PolyFitScalper - page 42
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Improved version of PolyFitScalper_v1.59_noHedge EA with FXCM broker: new settings
I am trading EURUSD, GBPUSD, USDJPY, USDCHF, EURCHF, GBPJPY and GBPCHF.
It is the statement:
It is EURCHF:
It is EURUSD:
It is USDCHF:
============
- 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.
Managing Recovery (Martingale or Hedge)
I had intended to PM to clarify a few points before this post.
However, there is a restriction that one must have 10 posts before being allowed to PM - even if one is an AdvancedElite member; I guess the forum/blog/bb software does not allow that configuration...or, even paid subscribers are immature until they become seasoned posters. With what I've seen from many, I can understand and support the restriction
With that, forgive me while I offer a couple of ideas and try to get to 10 posts.
Please see the attached user manual for a handy, retail EA.
You'll notice that the Martingale is dynamically adjusted based on price action; it is possible that a similar approach could find utility in PolyFitScalper.
Perhaps a more profitable approach would be to manage the unfavorable position according to the nature of the market.
The market can be characterized as Ranging or Trending; consider using the Martingale when the market is Ranging (higher probability of a retrace that plays to the Martingale) and using a Hedge (of overwhelming size) when the market is Trending (higher probability that price will continue in the Trend and that the overwhelming Hedge will take out the unfavorable position).
If this makes sense, the next question will be, "How does one determine the nature of the market?".
This question was to be the object of my PM that I could not send; so, I'll ask the forum...
...(1) does this approach make sense?
...(2) if the approach makes sense, what methods do you have to characterize the market as Ranging or Trending?
Perhaps I'll make it to 10 posts exploring this idea?
I had intended to PM to clarify a few points before this post.
However, there is a restriction that one must have 10 posts before being allowed to PM - even if one is an AdvancedElite member; I guess the forum/blog/bb software does not allow that configuration...or, even paid subscribers are immature until they become seasoned posters. With what I've seen from many, I can understand and support the restriction
With that, forgive me while I offer a couple of ideas and try to get to 10 posts.
Please see the attached user manual for a handy, retail EA.
You'll notice that the Martingale is dynamically adjusted based on price action; it is possible that a similar approach could find utility in PolyFitScalper.
Perhaps a more profitable approach would be to manage the unfavorable position according to the nature of the market.
The market can be characterized as Ranging or Trending; consider using the Martingale when the market is Ranging (higher probability of a retrace that plays to the Martingale) and using a Hedge (of overwhelming size) when the market is Trending (higher probability that price will continue in the Trend and that the overwhelming Hedge will take out the unfavorable position).
If this makes sense, the next question will be, "How does one determine the nature of the market?".
This question was to be the object of my PM that I could not send; so, I'll ask the forum...
...(1) does this approach make sense?
...(2) if the approach makes sense, what methods do you have to characterize the market as Ranging or Trending?
Perhaps I'll make it to 10 posts exploring this idea?Hi Adeo
Welcome here and thanks for your post and pdf file, in answer to your first question this approach to me makes sense one method i use and this Ea uses is guess you could call it the time method or maybe ranging during Asian session method, i explained a few posts back when this Ea breaks out of the bands say for instance in a strong uptrend and it breaks out of the upper bands, there is a very strong possibility the Ea getting in trouble, because it will be going for a sell then. I have been somewhat experimenting with cfb indicator with pfs with some sucess using it the opposite of how it should be used, but really haven't experimented with cfb settings much. But to me your 2nd question is an age old market problem, that far as i know hasn't been solved.
Best Regards
tools
Recovery mindset
...But to me your 2nd question is an age old market problem, that far as i know hasn't been solved...
I would agree this age old problem has not been solved for trade setups; however, by the time the Recovery (Martingale or Hedge) has been placed our concern is more about survival than profitability. So, our focus or mindset can shift.
I would think something as simple as Diamani's volatmeter, differential ATR (higher ATR correlated with volatile, large moves against consolidation - a Trend for purposes of managing the Recovery) or even a fast MA (crossover?) could be used (high slope=Trend, low slope=Range).
Tru dat - the Recovery is, in itself, a new trade and subject to the whim of price action from the point of placement. However, since the first assumption was wrong (else the Recovery would not be placed), there is more market data available and the probability of making a correct choice 'should' be higher.
Bottom Line: since the Recovery move, relatively speaking, *should* be of *short* duration, traditional, longer term views of Trending or Ranging are not applicable; we need only know if there is retracement/consolidation/ranging or extension/breakout/trending in our immediate future. Yes, I know, if we were that good, we'd make that decision going in - to Tools point of this has not been solved...just exploring from another perspective (Recovery managed differently than the Entry) in the hope an idea/solution may be sparked.
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.
Improved version of PolyFitScalper_v1.59_noHedge EA with FXCM broker: new settings
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.
Improved version of PolyFitScalper_v1.59_noHedge EA with FXCM broker: new settings
I am trading EURUSD, GBPUSD, USDJPY, USDCHF, EURCHF, GBPJPY and GBPCHF.
It is EURCHF (in case we are trading this pair only):
It is EURUSD (in case we are trading this pair only):
It is USDCHF (in case we are trading this pair only):
============
- 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.
...Recovery managed differently than the Entry...
It seems this would be an excellent application of CFB.
hello, Igorad!
what means error "file not found 4103"
4103 is "cannot open file" error.
Which file?
It may be EURCHF_M1.txt (you forgot to plae this file in file's folder), or indicators (EA is using PolyFitBands_v2.3 indicator .