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Finding the right expert...

  • #161
  • Mar 6, 2017 4:50am Mar 6, 2017 4:50am
Have to leave the platform up and running 24/7. If the platform is closed and reopened fishing will reset to look for the 200 pip move from the time it is reopened.
Different pairs on the same account should have different magic numbers so they can be managed by the expert independently.
For now I have all 18 set up on one demo.
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  • #162
  • Mar 6, 2017 5:00am Mar 6, 2017 5:00am
EURGBP was set too low... 50 pip step...it should be 200 pip step.
It took the trade at a 50 step and then another recovery trade at another 50 pips and has been trying to work its way out since Friday.
This won't happen with the higher steps. Trades are closed very quickly. Rarely if ever are recovery trades needed.
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  • #163
  • Edited 9:36am Mar 6, 2017 5:19am | Edited 9:36am
typical trade this is the tester.. EURTRY is intense. It needs a 500 pip step... no it needs 650 pip step..
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  • #164
  • Mar 6, 2017 7:49am Mar 6, 2017 7:49am
Quoting jiva34
EURGBP was set too low... 50 pip step...it should be 200 pip step. It took the trade at a 50 step and then another recovery trade at another 50 pips and has been trying to work its way out since Friday. This won't happen with the higher steps. Trades are closed very quickly. Rarely if ever are recovery trades needed. {image}
Closing it for a small loss just to get out.
  • #165
  • Mar 6, 2017 3:10pm Mar 6, 2017 3:10pm
Pretty much all set up with Fishing ea.
Now to turn attention back to the Dragon.
I think I have found the sweet spot with the Dragon.
To take advantage it's many good features.
The way it trades is placing a buy and sell immediately upon set up with a preset tp for each.
By setting a large enough tp, say 100 pips they remain hedged with no drawdown until one of them hits the tp
If the martingale step is set the same as the tp then the the preset tp of the one stillopen and in the negative will open a Martingale recovery position.
And that tp will modify to come more in reach.
the ea also open another trade in the direction of the winning trade at that same price.
Using 100 pips tp, and 100 pips martingale step means martingale never gets too out there... Which Martingale is famous for.
Watching it in the tester is beautiful. How the hedge works and the limitation on Martingale. Even through Brexit it held together nicely.
Expect long periods of waiting for something to close and be prepared to support some drawdown.
But it doesn't appear to be susceptible to the a total crash.
Here's what happens. the stop for the losing trades keeps moving closer... the position sizes increase, that's Martingale kicking in, when the losing trade finally closes the gain is very significant.
This was net about $400... when it finally closed. Martingale increased from .01 to.34...
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  • #166
  • Mar 6, 2017 3:17pm Mar 6, 2017 3:17pm
Jan 2016 to Dec 31 2016... EURUSD
the dragon with these setting 100 pips tp and 100 pips Martingale starting with $1000 brought in $2500 profit.
  • #167
  • Mar 6, 2017 3:41pm Mar 6, 2017 3:41pm
Here's a little quirk I notice with both The Fishing ea and the dragon.
They start from arbitrary points. Just they calculate according to their algorithm from the point they are set up to run.
For the Dragon starting Jan 1 2015 it didn't make it through a buig move on Jan 22.
But staring Jan 21 2015 it made it through just fine.

Same with Fishing Ea. It will calculate the open for the desinated step from the tim eit is started to run. Completely arbitrary.

Litewave, the other ea I am looking at is a little more particular using a reference to rsi before opening.
Going to take another look at Litewave.
  • #168
  • Mar 6, 2017 4:42pm Mar 6, 2017 4:42pm
on demo account, tp and sl dont work very well, set all at 0 and use this ea
Attached File(s)
File Type: mq4 RoNz_Auto_SL-TS-TP.mq4   13 KB | 537 downloads
  • #169
  • Mar 6, 2017 5:20pm Mar 6, 2017 5:20pm
Quoting Fernand
on demo account, tp and sl dont work very well, set all at 0 and use this ea {file}
  • #170
  • Mar 6, 2017 6:08pm Mar 6, 2017 6:08pm
Ronz auto sl ea is in points
  • #171
  • Mar 6, 2017 10:10pm Mar 6, 2017 10:10pm
Quoting Fernand
Ronz auto sl ea is in points
This is going to be interesting. Thanks a Million.
  • #172
  • Mar 7, 2017 3:33am Mar 7, 2017 3:33am
Quoting jiva34
EURGBP was set too low... 50 pip step...it should be 200 pip step. It took the trade at a 50 step and then another recovery trade at another 50 pips and has been trying to work its way out since Friday. This won't happen with the higher steps. Trades are closed very quickly. Rarely if ever are recovery trades needed. {image}
Nice concept. As you already pointed out, it all depends exactly where the cycle is starting. On AU below, a $100 account would have been gone after 3 trades because of an entry right below a consolidation area which then makes it a high probability of price moving too far before retracing 5 pips...
Now that would be an excellent extra filter.
Attached Image (click to enlarge)
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  • #173
  • Mar 7, 2017 3:54am Mar 7, 2017 3:54am
Quoting jiva34
{quote} Whoa... Where'd you get this one? It's wild. Thanks... Works like a charm in the tester and probably would work great on a demo.. But what about a live account? I wonder. A broker that supports scalping would be needed. I have accounts with Tradersway they welcome scalpers so that's no problem. Jan 2015 to March 3 2017 $1672 profit starting $1000 .01 {image}
What EA is that?
  • #174
  • Mar 7, 2017 6:34am Mar 7, 2017 6:34am
Quoting Go5
{quote} What EA is that?
sent you a private message
  • #175
  • Mar 7, 2017 7:17am Mar 7, 2017 7:17am
Quoting Go5
{quote} What EA is that?
Okay. Found the website from the person who created it.
It's okay. Freeware. Maybe some other hitches to it though.
http://sweetscalper.blogspot.com/201...t-scalper.html
The download link doesn't seem to work. I sent an email to the address.
The ea I sent you may only work in the tester.
No doubt there is a catch to this somewhere.
You know what they say... Too good to be true... right?
  • #176
  • Mar 7, 2017 7:24am Mar 7, 2017 7:24am
Quoting jiva34
{quote} Okay. Found the website from the person who created it. It's okay. Freeware. Maybe some other hitches to it though. http://sweetscalper.blogspot.com/201...t-scalper.html
Thanks, got it.
  • #177
  • Edited 7:44am Mar 7, 2017 7:27am | Edited 7:44am
Quoting Fernand
Ronz auto sl ea is in points
It can build to $100,000 from $3... in a month.
Now that's interesting...
Can only get the scalper to work in the tester. Have you been able to get it to trade in a demo? Or live?
I found a web page for it..
but the download link must be broken...
http://sweetscalper.blogspot.com/201...t-scalper.html
I think I see the catch.
The person who is posting this free ea is an affiliate for for Pepperstone brokers.
If you sing up for live account with Pepperstone they give this ea free.
Or something like that.
so not sure it will work demo or live on any other mt4 platform except Pepperstone.
I think that's what's going on.
Contacted them. They do not accept US citizens.
Another wild goose chase.
If you are US citizen you cannot do anything at all.
May be time for a dual citizenship status.
  • #178
  • Mar 7, 2017 9:04am Mar 7, 2017 9:04am
Meanwhile the fishing set up is trading. slow and poky but relatively safe.
  • #179
  • Mar 7, 2017 11:57am Mar 7, 2017 11:57am
Here's the response from the coder of Sweet Scalper
Sweet Scalper <[email protected]>
https://boomerangoutlook.baydin.com/...ng_64_blue.png
https://cdn1.evernote.com/outlook/v1...s/app-icon.png
https://www.wunderlist.com/office-ad...standalone.png

Reply|
Today, 2:43 PM
You
Hello there,
for free trial is closed, but you can get this EA unlimited version only $199 for ex4 file, and if you want to get mql4 file , only $299.

thank you
  • #180
  • Mar 7, 2017 1:21pm Mar 7, 2017 1:21pm
Quoting jiva34
Here's the response from the coder of Sweet Scalper Sweet Scalper <[email protected]> {image} {image} {image} Reply| Today, 2:43 PM You Hello there, for free trial is closed, but you can get this EA unlimited version only $199 for ex4 file, and if you want to get mql4 file , only $299. thank you
ok
Attached File(s)
File Type: ex4 Sweet Scalper.ex4   23 KB | 480 downloads
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