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Need4Speed Scalping

  • #481
  • May 28, 2015 7:51am May 28, 2015 7:51am
The currency strength idea is always of interest to me but I trade the DAX index. Does anyone know of an 'Index Strength' indicator please?
  • #482
  • May 28, 2015 7:52am May 28, 2015 7:52am
And I should also have said that today the N4S version 3 EA in combination with Stochs and Bands has been good for 30 points ++. Nice.
  • #483
  • May 28, 2015 9:22am May 28, 2015 9:22am
Quoting IndexScalper
The currency strength idea is always of interest to me but I trade the DAX index. Does anyone know of an 'Index Strength' indicator please?
Do you mean something like this?
Attached File(s)
File Type: ex4 Nihilist_CSM_mtf_V2.ex4   30 KB | 474 downloads
Have a nice day
  • #484
  • May 28, 2015 11:36am May 28, 2015 11:36am
Thanks very much doerpn, I'll take a look!
  • #485
  • May 29, 2015 11:07am May 29, 2015 11:07am
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.



Just allow me some time as I am really overwhelmed with my daily job.
Learn, Share, Respect and Enjoy your life



Abokwalk just a little reminder, if you get a chance, thank you
  • #486
  • May 30, 2015 2:14am May 30, 2015 2:14am
I was driving like a crazy last week,
at a very high speed,
never used breaks,
ignored all the signals, including the red ones,
which eventually broke my car into pieces.

Account went up to 130% in 20 days, and the went down to -60% in 5 days.

Trading at high leverage with no stops is definitely a failure formula.
No guts, no glory
  • #487
  • May 30, 2015 2:26am May 30, 2015 2:26am
Quoting abokwaik
I was driving like a crazy last week, at a very high speed, never used breaks, ignored all the signals, including the red ones, which eventually broke my car into pieces. Account went up to 130% in 20 days, and the went down to -60% in 5 days. Trading at high leverage with no stops is definitely a failure formula.
Hey,

Always accept your tight loss... : )

I would like to share my idea, if you can add it to your indi that would be great ^^
For these who trade this strategy manually or not, I recommend to use csDash and focus the the pairs on top and only allow to trade one direction (buy or sell)
http://www.forexfactory.com/showthre...19#post8241719

Cheers
  • #488
  • May 30, 2015 8:28am May 30, 2015 8:28am
Need4Speed Histogram Indicator

This is a pure indicator, and it uses regular timing (not OnTimer function), so it can be used for back testing.

For MQL Coders : You can use it with EAs using iCustom. Index 0 for Bears, Index 1 for Bulls. It uses the logic of N4S_05 (Impulse Power).

This is a screen shot using MT4i Trading Simulater v2

Attached Image (click to enlarge)
Click to Enlarge Name: n4s_Histogram.png Size: 62 KB
Attached File(s)
File Type: ex4 N4S_Histogram.ex4   9 KB | 1,672 downloads
No guts, no glory
  • #489
  • May 30, 2015 9:04pm May 30, 2015 9:04pm
some flaw in strategy using this EA is that the price has already move so much and when u tried to chase it with this EA slippage is too much to pay, and often it would reverse on you, unless there is a MTF stochastic filter.
  • #490
  • May 30, 2015 9:25pm May 30, 2015 9:25pm
Hi guys can someone explain how to use the CR Count? thanks
  • #491
  • May 31, 2015 2:30am May 31, 2015 2:30am
Quoting libbo2003
Hi guys can someone explain how to use the CR Count? thanks
What do you mean by CR, if you mean Cr_Speed (Current Speed), it is the number of Points or Pips the price traveled in the last time unite (1 second, or whatever you set in the inputs).
No guts, no glory
  • #492
  • May 31, 2015 4:41am May 31, 2015 4:41am
Quoting abokwaik
{quote} What do you mean by CR, if you mean Cr_Speed (Current Speed), it is the number of Points or Pips the price traveled in the last time unite (1 second, or whatever you set in the inputs).
Yes I am not sure how to incorporate it to the rest of the EA.
I am trying to set a suitable input for M5 dax chart using the turbo set up(latest) I know some have a 10 Limit/10 Stop but would really need a 2;1 Ratio minimum for Money management.
  • #493
  • May 31, 2015 4:51am May 31, 2015 4:51am
Quoting libbo2003
{quote} Yes I am not sure how to incorporate it to the rest of the EA. I am trying to set a suitable input for M5 dax chart using the turbo set up(latest) I know some have a 10 Limit/10 Stop but would really need a 2;1 Ratio minimum for Money management.
Current Speed is not used in Robot, it is informative only.
What is used is the Speed Threshold.

You need to monitor the robot (while disable Live Trading), to see the Maximum Bull/Bear Readings and use a number close to the Max for Turbo Trading.
For Example if during Red News Max Speed reached 340 (or -340), while on regular times its around 120 (or -120), then a good setting would be above between 200 and 300 for Speed Threshold in order to catch the big move on red news.
No guts, no glory
  • #494
  • May 31, 2015 5:08am May 31, 2015 5:08am
Quoting abokwaik
{quote} Current Speed is not used in Robot, it is informative only. What is used is the Speed Threshold. You need to monitor the robot (while disable Live Trading), to see the Maximum Bull/Bear Readings and use a number close to the Max for Turbo Trading. For Example if during Red News Max Speed reached 340 (or -340), while on regular times its around 120 (or -120), then a good setting would be above between 200 and 300 for Speed Threshold in order to catch the big move on red news.
Ok so turn off the Live trading in the EA Properties? thanks for your help.
  • #495
  • May 31, 2015 3:18pm May 31, 2015 3:18pm
Can this work to be able to do some backtesting ?
It will never be like the real OnTimer function call, but with some good tick data shouldn't be too bad.
Sorry I haven't got the time to compare live to backtesting results.
Please have a go.

void OnTick()
{
static datetime TestingTime;
if(IsTesting())
{
if(TimeCurrent()> TestingTime + speed_timer)
{
//Log("OnTick for OnTImer 2 =" ,TestingTime, TimeCurrent() );
OnTimer();
TestingTime=TimeCurrent();
}
}
}
  • #496
  • Jun 1, 2015 5:36am Jun 1, 2015 5:36am
Hello Abokwaik,
After many days of test on version 4 automated. Most of the trades are loosers. i use a 50pts sl/sp on eurusd and gbpusd and gbpjpy.
Would your release a contrarian automated version?
tx a lot for your great work.
S
  • #497
  • Jun 1, 2015 6:55am Jun 1, 2015 6:55am
I set up the Turbo version for the US Red news on some USD pairs, lets see how it will do.
No guts, no glory
  • #498
  • Jun 1, 2015 7:13am Jun 1, 2015 7:13am
Quoting abokwaik
I set up the Turbo version for the US Red news on some USD pairs, lets see how it will do.
EURUSD gave misleading signal, showing 139 Bulls vs -78 Bears, and it went down sharply, I don't know what to read from this. But it seems to me the Turbo version is very dangerous.
No guts, no glory
  • #499
  • Jun 1, 2015 7:17am Jun 1, 2015 7:17am
I am in favor of no further automation of this system, and use it for manual trading only, and then translate what works on manual to auto if possible.
For people who would like to further automate, an indicator has been already provided which they can setup and use in their automation.

Regards,

Khalil
No guts, no glory
  • #500
  • Jun 1, 2015 8:36am Jun 1, 2015 8:36am
Abokwaik,
Wouldn't you test the parameters i use on the 3 markets in automated? i guarantee it losses 70% of the time so in a contrarian mode we would do a killing.
please consider.
tx
S
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