Alex: another scalping auto-trader by SteveHopwood

I tried this EA today on the 5m and it lost about 3% of account in a few hours. Switched to 1m, always in. Using .02 lots on G/U and .04 lots on E/U. Has gained 2.4% in six hours. I started it on the 1m tf just before the New York session closed. Details as they develop

Bubba

Parabolic SW Pat doesn't appear to be working properly. The dots on the MACD will all be arranged in a straight line either above or below the MACD. If you switch from 1m to 5m and then back to 1m, the dots rearrange themselves the way they should be. Appears to be cauing late entries.

Bubba

I have followed steve's EA series for a long time.

And tested all his published bots.

To be frankly, there is only few can use in long term success.

To my supprise, a winning one is for daily Chart trader. original it was designed for M5 trader.

the thread is dead for a long time.
http://www.forexfactory.com/showthread.php?t=299775

strategy tester is almost worthless im afraid.

demo is another almost worthless time spent too.

have to just plonk em on the charts - if it remotely looks like working stick it on a penny account.

speculate to accumulate.

Hi Steve,

Just noticed this possible error in the code:

MaxSpread logic is not working...With MaxSpread set to 4 by default, right on the news event, the spread for cable was about 15pips for a period of 30 seconds, but the EA trigerred the trade!

Stimpy,

You're not too far wrong in your assessment of this. Whether this could make money, or not, I have no idea. The one thing I do know, at this moment in time, is that these fekkin error 128 & 146s are driving me up the wall. I've changed from ECN True to ECN False and still this shit appears continuously. If somebody can tell me how to eradicate this, I would be most grateful. Thank you

Thanks for the feed back. I placed the Original EA on Demo for a night on EU. It successfully lost 71 dollars!

I've noticed that too. Seems to need a refresh on a minute chart . 5m seems to be OK. I have not used the EA since.

The original indi calculates MACD some umpteen times per tic. I just replaced the calcuation with a values from a array(4) , which it uses to plot the signal line. Red and Blue were an after thought. Many a time, the change in colors precedes the SAR signal by a a few bars, but that is not called for in this strategy.


Well, I'll work on it over the weekend. Meanwhile let me know if there are other issues.

Cheers

Pat

Its called REPAINTING. An issue that noone wants to answer about in this thread.

Nice EA, but no matter the settings i try i still get EA closing for a loss in some cases. anyone know how the settings so no SL is taken by the EA. i will close SL manually. thnx Jack

Good day Sir Hopwood,
when next you have a break from the Hanover module Developmets (Superlative works, Much thanks), do ponder the following and see if the TrumpCard would be enhanced here by:

Just Some thoughts??

What if the trump card was made to place pending trades above both the
high and low of the trigger candle, instead of just below the High for a high and the low for a low?

Along with that, have a selectable number of pending trade, Open trades even the number of candles a (candle life of) pending trade could remain open?

Pehaps these might give it a little more legs.

Just stick em on the white board till next you pass.

Bless!

Thank you Steve!
Another nice idea to give it a try.
So far (1 hr) it took 5 winners and no losers.
Ive put it on 3 pairs (5m TF).

Ok, im very sorry if this problem have been covered, but i keep getting an error message:


from time to time - especially when the bot is trying to close half of the trade at TP level.

Anyone has the same issue?

Good day Blazko;
this ahppens to several EA when there is high volatility and several trades are be attempted by traders around the Globe. After a while the error will stop coming and if conditions remain to facilitate the action, it will be done. nor mall errotrap message. EA will likely wait for a minute or two then try again.

by 2 pips on that.
Bless!

Hi,

First of all, thanks for creating this EA. I was very interested in the strategy, and it's great that you put in the effort to code it into an EA.
I have done quite a lot of testing with this, both in demo and in backtesting, and I made a few observations that I'd like to share.
The most important one is that this strategy is vulnerable to considerable losses due to the relatively high SL. Hitting a SL once in a sudden market movement can wipe out a day's profit, or more.
I have made one addition to the EA, I call it LookForEmergencyExit(), and it looks at the current bar (all the other stuff looks at the previous bar because of the nature of PSAR). Based on my results with this EA, I am still playing around with it a bit. Currently I check for a change in the chart PSAR in the same bar a trade is made. So if we sell, and during that same bar the PSAR trend changes to up, I close the trade. Although in some cases this wastes a good opportunity, when sudden spikes happen (20+ pips in one bar) it minimizes loss. Overall, this gives me better results. I might add a threshold on the movement in the other direction (call it an 'in-bar SL'), but at the moment I haven't done so.
The other issue is that while the trend stays the same, the EA keeps starting a new trade after the old one closes. I found that doing this at a later point during the trend usually makes the last trade in a trend a loosing one. Therefore, I have limited the amount of trades per trend to one (or two, based on the TwoTrades setting). After this trade, I wait until the trend changes before starting a new trade. Again, this may waste some profitable opportunities, but I'd rather be on the safe side and making a little less profit (but that might just be me).

I'm currently using this EA live, and making a steady profit with it, but I'm still analyzing everyday to see if I can add some logic to prevent the loosing trades.

If anyone is interested, I can post screenshots of these cases, or the code changes I made.

Thinking a bit more about this 'multiple trades during trend' problem. Maybe I could add another buffer to the standard PSAR indicator for the number of dots since 'trend reversal'. This is easiest on the PSAR indi, since it already saves the last reversal internally. Then we could put the NumberOfDotsInCurrentTrend threshold on starting new trades during a trend. This might also save us from loosing trades if it takes a long time for all trend indicators to agree.
Any feedback on this?

Hey Leyenda,
I'm agree with your way and I hope to get your edited code...mind you private message me for details?