Extreme Scalper EA for your benefit... I'm giving up tech trading!

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Hi All,

I've been away for some time as I realized that a 100% profitable mechanical system with a mini account does not seem to be profitable without some risk and proper money management (pulling out capital every once in a while).

I'm now more involved in news trading, which with some technical trading would make my trades safer.

However, I've developed an EA called ExtremeScalper (1M timeframe) some time ago and I left it without further development. So I'm posting the source code here for all of you to benefit from though it's been months and months of work.

I feel that if I'm not going to continue its development it may well be worth it to throw it to the public to help build on it, modify it, or take some useful portions from it.

Please don't ask me about the parameters, etc. as it's been a long time since I last even looked at it.

All I remember was it was taking most of my time to optimize it and I just moved to news trading and left it all together also because it is a scalper and scalpers are not allowed on most -if not all- brokers.

All I ask you is to credit me... please... if you use my work.

I think I'm giving up pure technical trading from now on. Without news trading, pure tech trading is not as stable as I thought years ago...

i_me

Files:
extremescalper_ea.mq4  21 kb
 

Y GV UP ? there is alots of ways to rome .

 
wikiwiki:
Y GV UP ? there is alots of ways to rome .

I've realized I've been moving to Rome with a one wheel cart (going in circles), the other wheel (news trading) will help get me there, that is if Rome ever exists

 

Hi,

Care to share your news trading style or system?

thanks

 
dashisiong:
Hi,

Care to share your news trading style or system?

thanks

I'm a member of Dustin Pass's RSS service. But use this to predict when to stop using the mechanical trading expert and use news trading. I don't have neither the time nor the flexibility to monitor all news items but use alerts when they come. What about you?

 

Maybe the attached settings are safer given 2007: (Timeframe 1M, EURUSD).

Files:
safer_es.set  2 kb
 
investor_me:
Maybe the attached settings are safer given 2007: (Timeframe 1M, EURUSD).

Cannot read this. What does it say or is this supposed to go in a folder??

Dave <<<
 
iscuba11:
Cannot read this. What does it say or is this supposed to go in a folder??
Dave <<<

-----------------------------

x=6

x,F=0

x,1=1

x,2=1

x,3=10

y=7

y,F=0

y,1=1

y,2=1

y,3=10

MAGIC=0

MAGIC,F=0

MAGIC,1=0

MAGIC,2=0

MAGIC,3=0

timeframe=0

timeframe,F=0

timeframe,1=0

timeframe,2=0

timeframe,3=0

EMA=40

EMA,F=0

EMA,1=40

EMA,2=0

EMA,3=0

loss_limit=1900

loss_limit,F=0

loss_limit,1=100

loss_limit,2=100

loss_limit,3=4000

Lots=0.10000000

Lots,F=0

Lots,1=0.10000000

Lots,2=0.00000000

Lots,3=0.00000000

MM=1

MaxRisk=50.00000000

MaxRisk,F=1

MaxRisk,1=0.00000000

MaxRisk,2=5.00000000

MaxRisk,3=50.00000000

use_starting_balance_ratio=0

anti_martingale=1

anti_martingale_level=7

anti_martingale_level,F=0

anti_martingale_level,1=0

anti_martingale_level,2=1

anti_martingale_level,3=10

choppy_market_filter=1

recovery_key=1

recovery_key,F=0

recovery_key,1=1

recovery_key,2=1

recovery_key,3=2

randomize_recovery=0

recovery_steps=1

recovery_steps,F=0

recovery_steps,1=1

recovery_steps,2=1

recovery_steps,3=2

initial_takeprofit=5

initial_takeprofit,F=1

initial_takeprofit,1=3

initial_takeprofit,2=1

initial_takeprofit,3=10

minimum_takeprofit_allowed=10

minimum_takeprofit_allowed,F=0

minimum_takeprofit_allowed,1=10

minimum_takeprofit_allowed,2=1

minimum_takeprofit_allowed,3=15

initial_stoploss=100

initial_stoploss,F=1

initial_stoploss,1=50

initial_stoploss,2=10

initial_stoploss,3=100

minimum_stoploss=20

minimum_stoploss,F=0

minimum_stoploss,1=20

minimum_stoploss,2=0

minimum_stoploss,3=0

TP_increments=0

TP_increments,F=0

TP_increments,1=0

TP_increments,2=0

TP_increments,3=0

timeout=0

timeout,F=0

timeout,1=0

timeout,2=0

timeout,3=0

Trade_only_after=0

Trade_only_after,F=0

Trade_only_after,1=0

Trade_only_after,2=0

Trade_only_after,3=0

Trade_only_before=24

Trade_only_before,F=0

Trade_only_before,1=24

Trade_only_before,2=0

Trade_only_before,3=0

ForceClose=1

active_long=1

active_short=1

-----------------------------

You can open it with notepad, it is plain text. It is a file with presets for the EA, you can import it to your MT4 terminal via the "Load" button on the settings page when attaching an EA to a chart.

 

Rome can wait U got Mail

 

i don't see nothing but a losing EA

what's your point?

 
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