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Part Time Wealth Building Trading System - Daily Scalping

  • #1,061
  • Mar 5, 2007 5:03pm Mar 5, 2007 5:03pm
Quoting traderone
Hi Skyline. Nice results. Do you set a Take Profit on the EA?

Also, today my version , set to 2 maxtrades, stopped out 4 trades. I don't understand why that happened. It was on GBPJPY pair on IBFX Starting at 0 GMT. Thanks for any advice.

Hi Traderone,
yes I set Tp at 200 pips and SL at 40 pips on both pairs and MaxOrdersLossPerTrade = 2.
Today I was stopped out only once on gbpusd since it opened a buy, and on gbpjpy it was a full direct tp since it was a sell at midnight.
It's strange what happened in your platform. Anyway I think there is some hidden bug since some users are reporting some strange issue with v1.0e.
Please be really careful to use it and do not risk your real money or risk really few !!!
The bad thing infact is that i cannot recognize and fix the weird errors since in my platform everything seems to works fine
Another option is that everyone use the very same platform on FastbrokersFx.com so that we can check togheter and find about possible issue.

cya,
Skyline
  • #1,062
  • Mar 5, 2007 5:56pm Mar 5, 2007 5:56pm
Quoting skyline
Hi Traderone,
yes I set Tp at 200 pips and SL at 40 pips on both pairs and MaxOrdersLossPerTrade = 2.
Today I was stopped out only once on gbpusd since it opened a buy, and on gbpjpy it was a full direct tp since it was a sell at midnight.
It's strange what happened in your platform. Anyway I think there is some hidden bug since some users are reporting some strange issue with v1.0e.
Please be really careful to use it and do not risk your real money or risk really few !!!
The bad thing infact is that i cannot recognize and fix the weird errors since in my platform everything seems to works fine
Another option is that everyone use the very same platform on FastbrokersFx.com so that we can check togheter and find about possible issue.

cya,
Skyline
Skyline - Why don't you run a demo on Interbank FX to see the problem. I had 5 sells on the open of Monday's candle too in the GBPJPY.

Thanks - Tim
  • #1,063
  • Mar 5, 2007 6:32pm Mar 5, 2007 6:32pm
I think that sounds like a good idea. I think there are a lot of people using Interbank FX. I'm hoping that the bugs can be fixed then this will be onw powerful EA.

Quoting tim4kaye
Skyline - Why don't you run a demo on Interbank FX to see the problem. I had 5 sells on the open of Monday's candle too in the GBPJPY.

Thanks - Tim
  • #1,064
  • Mar 5, 2007 7:16pm Mar 5, 2007 7:16pm
Skyline, I am at fastbrokers. Just a thought here but would there be something in the code about checking last candle or anything. The only time it hass messed up on me was the multiple trades on guppy yesterday. 1st trade TP hit, the 4 sells after that all hitting SL. all one one candle.
  • #1,065
  • Mar 5, 2007 7:43pm Mar 5, 2007 7:43pm
I just tried this tonight on GBP/JYP and the EA opened another buy as soon as TP was hit . I tried to close new position but it opened a new one as fast as I could close them. Did I do something wrong? Thanks for your efforts for it is much appreciated.
  • #1,066
  • Mar 5, 2007 9:44pm Mar 5, 2007 9:44pm
I think that may be the problem with mine. I kept opening new trades in the same direction on the first hourly bar.

When price action is fast and furious in the first Hourly bar of the day, you can get multiple stop outs (or even winning trades depending on the size of your TP) on the first bar. After the first bar passes it seems to work correctly.
Don Life is expensive, but includes a free trip around the sun.
  • #1,067
  • Mar 6, 2007 1:38am Mar 6, 2007 1:38am
Quoting skyline
Hi Traderone,
yes I set Tp at 200 pips and SL at 40 pips on both pairs and MaxOrdersLossPerTrade = 2.
Today I was stopped out only once on gbpusd since it opened a buy, and on gbpjpy it was a full direct tp since it was a sell at midnight.
It's strange what happened in your platform. Anyway I think there is some hidden bug since some users are reporting some strange issue with v1.0e.
Please be really careful to use it and do not risk your real money or risk really few !!!
The bad thing infact is that i cannot recognize and fix the weird errors since in my platform everything seems to works fine
Another option is that everyone use the very same platform on FastbrokersFx.com so that we can check togheter and find about possible issue.

cya,
Skyline
Forgive me for going off-topic here, but are you happy with FastbrokerFX.com? Im have not yet decided which MT4 broker to go with. A lot of people seem to be using IBFX
Liberate me ex inferis
  • #1,068
  • Mar 6, 2007 2:49am Mar 6, 2007 2:49am
Hi, first of all congratulations to TK and everyone who have most generously devoted so much effort contributing to this thread. I am trying to set up the skyline EA. Alas, my computer skills are less than competent, some how I have managed to se up the EA on gbp/jpy just now with a small x next to it
am I on the right track thinking this will change to a smiley face once the EA is enabled at 24.00 gmt tonight ? I have tried looking at the back threads until my eyes went square to sort this out but am still clueless. Any help would be appreciated
  • #1,069
  • Mar 6, 2007 4:15am Mar 6, 2007 4:15am
Quoting tim4kaye
Skyline - Why don't you run a demo on Interbank FX to see the problem. I had 5 sells on the open of Monday's candle too in the GBPJPY.

Thanks - Tim
It's simple Tim , because I have my live account with FastbrokersFX that I consider the best one . Infact I know personally the co-owner (he's italian like me) the support in english/italian is a big advantage for me and they get most of time better spread and service than IBFX
Anyway since I want that this EA will work as intended , I will try to visual backtest over an IBFX platform to search for possible errors.

cheers,
Skyline

  • #1,070
  • Mar 6, 2007 4:19am Mar 6, 2007 4:19am
Quoting liamr
Hi, first of all congratulations to TK and everyone who have most generously devoted so much effort contributing to this thread. I am trying to set up the skyline EA. Alas, my computer skills are less than competent, some how I have managed to se up the EA on gbp/jpy just now with a small x next to it
am I on the right track thinking this will change to a smiley face once the EA is enabled at 24.00 gmt tonight ? I have tried looking at the back threads until my eyes went square to sort this out but am still clueless. Any help would be appreciated

There´s a button in your toolbar right above the charts named "Expert Advisors". Click it and it should show a small green sign and the smiley face will appear on your chart.
  • #1,071
  • Mar 6, 2007 4:23am Mar 6, 2007 4:23am
Skyline

What time does the daily bar close on fastbroker platform? 22:00, 23:00or 00:00 GMT?

Maybe some people are not adjusting the GMTshift.
Regards
  • #1,072
  • Mar 6, 2007 4:28am Mar 6, 2007 4:28am
Quoting liamr
Hi, first of all congratulations to TK and everyone who have most generously devoted so much effort contributing to this thread. I am trying to set up the skyline EA. Alas, my computer skills are less than competent, some how I have managed to se up the EA on gbp/jpy just now with a small x next to it
am I on the right track thinking this will change to a smiley face once the EA is enabled at 24.00 gmt tonight ? I have tried looking at the back threads until my eyes went square to sort this out but am still clueless. Any help would be appreciated
Click on tools>options>expert advisors and then check the "allow live trading" box
Regards
  • #1,073
  • Mar 6, 2007 5:25am Mar 6, 2007 5:25am
Quoting howard
Skyline

What time does the daily bar close on fastbroker platform? 22:00, 23:00or 00:00 GMT?

Maybe some people are not adjusting the GMTshift.
FastbrokersFX is 00 gmt aligned so the gmt_shift have to be set to 0
  • #1,074
  • Mar 6, 2007 6:19am Mar 6, 2007 6:19am
Thanks Howard and Doc Sniper, have got smiley face. Is there anything I need to reset so my set up is similar to other users? Thanks, Liam
  • #1,075
  • Mar 6, 2007 6:56am Mar 6, 2007 6:56am
Quoting skyline
Here's my latest statement with my demo account using Daily Scalping EA v1.0e (started with v1.0d) on GBPUSD and GBPJPY : http://www.divshare.com/download/190614-f5c

Quite nice gain using 4% risk per trade with MoneyManagement enabled and max 2 losses per day per pair from 10000$ to 17000$

Maybe this a stupid question but for a newbie it's something to
be appreciated.

Is there any possible way or setting in the EA to make it
to continue doing it's function even the computer of SHUTDOWN ??

Anyway, Thanks to everyone contributed in this forum,
Mostly to Skyline..

Sorry for the English. IUt's not my native.

Renefx
  • #1,076
  • Mar 6, 2007 6:59am Mar 6, 2007 6:59am
what is this EA, how is it used, i use forex.com plateform. can anyone pls help me.
  • #1,077
  • Mar 6, 2007 7:27am Mar 6, 2007 7:27am
Quoting skyline
It's simple Tim , because I have my live account with FastbrokersFX that I consider the best one . Infact I know personally the co-owner (he's italian like me) the support in english/italian is a big advantage for me and they get most of time better spread and service than IBFX
Anyway since I want that this EA will work as intended , I will try to visual backtest over an IBFX platform to search for possible errors.

cheers,
Skyline

I understand, Skyline...........no problem.

Tim
  • #1,078
  • Mar 6, 2007 7:34am Mar 6, 2007 7:34am
Quoting Renefx
Maybe this a stupid question but for a newbie it's something to
be appreciated.

Is there any possible way or setting in the EA to make it
to continue doing it's function even the computer of SHUTDOWN ??

Anyway, Thanks to everyone contributed in this forum,
Mostly to Skyline..

Sorry for the English. IUt's not my native.

Renefx
Hi Renefx, you have to thanks to Tkimble the orginal creator of this method, without him I hadn't start to code this EA
If your problem is managing your home pc to be used with an EA , start to think about renting a vps (look for virtual private server on google). I'm using it since 6 months and I'm fully satisfied
  • #1,079
  • Mar 6, 2007 10:20am Mar 6, 2007 10:20am
Thanks for posting this system!

I'm testing it on a demo-account and till now the results are very good.

Grtz!
  • #1,080
  • Mar 6, 2007 10:24am Mar 6, 2007 10:24am
hi guys,
I am using the daily scalping EA and wants to change the lot size from 0.10 to 1.0. I seem to be having problems doing it. when I change the parameters, do I save or load to presets in the expert?
I will really appreciate a step by step guidance here.

kingmaker
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