{quote} Scalpers with very low spread can try lower time frames down to M1. @nonlinear tested on H4.
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What range do you consider to be a "very low spread"? And out of the 21 pairs, which are the most ideal for scalping? I will be testing the lowest time frames and post results here. By the way...all upgrades to the close all trader management EA and Cross trader EA sounds great! I think the upgrades would benefit everyone if done sooner than later. It's crunch time, test and we go live. Let's do this! Appreciate u man...
{quote} What range do you consider to be a "very low spread"? And out of the 21 pairs, which are the most ideal for scalping? I will be testing the lowest time frames and post results here. By the way...all upgrades to the close all trader management EA and Cross trader EA sounds great! I think the upgrades would benefit everyone if done sooner than later. It's crunch time, test and we go live. Let's do this! Appreciate u man... BoHanna
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If you are planning to run the CrossTrader on multiple pairs, you need to be aware of correlation issues.
For example if you run it on all Yen crosses, it is possible that the EA will open trades on some or all Yen Crosses, and so your account exposure to the Yen will be high.
So you need to EITHER distribute the risk among these crosses OR limit trading max 2 Yen Cross.
Same concept should be applied to other Crosses.
For scalping, its better to use commission-based accounts with low spread. In this context spread + commission should be around 3 pips on GBPJPY.
If I will trade one pair with CrossTrader my first choice will always be GBPJPY.
{quote} If you are planning to run the CrossTrader on multiple pairs, you need to be aware of correlation issues. For example if you run it on all Yen crosses, it is possible that the EA will open trades on some or all Yen Crosses, and so your account exposure to the Yen will be high. So you need to EITHER distribute the risk among these crosses OR limit trading max 2 Yen Cross. Same concept should be applied to other Crosses. For scalping, its better to use commission-based accounts with low spread. In this context spread + commission should be...
{quote} If you are planning to run the CrossTrader on multiple pairs, you need to be aware of correlation issues. For example if you run it on all Yen crosses, it is possible that the EA will open trades on some or all Yen Crosses, and so your account exposure to the Yen will be high. So you need to EITHER distribute the risk among these crosses OR limit trading max 2 Yen Cross. Same concept should be applied to other Crosses. For scalping, its better to use commission-based accounts with low spread. In this context spread + commission should be...
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This is really great advice. Every tip you've given throughout this thread should be put into a PDF manual for download. Excellent work! And thank u very much.
abokwaikthank you for this great TS and EA, and thank you for all users of this thread.
sorry for my bad english, i had installed only the indicator, on eur/Jpy but no signal, no movement, nothing...
why?? i had installed on a demo mt4 fxpro.
i think have to change set, so.. wich set for the indicator? Thank you.
is this right and shall it still be placed on 5 min with these settings?"
Yes, that is right. The 1HR and Daily are simply the signal timeframes. Feel free to test different signal time frames as well as chart timeframes which is what I will be doing as well.
In response to PipCruiser: "Trade tf : 1 HR High tf: Daily is this right and shall it still be placed on 5 min with these settings?" Yes, that is right. The 1HR and Daily are simply the signal timeframes. Feel free to test different signal time frames as well as chart timeframes which is what I will be doing as well.
Thanks BoHanna, so the attached settings with EA placed on 5 min chart should be pretty much these settings or am I missing something? Thx PC {quote} {image} {image}
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Yes, that's how I began. I'm gonna further test by reducing the spread to 20 and 30 max. Then test signal times all the way down to 5min while keeping higher signal one or two steps above primary signal time (make sense?). That's all there is to it. Optimize, then test and re-test. Good luck! Keep me posted.
Its appears the cad/jpy two trades today in Khalil's cross trader were comfortable winners however I thought I was running the same EA on 30 min signal on a 5 min chart the same as Khalil however both my trades were losing trades! (see attached image) Does anyone know what's going on?
