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My new Scalping Bot

  • #1
  • First Post: Edited Apr 30, 2015 4:05am Apr 29, 2015 2:35pm | Edited Apr 30, 2015 4:05am
Hello Guys,

This is my new bot that i started to test after i finally finished the dev!

Its a Scalping bot

You can follow me here: http://www.myfxbook.com/members/r1do...calper/1232922

Powered by Forex VPS Cloud
forexvpscloud
  • #2
  • Apr 30, 2015 4:05am Apr 30, 2015 4:05am
Ups, correct Myfxbook link now ^^
forexvpscloud
  • #3
  • Apr 30, 2015 4:21am Apr 30, 2015 4:21am
I know its a scalper, but 2 pips per trade will not leave much profit after commission.
Sow the seeds of knowledge, and watch them grow into success.
  • #4
  • Apr 30, 2015 4:33am Apr 30, 2015 4:33am
Hi Rob.

Quote
I know its a scalper, but 2 pips per trade will not leave much profit after commission.

1.5 per Trade (0.4 comission).

i could increase the lotsize for more profit, but i am looking for consistency and profitability with low DD.
forexvpscloud
  • #5
  • Apr 30, 2015 5:04am Apr 30, 2015 5:04am
With all due respect if its a profitable EA then it should work on all pairs, so 2 pips is not going to cut it on pairs with 3 and 4 pip spreads.

I think you would get more interest if it scalped between 5 and 10 pips per trade with consistency.

You dont need to win every trade to have a sucessful EA, i would be more interested in overal profitability, rather than a high win ratio.

Thats just my opinion
Sow the seeds of knowledge, and watch them grow into success.
  • #6
  • Apr 30, 2015 5:52am Apr 30, 2015 5:52am
It was made to work on a 0.1/0.3 spread pairs like EUR/USD and USD/JPY

Thanks for you opinion
forexvpscloud
  • #7
  • May 5, 2015 8:26am May 5, 2015 8:26am
New week for the testing the bot
forexvpscloud
  • #8
  • May 5, 2015 3:45pm May 5, 2015 3:45pm
Hi r1do, how can i buy a copy of your scalper bot? Looking really impressive so far, would like to put it on one or more live accounts.
  • #9
  • May 5, 2015 6:40pm May 5, 2015 6:40pm
do you have a back test report for this strategy
  • #10
  • May 6, 2015 4:17am May 6, 2015 4:17am
Hello there!

Quote
Hi r1do, how can i buy a copy of your scalper bot? Looking really impressive so far, would like to put it on one or more live accounts.

Thanks for your interest, but i am not selling it. If you would like to know more about it send an email to [email protected]

Quote
do you have a back test report for this strategy

I do not use backtesting only live/demo testing on a real market situation.
forexvpscloud
  • #11
  • May 7, 2015 4:17am May 7, 2015 4:17am
I am still waiting for a bad day on the bot, anyway the worst thing that can happen its -2%.
forexvpscloud
  • #12
  • May 7, 2015 8:41am May 7, 2015 8:41am
I will add the bot account to this thread later using the trade explorer, for a easier follow
forexvpscloud
  • #13
  • May 7, 2015 2:03pm May 7, 2015 2:03pm
Quoting r1do
anyway the worst thing that can happen its -2%.
That is pretty good for a scalper!
Trade Safe!
  • #14
  • May 7, 2015 2:06pm May 7, 2015 2:06pm
2% risk is per trade right? may i know what is the maximum number of total open positions available at a a given time?
  • #15
  • May 7, 2015 3:59pm May 7, 2015 3:59pm
Any live test results on a REAL account...?
  • #16
  • May 7, 2015 4:31pm May 7, 2015 4:31pm
Quoting fxinvestfund
That is pretty good for a scalper!
Thanks

Quoting fxarms.com
2% risk is per trade right? may i know what is the maximum number of total open positions available at a a given time?
No it's not per trade it's all of them together. it can be 1 or 10 trades. when it gets to -2% everything open is closed and the bot is done for the day.

Quoting MasterGuru
Any live test results on a REAL account...?
Not yet.
forexvpscloud
  • #17
  • May 8, 2015 3:48am May 8, 2015 3:48am
Unfortunatly most tick scalpers fail on REAL accounts. If not sooner, then later...

Why...? Brokers with leverage are all market makers and THEY are losing against profitable tick scalpers. They are the 'Casino' and we all know that Casinos don't like profitable players...

So what do they do...?

- Either refuse paying out profits,
- or apply 'virtual dealer plug-ins' on the account
- or both...
  • #18
  • Edited 5:51am May 8, 2015 5:21am | Edited 5:51am
Quoting MasterGuru
Unfortunatly most tick scalpers fail on REAL accounts. If not sooner, then later... Why...? Brokers with leverage are all market makers and THEY are losing against profitable tick scalpers. They are the 'Casino' and we all know that Casinos don't like profitable players... So what do they do...? - Either refuse paying out profits, - or apply 'virtual dealer plug-ins' on the account - or both...
This is the result from a small live account, just to test, how different from Demo it could be.
The first 2 trades ended up negative even touching the TP, probably due to some wide spread (>0.5), anyway after that the situation started to normalize and ended up pretty nice.

Acording to demo account the profit for a 0.1 lotsize is around 1.35€ per trade, so for a 0.01 it should be something like 0.135€, after comission and spread on live account the avg is 0.1€/0.11€ so we got an error of 0.02€ on each trade. If i can ajust that avg it will be verryyy close to demo account.

Attached Image (click to enlarge)
Click to Enlarge Name: liveresult.png Size: 198 KB
forexvpscloud
  • #19
  • May 8, 2015 6:00am May 8, 2015 6:00am
Next week i will give a try at 3 pips TP instead of 2, it will improve live account performance if this change proof successful.
forexvpscloud
  • #20
  • May 8, 2015 9:12am May 8, 2015 9:12am
Everything closed and done for the Week: 2.1%
forexvpscloud
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