Forex
Google
New signals service!

Go Back   Forex Trading > Commercial systems > Raw Commercial Ideas


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

Reply
 
LinkBack (6) Thread Tools Display Modes
  #11 (permalink)  
Old 08-18-2007, 07:45 AM
Member
 
Join Date: May 2006
Posts: 57
kermut is on a distinguished road
Wink

Not sure if you guys have paid any attention to the statement, but the ea is hitting tp at 3-4 pips, while employing a sl of 30 or so pips. Now, I fully understand that the ea might have a sl built into it to be triggered at a much lower negative value, and fully appreciated the concept of scalping. I do it myself.

I usually don't post if I don't have anything useful to add. But I have seen this type of demo before, and seen the pitfalls of it as well. I don't know what sort of experience you have trading markets (not hard to have more than me :-) but I can tell you now that if you are going to go live with using the results of a demo account, you will lose money as quickly as the movements of gbp/jpy this week. Below is the reason:

When trading on demo, you will get filled absolutely at the price you want. That is for entry and exit. No doubt about that. You go, YOU BEAUTY. I am onto a winner here. Go live, and the reality is so different. You will always get a minimum of 1 pip slippage. Could be on entry or exit. On swing trading, not much of a deal, but for your strategy from what I can see, 1 pip = anywhere between 20% - 33% of your profit. That is a hell a lot of profit to give away, and scalping requires a very very hit succes rate % to be effective in the long run.

My only suggestion would be that if you are confident enough about ur ea, find some reputalbe programmers, who can test it on tick data, if shown to be satisfactory, pay a programmer to program it into API to trade on currenex, and then see the money pouring in. This sort of trading will definitely lose on any mt4 broker. Doesn't matter what the spread is, eg crownfx have 1 pip spread on the pairs u have in ur statement. But it will not work.

Regards,
K.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #12 (permalink)  
Old 08-18-2007, 08:51 AM
yyc196's Avatar
Senior Member
 
Join Date: Dec 2006
Location: Earth
Posts: 197
yyc196 is on a distinguished road
Spread must bevery low for scalping

People who scalp usually place tight SL and small TP. That is why they have to enter and exit fast many in a day. Due to the small TP small spreads become the determining issue.

Use ECN to scalp could be the solution.

Comments only.

Regards
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #13 (permalink)  
Old 08-18-2007, 09:48 AM
Senior Member
 
Join Date: Apr 2007
Posts: 179
philt is on a distinguished road
listen you can demo alday long...If only life were a demo...lol

Real live trading will ask more of you as an individual more than anything you will know...

Demo's....LMAO
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #14 (permalink)  
Old 08-21-2007, 10:51 PM
auto's Avatar
Senior Member
 
Join Date: Jan 2006
Location: Tokyo
Posts: 222
auto is on a distinguished road
Lightbulb ECN Info

It's chugging along fine with no loss yet .. Looks like only 10 pips a day!

I guess ECN is the best place for such trading.

regards.
Attached Images
File Type: jpg timex2.JPG (131.4 KB, 1090 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #15 (permalink)  
Old 08-27-2007, 08:53 AM
auto's Avatar
Senior Member
 
Join Date: Jan 2006
Location: Tokyo
Posts: 222
auto is on a distinguished road
Lightbulb More Scalpers

Started more scalpers .. low spread brokers are most suitable. This may rule out ibfx, mig.

Original Scalper - Timex

New Scalper 1 - BarTender

New Scalper 2 - Spikey

The idea is that if we can get more than 20 trades a day it will help the equity grow quickly in a diversified way.

There can be two types of exit strategy here :

1) Take low consistent profits.
2) Take higher profits with more losses.

As we can see "low consistent" seems to be paying well. Though Spikey could use a little more leeway. Lets see how they do this week.

regards.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #16 (permalink)  
Old 08-27-2007, 09:11 AM
auto's Avatar
Senior Member
 
Join Date: Jan 2006
Location: Tokyo
Posts: 222
auto is on a distinguished road
Lightbulb Spikey

Spikey exit can be possibly more .. will lessen "min trade time" concern of the brokers.

regards.
Attached Images
File Type: gif spikey1.GIF (26.0 KB, 1005 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #17 (permalink)  
Old 08-28-2007, 07:49 AM
auto's Avatar
Senior Member
 
Join Date: Jan 2006
Location: Tokyo
Posts: 222
auto is on a distinguished road
Lightbulb Scalper Signals

Latest update ..

Timex .. working well with no loss in 31 trades
BarTender .. mixed trades still positive results
Spikey .. adding more target to it

Thank you for your PMs and mails. We cannot distribute the code but definately we can deliver the signals to your desktop MT4. If there is enough interest we can put all the 3 scalpers in one account and provide the investor logins to those who want to trade along side.

Though the targets are small, often you can get a better entry by 5-10 pips. This will also enhance profit.

Is any one interested? Will it be useful?

regards.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #18 (permalink)  
Old 08-28-2007, 12:18 PM
Senior Member
 
Join Date: Aug 2006
Posts: 126
ruparaw is on a distinguished road
Quote:
Originally Posted by auto View Post
Latest update ..

Timex .. working well with no loss in 31 trades
BarTender .. mixed trades still positive results
Spikey .. adding more target to it

Thank you for your PMs and mails. We cannot distribute the code but definately we can deliver the signals to your desktop MT4. If there is enough interest we can put all the 3 scalpers in one account and provide the investor logins to those who want to trade along side.

Though the targets are small, often you can get a better entry by 5-10 pips. This will also enhance profit.

Is any one interested? Will it be useful?

regards.
count me in
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #19 (permalink)  
Old 08-28-2007, 12:47 PM
auto's Avatar
Senior Member
 
Join Date: Jan 2006
Location: Tokyo
Posts: 222
auto is on a distinguished road
Lightbulb Status and Subscribe

This is the latest status .. for direct login to our MT4 account can you please send an email to info at fxthinker dot com.

thank you.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #20 (permalink)  
Old 08-28-2007, 02:26 PM
Senior Member
 
Join Date: Aug 2006
Posts: 126
ruparaw is on a distinguished road
I just got the login details...tq auto. Looking forward the 3 strategy in 1 platform ac...if finally you manage to find the broker that allow to use your sclaper do you plan to sell the ea to us?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off
Forum Jump

LinkBacks (?)
LinkBack to this Thread: http://www.forex-tsd.com/raw-commercial-ideas/9137-low-frequency-scalper.html
Posted By For Type Date
Forex Scalping Tsd This thread Refback 03-13-2008 03:10 PM
EA for scalping This thread Refback 09-04-2007 11:45 AM
EA for scalping This thread Refback 09-04-2007 11:44 AM
Forex Trading | MetaTrader Indicators and Expert Advisors - Economic Calendar This thread Refback 09-01-2007 07:49 AM
OANDA FXMessage: New Scalping Method This thread Refback 09-01-2007 03:50 AM
OANDA FXMessage: New Scalping Method This thread Refback 09-01-2007 01:36 AM

Similar Threads
Thread Thread Starter Forum Replies Last Post
New Multi Lot Scalper faifarni Martingale/Average Cost and Hedging 194 08-11-2008 11:35 AM
FX Scalper PX4 Roets Suggestions for Trading Systems 77 06-19-2008 07:17 AM
Scalper GBP M5 hellkas Expert Advisors - Metatrader 4 8 04-15-2008 06:23 PM
Multi Lot Scalper P Day freak Expert Advisors - Metatrader 4 2 08-16-2006 02:26 PM


All times are GMT. The time now is 07:21 PM.



Search Engine Friendly URLs by vBSEO 3.2.0 ©2008, Crawlability, Inc.