EA for scalping

Hey Bney and others,

What time frame needs to be used here and is it ok with a 5 digit broker?

Thanks for this EA.

this ea dont have any trade in my fxdd demo.. what wrong with this?

I have an fxdd demo running and its trading.
Here are the settings I am using, Paste this into a
.set file and save it in your presets folder.

I have it running on the GBPUSD pair on an H1 setting, but it will trade any pair on any time frame. You should run backtests to see what it does on different pairs and timeframes. It trades more often on shorter timeframes,

V=V2.0
S0=---------------- Highest Lowest Settings
UseHL=1
HLTimeFrame=15
HLPeriod=5
HLMargin=5
HLExit=0
HLExitMargin=5
S1=---------------- 3 ZZ Level Semafor Settings
UseSemafor=1
SemaforTF=60
ExtDepth1=5
ExtDeviation1=5
ExtBackstep1=3
ExtDepth2=13
ExtDeviation2=5
ExtBackstep2=3
ExtDepth3=34
ExtDeviation3=5
ExtBackstep3=3
Shift=0
S2=---------------- Money Management
Lots=0.10000000
RiskMM=0
RiskPercent=1.00000000
Martingale=0
Multiplier=2.00000000
MinLots=0.01000000
MaxLots=100.00000000
S3=---------------- Order Management
MaxTradePerBar=1
StopLoss=50
TakeProfit=5
HideSL=0
HideTP=1
TrailingProfit=0
TrailingStop=0
TrailingStep=0
BreakEven=0
MaxOrders=100
MultipleOrdersPerSignal=0
Slippage=3
Magic=2009
S4=---------------- MA Filter
MAFilter=0
MAPeriod=20
MAMethod=0
MAPrice=0
S5=---------------- Time Filter
TradeOnSunday=1
MondayToThursdayTimeFilter=0
MondayToThursdayStartHour=0
MondayToThursdayEndHour=24
FridayTimeFilter=0
FridayStartHour=0
FridayEndHour=21
CloseOutSide=0
S6=---------------- Extras
CloseAtOpposite=0
Hedge=0
HedgeSL=0
HedgeTP=0
ReverseSystem=0

there is no .set file on my preset folder

Then create one. This is where you can store setting files that you load into your ea's. Create a dtb.set in the experts/presets folder and load it up when you launch the EA.

@ Bney , have you been trading live with this? or did so?
What are your findings?

This is in fact a sexy EA. Ranging markets are smothered to death by this.
IMO with some changes or kinda of exceptions, this can be used for minting nicely.

Regards

I have traded it live. It did however have a tendancy to leave some trades behind when the market took off in one direction. The results were not pretty. The trick is obviously to stoploss appropriately. This guy is killer on a ranging market, on a trending market, not so much.

I am not trading it live right now. I actually haven't been working on this EA for a few months. I have been writing a comprehensive Ichimoku trader and that has been taking most of my free coding time.

However, if you have some suggestions for this EA, I can put some attention back to it and see if we can make it better.

this EA is dangerous, although it backtested amazingly, but in the end if you will notice it uses some sort of martingale strategy and eventually blow up your account... It can go like a Boomerang which nets you many profits but you will not notice when it suddenly comes back and hits you with a death blow. I have 2 live accounts got blowed up by this, even with 0.01 lots. Manual trading with this EA (manual stop loss or TP) is not going to help either because you will lose your more than you won if you close them manually.

And regardless how many number of order you set for this EA, you will notice that some trades will never reach the TP level instead it will go far away from the target and finally hit margin call.

One word: AVOID

Are you sure you are using the proper settings?

Also, it is paramount that the market you trade in is ranging and not trending.

I am considering giving this EA a try, but I would love to hear if any one else has had any success recently with this EA?

I think this expert advisor very close to Stomper. But I prefer TFOT

Was there any improvement or updates took place for this EA? Or its no more useful?

Hi

Can you maka an EA of SuperTrend with 10 atr 3 and hieken ashi. when supertrend gives down indication and hieken turns down second time on pull back gives signal and buy exactly opposite. in short pull back trade on supertrend indicator.

it wil nt work tht way..bcoz u r a perfect BULL