Tick Sequence Pattern Scalping EA | Forex Factory

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Tick Sequence Pattern Scalping EA

  • #1
  • First Post: Edited May 29, 2017 5:24pm Jun 16, 2015 9:14am | Edited May 29, 2017 5:24pm
This EA trades based on sequence of Bid and Ask patterns. The EA is experimental and under development. Use it at your own risk!

--- Update 2017-05-29 ---
Version 1.60 of the EA released. This version opens positions based on strong bullish/bearish patterns of bid/ask sequences.
Attached File(s)
File Type: ex4 MT7_TickSeqPatternEA.ex4   47 KB | 1,049 downloads | Uploaded May 29, 2017 2:38pm
Trading is the hardest way to make easy money...
  • #2
  • Jun 16, 2015 9:42am Jun 16, 2015 9:42am
Hi MT,

Will start testing EA now using original settings. Problem I have is that EA wont activate. When I drag EA to chart I can see smily on the chart but when I click OK, then it disappears... Any advise?

lind
  • #3
  • Jun 16, 2015 9:47am Jun 16, 2015 9:47am
Somehow the EA closes after appyling it on a chart.. All MT settings are correct. (tried it on a 4 digit broker)
  • #4
  • Jun 16, 2015 9:50am Jun 16, 2015 9:50am
Quoting Robertk
Somehow the EA closes after appyling it on a chart.. All MT settings are correct. (tried it on a 4 digit broker)
Yeah, same here with 5 digit broker
  • #5
  • Jun 16, 2015 9:55am Jun 16, 2015 9:55am
Quoting lind
{quote} Yeah, same here with 5 digit broker
It might have to do with tick charts (MathT made another EA that creates these charts). Perhaps need to use in conjunction but lets await his answer.
  • #6
  • Jun 16, 2015 10:24am Jun 16, 2015 10:24am
Quoting lind
Hi MT, Will start testing EA now using original settings. Problem I have is that EA wont activate. When I drag EA to chart I can see smily on the chart but when I click OK, then it disappears... Any advise? lind
Hello Lind, the EA only works on M30 and H1 charts. The EA generates a message in this regard in the Expert tab of the MT4 platform.
Trading is the hardest way to make easy money...
  • #7
  • Jun 16, 2015 10:28am Jun 16, 2015 10:28am
Quoting MathTrader7
Here I am sharing one of my scalping EAs that opens positions based on tick sequence patterns. I would like to have a group of interested traders to test the performance of this idea, and possibly improve it. The default pattern length is set to 5, and the buy and sell sequence patterns (at the current state of the EA) are defined as below: Buy Ticks Sequence Pattern: 5 4 3 2 1 Sell Ticks Sequence Pattern: -5 -4 -3 -2 -1 There are time of trading and maximum spread filters implemented in the EA. The user can also set the TP/SL and trailing stop....

Isn't the sequence suppose to increase before taking a long (increased buying), or decrease before taking a short (increased selling) ?
  • #8
  • Jun 16, 2015 10:28am Jun 16, 2015 10:28am
Quoting MathTrader7
{quote} Hello Lind, the EA only works on M30 and H1 charts. The EA generates a message in this regard in the Expert tab of the MT4 platform.
Hi MT, thanks for this. I placed it on 30 EURUSD chart and seems to be working now. I guess we should try on couple of pairs and doing this I guess I need to load EA as well on each individual pair but only to change magic number. Please confirm this is the case.
  • #9
  • Jun 16, 2015 10:37am Jun 16, 2015 10:37am
Quoting lind
{quote} Hi MT, thanks for this. I placed it on 30 EURUSD chart and seems to be working now. I guess we should try on couple of pairs and doing this I guess I need to load EA as well on each individual pair but only to change magic number. Please confirm this is the case.
My VPS resources are all occupied with many EAs I am running on. I appreciate your help for testing the EA. I think we need to test it with a range of sequence length from 3 to 7, and on different pairs. I suggest that we test the EA during london session (the input time filtering can be used).
Trading is the hardest way to make easy money...
  • #10
  • Jun 16, 2015 10:39am Jun 16, 2015 10:39am
Quoting Mingary
{quote} Isn't the sequence suppose to increase before taking a long (increased buying), or decrease before taking a short (increased selling) ?
You are absolutely right! The pattern is written from the latest to oldest :-)
Trading is the hardest way to make easy money...
  • #11
  • Jun 16, 2015 2:27pm Jun 16, 2015 2:27pm
Quoting MathTrader7
{quote} You are absolutely right! The pattern is written from the latest to oldest :-)
Hi Math thanks for your ea, just small hint do not print on display of MT4 from ea as it is slowing down the ea performance an this is scalper so the better performance the better results. Just my 2 cents
  • #12
  • Jun 16, 2015 2:43pm Jun 16, 2015 2:43pm
Quoting teapeak
{quote} Hi Math thanks for your ea, just small hint do not print on display of MT4 from ea as it is slowing down the ea performance an this is scalper so the better performance the better results. Just my 2 cents
Hi teapeak, You're welcome! :-)
I see your point, but the EA at the current state is in test and debug mode. Let's optimize the code later when it shows some performance....
Trading is the hardest way to make easy money...
  • #13
  • Jun 16, 2015 2:56pm Jun 16, 2015 2:56pm
Thanks, Math...Have opened a new demoacc. for this one, starting from tomorrow, London session...Running on EU, GU, GJ and EG (for now),H1.
  • #14
  • Jun 16, 2015 3:07pm Jun 16, 2015 3:07pm
Quoting bazze
Thanks, Math...Have opened a new demoacc. for this one, starting from tomorrow, London session...Running on EU, GU, GJ and EG (for now),H1.
You're welcome! :-)
Thanks for your help! If it is possible for you, please let us know the results at the end of the London session every day.
Trading is the hardest way to make easy money...
  • #15
  • Jun 16, 2015 3:44pm Jun 16, 2015 3:44pm
Quoting MathTrader7
{quote} You're welcome! :-) Thanks for your help! If it is possible for you, please let us know the results at the end of the London session every day.
Shall do my best...
  • #16
  • Jun 16, 2015 4:41pm Jun 16, 2015 4:41pm
Suscribed and testing!
Trade, don't bet.
  • #17
  • Jun 16, 2015 4:44pm Jun 16, 2015 4:44pm
Hello Math7.

I am willing to help workout the idee.
If you give us the source we can better help. If you dont want to make this public (wich i respect) , than i like to know more about the strategy. I am used to write my own EA's , so i can reversed engeneer.
I have a kind of grid scalper running mainly on DAX. Sometimes i install for larger steps, sometimes i install for small steps (HFT).
I can modify the thing totaly on the fly.
So to make it short where can i read about the basics.
Thanks for bringning up the idee.
Piet C
  • #18
  • Jun 16, 2015 4:48pm Jun 16, 2015 4:48pm
Quoting MarketFox
Suscribed and testing!
Thanks MarketFox!
Trading is the hardest way to make easy money...
  • #19
  • Jun 16, 2015 4:52pm Jun 16, 2015 4:52pm
Quoting MathTrader7
{quote} My VPS resources are all occupied with many EAs I am running on. I appreciate your help for testing the EA. I think we need to test it with a range of sequence length from 3 to 7, and on different pairs. I suggest that we test the EA during london session (the input time filtering can be used).
testing on several pairs with TS 5 / 30m TF.
  • #20
  • Jun 17, 2015 10:39am Jun 17, 2015 10:39am
no trades with default settings during europe session.

tried in backtester also could not get it to take any trades.

gu had a nice move but no action on my end.

maybe its just me.
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