Scalp the Little Gits, dsu

[SteveHopwood]

V 1k is in post 1. Copied from my updated post 1:

Trading day choices
The TradeSunday, TradeMonday etc inputs allow you to control the days on which the ea trades. Some of us have Saturday and Sunday candles; not trading them is a no brainer and so they are disabled by default. ds has suggested that Friday is not good for this strategy; TradeFriday is enabled for testing, but may need disabling if we trade this ea live.

This is an insignificant update, so no need to rush to download it. I just thought some of you guys might find a use for it.

[SteveHopwood]

Re the now deleted posts about trading this ea OOTB:

Nobody should be demoing this OOTB. There are a number of trading decisions to be made and only the individual trader can make them.

I will go further. Only an idiot trades this ea OOTB, so please stop posting about your OOTB results/observations/anything else. Only the lazy, stupid and useless even consider using this ea OOTB. I (mostly) coded this ea and even I would not use it OOTB.

I am busy setting up another non-OOTB demo for this at the moment. When I return, I shall go over recent posts and delete those posted by dimwits wittering about using OOTB settings. When your post is one of those that disappears, it is because I think you are an idiot.

Capiche, guys?

[peterke]

Here is a nice little indicator that you can use to identify the right times to trade on each pair.
It seems to shows the times of the day when average volatility ( candle length is greatest) is greatest for the pair. Pretty good tool for working out broker trading times to use in the ea for each pair

It would be interesting if a coder could create a version that showed average pip movement as the scale rather than indexing at the moment.

rgds

Peter

[dsugums]

End of the month trading today. So effect will be same as Friday trading.

[SteveHopwood]

Here is a nice little indicator that you can use to identify the right times to trade on each pair.
It seems to shows the times of the day when average volatility ( candle length is greatest) is greatest for the pair. Pretty good tool for working out broker trading times to use in the ea for each pair

It would be interesting if a coder could create a version that showed average pip movement as the scale rather than indexing at the moment.

rgds

Peter

Nice one Peter; thanks. I have linked this in post 1.

[SteveHopwood]

V 1l is in post 1. I forgot a vital piece of code when updating the D1 candle open time code, so the latest version will only renew the D1 open price if you restart the platform or do a chart tf change.

Coders, go to line 3692 which is DrawDailyOpenLine(); then insert GetD1OpenDetails(); above it:

Code: Select all

      GetD1OpenDetails();   
      DrawDailyOpenLine();

[Wiggy1965]

Hi Guys,

I seem to be getting a message indicating the following...
"You have hit your daily profit target and so I have stopped trading for the day.."
"Starting Balance = 3413.67: Profit today = 4678.80 (137.06%)"

It's a demo account and i do have other activities running which have opened and closed trades today for a net loss of $112.00 or 112pips

I have a looked at the "DailyPercentOfBalanceTarge" variable, thinking that this is what i should be looking at, both disabling (=0) and or setting a high number, but with no luck....

The two numbers above don't seem to make any sense also, as the current account balance is over $8,000 and as i mentioned, so not sure how these are calculated....

If i have missed something please let me know...!

Wiggy

[SteveHopwood]

Attached is a version that works with your computer's time rather than your own local time when working out whether it is within trading times.

I want to play with WmiVol, so I put it onto each chart, changed to D1, dragged vertical lines to mark off a few D1 candles, then dropped down to the H1 to have a look. I noted the longest green candles and used the open time as my +xx.00 adn -xx.55 as my close time.

WmiVol works by calculating the average length of each candle, then comparing the length of individual candles with the average. Green histos mean the candle is longer than the average, red histos are shorter candles than the average. The more over/under the average, the longer/shorter the histo.

I am not sure how useful all this will be. We shall see. For sure, it has thrown up some unexpected trading times - London barely gets a look in, which does not make a lot of sense. New York open then for three hours are shown as busy, which does.

[AnotherBrian]

This method works well if the spread are less than 2.0pips. As for risk ratio, 5pips sl is good enough to get 10-15pips if we can manage the trade with BE sl after 5pips.

Looks at GA and EA for the current hour, it shot up to 30pips profit due to news. News is vital to get this method working, so higher tp will be favourable.

One of my accounts pays commission so the spreads are low, the other account pays by the spread. Obviously when you pay by spread, getting under 2 can be impossible.
When you say this method works with spreads that are less than 2 pips, is this for an account that pays commissions?

[dsugums]

This method works well if the spread are less than 2.0pips. As for risk ratio, 5pips sl is good enough to get 10-15pips if we can manage the trade with BE sl after 5pips.

Looks at GA and EA for the current hour, it shot up to 30pips profit due to news. News is vital to get this method working, so higher tp will be favourable.

One of my accounts pays commission so the spreads are low, the other account pays by the spread. Obviously when you pay by spread, getting under 2 can be impossible.
When you say this method works with spreads that are less than 2 pips, is this for an account that pays commissions?

As I said earlier, you need to take account the spreads when deciding the sl. ECN does not take into account the commission when deciding the sl.

To be safe, might as well use sl of 10pips for 10pips profit. Once you get 5-10% profit quit the trading.