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Need4Speed Scalping

  • #361
  • May 6, 2015 12:09pm May 6, 2015 12:09pm
Hello, I was reading the posts and saw that recommended configure Ea to trade manul.
I ask, my broker is 5 digits, where and how I set up the digits of t \ s? can you give an example?
What is the best configuration for M1 and M5?
advises testing in m1?
Thank you.
I also agree that two heads are better than 1. If agree on the two come together would be cool. Could even do an EA (with manual trader option) opensource, we would go to paying monthly fee to use it, and so prevents it from ever and die or to be perfected.
thank you
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  • #362
  • May 6, 2015 12:24pm May 6, 2015 12:24pm
Quoting Hermez
Hello, I was reading the posts and saw that recommended configure Ea to trade manul. I ask, my broker is 5 digits, where and how I set up the digits of t \ s? can you give an example? What is the best configuration for M1 and M5? advises testing in m1? Thank you. I also agree that two heads are better than 1. If agree on the two come together would be cool. Could even do an EA (with manual trader option) opensource, we would go to paying monthly fee to use it, and so prevents it from ever and die or to be perfected. thank you {image}
Trailing stop is in points . For example you can set it to 100 if you want to trail every 10 pips. Trailing Jump is used for reducing order modification s as some brokers will not allow for huge number of order modification s in a short time. You can set trailing jump to 5 or 10 points.Using it on M1 time frame seems to be OK.
No guts, no glory
  • #363
  • May 6, 2015 1:02pm May 6, 2015 1:02pm
I hope when the future versions of this EA come out it will remain open source.
  • #364
  • May 6, 2015 1:17pm May 6, 2015 1:17pm
Quoting forexaz
I hope when the future versions of this EA come out it will remain open source.
All my work at FF has been open source.
No guts, no glory
  • #365
  • May 6, 2015 1:45pm May 6, 2015 1:45pm
Someone took this high of EUR / USD using the N4S_05.
I configured HTF M30, H1, H4
Here he did not put the numbers. I am using a ECN broker.

see image for more doubts
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  • #366
  • May 6, 2015 2:48pm May 6, 2015 2:48pm
Quoting Hermez
Someone took this high of EUR / USD using the N4S_05. I configured HTF M30, H1, H4 Here he did not put the numbers. I am using a ECN broker. see image for more doubts {image}
Hello Hermerz,

Plz see the image attached, Also, plz read the whole thread.
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If you believe in yourself anything is possible !!
  • #367
  • May 7, 2015 12:32am May 7, 2015 12:32am
Some good ideas suggested by members this week :

dragan9 :

Using bollinger bands as a filter. Post 345

Thoughts :

(Through PM) suggested that we apply the algo purely as an auto scalper with these settings on a TRUE ECN broker:
- Threshold of 30 points a second (for EU), 60 points/sec for more volatile instruments (Gold, GBPJPY etc).
- Immediate Entry/Aggressive Option (as youve termed it)
- 2 pip SL
- 2 pip Trailing Stop
- 20 pip TP

Protex :
Second Signal Confirmation.

IndexScalper :
Dynamic Time Speed Counters


Thanks guys for your valuable input.

Kindly remind me if I missed other suggestions.

I will further study these suggestions and see what I can apply for next version.
No guts, no glory
  • #368
  • Edited 5:07am May 7, 2015 4:20am | Edited 5:07am
Why it doesn't open trade?
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I only get alert sound.

Edit Post:
Finally it did open one trade... but it took times.
  • #369
  • May 7, 2015 11:49am May 7, 2015 11:49am
Quoting PipsFestival
Why it doesn't open trade? {image} I only get alert sound. Edit Post: Finally it did open one trade... but it took times.
Hi PipsFestival,

Sorry for the late reply.

1. I noticed that you are using a speed of 20/10 (20 Points per 10 seconds=2pps), which is very SLOW, and will give you MANY False Signals. For a pair like EUR/USD or GBP/USD you need at least a speed of 20 points per 1 second (20pps).

2. You have selected the "Supported Entry" which will open a trade at the end of the bar ONLY IF Impulses Count of Same Bar Type (Bullish or Bearish) is larger than Impulses of the other type. (i.e. Buy only if Bull Impulses are more than Bear impulses on a Bullish Bar).
No guts, no glory
  • #370
  • May 7, 2015 11:53am May 7, 2015 11:53am
Hopefully I will find some time to prepare a brief using manual with the next version.
No guts, no glory
  • #371
  • May 7, 2015 1:58pm May 7, 2015 1:58pm
Quoting abokwaik
{quote} Hi PipsFestival, Sorry for the late reply. 1. I noticed that you are using a speed of 20/10 (20 Points per 10 seconds=2pps), which is very SLOW, and will give you MANY False Signals. For a pair like EUR/USD or GBP/USD you need at least a speed of 20 points per 1 second (20pps). 2. You have selected the "Supported Entry" which will open a trade at the end of the bar ONLY IF Impulses Count of Same Bar Type (Bullish or Bearish) is larger than Impulses of the other type. (i.e. Buy only if Bull Impulses are more than Bear impulses on a Bullish...
Thx for the reply.

Ok, so if I wanna trades as soon as I get my conditions, should I select "agressive entry"?

you said slow because trades can't be opened before the end of the run (10 sec)

so should I use timeframe = 1Minute?... so I get 6 attemps / bar
  • #372
  • May 8, 2015 2:26am May 8, 2015 2:26am
I could have realised my first winning session as I made + 234 pips on GBPNZD in one night right after the gap. However performance is negative due to partial close.

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How can I cancel this feature thanks.
(I could set up "Partial TP" = 0.00) but I guess this would generate tons of error.

Cheers
  • #373
  • May 10, 2015 8:23am May 10, 2015 8:23am
Quoting PipsFestival
I could have realised my first winning session as I made + 234 pips on GBPNZD in one night right after the gap. However performance is negative due to partial close. {image} How can I cancel this feature thanks. (I could set up "Partial TP" = 0.00) but I guess this would generate tons of error. Cheers
Sorry for the late reply.

To disable the Partial TP you set "Partial TP Lot Size" to 0 and/or "Partial TP in Points" to 0.

What worries me is that you have a Very Messy Chart with load of false signals.
Either you have set Speed Threshold to a small number or you set the Time to large number which is wrong.
With Correct Speed Setup your Chart should have Impulse Counts show on ONLY FEW Bars. Yours is showing impulses on almost every single bar which means that you are not using the suitable speed for this pair.
No guts, no glory
  • #374
  • May 11, 2015 12:42pm May 11, 2015 12:42pm
Has anyone been able to come up with good settings and results with this EA? I can't seem to find the right settings that work for me yet.
  • #375
  • May 11, 2015 2:48pm May 11, 2015 2:48pm
Quoting forexaz
Has anyone been able to come up with good settings and results with this EA? I can't seem to find the right settings that work for me yet.
20 pps is suitable for EU and GU. You can apply the EA (v5) to M30. Disable filters.I am trading it manually now exploreing the possibilitis in order to incorporate what works in version 6.
No guts, no glory
  • #376
  • May 11, 2015 2:56pm May 11, 2015 2:56pm
Quoting forexaz
Has anyone been able to come up with good settings and results with this EA? I can't seem to find the right settings that work for me yet.
I forgot to test it today... what shame because GBPNZD rose from 500 pips in a day. So it would have been fantastic.
  • #377
  • May 11, 2015 3:38pm May 11, 2015 3:38pm
Quoting Protex
Shukran Khalil for your work, I want to share how I have been using your indicator this week. The picture is pretty self explanatory. Just scalping 3-10 pips but hey...still better than nothing, especially if there is almost no drawdown. {image}
Hi Protex,
could you please post more examples as your chart is a bit confusing for me like how many candles from current signal is a next valid confirming signal? etc.
Thanks.
  • #378
  • May 12, 2015 3:13am May 12, 2015 3:13am
Quoting teapeak
{quote} Hi Protex, could you please post more examples as your chart is a bit confusing for me like how many candles from current signal is a next valid confirming signal? etc. Thanks.
The image is confusing because you are focusing on the wrong thing... Is not about how many candles after the signal, but instead how many signals in the same direction you are receiving.
Let say we ignore PA, just for the sake of the example like I did in the picture previously posted. Frequent and strong signals imply that one direction is predominant in that particular moment.
Faber est suae quisque fortunae
  • #379
  • May 12, 2015 4:03am May 12, 2015 4:03am
GBP/USD 1M Moments ago , See Long Signals adding up , although there was a gap. Would you go Long Here, before the Gap close ?

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No guts, no glory
  • #380
  • May 12, 2015 4:04am May 12, 2015 4:04am
Apparently some people did

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No guts, no glory
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