Premji 30 pip scalper

Ive been using this EA for 6 Days now and ive made 115pips. I did have to do manual stops for most trades

I’m very happy to hear that.I have the time but not the expertise

how do i get key?

don’t need it.At the first page you will find a zip file that is named all indicators.I extracted that file and then attached version 8 to my chart.It said that i’m am registred.

I’m not a techie so i do not understand it but it seems we no longer need the key.I know it works cause it already opened a trade for today.

ehm… there is allready v1.5 of the ea. for the actual version you will need a key. but the key is for free. it would be the best to read the whole thread to know whats going on :wink:
hope i could help :slight_smile:

I for one am looking forward to the updates to this EA with the stop loss and tighter TP. Still looks very promising, at least it’s taking trades in the right direction. Right now in the middle of an ongoing check of the indicators for accuracy - so far pretty good especially when following the larger trend.
sorry to see Mori banned - I highly disagree with it as well, :confused: but then we’re not the operators or moderators…

O i see now that i do not have version 8 but 0.8.Will send an e-mail to clear this up

Hello All, the new EA with tight SL and some other key additions will be ready within 3-5 days. The new EA is truly the 30 pip scalper.

thanks

Excellent news

Well, that -44 pip loss was swallowed by a +67 gain which was triggered when the EA opened a buy @ 16:45 GMT. This was closed manually - I probably would have closed it sooner had I not been so busy at work, but I’m sure glad I didn’t!

Thats great new guys, the new EA have a trailing stop and also uses ATR to disqualify flat periods in the day when new trades should not be entered. Also the SL is exactly at the previous ZZI dot so its much tighter SL and uses the trailing SL to maximize profits

this one looks good guys.

thanks

@ Blizard…

Thanks for the update.
We hope to start testing this new stuff by next Monday.

N-B - Sometime in the future,I do hope you will include Audio alert when it takes a new trade.

Cheers.

Thanks for the update Blizard. Can’t wait to see how the EA will work with a Trailing Stop and also I believe the 30 pips profit is mush more realistic to grab as the take profit point :D.

Blizard,
The instructions say that we need to change the “USMarketClose” to 23:59. Will the EA still work live if i change it to 20:00? I dont want to trade between 20:00 and 23:59. :confused:

Understood guys, the new version will be taking many more small profits and keeping the SL to the most minimum. Some new features include a “previous day” filter which has increased the performance dramatically. Here is the logic:

Allow BUY when:

  • previous day is UP
  • OR previous day is DOWN and current price > close previous day

Allow SELL when:

  • previous day is DOWN
  • OR previous day is UP and current price < close previous day.

along with the trailing SL and we have also added a ATR trailing stop aswell that we will be testing. All of these features and a few more will make this a more consistent EA. Instead of waiting a month to see the trades work out to be profitable, we will be able to see consistent profits weekly or even daily as the number of trades will almost double if not triple.

thanks

Yes, I hope we can have it together by Monday, it will be an auto installer so, it will install the indicators and DLL an EA automatically to make sure you guys all have the latest files and there is no confusion for newer users, also the EA will automatically pull the new optimized .set file values from the server every 24 hours so no restart of the EA will be needed every few days or so to ensure you have the most recently optimized version. We are getting very close to a great EA and I wanted to thank you for your suggestions and continued support.

thanks

thank you for the great news! it sounds very interesting and i`m looking forward to the new version of your ea =)

That sounds great! I’ll continue to post my results when I get the chance…

All,

The orginal 30 pip scalper was an excellent trade picker but the trades took a little bit of time to develop which often resulted in many small losses. At that time Mori and Blizzard discovered that if we actually back the stop off and use fractals as the TS that the number of quick small losers dissappeared and we were actually able to let profitable trades run a bit.

Later a BE function was added as when we let the trades run, a trade might run +10, -15, +30, -20, +60 before closing out. As a scalper, I was too emotionally drained watching my trades see saw in and out of the money. The BE function helped to lock us in with a few pips once the trade went our direction.

Now there has been much testing with different filters methods for timing of the entry of the trade and the exit. Every version of the bot has been an excellent trade picker, but trying to find the best way to exit has been difficult. I know everyone wants the perfect bot, but there is no such thing that I have ever seen. (please correct me if there is one out there, without advertising of course) I have trouble pulling the trigger on starting trades but have no problem protecting and taking profits which keeps me on the plus side. I take my profits when I see weaknes and move to the sidelines for the next trade. This bot takes my fear away of placing the trade. It gets me in, then I manage it. Like I’ve said many times, you wouldn’t trust a stranger with your money, why would you completely trust a bot. Doesn’t matter the bot, you should always be very familiar with what it is going to do and always looking over it’s shoulder to make sure it behaves.

Hello, the new EA will actually be available within 24-48 hours, therefore we will be disabling the old EA until the new EA is online as we have to update the server and .set data. If your EA is running then you should stop it until the new EA is available for download hopefully by tomorrow.

thanks

Hi Ejohn, i hope the next EA will make exiting the trades just as comfortable as the current is at entering trades. With much tighter SL and a trailing stop not far behind we feel that we are headed in the right direction.

thanks again for your input, its always welcome.

thanks