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Part Time Wealth Building Trading System - Daily Scalping

  • #901
  • Feb 26, 2007 7:21pm Feb 26, 2007 7:21pm
Hi everybody,

Just want to know if there is any modification to the first post of this thread.

Thanks
  • #902
  • Feb 26, 2007 9:33pm Feb 26, 2007 9:33pm
For Skyline, CEO or anyone, who can code.

I added comment as input option, as I once asked Skyline. This doesn't change rules and strategy, but makes an EA (and comparing) much friendlier. See picture.

Here are changes I made regarding comment:

extern string EAComment;

//internal variables
string EA_Comment="";

// expert start function
EA_Comment = EAComment + " Skyline";

Ticket=OrderSend(Symbol(),OP_SELLSTOP,LotSize,Price,0,StopLoss,TakeProfit,EA_Comment,MagicNumber,0,CLR_NONE);

Also, as is EA coded now, you can't put it several times on the same pair since magic number only change with different time frame or different pair. So I made three copies and I changed them on the way, that each EA will use different magic number.

Changes:

MagicNumber=MagicNumber*3+10+StringGetChar(Symbol(),i);

I added that +10 in first EA, +20 in second EA and +30 in third EA.

I know it would be better if you could just enter magic number through Input (use as External variable) but, I'm not programmer.

BEWARE!!!! This is the first time ever I've touched any EA. The only way I could make changes is, peaking into some other code, so my changes may corrupted EA. I'm sure I didn't do it proper way.

Ody enough, after few days of testing, looks like nothing is broken so far, so I decided to post them here.

But, please, if here is any coder that have 15 minutes free time, can you please change and make it how it really should be.

Skyline, if you will ever need to change anything in your EA, would you please make it this way, that it can be used several times per pair and that we can add notes in the comment. Ditto for weekly EA.

I know this would be piece of cake for you. No rules or functionality is changed, but EA is better.

So I'm attaching three copies of EA each have different number on the end of the name. Three so you can put three EA (one of each) on the same pair. Actually, you can put four EA's on the same pair these three and original.

Now you can try different strategies and ideas, different take profits, different stop loses all in the same account. Comparing will now be easy too if you enter note into comment, what settings you are using.

Tkimble, Skyline, the guy who ordered and paid the Rhytm, CEO and others, thank you for your sharing!

Mario
Attached Images
Attached File(s)
File Type: mq4 Daily Scalping EA v1.0e1.mq4   13 KB | 622 downloads
File Type: mq4 Daily Scalping EA v1.0e2.mq4   13 KB | 590 downloads
File Type: mq4 Daily Scalping EA v1.0e3.mq4   13 KB | 935 downloads
  • #903
  • Feb 26, 2007 10:03pm Feb 26, 2007 10:03pm
I have seen a pattern in the G/U that shows a a bad start on Mondays and a good direction be shown on Tuesdays.

Has anyone else seen this as well? Also has anyone backtested with a start on Tuesday instead of Monday. I'm very curious if it would be more profitable than starting on Monday 0:00 GMT.

Thanks for the input.

yezbick
  • #904
  • Feb 26, 2007 10:49pm Feb 26, 2007 10:49pm
gbp/usd contineously closed three days up, should it be short now.
  • #905
  • Feb 27, 2007 12:41am Feb 27, 2007 12:41am
and again my TP was hit @ 235.98. +100pips for today; already up 200 pips for the week. i might as well stop trading for the rest of the week, it should be enough.
Nihil Sine Deo.
  • #906
  • Feb 27, 2007 2:22am Feb 27, 2007 2:22am
Man, I should've stayed out of the cable today...Im getting murdered...
Liberate me ex inferis
  • #907
  • Feb 27, 2007 2:46am Feb 27, 2007 2:46am
Quoting Scrat
and again my TP was hit @ 235.98. +100pips for today; already up 200 pips for the week. i might as well stop trading for the rest of the week, it should be enough.
Congratulations Scrat.

Today I got 60 pips on the same pair. Seems to be a good week for GBP/JPY.
  • #908
  • Feb 27, 2007 3:26am Feb 27, 2007 3:26am
Quoting Scrat
and again my TP was hit @ 235.98. +100pips for today; already up 200 pips for the week. i might as well stop trading for the rest of the week, it should be enough.
congratulations,

i also closed my g/j position at 100 pip tp, but now i am feeling not good, i would have gotten another 100 pip, Is it good decision to take 100 pips for daily trading.
  • #909
  • Feb 27, 2007 3:31am Feb 27, 2007 3:31am
Quoting Scrat
and again my TP was hit @ 235.98. +100pips for today; already up 200 pips for the week. i might as well stop trading for the rest of the week, it should be enough.
congratulation on your getting 200 pips till today.

i have also earned 200 pips till today, now is it better not to trade for rest of this week.
  • #910
  • Feb 27, 2007 4:26am Feb 27, 2007 4:26am
sanjaysingh,

if you took 100 pips today, you should be happy.
to see that you missed out on another 100 pips doesn't matter. when you sold out at 100 pip profit, were you happy with that? i would be.
the cool thing is, there are a lot of days where you can take 100 pips from this pair... a lot of 100 pip days or a few 200 pip days?
when it continued down, quite steeply, i thought to myself, well, there are probably no more entries for me today, so i switched off and did something else, i'll come back tomorrow unless something drastic happens tonight and pulls the GBP/JPY back 200 pips, which is highly unlikely.

for those following the original rules and waiting until near close, they will be smiling, and sitting on 200 pips right now... where will it be in 12 hours time when rules say close? aaah, the dilemma, take 200 (fear of loss, profit taking), or wait for more (greed, hope).. or simply follow the rules and what happens happens.
  • #911
  • Feb 27, 2007 4:38am Feb 27, 2007 4:38am
Quoting ryanmel
sanjaysingh,

if you took 100 pips today, you should be happy.
to see that you missed out on another 100 pips doesn't matter. when you sold out at 100 pip profit, were you happy with that? i would be.
the cool thing is, there are a lot of days where you can take 100 pips from this pair... a lot of 100 pip days or a few 200 pip days?
when it continued down, quite steeply, i thought to myself, well, there are probably no more entries for me today, so i switched off and did something else, i'll come back tomorrow unless something drastic happens tonight and pulls the GBP/JPY back 200 pips, which is highly unlikely.

for those following the original rules and waiting until near close, they will be smiling, and sitting on 200 pips right now... where will it be in 12 hours time when rules say close? aaah, the dilemma, take 200 (fear of loss, profit taking), or wait for more (greed, hope).. or simply follow the rules and what happens happens.
`
Thanks ryanmel, yes it is true `a lot of 100 pip days or a few 200 pip days
  • #912
  • Feb 27, 2007 5:37am Feb 27, 2007 5:37am
I do not see any reason why you should stop trading for the rest of the week, this is a daily system you should take positions every day if conditions are met.

However if you want to reduce risk you may use the MM rules set out by bholiday in the previous posts which are very useful.
Regards
  • #913
  • Edited 7:51am Feb 27, 2007 7:30am | Edited 7:51am
tKimble system strikes again. I'm up 328 pips on the GBPJPY for the week.

Thanks again tKimble.

yezbick
  • #914
  • Feb 27, 2007 8:22am Feb 27, 2007 8:22am
lolcopter!! the one week I decide not to trade guppy.....jesus!!
CRAIGSLIST BARTERING CHAMPION
  • #915
  • Feb 27, 2007 8:42am Feb 27, 2007 8:42am
I have been using the Rhythm v.2 EA to manage my positions on 6 different pairs. Currently I'm up 900 + pips on these pairs. My totals are as follows.

EURCAD = 50
EURJPY = 189
GBPCHF = 146
GBPJPY = 360
GBPUSD = 5
USDJPY = 187

The above was done on the standard daily with no TP and with the standard 40 SAR from 0:00 GMT.

Thanks again tKimble for a great system.

yezbick
  • #916
  • Feb 27, 2007 8:52am Feb 27, 2007 8:52am
congratz yezbick

however i think that it's a bit inappropriate to apply a fixed 40 pip SAR for all pairs. For instance GBP/JPY has the daily moving range much bigger than USD/JPY so 40 pip distance may be too big for USD/JPY or too tight for others like GBP/JPY.

i'm gonna do a test with ATR/4 SAR...
  • #917
  • Feb 27, 2007 8:55am Feb 27, 2007 8:55am
Quoting yezbick
I have been using the Rhythm v.2 EA to manage my positions on 6 different pairs. Currently I'm up 900 + pips on these pairs. My totals are as follows.

EURCAD = 50
EURJPY = 189
GBPCHF = 146
GBPJPY = 360
GBPUSD = 5
USDJPY = 187

The above was done on the standard daily with no TP and with the standard 40 SAR from 0:00 GMT.

Thanks again tKimble for a great system.

yezbick
THAT, is impressive!!. So far this week, the only thing I've done is the G/J daily and up +160 since Sunday evening, but out for the rest of the day (TP was hit overnight). I'm happy, but +900 is outstanding.
  • #918
  • Feb 27, 2007 9:29am Feb 27, 2007 9:29am
Quoting yezbick
I have been using the Rhythm v.2 EA to manage my positions on 6 different pairs. Currently I'm up 900 + pips on these pairs. My totals are as follows.

EURCAD = 50
EURJPY = 189
GBPCHF = 146
GBPJPY = 360
GBPUSD = 5
USDJPY = 187

The above was done on the standard daily with no TP and with the standard 40 SAR from 0:00 GMT.

Thanks again tKimble for a great system.

yezbick
Excellent trading...
  • #919
  • Feb 27, 2007 9:37am Feb 27, 2007 9:37am
Guppy keeps going down and puts salt on the hurt...telling me that even though I took 100 PIPS I left a lot over the table...Damn it ... What to do for next week???
I know I should be happy with my 100 PIPS and go take the kids to BK, but I feel like a fool...(100% newbie feeling, uh?)
  • #920
  • Feb 27, 2007 10:24am Feb 27, 2007 10:24am
Quoting toti1972
Guppy keeps going down and puts salt on the hurt...telling me that even though I took 100 PIPS I left a lot over the table...Damn it ... What to do for next week???
I know I should be happy with my 100 PIPS and go take the kids to BK, but I feel like a fool...(100% newbie feeling, uh?)
made me laugh loudly, great style expressing yourself.
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