Dashlat Scalp System

This is certainly the place to get help! But we can't help you until we know exactly what it is you need help with!

I added a 200 smoothed moving average to the system to help filter trades. I wait until all moving averages are on one side or the other of the 200 before looking for an entry. I use the orginal rules with the exception of the t/p & s/l. I am currently testing 20 pips for both settings. I also look for an angle of the 200 as well. Just a few things you might try. Good luck everyone.

Hello,

Here is another EA that seems to follow strictly the rules of this system :

Dashlat Scalp System EA

The results generated are bad. Maybe a time filter is needed.

Quoting lcfxtrader

Disliked

I added a 200 smoothed moving average to the system to help filter trades. I wait until all moving averages are on one side or the other of the 200 before looking for an entry. I use the orginal rules with the exception of the t/p & s/l. I am currently testing 20 pips for both settings. I also look for an angle of the 200 as well. Just a few things you might try. Good luck everyone.

Ignored

Wow - you're using a 200 SMA to filter out trades on a one minute scalping
system? Man - that's kind of like having a small pizza delivered by an 18 wheeler.

Could you explain a little more just HOW that works?

FYI..............

http://www.forexfactory.com/images/icons/icon1.gif Male sex hormone may affect stock trades
By RANDOLPH E. SCHMID, AP Science Writer

WASHINGTON - The hormone that drives male aggression and sexual interest also seems able to boost short term success at finance. But what seems to start out well can turn bad, with elevated testosterone levels over several days possibly leading to irrational risk-taking, according to researchers at the University of Cambridge in England.
ADVERTISEMENT

"If people want to get practical, it would be good for both banks and the financial system as a whole if we had more women and older men in the markets," said John M. Coates, lead author of a study appearing in this week's issue of Proceedings of the National Academy of Sciences.

Such a change would produce a much more stable financial system, said Coates, a research fellow in the university's department of physiology, development and neuroscience.

Coates and Joe Herbert studied male financial traders in London, taking saliva samples in the morning and evening. They found that levels of two hormones, testosterone and cortisol, affected traders.

Those with higher levels of testosterone in the morning were more likely to make an unusually big profit that day, the researchers found.

Testosterone, best known as the male sex hormone, affects aggression, confidence and risk-taking.

Cortisol is tied to uncertainty, novelty and unpredictability, "which pretty much describes a trader's life," Coates said in a telephone interview.

Coates and Herbert's study comes less than two weeks after U.S. researchers reported that young men shown erotic pictures were more likely to make a larger financial gamble than if they were shown a picture of something scary, such as a snake, or something neutral, such as a stapler.

Money and women trigger the same brain area in men, those researchers said.

One member of that team, Camelia Kuhnen, an assistant professor at the Kellogg School of Finance at Northwestern University, said Coates and Herbert's findings "are very interesting and they help support the claim that emotion influences financial decisions."

But she cautioned that the findings don't prove a causal link between testosterone and profitability.

Kuhnen, who was not part of Coates and Herbert's team, termed the idea that long-term high testosterone levels can lead to irrational risk-taking "an interesting hypothesis."

Coates said he worked as a Wall Street trader during the dot.com bubble in the 1990s when millions of dollars were invested in new Internet companies, many of which later collapsed.

He said trader behavior he observed didn't make sense in terms of economic or game theory, "everyone seemed to be on a drug."

Even in airport bars the crowd would be ignoring baseball to watch and cheer financial reports on television, Coates said.

That prompted him to begin a study of the behavior, which didn't seem to affect women.

In hormone research there is the "winner model," based on both human and animal activity, in which competitors have rising testosterone levels. When one wins, his hormone levels increase even more, while they fall in the loser.

That can give the winner an advantage in aggression and risk-taking in the next competition, a positive feedback, he explained. But after a while the effect overreaches and the male begins making stupid decisions.

"I wondered if that was what was going on in the financial markets," he said.

The London study indicated that hormone levels in the traders were both responding to financial events and influencing them.

Their conclusion:

"Cortisol is likely, therefore, to rise in a market crash and, by increasing risk aversion, to exaggerate the market's downward movement. Testosterone, on the other hand, is likely to rise in a bubble and, by increasing risk taking, to exaggerate the market's upward movement."

And that, Coates and Herbert wrote, "may help explain why people caught in bubbles and crashes often find it difficult to make rational choices."

http://news.yahoo.com/s/ap/20080415/...lYXUiUYoGs0NUE
__________________
"If you can pose an intelligent question, the likelihood of finding its solution is very close." -Joel Rensink-
"What Do I Believe That Is Actually False?" -Ken Fisher

Really fed up .....

my EA could not work.....thus at this moment i would like to get away from this tread....bye......

I am just trying to identify solid trades with less wipsaws. I am only looking for 20 pips net in a given day with this system. I am still testing in demo mode.

Quoting lcfxtrader

Disliked

I am just trying to identify solid trades with less wipsaws. I am only looking for 20 pips net in a given day with this system. I am still testing in demo mode.

Ignored

Please keep us posted how it works out!

hi traders here is the cration story of dashlat scalp.
please read , and if you have any new idea , tell me thanx

hi Ronald Raygun ,
im testing the EA by 8 pip SL and 12 TP i will report after 50 position,
dear RR can i ask for a favor? i like to EA tke position exactly at starting of the next candle after stochastic cross indicator signal by notconsidering the Absolut.... , but every other condition have to be same.
thank a lot.
God Bless you.

Could you post an example?

SURE , HERE IS THE EXAMPLE

Done, you can now enable/disable certain features.

HERE FOR LONG

WOOW UR SO FAST MAN! TAHNX

I will soon, give me a bit of time. I am working on it. Thanks.

Is there time of day that you only trade this system and with the EA what chart are you trading it on. Thanks.

Hi,

try this one out: When an uparrow appears in an downtrend then place a sellstop at the low of the candle with the arrow. When a downarrow appears in an uptrend then place a buystop at the high of the candle. i use the guppy to determine the trend on the 5 min. Seems to give good signals.

Hi.I was reading this thread and wondering what a wonderful system is building up here; then all of a sudden it seems to come to a halt. Did something go wrong?Dash, i noticed you were asking Ron to reprogramme the ea to ignore the absolute: are you changing something? 'cos just following the arrows and macd from visual backtests show a lot of false signals; have you done something else to filter these?I wish someone would come on board again!

Hi. just i have asked RR to test something but i didng result yet. just continue with original rules,