To People who bought or rent Scalp Tool:

If you want or need some good advice to trade more efficiently; please tell me. 

I can supply help and other free tools if you need. 

• BreakEven feature 
• Support and Resistances embedded and graphical display 
• Improved accuracy: more than 90% of trades are positive

Hi Fractalfreak,

If you choose Medium or Maximum, you don't have exit problem:

But you are right, and a long long trend may (and will) occurs sometimes, so what I do is simply to remove trades; I start with the first of the "session" and so the next becomes the first and so on. 

Moreover, ScalpTool does not mean to be 100% accurate and you can sometime take your loss.   

I will soon (in the next days) release a new version with the possibility to take less trades via Res/Sup feature; it's the one my EA is using actually and here is how the period you mentioned was handled.

There are tons of possibilities and I try to keep it simple and practical to use.

I made this indicator to "copy" my manual trading method and as you know brain and eyes are doing hundred of things we even don't realize while trading action. 

So I add my "personal features" ;-) to the indi each time I find some difference in between what I do and what it does. 

So you understand that there will obviously be many updates in coming weeks / months  ;-)

Don't hesitate if you have any question.

All the best. 

Hi cybertyder,

Answer to your first post:

• No it's not Donchian / Keltner.
• About Stochastic, there are 3 but not only. 

Concerning the EA, I don't sell it at MQL5 at the moment.

You know, when answering a comment it's very difficult to write something that will please everyone and obviously you are not pleased ;-) sorry for that.

Have a nice WE.

R. 

Hi R,

will you sell the EA in the future?

thx

Hi fractalfreak,

I dunno if I will ever sell the EA; I was also not very sure for the indi.

In fact I need some capital to trade real; I use the robot only to check the pertinence of the strategy over long term.

The robot does not need to make big profits, just needs to avoid crashing; then I know that it's reliable and the fact to trade manual will make the profits.

I don't consider that a robot can be profitable for a long time simply because markets take very different behavior along the way and brokers always modify their data flow distribution, so a mechanical system should be programmed so cleverly that it would be impossible to code with such a weak language as MQLx.

I released UniversalTrader in the past (2013) and it worked fine for a couple of months, some friends turned 700€ in more than 10 000 but then lost everything because of complete turn of markets behavior. Maybe it can still work but it's necessary to optimize it very often. 

I know it's a bit atypical but it's my way of working.

Actually manual trading is the only possibility to make money for a long time; that why I try to make an indicator that supplies the best basics as possible.

All the best.

R. 

Hi Lim Zi Hao, 

Will come soon, but not too soon, I really want to make something really unique that will show to you all that there are not only scammers here ;-)

R. 

the indi is nice.......

can you make sure that when there is a new version, the old option are all there?

thx

Hi fractalfreak,

Thanks for your compliment :-)

No problem: the new release will be able to work like the actual one; it was already planned. Will call if fractalfreak Mode ;-)

All the best.

R. 

This is a very good indi. You can integrate it in a lot of systems.

Arrows do not repaint. SR levels work very well. Thx

Hello

 could you put video demo??

cause I can't try demo on my computer!!!

thanks!!! 

Hello,

Can you tell me why you can't try it on your computer ? (try to explain what is your problem and I will help you to find a way)

Thanks.

R. 

Hello,

If you are interested in I released a new version that indicates some more practical things:

1. In addition to the indi's breakeven; displays also the real breakeven of the trades taken (the BE is calculated separately for each pair) 
2. Shows the real equity, the volume of trades and the quantity of trades per pairs
3. Shows how much points to reach the TP and calculates the profit to TP.
4. The screen background color is changing: black = no trade // Dark green = Trades winning on this specific pair // Dark Red = Trades losing on this specific pair
5. Higher accuracy and less entry signals
6. Shows the MinLow and MaxHigh of the last 120 bars (adjustable)
7. Indicates how much pips in between MinLow and MaxHight (called Global)
8. Gives a grid step according to Global to avoid taking too much reverse trades

For people who bought the product it's free; just ask me with a proof of your purchase and I will send it to you.

For people who have not purchased it -> 2 possibilities: 1-Buy at MQL5 and ask me for the new release or buy it (name of the indi is RPAutoMRSV4) directly from my site (it's cheaper;-).

All the best.

R.