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Need4Speed Scalping

  • #381
  • May 12, 2015 4:12am May 12, 2015 4:12am
Shame EA doesn't open trade where I want:
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I wish 10 pips in 10 seconds... it should open trade straight away.

It should have opened Long around 2.1174 that would be nice...unless it doesn't make 10 pips in 10 sec at that time and only at the end of the bar.

Also I don't want B/E or any trailing... so I set zero on the 3 parameters?

  1. Trailing Stop in Points
  2. Trail Jump in points
  3. Break even pips


Cheers

  • #382
  • May 12, 2015 4:47am May 12, 2015 4:47am
Quoting PipsFestival
Shame EA doesn't open trade where I want: {image} I wish 10 pips in 10 seconds... it should open trade straight away. It should have opened Long around 2.1174 that would be nice...unless it doesn't make 10 pips in 10 sec at that time and only at the end of the bar. Also I don't want B/E or any trailing... so I set zero on the 3 parameters? Trailing Stop in Points Trail Jump in points Break even pips Cheers
Hey PF,

Why you set the speed to 100/10, this means that EA will have to wait 10 seconds before checking the speed.
I suggest changing that to 10/1 or better be 20/1 or even more as this is a volatile pair.

Regards
No guts, no glory
  • #383
  • May 12, 2015 5:39am May 12, 2015 5:39am
It has been a few days and I just wanted to update here that I have been very happily using this brilliant tool on the DAX, incorporating it with the Bands MT4 indi as well as an oscillator taking reverse trades when the price hits the outer Band at the same time that we get a higher count in the opposite direction - ie taking a counter trade. I am using the EA version of the indi, the original version in fact and I have made no changes to the settings except to turn the alert off as I don't need the sound on. This is an excellent piece of work so thank you very much again for sharing it with us.
  • #384
  • May 12, 2015 5:43am May 12, 2015 5:43am
Actually, I believe I am using the original EA version although I did download later versions to compare. Happy to identify which version I am using if someone can tell me how I do that?
  • #385
  • May 12, 2015 6:43am May 12, 2015 6:43am
Quoting IndexScalper
Actually, I believe I am using the original EA version although I did download later versions to compare. Happy to identify which version I am using if someone can tell me how I do that?
Hi IndexScalper,

I am happy that you have found some good use for the tool.

As for identifying which version you're using, version number is appended to the EA file name, for example N4S_04 is version 4, N4S_05 is version 5 .
You can find more descriptive details about the version is in the EA Properties window.

I agree with your previous post on identifying short-term reversals using this tool.
Other Uses : it works great around ranges for possible break outs. I've noticed also signal accumulation just before red news (as those guys receive news a minute or two before its publicly available).

Still studying, but making a consistently profitable robot out of this will be the real challenge.

Green Pips with your DAX trading,

Khalil
No guts, no glory
  • #386
  • May 12, 2015 7:39am May 12, 2015 7:39am
Hi Khalil,
Right. In that case for people's information I am using the EA version N4S_03. Very interesting what you say about the breakout and news opportunities, I will watch for these too. I will keep reporting back here how things are going with the EA. many thanks and best of success to you too!
  • #387
  • May 12, 2015 8:34am May 12, 2015 8:34am
Just a little suggestion for Khalil:
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If Max Orders = 2
and we create a bool param (Secure last Opened trade = true)
So it would be allowed to open a new trade only when last opened trade would be secured (SL on B/E at least)

This way EA tends to add to the winning position while the last one opened is in green territory.
  • #388
  • May 12, 2015 8:40am May 12, 2015 8:40am
Quoting PipsFestival
Just a little suggestion for Khalil: {image} If Max Orders = 2 and we create a bool param (Secure last Opened trade = true) So it would be allowed to open a new trade only when last opened trade would be secured (SL on B/E at least) This way EA tends to add to the winning position while the last one opened is in green territory.
Great Suggestion.
In some of my robots that average up I have a parameter for minimum distance between open orders. So I might apply the same here.

Thanks.
No guts, no glory
  • #389
  • May 12, 2015 4:41pm May 12, 2015 4:41pm
Quoting abokwaik
{quote} Great Suggestion. In some of my robots that average up I have a parameter for minimum distance between open orders. So I might apply the same here. Thanks.
This could be good too.

Also we need to check market conditions:
Right after the news, market can jump and for a couple of seconds, the spread can widen too much.
EA must check spread... otherwise I'll be dead each time a news comes up.
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  • #390
  • May 12, 2015 6:06pm May 12, 2015 6:06pm
Hi Abokwaik, thanks for your time and effort. got a question I tried to backtest EA on strategy tester but it did not work, impulses were not showing in back test. would it be possible to do so. Thanks
  • #391
  • May 12, 2015 8:23pm May 12, 2015 8:23pm
Oh sorry you have answered in the beginning.
  • #392
  • May 13, 2015 1:59am May 13, 2015 1:59am
I intalled V5 EA on mt4 pound doller pair and its placing only sell order there is not a single buy order. I placed EA in other broker mt4 and did not place even a single order I waited for hours and hours and kept on changing the settings of EA. Could anybody help me out with this please.
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  • #393
  • May 13, 2015 2:17am May 13, 2015 2:17am
Hi guys i want to ask you about this EA. Hi is open tranzaction alone or i must to open transaction.?
  • #394
  • May 13, 2015 2:52am May 13, 2015 2:52am
This a trade I am trying now on GU, not an A trade (against the daily trend), but lets see.

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No guts, no glory
  • #395
  • May 13, 2015 3:03am May 13, 2015 3:03am
GU update

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No guts, no glory
  • #396
  • May 13, 2015 3:14am May 13, 2015 3:14am
GU Update

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No guts, no glory
  • #397
  • May 13, 2015 3:38am May 13, 2015 3:38am
GU Update
3 positions were closed in profit, and the 4th hit stop after news. I should have closed the 4th before news.

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No guts, no glory
  • #398
  • May 13, 2015 5:26am May 13, 2015 5:26am
Hi Khalil,

Its a long time since we spoke,... how are You ?

I am enjoying watching this thread..... the Money Management and Lot sizes scare me but it appears that You are happy with them and the System seems to be working pretty well now. Well done !

I have a Forward Test for EA running here: http://www.forexfactory.com/showthread.php?t=539218

Regards,

David
  • #399
  • May 13, 2015 5:29am May 13, 2015 5:29am
.

With reference to GU, the move up completed, we have a little 5 wave move down so expect a 3 leg move up and then 5 more waves down for today or so
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  • #400
  • May 13, 2015 6:07am May 13, 2015 6:07am
Quoting Forex Magic
Hi Khalil, Its a long time since we spoke,... how are You ? I am enjoying watching this thread..... the Money Management and Lot sizes scare me but it appears that You are happy with them and the System seems to be working pretty well now. Well done ! I have a Forward Test for EA running here: http://www.forexfactory.com/showthread.php?t=539218 Regards, David
Hi David
A long time indeed.

I hope you're doing well.

As for Need4Speed, I am still studying different possibilities, trying different options, nothing solid yet, but I believe it has potential.
Large Lot Sizes comes with the scalping nature of the signals.
I agree that Money Management should be more safer.

Good luck with your new thread.
No guts, no glory
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