FastScalp (by blu88100) Quick Stats
Gain: +931.97%
Drawdown: 5.77%
Pips: 2890.2
Trades: 1136
Won:
Lost:
Type: Real
Leverage: 1:150
Trading: Automated

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FastScalp Discussion
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blu88100

Member Since Jul 01, 2010  6 posts F. Pellegrino (blu88100) Jun 25 2012 at 05:46
Dear friends, since somebody's imagination begins to work some technical information (not reply to other details). Some questions for the smart ones. In your experience in a minute there are more pips if the market is trending or congestion? In ten seconds? And in three seconds? All brokers have the same execution STP? And finally, all brokers have the same slippage? Thanks to Sustratus and Geektrader for comments. In the coming weeks I will try the suggested broker.

De la causa, principio et uno
pipsquick

Member Since Nov 02, 2010  25 posts pipsquick Jun 25 2012 at 11:55

   geektrader posted:
   That´s not true, it´s a kind of a tick-scalper that trades on spikes as I see from the trade history and there are many other tick-scalpers that work just fine with a good broker. Number One, NMI Super Scalper (just look at MyFxBook in various account statements for these EAs), etc etc all do well. Spread-widening happens if the broker deals against you, with a market marker! But on a serious ECN broker they are happy the more you trade because they get commission and you trade on the real market.

The problems you are mentioning does not apply anymore nowadays with a good ECN brokers.

I as an example, run NMI Super Scalper with great results on various ECN brokers for months (and my own tick-scalper for over 1,5 years) without any problems. And my average trade-duration is about 20 seconds and less.

Surely if you go to a ugly market maker wich such a EA you will get kicked, but there are more than enough good ECN brokers nowadays like Armada Markets, FXPig, Pepperstone Razor where such EAs do wonderful.

Geektrader
If this is truly a real scalper EA and not an Arbitrage EA and it works or can work on certain ECN brokers then that would be fantastic. It also seems that the results here are better than all of the other EA's you have in your 2 links, except the one has an average trade time of 7 minutes which would not be in the same boat as this EA here.

 I was also told that a broker can detect whether or not its a real Arbitrage EA or a scalper because I am currently testing an Arbitrage EA with Think Forex right now and its not doing very well. So I want to stay away from the Arbitrage EA's completely but am interested in thsi EA if it is a true scalper.

Just see:

http://www.myfxbook.com/members/Lorenzo

Those are all real accounts with great results and average trade-duration is as quick as this EA here.

Same here:
http://www.myfxbook.com/members/NewMillenniumInc/nmi-super-scalper-v111-v115/293402

islandTraderFX

Member Since Nov 25, 2011  22 posts Dan (islandTraderFX) Jun 26 2012 at 01:10
No trades since June 22 with FastScalp, or have you stopped the EA? Nice results Blu!

Dan

brijesh

Member Since Jan 18, 2012  67 posts brijesh Jun 29 2012 at 15:50
hi, i m waiting for this.
when u will start to sell it?

pls start real account on some other brokers too.

Axitrader
traderfort
roboforex

Pipsmaster

Member Since Jun 06, 2012  5 posts pipsmaster (Pipsmaster) Jun 29 2012 at 17:04
Nice result blu. Hope its for sale. I have something similar to this but takes hours to close. If anyone can code it to open and close within one minute,it would be great.

Pipsmaster

Member Since Jun 06, 2012  5 posts pipsmaster (Pipsmaster) Jun 29 2012 at 17:06
Check my profile with the name Scalper(........),only one loss today. Contact me on ukezy4sure@gmail.com for the ea to be modified if u r a programmer

geektrader

Member Since Apr 08, 2011  122 posts geektrader Jun 29 2012 at 19:46
@Pipsmaster: well, your EA trades totally different, if you close the same trade within the same minute, you have to have a perfect entry point, but your EA has no SL at all and currently there is a trade open with -130 pips! With tick-scalpers the StopLoss is usually 2 to 4 pips, not more. A totally different concept compared to your EA especially with the entry point. So no way to modify your EA to close the trades within 1 minute, surely you can do that, but then all trades would be losers. Why not just use a tick-scalper EA that already can do this, like FastScalp (once it is out), or NMi Super Scalper, Forex Thor, EA Shark 7.0, there are so many to choose from nowadays, no need to code your own.

tietaja

Member Since Jun 30, 2012  7 posts tietaja Jun 30 2012 at 21:47
Is this some kind of scam system because trades done by the invalid fill prices ?

For example check the trade for EUR/USD at 06.29.2012 15:41

For that minute the Netdania.com says 1.2676 - 1.2681 range

Or am I missing something? Times UTC-0 (GMT+0) ?



tietaja

Member Since Jun 30, 2012  7 posts tietaja Jun 30 2012 at 21:47
Just wondering if you do allmost 600% in 2 month why the hell you don't just trade by yourself and come to VERY VERY RICH man within a year?

600% in 2 months by that low maximum drawdown you can easily use dynamic positions and this will give you astronomical results after 12 months.

You do not need others money to get billionaire.

geektrader

Member Since Apr 08, 2011  122 posts geektrader Jul 01 2012 at 01:45
That reason is not valid anymore, they are selling the EA to fund their trading account in order to be able to trade a good lot size. And the EA is not for sale anyway yet, so why are you complaining?

@tietaja: GMT offset needs to be applied, the fills are absolutely correct when comparing with my broker.

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