Running in same downward channel since 8/26. Consolidate/range during Asian session. Partial retrace during London session. Then, only the newsmakers know.
Just mho(bservation). See chart.
sometimes this is a great thread...
Interesting-- want to know more.-- I've never worked with EA's before but if you can get this to work consistently it's the key to the vault with good money management!!!!!!!
What are the chances of writing an EA that works on all pairs with the exact same settings that is profitable? The EA runs on a 1M chart and has a TP of 10 pips. If the TP has not been triggered within 90M the trade is closed.
I took the time after reading posts about scalping to see if I could devise a system to scalp automatically. The results from the back-test have a win rate that is quite impressive. Out of 21 trades only one lost. The looser was 18 pips the twenty other trades won 10 pips usually within 15 minutes of opening a trade. Only two trades lasted more than 60 minutes and of the two only one lost 18 pips.
I only used Stocks, Bears & Bulls to determine when to open a trade.
I’ve setup a demo account and will forward test.
I’ve posted the question in this forum because people here don’t believe in using EA’s to trade. So I believe that more truthful answers will be made.
Scalping is for those who haven't yet learned the fact that the real money is made the longer you can stay with a trend. And for those with fat, really fat wallets.
I’ve tried dozens of EA’s paid and free ones, none of them gave me any reasonable results. Some are working well on certain market situations but fail under others.
My tip: don’t waist your time trying to find the grail on EA’s, the holy grail exist, it’s YOU.
Just spend hours, days, month and years to find out where you got it.
I'm not here for the fights anymore.
Also, why do you need a lot of money to scalp?
