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

  • #341
  • Jan 21, 2009 11:59am Jan 21, 2009 11:59am
Thanks Ron! How did you get so smart!

I like this system and am currently trading with manual confirmation at the open of US market. I have for the past week been able to get 20 to 50 pips a day. I do review other timeframe charts for the exit in addition to the EA. Thanks for all of the sharing.
  • #342
  • Jan 21, 2009 12:34pm Jan 21, 2009 12:34pm
Quoting Ronald Raygun
alt.end, surely you can test it yourself, right?
Sure I can but i am not sure if parameters set correctly with other indicators (Psar 'nd slope)
Il successo si condensa in pochi attimi.Buddy Fox
  • #343
  • Jan 21, 2009 1:59pm Jan 21, 2009 1:59pm
The EA was set with defaults equal to the first post in this thread.

If you want to trade like ptournis does, use the default for the PSAR and slope.

I put the EA up to encourage development of the underlying system. I am especially interested in exit strategies. It will take a lot to convince me to add another entry strategy.
  • #344
  • Jan 21, 2009 7:58pm Jan 21, 2009 7:58pm
hello,

I'm new to the forum and love what i see thus far.... lots of good sharing.

I've been following this thread and hats off to both Ronald R. and Ptournis for the intro and development of it... I downloaded the latest version of the EA and had a few questions about it. i'll take these up with Ronald in another post cause i'm having strange issues with it on my Demo Account.

As we know this system does not work well in ranging markets, and I came across this indicator on another forum... Basically it has two lines and all it tells you whether or not the market is ranging... its really simple : when the green line is below the grey the market is ranging so dont trade and vice versa... theres also a visual script that tells you to TRADE or DO NOT TRADE. it can be maniupulated for this system...

anyway Ptournis and Ronald let me konw what you think
Attached File(s)
File Type: mq4 Damiani_volatmeter.mq4   3 KB | 589 downloads
  • #345
  • Jan 21, 2009 8:15pm Jan 21, 2009 8:15pm
Ronald, Great EA.

just a question, i wanted to test it on a demo across all all pairs and time frames...

Some pairs such as USDCAD and EURGBP acted very strange...
sometimes it would open and close trades that price action had not even hit, sometimes a buy would be trigered when the Slope was red....

I made sure all the imputs were correct including the time frame 0 (for current chart) and the EACHTICK FALSE....

does the EA only work on certain charts or what??

Thanks alot
  • #346
  • Jan 21, 2009 10:00pm Jan 21, 2009 10:00pm
Quoting Rbi
Ronald, Great EA.

just a question, i wanted to test it on a demo across all all pairs and time frames...

Some pairs such as USDCAD and EURGBP acted very strange...
sometimes it would open and close trades that price action had not even hit, sometimes a buy would be trigered when the Slope was red....

I made sure all the imputs were correct including the time frame 0 (for current chart) and the EACHTICK FALSE....

does the EA only work on certain charts or what??

Thanks alot
Doubt it. What did the chart comments say?
  • #347
  • Jan 22, 2009 9:13am Jan 22, 2009 9:13am
Quote
Doubt it. What did the chart comments say?

Hey Ronald,

I don't know what it said at the time, i just turned it on and let it run to get sample trades to see how the exits can be improved... Here are two screenshots of what I am talking about, one ilustrates a buy order that closed without hitting a stop or a change in indicators. it also illustrates a buy order that is outside of price action.

The second illustrates sell orders that were initiated while slope was blue??

Please help I am really looking forward to developing the exit filter of this system...

Thank you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: PtounisEA 2.JPG Size: 452 KB
Click to Enlarge Name: Ptournis EA.JPG Size: 530 KB
  • #348
  • Jan 22, 2009 9:25am Jan 22, 2009 9:25am
sometimes it happens even to me,
but not often
  • #349
  • Jan 22, 2009 9:46am Jan 22, 2009 9:46am
Quoting Rbi
Hey Ronald,

I don't know what it said at the time, i just turned it on and let it run to get sample trades to see how the exits can be improved... Here are two screenshots of what I am talking about, one ilustrates a buy order that closed without hitting a stop or a change in indicators. it also illustrates a buy order that is outside of price action.

The second illustrates sell orders that were initiated while slope was blue??

Please help I am really looking forward to developing the exit filter of this system...

Thank you
Was EachTickMode set to true?
Try setting it to false.

Buy entry was above price action because it took the ask price. If you add spread, you'll see that.
  • #350
  • Jan 22, 2009 11:18am Jan 22, 2009 11:18am
thanks RR,

Unfortunitly I have checked my settings and there all fine, the S/L is 100, T/P is 60, no other stops.... EACHTICK is FALSE, indicator settings left to Default, and the only other thing i touched was alerts (turned them on).... your telling me this hasn't happened to you at all? Im asking because it has happened at least twice since yesterday on each pair.

I guess i'll see how it goes from here....

Can you explain what the SIGNALS ONLY setting: is it to only produce the signals anddisable the trading?

Thanks again RR your help is much appreciated
  • #351
  • Jan 22, 2009 12:07pm Jan 22, 2009 12:07pm
Please make sure you have the most recent version that I put up. The names are all the same. These problems used to exist, I agree. They shouldn't exit anymore.

The main problem I'm having with this is that I cannot recreate these problems that everyone seems to be having. I'm trying to get as much detail as possible (Remaining Trades has what value before a new trade is opened?)

SignalsOnly means the EA will post the signals using the methods you choose (Sound, Alert, e-mail), and NOT PLACE TRADES. It's one of the more commonly asked functions so I just put it in all my EAs.

As for your unique problem, does the EA post any errors in the journal?
  • #352
  • Edited 5:33pm Jan 22, 2009 4:49pm | Edited 5:33pm
Hey guys,
I found this thread last night, thought it was interesting and decided to give it a try but although I had a couple of good trades yesterday, I had a few dozen pips loss today. I know it's a really simple and straight forward system but somehow I managed to screw it up.
Now, I'm sure lots of you traders use some kind of a IM software so I was wondering if you were up for creating a trading group. I think it would be useful to discuss trades, especially the bad ones - it should help take this system one step forward.
My profile provides both Yahoo and skype IDs so I hope I'll see you guys in there.
Have a nice evening and thanx ptournis for posting the system.
  • #353
  • Jan 23, 2009 1:01pm Jan 23, 2009 1:01pm
Hi RR,

Thank you for preparing the EA for this method. I have been running tests with the EA, it can recognise trades but has two problems shown in the attached file.

1. Example from EurUsd: EA picks up a sell signal and enters order. Trend reverses and EA stops out of the trade, very good. However it won't enter into another trade until the slope indicator changes again from green to red and green, seems that EA has to recycle.

2. Example from GbpUsd: Here the EA recognises an uptrend and enters the trade, however it happens that there is a momentary downtrend and the indicator repaints so the Ea closes the trade correctly with a little profit. However the trend then resumes upwards and you can see clearly that the EA only re-enters the trade after the slope direction line goes to red and then back to blue. Again seems that the EA has to recycle.

Any interesting ideas on overcoming this little prob.

Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: scalp 23 jan 09.gif Size: 22 KB
Click to Enlarge Name: scalp2 23 jan 09.gif Size: 27 KB
  • #354
  • Jan 23, 2009 2:20pm Jan 23, 2009 2:20pm
The EA checks the previous closed bar for one of the indicators to be opposite the current trend. This was put in to prevent whipsaw. I agree that it's frustrating to see the EA "miss" such opportunities. But you'll also notice that--especially during a sideways period--you are saved from whipsaw.

With that in mind. I have included a setting called "UseWhipSawProtection" if you want the EA to only trade the first time the indicators cross, set that to false. If you want to trade like pipernet, set WhipSawProtection to true.
Attached File(s)
File Type: mq4 Ptournis Scalping.mq4   15 KB | 697 downloads
  • #355
  • Jan 23, 2009 4:04pm Jan 23, 2009 4:04pm
Hi Ronald,

Thanks for everything you, Pete and the rest of this forum's contributors are doing!

This EA is assisting my trading decisions and making money on a daily basis.
(275 pips from Tuesday to Thursday trading between 7am and 11am est)

Like Trader7, I too would like to test the Slope Indicator of the EA
without the PSAR.

Is it possible to get a quick EA from you to do this as we haven't heard any results from Trader7...?

Best regards,
Al
  • #356
  • Jan 23, 2009 5:14pm Jan 23, 2009 5:14pm
OK I have just finished reading the posts from 1 to end. I noticed many people are confused and asking questions that they need not ask. I dont want to join that group.
Ok What Im saying is that many indicators, EA, old and new versions and templates for this system are scattered all over the thread,
OK Can some one make it easier for me and others please and post all the right indicators and the latest EA and the template too, if possible a short text file of the EA settins and Post them all together plssssss it will make things a lot easier

Indicators
Template
EA
Text file or screen shot of EA settings

Please together in one post
Add value everyday in Pips
  • #357
  • Jan 23, 2009 6:41pm Jan 23, 2009 6:41pm
see post #354
  • #358
  • Jan 23, 2009 10:27pm Jan 23, 2009 10:27pm
Quoting Pip-Stud
OK I have just finished reading the posts from 1 to end. I noticed many people are confused and asking questions that they need not ask. I dont want to join that group.
Ok What Im saying is that many indicators, EA, old and new versions and templates for this system are scattered all over the thread,
OK...
Did you really read over the thread from post 1 to the present?

Surely you can find the necessary indicators/EAs without any of us holding your hand.
  • #359
  • Jan 24, 2009 4:22am Jan 24, 2009 4:22am
Oh OK I underestimated the simplicity of this system, seems like its just the EA I need to download.
Cheers guys
Add value everyday in Pips
  • #360
  • Jan 24, 2009 8:01am Jan 24, 2009 8:01am
Hi wailin,

very glad for you, but which settings are you using?

does anyone else can post its results?
I am trying for some days now, but with no good results,

Anyway I'll keep gonin on

thanks to everyone,
iopoipoi




Quoting wailin
Hi Ronald,

Thanks for everything you, Pete and the rest of this forum's contributors are doing!

This EA is assisting my trading decisions and making money on a daily basis.
(275 pips from Tuesday to Thursday trading between 7am and 11am est)

Like Trader7, I too would like to test the Slope Indicator of the EA
without the PSAR.

Is it possible to get a quick EA from you to do this as we haven't heard any results from Trader7...?

Best regards,
Al
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