Babon Scalping System is one of the top 10 Forex trading system/method/strategy discussed in ForexFactory forum. So far there are 424 pages of hot discussion on this trading system. For more detail on this system, please re-direct to LINK. 

This system basically utilizes TDI, Heiken Ashi Trend, Price Trend on H1 time-frame and TMA on H1&H4 time-frame to generate the trend (big picture). Then the system will zoom in to generate the entry point on M1 time-frame using Babon Slope, M5 TMA, and Ichimoku indicators. The signal will be further filtered by previous M1 candle size.

To facilitate you to understand and trade this system quickly and effectively, the collection of PDF manual and all indicators are provided HERE. 

For who cannot access Google Drive, please find these resources in the thread or PM me.

• PDF Manual
• Indicators: place them under /MQL4/Indicators/
• Template: place it under /templates/

1) Is Autotrade same as running an EA with SL and TP?

2) Is there an account performance that you can share?

3) I imagine this would be CPU resource intensive and will slow down MT4?

4) Would be good to show in a video how to use the dashboard to trade.

Julian

I was fairly exited when I saw this product. Some good things were said about it on Forex Factory and I was eager to test as multi currency systems interest me. Its impossible to test on backtester so I rented and put on live. Everything went well for the first two days and things started going pear shaped.

On the positive side the winning ratio is +/- 60%. However with losses nearly double the trade size as wins, this will result in account destruction over time. Please see my two screenshots for test over two week system.

The entry system is possibly as good as any, but with lack of any noteworthy trade management, I would not advise on this product.

Sorry for your loss. The dashboard EA is not intended to be used for full-day auto-trading. Auto-trade should be open during active market period, which is usually London Open to New York Open+ 1 hour.

I try to upgrade the version with new auto-trade session, but the checking system on MQL5 is upgraded and the EA products always fail the system check.