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mcgene4xpro
 

Registered: May 2010
Posts: 741

 

05-23-11 03:56 AM

I am developing an EA that will:
1-generate 1-5% daily
2-DD% max 25%
3-trades 1000-2500 trades per day on only one instrument
4-profit trades % (70-85%)


Seems crazy but i have the prototype and i am fine tuning it now.

Very interesting process. However, if you know the best fx broker for such an EA please share.

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mwingo1135
 

Registered: Oct 2009
Posts: 266

 

06-06-11 11:50 PM

may I ask what chart time will you be using for this. This is beyond scalping this is comparable to nanosecond spread betting.

Maybe the 1 min chart with a robot can handle this maybe it can not.

It would be great to see how it turns out.

Not the way I trade but there are some major hedge funds that do quant nano second scalping so what you say is not crazy but they used multi million dollar advanced post doctorate mathematics. Almost theatrical mathematics and if Metatrader or even tradestation is at that level of programming ability at this time good luck who would push the industry forward.

Testing the boundaries is how we went from an Open Directory Project DMOZ to Google.com

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mcgene4xpro
 

Registered: May 2010
Posts: 741

 

06-07-11 01:14 PM


Quote from mwingo1135:

may I ask what chart time will you be using for this. This is beyond scalping this is comparable to nanosecond spread betting.

Maybe the 1 min chart with a robot can handle this maybe it can not.

It would be great to see how it turns out.

Not the way I trade but there are some major hedge funds that do quant nano second scalping so what you say is not crazy but they used multi million dollar advanced post doctorate mathematics. Almost theatrical mathematics and if Metatrader or even tradestation is at that level of programming ability at this time good luck who would push the industry forward.

Testing the boundaries is how we went from an Open Directory Project DMOZ to Google.com



The EA was tested on 1min chart. However, it is responding to quotes not to the chart pattern itself. It is my project EA that i know for sure if i try live or even demo, i will find huge changes. Taken into consideration, the execution inefficiencies , slippages , the crazy transactions costs of most MT4 brokers and ..... However, this project is just to show to me the potentiality of my trading system and as you said to test the boundaries. I believe as many believe, the barriers for retail trader are high. The EA , although its code is huge, still in its infancy. Fulll of bugs and even on backtesting, i noticed many things were not handled as expected.

The way to google, still very difficult and long for me till now. But i am optimistic.

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mwingo1135
 

Registered: Oct 2009
Posts: 266

 

06-07-11 03:27 PM

Ok keep us updated over the months even if it does or does not work.

Thanks

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Surfeur
 

Registered: Jan 2002
Posts: 67

 

06-07-11 04:36 PM

Hi mcgene4xpro,

You have a report or something ?

You have find your broker ? DMA ? ECN ?

Regards.
Ludo.

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mwingo1135
 

Registered: Oct 2009
Posts: 266

 

06-07-11 05:02 PM

@mcgene4xpro

I will continue to provide you guidance in this area because it would be cool to see if you could do this.

First Brokers

1. Go to http://www.100forexbrokers.com/fx/broker_search.php

In the section called trading conditions you would be looking for a MetaTrader broker that allows Scalping and that has FIXED spreads

I also would suggest that the broker be a (STP) Straight through proccessor as mentioned above Direct Market Access (DMA)

2. Attached is a spread indicator for MT4 you could play around with it and although you have a fixed spread broker you could set parameters that if the spreads get too wide the strategy does not make a trade

#wingos_spread.mq4
This has been downloaded 404 time(s).

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