That's manaul method, just that too boring trading in H4 TF, I converted it to EA just to entertain myself.

Hi Piptrader Tim, I would like to try out your ea with my broker and see how will it works. If you are willing to share the ea I would be happy to test it out.

Thanks

Neil

The JagEA has been updated!

I started with the ISEA algorithm and ventured on. My scalper uses the following indicators:

-williams percentage range - for exiting
-moving averages for sideways market detecting, position entering and custom T/P
-Bollinger bands for entering and custom T/P
-Average True Range for S/L

Other features:
-Cross currency correlation
-MTF capability
-News filter

I use the cross currency correlation to try to 'detect' that a trend is going to go against you. I have also made it trade using multiple time frames to increase the number of positions at once, ofcourse this increases drawdown if the trend goes against you, but because I am trying to detect this it works well. This gives me more wins across all time frames with higher T/P settings for each timeframe.

from 2007 to today, even through the recent recession during backtests it increased equity at all times. I have been on it live without the MTF and it worked well, only 1 S/L of 24 pips because I didn't have the news filter on! Everytime I went up on my account I placed some manual trades and lost ofcourse! So my account is actually down... however I am thinking about losing the MT4 bucket shops and trying a real broker. I have ported the code over to JForex and want to start off with $10k with Dukascopy... all the code is in one mq4 file which makes this possible using the JForex converter.

I may open a managed account if I get alot of people interested.

Attached Images

jagea.JPG (119.1 KB, 606 views)

Nice work, Jsidhu

You might want to contact thecollectivefx.com and get on their waiting list; they are one of the few non bucket shops for MT4 users. I can test it on a demo account at the Collectivefx if you would like.

I just discovered the ISEA a little while back on bestforex : best forex

The instructions for ISEA points you to SigmaForex.com, so that was the first red flag. Apparently this version was written by one of their developers and/or business development folks. I tried it out today, and I was actually surprised that Sigmaforex was still open. They've scammed so many folks I thought they'd be out of business by now.

For this version I opened a demo SigmaForex NDD account with 1:100 leverage. There are only four settings on this version. I changed the TradeVolume to 45. Everything else is preloaded. 1M charts for the EUR/CHF and EUR/GBP. I'm finding that it works for the EUR/USD as well. This chart is from one day's trades, actually just a few hours. Check the trade times.

I'm not a coder; the only thing I changed in the MQ4 was the expiration date. If there are any other EAs out there based on ISEA that will work with reputable brokers I'd love to hear about them. Check out the code and see if you can do anything with it.

Attached Images

DetailedStatement.gif (4.8 KB, 657 views)

Attached Files

	INVESTIVA SUPER EXPERT ADVISORT (ISEA) FOR 4 DIGITS BROKERS~.ex4 (5.2 KB, 235 views)
	INVESTIVA SUPER EXPERT ADVISORT (ISEA) FOR 4 DIGITS BROKERS~.mq4 (4.3 KB, 470 views)
	DetailedStatement.htm (343.0 KB, 340 views)

Its funny how people use things when they don't know how it works. That is exactly what will get you into trouble in Forex. If you don't know how your robot is trading you are walking blind off of a cliff.

SigmaForex is a bucketshop that has very low spreads. Ofcourse ISEA will work well, so will any other scalper with 1 pip fixed spread.

ISEA is just an idea... just another idea how to get very low pip trades in a non volatile market.

I wouldn't touch EURUSD with a stick with any scalper unless you have $100k and your lots are 0.1

I would rather get away from the mt4 platform altogether... You can filter the feed easily in the MT4 server settings so its very hard to tell which brokers are good, and will be good once you make a lot of money (remember that regulation is a big part of the game, you don't want someone stealing your million bucks as soon as you have a good strategy).

My EA is NOTHING like ISEA anymore, it is totally different ISEA is only a program with about 50 lines of code, simple idea with no substance but it did help me get onto the right path with which I created my EA.

Just stick to your strategy, manually trade it and once proven successful get someone to create an EA for you. That is the only way you will win if you are not a programmer. Otherwise its hard not to fall in the 99% of people who walk away with nothing but shattered dreams of becoming financially free lol.

Jag

I would not mind using an EA I didn't understand.... if it worked. I wouldn't mind at all. I've worked with and managed developers for the last 15 years, so asking a developer for help is second nature to me.

I put the code out here so developers could shape it up into something better. Are you willing to share your non ISEA scalper?

This ISEA is a joke. TP of 5 and SL of 29? Not a risk/reward ratio I would be willing to try.

TP of 5 and SL 29 makes sense in the intended environment; SigmaForex. As stated above, this broker is not to be trusted.

So, Jsidhu, are you going to share your code?

If not, can anyone else shape this code up into something we could really use?

what are you talking about... a scalper with those parameters is pretty good actually.

You are forgetting that scalping is about high percentage win rate. Aslong as you are better than ~83% win rate you will be profitable with that setup. My ea shows 99% in backtests... in live who knows but should be better than 90%... my S/L is higher... and my T/P is average of 6 or 7 so hopefully it will work out.


Sharing the code? I don't think so, unless i go live and hit a brick wall and need help developing. So far my backtests show no S/L's since 1999 when backtest data starts so I think I'm ok for now.

I may open a managed account for those who do want to use it. Msg me.


Jag

this is very true. all of it. I liked the idea of ISEA but it's just that, an idea. I won't ever use a robot again where i didn't know the strategy and couldn't trade it myself by hand so i got someone to develop a scalper EA to trade the JPY crosses after my other EA is built that can trade 6 USD crosses and GOLD. that one is a trend following system. I'll be set then i will show some live trade statements.


as far as th filtering goes on mt4, well, I'd say it's gonna cost ya 1000.00 for a currenex bridge and open a currenex account. the bridge can have all the functions programmed into the EA from the bridges mql library for faster execution. this is the route i may go when the account gets very big.

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