FastScalp (By blu88100)

Gain : +931.97%
Drawdown 5.77%
Pips: 2890.2
Trades 1136
Won:
Lost:
Type: Real
Leverage: 1:150
Trading: Automated

FastScalp Discussion

May 02, 2012 at 11:52
9,502 Views
93 Replies
Member Since Mar 23, 2012   15 posts
Jun 14, 2012 at 12:30
hello blue

is this ea for sale?

if so, where can i find out more about it?
Member Since Jan 12, 2012   1 posts
Jun 22, 2012 at 14:33
Ciao amico!

Che EA stai usando?. sembra FAP Turbo

Quali sono le settings?

Grazie.
Member Since Jul 01, 2010   6 posts
Jun 22, 2012 at 15:20
Hello everyone, FastScalp is a system of non-traditional scalping. It has nothing to do with other systems on the market. Work on the Majors, has an indicator that we have created that analyzes the volatility of the market instantly and tries to identify Microtrend very short term. By next month we will do a test sale. We are evaluating the price and method of placement. Thanks and see you soon.
De la causa, principio et uno
Member Since Apr 08, 2011   153 posts
Jun 23, 2012 at 05:13 (edited Jun 23, 2012 at 05:20)
Very interesting EA, seems like it is not just scalping spikes. Nice work if that works live indeed. I just find the broker 4XP a bit suspicious since they have a lot bad reviews on the net (which account are you using there, the classic or ECN?). Does this EA work with 'serious' brokers as well, like Armada Markets or LMAX, etc? Is it possible to preview / beta-test your EA? Do you have a website for the test-sale yet? Thank you.
Member Since Dec 06, 2010   4 posts
Jun 23, 2012 at 11:18
Does it mean instant volatillity = daily volatility?. Microtrend must be identified in 1 m. TF chart? In any case Thanks Pellegrino.
Member Since Oct 03, 2010   155 posts
Jun 23, 2012 at 14:55
Very interesting EA. Any idea about the cost of this EA?
Member Since Nov 25, 2011   26 posts
Jun 24, 2012 at 03:16
What 4XP account do you use? You state 200:1, but the classic 4xP account is 300:1, and the ECN is 150:1, so I was wondering what type you use.
Member Since Jul 01, 2010   6 posts
Jun 24, 2012 at 12:20 (edited Jun 24, 2012 at 12:51)
Hello everybody.
We are currently working with 4XP and we are arranging for the system to Lmax and Sunbird. We are testing several other brokers but at this time 4XP is the broker that we perform better. The account is an ECN, the leverage is 150:1 (apologize for the error). We are evaluating the price and method of placement of the EA. The website will be available shortly. And you can find the commercial an tecnical answers you seek. Thanks and see you soon.
De la causa, principio et uno
pipsquick
forex_trader_21787
Member Since Nov 02, 2010   99 posts
Jun 24, 2012 at 18:47
Mr Pellegrino this seems to be a arbitrage EA, and you can call it what ever you want but this is clearly an EA that most brokers will not tolerate sir, which makes it almost worthless.

 Even if it actually was not based on arbitrage concept the average trade time is 30 seconds which will not make any bank (liquidity provider) very happy. So once you start getting into the big money the banks will simply widen the spreads which will kill any performance as per say.
Member Since Apr 08, 2011   153 posts
Jun 24, 2012 at 20:18
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.

Just see:

https://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:
https://www.myfxbook.com/members/NewMillenniumInc/nmi-super-scalper-v111-v115/293402

So FastScalp should do equally well on a good broker.
Member Since Jul 01, 2010   6 posts
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
forex_trader_21787
Member Since Nov 02, 2010   99 posts
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:

https://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:
https://www.myfxbook.com/members/NewMillenniumInc/nmi-super-scalper-v111-v115/293402

So FastScalp should do equally well on a good broker.
Member Since Nov 25, 2011   26 posts
Jun 26, 2012 at 01:10
No trades since June 22 with FastScalp, or have you stopped the EA? Nice results Blu!

Dan
Member Since Jan 18, 2012   81 posts
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
Member Since Jun 06, 2012   5 posts
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.
Member Since Jun 06, 2012   5 posts
Jun 29, 2012 at 17:06
Check my profile with the name Scalper(........),only one loss today. Contact me on [email protected] for the ea to be modified if u r a programmer
Member Since Apr 08, 2011   153 posts
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.
Member Since Jun 30, 2012   7 posts
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) ?


Member Since Jun 30, 2012   7 posts
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.
Member Since Apr 08, 2011   153 posts
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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