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Random Auto Scalping to Profits

  • #21
  • Aug 29, 2009 1:45pm Aug 29, 2009 1:45pm
Dr Zeus's idea of a trading grid would do the work of a Martingale EA, but with a lot more time involved with all the custom settings. A Martingale EA set for a TP of just 2 or 3 pips and a SL of 10/12 pips would do the same work with a fraction of the time invested.

So taking the idea behind this thread to the logical conclusion, a Martingale EA programmed to turn itself off and on randomly throughout a session (and programmed to avoid certain "hot spots") should provide close to the same trading style that Dreamliner started with, but do so automatically.
" Average traders look to the left, great traders look to the right."
  • #22
  • Aug 29, 2009 7:55pm Aug 29, 2009 7:55pm
Thank you for your post.

GE.
Some pursue happiness, others create it.
  • #23
  • Aug 30, 2009 5:56pm Aug 30, 2009 5:56pm
As a follow up, I want to say that I don't think this will work long term. I had tried something similar as a noob trader - setting a tight grid with a TP that "can't miss" and a SL well out of the range.

Somehow, price managed to trigger all of entries - and my SL's, without hitting my TP. Go figure how that happened.

Granted, my TP wasn't 1 pip, it was more like 10, with a 20-25 pip SL. And I was using GBPJPY, so maybe my example doesn't totally match up. Could be that a pair like EURUSD would behave better, but I'd still expect to see wide spreads as soon as price starts moving through the grid - just wide enough to trigger the SL.
  • #24
  • Sep 3, 2009 6:48pm Sep 3, 2009 6:48pm
So it turns out you can't have entries every pip, since you get a NSF and the trade won't place. I didn't use a smaller lot size, may try that next.

I also tried gridding trades every 3 pips, this way I'd only have one "dangler."

I first using 10 pip SL and $20,000 entries, but that kept hitting the SL even in a good trend so I used 20 pip SL and $10,000 entries. This worked well, but the dangler needs a 60 pip trend to make up for the loss.

I still think Dreamliner's results were a fluke, but maybe I'm wrong since I didn't try that. I hope you've given it a shot this week and can provide results.
  • #25
  • Sep 3, 2009 6:51pm Sep 3, 2009 6:51pm
Quoting dr_zeus
So it turns out you can't have entries every pip, since you get a NSF and the trade won't place....
Results were indeed a fluke. I have lost twice this week and have only one 10 times. What was I thinking? Sheesh, don't trade this way!
  • #26
  • Sep 3, 2009 10:59pm Sep 3, 2009 10:59pm
Quoting Dreamliner
Results were indeed a fluke. I have lost twice this week and have only one 10 times. What was I thinking? Sheesh, don't trade this way!
  • #27
  • Sep 4, 2009 4:22pm Sep 4, 2009 4:22pm
Quoting Dreamliner
Results were indeed a fluke. I have lost twice this week and have only one 10 times. What was I thinking? Sheesh, don't trade this way!
OK, nice win ratio, but isn't your SL/TP-10/1? So even with your high win ratio you're still at least -10 pips for the week with this system. How can this be considered a good thing?
" Average traders look to the left, great traders look to the right."
  • #28
  • Sep 4, 2009 5:50pm Sep 4, 2009 5:50pm
Dreamliner was being serious
  • #29
  • Sep 4, 2009 5:54pm Sep 4, 2009 5:54pm
Quoting Bobcat2
Dreamliner was being serious
Absolutely serious. This thread needs to die! I know better than this, I guess I was temporarily insane.
  • #30
  • Sep 4, 2009 6:47pm Sep 4, 2009 6:47pm
Quoting Dreamliner
Absolutely serious. This thread needs to die! I know better than this, I guess I was temporarily insane.
made me laugh =P im going to try it anyway with my tiny oanda experiment account. by taking only trades with the trend maybe i will have a better win/loss ratio.

taking purely random trades sounds like finger nails on a chalk board, fascinating thread tho =p
  • #31
  • Jan 18, 2010 12:29pm Jan 18, 2010 12:29pm
Sup Dreamliner,

U stay in this method of trading ? Any feedback ?

Regards
Ludo.
  • #32
  • Jan 20, 2010 2:07pm Jan 20, 2010 2:07pm
Quoting surfeur
Sup Dreamliner,

U stay in this method of trading ? Any feedback ?

Regards
Ludo.
Quote
Absolutely serious. This thread needs to die! I know better than this, I guess I was temporarily insane.

....Or

.....you could have read the WHOPPING 3 pages and found out that

this thread has been dead for 4 1/2 months and Dreamliner shunned the system!

DO YOU TRADE THAT ASLEEP @ THE WHEEL!

WAKE UP!
  • #33
  • Jan 20, 2010 4:51pm Jan 20, 2010 4:51pm
Did anyone code one of these in the end? Ive been searching for an EA that would have exactly the same function.
The greatest force on earth is compound interest.
  • #34
  • Jan 20, 2010 11:33pm Jan 20, 2010 11:33pm
system doesnt work sorry lol first 3 try , losts . your bound to lose with this risk / reward . sorry :/
  • #35
  • Jan 20, 2010 11:59pm Jan 20, 2010 11:59pm
This is a great system.






If your smok`n crack.
  • #36
  • Jan 21, 2010 6:41am Jan 21, 2010 6:41am
I don't see anything wrong with doing this on more volatile pairs around the psych levels at busiest times of day with a larger TP.
The greatest force on earth is compound interest.
  • #37
  • Last Post: Nov 8, 2012 8:10pm Nov 8, 2012 8:10pm
  •  denozi
  • | Joined Aug 2012 | Status: trade with Patient & Discipline | 82 Posts
Dear Sir,
I am really a new! but this must be a good to be tried. I will see the out put of your professional idea. Thks lot for sharing and hoping you a great success always.

DenOzi FX

Quoting Dreamliner
Greetings all,

I've learned so much through these boards at Forex Factory. My best system so far has been the correlation hedge strategy that I'm still trading successfully.

I want to introduce a new method that has been very profitable for me for the past week. I know that is not a long time, but you have to start somewhere.

As are all my systems, this one is extremely easy to implement, does not require any monitoring of the market, and I've been increasing my account by at at least 2% per day with it.

Here it is:

Pairs:

Only EUR/USD...
I am a new 2 Forex- Your help would be greatly appreciated
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