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Daily Scalping EA - Discussion Thread

  • #101
  • Mar 21, 2007 9:22am Mar 21, 2007 9:22am
Silly me. Probably because the time was set to 17:00.
  • #102
  • Mar 21, 2007 9:27am Mar 21, 2007 9:27am
Quoting petersurrey
EA needs to be used with 1 hour charts not daily as in your chart..
No that's mandatory if you want to backtest the EA , but in live test it's not needed anymore
  • #103
  • Mar 21, 2007 4:20pm Mar 21, 2007 4:20pm
I have been trying the Rhythm EA for a while with mixed results so I thought I would give the Daily Scalping another try. I looked for the latest version on this thread and downloaded it and dropped it on GBPJPY.

I expected it to open a trade at the new candle and I had to go out for a couple of hours so I left it to open a trade on its own.

Understatement, it has opened and closed hundreds, reduced my account from $4k to about $90.

Don’t know what I did wrong but boy am I glad it was only a demo account.

Be careful everyone, big lesson to learn, test on a demo before you go live on your account.

Andy
Attached File(s)
File Type: zip Statement.zip   7 KB | 653 downloads
  • #104
  • Mar 21, 2007 5:24pm Mar 21, 2007 5:24pm
Quoting else
I have been trying the Rhythm EA for a while with mixed results so I thought I would give the Daily Scalping another try. I looked for the latest version on this thread and downloaded it and dropped it on GBPJPY.

I expected it to open a trade at the new candle and I had to go out for a couple of hours so I left it to open a trade on its own.

Understatement, it has opened and closed hundreds, reduced my account from $4k to about $90.

Don’t know what I did wrong but boy am I glad it was only a demo account.

Be careful everyone, big lesson to learn, test on a demo before you go live on your account.

Andy

I believe version G has a glitch. Try version F............it is working fine for me.

Tim
  • #105
  • Mar 21, 2007 6:19pm Mar 21, 2007 6:19pm
Quoting else
I have been trying the Rhythm EA for a while with mixed results so I thought I would give the Daily Scalping another try. I looked for the latest version on this thread and downloaded it and dropped it on GBPJPY.

I expected it to open a trade at the new candle and I had to go out for a couple of hours so I left it to open a trade on its own.

Understatement, it has opened and closed hundreds, reduced my account from $4k to about $90.

Don’t know what I did wrong but boy am I glad it was only a demo account.

Be careful everyone, big lesson to learn, test on a demo before you go live on your account.

Andy
Same thing happened to me today. It kept opening & closing (same direction) and wiped out my demo as well. It only did this on one of the 4 currencies I was trading. :surprised Any ideas Skyline?
  • #106
  • Mar 21, 2007 8:02pm Mar 21, 2007 8:02pm
This is exactly what Rhythm did to my account. Never worked right. I am hoping this EA will be profitable. I would also never trade live with an EA unless I have enough proof that it does work in forward testing. I think skyline is trying hard to get us a good one going here. IMO
  • #107
  • Mar 22, 2007 3:45am Mar 22, 2007 3:45am
To all traders that are experience issue with previous version, please try in demo account latest v1.0h1 and report back if it's working fine.

Reminder : after EA is active on your chart do not touch anything in Metatrader otherwise could create problem with EA !!
  • #108
  • Mar 22, 2007 4:52am Mar 22, 2007 4:52am
Quoting skyline
To all traders that are experience issue with previous version, please try in demo account latest v1.0h1 and report back if it's working fine.

Reminder : after EA is active on your chart do not touch anything in Metatrader otherwise could create problem with EA !!
Hi Skyline,

It was your latest version as above, downloaded it yesterday. I left it on a daily chart and then went out. Nobody else touched my PC, guaranteed.

Wierd huh!

Andy
  • #109
  • Mar 22, 2007 6:00am Mar 22, 2007 6:00am
I am live with version h as of yesterday. It appears to be running fine. The only hitch that I saw was that it opened today in a sell order instead of a buy.

To protect my account I have not been using the MM feature and am only using 1% of my account balance entered manually.

The EA reversed itself and is now running in the proper direction.

yezbick
  • #110
  • Mar 22, 2007 6:29am Mar 22, 2007 6:29am
Hi,

I am demoing version "g" and it is working fine to me...I started this week though, so just tried 4 days...Is there anything I should be aware of?
Can anybody tell me what this version is doing wrong? I have no problem to switch to version "h" but I don't know if I should since I haven't had any trouble so far...
Any help?

Thanks
  • #111
  • Mar 22, 2007 6:30am Mar 22, 2007 6:30am
Quoting yezbick
I am live with version h as of yesterday. It appears to be running fine. The only hitch that I saw was that it opened today in a sell order instead of a buy.

To protect my account I have not been using the MM feature and am only using 1% of my account balance entered manually.

The EA reversed itself and is now running in the proper direction.

yezbick
which pair are you trading ?
  • #112
  • Mar 22, 2007 6:32am Mar 22, 2007 6:32am
Quoting toti1972
Hi,

I am demoing version "g" and it is working fine to me...I started this week though, so just tried 4 days...Is there anything I should be aware of?
Can anybody tell me what this version is doing wrong? I have no problem to switch to version "h" but I don't know if I should since I haven't had any trouble so far...
Any help?

Thanks
Don't use v1.0g it was really unstable with many bugs
  • #113
  • Mar 22, 2007 6:44am Mar 22, 2007 6:44am
Quoting skyline
which pair are you trading ?

I have been trading GBPJPY
  • #114
  • Mar 22, 2007 6:54am Mar 22, 2007 6:54am
Quoting ut2DaMax
This is exactly what Rhythm did to my account. Never worked right. I am hoping this EA will be profitable. I would also never trade live with an EA unless I have enough proof that it does work in forward testing. I think skyline is trying hard to get us a good one going here. IMO

I have been using Rythmn v2 for several weeks now and it appears to be running fine. I have been using it for the basic daily strategy without the TP and have been using the daily scalping for the TP strategy.

I like the way the daily scalping runs for the TP strategy. Skyline has done a great job in putting it together.

thanks Skyline for all your hard work.

yezbick
  • #115
  • Mar 22, 2007 7:03am Mar 22, 2007 7:03am
I have several demos of Skyline's Daily Scalping and several of Rhythm. For some reason I have a version of Rhythm that has not placed a trade since Monday. There's plenty of funds in the account, and I have smiley faces in the right hand corner. It's a mystery. Maybe if I disable it and enable it it will work again. Guess I should try that.

Quoting yezbick
I have been using Rythmn v2 for several weeks now and it appears to be running fine. I have been using it for the basic daily strategy without the TP and have been using the daily scalping for the TP strategy.

I like the way the daily scalping runs for the TP strategy. Skyline has done a great job in putting it together.

thanks Skyline for all your hard work.

yezbick
  • #116
  • Mar 22, 2007 7:16am Mar 22, 2007 7:16am
Quoting yezbick
I have been trading GBPJPY
Me too and sell was the right opening order today since the previous 3 days was all buy
  • #117
  • Mar 22, 2007 7:20am Mar 22, 2007 7:20am
Quoting skyline
Me too and sell was the right opening order today since the previous 3 days was all buy
Wow then you built it well. Runs according to the original tKimble daily system.

Thanks again Skyline.
  • #118
  • Mar 22, 2007 7:23am Mar 22, 2007 7:23am
Quoting yezbick
Wow then you built it well. Runs according to the original tKimble daily system.

Thanks again Skyline.
you're welcome yezbick
  • #119
  • Mar 22, 2007 10:07am Mar 22, 2007 10:07am
Quoting skyline
Don't use v1.0g it was really unstable with many bugs

and will switch to the latest to see how it works. I am not kidding or fibbing .... today og opened two orders instead of one ..... LOL .... It bothered me enough to remove the EA and sold for a profit manually on GBP/JPY.


Skyline thanks .... I will try the latest version. I have faith that this EA will work very well once all the kinks are worked out. I sure hope so as think is the one of the only EA's that can out-manouver the SHARKS! And they are dertermined to glean from every trader until they are flat broke! Thats why the Daily and Weekly systems shine. And tk, is the Master of winning, and knows just how to play ball with the Sharks and come out on top! IMO
  • #120
  • Mar 22, 2007 1:45pm Mar 22, 2007 1:45pm
Quoting skyline
...+ Add TrailingStop routine, if =0 Trailing is disable otherwise it will trail using TrailingStop pips...
Hi Skyline, great to see you're having fun creating another pipMachine : )

In the above post i'm unsure of what parameter you are indicating when you state "it will trail using TrailingStop pips" In the code of the latest v1.0h are the following to tweak:

extern double GMT_Shift = 3;
extern int TakeProfit = 200;
extern int StopLoss = 40;
extern int HourToCloseOrders = 17;
extern bool SundayCandleExists = false;
extern double Lots = 0.1;
extern bool UseMoneyManagement = true;
extern int Risk = 2;
extern int Slippage = 3;
extern int MaxLossesTradesPerDay = 2;
extern int TrailingStop = 0;


So i see where TrailingStop is but where is the "Pips" to set on the TS or is it the "StopLoss" that is doing double duty?

THX,
: ) Thom
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