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FX Laser Scalper System

  • #201
  • Nov 28, 2013 4:27am Nov 28, 2013 4:27am
Quoting aahmad29
{quote} Hi forexmoments, i have downloaded indicator in "ExpertsIndicators" folder but when i restarted MT4 and tried to locate the indicator in navigation panel, "fx_laser_scalper_v2.2" is not there. But i checked my MT4 folder and indicator is present. Probably anything is wrong, Please any trader advise the solution. Regards
Where is your platform ? This is a very common issue when the platform is in Program Files directory.
MT4/MT5 EAs/Indicators/Alerts coder
  • #202
  • Nov 28, 2013 7:17am Nov 28, 2013 7:17am
Quoting crameka
So to summarize to all those who might be thinking what the hell is this guy on about... All session are profitable over the long run. However some are better than others. - Trades taken during FF/ London open have got good probability of making double what is at risk on the trade - Trades taken during NY open have small probability of reaching 1:2, whereas going for 1:1 is significantly better - Tokyo session is pretty crap all round ( compared to other two) and there aint much difference to bottom line between going for 1:1 and 1:2. Still profitable...
Thank you for your due diligence.
As I said earlier, an EA can do this quickly over a longer period.
Having a life instead of watching the monitor all day is what I am after. I am not here to argue with manual traders. Stick to what works for you as long as your are in the top 2% traders.
  • #203
  • Nov 28, 2013 7:48am Nov 28, 2013 7:48am
Quoting crameka
Ok guys I have been doing some manual back-testing with the signal over the last 2 months. The statistics are on the basis that: - every signal be taken irrespective of when the last signal was given - Loss = trade didn't even manage a 1:1 Risk to Reward (RR) - Break even (B/E) = stop was moved to B/E when trade went 1:1 RR and then reversed to be stopped out - Win = trade moved 1:2 RR These are the results: Tokyo session (Tokyo open - Frankfurt open) Loss = 9 B/E = 6 Win = 10 40% chance of gaining 1:2 RR 64% chance of at least gaining a 1:1 RR...
Try without BE and SL = TP = 10
  • #204
  • Nov 28, 2013 8:10am Nov 28, 2013 8:10am
Quoting FxSwordfish
{quote} Thank you for your due diligence. As I said earlier, an EA can do this quickly over a longer period. Having a life instead of watching the monitor all day is what I am after. I am not here to argue with manual traders. Stick to what works for you as long as your are in the top 2% traders.
No worries. Of course an EA would be more efficient for testing. My purpose was merely to test what M1 data I had available for the meantime so that people interested in the forum could trade the signals and make informed decisions with the data provided. Also to prove that the signals have been profitable over the last few months.

This is forexmoments indicator and he/she has done a lot by making this available for everyone here on FF. The next step for laser scalper 2.2 is up to forexmoment. For the meantime those statistics will do.

CR
  • #205
  • Nov 28, 2013 3:28pm Nov 28, 2013 3:28pm
Quoting FerruFx
{quote} Where is your platform ? This is a very common issue when the platform is in Program Files directory.

Yes you are right, platform is in program files directory. is there any suggestion or changes which i have to take it because now i can not change folder location. To change the folder location i have to uninstall and install it on correct location.
Love for all; Hatred for none.
  • #206
  • Nov 28, 2013 4:39pm Nov 28, 2013 4:39pm
Quoting Alpari UK
{quote} Hi forexmoments, Our platform time is set to Eastern European Time (EET, GMT+2). During British Summer Time (BST), however, platform time is Eastern European Summer Time (EEST, GMT+3). Alex ________ Alexander Chadwick Alpari (UK) Representative
Thanks for clarifying that Alex.
  • #207
  • Nov 28, 2013 4:43pm Nov 28, 2013 4:43pm
Quoting crameka
Signal appeared little over an hour ago during Tokyo session. Looks good and has given a 1:1 so far. Unfortunately I missed it but heads up, London is online soon. Also be aware that it is Bank holiday in U.S so if any signals appear during NY trade with caution! Good trading. {image}
Yeah that was a nice signal indeed. But like you said, the Bank Holiday means it's probably better not to trade until next week.
  • #208
  • Nov 28, 2013 4:50pm Nov 28, 2013 4:50pm
Quoting qwertymyfx
Okay okay, checking back few weeks, latest version looks real nice, HOWEVER my data only goes back a few weeks, but hardly a loosing trade.
Glad you like it. Remember though, past results, (however amazing) are never a guarantee for future success.

Quoting qwertymyfx
lets hope for some alers 2moro.
Well, you got your wish, hehe.
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  • #209
  • Nov 28, 2013 4:51pm Nov 28, 2013 4:51pm
Quoting crameka
So to summarize to all those who might be thinking what the hell is this guy on about... All session are profitable over the long run. However some are better than others. - Trades taken during FF/ London open have got good probability of making double what is at risk on the trade - Trades taken during NY open have small probability of reaching 1:2, whereas going for 1:1 is significantly better - Tokyo session is pretty crap all round ( compared to other two) and there aint much difference to bottom line between going for 1:1 and 1:2. Still profitable...
Very kind of you to make these observations.

I think it can help traders get an idea of the nature of the beast.
  • #210
  • Nov 28, 2013 4:54pm Nov 28, 2013 4:54pm
Quoting aahmad29
{quote} Yes you are right, platform is in program files directory. is there any suggestion or changes which i have to take it because now i can not change folder location. To change the folder location i have to uninstall and install it on correct location.
Ok, this is what you need to do. Simply copy and past the entire MT4 folder from your program files, on to your desktop. It should help solve any issues.

No need to uninstall or re-install.
  • #211
  • Nov 28, 2013 5:03pm Nov 28, 2013 5:03pm
Quoting Traffex
{quote} Try without BE and SL = TP = 10
Hi Traffex

Works just as well. And a lot easier to manage for newer traders. Great stuff!

CR
  • #212
  • Nov 28, 2013 5:53pm Nov 28, 2013 5:53pm
still no joy with either of my laptops, still unable to download......!

how many signals did you folks get today ?
  • #213
  • Nov 28, 2013 11:54pm Nov 28, 2013 11:54pm
Signal given during tokyo session today.
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  • #214
  • Edited 2:18am Nov 29, 2013 12:25am | Edited 2:18am
Quoting crameka
{quote} Hi Traffex Works just as well. And a lot easier to manage for newer traders. Great stuff! CR
Hi crameka,

Thank you. My experiences over 15 years trading with BE are mixed. Without any doubt you feel safer with BE, but if you have relative tight stops - related to your risk - and your TP is moderate, results are most better.

... most better without BE.
  • #215
  • Nov 29, 2013 9:34am Nov 29, 2013 9:34am
Quoting whatfx
still no joy with either of my laptops, still unable to download......! how many signals did you folks get today ?
Please try re-installing a fresh copy of MT4, but this time on your desktop. (Don't install to Program Files).
  • #216
  • Nov 29, 2013 9:35am Nov 29, 2013 9:35am
Quoting crameka
Signal given during tokyo session today. {image}
Wowser, I wasn't expecting any signals today - but well done mate. Good trade!
  • #217
  • Nov 29, 2013 9:52am Nov 29, 2013 9:52am
doesnt really matter where it goes as long as you are making profit :9
  • #218
  • Nov 29, 2013 8:44pm Nov 29, 2013 8:44pm
Quoting Traffex
{quote} Hi crameka, Thank you. My experiences over 15 years trading with BE are mixed. Without any doubt you feel safer with BE, but if you have relative tight stops - related to your risk - and your TP is moderate, results are most better. ... most better without BE.
Your idea is excellent!Have an EA when a signal appears,take the trade,SL=BE=10pips,it's wonderful!
forexmoments,could you make such an EA?
  • #219
  • Nov 30, 2013 4:14am Nov 30, 2013 4:14am
Quoting forexmoments
{quote} Wowser, I wasn't expecting any signals today - but well done mate. Good trade!
First of all, i wanted to congratulate the forexmoments for amazing indicator. I did my analysis for last 16 signals. I will continue this analysis with different settings.

Settings:

TP=10 Pips
SL=10 Pips

Total Trades = 16, Win = 15, Lost = 1
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Love for all; Hatred for none.
  • #220
  • Nov 30, 2013 4:15am Nov 30, 2013 4:15am
Next 5 trades
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Love for all; Hatred for none.
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