The best MT4 EA system?

[mikey2246]

I'm trying to locate or have someone create a profitable EA auto trading system for my MT4 account. The EA needs to be for scalping the EURUSD on the M1 or M5 charts. Any ideas?

[Master Tang]

I'm trying to locate or have someone create a profitable EA auto trading system for my MT4 account. The EA needs to be for scalping the EURUSD on the M1 or M5 charts. Any ideas?

After reading your post, that's a loaded question that inspires several sarcastic answers.

Do you have a profitable M1 or M5 system that you currently trade manually?

If not, don't expect someone through the generosity of the internet, to not only create a profitable system for you, but code it, and give you the program.

That would be akin to going to Warren Buffet, and asking for a billion dollars, with the expectation that he would write you a check on the spot.

[ClarkFX]

Use your head... and seriously re-read the question you just posted... seriously?

Tang you replied seconds before I did..

[mikey2246]

I do have a profitable system that I follow on the H4 charts. If there is a profitable system out there that can work with M1 or M5 I may be looking to pay for it.

[Master Tang]

I do have a profitable system that I follow on the H4 charts. If there is a profitable system out there that can work with M1 or M5 I may be looking to pay for it.

If you have a profitable H4 system, trade it, or pay to get it coded.

Chasing a M1 or M5 scalper bot places you in 95% of the forex world


EDIT: BTW, I do read your other thread. You obviously have something working right. Stick to that, and if you must, open another tiny account and play the M1 M5 stuff as a hobby on tiny lots.

[Master Tang]

One of my EAs, E/U, 5 minute chart, Jan1, 2012 - May 1, 2012:

Looks great huh? Don't believe everything you see. These things aren't "hands off" as advertised in most cases.

There are things out there that work, just not always as well they are advertized.

[ClarkFX]

One of my EAs, E/U, 5 minute chart, Jan1, 2012 - May 1, 2012:

Looks great huh? Don't believe everything you see. These things aren't "hands off" as advertised in most cases.

There are things out there that work, just not always as well they are advertized.

That profit factor is absurd. This is scalping?

Edit: Personal experience tells me when PF >=3, I need to start looking at the system closer... And goodness, 6:1+ reward to risk, this is not something you see in a scalping system. 147 total trades.. hm.. how many inputs do you have if you don't mind me asking? 2+?

[Master Tang]

That profit factor is absurd. This is scalping?

Edit: Personal experience tells me when PF >=3, I need to start looking at the system closer... And goodness, 6:1+ reward to risk, this is not something you see in a scalping system. 147 total trades.. hm.. how many inputs do you have if you don't mind me asking? 2+?

Nope, not a scalper. 30 trades a month on average negates that It doesn't look for a T/P level. Price puts it in the market, and price takes it out.

It has a very tightly defined set of entry rules. But it only takes 4 lines of code to define them... Imagine that The EA itself is about 400 lines of code, but that includes all the functions. Which include error accounting, trailing stop, pending order cancellation, and a couple other functions like trade limiters, so it doesn't go AWOL and open a zillion trades.

Inputs are limited. There's a basic T/P level, a "holy hell what went wrong" stop level, a b/e level (sat to 2 pips), and two other parameters based on price levels. But no Fibs or that sort of level identifier.

It employs a trailing stop, and that trail is the t/p once it moves past B/E.

Best part is, there's not a MA, RSI, Stoch, Boll, or anything else of that ilk in sight. It's all about price.

[ClarkFX]

Nope, not a scalper. 30 trades a month on average negates that It doesn't look for a T/P level. Price puts it in the market, and price takes it out.

It has a very tightly defined set of entry rules. But it only takes 4 lines of code to define them... Imagine that The EA itself is about 400 lines of code, but that includes all the functions. Which include error accounting, trailing stop, pending order cancellation, and a couple other functions like trade limiters, so it doesn't go AWOL and open a zillion trades.

Inputs are limited. There's a basic T/P level, a "holy hell what went wrong" stop level, a b/e level (sat to 2 pips), and two other parameters based on price levels. But no Fibs or that sort of level identifier.

It employs a trailing stop, and that trail is the t/p once it moves past B/E.

Best part is, there's not a MA, RSI, Stoch, Boll, or anything else of that ilk in sight. It's all about price.

Yeah I was actually in a little doubt that this was a "scalping" system, considering it only took ~150 trades in 5 months. Must be looking for some exact setups. With the large range between your average win and largest win, you can tell the TP is dynamic. :P

Well done Tang!

So you're pretty much all automated now eh? Curious as to how many algos and total instances you're running at once?

Clark

[Master Tang]

Scalper curves look different:

This one actually uses a dreaded MA. Just one