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  • #161
  • Aug 25, 2011 3:10pm Aug 25, 2011 3:10pm
Quick question, what is the pip spead with your broker on the eu/usd?
That would also make a difference in results.

Thanks
  • #162
  • Aug 25, 2011 8:06pm Aug 25, 2011 8:06pm
Very interesting thread!
  • #163
  • Aug 25, 2011 8:32pm Aug 25, 2011 8:32pm
Do you find the xM5 indicator from this forum to be an accurate assessment of the signals?
  • #164
  • Aug 26, 2011 2:04am Aug 26, 2011 2:04am
Quoting brousse
Quick question, what is the pip spead with your broker on the eu/usd?
That would also make a difference in results.

Thanks
Of course it does. My typical spread on Eur/Usd is 1.6 pips. That's the reason why sometimes don't go for the spread on profit taking, instead on the next order I calculate my lot size to compensate those points.
  • #165
  • Aug 26, 2011 2:49am Aug 26, 2011 2:49am
Quoting cmac0351
Do you find the xM5 indicator from this forum to be an accurate assessment of the signals?
I think it is but I donīt use it, I don't like all the arrows on my charts...
  • #166
  • Aug 26, 2011 2:50am Aug 26, 2011 2:50am
Quoting plig
Very interesting thread!
Welcome aboard!
  • #167
  • Aug 26, 2011 5:38am Aug 26, 2011 5:38am
Hi,
I now what the problem may be. As discovered previously and tested again with your results from yesterday. This time I was forward testing on demo but also monitoring signals on live account and this is the difference. I have exactly the same results as you based on signals from live account. But demo has got one difference which changes results. I assume this is one of the problems regarding different results. Another thing xM5-Scalper shows bad results it moves order signal above real entry when testing with historical data and because of that doesnt hit TP correctly. Also it uses pips not account %. I am still testing it on demo for forward testing maybe wrong results affect only historical data.

Question to master of the method - you use % of your account, how do you do that ? Any indicator or process how you do that ?

Thx again and looking forward session with you.


Quoting 0002097
Today 8 wins and 3 losses. 5 profit units, +15%
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  • #168
  • Aug 26, 2011 6:27am Aug 26, 2011 6:27am
Quoting lizu
Hi,
I now what the problem may be. As discovered previously and tested again with your results from yesterday. This time I was forward testing on demo but also monitoring signals on live account and this is the difference. I have exactly the same results as you based on signals from live account. But demo has got one difference which changes results. I assume this is one of the problems regarding different results. Another thing xM5-Scalper shows bad results it moves order signal above real entry when testing with historical data and because of...
Hi Lizu, good morning! Yes, differences between demo and live price feeds really matter with this system, I only backtested and traded on live accounts so my results may be different from others trading the same system.
As for the EA you mention, I only saw it trading once, it didn't convince me so I never tested it as it should. It as to be more flexible in terms of parameters and actually trade by the rules. Maybe we can get the attention of some experienced coder who's willing to help us develop this system. For now I trade it manually wish is pretty hard and time consuming.
As for you question I do all my calculations manually or mentally but if you take look some pages ago, someone posted a nice tool where you chose your % to risk move some lines (tp, sl and open price) and set the order to go.
  • #169
  • Aug 26, 2011 9:55am Aug 26, 2011 9:55am
Thank You for your reply,
hopefully you will post your results today if you are trading .
  • #170
  • Aug 26, 2011 2:49pm Aug 26, 2011 2:49pm
28-08-2011
4 wins and 3 losses (+3%)
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  • #171
  • Aug 29, 2011 2:03pm Aug 29, 2011 2:03pm
Very intersting scalping system...thanks for sharing.

One question: in the attached, your original buy entry understood, but let's say, I couldn't catch it, can I enter the next buy signal shown in the circle?
Attached Image
  • #172
  • Aug 29, 2011 5:38pm Aug 29, 2011 5:38pm
Quoting fchaman
Very intersting scalping system...thanks for sharing.

One question: in the attached, your original buy entry understood, but let's say, I couldn't catch it, can I enter the next buy signal shown in the circle?
Well, when I can't enter on the right candle I don't take anymore signals until the trade I should have taken hit my imaginary sl or tp but just because I've tested it like that. And, if it isn't broken why fix it.

Today was a bad day, 11 losses and only 3 wins = -24%. I think it is big but acceptable, if you're risking 3% of your equity on each trade. Returns exceed the losses on the long term.

If you noticed the indicator was fooling us all day long, there's lot's of room for improvement here. I've been testing MACD 12,26,0 taking shorts when it's value decreases and longs when it's increasing, or longs when positive, shorts when negative, it's a work in progress...
  • #173
  • Aug 29, 2011 5:46pm Aug 29, 2011 5:46pm
As you can see MACD is much more fast to react, it seams more accurate but the backtesting is still a work on progress.
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  • #174
  • Aug 29, 2011 8:10pm Aug 29, 2011 8:10pm
Here is a screenshot of one of my favorite indicators, bbands stop. Perhaps I will test taking only longs when blue and shorts when red.

btw, i can't seem to get the script working that you linked to recently, it doesn't set any pending orders for me.

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  • #175
  • Aug 30, 2011 1:54am Aug 30, 2011 1:54am
I also like Bbands. What setting are you using - looks like about 21? Thanks.
  • #176
  • Aug 30, 2011 2:03am Aug 30, 2011 2:03am
I am more of a trend trader, and who knows i might need some scalping strategies?

How do I use bbands, are they bollinger bands but with a different look? Are they similar to Parabolic SAR and Heiken Ashi sort of thing?

Please explain, i need some knowledge of scalping

Thanks
Have I got something on my face, SOLDIER?
  • #177
  • Aug 30, 2011 2:59am Aug 30, 2011 2:59am
Quoting cmac0351
Here is a screenshot of one of my favorite indicators, bbands stop. Perhaps I will test taking only longs when blue and shorts when red.

btw, i can't seem to get the script working that you linked to recently, it doesn't set any pending orders for me.

Attachment
Show us your results then!
  • #178
  • Aug 30, 2011 3:58am Aug 30, 2011 3:58am
with the way brokers opperate, i'm not sure i can understand how someone can be profiitable scalping in this business where brokers use the virtual dealer plugin that has been in the news
  • #179
  • Aug 30, 2011 5:22am Aug 30, 2011 5:22am
Hi,
I am working on EA which was applied to the thread. I also got some issue i wanted to ask "master of the technique" If the range of the signal bar is too small and obviously we can not take this trade are you taking first next available signal or as you said recently ( i just read your update) you skip all the signals within this imaginary trade until its finished ?

And is it always the case - so rule ?

I also try to add some other indicators like fisher_your4ki but this one repaints so EA has to be ready first before tests.
  • #180
  • Aug 30, 2011 6:10am Aug 30, 2011 6:10am
Quoting lizu
Hi,
I am working on EA which was applied to the thread. I also got some issue i wanted to ask "master of the technique" If the range of the signal bar is too small and obviously we can not take this trade are you taking first next available signal or as you said recently ( i just read your update) you skip all the signals within this imaginary trade until its finished ?

And is it always the case - so rule ?

I also try to add some other indicators like fisher_your4ki but this one repaints so EA has to be ready first before tests.
Yes I do, but that's just because this is the way I conducted my manual backtest, if you're working on the EA you could add a option to test this aspect.

I have been trying to implement MACD and the Slope direction line as main indicators as well mybe you can add then to the EA...
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