corrado.toxiriMQL #:

Hi @Mr Jack Joseph Wilson, thank you for this great EA!

I've been testing it on my EURUSD and GBPUSD Demo accounts and it's doing well so far!

The only request I have: U.S. FOREX brokers don't allow (due to FIFO rules) to have multiple trades open with the same size, if any one of them has a TP or SL (or trailing SL), so I either have to remove stop losses  (which is a bit too risky on 50:1 leveraged FOREX accounts) or I can only have one trade open per currency pair at the same time.

Would it be possible to implement a parameter that allows to open trades on a "range" of trade sizes? For example, if the "TradeSize" = 0.30 and you set "MaxOpenTrades" = 5, you can have the trades in size 0.28,0.29, 0.30, 0.31 and 0.32.

Does it make sense? Or is there a better way to create different size trades?

Thanks!

corrado.toxiriMQL #:

After some more testing of this EA, I understand that the above is probably not needed, since the EA is setting its own trailing stop loss without really placing it in the trade, so I can solve the issue by leaving 0 in the "Regular StopLoss" parameter.

However, when testing over long periods of time, I have noticed that the EA leaves several trades open for indefinite periods of time, creating huge drawdowns and basically blocking all further trades when you reach your maximum number of open trades,with potentially large losses. This is a typical chart over one year of time, is there a way to avoid this with different input parameters? I've tried several combinations of parameters but I always get to something like this:

Thanks!

Asasa1982 #:

Hi Mr Jack,

Thanks for this awesome EA, I have one question or concern though. How do you insert a fixed TP value or is it already built into the EA? Thanks once more for this brilliant EA!

Ivan Shamin #:
I have 3 terminals on the VPS. The EА puts a Stop loss in one only. In the other two don't.

Feder Noro #:
Hi,  

Khor Wei #:

Hi Jack,

Is there any options to Buy or Sell only when the signal is firm?

Thanks in advance!

Mr Jack Joseph Wilson #:

Hello Guys! 

Sorry about the late replies, due to the nature of my job I have limited internet access at times and have only just seen these now! Apologies! 

Hello! The open trades is an issue, I originally was going to do grid as this helps remove long open trades however due to the nature of grid and it potentially blowing accounts I decided not to. I found when testing it and using it the best way for me to remove long trades is playing around with the  Regular stop loss. I found this was most effective at preventing long open trades. I also recommend if you dont want a regular stop loss to monitor it when live or on demo, if there is a trade that looks its going against the trend and its a potentially a long term move (e.g 1 Day chart showing large reversal opposite to the trade) you can close manually to minimise loss. Like I mentioned above sorry for the late reply! If you have any more questions feel free to message me on here and i'll get back to you when I can! Hope this helps. Cheers - Jack   

Hey! Sorry for the late reply! Thank you very much I hope you enjoy it! This EA as of now only takes profits using trailing stop loss but in future updates when i'm back in my country and able to work on it i'll work on having a set hard TP too. Sorry for this - hope this helps! - Jack 

Hello! Sorry to hear your having problems with the system! Are the settings on all 3 terminals the same with different magic numbers? - Jack 

Mr Jack Joseph Wilson #:

Hello Guys! 

Sorry about the late replies, due to the nature of my job I have limited internet access at times and have only just seen these now! Apologies! 

Hello! The open trades is an issue, I originally was going to do grid as this helps remove long open trades however due to the nature of grid and it potentially blowing accounts I decided not to. I found when testing it and using it the best way for me to remove long trades is playing around with the  Regular stop loss. I found this was most effective at preventing long open trades. I also recommend if you dont want a regular stop loss to monitor it when live or on demo, if there is a trade that looks its going against the trend and its a potentially a long term move (e.g 1 Day chart showing large reversal opposite to the trade) you can close manually to minimise loss. Like I mentioned above sorry for the late reply! If you have any more questions feel free to message me on here and i'll get back to you when I can! Hope this helps. Cheers - Jack   

Hey! Sorry for the late reply! Thank you very much I hope you enjoy it! This EA as of now only takes profits using trailing stop loss but in future updates when i'm back in my country and able to work on it i'll work on having a set hard TP too. Sorry for this - hope this helps! - Jack 

Hello! Sorry to hear your having problems with the system! Are the settings on all 3 terminals the same with different magic numbers? - Jack 

Manoj Kumar #:
Hey John. Superb EA! So far 6 trades taken and all have been winners except 1 because I had set a stop loss value of 30. What is the optimal fixed stop loss value? How much drawdown can we expect with this?

marcoderoni #:
following :)

Manoj Kumar #:


11 trades placed within 6 hours, 10 won. 1 lost because of my custom stop loss setting which I should have not placed or set it far away for a drawdown(I saw it up to $150 on a single trade). If this scalper would work like this at least for 3 days in a week, that would be great. It's too early for this update though because it was scalping after the London- New York overlap. I have not seen how it works during the volatility sessions. 

I am also getting some errors in the strategy tester:



Any idea, John?

Nicolas Van Lerberghe #:

Which settings are you using?

Manoj Kumar #:
Okay. It just took a negative trend trade:



Since I see that "Hedging is not allowed by the EA", the drawdown is becoming higher. If I manually close those trades, it's breakeven for the day. If I let it run, If the market keeps going down, It'll start burning.