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Need4Speed Scalping

  • #21
  • Apr 24, 2015 7:11pm Apr 24, 2015 7:11pm
Quoting abokwaik
{image} Need4Speed is and intrad-day Scalping System. It measures Speed of the Price in points over a user specified time interval in seconds. Sounds can be activated to alter the user when Maximum Speed is exceeded. The system counts the number of Bullish and Bearish pushes that exceeded max speed in each bar. We want to join the price movers and jump on the train once it starts accelerating and jump off when it decelerates, North or South. First version of this EA is attached for you to test. No trades are taken by the EA in this version. {image}...
hi,

I like your idea.
as a suggestion:
- max speed - at first time when I looked I didn't understand what it means. I would call it ๖ther way (e.g. speed threshold)
- I would put in the corner the following:
bullish speed = x
bearish speed = y
net speed = z (where z = x-y)

have a nice weekend,
Dragos
  • #22
  • Apr 24, 2015 8:30pm Apr 24, 2015 8:30pm
subscribed
  • #23
  • Apr 25, 2015 5:59am Apr 25, 2015 5:59am
Quoting dragos_
{quote} hi, I like your idea. as a suggestion: - max speed - at first time when I looked I didn't understand what it means. I would call it ther way (e.g. speed threshold) - I would put in the corner the following: bullish speed = x bearish speed = y net speed = z (where z = x-y) have a nice weekend, Dragos
Thanks for your input Dragos,

I agree on the naming, so I will change the Max speed to Speed Threshold.
As for bullish and bearish speed I don't think they are important, only the net speed (Speed) is important, as we are scalping we don't need too many distractions.

However I am thinking of adding a Max Bullish Threshold , and Max Bearish Threshold to hold max values reached in the session.
Those max values can be used as a guidance in re-setting the Speed Threshold.

I was thinking also of computing the Speed Threshold automatically instead of entering it as a parameter as it will change based on pair and time and news.

As for TP I think its better to use a Trailing Stop instead of TP, OR maybe a pre-set R:R ratio .
SL better be variable below or above recent swing high/low.
Lot size to be calculated using SL and Risk Percentage.

Regards,
No guts, no glory
  • #24
  • Apr 25, 2015 6:05am Apr 25, 2015 6:05am
Entry Options:

 

  1. Least Risky :

    1. Long when having more Bullish Impulses in a Bearish Bar (Hidden Buying)
    2. Short when having more Bearish Impulses in a Bullish Bar (Hidden Selling)

  2. Aggressive :

    1. Long on first Bullish Impulse
    2. Short on first Bearish Impulse

No guts, no glory
  • #25
  • Apr 25, 2015 6:34am Apr 25, 2015 6:34am
Quoting abokwaik
Entry Options: Least Risky : Long when having more Bullish Impulses in a Bearish Bar (Hidden Buying) Short when having more Bearish Impulses in a Bullish Bar (Hidden Selling) Aggressive : Long on first Bullish Impulse Short on first Bearish Impulse
Hmmm...getting more interesting. And you say it wouldnt be possible to display an amount of history of this impulses for backtest purposes? What about realtime tracking and rcording for future use as history?
  • #26
  • Apr 25, 2015 6:38am Apr 25, 2015 6:38am
Quoting LITEchild
{quote} Hmmm...getting more interesting. And you say it wouldnt be possible to display an amount of history of this impulses for backtest purposes? What about realtime tracking and rcording for future use as history?
Backtesting is not possible because EA uses ticks and the lowest you can go for back testing is M1. As for recording history ... mmm.. I might consider at a later stage.
No guts, no glory
  • #27
  • Apr 25, 2015 6:51am Apr 25, 2015 6:51am
abokwaik, Just a thought, but would timing range bar formation enable you to backtest your ideas?

For example, in the image below, we have the ms it took to form a 4 pip bar (red bars), and then a running average (blue line). I have highlighted areas where there was a burst of speed (potentially large orders in the market). One strategy might be to look at what happens to when price returns to this areas.


Quoting abokwaik
{quote} Backtesting is not possible because EA uses ticks and the lowest you can go for back testing is M1. As for recording history ... mmm.. I might consider at a later stage.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-04-25 at 9.47.39 AM.jpeg Size: 125 KB
  • #28
  • Apr 25, 2015 7:46am Apr 25, 2015 7:46am
Quoting Sciurus
One strategy might be to look at what happens to when price returns to this areas.
I like that
No guts, no glory
  • #29
  • Apr 25, 2015 8:16am Apr 25, 2015 8:16am
3 years ago I was working on a similar strategy and EA.

If the price moved
an 'n1' number of pips within 5 seconds or
an 'n2' number of pips within 15 secs or
an 'n3' number of pips within 30 secs or
an 'n4' number of pips within 60 secs
a trade would be opened with a tight trailing stop.

The backtest results were amazing:
PyraulusScalper - EURUSD 2ys LOW RISK
PyraulusScalper - USDJPY 2ys LOW RISK
PyraulusScalper 1.1.1 - EURUSD
PyraulusScalper 1.1.1 - USDJPY
PyraulusScalper 1.1.1 - GBPUSD

I named the EA "PyraulusScalper" because the backtest curves look like trails of missile being fired up into the sky and "pyraulus" is the greek word for missile / rocket

Unfortunately though, the EA was not profitable during forward tests due to high spreads and too much slippage / lagging during times of high volatility.

However, my broker (Pepperstone) has improved a lot technologically since then, so maybe I should give it another try now under improved conditions.
  • #30
  • Apr 25, 2015 8:19am Apr 25, 2015 8:19am
Another method of entry can be by placing a stop orders on both sides of an "Interesting Bar".
Interesting Bar is a bar with high number of big pushes on one or both sides.
No guts, no glory
  • #31
  • Apr 25, 2015 8:28am Apr 25, 2015 8:28am
Quoting k4y
3 years ago I was working on a similar strategy and EA. If the price moved an 'n1' number of pips within 5 seconds or an 'n2' number of pips within 15 secs or an 'n3' number of pips within 30 secs or an 'n4' number of pips within 60 secs a trade would be opened with a tight trailing stop. The backtest results were amazing: PyraulusScalper - EURUSD 2ys LOW RISK PyraulusScalper...
Simply Fascinating
No guts, no glory
  • #32
  • Edited 9:51am Apr 25, 2015 8:51am | Edited 9:51am
An enhanced version with:

  1. Max Bullish, Max Bearish Display
  2. Font Size Control

This (or the first version) are to be used to monitor the behavior of those impulses and their predictability power on near future path of price.
a Full Robot to be released soon ....

Fixed Version Uploaded

Attached File(s)
File Type: ex4 N4S_02.ex4   14 KB | 1,344 downloads
No guts, no glory
  • #33
  • Apr 25, 2015 9:03am Apr 25, 2015 9:03am
Quoting k4y
3 years ago I was working on a similar strategy and EA. If the price moved an 'n1' number of pips within 5 seconds or an 'n2' number of pips within 15 secs or an 'n3' number of pips within 30 secs or an 'n4' number of pips within 60 secs a trade would be opened with a tight trailing stop. The backtest results were amazing: PyraulusScalper - EURUSD 2ys LOW RISK PyraulusScalper...
Hi k4y
can you share this EA?
Thanks.
  • #34
  • Apr 25, 2015 9:06am Apr 25, 2015 9:06am
Do you think that this EA, in a future stage, could be used for BO ?

I was thinking that maybe the signal allows us to place turbo options (short expiry time, from 30s to 5 minutes) exploiting the acceleration in one direction and the consequent short term movement.

Just an idea
Faber est suae quisque fortunae
  • #35
  • Apr 25, 2015 9:52am Apr 25, 2015 9:52am
I've just re-uploaded the EA in post # 32. Sorry for any inconvenience.
No guts, no glory
  • #36
  • Apr 25, 2015 10:10am Apr 25, 2015 10:10am
Quoting Protex
Do you think that this EA, in a future stage, could be used for BO ? I was thinking that maybe the signal allows us to place turbo options (short expiry time, from 30s to 5 minutes) exploiting the acceleration in one direction and the consequent short term movement. Just an idea

Same minds, i had too.... I guess it can be a good solution for...will make some test next week
  • #37
  • Apr 25, 2015 10:13am Apr 25, 2015 10:13am
Hi Khalil,

very interesting....and like the idea too...
as scalping is the king class of trading :-)...

Thank you very much for sharing with us!

Have a good weekend and greetings to Jordan....
  • #38
  • Apr 25, 2015 10:37am Apr 25, 2015 10:37am
Quoting abokwaik
{quote} I like that

  • #39
  • Apr 26, 2015 12:56am Apr 26, 2015 12:56am
Quoting Protex
Do you think that this EA, in a future stage, could be used for BO ? I was thinking that maybe the signal allows us to place turbo options (short expiry time, from 30s to 5 minutes) exploiting the acceleration in one direction and the consequent short term movement. Just an idea
Sorry .. I am not familiar with Binary Options
No guts, no glory
  • #40
  • Apr 26, 2015 1:12am Apr 26, 2015 1:12am
Quoting abokwaik
{quote} Sorry .. I am not familiar with Binary Options
:-).... not necessary to be familiar, as its an stupid business :-)...
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