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Smart Scalper 1.1


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HKD has also depreciated against RMB over the years since the take over in 1997. :-(

 

the way all central banks are printing money all monetary values will go down = inflation big time.

 

gold will keep going north for a long time to come....

 

closed my go account today, but i will find a way to reopen for sure.

Edited by reinerh
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Hello

 

Is here somebody who is trading Smart Scalper LIVE? Which broker and what is recomended capital for 0.01 lots trading?

 

Thank you very much!

 

This is not a recommendation. I sharing what I'm doing now.

I'm trading it on my real money accounts with Alpari UK and Go Markets. For every capital of 1000, my lot size for Smart Scalper is 5 micro lot.

Trading is about risk management. You need to find out the amount of loss you can afford to lose when the trades turn bad.

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This is not a recommendation. I sharing what I'm doing now.

I'm trading it on my real money accounts with Alpari UK and Go Markets. For every capital of 1000, my lot size for Smart Scalper is 5 micro lot.

Trading is about risk management. You need to find out the amount of loss you can afford to lose when the trades turn bad.

 

Jason, are you trading this on a Go Markets Lplate account? Also, just to clarify, for each $1000 you are trading .05 right?

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Jason, are you trading this on a Go Markets Lplate account? Also, just to clarify, for each $1000 you are trading .05 right?

 

I'm using the modified version that I've posted earlier and set 0.05 lot for every capital of 1000. The worst scenario will be losing 0.05 + 0.05 + 0.15 when the EA decide to open 3 times the lot size. I'm not using the L-Plate but the Standard account with Go Markets.

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Just to share my findings.

 

As mentioned in my earlier post, I'm using Smart Scalper on both Alpari UK and Go Markets real money account.

 

After one month of forward testing, I found that on Go Markets it has the tendency to open the 3x trades and close with small losses. Whereas on Alpari UK, it has not open any trade with 3x and all single trade with win.

 

I have removed the Smart Scalper on Go Markets and just use it on Alpari UK account.

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Hi JasonKwok

 

Thank you for your last post. I´m testing Smart Scalper on Alpari UK Live too. Only about one week and with 100 dollars and on 0.01 now I´m 110 but I thing this is too much risky and for 0.01 will be capital 500dolars better. What do you think?

 

Kudos to you :)

 

You must consider the case where it opens 1x, 1x and 3x and it the worst scenario, all ended as loss. You are placing 0.01 for every 100 of capital is very risky. I would go for 0.01 for 1000 of capital.

I'm still

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yesterday was a LOSS with 3 orders on Alpari live

removed martingale system

 

that's weird. Yesterday, I had three consecutive wins on my Alpari UK real money account. Each trade was opened with 1x lot and did not have the 3x lot martingale.

 

Are you using Alpari UK or US?

 

26237902 2010.10.20 11:29 buy 0.05 eurusd 1.38228 1.36728 0 2010.10.20 11:46 1.38328 0 0 0 5 2119090

26243351 2010.10.20 15:54 buy 0.05 eurusd 1.38932 1.37432 0 2010.10.20 15:57 1.39039 0 0 0 5.35 2119090

26245822 2010.10.20 17:03 buy 0.05 eurusd 1.39742 1.38242 0 2010.10.20 17:27 1.39847 0 0 0 5.25 2119090

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Alpari RU - 3 martingale orders closed with big loss on 19 October

that's it and remember results can differ from smart-scalper.com

 

results can differ from different brokers. Note that Alpari UK Micro and Classic account has different spread from Alpari UK Demo account. Their demo account is using Alpari UK Pro spread.

 

Since yesterday, on my Alpari UK Micro real money account I have 4 trades open by Smart Scalper with 3 wins and 1 loss.

 

26267595 2010.10.21 12:00 buy 0.05 eurusd 1.40036 1.38822 0 2010.10.21 12:31 1.40226 0 0 0 9.5 2119080

26266243 2010.10.21 10:47 buy 0.05 eurusd 1.40322 1.38822 0 2010.10.21 12:31 1.40226 0 0 0 -4.8 2119090

26277743 2010.10.21 21:02 sell 0.05 eurusd 1.39328 1.40828 0 2010.10.21 21:05 1.39227 0 0 0 5.05 2119090

26284635 2010.10.22 03:07 sell 0.05 eurusd 1.39052 1.40552 0 2010.10.22 04:13 1.38946 0 0 0 5.3 2119090

 

Update: Why do you use Alpari RU when the developer recommended Alpari UK? On MyFXBook link that I've posted earlier, they also discovered that Smart Scalper performed differently on Alpari US account.

Please note that I'm not recommending you to use this EA as I have nothing to gain from you using it. I'm not the seller or have a share of the sale. My intention is to share and hope everyone could earn some Pips from the Forex Market.

 

To the developer of Smart Scalper, if you are following this thread. I will pay for your EA once the profit from this EA is double the price of the EA.

Edited by JasonKwok
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Hi Guys,

 

Could you please share your settings of Smart Scalper.

 

I use Alpari UK, but tomorrow morning the robot was in big minus with 2 opened positions, and these were closed in very small positive.

 

What is your SL settings?

 

Thank you.

 

Here is the settings that I've used. Note that I'm using the EA files that I've posted. Though there was some errors reported on one of the indicator, Turbo Trend, I still using it. My concern is that the corrected version of that indicator might affect the trade signal.

 

Max_Spread=2.50000000

GMT_Offset=2.00000000

MinLots=0.01000000

MaxLot=1.00000000

LotDigits=2

MoneyManagement=0

MarginRisk=10.00000000

Lots=0.05000000

TP=10

SL=150

HideSL=0

Loss_Protection=0

Max_Loss=500.00000000

Daily_Profit_Limit=0

Total_Daily_Profit=500.00000000

Time_Opened_Protection=1

Time_Protection_Minuts=120

Friday_Trading=1

First_Position_Magic_Number=2119090

Second_Position_Magic_Number=2119080

Third_Position_Magic_Number=2119070

Second_Position_Distance=30

Third_Position_Distance=80

EA_Comment=Smart Scalper V1.2

 

Copy the above setting into a text file and save the text file with .set extension to be loaded into the EA. The set file should be save into expert\preset folder of your MT4 install.

Edited by JasonKwok
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My concern is that the corrected version of that indicator might affect the trade signal.

I traded with corrected version of indicator

Why you have version EA_Comment=Smart Scalper V1.2 ?

I have used Smart Scalper V1.1.3 which was posted here early

Did I use old version?

Give me the link for you version Scalper V1.2

Edited by videoman
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I traded with corrected version of indicator

 

Thanks for letting us know.

Please use the original indicator. Though there are error messages appearing on the Expert log for Turbo Trend indicator, it's alright. I have not idea how the "corrected" version has been modified and the impact on trade signals. I always prefer to use the original version provided by the developer. ;-)

Please test on demo before using real money account.

Edited by JasonKwok
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