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Scalping the EUR/GBP effectively - Forturama

  • #101
  • Oct 9, 2008 4:55am Oct 9, 2008 4:55am
I did not have any movement at all with the EA during the night. No trades were executed. What was your profit during trading hours?

Quoting Forturama
High speed!
  • #102
  • Oct 9, 2008 10:32am Oct 9, 2008 10:32am
Quoting Archie
So far I have had higher hit rate than 70 %, but I have not tried this system for that long. What settings are you using to increase hit rate?

Roughly, just roughly, if u use TP = SL, you may highly likely to find hit rate ranged from 50%~60% sth. the ratio of TP/SL is a big trick of this system.

mine is 20 tp vs 12 sl, and I found that martingale(x2) seems not worthy the risk.
  • #103
  • Edited Oct 10, 2008 1:32am Oct 9, 2008 3:25pm | Edited Oct 10, 2008 1:32am
Thanks. I will try your settings. So far I have tried the original settings with tp 5 and sl 13. I will try both now and I will post results here regularly.



Quoting charvo
Roughly, just roughly, if u use TP = SL, you may highly likely to find hit rate ranged from 50%~60% sth. the ratio of TP/SL is a big trick of this system.

mine is 20 tp vs 12 sl, and I found that martingale(x2) seems not worthy the risk.
  • #104
  • Oct 10, 2008 1:31am Oct 10, 2008 1:31am
Good morning!

Woke up to see that 6 trades had been triggered during the night. 4 were losses and 2 ended up with positive pips. So overall it was a loss. The EA took the 4 losing trades almost at the same time, only with one minute in between. Is there any way to avoid this, so that it only makes one trade each time?
  • #105
  • Oct 10, 2008 1:51am Oct 10, 2008 1:51am
Hi Forturama,

Nice strat, unfortunately not applicable for my sleeping hours.
I didn't read the whole thread so don't know if it has been mentioned, I just got the enitial impression you're trading with a 3 pip spread on EG ? That's way too much for such a system as it seems to me, you can find brokers that will give you one pip (with recent liquidity problems it might be more but I hope it'll get resolved soon) and 2 pips easy even now. If this is your main strat than I see no reason to compromise on such poor spread.

Good luck
On the path to Enrichment.
  • #106
  • Oct 12, 2008 3:12am Oct 12, 2008 3:12am
I agree with you.

I am going to Alpari as soon as possible.

I do not like brokers with 1pip spread because they take commission.


Quoting Jurrasic
Hi Forturama,

Nice strat, unfortunately not applicable for my sleeping hours.
I didn't read the whole thread so don't know if it has been mentioned, I just got the enitial impression you're trading with a 3 pip spread on EG ? That's way too much for such a system as it seems to me, you can find brokers that will give you one pip (with recent liquidity problems it might be more but I hope it'll get resolved soon) and 2 pips easy even now. If this is your main strat than I see no reason to compromise on such poor spread.

Good luck
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  • #107
  • Oct 12, 2008 3:14am Oct 12, 2008 3:14am
This is not an EA problem.

You just don't have luck.

Tonight I lost 2 trades also.

As said Charvo, this is time to verify is semi-martingale is really useful here.

Quoting Archie
Good morning!

Woke up to see that 6 trades had been triggered during the night. 4 were losses and 2 ended up with positive pips. So overall it was a loss. The EA took the 4 losing trades almost at the same time, only with one minute in between. Is there any way to avoid this, so that it only makes one trade each time?
{Promotion Removed}
  • #108
  • Oct 12, 2008 3:15am Oct 12, 2008 3:15am
Bad, bad night...

This hurts!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp_10102008-1.gif Size: 17 KB
Click to Enlarge Name: eurgbp_10102008-2.gif Size: 16 KB
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  • #109
  • Oct 12, 2008 3:18am Oct 12, 2008 3:18am
You should keep in mind that a moviment like that (60 pips without retract) are rare on EURGBP during Asian (but not impossible).

I you look for an way to stop trading after the first loss.

EDIT: Solution found. EA will not trade twice the same signal.
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  • #110
  • Oct 12, 2008 4:44am Oct 12, 2008 4:44am
Is this a new function in a new version of the EA? Because it seems that the EA traded more than once on the same signal last time.

Quoting Forturama
You should keep in mind that a moviment like that (60 pips without retract) are rare on EURGBP during Asian (but not impossible).

I you look for an way to stop trading after the first loss.

EDIT: Solution found. EA will not trade twice the same signal.
  • #111
  • Oct 12, 2008 5:13am Oct 12, 2008 5:13am
Hey Forturama,

do you know when the new version of the EA will be released?

Thanks!
  • #112
  • Oct 13, 2008 2:48am Oct 13, 2008 2:48am
Fast and furious.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp_13102008-1.gif Size: 18 KB
Click to Enlarge Name: eurgbp_13102008-2.gif Size: 17 KB
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  • #113
  • Oct 13, 2008 2:50am Oct 13, 2008 2:50am
1 month statement.

Gain of 125%.

Large DD at the end due to EA intelligence fault: It continues trying the same signal even when it has already lost.

I tried an "intelligent" version but the results are not better than this. So I keep it like this.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 4 KB
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  • #114
  • Oct 13, 2008 5:24am Oct 13, 2008 5:24am
Two trades were opened during the night, both ended up in profit. The gain was a total of 10 pips. Once again, thanks to Forturama for introducing us to this great system. I have tried higher SL and TP than the original 13/5, but it has not been that successful yet. It would be interesting to hear of other people's settings and success.

The problem in the EA with more than one trade per losing signal perhaps could be solved with a restriction of number of trades/day. It would cut the losses, but the problem then is that it would also cut the winnings, since often there are more than one winning trade each night.

However, I have to get better at programming before I can contribute with any changes in the EA on my own
  • #115
  • Oct 13, 2008 1:28pm Oct 13, 2008 1:28pm
easy, a better way is limit 1 order per hour/30min.

Quoting Archie
The problem in the EA with more than one trade per losing signal perhaps could be solved with a restriction of number of trades/day.
  • #116
  • Oct 13, 2008 1:57pm Oct 13, 2008 1:57pm
I found an issue about semi martingale.

Back testing both methods (with and without martingale) I found better results without martingale. The parameter of comparison is the risk. Each bad trade loss 15% of capital.

Perhaps we should keep the EA simple like it is (even with worse DD).

See pictures bellow:

1. 2008 with martin
2. 2008 without martin
3. Last 30 days with
4. Last 30 days without
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TesterGraph_martin.gif Size: 9 KB
Click to Enlarge Name: TesterGraph_prince.gif Size: 8 KB
Click to Enlarge Name: TesterGraph_martin_last_month.gif Size: 7 KB
Click to Enlarge Name: TesterGraph_Prince_Last_Month.gif Size: 6 KB
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  • #117
  • Oct 13, 2008 2:04pm Oct 13, 2008 2:04pm
If we analyze the DD we can imagine that we can increase the risk with martingale, since we have a more efficient system. So we should not compare two system keeping equivalent risk/reward ratio.

Opinions?
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  • #118
  • Oct 13, 2008 2:07pm Oct 13, 2008 2:07pm
The results look great. Would it be possible to implement a sort of function that was mentioned in the post above by charvo, that is a restriction of 1 trade/hour or 30 min?

Would be great if that would work!

Quoting Forturama
I found an issue about semi martingale.

Back testing both methods (with and without martingale) I found better results without martingale. The parameter of comparison is the risk. Each bad trade loss 15% of capital.

Perhaps we should keep the EA simple like it is (even with worse DD).

See pictures bellow:

1. 2008 with martin
2. 2008 without martin
3. Last 30 days with
4. Last 30 days without
  • #119
  • Oct 14, 2008 2:20am Oct 14, 2008 2:20am
Hi,

The objective of that post is discuss about what kind of strategy is the most profitable, not just show good results.

Now we are looking for optimal results.

I will try add a time restriction function to the EA.

Quoting Archie
The results look great. Would it be possible to implement a sort of function that was mentioned in the post above by charvo, that is a restriction of 1 trade/hour or 30 min?

Would be great if that would work!
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  • #120
  • Oct 14, 2008 2:24am Oct 14, 2008 2:24am
Tonight with RSI_PRINCE.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_14102008-1.gif Size: 19 KB
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