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Open Scalping Strategy

  • #521
  • Nov 30, 2014 4:44pm Nov 30, 2014 4:44pm
Surprise !

Wow ! I hardly could write my wish and my dream cames true only in a moment later !
  • #522
  • Dec 6, 2014 4:38pm Dec 6, 2014 4:38pm
Dear all !



I tried the V5 this week - no good news ... and that is on a demo.
I got mostly loosers. It seems this strategy is highly discretionary. Maybe sitting and watching only some pairs, closing the trades at the right time could make you a winner ?
But automatic trading didn't work for me. It seems especially in the asian session there isn't enough momentum for succesful BO's over resp. under the extrema of the previous days ? The bot worked a bit better in LO/NY sessions ... but in summary it produced more loosers too.
And I think, even if possible: the automatisation of this strategyis hard to achieve. I'm out so far.
Thx MathTrader7 !!
  • #523
  • Edited Dec 7, 2014 1:01am Dec 6, 2014 11:11pm | Edited Dec 7, 2014 1:01am
Quoting DerBerliner
Dear all ! I tried the V5 this week - no good news ... and that is on a demo. I got mostly loosers. It seems this strategy is highly discretionary. Maybe sitting and watching only some pairs, closing the trades at the right time could make you a winner ? But automatic trading didn't work for me. It seems especially in the asian session there isn't enough momentum for succesful BO's over resp. under the extrema of the previous days ? The bot worked a bit better in LO/NY sessions ... but in summary it produced more loosers too. And I think, even...
Hi DerBerliner, I am puzzled by your comment??? This W1? The W1 starting 1st Dec was a No Trade week??? For the simple reason that the two opens are the same... Actually. there is no rule against it but there has been discussion suggesting its a bad idea...? Perhaps your results re-confirm this... Please keep going!!! Also we are coming into holidays so Jan & Feb would be more interesting perhaps...
  • #524
  • Dec 7, 2014 6:07am Dec 7, 2014 6:07am
I must be candid: I'm a bloody nanual trader. And scalping is much more harder manual trading then all other manual strategies.
I'm testing a lot of other EA's - so I'm atm not very active here ... watching perhaps new ideas. Maybe someone else has an idea for a better setfile then mine ?
Attached File(s)
File Type: doc mine-10sl+10tp - asian session.doc   20 KB | 570 downloads
File Type: doc mine-10sl+10tp - LO.doc   20 KB | 602 downloads
  • #525
  • Dec 7, 2014 11:47pm Dec 7, 2014 11:47pm
Ok, here we go with a new trading W1: ... nothing much looks good @ the moment (may be things will improve @ the USO)... currently watching the EU/UChf pair of pairs(?)...
  • #526
  • Dec 8, 2014 12:00am Dec 8, 2014 12:00am
Quoting DerBerliner
I must be candid: I'm a bloody nanual trader. And scalping is much more harder manual trading then all other manual strategies. I'm testing a lot of other EA's - so I'm atm not very active here ... watching perhaps new ideas. Maybe someone else has an idea for a better setfile then mine ? {file} {file}
There is no doubt that MathTrader7 is the one to talk with about EA's and different scalping strategies... With this method could you perhaps select the pairs that look good on the trading day and simply drop them into the EA? I find it easy to scan all pairs with reasonable spreads and then to drop in an order if they look good?
  • #527
  • Dec 8, 2014 1:51am Dec 8, 2014 1:51am
EU +7pips / UChf +7pips : both strong moves with EU lagging... great start to the trading week...
  • #528
  • Dec 8, 2014 8:14am Dec 8, 2014 8:14am
Quoting griffinssoul
{quote} There is no doubt that MathTrader7 is the one to talk with about EA's and different scalping strategies... With this method could you perhaps select the pairs that look good on the trading day and simply drop them into the EA? I find it easy to scan all pairs with reasonable spreads and then to drop in an order if they look good?
Observing the results of backtesting with V4 (and what I've seen in forward test so far), I'm convinced that one would expect to obtain breakeven following the rules mechanically (as EA does). However, the strategy might be profitable with some additional rules. One thing in my mind is to look at 5-minute bars and enter a trade if the M5 bar breakouts the level, or completely closes on the other side of the level.
@griffinssoul: What do you think about this idea?
Trading is the hardest way to make easy money...
  • #529
  • Dec 8, 2014 8:31am Dec 8, 2014 8:31am
Quoting MathTrader7
{quote} Observing the results of backtesting with V4 (and what I've seen in forward test so far), I'm convinced that one would expect to obtain breakeven following the rules mechanically (as EA does). However, the strategy might be profitable with some additional rules. One thing in my mind is to look at 5-minute bars and enter a trade if the M5 bar breakouts the level, or completely closes on the other side of the level. @griffinssoul: What do you think about this idea?
I totally agree with your findings re "...expect to obtain breakeven". I also agree that what is needed is a PA based additional rule - for example I use a simple retrace rule which seems to work well (see post 471) but I also like your 5M candle idea...

Note: I also use all the time filters: No trade - W1 & Mon in addition to the LO
  • #530
  • Dec 8, 2014 9:35am Dec 8, 2014 9:35am
Ok ... so any V6 will be posted here ? I'm ready for a new test !
  • #531
  • Dec 8, 2014 9:39am Dec 8, 2014 9:39am
Quoting DerBerliner
Ok ... so any V6 will be posted here ? I'm ready for a new test !
I will work on V6, but first I need to study the pull back idea to see if it is possible to program it into the EA. If not, I will go for my own idea. Stay tuned! :-)
Trading is the hardest way to make easy money...
  • #532
  • Dec 9, 2014 12:00am Dec 9, 2014 12:00am
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}
Hi. Can you give a source code ?
Thanks
  • #533
  • Dec 9, 2014 12:06am Dec 9, 2014 12:06am
It seems that we need to enter by that system when D1 bar is closed. But it's 4.00 am !!!
It's too early for me every time to wake up so.
I would like to make or to test any automation on it
  • #534
  • Dec 9, 2014 8:54am Dec 9, 2014 8:54am
Quoting griffinssoul
{quote} I totally agree with your findings re "...expect to obtain breakeven". I also agree that what is needed is a PA based additional rule - for example I use a simple retrace rule which seems to work well (see post 471) but I also like your 5M candle idea... Note: I also use all the time filters: No trade - W1 & Mon in addition to the LO
I tested the EA with my both idea: M5 bar must breaks out the level, and M5 bar must close completely on the other side of the level. Unfortunately, they do not help much... But I think the idea of retracement, as you mentioned in post 471, would give us better entry points. If I can implement the retracement idea into the EA (which is kind of subjective to the human being judgement), I will submit the new version here...
Trading is the hardest way to make easy money...
  • #535
  • Dec 9, 2014 11:57am Dec 9, 2014 11:57am
Quoting MathTrader7
{quote} .......... I will submit the new version here...
Ok great ! Waiting patiently !
  • #536
  • Dec 9, 2014 10:57pm Dec 9, 2014 10:57pm
Quoting MathTrader7
{quote} I tested the EA with my both idea: M5 bar must breaks out the level, and M5 bar must close completely on the other side of the level. Unfortunately, they do not help much... But I think the idea of retracement, as you mentioned in post 471, would give us better entry points. If I can implement the retracement idea into the EA (which is kind of subjective to the human being judgement), I will submit the new version here...
I must say MathTrader7 that I'm amazed by your work rate! Thank you so much!!! Yes, I think you are correct, without 'human judgement' the system would BE in the long run, I'd say. Sometimes there is obvious bad trades that a human would avoid but a computer/EA would take. Other times, as was the case yesterday, nothing looks good and a human would simply not trade. If fact, I would be suprized to see any EA work fully without a human and be profitable year-on-year? Have you seen anything close? The main advantage of a EA, as I see it, would be to automate all the repetitive stuff which makes life hard.
  • #537
  • Dec 10, 2014 1:37am Dec 10, 2014 1:37am
great work guys, specially for mathtrader7 for the EA.

I still prefer manual. but EA is good in back testing. Anyone did a backrest? are Weekly and monthly open lines accurate in BT?
Profit is on the other side of your mind
  • #538
  • Dec 13, 2014 2:24am Dec 13, 2014 2:24am
anyone did a bt? i also wonder if monthly and weekly opens are drawn properly on 5 minute backtest.
Reaction is better than Prediction
  • #539
  • Edited Jan 5, 2015 1:17am Jan 4, 2015 9:38pm | Edited Jan 5, 2015 1:17am
Back from vacation, trading starts tomorrow. Its a new year 2015 breakouts look strong

Indicator and template
Attached File(s)
File Type: tpl OS_Template.tpl   11 KB | 833 downloads

>>Daily High/Low
Attached File(s)
File Type: ex4 FQ - Open Marker V3.ex4   144 KB | 934 downloads
Profit is on the other side of your mind
  • #540
  • Jan 4, 2015 9:52pm Jan 4, 2015 9:52pm
Has anyone being using MT7s EA? If so, how is it going - any results to report?
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