Alex: another scalping auto-trader by SteveHopwood | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another Day, Another Chair, Another Day in the Office 203 replies

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Random Auto Scalping to Profits 36 replies

SteveHopwood EAs 4 replies

Attachments: Alex: another scalping auto-trader by SteveHopwood
Exit Attachments

Alex: another scalping auto-trader by SteveHopwood

  • #1
  • First Post: Edited Sep 27, 2011 4:51pm Sep 24, 2011 10:01am | Edited Sep 27, 2011 4:51pm
SERIOUS WARNING

 

  1. Most Forex traders lose all their money.
  2. Using the robot posted here in trading Forex does not guarantee success.
  3. Trading this robot could lead to serious financial loss.
  4. Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
  5. This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
  6. At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
  7. To trade this robot, you also have to understand:

    1. How to use EA's.
    2. MACD.
    3. Parabolic Stop and Reverse.




DO NOT USE THIS EA ON A LIVE ACCOUNT. IT IS EXPERIMENTAL.


winsteadglenn contacted me about this thread: http://forex-strategies-revealed.com...g/5pips-gbpusd. Glenn had done some work on the strategy and found it promising.


We have collaborated this week in developing the EA. For me, the results are mixed; Glenn appears to be having a ball. Having started a fresh demo on Friday after clearing up a few bugs, the account finished up about 0.25%. If I could achieve this every day, it would be a pleasant boost the the account funds. We shall see.

Everything you need to know is in the attached pdf.

Have fun.






Matters of general interest



Read this post:
http://www.forexfactory.com/showthre...11#post4923611 Newbie traders, read this for inspiration and warning. Those of you who have suffered losses, read it for inspiration.
Masterly summary of hedging: http://www.forexfactory.com/showthre...79#post4977179



Useful utilities/EA's/scripts

 

  1. MaryJane has posted a fabulous utility to allow us to resize EA input windows: http://www.forexfactory.com/showthread.php?t=299017
  2. Multi purpose trade manager: http://www.forexfactory.com/showthread.php?t=89371
  3. Account equity analyser: http://www.forexfactory.com/showthre...16#post4693716 Also at http://www.forexfactory.com/showthre...98#post4709098, which includes a template for both USD and the Euro.
  4. Past-trades display indi by squalou; shows a graphical display of the success/failure of trades in your History tab. Breathtaking piece of work. http://www.forexfactory.com/showthre...10#post3830610
  5. My shell EA – the code I use to produce EA's so quickly. http://www.forexfactory.com/showthre...94#post4431794




Most promising trading EA's

 

  1. BigBob: an implementation of Nanningbob V10. http://www.forexfactory.com/showthread.php?t=309980. The strategy is fantastic and I am having a ball trading it manually. The EA is the most promising I have coded so far.
  2. Aurora, a PwR-based EU scalper at http://www.forexfactory.com/showthread.php?t=312936 has made a brilliant start.
  3. Trendy: http://www.forexfactory.com/showthre...82#post4840182, but should be left behind by BigBob.
  4. Reversi: http://www.forexfactory.com/showthread.php?t=294255 – I have traded this live.
  5. Rip: http://www.forexfactory.com/showthre...98#post4777998
  6. The Beast: http://www.forexfactory.com/showthre...=1#post4135863

Attached File(s)
File Type: tpl alex.tpl   7 KB | 1,153 downloads | Uploaded Sep 27, 2011 4:16pm
File Type: pdf Alex Scalping EA User Guide.pdf   96 KB | 3,980 downloads | Uploaded Sep 27, 2011 4:18pm
File Type: mq4 Parabolic_SW_Pat.mq4   7 KB | 1,405 downloads | Uploaded Sep 27, 2011 4:18pm
File Type: mq4 Alex by Steve Hopwood.mq4   42 KB | 1,527 downloads | Uploaded Sep 27, 2011 4:50pm
  • #2
  • Sep 24, 2011 7:01pm Sep 24, 2011 7:01pm
Man you are just an EA churning machine, sure your not a cyborg?
  • #3
  • Sep 25, 2011 9:50am Sep 25, 2011 9:50am
Thanks for this Steve....Without a doubt a high score on the Fun-O-Meter......Great find Glenn and thanks for the heads up...

Have a great week

whip
  • #4
  • Sep 25, 2011 4:03pm Sep 25, 2011 4:03pm
Quoting hiredwhip
Thanks for this Steve....Without a doubt a high score on the Fun-O-Meter......Great find Glenn and thanks for the heads up...

Have a great week

whip
Have fun.

  • #5
  • Sep 26, 2011 5:50pm Sep 26, 2011 5:50pm
I've been running Alex since monday morning and it has been getting into some great low risk high reward trades but keep getting stopped out for a few pips, not sure why?


http://my.jetscreenshot.com/5637/20110926-ksoa-159kb
  • #6
  • Sep 26, 2011 5:55pm Sep 26, 2011 5:55pm
Quoting bobasker
I've been running Alex since monday morning and it has been getting into some great low risk high reward trades but keep getting stopped out for a few pips, not sure why?


http://my.jetscreenshot.com/5637/20110926-ksoa-159kb
You seem a tiny bit confused about which robot you are trading. Have a closer look at this screenshot.

  • #7
  • Sep 26, 2011 6:06pm Sep 26, 2011 6:06pm
Quoting SteveHopwood
You seem a tiny bit confused about which robot you are trading. Have a closer look at this screenshot.

Haha, my bad.........
  • #8
  • Sep 26, 2011 6:23pm Sep 26, 2011 6:23pm
Quoting bobasker
Haha, my bad.........
I have this effect on people.

  • #9
  • Sep 26, 2011 6:38pm Sep 26, 2011 6:38pm
Quoting SteveHopwood
I have this effect on people.

Hi Steve,
Bot is trading well.....I'm 10 and 0 as I type on the scalping system....That's the good news.....The bad news is this indi that locks up once or twice every couple of hours....I read the PDF and I understand how to get it loose but what I don't know is if the bot is getting its signals from the indi or is the code in house and do I have to worry about it....
It's a nice job and a good scalper and yes I'm having fun....Love to trade a scalper during the ballgame

Have a great evening

whip
  • #10
  • Sep 26, 2011 6:43pm Sep 26, 2011 6:43pm
I can't post about Dsugums in the Dsugums thread but I see that Steves last post about trades closing early is exactly what I'm talking about, hopefully this can be resolved as the entries have been spot on..
  • #11
  • Sep 26, 2011 6:46pm Sep 26, 2011 6:46pm
Quoting hiredwhip
Hi Steve,
Bot is trading well.....I'm 10 and 0 as I type on the scalping system....That's the good news.....The bad news is this indi that locks up once or twice every couple of hours....I read the PDF and I understand how to get it loose but what I don't know is if the bot is getting its signals from the indi or is the code in house and do I have to worry about it....
It's a nice job and a good scalper and yes I'm having fun....Love to trade a scalper during the ballgame

Have a great evening

whip
Alex gets his signals from the indi in your folder; it doesn't matter whether it is on your chart or not. In fact, the fewer custom indi's you have running on your machine the better.

  • #12
  • Sep 26, 2011 6:48pm Sep 26, 2011 6:48pm
Quoting SteveHopwood
Alex gets his signals from the indi in your folder; it doesn't matter whether it is on your chart or not. In fact, the fewer custom indi's you have running on your machine the better.

Thanks Steve......Understand
  • #13
  • Sep 27, 2011 7:24am Sep 27, 2011 7:24am
Quoting SteveHopwood
Alex gets his signals from the indi in your folder; it doesn't matter whether it is on your chart or not. In fact, the fewer custom indi's you have running on your machine the better.

I m ulso testing on demo but the stoplosse is very high is it possibule to get a function to set the stoplosse at the first psar on the chart ones the trade is taken.

because if it take a trade and it is a good entry then the psar bleow/above the entry candle will hold .

if it get in a bad trade then it dont have to hold the trade and should exit emidiatly at the psar below/above the entry candle.

I hope you understand what i mean and sory for my bad english.

Thanks,
Yoenes
  • #14
  • Edited 8:22am Sep 27, 2011 7:54am | Edited 8:22am
Good Morning Steve,
Just checked Alex this AM and confirmed two odd things I saw yesterday.....Alex is only taking short trades and missing some nice long setups and he is not deleting SL and TP lines after a closed trade.....But the good news is he is 18 and 2 this AM......Not bad for a first day's work...

Have a great day

whip

P.S. EDIT=== I'm using the Scalping System on an Alpari UK demo
  • #15
  • Sep 27, 2011 9:24am Sep 27, 2011 9:24am
Quoting hiredwhip
Good Morning Steve,
Just checked Alex this AM and confirmed two odd things I saw yesterday.....Alex is only taking short trades and missing some nice long setups and he is not deleting SL and TP lines after a closed trade.....But the good news is he is 18 and 2 this AM......Not bad for a first day's work...

Have a great day

whip

P.S. EDIT=== I'm using the Scalping System on an Alpari UK demo
I have a goodly mixture of buys and sells.

I have just manually closed a trade at +37 that had not been half-closed at +5 because there was no tp line, so still possible hitches there.

At the mo, there is no code to mop up orphan lines. I shall add this at some stage.

  • #16
  • Sep 27, 2011 10:15am Sep 27, 2011 10:15am
this looks interesting so far on demo

nice one steve.
  • #17
  • Sep 27, 2011 10:42am Sep 27, 2011 10:42am
It's doing a good job of pip gathering. Unfortunately, getting bombarded with regular 128 and 146 errors. I'm using Alpari UK and have changed Criminal's ECN to "True", which is, usually, necessary with Steve's EAs, on the Alpari platform
  • #18
  • Sep 27, 2011 11:29am Sep 27, 2011 11:29am
Quoting hiredwhip
Good Morning Steve,
Just checked Alex this AM and confirmed two odd things I saw yesterday.....Alex is only taking short trades and missing some nice long setups and he is not deleting SL and TP lines after a closed trade.....But the good news is he is 18 and 2 this AM......Not bad for a first day's work...

Have a great day

whip

P.S. EDIT=== I'm using the Scalping System on an Alpari UK demo
I have two demos running at the time. Exact same broker, pairs, and settings. One of my accounts opens only buys, the other only sells. Can anyone think of an explanation for this?
  • #19
  • Edited 12:13pm Sep 27, 2011 11:35am | Edited 12:13pm
Quoting acostafulano
I have two demos running at the time. Exact same broker, pairs, and settings. One of my accounts opens only buys, the other only sells. Can anyone think of an explanation for this?
some flag or somesort?



macd 0 maybe?


acostafulano -can you turn "use macd" to false on both the demos and see what happens?
  • #20
  • Sep 27, 2011 12:16pm Sep 27, 2011 12:16pm
Quoting stimpy
some flag or somesort?



macd 0 maybe?


acostafulano -can you turn "use macd" to false on both the demos and see what happens?
Done. Fresh demo with this to see what happened
0 traders viewing now