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10.3 SCALPER/RANGE TRADE SYSTEM
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=919		 Page 39 of 178
Author:  POH [ Fri Nov 09, 2012 7:04 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
must jump stop and MPTM be running before the trades are open or how does it work? Neither of them did anything.
Author:  nanningbob [ Fri Nov 09, 2012 7:55 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Yes they must be on one screen and will cover all trades with 103 magic number.
If they are not working and you want them on all trades you take you must change to true all pairs and turn false magic number.
If the EAs are not working you have true false statements for ECN and 5 Digit brokers. You must set these for the broker you have. I have them set for Cowboy IBFX here in the USA.

HEre is a pic with gbp/jpy. You can see the SL line following price as designed by Steve. Works nice.
Author:  nanningbob [ Fri Nov 09, 2012 7:59 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
I put a pending sell like the normal 10.3 under the daily pivot so I　may have two trades going at once or if one gets retraced hit and then moves on I will do a normal 10.3 trade. YEAH.
Author:  nanningbob [ Fri Nov 09, 2012 10:39 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Using 10.3 on the 1 hour chart I took 12 trades during the late JPY and early EURO session. I was 8-4 with 76 pips banked. I will reload for the USA session later. 2 trades went the -20 4 got hit at the 0 mark two were plus 2 and 2 were -2 The rest were taken out but the jumping SL. My biggest winner went 35 pips. I had set my TP at a 100 so I didnt expect any to go that far. 17 was the average winner 15 was the average loser. See how it goes later today.
Author:  POH [ Fri Nov 09, 2012 11:43 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
I made a nice 14 pips on nzdjpy, I didn't realise earlier that the trade had to be opened with the sell/buy ea.. don't know what I was thinking. Only way it could be better is if the jumping sl was hidden.
Author:  jimbob1406 [ Fri Nov 09, 2012 11:57 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
POH wrote:I made a nice 14 pips on nzdjpy, I didn't realise earlier that the trade had to be opened with the sell/buy ea.. don't know what I was thinking. Only way it could be better is if the jumping sl was hidden.
I had the same problems with the EA like you, POH. Therefore I used the trademanager from my other post today. Worked out well and has hidden Jumping SL 8-) . I am just thinking of a combination of jumping SL and trailing SL 5 pips behind 10 EMA on 15 min chart. The idea would be after having banked e.g. 5 pips using the trailing stop behind 10 EMA. Well, I need to test it and the question is whether it brings good results in the R/R.

Anybody has this error with Bob's "Ratio Kit" (trade context busy) or knows where it comes from (USD/JPY message) ? Might it be because the price is already under the red line and I drag the sell order later to the chart?

Thank you Jim
Author:  Jollyroger [ Fri Nov 09, 2012 2:55 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
jimbob1406 wrote:
POH wrote:I made a nice 14 pips on nzdjpy, I didn't realise earlier that the t
Anybody has this error with Bob's "Ratio Kit" (trade context busy) or knows where it comes from (USD/JPY message) ? Might it be because the price is already under the red line and I drag the sell order later to the chart?

Thank you Jim
" Trade context busy" is the criminals way of delaying your trade when the market is running in your direction. I can't prove this but I believe their theory is that the longer they can delay a trade which will rapidly be into profit, the more likely it will reverse and come up a loser. I don't know the triggers but I believe it is built into their software. Who knows it might even be true.
Author:  Faramirsen [ Fri Nov 09, 2012 3:19 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Based on BASIC 10.3 Rules (no additions, no changes):

So today I took 7 Trades with the EAs (Jumping SL and taking orders)
All Trades entered Late JPY Session - all automatic

Result:
2 x Negative = - 20 x 2 = - 40 PIPS
3 x Positive (jumping SL) = +21 + 7 +29
2 x out on BE = 0 Pips (Interesting: Both Pairs went after that down and i could have banked another 40 pips)

Total Pips Today: +17pips

:)

Would be good if other could also write down their results - We might have to rethink BE strategy? Not sure guess we need another week of trading :mrgreen:

Have a good weekend
Author:  ibuks [ Fri Nov 09, 2012 3:57 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Took 25 pairs today with 2 different approach @ 7:35am uk time.

Approach 1: set tp to 20 pips with no sl.
Result so far: 14 pairs already closed in profit and 11 pairs still running.

Approach 2: set no sl or tp but set to close all for 500 pip in total.
Result: trade closed for 500 pips.

Observation: I want to test both approach as there seems to be pros and cons for both approaches. More testing will reveal which one I will eventually use on live.

I also did no analysis or charting, I just opened the pair that is close or better than the trade entry from the indicator.

Cheers
Author:  disbellj [ Fri Nov 09, 2012 4:40 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
I found that a D1 1 SMA Open is used in Steve's entry EAs instead of daily open. Here is an indicator I made along time ago to get whatever higher timeframe MA on a lower timeframe. It's set for D1 1 SMA Open just like Steve's EA is.

It looks like I'm only one of a few caring about pivot differences - the fact that different traders are basing trades on different pivots calculated from different starting points. Am I wrong?

Kindest regards,

Don
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