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Author Topic: Best Scalper  (Read 235247 times)

Offline alaali

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Re: Best Scalper
« Reply #660 on: January 10, 2018, 05:28:20 PM »
Correct - this is the reason, why we do not recommend any concrete broker for our EAs. Any concentration of many accounts using the same trading strategy /especially a profitable scalping one/ in a same broker leads to concentration of huge trading volumes in exact same moment, which the broker cannot handle well, so the broker has no options unless worsening the trading conditions for all accounts using this EA.

This can be the case or there is no liquidity to fulfill that order.

I think it is better to reduce the lot either by doing so using two or more charts or maybe open different accounts.

For me, this week result is around Breakeven so maybe it is not a problem in liquidity or broker but the market itself is not suitable for BS.
« Last Edit: January 10, 2018, 05:32:20 PM by alaali »

Online atomico

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Re: Best Scalper
« Reply #661 on: January 10, 2018, 05:39:06 PM »
hi guys,

excuse me... but what i hear is: it's impossible to make money with SCALPER and broker???

i have put on my ICM account 500 Euro and placed the Best Scalper with AGGRESSIVE setting... if the scalper reach 4-5 lots for single trade... i can forget to make money???

this is ONLY for the SCALPER? this is for ALL THE BROKER?

on my mind ICM, Pepperstone, TICKMILL and similar are good broker... but seems that i am wrong...

DARWINEX???

what are the difference with retail broker and high liquidity broker?

really impossible to make money with scalper??? all my backtest are UNUSABLE from what i hear... all broker play bad versus the client that PAY a COMMISSION for single trade...

Offline anglebird

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Re: Best Scalper
« Reply #662 on: January 10, 2018, 06:36:08 PM »
hi guys,

excuse me... but what i hear is: it's impossible to make money with SCALPER and broker???

i have put on my ICM account 500 Euro and placed the Best Scalper with AGGRESSIVE setting... if the scalper reach 4-5 lots for single trade... i can forget to make money???

this is ONLY for the SCALPER? this is for ALL THE BROKER?

on my mind ICM, Pepperstone, TICKMILL and similar are good broker... but seems that i am wrong...

DARWINEX???

what are the difference with retail broker and high liquidity broker?

really impossible to make money with scalper??? all my backtest are UNUSABLE from what i hear... all broker play bad versus the client that PAY a COMMISSION for single trade...

I don't know why you should worry about scalper performance, Donna makes 179% profit before a year and forexgermany make almost 3000% profit more than 3 years with this kind of strategy. I think you should worry about your setting to run BS in aggresive mode, forexgermany run BS in conservative setting and suffer 36% drawdown, so it is really possible you will suffer around 60 % or maybe 70% drawdown in bad period if you still run aggresive mode.

I'm using BS on darwinex, so far so good but running BS on ICM is the best. You get lower spread, faster execution, also cash back, really great deal I think. Comparing my account with forexgermany or donna's account, their performance is better.

Offline nwboater

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Re: Best Scalper
« Reply #663 on: January 10, 2018, 06:47:20 PM »
hi guys,

excuse me... but what i hear is: it's impossible to make money with SCALPER and broker???

i have put on my ICM account 500 Euro and placed the Best Scalper with AGGRESSIVE setting... if the scalper reach 4-5 lots for single trade... i can forget to make money???

this is ONLY for the SCALPER? this is for ALL THE BROKER?

on my mind ICM, Pepperstone, TICKMILL and similar are good broker... but seems that i am wrong...

DARWINEX???

what are the difference with retail broker and high liquidity broker?

really impossible to make money with scalper??? all my backtest are UNUSABLE from what i hear... all broker play bad versus the client that PAY a COMMISSION for single trade...

I don't know why you should worry about scalper performance, Donna makes 179% profit before a year and forexgermany make almost 3000% profit more than 3 years with this kind of strategy. I think you should worry about your setting to run BS in aggresive mode, forexgermany run BS in conservative setting and suffer 36% drawdown, so it is really possible you will suffer around 60 % or maybe 70% drawdown in bad period if you still run aggresive mode.

I'm using BS on darwinex, so far so good but running BS on ICM is the best. You get lower spread, faster execution, also cash back, really great deal I think. Comparing my account with forexgermany or donna's account, their performance is better.

I believe the problem comes in on larger accounts. That's probably when you get flagged at the broker, that is if the broker does play the games. Donna's and Forex Germany's accounts are relatively small.

Cheers,
Rod
EA's (All run on separate accounts):
Wall Street: Volatility Factor 46%, Wall Street 2 23%, Diamond 11%, Trend Detector 5%.
Cyborg 15%

On Hold: Best Free Scalper & Best Scalper.

Broker: IC Markets
VPS's: Amazon EC2 & Beeks.
Rebates: HFT Group

Offline donnaforex

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Re: Best Scalper
« Reply #664 on: January 10, 2018, 06:51:03 PM »
If i'm going to scalp trade i'd rather 'go big or go home' in terms of aggressive risk (NOT account size! quite the opposite, i trade big on small accounts and then would aim to withdraw initial capital ASAP - i didn't withdraw on my reference account because it's a public test account, but i probably should...). Time and time again we see scalping systems ultimately fail over time. Best Scalper has lasted longer than any other scalper i've seen to date; something i find quite impressive. But i expect it to eventually fail as with all scalpers (i'd like to be proven wrong, let's meet again in 5 years and see what happens...). With that in mind it is best to recover 1. Your account capital and 2. Your purchase cost for the EA, as quick as possible and then it's all fun and games after that.

Of course you have to weigh up how aggressive to go and allow room for normal fluctuations, at quick glance on my account i believe a normal fluctuation to be as high as 60% dd on my account. It's no good going so high that a small shift eliminates your account. It's also no good going big on a $500 account if that $500 represents half of your trading bank - that's asking for trouble.

I know this flies in the face of the general 'trade 1% risk and go slow' mentality but it's my experience over the years with this kind of system. Slow and steady is for something else, not for fast scalpers. And neither do i think scalpers are good for new traders even though it is the most attractive trading method to many. On the subject of new traders, one big thing i keep seeing is newbies throwing their whole bank into one or two accounts and adding systems then sitting on the edge of their seat biting their nails. Diversify and spread out across more accounts so you aren't attached to 'the big one', some may fail, some may fly... 

Back on topic...One thing going for us at the moment is that the focus is very much away from EA's and onto cryptocurrencies, binaries, and other trading. EA's seem to have fallen out of fashion a bit. This is good and will extend the lifespan :).

*small print: i'm not suggesting everyone trade at mad risk and this isn't a recommendation, you need to find what is right for you and everyone's circumstances are different.*
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If you need to contact me, email admin@donnaforex.com or Skype 'donnaforex' or PM via the forum.

Online atomico

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Re: Best Scalper
« Reply #665 on: January 11, 2018, 08:40:38 AM »

I don't know why you should worry about scalper performance, Donna makes 179% profit before a year and forexgermany make almost 3000% profit more than 3 years with this kind of strategy. I think you should worry about your setting to run BS in aggresive mode, forexgermany run BS in conservative setting and suffer 36% drawdown, so it is really possible you will suffer around 60 % or maybe 70% drawdown in bad period if you still run aggresive mode.

I'm using BS on darwinex, so far so good but running BS on ICM is the best. You get lower spread, faster execution, also cash back, really great deal I think. Comparing my account with forexgermany or donna's account, their performance is better.

DD is NOT my problem, i understand perfectly that i can suffer for big DD...
the problem is: when my account grow (i hope to see) and lotsizes increase from 0.2 to 2-3-4 or more lots... i am FLAG from the broker and i stop to gain money???

for what i read seems impossible to have an account grow in similar mode of the executed backtest... what i want to try to reach is a continuos grow of my money... if i pay a commission to ICM, why i can suffer to gain money?

7$ for lot is not good for the broker???

Online Nadir

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Re: Best Scalper
« Reply #666 on: January 11, 2018, 11:32:27 AM »
I have the feeling we mix all kind of things together here and people already start to panic because of confusions.

1) If you trade in a normal / dealing desk account then you make a mistake. Because no dog should bite his feeders hands. In these accounts the broker is the market maker, he will gain your losses and lose your wins. If you win too much they will flag you and worsen your trades. Basically this is like playing in a casino against the house. They like you when you lose, not when you win because your win is their loss.

2) ECN / STP accounts work in a way that your trading counterpart is "the world" but not your broker. If the broker is an honest one and is really giving your orders into the world market then they have no reason to not like you. Because they win from your commissions and basically the more you trade the more they win. However only good brokers see your account money as yours and not as theirs.
Needles to say, withdrawing a lot of money is always a crucial moment when dealing with any form of brokers and even banks.

However(!), your counterpart is the world market and therefore you need a partner which is betting in the opposite direction as you. That's fundamentally the point about liquidity. Scalpers depend on getting the trade fast. If a million people use best scalper and one million accounts are ordering at the same time say long eurusd, who exactly is the kind of idiot to shorten that? Most of the time there is always enough liquidity to do whatever trade you like but in such timely tight scenaries, the more people use your strategy, the worse it is for you because the longer you have to wait before some counterpart for your trade is found.

And obviously, the higher your lots, the worse it gets.


On a sidenote: this is trivial talk, if you go deep, you would need to factor other things in and would need to correct some formulations. I'm aware of that.

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Offline bearnakedbull

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Re: Best Scalper
« Reply #667 on: January 11, 2018, 02:12:55 PM »
With two charts splitting the risk yesterday/last night, I did the same as Donna's account on eurusd but on gbpusd I slipped 1 pip. Still not very good but I will wait until next week before changing anything again.

I appreciate all of the comments here regarding brokers and liquidity. I do trust IC Markets is a fair player in this otherwise crooked game and it would seem to me that few lots is insignificant but there are likely hundreds of traders requesting the same liquidity at the same time which is looking like a factor here.
I used to believe that larger lot sizes would have an advantage because in the earlier days of retail Forex trading the microlot sizing was an inconvenience and not readily available. So perhaps things are different now; I don't pretend to know how all of the nuances of how a market runs but I feel it effects at times.
Regards, bnb

Online donbon2

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Re: Best Scalper
« Reply #668 on: January 12, 2018, 03:08:28 PM »
basically it works most of the time on limit order - when the offer or bid goes over the order - if there is enough volume there then you get filled if not you get the next price (which can be better or worse)

as we have seen - depends what server you are on and whether your using a VPS as can make slight price difference.

main thing here is you need ECN broker or just forget it you will never get anywhere.

you trade with a dealing desk they will not allow this for very long - as they can't cover every 30,000 trade it isnt worth it to them.
Broker - IC Markets   VPS - Amazon EC2 + CNS  

EA:
BS + BFS = not trading them at the moment due to market conditions
Forex Trend Detector - EUR normal and high frequency + GBP (small account MM 0.5% Recovery)
Vol Factor 2 -- EUR MM1.3% + YEN MM1.2% + GBP MM0.9%  (((My Number 1 recommended EA at the moment)))
WS Evo 2 - EUR MM1.2% + GBP MM1.2% + YEN MM1.2% (I do not use WS Asia or Recovery Version)
Forex Diamond - EUR + GBP + YEN (very small account)

(Martingale Trend Strategy - Zone/Parabolic/SuperTrend
 starting lot size 0.01)

News - Thomson Reuters Eikon
Trade Manager - Visual Trading Console for MT4
Trading Rebates - through CashBackFX
VPS - I recommend Amazon EC2 ... but if you qualify get a broker sponsored one as well for scalpers

Online atomico

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Re: Best Scalper
« Reply #669 on: January 12, 2018, 05:01:51 PM »
account of Donna is with AGGRESSIVE set? with double chart for both currency pair?

not sure to understand this particular...

on my account i have 2 negative SELL trade on GBP, because i am using AGGRESSIVE with 2 chart and 2 different start time (16-18 and 17-18)

my server is located in EU, ping is variable, sometime good sometime bad... from 70 to 90 ms

Offline nwboater

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Re: Best Scalper
« Reply #670 on: January 12, 2018, 05:13:05 PM »
account of Donna is with AGGRESSIVE set? with double chart for both currency pair?

not sure to understand this particular...

on my account i have 2 negative SELL trade on GBP, because i am using AGGRESSIVE with 2 chart and 2 different start time (16-18 and 17-18)

my server is located in EU, ping is variable, sometime good sometime bad... from 70 to 90 ms

I believe that Donna's account is 2 charts and ForexGermany is 1. You could confirm this by looking at the trade history in their FxBooks. (I haven't done this.) Donna's risk setting may also be different than FG. She gave here set files in post #309 here.

Cheers,
Rod
EA's (All run on separate accounts):
Wall Street: Volatility Factor 46%, Wall Street 2 23%, Diamond 11%, Trend Detector 5%.
Cyborg 15%

On Hold: Best Free Scalper & Best Scalper.

Broker: IC Markets
VPS's: Amazon EC2 & Beeks.
Rebates: HFT Group

Online Tyler

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Re: Best Scalper
« Reply #671 on: January 12, 2018, 05:23:01 PM »
I also have the same setfile as Donna (2 charts EU and 2 charts GU) but I have 2 losing GU as atomico

Offline alaali

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Re: Best Scalper
« Reply #672 on: January 12, 2018, 05:30:10 PM »
BS uses limit orders. Entering the trade should not be a problem or even when the trades close at TP or SL. However, at the time of closing the trades by EA when it get out of trading time without reaching TP or SL it can be affected by your VPS location.

Today's sell order closed in negative on ICM after trading hours, but it reached TP on PS at trading hours. This depends on the broker's liquidity providers.


account of Donna is with AGGRESSIVE set? with double chart for both currency pair?

not sure to understand this particular...

on my account i have 2 negative SELL trade on GBP, because i am using AGGRESSIVE with 2 chart and 2 different start time (16-18 and 17-18)

my server is located in EU, ping is variable, sometime good sometime bad... from 70 to 90 ms
« Last Edit: January 12, 2018, 05:35:05 PM by alaali »

Offline reinerh

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Re: Best Scalper
« Reply #673 on: January 12, 2018, 06:02:41 PM »
BS uses limit orders. Entering the trade should not be a problem or even when the trades close at TP or SL. However, at the time of closing the trades by EA when it get out of trading time without reaching TP or SL it can be affected by your VPS location.

Today's sell order closed in negative on ICM after trading hours, but it reached TP on PS at trading hours. This depends on the broker's liquidity providers.


account of Donna is with AGGRESSIVE set? with double chart for both currency pair?

not sure to understand this particular...

on my account i have 2 negative SELL trade on GBP, because i am using AGGRESSIVE with 2 chart and 2 different start time (16-18 and 17-18)

my server is located in EU, ping is variable, sometime good sometime bad... from 70 to 90 ms

what broker is that ps ????

Offline nick3232

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Re: Best Scalper
« Reply #674 on: January 12, 2018, 06:40:47 PM »
BS uses limit orders. Entering the trade should not be a problem or even when the trades close at TP or SL. However, at the time of closing the trades by EA when it get out of trading time without reaching TP or SL it can be affected by your VPS location.

Today's sell order closed in negative on ICM after trading hours, but it reached TP on PS at trading hours. This depends on the broker's liquidity providers.



eccount of Donna is with AGGRESSIVE set? with double chart for both currency pair?

not sure to understand this particular...

on my account i have 2 negative SELL trade on GBP, because i am using AGGRESSIVE with 2 chart and 2 different start time (16-18 and 17-18)

my server is located in EU, ping is variable, sometime good sometime bad... from 70 to 90 ms

what broker is that ps ????

pepperstone
« Last Edit: January 12, 2018, 06:43:00 PM by nck »

 

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