The Scalpers Dream

are you trading 1 min or 5min?

It doesn't matter which chart you use, you just wait for the price to cross 1.**50 then place orders at the 1.**15 and 1.**85 with a TP at 1.**00 and SL at 1.**50. no indicators required just place the orders and wait for the trade.

Very well done

Can you tell us all, please, are you using the same entry triggers and SL settings across these pairs?
Thx.

Just an observation: I would always set a SL when using an EA.
If your system goes down (power outage, kids pour Coke into the keyboard) your trades remain safe according to the trading plan.

If I ever found an EA that was good enough to run 24/7 and trade without being monitored I'd have to eliminate that problem with a VPS with multiple backups.

....aaaaahh.... cloud computing!

So here the EA Scalper Dream version 0.1

//+------------------------------------------------------------------+
//| Scalper Dream v0.1.mq4 |
//| Copyright 2010, Ek24 |
//| |
//| ----- Based on Scalper Dream by Jaws810 ----- |
//| |
//| Gli ordini aperti hanno uno stop loss dato al server del broker |
//| aumentato di 20 rispetto al normale, ed un take profit aumentato |
//| di 10 |
//| ------------------------------------------------ |
//| Every order has a pre-defined StopLoss equal to Stop_Loss+20 |
//| and a TakeProfit equal to Take_Profit+10 |
//| |
//+------------------------------------------------------------------+
#property copyright "Copyright 2010, Ek24"
#property link "[email protected]"
//---- input parameters
extern int NumeroMagico = 123456789; //This is the magic number
extern int Prezzo_per_Buy = 85; //The starting point to buy
extern int Prezzo_per_Sell = 15; //The starting point to sell
extern int Take_Profit = 15;
extern int Stop_Loss = 35;
extern double Lotti = 0.1; //Lots
extern bool Messaggi = false; //The debug print activation
//---- global parameters DON'T TOUCH THESE
double PrezzoIniziale=0, Variazione=0;
int Prezzo_Direzionale = 50;
double Moltiplicatore=0;
int Conteggio=0, Passo=0;
string LF="n", Commento="", TipoOrdine="";
double PrezzoBase=0, PrezzoBuy=0, PrezzoSell=0, GoOrder=0, StopBuy=0, StopSell=0;
//+------------------------------------------------------------------+
//| Calcola il prezzo iniziale |
//+------------------------------------------------------------------+
double CalcolaPrezzoIniziale()
{
double Prezzo=(Ask+Bid)/2;
//if (Messaggi) Print("Salvato prezzo iniziale a ", Prezzo);
return(Prezzo);
}
//+------------------------------------------------------------------+
//| Cerca Ordini Aperti -- Looking for Opened orders for the Symbol |
//+------------------------------------------------------------------+
int CercaOrdiniAperti(string symbol)
{
int buys=0,sells=0;
//----
for(int i=0;i<OrdersTotal();i++)
{
if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES)==false) break;
if(OrderSymbol()==Symbol() && OrderMagicNumber()==NumeroMagico)
{
if(OrderType()==OP_BUY) buys++;
if(OrderType()==OP_SELL) sells++;
}
}
//---- restituisce il numero degli ordini
if(buys>0) return(buys);
else return(-sells);
}

//+------------------------------------------------------------------+
//| Cerca le condizioni di Apertura -- Looking for opening condition |
//+------------------------------------------------------------------+
void CercaApertura()
{
int res;
double SL=0, TP=0;
int Check = 0;
int Barra = 0;
int Apri = 0;
if ( (Ask>=PrezzoBuy) && (Ask<=(PrezzoBuy+1/Moltiplicatore)) ) {
if (Messaggi) Print("Cerco Apertura in buy");
while (Check==0) {
Barra++;
if (High[Barra]>StopBuy) {
Check = 1;
} else {
if (Low[Barra]<=GoOrder) {
Check = 1;
Apri = 1;
}
}
}
if (Apri == 1) {
SL=Ask-((Stop_Loss+20)/Moltiplicatore);
TP=Ask+((Take_Profit+10)/Moltiplicatore);
res=OrderSend(Symbol(),OP_BUY,Lotti,Ask,5,SL,TP,"",NumeroMagico,0,Green);
if(Messaggi==True) Print("Apertura in BUY - Prezzo: "+Ask+" - SL: "+SL+" - TP: "+TP);
return;
}
}
if ( (Bid>=(PrezzoSell-1/Moltiplicatore)) && (Bid<=PrezzoSell) ) {
if (Messaggi) Print("Cerco Apertura in Sell");
Check = 0;
Barra = 0;
Apri = 0;
while (Check==0) {
Barra++;
if (Low[Barra]<StopSell) {
Check = 1;
} else {
if (High[Barra]>=GoOrder) {
Check = 1;
Apri = 1;
}
}
}
if (Apri == 1) {
SL=Bid+((Stop_Loss+20)/Moltiplicatore);
TP=Bid-((Take_Profit+10)/Moltiplicatore);
res=OrderSend(Symbol(),OP_SELL,Lotti,Bid,5,SL,TP,"",NumeroMagico,0,Red);
if(Messaggi==True) Print("Apertura in SELL - Prezzo: "+Bid+" - SL: "+SL+" - TP: "+TP);
return;
}
}
}
//----Fine CercaApertura
//+-------------------------------------------------------------------+
//| Cerca di chiudere gli ordini aperti -- Looking for closing orders |
//+-------------------------------------------------------------------+
void CercaChiusura()
{
//---- go trading only for first tiks of new bar
// if(Volume[0]>1) return;
double SL=0, TP=0;
string Comm="";
for(int i=0;i<OrdersTotal();i++)
{
if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES)==false) break;
if(OrderMagicNumber()!=NumeroMagico || OrderSymbol()!=Symbol()) continue;
//---- check order type
if(OrderType()==OP_BUY)
{
SL=OrderOpenPrice()-(Stop_Loss/Moltiplicatore);
TP=OrderOpenPrice()+(Take_Profit/Moltiplicatore);
//Print("Ordine in BUY "+OrderTicket()+" | Prezzo: "+Bid+" | TP: "+TP+" | SL: "+SL+" | Apertura: "+OrderOpenPrice());
if(TP<=Bid)
{
OrderClose(OrderTicket(),OrderLots(),Bid,5,Green);
Comm="Ordine BUY "+OrderTicket()+" chiuso con guadagno | TP: "+TP+" | Prezzo: "+Bid+" | Apertura: "+OrderOpenPrice();
if(Messaggi==True) Print(Comm);
Commento=Commento+Comm;
break;
}
if(SL>=Bid)
{
OrderClose(OrderTicket(),OrderLots(),Bid,5,Blue);
Comm="Ordine BUY "+OrderTicket()+" chiuso in Perdita - SL: "+SL+" - Prezzo: "+Bid+" | Apertura: "+OrderOpenPrice();
if(Messaggi==True) Print(Comm);
break;
}
}
if(OrderType()==OP_SELL)
{
SL=OrderOpenPrice()+(Stop_Loss/Moltiplicatore);
TP=OrderOpenPrice()-(Take_Profit/Moltiplicatore);
//Print("Ordine in SELL "+OrderTicket()+" | Prezzo: "+Ask+" | TP: "+TP+" | SL: "+SL+" | Apertura: "+OrderOpenPrice());
if(TP>=Ask)
{
OrderClose(OrderTicket(),OrderLots(),Ask,5,Red);
Comm="Ordine SELL "+OrderTicket()+" chiuso con guadagno - TP: "+TP+" - Prezzo: "+Ask+" | Apertura: "+OrderOpenPrice();
if(Messaggi==True) Print(Comm);
break;
}
if(SL<=Ask)
{
OrderClose(OrderTicket(),OrderLots(),Ask,5,Blue);
Comm="Ordine SELL "+OrderTicket()+" chiuso in Perdita - SL: "+SL+" - Prezzo: "+Ask+" | Apertura: "+OrderOpenPrice();
if(Messaggi==True) Print(Comm);
break;
}
}
}
}
//----Fine CercaChiusura
//+------------------------------------------------------------------+
//| Start function |
//+------------------------------------------------------------------+
void start()
{
PrezzoIniziale = CalcolaPrezzoIniziale();
// Per aggiungere o sottrarre un pip ad un prezzo utilizziamo un moltiplicatore
if (Digits != 4) {
Moltiplicatore = MathPow(10,(Digits-1));
} else {
Moltiplicatore = MathPow(10,Digits);
}
double Prezzo = PrezzoIniziale*Moltiplicatore;
//Adesso dobbiamo cercare il xxx50 più vicino
PrezzoBase = MathFloor(PrezzoIniziale*Moltiplicatore/100);
PrezzoBuy = ((PrezzoBase*100)+Prezzo_per_Buy)/Moltiplicatore;
PrezzoSell = ((PrezzoBase*100)+Prezzo_per_Sell)/Moltiplicatore;
GoOrder = ((PrezzoBase*100)+Prezzo_Direzionale)/Moltiplicatore;
StopBuy = ((PrezzoBase+1)*100)/Moltiplicatore;
StopSell = (PrezzoBase*100)/Moltiplicatore;

string Commento="Prezzo Iniziale: "+PrezzoIniziale+LF+"Prezzo: "+Prezzo+LF+"Moltiplicatore: "+Moltiplicatore+LF;
Commento=Commento+"PrezzoBase: "+PrezzoBase+LF+"PrezzoBuy: "+PrezzoBuy+LF+"PrezzoSell: "+PrezzoSell+LF;
Commento=Commento+"GoOrder: "+GoOrder+LF+"StopBuy: "+StopBuy+LF+"StopSell: "+StopSell+LF;
int nOrdini=CercaOrdiniAperti(Symbol());
if(nOrdini==0) {
CercaApertura(); //Look for Opening
} else {
CercaChiusura(); //Look for Close
}
Comment(Commento);

//----

}
//+------------------------------------------------------------------+

im following jaws's setup to enter at 1.xx15 or 1.xx85 and 15TP at the 'big number' with a 30SL

latest update, hit by 3 SL near NY closing

the 3 loses
long : EUR/CHF
short : AUD/USD, GBP/USD

overall : 5W4L

i saw one GBPUSD long failure. entry 1.5885, tp 1.59, this just went up to 1.5897 before hitting SL

did u take this ?

thanks for the EA, i have loaded this on EU. Do i need to enter 15 or 150 for TP ? i have a 5 dig broker. also its better this EA is attached, copy paste gave me munch of compilation errors which i fixed manually. some extra spaces are coming in copy paste

I already asked if i must stop the EA during weekend eg. using external variable like startday, endday, starthour, endhour.
Also i asked if i must check for the ATR, to limit the EA during low volatility and got no response.
Please post your testing result so all can benefit.
The next update for the EA is the trading hours.
And this time i'll attach the EA as an .mt4 file.

I already added a false Take Profit and Stop Loss for the Broker (SL+20 and TP+10).

Bye
Ek24

You don't need any adjustment for the Broker Digits, i already calculate them in the EA. If you want a TP of 15 pip simply write 15.
Bye
Ek24.

Sorry, i just got a bug.
For Now Prezzo_per_Buy and Prezzo_per_Sell must be >=10 and <=99.
This evening (i'm in Italy) i'll adjust the Ea and post the new version.
Bye all,
Ek24

Yes, we need to be able to choose how long before close and after open the EA will be disarmed, at the end of the week I like to quit trading around 3PM EST and begin around 6PM EST so all trades are closed over the weekend and none are opened during the first hour of trading on Sunday night.
No indicators are necessary I looked at several compared to when the system had recent wins and losses and there is no correlation between volume and weather the system will win or lose.

I just picked a Euro win and last night I got some AU/USD pips.

I changed my strategy a bit, I now only place 3 orders per currency at the current 1.**00 and one above and one below. I am doing this on 5 pairs ATM so I can get more action. Eur/USD, GBP/USD, AUD/USD, USD/JPY and USD/CHF

For the time you must specify GMT Time and not local Time. The mt4 language use this time, and cause i'm italian, please write me down the GMT time conversion.
No indicators using the volume are really effective in the Forex Trading as the volume are always referred to the broker and not to all the market, causing them to be unuseful.
I was thinking about ATR, that is the Average of the difference between High and Low of the n previous bar, but if you say no indicators then no indicators.
Ek24.

Just picked up another +15 on cable, off to adjust my trades

About timing:
1) We need a hard coded start and stop for the week (eg. start at 23GMT on Sunday and stop at 21GMT on Wednesday) to close the opened orders.
2) We need 5 variable to specify startDay and stopDay, startHour and stopHour and a repeatHour variable. This way if i flag the repeatHour variable the starHour and stopHour will be applied to all day between startDay and stopDay, if i don't flag, they simply change the value of the hard-code start and stop

Eg.
HCstartDay = 0 (Sunday) - HCstartHour = 23
HCstopDay = 5 (Wednesday) - HCstopHour = 22
startDay = 1 (Monday) - startHour = 8
stopDay = 5 (Wednesday) - stopHour = 21

if repeatHour = true
the EA will be quiet from the 21GMT to 8GMT of every day from Monday to Wednesday

if repeatHour = false
the EA will be quiet from 21GMT on Wednesday till 8GMT on Monday

Do you Agree?

You mean Friday right? The EA should remain active from Monday 11:00 GMT till Friday 19:00 GMT

This is a good point. Also it might automatically address those pairs where the price range is reduced, such as $/Y.


I think you mean from Sunday 23:00 GMT, Monday 11:00 GMT is nearly lunch time half way through the London session.