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.

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

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

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

timex2.JPG (131.4 KB, 1090 views)

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.

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

regards.

Attached Images

spikey1.GIF (26.0 KB, 1005 views)

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

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.

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?