Best Scalper (de forexgermany)

Gain : +1713.7%
Drawdown 59.72%
Pips: 3627.9
Transactions 3655
Gagné:
Perdu:
Type: Réel
Levier: 1:500
Trading: Automatisé

Discussion Best Scalper

Membre depuis Jul 31, 2017   posts 38
Jan 23, 2019 at 07:40
I used to think this was one of the best strategies on myfxbook. Sometimes I wonder if the successful strategies here are simply just lucky. All the ones that do not succeed simply would be deleted. But this system compared to a lot is still pretty good. Saying that my faith in forex as a long term investment is not that high. Overtime 4 years plus it appears that all strategies eventually go into large drawdown.
slowlikepanda@
Membre depuis Jul 10, 2016   posts 12
Jan 23, 2019 at 07:52
the new version has been online, you can upgrade to ver 23.

as you know the hard year in 2018 year, most market situation was so bad , due to BEXIT and abnormal world market economy issue, but we are still alive, not like other strategy go to dead.
Membre depuis Jul 10, 2016   posts 12
Jan 23, 2019 at 07:52
the MT5 BS version has better than MT4 because MT5 market liquidity is more activity, good price stream.
Membre depuis Jan 14, 2017   posts 38
Jan 23, 2019 at 11:34
EOSFX posted:
the new version has been online, you can upgrade to ver 23.

as you know the hard year in 2018 year, most market situation was so bad , due to BEXIT and abnormal world market economy issue, but we are still alive, not like other strategy go to dead.

And you are completely right. No matter if you have a temporarily loses. The main thing - you are still in the game!
Membre depuis Apr 28, 2012   posts 231
Jan 23, 2019 at 11:39
@RoboFX123 How small?
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Membre depuis Aug 22, 2012   posts 170
Jan 24, 2019 at 03:02
@forexgermany Are you using version 2.3 with the new set files?
Membre depuis Apr 06, 2018   posts 254
Jan 29, 2019 at 07:32
slpanda posted:
I used to think this was one of the best strategies on myfxbook. Sometimes I wonder if the successful strategies here are simply just lucky. All the ones that do not succeed simply would be deleted. But this system compared to a lot is still pretty good. Saying that my faith in forex as a long term investment is not that high. Overtime 4 years plus it appears that all strategies eventually go into large drawdown.
Night scalper is a profitable strategy. Best Scalper trade only major pair EURUSD/GBPUSD. But from my experience Night scalpers best suited for cross currency pair. If this EA also trade cross then there may be low volatility and better return on capital.
The market will trade through it’s path of least resistance .
Membre depuis Oct 04, 2010   posts 147
Feb 06, 2019 at 21:51
The account was upgraded to version 2.3 running the new set files last weekend.
Membre depuis Apr 28, 2012   posts 231
Mar 28, 2019 at 08:54
@forexgermany Did you suspend trading on the 27th in light of the Brexit vote?
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Membre depuis Oct 04, 2010   posts 147
Mar 28, 2019 at 11:09
Nope.
Membre depuis Apr 28, 2012   posts 231
Mar 28, 2019 at 17:44
@forexgermany

Odd, my copy was very active on the 27th.
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Membre depuis Oct 26, 2018   posts 3
Dec 10, 2019 at 12:23
@forexgermany I see your latest trades have different open trade than usual, is there any change on the setfile? If so, what changes are they? Do you mind to share the setfile?

Thanks a lot.
Membre depuis Oct 04, 2010   posts 147
Dec 10, 2019 at 20:08
That wasn't intended - just the old auto EST offset bug (-6 instead of +7).
Membre depuis Apr 28, 2012   posts 231
Dec 12, 2019 at 22:32 (édité Dec 12, 2019 at 22:32)
Best Scalper looks like it just opened a bugged position: a killer sell order with no stop loss and no TP which is completely uncharacteristic of the EA during the UK election.
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Membre depuis Jul 10, 2016   posts 12
Dec 14, 2019 at 07:25
the price move up too fast then SL the order, the EA did not give the SL or market have passed the SL price , for example, the market did not provide any point price to SL, so the broker give you worst price to close the position.
Membre depuis Apr 28, 2012   posts 231
Dec 15, 2019 at 21:55
@Afron to be fair, the EA is still profitable over time per @forexgermany 's account, even with this factored in.

Having said that though, I advised the maker of the EA to feature a check on positions for their TPs/SLs, and if there are none, to either set the appropriate TP/SL, or close the position if the gain or loss would trigger the TP/SL normally.

Hopefully we'll see a patch/update soon.

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Membre depuis Jul 10, 2016   posts 12
Dec 16, 2019 at 01:01
actually, the scalping EA has long term live time in the market.
Membre depuis Oct 04, 2010   posts 147
Dec 16, 2019 at 19:35
Surrealistik posted:
Best Scalper looks like it just opened a bugged position: a killer sell order with no stop loss and no TP which is completely uncharacteristic of the EA during the UK election.

I have checked the logs. The EA didn't even try to set SL/TP or to close the order earlier. However, I was lucky. The order was opened miles away from the limit, otherwise I would have lost more than twice as much.
Membre depuis Apr 28, 2012   posts 231
Dec 16, 2019 at 23:34
Another issue I've noticed is that when there is a strong move, pending orders do not seem to account for this in a timely fashion. For example, a GBPUSD buy order was triggered during a strong move down, and then was immediately liquidated at a loss before even the 15 minute candle close.

If the EA could account for and recognise such strong moves, adjust pendings accordingly, it may help with performance.

Alternately, it might account for heavier than usual volatility by opting not to trade at all.
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Membre depuis Oct 26, 2018   posts 3
Dec 17, 2020 at 09:53
@forexgermany .. did you stop the EA? The myfxbook isn't updating.

Thanks.
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