PolyFitScalper - page 72
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
Hi, I'm using it in Pepperstone broker ECN account, and it's same of Alpari GMT+3 time. So I think it's right. I have a little account of $250,00 but I can trade with micro lots 0.01 and have 1:400 leverage. So I think it's a little risk but I will keep testing it. Thank you Cheers and good luck
Hi newdigital,
The text file for FXCM (GMT + 0) would be:
Mon;02:00:00;03:00:00;
Mon;03:30:00;03:55:00;
Mon;16:15:00;17:15:00;
Mon;18:30:00;19:50:00;
Tue;01:15:00;03:00:00;
Tue;03:30:00;03:55:00;
Tue;16:15:00;17:15:00;
Tue;18:30:00;19:50:00;
Wed;01:15:00;03:00:00;
Wed;16:15:00;17:15:00;
Wed;18:30:00;19:50:00;
Thu;01:15:00;03:00:00;
Thu;03:30:00;03:55:00;
Thu;16:15:00;17:15:00;
Thu;18:30:00;18:50:00;
Fri;02:00:00;03:00:00;
Fri;03:30:00;03:55:00;
Is it right?
According to visual statement image - it is 120 dollars for 2 pairs all together.
But I think - it may be more as I am making this visual statement using H4 chart but EA is trading on M1 timeframe so ... if trades were open and closed for the short time - this visual statement chart did not catch some drawdown.
Yes, drawdown is small one.
But I am not recommending to use this EA with very small deposit size.
because ... well ... min lot size is 0.01. max lot size for Alpari broker (USDJPY and GBPJPY) was 0.62 since April this year.
But if we look at the trading since June 2010 (it is account with FXCM for same pairs) - max lot size was 7. So, if max lot size = 7 (may be - once in a 2 years) - drawdown may be big one.
Some more explanation about why small drawdown:
one trade was opened todat at 05:13 (sell) for GBPJPY at 122.99 and closed at 05:41 at 122.98 with the profit = 0.16 dollars. So, drawdown was small for tghis 28 minutes (41 - 13).
More safe to trade with Alpari (or use the time same as for Alpari broker in text file) - Alpari is on GMT +3, FXCM is on GMT + 0. It means: if some bar opened at 16:41 for FXCM so this same bar is at 19:41 for Alpari.
So, as EA is using text file to trade - it may be better to change the time on this file to be same as for Alpari broker.
Example of this file:
Mon;01:30:00;01:45:00;
Mon;05:00:00;06:00:00;
Mon;06:30:00;06:55:00;
Mon;19:15:00;20:15:00;
Mon;21:30:00;22:50:00;
Tue;00:45:00;01:15:00;
Tue;01:30:00;01:45:00;
and so on ...
So, EA will start to trade at 5 am and finish at 6 am on Monday (according to this text file).
It is good for Alpari (GMT +3). In case of FXCM - it is 2 am and 3 am.Hi stanley18,
I do not know right or not ... as it is necessary to check everything.
You can subtract 3 from any hours ... (in case of FXCM)
Example:
This line may be deleted:
because if we substract 3 hours from 01:30 am so ... it will be Sunday ... broker will not trade on Sunday.
This line:
may be changed to
and so on.
I tested two setting in GMT 0 broker, one is:
ScheduleMode=1 and TimeShift=-2 with EURCHF_M1.txt
other one is:
ScheduleMode=1 and TimeShift=0 with EURCHF_M1_forGMT0.txt
EURCHF_M1_forGMT0.txt :
Mon;02:00:00;03:00:00;
Mon;03:30:00;03:55:00;
Mon;16:15:00;17:15:00;
Mon;18:30:00;19:50:00;
Tue;01:15:00;03:00:00;
and so on...
So, why the Time Condition is different now? One is YES, the other is NO.
Hi stanley18,
Yes, we can use TimeShift instead of changing the time in text file.
By the way - I am not using timeshift and not changing the time in text file.
Hi I would like one improvement for this EA, can someone implement a feature to put the stop loss in the order please ?
It would improve the EA, in the case of disconnection at least it would not loose a lot.
Thank you
Good luck
One more thing would be cool, if we can use other Money Management and even cut off martingale.
Why not lot size based in the equity size and free margin % ?
One more thing would be cool, if we can use other Money Management and even cut off martingale. Why not lot size based in the equity size and free margin % ?
Hi Felipebr,
There is a stop loss in the Ea it is hard coded in the Ea at 45 pips but since its in the external parameters you can change it to what ever you like. For the money management there is 4 possibilities there all ready if MM = 2; Switch(0-off,1-%% of Free Margin,2-L.Williams formula,3-Martingale, so if you use any setting except 3 there will be no martingale.
Hi mrtools, you right about the MM.
But if the mt4 disconnect, if the trade hit -45 pips it will close anyway ?
Improved version of PolyFitScalper_v1.59_noHedge EA with Alpari broker: new settings
============
- 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.
- PolyFitScalper_v1.59_noHedge_newsfilter-1 EA is on this post: added TSD news filter to the improved Polyfit 1.59, can be turned on/off, can adjust minutes before news to stop Ea from trading, and can choose from high, medium, or low impact news to filter, along with currency pairs news we want to filter.
- PolyFitScalper_v1.59_noHedge_newsfilter-cfb norm-log EA and PolyFitScalper_v1.59_noHedge_newsfilter-cfb norm-sigmoidal EA are 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.
- visual statement is forward testing/trading results. More about it: Signal Performance Factor and visual statements: this post with the explanation and on those 2 posts as detailed comments: this post and this one.