Day One with PBJ. Automated Trend Following scalper on LMAX. Use Custom Analysis to check progress of the latest version. Each update that I make to the EA I'll increase the magic number by 1. Currently on version 6 and still making adjustments.
I've been interested in trend scalping for the past 2 months and I finally launched the automated system. It's not finished completely.. I'm already on the 6th update from the original logic 24 hours ago. I have some other ideas that I'll roll out within the next few hours and see how the updates compare to the 6th version.
Currently at this speed I'll be wealthy in a month from estimating the Myfxbook stats, but realistically I have no idea what the outcome will be. I wasn't expecting to earn 20% in 12 hours and another 20% in the next 12 hours. It hasn't even been a solid 24 hours and its placed over 200 trades solely on EURUSD.
I'm trading at LMAX therefore it's ECN + Commission and they have no interest to trade against me. If it were a Market market I'm sure I'd get 'Trade Disabled' within the next week.
I'll update with more soon. Thanks for looking. Trade History Open at ForexFactory under profile: PipNvestment
my goal is to process the logic at every tick and not all the other stuff. The 'otherstuff' is accountfreemargin -timefilter- equity DD - calc lotsize - etc . which is all essential but not on every tick. what is your suggestion? run the otherstuff at a time interval? therefore i have the best chance of processing the highest # of ticks
I'm on version/ magic # 14. I recoded the whole EA and slightly changed the logic for a more accurate entry. I also built an indicator for support and resistance levels that I've been trying to do for over a year now that is very similar to my manual scalping strategy. I hope to implement the S/R indicator into this EA for better decision making and more signals.
Currently this EA is semi automated. I have to decide at what price level trading is OK before hand. Today, PBJ will trade long to 1.2700 from 1.2600 and Short the highs above 1.27--. This should keep the trades active for the next day and allow me to work on the indicator more
Over 527 pips / 3(TP) = 175 signals on BUY ONLY side of EURUSD yesterday. The dd past the 10% mark ( goal), but could have been easily avoided if sell signals were active. I'm still working on the s/r indicator and I'm hoping to have it all figured out before US open. Still trading buy only signals
I wish I could build a system that always had the equity line above the balance line. It's quite difficult do you because the system would turn into a long term swing trading system that relies on monthly trends and not the every day volatility. I like the every day stuff so this system is scalping. The TakeProfit is 3 pips so it's virtually impossible to do that.
We're also on entry phase only - Capturing all the signals is our current objective.
I closed all positions after making several mistakes while hedging the open positions before FOMC. Everything would have worked wonderfully if I didn't touch anything. The account churned a balance of 140%gain and the equity curve would have caught up with the balance if i didn't intervene.
at 93 pips on thursday morning(1:50am my time) after FOMC statement - check later
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