Expert Advisor TFOT based a very complex algorithm that I was not able to fully understand. EA included several Indicators and a lot of filters. What I was able to understand:
EA contains two strategies. First Strategy - scalping strategy. Second - trend following strategy with profit trailing. I've tester this EA within 6 months on two real accounts.
1st - NFA Hedging do not permitted and 2d -Non NFA Hedging permitted. I chose the accounts so specifically in order to check whether the NFA restriction affects the EA work. The result in both accounts is almost identical. Profit for 6 months about 90% . All months EA was profitable except June. it is strange but in June all my EA showed losses. For my opinion it is very powerful & promising EA. My personal recommendations.....
Scalping is a trading on the short time intervals with the purpose to get an income in 10-15 points during few minutes. This style of trading counts as the most favorable for newbie who wants to get richer in one moment. That’s true from one side, but it is also true that not every newbie have ability to success in this style of trading. The scalper’s most favorite time intervals are 1-15minute price graphs.
Now, I am going to provide you with some advices that will help to make the professional scalper from you.
1. First of all, for the successful market scalping, you have to choose the moment when the market has already entered some channel and is awaiting for something. Usually it is waiting for news. That means we have to pick the time when it is not awaiting for any important economic indicators of that country of that particular currency we operating with.
2. After you’ve chosen the time, try to define a channel and build levels of support and resistance. In order to do this, you might need the graphs of bigger time intervals. I would not suggest you entering over half an hour graphs during scalping.
3. Indicators. I have tried a lot. Now I am using Stochastic + FXPredictor mt4 indicator.
4. Forget about orders because during scalping you will have no time for its installing. Entering and exiting a market occurs only in the hand regime or, what is more convenient, by the script.
5. Determine your own level of loss. Do not high it up too much because scalping involves often entering a market and in your bad times you are at risk to loose your whole deposit.
6. Study the theory of round numbers – for example, if the market reaches to the price of 0.9500, it will probably stay on this level for a bit and the price for some time will be situated in the channel around that number. This is happening because of traders love round numbers and place their special orders on them. Now because there are orders for both buying and selling, the market temporarily falls in stupor. During this time it determines which way it wants to go. This theory itself creates n independent trading system.
So this is pretty much it. Determine the moment when market is in the channel, determine levels of support and resistance, and during the price reaches these levels, use the signals of stochastic and FXPredictor mt4 indicators for entering and exiting. I would recommend testing any strategy on the history.
|Currency: AUDNZD, EURGBP |
All the data, needed for trade on REAL accounts of protection and correction, are included in the advisor, namely:
- correction of slippage
- correction of spread change
- Closing of orders on TakeProfit (excludes slippage or a server error at closing of orders)
- shadow levels of StopLoss
- 3 methods of money management, which exclude drawdown
- automatic detection of difference between the terminal time and the GMT time, and also detection of date of switching a clock on summer/winter time
- the report, which is convenient for the analysis and is made by the advisor
First of all, I want to concentrate on MBTrading Broker. This is an ECN broker with real quotations and great spreads. MBTrading has MT4 demo, but this terminal is pretty “raw” yet and there is no information when real accounts on MT4 are planed. I think it’s going to happen in a year. Every experienced trader knows that the trading through API is always the most successful. Thus I decide to buy and test MT4 - MBTrading Navigator Bridge developed by iticsoftware.com.
And those are my conclusions:
installation took 5 minutes. The installation of MT4 Demo took more time. After
that I added all mt4 expert advisors, which I use with mt4 demo. After working
a week I found no problems. All orders were copied without errors. I was also
surprised that there was no need to have a lot of open pages on the screen. In
order to work with MT4 - MBTrading Navigator Bridge you have to have only one
MT4 terminal open. The thing that surprised me the most was that the script
supplies with an open code, and DDL is the only thing that is protected. This
gives an opportunity, for example for script, to organize all straight calls
right from mt4 expert advisors. That’s what I am doing now.
You can buy bridge from iticsoftware.com web site (menu MT4 TOOLS) or from my blog
Time Limited version 450 USD / 1 year
Time Frame: M5
Price: 950 USD
MT4 EA "NeuralScalpingEA" Description and Parameters
The expert advisor consists of the unique scalping mt4 expert advisor, which is based on in-depth analysis of the sample by means of overlap of multilayered flat channels that not only gives a chance to identify the price maximum and minimum on a certain time interval, but also allows to estimate the market tendency, i.e. if the market dies away or vice versa. Neural part also analyzes sample in the same time interval and takes a decision to open order or not to open it on the basis of the accumulated knowledge. Options also allow to open order at negative signal of the neural networks, but with changed StopLoss and TakeProfit and smaller lot. It allows to protect the deposit in a better way.
The expert advisor was created for work with currency pairs having low spread EUR/USD. In order to prevent the pernicious influence of the expert advisor on the market, the number of copies in sale is limited. MT4 EA NeuralScalper ManualMT EA "NeuralScalpingEA Back Test
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