Scalper with 100% winning trades

Kurka Fund · #1 (**permalink**) 02-06-2007, 09:15 PM

I made a new scalper system that has been working great , no losing trades so far with real money. lost a total of 4 trades backtested from 1-06 through 1-07, with a 10 pip stoploss.

the problem is that it is similar to the old version of cyberia that only takes one pip in profit on the majority the trades. I am looking for a way to hold the position longer and capture more of the profit while locking in the 1st pip.

anyone here have any code that does this? I cannot figure out how to write it.

What I would like is to set the takeprofit at 10 and capture as much of it as possible if it only goes to say 6 or 7.

I was thinking like this

PHP Code:


			
tp = 10 

if ( Bid > OrderOpenPrice() + 3 * Point ){

   FakeSL = 1;

   }

if ( Bid > OrderOpenPrice() + 4 * Point){

  FakeSL = 2;

  }



I use FakeSL with OrderClose to close the orders because you cannot set your sl and tp too tight...like this 



if ( Bid > OrderOpenPrice() + FakeSL) { 

   OrderClose(OrderTicket(), OrderLots(), OrderClosePrice(), 3, Blue);

   }

Anyone know how I can .... go for 10, but if it doesent quite make it there lock in the following ..

Accual bid - Lockin # of pips

10 - take profit
9 - 8
8 - 7
7 - 6
6 - 5
5 - 3
4 - 2
3 - 1

I just cant get it to work....thanks for your help

smeden · #2 (**permalink**) 02-06-2007, 09:43 PM

Could you post the EA, we would be able to help.

Kurka Fund · #3 (**permalink**) 02-07-2007, 03:21 AM

I would be happy to share it with people who help code it...

mikhaildgreat · #4 (**permalink**) 02-07-2007, 03:49 AM

Quote:

Originally Posted by Kurka Fund

I would be happy to share it with people who help code it...

So from what i understand you are trying to make a fake trailing stop? but from what point must it be triggered? 2 pips? 3 pips?

the reason I ask this is if you add a trailing stop you must expect more losses because instead of having a target of 1pip you must set a higher target now just to secure that one pip.

Anyhow I would love to see how your EA works and I would love to help you fix it.

Regards,
Mikhail

mikhaildgreat · #5 (**permalink**) 02-07-2007, 04:13 AM

Also I would like to point out that backtest is not very reliable with EAs with such a small target profit. 90% modeling quality is no good. there is a guy in the forum that can test EAs with 99% modeling quality. You should have him test this EA before further development.

Regards,
Mikhail

Quote:

Originally Posted by Kurka Fund

I made a new scalper system that has been working great , no losing trades so far with real money. lost a total of 4 trades backtested from 1-06 through 1-07, with a 10 pip stoploss.

the problem is that it is similar to the old version of cyberia that only takes one pip in profit on the majority the trades. I am looking for a way to hold the position longer and capture more of the profit while locking in the 1st pip.

anyone here have any code that does this? I cannot figure out how to write it.

What I would like is to set the takeprofit at 10 and capture as much of it as possible if it only goes to say 6 or 7.

I was thinking like this

PHP Code:


			
tp = 10 

if ( Bid > OrderOpenPrice() + 3 * Point ){

   FakeSL = 1;

   }

if ( Bid > OrderOpenPrice() + 4 * Point){

  FakeSL = 2;

  }



I use FakeSL with OrderClose to close the orders because you cannot set your sl and tp too tight...like this 



if ( Bid > OrderOpenPrice() + FakeSL) { 

   OrderClose(OrderTicket(), OrderLots(), OrderClosePrice(), 3, Blue);

   }

Anyone know how I can .... go for 10, but if it doesent quite make it there lock in the following ..

Accual bid - Lockin # of pips

10 - take profit
9 - 8
8 - 7
7 - 6
6 - 5
5 - 3
4 - 2
3 - 1

I just cant get it to work....thanks for your help

irusoh1 · #6 (**permalink**) 03-13-2007, 12:50 AM

Shouldn't this say:

if ( Bid < OrderOpenPrice() + FakeSL) // we need less sign for buys

jorgka · #7 (**permalink**) 03-13-2007, 02:44 AM

Hey Kurka, delete some of your PM's. your inbox is full.

Jorgka

holyguy7 · #8 (**permalink**) 03-13-2007, 03:59 AM

I can test your EA with 99% modeling quality using Tick data that I recorded from my live broker feed. It is as reliable as forward testing as I have verified that and is as reliable as live trading as I have verified that as well. If you want to see how your EA does, IM me and I will see what I can do.

Basically, now that I am recording tick data, I no longer forward test. NO real need to now, backtesting at 99% is just as reliable.

Philip

Perky · #9 (**permalink**) 03-13-2007, 04:11 AM

if it has 100% win its not good enough

:-)

I'll test it tho and make it better
perky_z @ yahoo.com

skyline · #10 (**permalink**) 03-13-2007, 08:06 AM

Quote:

Originally Posted by holyguy7

I can test your EA with 99% modeling quality using Tick data that I recorded from my live broker feed. It is as reliable as forward testing as I have verified that and is as reliable as live trading as I have verified that as well. If you want to see how your EA does, IM me and I will see what I can do.

Basically, now that I am recording tick data, I no longer forward test. NO real need to now, backtesting at 99% is just as reliable.

Philip

Hi Philip ,
I was trying too to record tick data from my broker using a procedure find from metaquotes site keeping my pc 24/7 connected but I stopped since the platform a lot of time is disconnecting from server (this is a normal behaviour of metatrader platform), so a lot of tick is losed.
I'm supposing that you are doing in the same way to collect the tick data.
Isn't this a big problem if you want to collect all ticks informations ? Was you able to hit 99% modelling quality even if mt plaftorm suffer all this disconnection ?

thx
Skyline

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Winning Solution 9.3	winning-solution.net	Commercial Trading Systems and indicators	28	07-24-2008 02:32 PM
65% winning system	fxsterling	General Discussion	4	06-17-2007 05:17 AM
winning solution expert	rzamany	Expert Advisors - Metatrader 4	27	01-22-2007 08:27 PM

Register in Forex TSD!
Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time). Click here to register and get more information