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Open Scalping Strategy

  • #501
  • Nov 28, 2014 5:31pm Nov 28, 2014 5:31pm
Quoting mahimahi
+7 pip
hmm ...
  • #502
  • Nov 28, 2014 5:34pm Nov 28, 2014 5:34pm
Quoting DerBerliner
{quote} hmm ...
hmmm!
Daytrader
  • #503
  • Edited 5:19am Nov 29, 2014 4:29am | Edited 5:19am
Quoting DerBerliner
@MathTrader7 The bot could prevent today loosers. I plan a further testing. 2 requests for coding: Could you plz add the trading hour function to choose (limit) a specific trading time ? AND: Could you include into the bot a fixed algorithm to open trades only from tuesday to friday, i. e. exclude monday.
Here is a new version of the EA which implements options for time of trading and Mondays trading.
Attached File(s)
File Type: ex4 MathTrader7_OpenScalpingEA_V3.ex4   120 KB | 735 downloads
Trading is the hardest way to make easy money...
  • #504
  • Nov 29, 2014 4:47am Nov 29, 2014 4:47am
Quoting MathTrader7
{quote} Here is a new version of the EA which implements options for time of trading and Mondays trading. {file}
Thank you so much MathTrader7!!! I do not use this but it is great support for traders that do
  • #505
  • Edited 5:45am Nov 29, 2014 5:31am | Edited 5:45am
Hi MathTrader7, If it is at all possible, could you please run a backtest (on EU&UJ perhaps?) over at least 3 months of data (even just based on 1M) comparing the EA without time filter to the EA with time filter. Also, (with the timefilter) testing each major opening (Asian(Tokyo), London & US). This maybe asking too much, no problem, but it would be most informative. Thanks!!!

Currently, all the backtested results have been done manually. Although a first step, they are rather crude and limited to say the least. Although backtesting will not fully show the methods performance it will be of some use.
  • #506
  • Nov 29, 2014 1:58pm Nov 29, 2014 1:58pm
@MT7 Thx a lot ! That was quick again ! Great, appreciate your very reliable support !

@griffinssoul - Hmm ... BUT using the crapMT4 for backtests wont give much better results. The only better attampt would be the application of tick data. That approach is a bit better, although the only proof could be forward trading on a live acc ! Even demos with scalpers dont give convincing results.
  • #507
  • Nov 29, 2014 5:19pm Nov 29, 2014 5:19pm
@MT7 - is the time parameter in the code broker time ? Or is it my computer time ?
And yes: to make it sure+easier for setting right time numbers in "F7" - could you plz let the bot show on the chart a simple comment like "trading on"/"trading off" ? But better not in the right or left upper corner bcz of other comments there are shown already.
  • #508
  • Nov 30, 2014 5:39am Nov 30, 2014 5:39am
Hi MT7 ! I thought a bit about this strategy ... and I have to add two things/requests.
As per rules the possibility for choosing of the trade numbers is allowed - a second attempt is allowed. So could you add in F7 the option for choosing the max. number of trades during one day.
More important is this:
The strategy is a break out over or under the daily maximums of the previous day. So using another time then the daily open it is necessary that the price must be at the time of starting the trading (eg London session) under that high - for a buy. If the price broke already the high during the asian session and is at the start of LO open over the high - no trade ! I hope I could explain it right ?
  • #509
  • Nov 30, 2014 7:03am Nov 30, 2014 7:03am
Quoting DerBerliner
@MT7 Thx a lot ! That was quick again ! Great, appreciate your very reliable support ! @griffinssoul - Hmm ... BUT using the crapMT4 for backtests wont give much better results. The only better attampt would be the application of tick data. That approach is a bit better, although the only proof could be forward trading on a live acc ! Even demos with scalpers dont give convincing results.
Excellent work DerBerliner! The ball is in your court, as they say, and I will be very interested to see the outcome
  • #510
  • Nov 30, 2014 7:27am Nov 30, 2014 7:27am
Ok ... I took the ball ....
The only thing is: we have to wait the referee = MathTrader7 ! Without him we cant play the next round "V4" of the match !
  • #511
  • Nov 30, 2014 7:53am Nov 30, 2014 7:53am
LOL! ...I just remembered, there were some traders who did take this method 'live'. I think it was Linhpip (or similar? Please excuse me if this is incorrect) and someone else (sorry forgot...)... so, this may be of some use to you... Their live results were around 50/50 win/lose... (if you care to scroll through the posts you will find the graph of the results)...
  • #512
  • Nov 30, 2014 8:19am Nov 30, 2014 8:19am
Quoting griffinssoul
Hi MathTrader7, If it is at all possible, could you please run a backtest (on EU&UJ perhaps?) over at least 3 months of data (even just based on 1M) comparing the EA without time filter to the EA with time filter.
I'm modifying the EA to work on M1 charts such that we do not need real ticks to back test it. In the new version (that I'm currently working on) there would be virtual stop loss and take profit levels, and the EA controls open/close positions at the beginning of each M1 bar. This enable us to 1) obtain more reliable results, and 2) optimize the EA with different input settings much faster (in reasonable time). I would apply other changes (such as the max. number of trades per day, etc.) after this release.
Trading is the hardest way to make easy money...
  • #513
  • Nov 30, 2014 8:55am Nov 30, 2014 8:55am
Thx MT7 !

Reliably as always ! So waiting for opening the next round of the match ! Our referee already entered the playing field !!!
  • #514
  • Nov 30, 2014 9:04am Nov 30, 2014 9:04am
Quoting MathTrader7
{quote} I'm modifying the EA to work on M1 charts such that we do not need real ticks to back test it. In the new version (that I'm currently working on) there would be virtual stop loss and take profit levels, and the EA controls open/close positions at the beginning of each M1 bar. This enable us to 1) obtain more reliable results, and 2) optimize the EA with different input settings much faster (in reasonable time). I would apply other changes (such as the max. number of trades per day, etc.) after this release.
That sounds amazing MathTrader7 ! This would be of great value IMO... I agree with DerBerliner that it may not be a good as (forward) live trading/testing (live traders have reported problems with slippage etc) but surely it would give us further (valuable) information
  • #515
  • Nov 30, 2014 2:11pm Nov 30, 2014 2:11pm
Here is a new version of the EA that runs on M1 charts. This EA has been specifically written for backtesting. Use "Open prices only" model (not every ticks) for backtesting. Here is the best performance I could come up with optimization:
Attached Image (click to enlarge)
Click to Enlarge Name: OpenScalpingEA.png Size: 73 KB
Attached File(s)
File Type: ex4 MathTrader7_OpenScalpingEA_V4.ex4   124 KB | 701 downloads
Trading is the hardest way to make easy money...
  • #516
  • Nov 30, 2014 2:42pm Nov 30, 2014 2:42pm
Great man !! Really great !!

So my question is: can I use for the regular trading ? Is it possible to not only for BT's ?

And what about the tine parameter ? What time is it we have to put in ?

Ah ... and yes what's the setfile you used for the BT above ?
  • #517
  • Nov 30, 2014 2:57pm Nov 30, 2014 2:57pm
Quoting DerBerliner
Great man !! Really great !! So my question is: can I use for the regular trading ? Is it possible to not only for BT's ? And what about the tine parameter ? What time is it we have to put in ? Ah ... and yes what's the setfile you used for the BT above ?
This version of the EA does not set broker side SL and TP levels, but virtual levels (which are controlled by the EA). So it is not recommended for live trading (unless for demo purposes). The input settings are what I used for the backtest. The trading start time is 17:00 (GMT+2), which filters out many trades. As you can see from the backtest results, we only have 93 trades over the period 2013.01.03 to 2014.11.01. Later, I will submit a version which works with each and every tick instead of open prices only, and you can use it for live trading, if you want.
Trading is the hardest way to make easy money...
  • #518
  • Nov 30, 2014 3:01pm Nov 30, 2014 3:01pm
Quoting MathTrader7
Here is a new version of the EA that runs on M1 charts. This EA has been specifically written for backtesting. Use "Open prices only" model (not every ticks) for backtesting. Here is the best performance I could come up with optimization: {file} {image}
Great work MathTrader7 ! This is very valuable data that this method has been missing. I'm trying to come to terms with the results - they look promising at first but the win/loss % are very close to 50/50 suggesting a variable risk assignment per trade??? Perhaps I am incorrect in my interpretation?

EDT: no problem I just saw your post above....
  • #519
  • Nov 30, 2014 3:57pm Nov 30, 2014 3:57pm
Quoting MathTrader7
{quote} .... Later, I will submit a version which works with each and every tick instead of open prices only, and you can use it for live trading, if you want.
Ok, so I'll wait for the V5 ! I like to start the bots immediatly in forward tests.
  • #520
  • Nov 30, 2014 4:16pm Nov 30, 2014 4:16pm
Quoting DerBerliner
{quote} Ok, so I'll wait for the V5 ! I like to start the bots immediatly in forward tests.
Here is V5 which is the same as V4 but works with ticks...
Attached File(s)
File Type: ex4 MathTrader7_OpenScalpingEA_V5.ex4   120 KB | 879 downloads
Trading is the hardest way to make easy money...
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