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Scalping the EUR/GBP effectively - Forturama

  • #41
  • Sep 22, 2008 5:40am Sep 22, 2008 5:40am
I know, I know,


Absence of Stoploss will kill me, but not today.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_22092008-01.gif Size: 19 KB
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  • #42
  • Sep 22, 2008 10:46am Sep 22, 2008 10:46am
Who ever heard about scalper Stomper EURGBP?
-(Change Balance: 1 992.50%) is on the FIRST top position on onix-trade independent monitoring among 466 real accounts and 5 top position among 1662 all kind of accounts (real, demo)
Attached Image (click to enlarge)
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  • #43
  • Sep 22, 2008 1:46pm Sep 22, 2008 1:46pm
Hi, this graph is very nice, but the graph of its real account has a too strong DD.

http://www.onix-trade.net/?act=stat&id=4237&lang=eng

Quoting robertino
Who ever heard about scalper Stomper EURGBP?
-(Change Balance: 1 992.50%) is on the FIRST top position on onix-trade independent monitoring among 466 real accounts and 5 top position among 1662 all kind of accounts (real, demo)
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  • #44
  • Sep 22, 2008 2:08pm Sep 22, 2008 2:08pm
very good ea

where do you live in france?

I'm frence :d
  • #45
  • Sep 22, 2008 2:22pm Sep 22, 2008 2:22pm
Metz.

Si tu veux on peut parler en privé.
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  • #46
  • Sep 22, 2008 4:28pm Sep 22, 2008 4:28pm
Quoting Forturama
Hi, this graph is very nice, but the graph of its real account has a too strong DD.

http://www.onix-trade.net/?act=stat&id=4237&lang=eng
This DD on Monday and Friday. new version is not traded on Mondays and Fridays. See demo monitoring.
  • #47
  • Sep 23, 2008 2:32am Sep 23, 2008 2:32am
TS UPDATE: As suggested by CHARVO the TS works fine with wider TP.

Now tp is 8.

This is the trade of tonight.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_23092008-01.gif Size: 20 KB
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  • #48
  • Sep 23, 2008 5:08am Sep 23, 2008 5:08am
I send you a pm
  • #49
  • Sep 23, 2008 7:59am Sep 23, 2008 7:59am
filter the trade with pivot points ? Btw, i found this on wiki. Martingale was the France way in the old days.

Originally, martingale referred to a class of betting strategies popular in 18th-century France. The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. Since a gambler with infinite wealth will with probability 1 eventually flip heads, the Martingale betting strategy was seen as a sure thing by those who practised it. Of course, none of these practitioners in fact possessed infinite wealth, and the exponential growth of the bets would eventually bankrupt those who choose to use the Martingale. Moreover, it has become impossible to implement in modern casinos, due to the betting limit at the tables. Because the betting limits reduce the casino's short term variance, the martingale system itself does not pose a threat to the casino, and many will encourage its use, knowing that they have the house advantage no matter when or how much is wagered.
  • #50
  • Sep 23, 2008 9:11am Sep 23, 2008 9:11am
No filter is used.

I do not like pivots.

I've done a study about EURGBP daily support and resistances trading.

This could help to decide until where we go on with martingale.

See at: eurgbp.blogspot.com



Quoting j84
filter the trade with pivot points ? Btw, i found this on wiki. Martingale was the France way in the old days.

Originally, martingale referred to a class of betting strategies popular in 18th-century France. The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. Since a gambler with infinite wealth will with probability 1 eventually flip heads, the Martingale betting strategy was seen as a sure thing by those who practised it. Of course, none of these practitioners in fact possessed infinite wealth, and the exponential growth of the bets would eventually bankrupt those who choose to use the Martingale. Moreover, it has become impossible to implement in modern casinos, due to the betting limit at the tables. Because the betting limits reduce the casino's short term variance, the martingale system itself does not pose a threat to the casino, and many will encourage its use, knowing that they have the house advantage no matter when or how much is wagered.
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  • #51
  • Sep 23, 2008 9:13am Sep 23, 2008 9:13am
IMPORTANT TS UPDATE: I am not using full martingale. I trade just 2 steps. I mean that I double my position, if it hits stop loss I accept the loss. I've configured EA to do this.
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  • #52
  • Sep 23, 2008 9:24am Sep 23, 2008 9:24am
this system might shine with a smart MM.

below all my own skewed perceptions :-)

RSI 30/70 or 25/75 doesn't really matter on winning ratio, which is 50%~60%, if SL is slightly larger or equavalent to TP.

SL or TP should be around 8~15, because the Asian morning range for eurgbp is usually 10+ pips something, well, that's 30$ range.

and eurgbp does show a "dead" style in asian morning all these years.

I cannot think of a better filter/logic decision right now that can improve the entry setup/winning ratio. i did try using "price moves", or RSI direction changes. Only make it worse...... I'd say, keep it in this simple way.

However, when I notice the system can make a very reliable 50+%~60% winning ratio. I think that we need to focus on the MM.

60% winning ratio is enough to maintain a consistent increase in equity. now I feel painful wondering about a creative MM, hoho.
  • #53
  • Sep 24, 2008 2:08am Sep 24, 2008 2:08am
Hello Forturama,

i like your system because of it's simplicity.

You say you are trading during asia session (from 21 to 6 pm). Would you tell me which time zone that is (EST?)?


Thank you!
  • #54
  • Sep 25, 2008 6:11am Sep 25, 2008 6:11am
Hi,

I am not good with time zones.

Open a demo account on INTERBANKFX and compare with your time.

They work with GMT time.


Hope this help.


Quoting mfk
Hello Forturama,

i like your system because of it's simplicity.

You say you are trading during asia session (from 21 to 6 pm). Would you tell me which time zone that is (EST?)?


Thank you!
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  • #55
  • Sep 25, 2008 6:12am Sep 25, 2008 6:12am
+ 3% !
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_25092008-01.gif Size: 19 KB
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  • #56
  • Sep 25, 2008 7:51am Sep 25, 2008 7:51am
Well done. I wil test you system during the next few week. Can keep you up do date if you want.

So 21:00 - 06:00 pm means until 18:00 pm next day? So we can trade everytime except between 18:00 and 21:00?
  • #57
  • Sep 25, 2008 8:01am Sep 25, 2008 8:01am
Foturama Hi, can I buy with after EA got.
  • #58
  • Sep 26, 2008 3:02am Sep 26, 2008 3:02am
Nop...
21:00 pm to 6:00 am = Asian session.

Sorry for the misunderstood.

Quoting mfk
Well done. I wil test you system during the next few week. Can keep you up do date if you want.

So 21:00 - 06:00 pm means until 18:00 pm next day? So we can trade everytime except between 18:00 and 21:00?
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  • #59
  • Sep 26, 2008 3:02am Sep 26, 2008 3:02am
Hi,

I did not understand you question.


Quoting camaro
Foturama Hi, can I buy with after EA got.
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  • #60
  • Sep 26, 2008 3:51am Sep 26, 2008 3:51am
Quoting Forturama
Nop...
21:00 pm to 6:00 am = Asian session.

Sorry for the misunderstood.

Thanks a lot, so it's a job for the night in Germany. But that's okay
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