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Scalping the EUR/GBP effectively - Forturama

  • #61
  • Sep 26, 2008 5:25am Sep 26, 2008 5:25am
Thank traders, Futurama, you could also make available new version.
Position double version?
  • #62
  • Sep 27, 2008 4:45am Sep 27, 2008 4:45am
It is not finished yet.
Quoting camaro
Thank traders, Futurama, you could also make available new version.
Position double version?
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  • #63
  • Sep 27, 2008 9:15am Sep 27, 2008 9:15am
i tried it with bless ea, and it look very promising for this pair during asian time.
  • #64
  • Sep 27, 2008 9:24am Sep 27, 2008 9:24am
What is bells EA about?

Quoting wanman
i tried it with bless ea, and it look very promising for this pair during asian time.
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  • #65
  • Sep 27, 2008 10:44am Sep 27, 2008 10:44am
http://www.carigold.com/portal/forum...ad.php?t=22796
i found it at my malaysian forum.......you can try it too..tq.
  • #66
  • Sep 27, 2008 10:47am Sep 27, 2008 10:47am
or you can fin it somewhere here in this forum
http://www.forex-tsd.com/martingale-...icator-66.html....
  • #67
  • Sep 29, 2008 3:34am Sep 29, 2008 3:34am
This is why I love EA's: They do not feel fear.

Today I wok up early to follow the market and I turned the EA off. I closed manually the order on BE, and just after some minutes market would give me my 5 pips!

If you do not believe your system at 10000% the market will feel your feel and will take your money away.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_30092008-01.gif Size: 19 KB
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  • #68
  • Sep 30, 2008 2:35am Sep 30, 2008 2:35am
So simple...
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_30092008-02.gif Size: 21 KB
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  • #69
  • Oct 1, 2008 4:46am Oct 1, 2008 4:46am
Great and simple system you´ve hot here. I will start testing it during this week. Are there any flaws in the EA? Is the RSI PRINCE the last version?

Thanks!
  • #70
  • Oct 2, 2008 2:33am Oct 2, 2008 2:33am
Hi,

Thank you.

First of all the system does not belong to me. It was shared by a Brazilian friend of mine (Marcos, or "Y£$" at ORKUT).

I made an EA with martingale. It works pretty well but it is still in test.

You can do it manually. If the first order reaches 10 pips against you open a second one. When the second one reaches 8 pips of profit, close both orders with profit. If it reaches -10 pips, close all orders with negative profit.

Quoting Archie
Great and simple system you´ve hot here. I will start testing it during this week. Are there any flaws in the EA? Is the RSI PRINCE the last version?

Thanks!
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  • #71
  • Oct 2, 2008 2:34am Oct 2, 2008 2:34am
Hi guys!

Not bad today.

I do not like candles patterns, but the second order was opened on a nice DOJI (market doubt/reversion).
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_02102008.gif Size: 18 KB
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  • #72
  • Oct 2, 2008 7:21am Oct 2, 2008 7:21am
Hello Forturama,have you tried this on the 1min chart also? works pretty good.I have been trading the eur/usd but it has been wild for the past couple months considering, but this pair eur/gbp is what I call a turtle trade.consistent pips given they are small but cOnsistent which I like.I will try to look at trading this system as such: $3 per pip and 10 pips per hour or whenever it crosses on the 1min.that equals $30 hr for at least 8hrs and no more than 12 hrs STARTING AT 1:00 AM EST.$3 x 8hrs=$240.$3x12 hrs=$360.It's better than working for someone else."OUR TIME IS MORE VALUABLE THAN WHAT AN EMPLOYER CAN PAY US" CHEERS!!!!!!!!
  • #73
  • Oct 2, 2008 4:09pm Oct 2, 2008 4:09pm
Hi,

Thanks for your answer. I'm looking forward to trying out the new version. I would be glad to test it, if you want help with testing.

Cheers!

Quoting Forturama

Thank you.

First of all the system does not belong to me. It was shared by a Brazilian friend of mine (Marcos, or "Y£$" at ORKUT).

I made an EA with martingale. It works pretty well but it is still in test.

You can do it manually. If the first order reaches 10 pips against you open a second one. When the second one reaches 8 pips of profit, close both orders with profit. If it reaches -10 pips, close all orders with negative profit.
  • #74
  • Oct 2, 2008 7:08pm Oct 2, 2008 7:08pm
Just started tring this sytem for scalping while waiting for another system I use on the dailys only...I have made around 10 trade today and all positive so far...
  • #75
  • Oct 3, 2008 1:18am Oct 3, 2008 1:18am
10 positives trades?

What strategy are you using? what pair?

PS: You can use RSI_ALERT if this is not your main strategy.


Quoting Slkosier
Just started tring this sytem for scalping while waiting for another system I use on the dailys only...I have made around 10 trade today and all positive so far...
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  • #76
  • Oct 3, 2008 1:36am Oct 3, 2008 1:36am
No martigale today.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_03092008.gif Size: 20 KB
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  • #77
  • Oct 3, 2008 11:27pm Oct 3, 2008 11:27pm
What is the win/loss ratio of this system?
  • #78
  • Oct 6, 2008 1:25am Oct 6, 2008 1:25am
The EA has made 4 profitable trades in a row with the normal settings tp 5 and sl 13. I tried the optimal settings that had been calculated somewhere in the thread (tp 21 sl 16) and they worked as well, but I had some losing trades with those settings. What would be the optimal settings with the EA?

Also, the EA automatically trades 0.40 lots despite the fact that I have written 0.1 lot. What could be wrong?

Thanks.

Quoting Forturama
No martigale today.
  • #79
  • Oct 6, 2008 2:41am Oct 6, 2008 2:41am
Please,

See the backtests.
Quoting shadowman
What is the win/loss ratio of this system?
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  • #80
  • Oct 6, 2008 2:50am Oct 6, 2008 2:50am
Personally I prefer shorter TP and SL.

I prefer let money on the table and got some profit than risk a lot of money to take all the possible profit.

There is not a perfect setting, but as we are scalping now I work with
TP: 8
SL = 20 to first order and

TP = 8
SL = 10 to second order.

When first order reaches TP or SL I close all the Trades.

About martingale, If you do not double the initial lot size you will risk less money to get the initial desired profit.

I will test LOT1 = 1 and lot2 = 1.
(in case of loss = 1 * 20 + 1 * 10 = -3%
in case of profit = 1 * 0 + 1 * 8 = 2.5% )

Today I use : LOT1 = 0.1 and lot2 = 0.2.
(in case of loss = 1 * 20 + 2 * 10 = -4%
in case of profit = 1 * 0 + 2 * 8 = 5% )

As you can see the Risk Reward Ratio is more interesting if you do not double initial position to second step.



Quoting Archie
The EA has made 4 profitable trades in a row with the normal settings tp 5 and sl 13. I tried the optimal settings that had been calculated somewhere in the thread (tp 21 sl 16) and they worked as well, but I had some losing trades with those settings. What would be the optimal settings with the EA?

Also, the EA automatically trades 0.40 lots despite the fact that I have written 0.1 lot. What could be wrong?

Thanks.
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