eur/usd scalping method

have been monitoring this thread and trading Ptournis' system since it's inception. Dont' put much stock into EA's, so no offense RR, but I didn't download it.

This method provies consistently good signals, almost always ending my day in the plus pips zone.

Thanks so much for sharing this system with all of us little guys, and for free too!

It's an HMA alert that has been compiled with the settings for this system.
Also attached is MTF slope indicator compiled to show 15 minute TF when put on the 5m chart.

Hey try out

Place PSAR (.06,.2) and the Slope Indicator (12,3,0)

I've been using it with another system from this site and seems to be helping me in confirming my signals. Check it out.

January 30th 2009 +25 pips

Today's late trades before Noon CST netted +60 pips profit. Thanks, Pete!

Good job. I am glad I am helping people make some pips.

Ptournis, what tp, sl and trailing stop do you use when you trade the system manually?
I took out the close when signal change function to let it always hit tp, sl or trailing stop. Now I should know which would be the best settings.

Ronald R.,
I still have those unexplainable closes, eachtickmode is set false.
I think all unexplainable closes stick together with the close on opposite signal function. Maybe we could change this to only close when we are in profit. Lot's of my loosing trades are closed out with a few pips minus and would have come back to profit.

Question about that: does the close-on-opposite-signal-function actually close when the signal of one indicator changes (like sell/sell to sell/buy)
or do both signals have to change (e.g. sell/sell to buy/buy and the other way around)?

Also, maybe you could add some volatility function so that the ea will only trade when the market is trending and not going sideways.
Many trades are done when the market goes sideways and the signals change very quickly.


Let's keep up the good work guys! (and girls?)

CloseOnOpposite signal can be false. But if I'm thinking straight, I don't think it matters because the close criteria requires only one of the indis be in the opposite direction, not both...


As for your last comment, if I could figure out when a market is trending or ranging in a completely automatic way, I wouldn't be here. I would be on a private island somewhere. =D

Simple but it works.

well, but when I put closeonopposite signal to false, I'll still have trades being closed unexplainably. (how do you actually spell this )



Well, I guess you wouldn't because if you could, everybody could, and then there woulnd't be any islands to sell
No, I was regarding to some indicator showing whether there is high or low volume present. Am I thinking wrong about that, too?

Everyone, when you see phantom closures/openings, how far away from the actual signal is it? My testing is showing a consistent 1 bar "late" (due to the EachTickMode function, it's opening after the signal bar closes).

I'm getting signals 1 bar late with each tick mode set to false.

Are trades opened at the bar open?

Yes. I will see the signal and then on the next bar it will show in the comments and then trade.

When eachtickmode is set to false, all trades happen at the open of the bar after the signal bar, that's expected. I'm looking for other irregularities.

Not sure if the EA is programmed to enter again on a pullback. Does anyone know? If so, since currencies range most of the time set it for a 5 pip TP and during range it will do good and on pullbacks of trend it will do well. Conservative, but low drawdown. Slow and steady wins the race on my little account. Testing live this week.

I would define a pullback as when psar stays the same but slope changes from red to blue then back to red. I always have whipsaw protection and only trade it from london open to london close. Let's see what it does live on alpari us.

-2 pips today

Thanks for posting your results.

I myself don't have any phantom openings. - just closures.
They are mostly just a few (0-10 pips) in the wrong way.
I think it's right after the signal changes...not sure.

Couldn't we change the closeOnOppositeSignal function to closing trades ONLY when we are in profit? We could just let the negative trades hit the stoploss - if they are going to.
Would you mind programming this Ronald?