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Attachments: Need4Speed Scalping
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Need4Speed Scalping

  • #401
  • May 13, 2015 6:13am May 13, 2015 6:13am
Quoting Forex Magic
. 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 {image}
I am not an EW expert, I am relying solely on EA signals, and enter/exit manually, some discretion is there of course.
No guts, no glory
  • #402
  • May 13, 2015 6:26am May 13, 2015 6:26am
Quoting abokwaik
{quote} I am not an EW expert, I am relying solely on EA signals, and enter/exit manually, some discretion is there of course.
I dont believe in "experts" anyway haha....... best educated guess seems to work ok though. My real cash is looking for another GU short set up anyways if that helps pay for something
  • #403
  • May 15, 2015 5:29am May 15, 2015 5:29am
Just my observation I noted during testig of the ea version N4S_05. It is openeing trades on next candle when signal appear but it is showing it on previous candle so if possible to modify it to start trading on previous candle. thanks
  • #404
  • May 15, 2015 10:52am May 15, 2015 10:52am
also noted that the performance of your ea looks pretty good this week compares to the past. could you please share you settings and explain what you changed on it? thanks
  • #405
  • May 16, 2015 7:33am May 16, 2015 7:33am
Quoting IndexScalper
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...
Hi guys on here newly convert to MT4 here so please handle with care!! Trade the dax too so was wondering IndexScalper what is the Bands MT4 indi? is it a downloaded indi or already on the MT4 platform in the navigator Bar? Used to use BB bands over extensions for PA snap backs for scalp trades. But am looking to try and use this EA manually for that instead. Plus have down loaded the latest version from here and am getting Buy sell counts above every candle on M5 charts, have not changed the Properties on the EA so it is all on the Default settings. Am I correct in thinking it should only be showing numbers above/below key candles of interest? Thank you for any help and keep up the great work.
  • #406
  • May 16, 2015 2:22pm May 16, 2015 2:22pm
I am sorry for delayed responses, as I've been busy last few days as we were moving to new offices and other stuff.

As for the attached Trade Explorer its worth to mention that it is not traded using one method, as I am trying different methods of trading the N4S Signals.
Last week most entries were done using Signals on OB and OS areas, or with personal bias (buy only, sell only on specif days).

I have to do multiple forward tests (mostly manually) as back testing is not possible using the fast timing the system is working on.

It is clear to me now that Need4Speed should offer different driving modes :
Turbo, Sport, Manual, Eco, Snow... just to name a few ...
No guts, no glory
  • #407
  • May 16, 2015 2:31pm May 16, 2015 2:31pm
Quoting libbo2003
{quote} Hi guys on here newly convert to MT4 here so please handle with care!! Trade the dax too so was wondering IndexScalper what is the Bands MT4 indi? is it a downloaded indi or already on the MT4 platform in the navigator Bar? Used to use BB bands over extensions for PA snap backs for scalp trades. But am looking to try and use this EA manually for that instead. Plus have down loaded the latest version from here and am getting Buy sell counts above every candle on M5 charts, have not changed the Properties on the EA so it is all on the Default...
Hi libbo,

Each instrument (or pair) has different speed settings. The default settings in the EA are for EURUSD, so I don't think it will fit DAX.
If you are receiving signals on every bar it means that the speed settings are not suitable for the instrument, and you should Increase the speed threshold until you receive signals on for example 1 of every 10 bars at least (depending on time frame used).

I believe IndexScalper can tell which is the optimum speed for DAX. As for BB I think he's using the standard MT4 BB, but two instead of one, Outer BB with 2 std.dev and Inner with 1 std.dev.) @IndexScalper : correct me if I am wrong.
No guts, no glory
  • #408
  • May 16, 2015 2:33pm May 16, 2015 2:33pm
Quoting teapeak
Just my observation I noted during testig of the ea version N4S_05. It is openeing trades on next candle when signal appear but it is showing it on previous candle so if possible to modify it to start trading on previous candle. thanks
Yes teapeak, version 5 is does not support the Aggressive mode.
As I mentioned in my previous post I will try to support the robot with different Driving Modes (Turbo or Race mode) is one of them and will be suitable for news time.
More to come on this, but I need some time for more testing ...

Regards
No guts, no glory
  • #409
  • May 16, 2015 2:36pm May 16, 2015 2:36pm
Quoting teapeak
also noted that the performance of your ea looks pretty good this week compares to the past. could you please share you settings and explain what you changed on it? thanks
Signals on OB/OS Plus Market Bias, nothing solid yet, still experimental and traded manually.
I think I should remove the Trade Explorer as it might be confusing
No guts, no glory
  • #410
  • May 16, 2015 2:55pm May 16, 2015 2:55pm
Quoting maxtill
Hi guys i want to ask you about this EA. Hi is open tranzaction alone or i must to open transaction.?
Hi maxtill,

I missed your post.

It can open trades auto. Or you can "disable live trading" from EA properties, and trade the signals manually.
No guts, no glory
  • #411
  • May 16, 2015 2:57pm May 16, 2015 2:57pm
Quoting gharti
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. {image}
Hi gharti, do you still have this issue ?
If yes, check the Journal for any errors.
No guts, no glory
  • #412
  • May 16, 2015 11:01pm May 16, 2015 11:01pm
Quoting abokwaik
{quote} Hi libbo, Each instrument (or pair) has different speed settings. The default settings in the EA are for EURUSD, so I don't think it will fit DAX. If you are receiving signals on every bar it means that the speed settings are not suitable for the instrument, and you should Increase the speed threshold until you receive signals on for example 1 of every 10 bars at least (depending on time frame used). I believe IndexScalper can tell which is the optimum speed for DAX. As for BB I think he's using the standard MT4 BB, but two instead of one,...
Hi abokwalk thank you for the quick response, hopefully IndexScalper will be able to help me with the fine tuning of this promising looking EA
  • #413
  • May 17, 2015 1:06am May 17, 2015 1:06am
Hi http://assets.forexfactory.net/nfs/c...ar295218_9.gif abokwaik. Yeah facing same issue in one another broker it was opening only sell positions. No body told me how to fix this so stopped using this EA will try on Monday again and inform you. Bty in V5 I do not see Break Even option?

Thanks
  • #414
  • May 17, 2015 6:07pm May 17, 2015 6:07pm
Quoting gharti
Hi {image} abokwaik. Yeah facing same issue in one another broker it was opening only sell positions. No body told me how to fix this so stopped using this EA will try on Monday again and inform you. Bty in V5 I do not see Break Even option? Thanks

hi there,

try this , after u attach the EA - right click on the chart - expert advisor - properties - under common tab make sure to set long & short positions.

Maybe that will help.
Winning isn't Everything...Winning is THE ONLY THING
  • #415
  • May 18, 2015 8:46am May 18, 2015 8:46am
Hello Libbo and Khalil, apologies for the delay in my reply, Forex Factory is not updating me each time there is a new post on this thread. Libbo the Bands indicator is standard in all my MT4 broker accounts. You can find it in Indicators/Examples/Bands. I just applied it to the chart without changing any settings. As far as I can tell it is just a version of standard Bollinger Bands. I also use the standard MT4 stochastic indicator (Indicators/Examples/Stochastics) set to 5:3:3. If you look for Sell trades when a Buy candle has breached or at least touched the upper Bands level in combination with the same candle showing as being overbought on the stochs and Khalil's indicator showing a higher number of Sell ticks than Buy. All reversed for a Buy trade. These are therefore reversal or counter-trend trades. They are very effective on DAX, I stopped on 20 points this morning. Incidentally I did not change anything in the EA when I applied it to the charts and am therefore getting Buy and Sell tick counts above and below every candle and am simply looking for the occasions when one count exceeds the other in the set-up as described above. I do all of this on the 1m chart although I am also now looking at a range bar chart to see what that can deliver. Khalil I hope my use of the EA as described here does not offend you if you think I am using it incorrectly. I appreciate it may be counter-intuitive how I am using it but I have seen this work for nearly a month and have been happily trading it live for half that time. If anyone has any suggestions how else to improve this please advise, otherwise thanks as ever to Khalil for sharing this great tool.
  • #416
  • May 18, 2015 9:57am May 18, 2015 9:57am
Greetings Khalil Abokwaik,

I have been using your system for a while and the result is amazing. I have a lot of profit position then loss. The problem that i have is the profit amount is small even though the quantity of profit position is more then loss position. When come to loss the amount is big, so when overall end up with loss. I have using the N4S_4. Is there any setting that came make PARTIAL SL LOT SIZE? i have attach the screen shot of my settings. Im using it in EURUSD M30 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 40 KB
  • #417
  • May 19, 2015 1:49am May 19, 2015 1:49am
Quoting IndexScalper
Hello Libbo and Khalil, apologies for the delay in my reply, Forex Factory is not updating me each time there is a new post on this thread. Libbo the Bands indicator is standard in all my MT4 broker accounts. You can find it in Indicators/Examples/Bands. I just applied it to the chart without changing any settings. As far as I can tell it is just a version of standard Bollinger Bands. I also use the standard MT4 stochastic indicator (Indicators/Examples/Stochastics) set to 5:3:3. If you look for Sell trades when a Buy candle has breached or at least...
Hi Indexscalper thank you for the reply I use something similar with an RSI b4. What was you R:R to this scalping method?
  • #418
  • May 19, 2015 2:34am May 19, 2015 2:34am
hi Libbo, 1:1 is the R2R for me, looking for 10 points a trade.
  • #419
  • May 19, 2015 2:36am May 19, 2015 2:36am
lol chopped out of a couple of shorts using IndexScalper Method this morning, but trying to stand in front of a speeding train on the dax kills no matter what your Strategies are!! Will look at mayb long scalps today.....
  • #420
  • May 19, 2015 2:42am May 19, 2015 2:42am
Quoting IndexScalper
hi Libbo, 1:1 is the R2R for me, looking for 10 points a trade.
Nice one thanks I tried with a tighter stop then 10 and was tagged before the reversal so may I ask how did you fair with the 10 stop this morning?
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