Need4Speed Scalping

why not to add as well 'close an opposite signal'....sometimes market change so EA could adapt...only my thought

Thanks a lot Fxentropy.

Thanks for reminding me. I also set close on opposite to true.I told you its gonna be a complete mess.

for the last 2 hours i ran the new version on aggressive mood , on more than six pairs 1m chart plus gold , it just traded gold!! and it was a mess

learning more

i will try LR now

same here...losing big time...

need to be tweaked..on settings..

Unfortunately I tried all versions with different settings and the results are poor.
I don't know how tu use this tool...maybe a good filter

hi
i made yesterday my try
will see next week what can give this EA

There are two filters only, strength and correlation. Both in combination will give the magic power to grant a high winning rate.

Jibala

Interesting.
So could you explain clearly your own strategy ?

I didn't write anything about a strategy just two filters! I explained already in another thread (dashboard trading) therefore here is the link only:

http://www.forexfactory.com/showthre...23#post8211923

Result of manual trading by adding stength & correlation:

Result of automated trading:

Jibala

We have to avoid automatic trading and use this solution...many thx

Guys I dnt think the red or green is important, we are testing a logic which will work in our manual trading later.

100%, this what we are doing exactly, I am running this system on 4 different platforms and i try to vary the settings and products all the time.

For sure there is something there and in all cases, we are all the winners, why?? Because there are a lot of tools now on mt4 and other trading technologies will allow us to end UP in profit even if the test results are -20%!!, just please don't give final judgements, try to test, improve and develop, and you need to read all the feedback notes from all the others because you can always find something there. ENJOY THE TESTING.

Many thanks to KHALIL and all the great guys here

Nice result. Yes I agree with manual test, I also use currency strength, it is too many of them. Which one do you use?

Good question 007 !!

With a fast and accurate strength meter we would have a huge advantage. But most of them are way to slow and mostly not very useful in the smaller TFs.

Just found a new one which is based on the "cpm extended" strength meter and the calculation is depending on the selected TF the indi is launched at. (so the M1 and M5 should be included) Sounds not to bad to me.

Check it out by clicking the "market" tab in your terminal and then "applications" and then type in the searchfield : currency power meter. (currency power meter linear, 15 bucks, is the one)
And click on "view product on site" too for better visualation.

Did not buy it jet (no I am not affiliate to the seller ) but maybe this thing could support the "need 4 speed" project very well.

In fact with a realy good strength meter in the toolbox, trading the strongest against the weakest currency should make some money, don`t you think ??

For mt4 using currency strength giraia (don't know which one is the right have .ex4 file only) and for smartphone Forex Currency Strength Meter. Both strength meters show same values!

https://play.google.com/store/apps/d...fxsignal&hl=en



Jibala

Hi Guys,

I would like to thank you for your comments and suggestions.

It would be great if we have a look at the trades taken by the EA and try to analyze them.
Believe me , you can learn from a loss more than you can learn from a win.

If I am not mistaken MathTrader volunteered to do some analysis ... where are you man ?

I will do my part of analysis , already have some ideas looking at yesterday's results (specially news time).

I am off today so I can not contribute much, but I would like to mention that we are still on 1st gear, we still have 3 to 6 gears to test.

Regards,

Khalil

PS: 120 Downloads of MQL version !!!

today got some good results trading manually

for the next week, im gonna do a test as following: i will trade 2 automated versions of N4S , in same chart (eurusd) one N4S04 and one N4S03 contra.....what you guys think?

cheers and have a good weekend all!

1. You need ECN/ STP broker to trade this system.
2. Aggressive mood to give you a better results you need to edit the t/p to make it 4 or 5 if you are using a 5 digits broker and don't use the partial close option, but the R/R ratio will be 4:1 which is bad, the loss will be bigger when it happens, BUT, the chance of the loss is 1 to 10.
3. eur, gbp, eurgbp , eurjpy, cad will give you good results
4. The main issue I face here is the bad entry for the EA, what i mean by bad is that it reacts to the breakout price move in a wrong way, which give me the higher price if breaking up or lower price if breaking down. i will attach an example for that case. Maybe you can help me with this
4. The trade history I have attached is for the last 28 trades (the big loss with -125 was before the new setting).
5. I will focus on supported entry next week.
6. Even It is very hard to test this kind of systems, but I have enjoyed my week testing this, and It worth it actually , because I learned alot.

Thank you KHalil and all the other guys for wonderful job here.

Have a nice weekend

Some findings after one week:

Issue 1:

Impulses Count is meaningless if we do not consider the Power of individual impulses.

Example : Assuming a threshold of 15 pps on an Up Bar showing 3 Bullish Impulses and 1 Bearish Impulse will indicate a Long Signal (using Supported option),
however when we know that the 3 Bullish impulses were of 18, 17, 16 power, while the Bearish impulse were of 77 power, we discover that the signal should be Short instead of Long.


Suggested Solution :

The above Bar in the example should show (18+17+16 = 51)/15 = 3.4 => 3 Bullish Impulses, and 77/15=5.13 => 5 Bearish Impulses.

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Issue 2 :

Current Bar/Current Time frame is traded in isolation of Higher Time Frames which can give misleading signals, specially in pullbacks.

Suggested Solution :

Maintain and show Impulses Count for higher time frames (i.e. H4, H1, M30).

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Issue 3 :

Taking all signals lead to huge number of trades which increases the effect of spread/commission/slippage.

Suggested Solution:

Signal Filtration either using the system itself (Higher Time Frame Impulses from Issue 2) or using out of system filters (i.e. Higher time frame candle direction, or a strength meter as suggested by Jibala).

Also increasing the Speed Threshold would decrease the number of signals.
Yesterday For example EUR/USD registered a Max Bulls Speed of 121 and a a Max Bears Speed of 165
While GBP/USD registered a Max Bulls Speed of 76 and a a Max Bears Speed of 126

So I think using a threshold of 20 or 30 pps will decrease the false signals.

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Issue 4:

Using Fixed SL, TP, BE, Partial Profit affects the system profitability.

Suggested Solution:

Variable SL : Low/High of Signal Bar.
Variable TP : Opposite Signal (or a wider Trailing Stop, or a fixed R:R ratio).
No BE and No Partial Profit.

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Issue 5:

Hedging, Aggressive Mode and multiple Orders per pair are killing the system.

Suggested Solution:
Disable all these options.

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Edit : Corrected some numbers