FxOpen-Demo US funds-Scalper (By bonzai)
| Gain : | +56.06% |
| Drawdown | 65.87% |
| Pips: | 3177.0 |
| Trades | 5039 |
| Won: |
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| Lost: |
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| Type: | Demo |
| Leverage: | 1:500 |
| Trading: | Automated |
FxOpen-Demo US funds-Scalper Discussion
Apr 15, 2017 at 12:10
52 Views
3 Replies
Apr 16, 2017 at 07:23
Trading Journal for Demo Account using Scalping EA
Deposit date: Wednesday April 5th 2017
Amount: $5000 US funds
Week 1: (Wed April 5th-Friday April 7th)
Started late in the day on Wed
Total trades: 55
Total Profits: $193.43
%Gain: 3.87%/ week
Observations: Noticing that some trades are still closing in a lossed position, even though they went 3 or 4 trades deep...need to figure out why this is happening...something must be wrong with the configurations of the scalper
Week 2: (Sunday April 9th to Friday April 15th)
This Week: Weekly: +5.22% Profit: $271.14 Pips:-15.30 ( - ) Wins: 56% Trades: 69 Lots: 21.50
Observations: Still noticing that trades are closing as a basket as a loss; some trades only trade 1x and close at a loss
Saturday April 15th: Made changes to the EA: Removed Floating % to Zero 'on this chart only' and changed Lot Multiplier to 1.9 vs 1.7; Let's see how this trades now for the upcoming week
Deposit date: Wednesday April 5th 2017
Amount: $5000 US funds
Week 1: (Wed April 5th-Friday April 7th)
Started late in the day on Wed
Total trades: 55
Total Profits: $193.43
%Gain: 3.87%/ week
Observations: Noticing that some trades are still closing in a lossed position, even though they went 3 or 4 trades deep...need to figure out why this is happening...something must be wrong with the configurations of the scalper
Week 2: (Sunday April 9th to Friday April 15th)
This Week: Weekly: +5.22% Profit: $271.14 Pips:-15.30 ( - ) Wins: 56% Trades: 69 Lots: 21.50
Observations: Still noticing that trades are closing as a basket as a loss; some trades only trade 1x and close at a loss
Saturday April 15th: Made changes to the EA: Removed Floating % to Zero 'on this chart only' and changed Lot Multiplier to 1.9 vs 1.7; Let's see how this trades now for the upcoming week
Apr 18, 2017 at 06:46
Monday April 17th
The changes I made produced a rediculous amount of profits today around $350) which I think is unsustainable...so i made some changes to be more conservative..
re: I added Trailing Mode ON...when I did that it closed a basket of trades for a loss of $56...
I then added Equity Trail Mode on....let's see how that works instead going forward.
The changes I made produced a rediculous amount of profits today around $350) which I think is unsustainable...so i made some changes to be more conservative..
re: I added Trailing Mode ON...when I did that it closed a basket of trades for a loss of $56...
I then added Equity Trail Mode on....let's see how that works instead going forward.
Apr 19, 2017 at 07:26
Tuesday April 18th
Update from above: I mentionned that I removed the Peramaters of Trailing Mode to off (because it was closing trades before they were in profit)...but I turned on Equity Trail Mode: WHAT a SUCCESSFUL strategy!
I had USD/JPY go 6 trades deep into the scalping mode before reversing back up, so when it finally turned, it was locking in at first 2% in profits, then it went on to lock in 5.21% in profits...so I am definetely loving the Equity Trail Mode!
I did make some more adjustments to the paramaters this morning. I switched Virtual trades back to 2 (I had it at 3...but was not seeing any trades go through, so I switched it back to 2). I did however change the Next Pip to 10 instead of 8 (I am thinking 10 pips away will be more conservative then 9), and I also switched it to purchase on NEXT CANDLE...not during a candle...I figure this will also be more conservative.
All in all, very good EA with some tweaking. I am going to continue to experiment with different parameters for a while. I do want to try and break the EA while at the same time be as conservative as possible so that I protect profits.
Next tweak I will look to trade it on the 30 minute charts vs the 1 hour chart (looking for the differences), and I will also add a DO NOT Trade when DD is around 25% and see how that goes...stay tunned!
Update from above: I mentionned that I removed the Peramaters of Trailing Mode to off (because it was closing trades before they were in profit)...but I turned on Equity Trail Mode: WHAT a SUCCESSFUL strategy!
I had USD/JPY go 6 trades deep into the scalping mode before reversing back up, so when it finally turned, it was locking in at first 2% in profits, then it went on to lock in 5.21% in profits...so I am definetely loving the Equity Trail Mode!
I did make some more adjustments to the paramaters this morning. I switched Virtual trades back to 2 (I had it at 3...but was not seeing any trades go through, so I switched it back to 2). I did however change the Next Pip to 10 instead of 8 (I am thinking 10 pips away will be more conservative then 9), and I also switched it to purchase on NEXT CANDLE...not during a candle...I figure this will also be more conservative.
All in all, very good EA with some tweaking. I am going to continue to experiment with different parameters for a while. I do want to try and break the EA while at the same time be as conservative as possible so that I protect profits.
Next tweak I will look to trade it on the 30 minute charts vs the 1 hour chart (looking for the differences), and I will also add a DO NOT Trade when DD is around 25% and see how that goes...stay tunned!
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