Ultra-Scalping System — Can Someone Please Help Me Figure This Out?
This is a screenshot of the trades. I’ve extracted the entire trading history, consisting of more than 2,307 trades, and they all look similar to what you see in the screenshot.
He is trading on a demo account as part of a trading contest. If needed, I can upload the full trading history in the comments later.
Does anyone recognize this technique? If so, please let me know anything you can about it. I honestly can’t figure out how this guy is scalping like this.
Sorting by "Open date" in the full trading history would be more conducive to reverse engineering.
Does anyone recognize this technique?
Telegram users were discussing this kind of trading. Here is an automatic translation of that.
Hope you don't mind the spam, friends 🤓
I've been racking my brain over this all day...
Gold.
It uses a simple algorithm. Every minute, it places two pending orders equidistant from the current price (40–60 pips away). When one triggers, the other is deleted, and a stop-loss is set for the active order—around 80–130 pips out—with a matching trailing stop...
But how does it determine the values for these ranges? It clearly involves some simple ATR calculation that affects both ranges...
In case anyone else is curious to dig into this... I can share my MQL5 version if needed...
Algorithm.
Two pending stop orders in opposite directions are placed every minute.
As soon as one is triggered, the other is deleted.
The position is closed via a trailing stop.
Result.
Expected value: 20 pips. Commission: -6 pips. Fixed spread: 6 pips. No slippage.
Live trading.
Commission: -16 pips; slippage is exclusively negative. Spread is several times higher.
Conclusion.
If this trading strategy were replicated perfectly, the expected value would be negative even without slippage.
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This is a screenshot of the trades. I’ve extracted the entire trading history, consisting of more than 2,307 trades, and they all look similar to what you see in the screenshot.
He is trading on a demo account as part of a trading contest. If needed, I can upload the full trading history in the comments later.
Does anyone recognize this technique? If so, please let me know anything you can about it. I honestly can’t figure out how this guy is scalping like this.