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eur/usd scalping method

  • #401
  • Jan 28, 2009 8:43am Jan 28, 2009 8:43am
I want to say that this is about the best Scalping system I have ever come across, My only regret is that the EA has refused to trigger has refused to trigger trades for me. But Im still gratefull for the profitability and simplicity of the system I will continue to trade the system manually, Untill I figure out whats the problem with the ea
Add value everyday in Pips
  • #402
  • Jan 28, 2009 8:51am Jan 28, 2009 8:51am
me too,

i think it is very powerful

we need just a little more study and support


excuse Pip-Stud,

are you use basic settings?
  • #403
  • Jan 28, 2009 10:34am Jan 28, 2009 10:34am
yes nothing added nothing removed
Add value everyday in Pips
  • #404
  • Jan 28, 2009 12:47pm Jan 28, 2009 12:47pm
Today's result
-59 pips

I have to say one thing about the EA. It is not working as planned.

Have a great day.
  • #405
  • Jan 28, 2009 2:16pm Jan 28, 2009 2:16pm
Quoting PTOURNIS
Today's result
-59 pips

I have to say one thing about the EA. It is not working as planned.

Have a great day.
This is typical of EA's. I have written many of them and they all fail after the trading technique is automated. The EA exposes the flaw in the trading method. The only winning EA I have come across is a trend following EA with a large TP and a even larger SL. It uses the ADX indicator and is posted in this forum for anyone
  • #406
  • Jan 28, 2009 3:42pm Jan 28, 2009 3:42pm
Quoting steve50
This is typical of EA's. I have written many of them and they all fail after the trading technique is automated. The EA exposes the flaw in the trading method. The only winning EA I have come across is a trend following EA with a large TP and a even larger SL. It uses the ADX indicator and is posted in this forum for anyone

I would accept that answer, but this particular EA does not replicate the trading method as of yet.
  • #407
  • Jan 28, 2009 4:21pm Jan 28, 2009 4:21pm
The method has been working nice for me, trading it manually. I am using the EA with manual confirmation on, then closing it manually. I traded the FOMC News today and picked up about 90 pips on the E/U sell and am currently in a trade E/U buy (on the consolidation) and am up about 20 pips.
  • #408
  • Jan 28, 2009 5:50pm Jan 28, 2009 5:50pm
Quoting PTOURNIS
Today's result
-59 pips

I have to say one thing about the EA. It is not working as planned.

Have a great day.
I must echo the previosu comments about the creative feedback for this thread, 90% of the comments are people grinding out trying to get the EA to work, but if you read the thread Ptournis is trading this system MANUALLY on a LIVE account, if that is not the biggest endorsement then i dont know what is, in some ways this thread could be split in two, those who wanna chat about the EA and why and why not, and those who want to trade it manually, i guess pretty obvious from my commetns that i am trading it manually and having mixed sucess but overall good profitable results, i an see how you got -57 today it was very choppy and this system like any other mechanical system requires an element of trending to work it

i am just refining the times to trade currently, working wth 2 hours Europe UK open and 1 hour (as ptournis is) for the NY open.

Myself and another trader are using it across more than just the E/u and are currently experimenting with trading 5 min timeframe and moving to upper time frames as trade progresses in profit. have also experimented with slope settings of 9,3,0 instead of 12,3,0 in the original settings this is giving a slightly better entry but currently is not so consistent on the exits

overall i am happy just refining and addding to my trading tool box, ifyou trade itmanaully at least you will begin to understand it rather than waiting for an EA to hand you profits on a plate, which without constant optimisation is a Fairytale.

good trading all and keep involved Ptournis i think we can add more postive comments here and alternative settings that will only make the strategy and method even more secure and resistant/adaptable to changing market conditions.

to ptournis and the thread keeping going in a positive nature,
  • #409
  • Jan 28, 2009 7:02pm Jan 28, 2009 7:02pm
Sorry for not getting back sooner, new semester started and I'm getting back on track.

Anyway, I put a lot of debugging parts into this EA.

  1. If the EA mysteriously closes a trade, check the journal to see the reason why.
  2. Whipsawprotection is now shown on the chart so you can see what it's thinking.

I modified the code so a lot of things are posted into the journal. If something happened which wasn't supposed to happen, get the time it was supposed to happen, and give me the errors 5 mins before and after when the thing was supposed to happen.

Attached File(s)
File Type: mq4 Ptournis Scalping.mq4   15 KB | 959 downloads
  • #410
  • Jan 28, 2009 7:43pm Jan 28, 2009 7:43pm
Thanks RR,

glad you are back... just wanted to ask something else... I'm experimeting with diferent timeframes (such as the 1H) and I haven't gotten one trade out of it... am i suppose to change any settings or what?
\
Thanks
  • #411
  • Jan 28, 2009 8:03pm Jan 28, 2009 8:03pm
Quoting Rbi
Thanks RR,

glad you are back... just wanted to ask something else... I'm experimeting with diferent timeframes (such as the 1H) and I haven't gotten one trade out of it... am i suppose to change any settings or what?

Thanks
What were the timeframe settings for the PSAR and slope direction line?
  • #412
  • Jan 29, 2009 3:57am Jan 29, 2009 3:57am
That was Encouraging Kiwiduvet.. I have stopped trying to get the EA to work I trading manually and doing well.
Quoting kiwiduvet
I must echo the previosu comments about the creative feedback for this thread, 90% of the comments are people grinding out trying to get the EA to work, but if you read the thread Ptournis is trading this system MANUALLY on...
Add value everyday in Pips
  • #413
  • Jan 29, 2009 4:22am Jan 29, 2009 4:22am
very glad to see you back Ronald!

thanks for all your efforts, I am sure we are getting better and better!

I would like to tell that it is true that is important the manual way of trading it,

but every one of us know that if we make this system work,
it would be much better.

cheers to everyone
  • #414
  • Jan 29, 2009 5:04am Jan 29, 2009 5:04am
I have been stuffing around with 'Trailing Price', 'Move Stop When Price". to the point that i have forgotton the original settings.
Also I keep cutting a good trade too short. Would be interested firstly what the orig. setting were, and what others have been using lately for these paramaters...

Thanks.
D.
where thought goes energy flows
  • #415
  • Jan 29, 2009 5:49am Jan 29, 2009 5:49am
Quoting Ronald Raygun
Sorry for not getting back sooner, new semester started and I'm getting back on track.

Anyway, I put a lot of debugging parts into this EA.

  1. If the EA mysteriously closes a trade, check the journal to see the reason why.
  2. Whipsawprotection is now shown on the chart so you can see what it's thinking.

I modified the code so a lot of things are posted into the journal. If something happened which wasn't supposed to happen, get the time it was supposed to happen, and give me the errors 5 mins before and after when the thing was supposed...

Hi all and great method I´m testing it manually on a demo and seems to work well. But it takes a lot of time around the PC so I tried the expert showed above but can´t even seams to get it to work on backtest...It just generates a continual and steady reduction on the account. What setting I should set to back test it correctly...Any help Thanks
  • #416
  • Jan 29, 2009 7:50am Jan 29, 2009 7:50am
Quoting egejo
Hi all and great method I´m testing it manually on a demo and seems to work well. But it takes a lot of time around the PC so I tried the expert showed above but can´t even seams to get it to work on backtest...It just generates a continual and steady reduction on the account. What setting I should set to back test it correctly...Any help Thanks
If it's opening and closing trades, then it's backtesting properly. The EA is not guaranteed to profit, I'm just trying to follow the system as much as possible.
  • #417
  • Jan 29, 2009 12:18pm Jan 29, 2009 12:18pm
Well yes it is opening trades and closing on reversal, but I notice it gets all loosing trades because it opens or closes based in the last tick and don´t wait for a confirming bar in the 5 min. Like what I´m doing in manual waiting for the bar to complete and if both agree I enter. This EA enters in the immediate change which sometimes is false and reverses immediate creating the steady loose slope I told before.

Overall great system and great work to create the EA but it requires more polishing.

Meanwhile I´m sticking with manual and alerts for changes...in the demo for a while till getting live... Wished today I was live got +104 pips
  • #418
  • Jan 29, 2009 12:27pm Jan 29, 2009 12:27pm
Quoting egejo
Well yes it is opening trades and closing on reversal, but I notice it gets all loosing trades because it opens or closes based in the last tick and don´t wait for a confirming bar in the 5 min. Like what I´m doing in manual waiting for the bar to complete and if both agree I enter. This EA enters in the immediate change which sometimes is false and reverses immediate creating the steady loose slope I told before.

Overall great system and great work to create the EA but it requires more polishing.

Meanwhile I´m sticking with manual and alerts...
change eachtickmode to false
  • #419
  • Jan 29, 2009 12:41pm Jan 29, 2009 12:41pm
1/29/09

+22 pips

3 out of 3 trades were winners
  • #420
  • Jan 29, 2009 12:47pm Jan 29, 2009 12:47pm
Quoting PTOURNIS
1/29/09

+22 pips

3 out of 3 trades were winners
Is that the EA? If you are not trading with the EA, what else does the EA need to trade your method?
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