The Scalpers Dream

I thought the EA might do this so I have been trading manually for a few hours per day only when I get the chance. I've been trading any pair that meets the criteria and has a reasonable spread.

I have only been trading with the trend. I've thrown out a bunch of .85 setups because the trend is down and vice versa. If there is no trend, I stand aside and wait for a trend.

In 2 days, I'm at 11 wins, 3 losses (2 in JPY pairs) and have 3 currently running with mixed results.

- Update: Those 3 ended up being 2 wins and 1 loss (1 in JPY pair). Now 13 wins, 4 losses.

Running total for the day (28/10/1010) 7W1L... seems to be working...

H

Keep in mind this is during what seems to be a trending market (for today). What will happen other days? Will have to see...

I set my EA on 5 pairs on my demo account last night and no trades were made. My EA is set to trade live and there is a on each chart so it should be working. The only thing I see different is that the color of the EA in the navigator window is gray instead of blue and yellow like the default EA's. Am I forgetting to do something?

No you didn't forget to do something because I don't get any trades also

i ran the EA for back test since jan 01 2010 till date for


GBPUSD. lot size 0.1

entry at 85/15, sl 15, tp 35 : initail amount 10000 usd, final amount 8612 usd


entry at 80/20, sl 15, tp 35 : initail amount 10000 usd, final amount 8198 usd


EURUSD lot size 0.1

entry at 80/20, sl 15, tp 35 : initail amount 10000 usd, final amount 10055 usd

todays operation..

not very bad!!

two other still running

http://gyazo.com/9a4aa491b44def3281f3d84a43a78fbb.png

I just backtested on EUR/USD and found that the EA settings are not set to backtest at the settings that the author of this thread wanted. When I backtested with entry @ 85/15 and sl 35, tp 15 the actual trades in the backtest were showing that the stops were stopped out at 55 pips and the take profits were taken at 25 pips. Once I realized this, I edited the EA to have a sl of 15 and tp of 5. This made it so the trades were actually like the author of this thread wanted. The results of that setup were horrible just as I suspected. You can't expect to have a winning strategy when the risk is twice the reward unless you are right most of the time.

How far does the testing allow the price to go from the big number before setting an order back toward it? If I understood Jaws I think he mentioned 40 pips.? I'm (forward) testing with 30 pips.

Please before speaking about EA failure, read all the posts and then, if you find a bug, let me see the error posting it as an image.
I'm sure there is some bug in the EA but not what you said to find.
It's unworthy repeating always the same thing.
Bye
Ek24

I post a screenshot of EA not taking trade, did you see it?

I've been talking to another programmer and this is what he came up with, it works a bit different and it's well documented and seems to test at 2 wins for every loss, but I don't know how to use the strategy tester that well so the data used was not updated. It arms at .65,.35
Check it out, see what you think.

Ok, let me write down the strategy used building the EA.

The Jaws810 strategy to enter the market is:
wait for the price to reach xxx50 then wait if the price reach xxx85 or xxx15 then open the order buy for xxx85 and sell for xxx15 with TP15 SL 35.
The EA strategy to enter is:
Look at the price, is the price between xxx85 and xxx86? look if there are the conditions bo buy; is the price between xxx15 and xxx14? look if there are the condition to sell;
What are the conditions to buy or sell?
In a bar in the past the price has passed the xxx50 level and not passed before the xxx00 level that is our target.
To avoid continuing opening orders (as the EA does the check every new tick) first controll that there are no orders open for the some Symbol (couple) and the same Magic Number.
Then i asked how to avoid the Broker StopHunting?
I put a fake SL and TP value at the moment of opening the order +20SL and +10TP just in case the platform goes down, or the computer brokes, or your wifi goes down or the hell... while the EA is continually trying to close your order at the specified SL and TP.

Actually i find a bug in the definition of starting point to buy or sell (xxx85 or xxx15) in the external variables Prezzo per Buy e Prezzo per Sell they must be between 10 and 99.

I am on work and i'll be late this evening (here in Italy time is 18:45) so i don't know if this night i'll have the energy to compute the promised timing
sorry

Ek24

As you can see in the report below, the winning trades only won 56% of the time which is pretty bad considering you are risking two times what you are expecting to profit. Trade this strategy long enough and your account will go to $0. I hope everyone realizes this and stops trading this system before it is too late.


Bars in test 27822
Ticks modelled 54605
Modelling quality n/a
Mismatched charts errors 0
Initial deposit 10000.00
Total net profit -197.17
Gross profit 261.80
Gross loss -458.97
Profit factor 0.57
Expected payoff -3.08
Absolute drawdown 224.77
Maximal drawdown 234.27 (2.34%)
Relative drawdown 2.34% (234.27)
Total trades 64
Short positions (won %) 32 (62.50%)
Long positions (won %) 32 (50.00%)
Profit trades (% of total) 36 (56.25%)
Loss trades (% of total) 28 (43.75%)
Largest
profit trade 15.00
loss trade -19.20
Average
profit trade 7.27
loss trade -16.39
Maximum
consecutive wins (profit in money) 6 (46.60)
consecutive losses (loss in money) 6 (-99.80)
Maximal
consecutive profit (count of wins) 46.60 (6)
consecutive loss (count of losses) -99.80 (6)
Average
consecutive wins 2
consecutive losses 2



1 2010.10.01 08:08 buy 1 1.00 1.36851 1.36501 1.37001 0.00 10000.00
2 2010.10.01 08:21 close 1 1.00 1.36946 1.36501 1.37001 9.50 10009.50
3 2010.10.03 22:42 buy 2 1.00 1.37852 1.37502 1.38002 0.00 10009.50
4 2010.10.04 00:02 close 2 1.00 1.37673 1.37502 1.38002 -17.97 9991.53
5 2010.10.05 04:51 buy 3 1.00 1.36850 1.36500 1.37000 0.00 9991.53
6 2010.10.05 04:52 close 3 1.00 1.36908 1.36500 1.37000 5.80 9997.33
7 2010.10.05 04:55 buy 4 1.00 1.36860 1.36510 1.37010 0.00 9997.33
8 2010.10.05 05:09 close 4 1.00 1.36699 1.36510 1.37010 -16.10 9981.23
9 2010.10.05 05:15 buy 5 1.00 1.36855 1.36505 1.37005 0.00 9981.23
10 2010.10.05 05:20 close 5 1.00 1.36699 1.36505 1.37005 -15.60 9965.63
11 2010.10.05 08:39 buy 6 1.00 1.37854 1.37504 1.38004 0.00 9965.63
12 2010.10.05 09:19 close 6 1.00 1.37662 1.37504 1.38004 -19.20 9946.43
13 2010.10.05 09:43 buy 7 1.00 1.37856 1.37506 1.38006 0.00 9946.43
14 2010.10.05 10:14 close 7 1.00 1.37699 1.37506 1.38006 -15.70 9930.73
15 2010.10.06 14:56 buy 8 1.00 1.38852 1.38502 1.39002 0.00 9930.73
16 2010.10.06 15:00 close 8 1.00 1.38905 1.38502 1.39002 5.30 9936.03
17 2010.10.07 07:38 buy 9 1.00 1.39856 1.39506 1.40006 0.00 9936.03
18 2010.10.07 07:50 close 9 1.00 1.39926 1.39506 1.40006 7.00 9943.03
19 2010.10.07 08:08 buy 10 1.00 1.39855 1.39505 1.40005 0.00 9943.03
20 2010.10.07 08:25 close 10 1.00 1.39695 1.39505 1.40005 -16.00 9927.03
21 2010.10.07 08:33 buy 11 1.00 1.39860 1.39510 1.40010 0.00 9927.03
22 2010.10.07 08:37 close 11 1.00 1.39702 1.39510 1.40010 -15.80 9911.23
23 2010.10.07 11:20 buy 12 1.00 1.39850 1.39500 1.40000 0.00 9911.23
24 2010.10.07 11:33 close 12 1.00 1.39909 1.39500 1.40000 5.90 9917.13
25 2010.10.07 11:44 buy 13 1.00 1.39857 1.39507 1.40007 0.00 9917.13
26 2010.10.07 12:07 close 13 1.00 1.39686 1.39507 1.40007 -17.10 9900.03
27 2010.10.07 15:08 sell 14 1.00 1.39140 1.39490 1.38990 0.00 9900.03
28 2010.10.07 15:25 close 14 1.00 1.39331 1.39490 1.38990 -19.10 9880.93
29 2010.10.08 08:21 sell 15 1.00 1.39149 1.39499 1.38999 0.00 9880.93
30 2010.10.08 08:22 close 15 1.00 1.39092 1.39499 1.38999 5.70 9886.63
31 2010.10.08 10:35 buy 16 1.00 1.38858 1.38508 1.39008 0.00 9886.63
32 2010.10.08 11:03 close 16 1.00 1.38939 1.38508 1.39008 8.10 9894.73
33 2010.10.08 13:12 buy 17 1.00 1.38854 1.38504 1.39004 0.00 9894.73
34 2010.10.08 13:13 close 17 1.00 1.38934 1.38504 1.39004 8.00 9902.73
35 2010.10.08 15:56 sell 18 1.00 1.39144 1.39494 1.38994 0.00 9902.73
36 2010.10.08 17:46 close 18 1.00 1.39077 1.39494 1.38994 6.70 9909.43
37 2010.10.08 18:46 sell 19 1.00 1.39145 1.39495 1.38995 0.00 9909.43
38 2010.10.08 18:53 close 19 1.00 1.39095 1.39495 1.38995 5.00 9914.43
39 2010.10.08 19:12 sell 20 1.00 1.39144 1.39494 1.38994 0.00 9914.43
40 2010.10.08 19:40 close 20 1.00 1.39309 1.39494 1.38994 -16.50 9897.93
41 2010.10.11 14:47 sell 21 1.00 1.39150 1.39500 1.39000 0.00 9897.93
42 2010.10.11 14:49 t/p 21 1.00 1.39000 1.39500 1.39000 15.00 9912.93
43 2010.10.12 06:23 sell 22 1.00 1.38145 1.38495 1.37995 0.00 9912.93
44 2010.10.12 06:33 close 22 1.00 1.38302 1.38495 1.37995 -15.70 9897.23
45 2010.10.12 06:42 sell 23 1.00 1.38143 1.38493 1.37993 0.00 9897.23
46 2010.10.12 06:48 close 23 1.00 1.38295 1.38493 1.37993 -15.20 9882.03
47 2010.10.12 08:26 sell 24 1.00 1.38144 1.38494 1.37994 0.00 9882.03
48 2010.10.12 08:34 t/p 24 1.00 1.37994 1.38494 1.37994 15.00 9897.03
49 2010.10.13 08:24 buy 25 1.00 1.39858 1.39508 1.40008 0.00 9897.03
50 2010.10.13 08:33 close 25 1.00 1.39926 1.39508 1.40008 6.80 9903.83
51 2010.10.13 08:49 buy 26 1.00 1.39856 1.39506 1.40006 0.00 9903.83
52 2010.10.13 08:58 close 26 1.00 1.39704 1.39506 1.40006 -15.20 9888.63
53 2010.10.13 09:03 buy 27 1.00 1.39859 1.39509 1.40009 0.00 9888.63
54 2010.10.13 09:08 close 27 1.00 1.39911 1.39509 1.40009 5.20 9893.83
55 2010.10.13 15:10 buy 28 1.00 1.39853 1.39503 1.40003 0.00 9893.83
56 2010.10.13 15:25 close 28 1.00 1.39701 1.39503 1.40003 -15.20 9878.63
57 2010.10.13 23:50 buy 29 1.00 1.39859 1.39509 1.40009 0.00 9878.63
58 2010.10.14 00:01 close 29 1.00 1.39932 1.39509 1.40009 7.10 9885.73
59 2010.10.14 02:18 buy 30 1.00 1.40850 1.40500 1.41000 0.00 9885.73
60 2010.10.14 02:33 close 30 1.00 1.40922 1.40500 1.41000 7.20 9892.93
61 2010.10.14 02:37 buy 31 1.00 1.40851 1.40501 1.41001 0.00 9892.93
62 2010.10.14 03:58 close 31 1.00 1.40691 1.40501 1.41001 -16.00 9876.93
63 2010.10.14 05:22 buy 32 1.00 1.40851 1.40501 1.41001 0.00 9876.93
64 2010.10.14 06:03 close 32 1.00 1.40676 1.40501 1.41001 -17.50 9859.43
65 2010.10.14 14:36 buy 33 1.00 1.40851 1.40501 1.41001 0.00 9859.43
66 2010.10.14 15:20 close 33 1.00 1.40686 1.40501 1.41001 -16.50 9842.93
67 2010.10.14 20:20 buy 34 1.00 1.40856 1.40506 1.41006 0.00 9842.93
68 2010.10.14 22:53 close 34 1.00 1.40686 1.40506 1.41006 -17.00 9825.93
69 2010.10.15 00:14 sell 35 1.00 1.40146 1.40496 1.39996 0.00 9825.93
70 2010.10.15 00:58 close 35 1.00 1.40322 1.40496 1.39996 -17.60 9808.33
71 2010.10.15 07:25 buy 36 1.00 1.40852 1.40502 1.41002 0.00 9808.33
72 2010.10.15 07:34 close 36 1.00 1.40700 1.40502 1.41002 -15.20 9793.13
73 2010.10.18 01:22 sell 37 1.00 1.39144 1.39494 1.38994 0.00 9793.13
74 2010.10.18 01:59 close 37 1.00 1.39015 1.39494 1.38994 12.90 9806.03
75 2010.10.18 16:18 buy 38 1.00 1.39854 1.39504 1.40004 0.00 9806.03
76 2010.10.18 17:02 close 38 1.00 1.39941 1.39504 1.40004 8.70 9814.73
77 2010.10.18 17:27 buy 39 1.00 1.39852 1.39502 1.40002 0.00 9814.73
78 2010.10.18 17:40 close 39 1.00 1.39918 1.39502 1.40002 6.60 9821.33
79 2010.10.18 17:52 buy 40 1.00 1.39860 1.39510 1.40010 0.00 9821.33
80 2010.10.18 18:34 close 40 1.00 1.39922 1.39510 1.40010 6.20 9827.53
81 2010.10.19 04:45 sell 41 1.00 1.39144 1.39494 1.38994 0.00 9827.53
82 2010.10.19 05:34 close 41 1.00 1.39074 1.39494 1.38994 7.00 9834.53
83 2010.10.19 10:13 sell 42 1.00 1.39140 1.39490 1.38990 0.00 9834.53
84 2010.10.19 10:19 close 42 1.00 1.39088 1.39490 1.38990 5.20 9839.73
85 2010.10.19 19:33 sell 43 1.00 1.37148 1.37498 1.36998 0.00 9839.73
86 2010.10.19 19:56 close 43 1.00 1.37324 1.37498 1.36998 -17.60 9822.13
87 2010.10.19 23:46 sell 44 1.00 1.37142 1.37492 1.36992 0.00 9822.13
88 2010.10.19 23:59 close 44 1.00 1.37039 1.37492 1.36992 10.30 9832.43
89 2010.10.20 04:14 buy 45 1.00 1.37859 1.37509 1.38009 0.00 9832.43
90 2010.10.20 05:27 close 45 1.00 1.37705 1.37509 1.38009 -15.40 9817.03
91 2010.10.20 06:53 buy 46 1.00 1.37856 1.37506 1.38006 0.00 9817.03
92 2010.10.20 07:13 close 46 1.00 1.37919 1.37506 1.38006 6.30 9823.33
93 2010.10.20 07:32 buy 47 1.00 1.37854 1.37504 1.38004 0.00 9823.33
94 2010.10.20 07:36 close 47 1.00 1.37918 1.37504 1.38004 6.40 9829.73
95 2010.10.21 17:52 sell 48 1.00 1.39142 1.39492 1.38992 0.00 9829.73
96 2010.10.21 17:53 close 48 1.00 1.39088 1.39492 1.38992 5.40 9835.13
97 2010.10.21 18:15 sell 49 1.00 1.39148 1.39498 1.38998 0.00 9835.13
98 2010.10.21 18:26 close 49 1.00 1.39301 1.39498 1.38998 -15.30 9819.83
99 2010.10.21 22:31 sell 50 1.00 1.39146 1.39496 1.38996 0.00 9819.83
100 2010.10.21 23:22 close 50 1.00 1.39318 1.39496 1.38996 -17.20 9802.63
101 2010.10.21 23:47 sell 51 1.00 1.39146 1.39496 1.38996 0.00 9802.63
102 2010.10.21 23:52 close 51 1.00 1.39070 1.39496 1.38996 7.60 9810.23
103 2010.10.22 15:07 sell 52 1.00 1.39150 1.39500 1.39000 0.00 9810.23
104 2010.10.22 15:48 close 52 1.00 1.39065 1.39500 1.39000 8.50 9818.73
105 2010.10.25 12:36 sell 53 1.00 1.40144 1.40494 1.39994 0.00 9818.73
106 2010.10.25 12:48 close 53 1.00 1.40084 1.40494 1.39994 6.00 9824.73
107 2010.10.25 13:09 sell 54 1.00 1.40148 1.40498 1.39998 0.00 9824.73
108 2010.10.25 13:15 close 54 1.00 1.40301 1.40498 1.39998 -15.30 9809.43
109 2010.10.25 13:31 sell 55 1.00 1.40143 1.40493 1.39993 0.00 9809.43
110 2010.10.25 13:36 close 55 1.00 1.40300 1.40493 1.39993 -15.70 9793.73
111 2010.10.25 23:13 sell 56 1.00 1.39142 1.39492 1.38992 0.00 9793.73
112 2010.10.25 23:50 close 56 1.00 1.39305 1.39492 1.38992 -16.30 9777.43
113 2010.10.26 12:14 sell 57 1.00 1.39141 1.39491 1.38991 0.00 9777.43
114 2010.10.26 12:17 close 57 1.00 1.39086 1.39491 1.38991 5.50 9782.93
115 2010.10.27 03:26 sell 58 1.00 1.38150 1.38500 1.38000 0.00 9782.93
116 2010.10.27 03:47 close 58 1.00 1.38099 1.38500 1.38000 5.10 9788.03
117 2010.10.27 03:54 sell 59 1.00 1.38149 1.38499 1.37999 0.00 9788.03
118 2010.10.27 04:03 close 59 1.00 1.38074 1.38499 1.37999 7.50 9795.53
119 2010.10.27 04:47 sell 60 1.00 1.38149 1.38499 1.37999 0.00 9795.53
120 2010.10.27 05:09 close 60 1.00 1.38309 1.38499 1.37999 -16.00 9779.53
121 2010.10.27 05:40 sell 61 1.00 1.38141 1.38491 1.37991 0.00 9779.53
122 2010.10.27 05:46 close 61 1.00 1.38086 1.38491 1.37991 5.50 9785.03
123 2010.10.27 05:58 sell 62 1.00 1.38146 1.38496 1.37996 0.00 9785.03
124 2010.10.27 06:08 close 62 1.00 1.38094 1.38496 1.37996 5.20 9790.23
125 2010.10.27 06:22 sell 63 1.00 1.38140 1.38490 1.37990 0.00 9790.23
126 2010.10.27 06:26 close 63 1.00 1.38084 1.38490 1.37990 5.60 9795.83
127 2010.10.27 11:08 sell 64 1.00 1.38142 1.38492 1.37992 0.00 9795.83
128 2010.10.27 11:16 close 64 1.00 1.38072 1.38492 1.37992 7.00 9802.83

In all fairness...
at a glance...
your backtest covers 64 trades?!

That is not nearly enough to make any statistically valid assumptions.

Even if you win 2 times for every loss, you still won't even be at break even if you are risking 35 pips to gain 15. Watch:

Trade one +15
Trade two +15
Trade three -35

Total = -5 pips loss.

You would have to trade at 70% accuracy just to be at break even. This means you would need to be right at least 75 - 80% of the time to even make the system worth trading.

ok. how many trades do you want me to make the report have? It's not going to change the win/loss percentage to make it over 70% winning trades which is what this strategy needs. I'll post another report with around 1000 trades in a few minutes.

(just the summary is fine, we don't need to see the trade entry and exits)

I have some methods currently that I am using, but I'm not going to consider success until 500 trades. I was going to wait for 1000 but "supposedly" the margin of error is only 1% smaller.

Don't dismiss high hit rate systems right away...

I personally think that this system will probably need "tweaking" so as to trade around more liquid trading times and avoiding Sunday evenings. But I have no research to back that up....

It certainly has an interesting thread...
Good Luck!

Still going manually. Missed a few as I was away from my desk, but here is an updated summary

10W1L

Must mention that whilst trading manually that I took profits when I felt that the price was not going in my favour. Left pips on the chart, but, still in the black for the day.

Will continue trying and see what happens moving forward.

Cheers

H

Looked at your performance portfolio, do you have a thread sharing your method?

Maybe a smaller stop. The question is does the price really gravitate around the big numbers? Then the concept is sound but not the RR.