Super scalper (open trade towards previous closed profit / opposite previous closed loss)

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tapsy
  • updated
  • Completed

Can we help each other and try to code an EA that can place an order for this example i will use a buy. The buy will have a tp and sl of 50 pips. If the price hits tp another buy is opens and it does on like that and if the sl is hit a sell is made with the opposite sl and tp as the buy and the same happens if the tp is hit. To avoid too many trades a time filter is set for the most volatile period from end of Asian market to end of US markets. A max spread is set to 5 so ECN brokers are required. Tell me what you think and lets work as a community to code this. I think this EA will be able to maximise profits with minimum risk on capital

TOGETHER WE CAN GO FAR.

Duplicates 2
Max Profit Scapling idea


Can we help each other and try to code an EA that can place an order for this example i will use a buy. The buy will have a tp and sl of 50 pips. If the price hits tp another buy is opens and it does on like that and if the sl is hit a sell is made with the opposite sl and tp as the buy and the same happens if the tp is hit. To avoid too many trades a time filter is set for the most volatile period from end of Asian market to end of US markets. A max spread is set to 5 so ECN brokers are required. Tell me what you think and lets work as a community to code this.  I think this EA will be able to maximise profits with minimum risk on capital

TOGETHER WE CAN GO FAR.

Change after Stop-Loss behavior
Avatar Jim

Hello,

I try to create sets without martingales, with Stop-loss and trailing. I often see the following situation: the indicators point in the wrong direction, a Stop-loss is triggered, a new trade starts again in the wrong, indicator based direction. Next Stop-loss, and so forth. 

I'm missing an option like "After Hit Stop-loss":

  1. wait for next entry signal (this happen now)
  2. immediately open a trade opposite of previous trade direction

Point 2 should only occur once after a stop-loss. Perhaps an additional option is useful, which specifies the number of times in a row the trade should be triggered against the previous trade direction.

I believe that can turn many Stop-losses into take-Profits.

Regards

Jim

Replies 17
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0
Hannes Waser

Another discovery probably related to this strategy:

https://www.elitetrader.com/et/threads/is-there-a-coder-that-can-code-this-for-a-mt4-a-mt5-ea-at-no-charge.351732/

the author proposes to accumulate the lost SLs and to use them for position sizing. Might work well too.

@Abdrey, would be great to hear your opinion on this and whether you would like to add such an option as part of position sizing feature of the SuperScalper. 

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0
Sai Pratap
Quote from Hannes Waser

In every scam is a little bit truth inside. :)

i would be rather interested about the why. 

in my own experiments with the DC approach, I also noticed that if I do not use ticks but let's say 5 or even 15m candles, that the  reliability increases.  The reason is probably that all market makers did their moves within 15m interval so the statistics are more reliable due to "large numbers"...

anyway, I will test the scam-ea and see what it can offer. Thanks for the finding

All the best, if u r so keen to waste ur time :P

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0
Sai Pratap
Quote from Hannes Waser

Another discovery probably related to this strategy:

https://www.elitetrader.com/et/threads/is-there-a-coder-that-can-code-this-for-a-mt4-a-mt5-ea-at-no-charge.351732/

the author proposes to accumulate the lost SLs and to use them for position sizing. Might work well too.

@Abdrey, would be great to hear your opinion on this and whether you would like to add such an option as part of position sizing feature of the SuperScalper. 

Do u really think it makes any sense?

IMO, It depends on several factors like the withdrawls done, improper lot size chosen for trade, incorrect signals chosen for trade, etc. Lot size shud be based on the capital, risk one can take but not the trades that are already happened.

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0
Hannes Waser
Quote from Sai Pratap

Do u really think it makes any sense?

IMO, It depends on several factors like the withdrawls done, improper lot size chosen for trade, incorrect signals chosen for trade, etc. Lot size shud be based on the capital, risk one can take but not the trades that are already happened.

The underlying idea behind increasing the lot size is that the conditional probability increases, which is the main underlying for the martingale scalers.

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1
Andrey Khatimlianskyi
  • Planned (collecting votes)

We already have this idea. Will be implemented.

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1
Andrey Khatimlianskyi
  • Started

Will be available soon.

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1
Andrey Khatimlianskyi
  • Completed

Done in 2.44.2