forex scalping

I haven't live tested this yet so bear with me.

I used those settings because they gave me the best results.

I don't mind holding onto a trade. I need to give it wiggle room.

I have the EA set-up to make 1 trade at a time. Whenever it makes a trade (based on strategy tester) trade closes within a few mins. But there are times it goes "south" before coming back up. It's trading the 1-minute so my take-profits aren't that high, nor is it making hundreds of trades. Only about 30 trades per month.


Added trailing-stop option, results attached:

Mini-lot, 15-point trailing-stop, same strategy.

Now I need to figure out how to override the trailing stop if price action is within 5-points of a particular level-- this way it can be stopped earlier.
 

Attachments

Sorry fella, but your results of 109 wins and 1 loss over 2 weeks, with risk:return of 20:1 clearly demonstrate an over-optimised, absurdly curved-fitted system.

Try expanding the time range of your backtest and you'll find the system is a dismal failure.

You'd be better off trying to develop a system that exploits an inherent characteristic of the market rather than throwing a bunch of variables into a mix and picking what looks good over a very short time.
 
Yes yes your totally right. I don't trade the system manually, I just take a lot of random variables and "optimize" to see what works.
 
Quote from BigFunky:

Sorry fella, but your results of 109 wins and 1 loss over 2 weeks, with risk:return of 20:1 clearly demonstrate an over-optimised, absurdly curved-fitted system.

Try expanding the time range of your backtest and you'll find the system is a dismal failure.

You'd be better off trying to develop a system that exploits an inherent characteristic of the market rather than throwing a bunch of variables into a mix and picking what looks good over a very short time.
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Nobody said anything about reality, Funky.
Besides, one can never reach guru status if one is hindered by the facts.
 
Quote from cabletrader:

It's all the same language isn't it, MQL4? It might be worth waiting until MQL5 is released, apparently MT4 & 5 EA's aren't compatible.



Bollinger bands, Donchian channels, Keltner channels, STARC bands......all look the same to me :)
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What are these indicators.
 
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