Scalping is just a way of trading and there are lot more than one strategies, so I would like to believe that you have one. EA cannot be a strategy. Only if you have created a good working strategy than you can create an EA with your strategy parameters in it.
So, I am not sure if you really know what you are talking about.
My scalping strategy combine many methods:
one MA and SRI with S&R, order when trend clear at D1/H1/M5 TF and space enough and good momentum.
It work only following the rule, but emotion issue caused violate the rule.
I think out a solution to solve my emotion proplem:
I need a reviewer when I want to place any orders, my wife will be my reviewer and boss,
only she agree my order, then I place the order.
My EA is my other strategy, work well.
Eurgbp long +200pips more now, still running.
Maybe rayner’s strategy is fit for me: long term trend following.
Always pick most strongest or weakest pairs.
Check month, week, day TF, order at h4 bias.
big stoploss.
hi cledid,
i think knowledge is enough for me to make profit, my problem is discipline and emotion control.
each strategy, scalping,swing, position, trend following, all profit for me until i break discipline.
i create each ea to verify these strategy, all can make profit if you can obey discipline.
but human emotion control is different, hard for me to tfollow disciline always.
The good thing is that i am good at coding.
I use codes to verify every strategy, so i know it very much.
Hi Rokerij,
I quit trading from manual operation because my discipline and emotion control always break
my consistent profit, and turn to loss.
I try most of strategy scalping, swing, position, trend following, all can be profit if i obey discipline.
But my human behavior is not a consistent discipline.
we should respect market rule, trading is easy to learn, but discipline and emotion control is really hard.
I know my fault, so I quit manual trading.
but my EA is still running, I have put all strategy into EA, especially with Nikita’s strategy,
it work well.
Learning is a very necessary part in learning about forex trading and if you could spend sometime in the market then you can learn quickly, moreover you can also depend on forums and blogs to get you queries answered.
It is not easy to make millions out of forex starting with very little capital no matter how good you are with your discipline. There would be only few examples of such.
After i observe running result from my ea , it’ s perfect at execute
discipline, but it still has weak.
1). ea is designed to win at long term, so max dropdown maybe big
enough to blow out account.
2). position size can impact strategy success.
3). BE is two side sword
4). setup moment has some space to improve and filter
5). exit with max profit is a challenge
EA short nzdusd, BE now.
when to exit is best, really same difficulty as good setup.
anyway, good setup is half of success.
Continue to refine setup and exit point.