they're ECN or a Market Maker that could account for the difference as ICM are ECN
  • #719
  • Feb 10, 2020 11:37am Feb 10, 2020 11:37am
is very important.
the robot and indicator is based on candle lengths.
Each broker has different indications. candle length. wicks. the price is different. levels of support and resistance broken.
I have an account in ic markets. my fiancee has. and my brother. The difference is only the server. And each of us has different price indications in some cases.
  • #720
  • Feb 10, 2020 1:54pm Feb 10, 2020 1:54pm
Quoting BeFree
is very important. the robot and indicator is based on candle lengths. Each broker has different indications. candle length. wicks. the price is different. levels of support and resistance broken. I have an account in ic markets. my fiancee has. and my brother. The difference is only the server. And each of us has different price indications in some cases.
I was meaning that, over a period of time, it won't make a lot of difference to the results, because the differences will even out!
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