Your opinion wanted - page 6
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tonny,
A scalping strategy should be tested with 99% modeling quality because most likely, a scalping strategy uses "Every tick" when tested in the MQL4 tester.
If you're using "Open prices only" then I'd believe we'd agree, 90% modeling quality would suffice.
What I'm interested in regarding your strategy are the following points.
1. What modelling quality is your EA being run on ?
2. When testing your EA do you run "Every tick", "Control points" or "Open prices only" ?
3. What are your EA's signals for entry/exit ? (I'm guessing it uses a "ranging strategy type" method, buy at lows and sell at highs).
4. What time-frame does your EA run on? Why does it have to run on that time-frame? Why can't your EA be run on lower/higher time-frames?
I will say congrats for writing an EA showing an upward equity curve when testing :) (clapping hands 3x).
Thanks for opening this thread and sharing your thoughts regarding your EA.
Thank you
tonny,
A scalping strategy should be tested with 99% modeling quality because most likely, a scalping strategy uses "Every tick" when tested in the MQL4 tester.
If you're using "Open prices only" then I'd believe we'd agree, 90% modeling quality would suffice.
What I'm interested in regarding your strategy are the following points.
1. What modelling quality is your EA being run on ?
2. When testing your EA do you run "Every tick", "Control points" or "Open prices only" ?
3. What are your EA's signals for entry/exit ? (I'm guessing it uses a "ranging strategy type" method, buy at lows and sell at highs).
4. What time-frame does your EA run on? Why does it have to run on that time-frame? Why can't your EA be run on lower/higher time-frames?
Look at the report that tonny provided . . .
1. na - but 350 mismatched chart errors
2. Model Every tick (the most precise method based on all available least timeframes)
3. it's "top secret"
4. H1 - see some of the early posts
I can't call this a scalping strategy
Tonny's system is placing trades with a small lotsize comparing with AccountBalance without StopLoss
Before it trades a new trade the last trade has to be ended with TakeProfit of a few pips
that last trade can if price goes in wrong direction resulting in
and you finished trading
Look at the report that tonny provided . . .
1. na - but 350 mismatched chart errors
2. Model Every tick (the most precise method based on all available least timeframes)
3. it's "top secret"
4. H1 - see some of the early posts
Simon,
Hahahahahahahahahahahahahahahahahahahahahahaha! (3. it's "top secret")
Earlier, I believe tonny may have posted disputably vague information regarding his EA but perhaps he may wish to sometime add additional information witch may provide coders in MQL4 community a keener background perspective of his EA. I'm glad he makes progress and I solute his efforts (good job tonny).
Thank you
Simon,
Hahahahahahahahahahahahahahahahahahahahahahaha! (3. it's "top secret")
Earlier, I believe tonny may have posted disputably vague information regarding his EA but perhaps he may wish to add additional information witch may provide coders in MQL4 community a keener background perspective of his EA. I'm glad he makes progress and I solute his efforts (good job tonny).
Did you actually read this thread ?
Yes.
Thank you
I can't call this a scalping strategy
Tonny's system is placing trades with a small lotsize comparing with AccountBalance without StopLoss
Before it trades a new trade the last trade has to be ended with TakeProfit of a few pips
that last trade can if price goes in wrong direction resulting in
and you finished trading
Mine never bankrupts. Also remember my "Make and exit" view on scalping by that time one would have left to invest elsewhere. Read my previous comments i said to win in scalping you do make and leave because scalping always ends in disaster.
Mine never bankrupts. Also remember my "Make and exit" view on scalping by that time one would have left to invest elsewhere. Read my previous comments i said to win in scalping you do make and leave because scalping always ends in disaster.
What you showed was a strategytest for a period testing 1 Hour (H1) 2011.03.15 00:00 - 2013.03.14 23:00 (2011.03.15 - 2013.03.15)
how can we believe that your "X trader V3" never bankrupts trading this way...
The maximum loss you can have with your lotsize choice is 2000 pips before it bankrupts
between 2007/2013 EURUSD has moved from 1.19000 to 1.58000 more then 3900 pips !!!!
the system is in backtesting only waiting for price returns in profit before it close
but it can't return if the price moved 2000 pips in wrong direction after opening
.
your "Make and exit" view we don't see happen with results from a strategytest what we can see are trades open what can be several months
. more than 1 month
. more than a month
. more than 4 months open !!
and there is no guarantee that you will double your account and that you can leave to invest it elsewhere
Scalping does not mean you don't take losses
scalping is a way to get a lot of small profits mostly in a short time trading
but that doesn't mean you do scalping with no stoploss setting risking the whole account
.
If you like then do your best proofing this system never bankrupts !!!
Because then we can say tonny found the holy grail
Now I can't
The idea is to get something that profits continually for a long while before losing then use incremental lots to capitalise a winning streak then leave with profits as soon as 50% or any desired profit is reached. Ive turned $10 to $300 in a real account in a manual scalping experiment so the aim is to put something similar in a ea then once the desired gain one leaves and never looks back. I believe this can be done if we or a couple of developers put some brain to it its like a quick grant.
Wouldn't you agree your strategy is a scalping/martingale? I've had a bit of experience with grid/martingale EAs and yes, they can double an account balance but I don't believe in putting up capital with a chance an entire account could be lost if the first few trade setups of an EA fail. I consider martingale trading methods dangerous because they need at least a couple hundred bucks (at the very least) to have enough margin to open trades. Many martingale EAs I've tested typically increase an account balance by 50% then blow an account.
Thank you