Alpenkorp's Grid Scalping EA

[Alpenkorps]

Hi Alpenkorp
ok I'm now running it on demo.
Interesting EA, I put it on M1 where the most noise is and it is recovering the losing trades plus it made $5 in 4 hours on EURUSD. I left it with default settings.
cheers
Bill

4H is more reliable but less profitble. Use 15M, ema 13 and 21, turn of RSI filter, set profit to 10$ (for 0.1 Standard lots), Lot multiplier 3. Let me know how it works.

@ 1M, it will bust the account pretty fast.

[billv]

@ 1M, it will bust the account pretty fast.

I know, it scares me but so far on the 1M it recovered every time

In one trade it did
Sell 0.01
buy 0.03
sell 0.09
buy 0.27
sell 0.81
buy 2.43
sell 7.29

It Closed all trades (3 minutes after the first trade) with a small profit

cheers
Bill

[billv]

Use 15M, ema 13 and 21, turn of RSI filter, set profit to 10$ (for 0.1 Standard lots), Lot multiplier 3. Let me know how it works.

Ok running on EURUSD M15 with the above settings and $3K balance

[Jack1]

I start to run this EA on my demo from yestersday, it make $121 so far, not bad.

see image
http://www.forexstreet.net/photo/test-2 ... ntext=user

http://www.forexstreet.net/photo/test-2 ... ntext=user

[Jack1]

2nd day test this EA.

she made $206 so far. progress a bit, in a worst event, worst trading day, due to Fed rate decision and conference.

Image is here http://www.forexstreet.net/photo/test-2 ... ntext=user

[Alpenkorps]

Use 15M, ema 13 and 21, turn of RSI filter, set profit to 10$ (for 0.1 Standard lots), Lot multiplier 3. Let me know how it works.

Ok running on EURUSD M15 with the above settings and $3K balance

Great !! Keep us updated

[Alpenkorps]

2nd day test this EA.

she made $206 so far. progress a bit, in a worst event, worst trading day, due to Fed rate decision and conference.

Image is here http://www.forexstreet.net/photo/test-2 ... ntext=user

Welcome to the Thread Jack.

Could you hook your test account to myfxbook and share your opinions about it?

Cheers.

[billv]

]
Great !! Keep us updated

Hi Alpenkorps
So far so good,
I'll run it on M5 as well.
What settings do u suggest I use on M5 ?
Cheers
Bill

[Jack1]

Hello, Alpenkorps,

I do a test of this EA for this week, see how good it is. If ok, then, do further test. I haven't done any test on myfxbook. I will check it.

Anyway, thank your idea. Cheers !

2nd shot in today
http://www.forexstreet.net/photo/test-2 ... ntext=user

[Alpenkorps]

What settings do u suggest I use on M5 ?
Cheers
Bill

Billy,

I have tried all timeframes, I couldn't find a stable setting for lower TF (1M and 5M). 30M and 1H have some issues as well, probably they need another ma value, I didn't test them with different ma's. 4H is the most accurate TF, with lowest DD, but sadly less trades, less profit over time. At Daily, u catch a range, you are dead.

Also higher TF's will require more margin resulting less profit.

15M seems best to me considering risk and profit. But remember, the EA is not bullet proof yet, we need to be aware of the large spikes.

Cheers.