fabiomesmu Posted November 27, 2009 Report Share Posted November 27, 2009 [email protected]/6bff64e3 Asia Session: Please change the code to work on ECN! Thanks :P Quote Link to comment Share on other sites More sharing options...
fabiomesmu Posted November 30, 2009 Author Report Share Posted November 30, 2009 Re: The Channel Scalper EA EA Correct: http://sharebee.com/81f19f58 Enjoy :P Quote Link to comment Share on other sites More sharing options...
HunFxTrader Posted December 1, 2009 Report Share Posted December 1, 2009 Re: The Channel Scalper EA I have corrected the ECN support for this EA. In this version you can change the ECN function true or false, so you can use it with non ECN broker and ECN broker as well. Enjoy! http://[email protected]/file/163650029/614a1102/channel-scalper-101_ecnsupport.html forexi 1 Quote Link to comment Share on other sites More sharing options...
saendee Posted December 1, 2009 Report Share Posted December 1, 2009 Re: The Channel Scalper EA :shand: time frame for EA Please :P Quote Link to comment Share on other sites More sharing options...
HunFxTrader Posted December 1, 2009 Report Share Posted December 1, 2009 Re: The Channel Scalper EA It trades well on EURGBP, timeframe M5 or M15. Quote Link to comment Share on other sites More sharing options...
HunFxTrader Posted December 1, 2009 Report Share Posted December 1, 2009 Re: The Channel Scalper EA The 10 Years BackTest is very promising: http://www.tradingsystemforex.com/attachments/expert-advisors-backtesting/13463d1255522245-channel-scalper-strategytester-channel-scalper-1.0-eg-m5-since-1999.gif Quote Link to comment Share on other sites More sharing options...
chetachukwu Posted December 1, 2009 Report Share Posted December 1, 2009 Re: The Channel Scalper EA We can post our results to see hw the ea is performing. Quote Link to comment Share on other sites More sharing options...
crushbeat Posted December 2, 2009 Report Share Posted December 2, 2009 Re: The Channel Scalper EA hello, any settings for this ea? thanks Quote Link to comment Share on other sites More sharing options...
Rio Posted December 2, 2009 Report Share Posted December 2, 2009 Re: The Channel Scalper EA Thanks for the ECN fix Huntrader. I am surprised that after the pile of EAs that funyoo has written that he could simply forget about this, as well as including some code to get the GMT offset correct. I mean to say, the bulk of his EAs are profitable... so why can't he get these other bits correct? The only settings to be aware of is the gmtshift input (match to the GMT offset of your broker) Also, the max spread setting should be as low as possible (max of 3), so finding a suitable broker is key here. I am using an ECN broker. Anyway, I am running it live on an ECN broker. Some good scalps so far on the EURUSD and EURGBP on the M5. I'm inclined to believe that this one would probably scalp on any pair you throw at it. My only reservations with this EA are the huge stoplosses. Reminds me of EuroBlaster :( I wonder if the stoploss really has to be that big, and where in backtesting has that SL been tested? If anything, that's the only thing stopping me from running this thing like a madman on all the majors and some of the exotics. Quote Link to comment Share on other sites More sharing options...
woooot Posted December 2, 2009 Report Share Posted December 2, 2009 Re: The Channel Scalper EA hello .. seems very promising... many thanks to share, my broker is gmt +1, how to set the hours?, pls advise regards Quote Link to comment Share on other sites More sharing options...
HunFxTrader Posted December 2, 2009 Report Share Posted December 2, 2009 Re: The Channel Scalper EA At the Expert Advisors / Properties / Input tab in the Time Filter section you should change the "gmtshift" parameter to 1. That's all you need. Quote Link to comment Share on other sites More sharing options...
woooot Posted December 2, 2009 Report Share Posted December 2, 2009 Re: The Channel Scalper EA At the Expert Advisors / Properties / Input tab in the Time Filter section you should change the "gmtshift" parameter to 1. That's all you need. ahhh Thanks Hun, so not need change the below set hours, correct? Quote Link to comment Share on other sites More sharing options...
Rio Posted December 2, 2009 Report Share Posted December 2, 2009 Re: The Channel Scalper EA This EA is certainly amazing, and the profit potential is incredible. :-bd I let it run overnight on my live account, and the EURUSD M5 has happily produced a lot of pips. I'm also a little less worried about the huge stoploss. I think it is mainly there to ensure that there is a stoploss incase the terminal loses its connection. The EA knows when to pull out of a trade when the trade stops playing along with the trade rationale. I have a 6 pip losing trade amongst a bunch of winners =D> If THAT'S the case, then I see no reason not to run this EA on a bunch of pairs after a bit more testing. I'm only had some trouble with optimized lots. My ECN broker doesn't allow microlots, so I set the min lot to 0.1 and set the lot optimization to true and that fixed the problem. :)>- Quote Link to comment Share on other sites More sharing options...
mak2009 Posted December 2, 2009 Report Share Posted December 2, 2009 Re: The Channel Scalper EA I run some backtest for EG from september till now, the results was not impressive, maybe with 2 or 3 pip spread it has more potential. Quote Link to comment Share on other sites More sharing options...
Rio Posted December 3, 2009 Report Share Posted December 3, 2009 Re: The Channel Scalper EA I run some backtest for EG from september till now, the results was not impressive, maybe with 2 or 3 pip spread it has more potential. That's what I'm saying. It works best with a max spread of 3, and a broker who can give you that... namely an ECN broker. Currently I have an EURUSD trade that's gone crazy and is using up the huge SL space, the take profit has been shifted back in order to try and close it out. Quote Link to comment Share on other sites More sharing options...
woooot Posted December 3, 2009 Report Share Posted December 3, 2009 Re: The Channel Scalper EA not opening trade today on eurgbp, well maybe tommorow.... :?: :hammer: hi rio could u tell me what u set on eurusd? pls tx Quote Link to comment Share on other sites More sharing options...
Forexpro1713006044 Posted December 3, 2009 Report Share Posted December 3, 2009 Re: The Channel Scalper EA This EA is certainly amazing, and the profit potential is incredible. :-bd I let it run overnight on my live account, and the EURUSD M5 has happily produced a lot of pips. I'm also a little less worried about the huge stoploss. I think it is mainly there to ensure that there is a stoploss incase the terminal loses its connection. The EA knows when to pull out of a trade when the trade stops playing along with the trade rationale. I have a 6 pip losing trade amongst a bunch of winners =D> If THAT'S the case, then I see no reason not to run this EA on a bunch of pairs after a bit more testing. I'm only had some trouble with optimized lots. My ECN broker doesn't allow microlots, so I set the min lot to 0.1 and set the lot optimization to true and that fixed the problem. :)>- Hi Rio, How many trades per bar do you use ? This parameter is quite dangerous. I ran today a demo on EURGBP M5 with 10 trades per bar, and within 30 minutes I had around 50 open trades. :-ss Maybe you can share the settings you have found to match best ? :-bd Thanks Quote Link to comment Share on other sites More sharing options...
Rio Posted December 3, 2009 Report Share Posted December 3, 2009 Re: The Channel Scalper EA I have the max trades set to 1, and I am only playing with a small amount of money. I'm not sure what tradesperbar does, because so far only one trade runs at a time. I would not want more than one trade at a time with this EA. I think that running on other pairs will require optimization. I had a $45 blowout when that pair nearly came close to hitting the large stoploss. Fortunately it had pipped like mad before that hiccup and the loss only stripped me of half the profits I made until then by running both EURGBP and EURUSD. To be fair I was a bit hasty about running this on the EURUSD before properly backtesting it, so it's my own fault. I'm still up only after a few days of running this beast. If we can all pool together to get optimized settings across the 5 majors we could all be in for a wild ride. Quote Link to comment Share on other sites More sharing options...
saendee Posted December 3, 2009 Report Share Posted December 3, 2009 Re: The Channel Scalper EA Hi Rio am looking at trading EU GU JU AUDUSD SL = 25 if about trading hour 22 all pairs are in profit disable all EA's this morning only had time to put EU on chart + $42 profit only a thought to manually monitor this as I am gmt +8 8-) Quote Link to comment Share on other sites More sharing options...
Rio Posted December 3, 2009 Report Share Posted December 3, 2009 Re: The Channel Scalper EA I'm going to optimize some of the parameters I think. It should be possible to run 5 pairs at a time -- but as was noted before, the EURGBP pair goes well until mid 2009 where it gets a bit stuck. Also, some of the other pairs simply lose money in the latter half of this year. I'm have a look into the martingale settings a bit and tweak around. This thing can turn $1000 into a mill within a year on EURGBP alone with money management. Just ensuring that there are fewer wipeouts along the way with multiple pairs is the key and holy grail. We may all have to optimize the EA over this year's data Quote Link to comment Share on other sites More sharing options...
saendee Posted December 3, 2009 Report Share Posted December 3, 2009 Re: The Channel Scalper EA I have the max trades set to 1, and I am only playing with a small amount of money. I'm not sure what tradesperbar does, because so far only one trade runs at a time. I would not want more than one trade at a time with this EA. I think that running on other pairs will require optimization. I had a $45 blowout when that pair nearly came close to hitting the large stoploss. Fortunately it had pipped like mad before that hiccup and the loss only stripped me of half the profits I made until then by running both EURGBP and EURUSD. To be fair I was a bit hasty about running this on the EURUSD before properly backtesting it, so it's my own fault. I'm still up only after a few days of running this beast. If we can all pool together to get optimized settings across the 5 majors we could all be in for a wild ride. Rio tradesperbar is how many trades the EA is allowed to open per TF5 or 15 hope U can do some nice fine tuning with settings enjoy \m/ Quote Link to comment Share on other sites More sharing options...
Rio Posted December 3, 2009 Report Share Posted December 3, 2009 Re: The Channel Scalper EA I think of it this way... With at least 4 pairs running, with a lucky run of four months, you could turn $1000 into a million. This is as opposed to having one pair run (the EURGBP) and wait 12 months. Now, consider that, even if things go a little worse than usual, you will easily clear your inital startup funds of $1000 within the first month alone, or the first few weeks. To me, this is a real no-brainer. Even if your account crashes horribly before you hit your first million, you would have cleared your startup cost likely long before that occurred, and you have still madly profitted anyway in the meantime. The only downside to this? The backtests over the past two years with this EA. The only reason I'm a bit cautious is because of the current market situation. Had we started this EA in 2000 (a nice thought) that year would have seen us through nicely to $1 million. Still, the market may correct itself eventually, and all we need is a 4 month streak! Again... even if it fails, you will most likely get your startup money back and be able to try again for the next 4 months until the market corrects itself and we see another year like 1999! To me that sounds better than euroblaster, and safer as well. Quote Link to comment Share on other sites More sharing options...
saendee Posted December 3, 2009 Report Share Posted December 3, 2009 Re: The Channel Scalper EA =D> Rio well chosen words IF 1 can be in green pips BIG or small at the end of 1 month then the next month etc etc etc ;)) Quote Link to comment Share on other sites More sharing options...
Rio Posted December 3, 2009 Report Share Posted December 3, 2009 Re: The Channel Scalper EA For sure...."IF" is the operative word! In any case, I will run EURGBP M5 only on live and try running the scalper on the EURUSD, USDCHF, GBPUSD, EURCHF and EURGBP at the same time on demo. I will also set the trading hours for the USD pairs to trade from 17 till 0... that way we avoid any early asian session spikes affecting the USD from JPY flows out of Japan. EURGBP and EURCHF can continue on as normal untilt he European session. Starting with $800, let's see how long it takes to get my demo money back :geek: Quote Link to comment Share on other sites More sharing options...
woooot Posted December 3, 2009 Report Share Posted December 3, 2009 Re: The Channel Scalper EA I have corrected the ECN support for this EA. In this version you can change the ECN function true or false, so you can use it with non ECN broker and ECN broker as well. Enjoy! http://[email protected]/file/163650029/614a1102/channel-scalper-101_ecnsupport.html when I set to ecn false and I put on 4 digit brokerage, it won't trade, any wrong with ? thanks in advance regards Quote Link to comment Share on other sites More sharing options...
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