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Attachments: eur/usd scalping method
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eur/usd scalping method

  • #121
  • Jan 6, 2009 1:20pm Jan 6, 2009 1:20pm
I interpreted the exit as when the PSAR and slope direction don't agree.
  • #122
  • Jan 6, 2009 1:50pm Jan 6, 2009 1:50pm
Here is another update at the request of several people.

The EA now only takes the bars at the beginning of a signal. Not during a signal, so you don't have to worry about the EA entering a trade as soon as you attach it.
Attached File(s)
File Type: mq4 Ptournis Scalping.mq4   14 KB | 907 downloads
  • #123
  • Jan 6, 2009 1:51pm Jan 6, 2009 1:51pm
sofar
Two trades
-30 pips
  • #124
  • Jan 6, 2009 1:56pm Jan 6, 2009 1:56pm
is there a definitive consensus over which timeframes should agree to trigger a trade?

I have seen a few different mentioned like:
5m and 15
5m and 30
1m and 5m
  • #125
  • Jan 6, 2009 2:04pm Jan 6, 2009 2:04pm
Quoting PippinL
is there a definitive consensus over which timeframes should agree to trigger a trade?

I have seen a few different mentioned like:
5m and 15
5m and 30
1m and 5m
None of them, using the original method. Only 5m TF and PSAR and Slope.
  • #126
  • Edited 2:38pm Jan 6, 2009 2:18pm | Edited 2:38pm
What I have noticed is that this sytem is great for picking entires so far.

What if you just entered at each confirmation candle and body slam the candle as the exit?

Third trade up 7 pips so far. As high as 12 (which is where would have bodyslammed it.)

edit: Just closed third trade for zero pips
Not working well in consolidation
  • #127
  • Jan 6, 2009 3:25pm Jan 6, 2009 3:25pm
Quoting Ronald Raygun
Here is another update at the request of several people.

The EA now only takes the bars at the beginning of a signal. Not during a signal, so you don't have to worry about the EA entering a trade as soon as you attach it.

Just a thank you for your hard work Ronald. I see you are a major contributor here on this board. Is it OK if I share this EA if it works with some friends on another board?

Going to test your EA now with live microlots.
  • #128
  • Jan 6, 2009 4:19pm Jan 6, 2009 4:19pm
I am testing the last EA posted on EURUSD and USDJPY... let's see how it works! Someone other is testing it? Does the EA automatically close trades when slope direction line change color?
  • #129
  • Jan 6, 2009 4:32pm Jan 6, 2009 4:32pm
Quoting PTOURNIS
I have been experimenting with this scalping method for a SHORT time. I want to stress this. The system works as follows:

Eur/Usd 5 min chart

Place PSAR (.02,.2) and the Slope Indicator (12,3,0)

Go long/short when both indicators are in agreement.

Exit when the Slope indicator is opposite to the PSAR.

Reenter when the Slope Indicator is in agreement with the PSAR

Thanks for sharing.

Havnt placed eni trades yet. I just came across this thread about 2 hours ago n hav read 2 d end, hav also posted the 2 indicators 2 me chart. The system seems to work pretty well from chart history but from me obsevation, it works beta wen PSAR jst changed direction.

Would u advise trading wen PSAR changes directn 1st n den Slope or wisheva changes first?

Thanks in advance 4 d reply.
  • #130
  • Jan 6, 2009 4:38pm Jan 6, 2009 4:38pm
And, also from one of ur posts, u seem 2 hav specific times that u trade.

Does that mean that there are times wen trades wif ur system a optimal?

If yes, can u please share and why?

Thanks
  • #131
  • Jan 6, 2009 4:38pm Jan 6, 2009 4:38pm
Hey man I've put your EA in my experts folder and i've attached it on my chart but it doesn't work! it doesn't open a trade! Help!!
  • #132
  • Jan 6, 2009 4:41pm Jan 6, 2009 4:41pm
Hello

I took the short on EU about 10 minutes ago. Anyone else in here?

P
  • #133
  • Jan 6, 2009 4:42pm Jan 6, 2009 4:42pm
Quoting pi piper
Hello

I took the short on EU about 10 minutes ago. Anyone else in here?

P
My EA didnt take it!
what i need to do? I set lot @ 0.5, I've allowed real time trading...
  • #134
  • Jan 6, 2009 4:49pm Jan 6, 2009 4:49pm
Well Said and That is what I've been doing with EA's

Quoting Ronald Raygun
The problem is that this system works best in markets which aren't choppy. This system works best in moderate swing-type trending where a move lasts 20-30 bars before reversing 20-30 bars in the other direction. With that in mind, what do I do? I turn on the EA when I see a market moving in that way. Using an EA for this system allows me to focus more on the market than the system.

I trade with 37 distinct systems in 6 different categories. Do you really think I would be able to do any amount of that manually? No. I definitely cannot. 34 of those...
I search forums to find the best EA's for as many market conditions I can think of then I open about five different charts and have each one designated for a particular market condition and EA. One chart is strictly for news trading which I use the AmazingEA which I can set and forget. (tip: I always collect my pips on NFP after the first 5 minute dance)

I don't set the EA's for maximum pip gain usually about 5 pips take profit while I manually trade the FX Prime and Stealth system which is my primary indicators. But this EA is a great EA to have but turn it off when the conditions are signaling sideways, save your EA settings so you won't have to go about resetting your tp, sl, ts, and lot size everytime you reload it.

But I think most of you get where I'm coming from. EA's are not Holy Grails but are tools of the trade and that's what they are to be used as, tools.
  • #135
  • Jan 6, 2009 4:59pm Jan 6, 2009 4:59pm
i have the same problem
the EA Dont open any trades for me !

Quoting Retal1ator
My EA didnt take it!
what i need to do? I set lot @ 0.5, I've allowed real time trading...
Charting Markets into the Future...MǎҖ€¥.
  • #136
  • Jan 6, 2009 5:03pm Jan 6, 2009 5:03pm
Quoting MaXeY
i have the same problem
the EA Dont open any trades for me !
I really do not know why this could have been happened... I'm hoping someone will help us
  • #137
  • Jan 6, 2009 5:05pm Jan 6, 2009 5:05pm
Quoting ^eagle^
Just a thank you for your hard work Ronald. I see you are a major contributor here on this board. Is it OK if I share this EA if it works with some friends on another board?

Going to test your EA now with live microlots.
You're welcome to share the EA. Just keep in mind that the recipients know where the EA came from, and that I will only provide support on this forum.
  • #138
  • Jan 6, 2009 5:15pm Jan 6, 2009 5:15pm
RR
Is there a way to filter out the slope if it is less than 30 degrees? This system doesnt work well in consolidation but if you do not allow trades unless slope line is angled greater than 30 degrees it becomes very profitable.

What I am doing right now is setting the EA up to signal only and then manually enter trades if the slopeline is greater than 30 degrees. I also have the PSAR alert setup to warn me of a possible change ahead of time.

The slope line alert found in this thread doesnt work. Any body know how to fix it?
Attached File(s)
File Type: mq4 Slope Direction Line Alert.mq4   6 KB | 604 downloads
File Type: ex4 Slope Direction Line Alert.ex4   7 KB | 439 downloads
  • #139
  • Jan 6, 2009 6:07pm Jan 6, 2009 6:07pm
RR

I downloaded your latest version of this EA and it is giving a buy signal when the slope is correct but the PSAR is not.
  • #140
  • Jan 6, 2009 7:58pm Jan 6, 2009 7:58pm
eagle, do the settings match (between EA and indicator)


As for the slope, here's the problem...

Zoom out on the chart. The slope changes. So what do I use as a measurement of the angle?
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