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ok...thanks alot. I will check out the other version. Yours did trade today and would have blown up like ours if you had bigger lot sizes.
I announced that I stop testing this EA with old settings so I am continuing just for information only.
Use new settings.
Anyway, it is scalper and it is martingale so it is double risky to use.
I mean,for example, this is the current behaviour:
1) Price goes outside of the band, then we pick a 0.01 trade @1000
2) Price goes further, then we pick a 0.02 trade @1200
3) Price comes near the band, but still outside the band, then we pick a 0,04 trade @1100
Wouldn't it be wise just not to open this third trade? I am proposing that a third trade should be opened only if price is above 1200.There are 2 kinds of settings:
- old settings: martingale feature is not working in same case so we have many "floating open trades";
- new settings: martingale feature is working, and trades may be closed in loss (instead of floating for the long time).
So, I am using new settings now.
The problem with this EA is that it is very complicated coded ... I mean: it is easy to create new EA than to improve this one (that is why I am "playing" with setting).
May be - it is really the idea to create new EA with clear martingale and scalping.
I have modified the PolyfitScalper EA to be more safe on small accounts. A trade is only taken if there are no trades in other pairs.
This is the behaviour:
- Let's say we have PolyfitScalper on 6 pairs
- On EURUSD we pick a trade.
- As there are EURUSD trades opened, we skip all trades generated on any of the other five pairs.
- Trades are only taken on EURUSD until they are all closed.
Benefit: we benefit from having more pairs (trades more often) without multiplying the risk.
I'm not sure if I should post the mod here or open another thread. Or if the concept is bad and should not be posted at all
Yes, it is good idea to trade 1 pair per Metatrader.
As I understand - it was time filter to code at night.
For example - there are many EAs to trade using timefilter on the same day (6 am - 6 pm; 10 am - 19; and so on).
But this timefilter is working on the way as:
- start trading today
- end trading tomorrow
(by hours).
For example: 9 pm - 3 am next day.
Or ... it may be the market closed at 11 pm.
Besides - what is written in ScheduleMode?
ScheduleMode = 1 in the settings?
If yes so the time is in text file.
As I understand - it was time filter to code at night.
For example - there are many EAs to trade using timefilter on the same day (6 am - 6 pm; 10 am - 19; and so on).
But this timefilter is working on the way as:
- start trading today
- end trading tomorrow
(by hours).
For example: 9 pm - 3 am next day.
Or ... it may be the market closed at 11 pm.
Besides - what is written in ScheduleMode?
ScheduleMode = 1 in the settings?
If yes so the time is in text file.I have ScheduleMode = 0
I will review the code to see if that was the problem. Thanks.
Because what I know about timefilter:
it is written that
- ending: 17:00
so it is ending 1 bar before 18:00.
There is some post with links about timefilter:
https://www.mql5.com/en/forum/176023
But from what I know - it it is written as 8 - 17 so it is 8 till 17:59.
I do not know how those 45 minutes were programmed inside EA.
PolyFitScalper_v1.60a EA: moderate settings.
It is the moderate settings for this 1.60a version with starting lot size = 0.1.
I am trading EURUSD, GBPUSD, USDJPY, USDCHF, EURCHF, GBPJPY and GBPCHF.
It is the statement:
============
- For PolyFitScalper EA all the versions, to download settings and so on: https://www.mql5.com/en/forum/179816
- improved version of PolyFitScalper_v1.59_noHedge EA with new settings is on this post.
- what is sigma/risk and which values to use (safe, medium and risky settings): https://www.mql5.com/en/forum/179781
- the setting/input for settings for Alpari UK, LiteForex and MB Trading (and any other broker): https://www.mql5.com/en/forum/179781
- 1.58 and 1.59 versions with the settings: https://www.mql5.com/en/forum/179781/page4
- 1.60a version of the EA is on this post.
- PolyFitScalper_v1.61_noHedge EA is on this post: this version using Daily HiLo Jurik Smooth only taking trades in direction of breakout if in agreement with Daily HiLo Jurik Smooth.
- v1.7.3 version with cfb indicator is on this post with this settings.
- old statements for 1.57 version, EURCHF with sigma = 2.8: this post.
- old statements for 1.59 EA, moderate settings: this post.
- old statements for 1.59 EA, agressive settings: this post.
- old statements for 1.60a EA, moderate settings: this post.
PolyFitScalper_v1.61_noHedge EA with IBFX broker: moderate settings
It is the moderate settings for new 1.61 noHedge version of this famous ECN scalping EA.
I am trading EURUSD, GBPUSD, USDJPY, USDCHF, EURCHF, GBPJPY and GBPCHF.
It is the statement:
============
- For PolyFitScalper EA all the versions, to download settings and so on: https://www.mql5.com/en/forum/179816
- improved version of PolyFitScalper_v1.59_noHedge EA with new settings is on this post.
- what is sigma/risk and which values to use (safe, medium and risky settings): https://www.mql5.com/en/forum/179781
- the setting/input for settings for Alpari UK, LiteForex and MB Trading (and any other broker): https://www.mql5.com/en/forum/179781
- 1.58 and 1.59 versions with the settings: https://www.mql5.com/en/forum/179781/page4
- 1.60a version of the EA is on this post.
- PolyFitScalper_v1.61_noHedge EA is on this post: this version using Daily HiLo Jurik Smooth only taking trades in direction of breakout if in agreement with Daily HiLo Jurik Smooth.
- v1.7.3 version with cfb indicator is on this post with this settings.
- old statements for 1.57 version, EURCHF with sigma = 2.8: this post.
- old statements for 1.59 EA, moderate settings: this post.
- old statements for 1.59 EA, agressive settings: this post.
- old statements for 1.60a EA, moderate settings: this post.
PolyFitScalper_v1.7.3 EA with IBFX broker: moderate settings
It is the moderate settings for 1.7.3 with noHedge options of this famous ECN scalping EA.
I am trading EURUSD, GBPUSD, USDJPY, USDCHF, EURCHF, GBPJPY and GBPCHF.
It is the statement:
============
- For PolyFitScalper EA all the versions, to download settings and so on: https://www.mql5.com/en/forum/179816
- improved version of PolyFitScalper_v1.59_noHedge EA with new settings is on this post.
- what is sigma/risk and which values to use (safe, medium and risky settings): https://www.mql5.com/en/forum/179781
- the setting/input for settings for Alpari UK, LiteForex and MB Trading (and any other broker): https://www.mql5.com/en/forum/179781
- 1.58 and 1.59 versions with the settings: https://www.mql5.com/en/forum/179781/page4
- 1.60a version of the EA is on this post.
- PolyFitScalper_v1.61_noHedge EA is on this post: this version using Daily HiLo Jurik Smooth only taking trades in direction of breakout if in agreement with Daily HiLo Jurik Smooth.
- v1.7.3 version with cfb indicator is on this post with this settings.
- old statements for 1.57 version, EURCHF with sigma = 2.8: this post.
- old statements for 1.59 EA, moderate settings: this post.
- old statements for 1.59 EA, agressive settings: this post.
- old statements for 1.60a EA, moderate settings: this post.