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Need4Speed Scalping

  • #441
  • May 25, 2015 3:20am May 25, 2015 3:20am
Hi Khalil, thanks as ever for the N4S excellent EA. Although I have been using version three for weeks now happily on the DAX, I have also just loaded V5 onto a chart so I can compare. I like the logic of V5 over V3 but need to see if it improves the already very high success rate of V3 before switching.
  • #442
  • May 25, 2015 4:55am May 25, 2015 4:55am
Quoting belief
So i guess what you mean by Power (which is shown below/above candles) is referred to numbers of Impulse per Speed Threshold, that is quite clear now.
Correct.

Quoting belief
Abokwaik, what is your recommended setting for Trailing Stop in Points and Trail Jump in Points supposed i set 10 pips SL and 10 pips TP?
If you have a small fixed TP there will be no meaning of having a Trailing Stop. Either use Trailing stop or small TP. You can set large TP (5 to 10R) and then apply a trailing stop of at leat 1R.

Quoting belief
It would be great to incorporate the following features in the next version: Time/Events based mode with FF daily news check, e.g. red news go larger SL/TP and, if corresponding market closed go contrarian, etc. Or perhaps we can use total volume per candle must exceed certain value in order for the trigger to work. Spread control for entry, like some mentioned, enter long on down-tick vice versa to reduce slippage. Build in OB/OS entry based on trend bias checker/filter, or built-in currency strength meter to activate the most long strongest/weakest...
Good ideas.

As for news filter I don't think we need it as we can know it based on speed, for example EURUSD when speed exceeds 200pps its a red news for sure. And I will base the Turbo Version on this idea.

Quoting belief
You are living it up to your motto: Learn, Share, Respect and Enjoy your life. Whoever got you as friend in real life is a blessing, thank you.
Thank You
No guts, no glory
  • #443
  • May 25, 2015 5:01am May 25, 2015 5:01am
I had a very long sleep, did't have in months

Today speed is very slow so far, not much action, my speed radars didn't catch any thing in the last hour (EU,GU,UJ,Gold).
No guts, no glory
  • #444
  • May 25, 2015 5:04am May 25, 2015 5:04am
Quoting ytrader07
Hi Abokwaik, great system, definitely subscribed; and thanks for sharing! In terms of areas of interest to watch the pps (as you mentioned earlier...), I have lots of faith (from experience) in stochs (particularly the stoch signal), and fibo levels... I was thinking, how hard would it be to integrate a fibo indicator (redrawing after predefined amounts of time) combined with a stochastic? I think this can act as a fairly good filter for your strategy... On my own charts, for example, I find that a stoch signal with stock MT4 settings, and 95.5/4.5...
Thanks ytrader,

I see many applications for this, OB/OS is certainly included.
Fibo , I have to think it over.
No guts, no glory
  • #445
  • May 25, 2015 5:07am May 25, 2015 5:07am
Quoting IndexScalper
Hi Khalil, thanks as ever for the N4S excellent EA. Although I have been using version three for weeks now happily on the DAX, I have also just loaded V5 onto a chart so I can compare. I like the logic of V5 over V3 but need to see if it improves the already very high success rate of V3 before switching.
Thanks IndexScalper, your feedback is always welcome.
No guts, no glory
  • #446
  • May 25, 2015 5:15am May 25, 2015 5:15am
Quoting abokwaik
I had a very long sleep, did't have in months Today speed is very slow so far, not much action, my speed radars didn't catch any thing in the last hour (EU,GU,UJ,Gold).
Oh, I just noticed its Bank Holiday in Europe.

Oh No, and in US too.
No guts, no glory
  • #447
  • May 25, 2015 5:47am May 25, 2015 5:47am
Quoting abokwaik
{quote} Oh, I just noticed its Bank Holiday in Europe. Oh No, and in US too.

Sleep is good , you need to clear your mind from time to time.

I will take advantage of this bank holiday to back test some strategies.

KHALIL, what is your setting for gold?
Winning isn't Everything...Winning is THE ONLY THING
  • #448
  • May 25, 2015 5:59am May 25, 2015 5:59am
Quoting omar79
{quote} Sleep is good , you need to clear your mind from time to time. I will take advantage of this bank holiday to back test some strategies. KHALIL, what is your setting for gold?
30pps for Gold. I don't know if it will ever hit on such a quite day.

GU Short is on.
No guts, no glory
  • #449
  • Edited 11:27am May 25, 2015 11:14am | Edited 11:27am
hI, i like the idea. I try it 2 years ago the same idea but the only difference was that if the signal for speed came, the EA will apply fibo retracement between start of the move and last pip and at some retracement level will enter in the direction of the move. I didn't end the EA but I remember 50% of the entries at least was profitable. With no management the EA it s useless. On testing I find out that on EU there are some settings that work, 8 pips in 3 secconds, or 16 pips on 8 10 secconds. this kind of impulse was the best set I had. With my EA I can test the past on ticks. I don t know why with your EA it s not possible but I m not a coder. You know better.
I just want to say the idea can be extended. on large moves, a god set was 125 pips in 1 day move, or 31 pips in 5 min.

Now I work on a grid system in correlation with news but a good idea will be to combine the grid with speed settings cos, if the news release it s relevant then the speed of the move in relation with grid levels can create a sup/res system. Maybe we can create something, who knows ...

From my point of view, the speed of small moves are relevant between sup.res levels. The price get quick on a level if :
1. there was a htf activity with a purpose.
2. an exit/entry with some volume.
3. to break a level for future
4. stop loss hunt
and many more. From this point, I can split the types of "moves".
If a move or more appear close to an important news, let say form 15 to 2 min till the event, there are small chances to take the right direction cos the forecast was priced in already and the actual release can be in any direction. If the signals are in non event periods then the purpose it s to go closest to S/R levels for reasons like TP, Break that level, stop hunt, etc, and with that, if we know where are this levels the we will know where is the TP and where will reverse, which is gold i think.
  • #450
  • May 25, 2015 4:17pm May 25, 2015 4:17pm
Quoting barbones
the EA will apply fibo retracement
I fully agree with barbones about the usefulness of fibo retracements in this (also as I mentioned in an earlier post...) .
For example I think if the EA drew new fibo lines, say every one or two hours, and properly integrated these into its analyses, some loosing trades like this one yesterday could be avoided
Attached Image (click to enlarge)
Click to Enlarge Name: 2505.PNG Size: 52 KB
  • #451
  • May 25, 2015 5:16pm May 25, 2015 5:16pm
I test really small lot size on real account but it didn't trigger during the last nzd and jpy news, using this settings:

Attached Image (click to enlarge)
Click to Enlarge Name: f1FyMMW.jpg Size: 65 KB


A couple of questions come to mind:

  1. Is it because i should make Risk Percentage = 0 when i specify the Lot Size?
  2. Can the Starting Hour and Ending Hour using this format 211459 to refer to to broker time 21:14:59 (HH:MM:SS) ?
  3. Is there going to be a message if Slippage occur? to rule out the possibility of "no trigger no alert" during news?
  4. About Impulses on Higher Time Frames, if enabled, will the EA need wait to collect enough data in order for the trigger to occur? I hope you could clarify a little how it works such as what is the significance of using HTF Impulses and HTF Bar Direction? Should it be off to trade news? and when should it be on?
  5. On Magic Number, must it be different on every chart windows (different pairs) that is opened?
  6. For Ver5, can it work on any timeframe or is it better to use 1m chart?

Dear Abokwaik, I will make proper corrections upon your advice, hopefully soon enough to test for next CHF Employment news, and report back later.

  • #452
  • May 26, 2015 12:14am May 26, 2015 12:14am
Quoting belief
I test really small lot size on real account but it didn't trigger during the last nzd and jpy news, using this settings: {image} A couple of questions come to mind: Is it because i should make Risk Percentage = 0 when i specify the Lot Size? Can the Starting Hour and Ending Hour using this format 211459 to refer to to broker time 21:14:59 (HH:MM:SS) ? Is there going to be a message if Slippage occur? to rule out the possibility of "no trigger no alert" during news? About Impulses on Higher Time Frames, if enabled, will the EA need wait to collect...
Hi belief,
-------------------------
I test really small lot size on real account but it didn't trigger during the last nzd and jpy news, using this settings: ... A couple of questions come to mind:
-------------------------
Q1 : Is it because i should make Risk Percentage = 0 when i specify the Lot Size?
A1 : No. If Lot size is specified, Percentage will be not used.
-------------------------
Q2 : Can the Starting Hour and Ending Hour using this format 211459 to refer to to broker time 21:14:59 (HH:MM:SS) ?
A2 : Starting Hour should be less than Ending Hour. Format is H24 (i.e 0,1, 2, ..., 23)
-------------------------
Q3 : Is there going to be a message if Slippage occur?
A3 : No.
-------------------------
Q4 : About Impulses on Higher Time Frames, if enabled, will the EA need wait to collect enough data in order for the trigger to occur?
A4: Yes.
-------------------------
Q5 : I hope you could clarify a little how it works such as what is the significance of using HTF Impulses and HTF Bar Direction? Should it be off to trade news? and when should it be on?
A5 : If HTF Impulses is enabled, Trade will trigger if the current bar closes with bull/bear power difference in the direction of the HTF Impulses.
If HTF Bar Direction is enabled, Trade will trigger if the current bar closes with bull/bear power difference in the direction of the HTF Bar Direction.
Both can be combined. This of course will limit the number of trades taken, and will not allow for a counter trend trades.
-------------------------
Q6 : Should it be off to trade news? and when should it be on?
A6: News is Irrelevant. It can be on or off according to your risk appetite.
As I said earlier, I will be working on a news version of the EA --> n4s_Turbo, hopefully will be ready soon.
-------------------------
Q7 : On Magic Number, must it be different on every chart windows (different pairs) that is opened?
A7 : Yes. Or EA trades will be mixed, and EAs will fight to open/close each others trades.
-------------------------
Q8 : For Ver5, can it work on any timeframe or is it better to use 1m chart?
A8 : It can work on any time frame, but remember in V5 Trigger will take place at Bar Close, so fo Aggressive Trading, you better choose low time frames (M1, M5).
-------------------------
Regards,

Khalil
No guts, no glory
  • #453
  • May 26, 2015 2:09am May 26, 2015 2:09am
Hi Khalil,

when using M1 chart, is the code ready for following changes

higher time frame 1 to 'M5'
higher time frame 2 to 'M15'
higher time frame 3 to 'M30'

so that it react faster compared to the default H1, H4, D1? (Since we are talking about short term scalping here)

will this changes affect any and what would that be?
  • #454
  • May 26, 2015 2:28am May 26, 2015 2:28am
Quoting belief
Hi Khalil, when using M1 chart, is the code ready for following changes higher time frame 1 to 'M5' higher time frame 2 to 'M15' higher time frame 3 to 'M30' so that it react faster compared to the default H1, H4, D1? (Since we are talking about short term scalping here) will this changes affect any and what would that be?
Absolutely, 5,15,30 are more suitable as HTF for M1.
Default Settings were meant for M15 or M30.
No guts, no glory
  • #455
  • May 26, 2015 1:07pm May 26, 2015 1:07pm
i dont see the numbers above each candle using v5. has that feature been removed?
  • #456
  • May 26, 2015 3:48pm May 26, 2015 3:48pm
Hi Abokwalk

Thank you for what you are offering here, I am finding it very useful.
I trade manually with a separate EA to manage my trades after entry, it would be great if you could make version 5 into a indicator only.
  • #457
  • May 26, 2015 5:47pm May 26, 2015 5:47pm
Dear Khalil, is it possible to add Starting Hour:Minute and Ending Hour:Minute in next version?

If i can only make 1 request, this would be the one. Thank you in advance.
  • #458
  • May 27, 2015 1:33am May 27, 2015 1:33am
Quoting logic38
Hi Abokwalk Thank you for what you are offering here, I am finding it very useful. I trade manually with a separate EA to manage my trades after entry, it would be great if you could make version 5 into a indicator only.
OK.

Quoting belief
Dear Khalil, is it possible to add Starting Hour:Minute and Ending Hour:Minute in next version? If i can only make 1 request, this would be the one. Thank you in advance.
OK.


Just allow me some time as I am really overwhelmed with my daily job.
No guts, no glory
  • #459
  • May 27, 2015 4:04am May 27, 2015 4:04am
Need4Speed Turbo Version (News Version).

For Majors Speed Threshold should be at least 100 PPS (100 Points Per Second = 10 Pips Per Second)

This will work in Aggressive Mode : Whenever Speed Exceeds the Speed Threshold (Not at bar close as it will be too late).

Filters are disabled by default.

I've also changed the Start and Ending Hours to Start and Ending Times. These should be entered in HHMM format (i.e. 0115 for 01:15, 1530 for 15:30 ... etc).

TESTING ONLY PLEASE
Attached File(s)
File Type: ex4 N4S_Turbo_01.ex4   57 KB | 415 downloads
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  • #460
  • Edited 4:36am May 27, 2015 4:24am | Edited 4:36am
I've attached the Turbo version to USDCAD, GBPCAD for Red CAD news today.

Speed 150PPS for USDCAD, and 200PPS for GBPCAD
Lots=1
SL=TP=500 Points for USDCAD and 750 for GBPCAD
No Filters

This is running on a new account with 10K St. Bal .

EDIT : Changed inputs for both pairs.
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