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Thread: Powerful 1 Min Scalping System EA

  1. #1
    Administrator funyoo's Avatar
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    Default Powerful 1 Min Scalping System EA



    This expert advisor is based on the "Powerful 1 Min Scalping System" (final template in the first post) presented by Canadian Dude on ForexFactory.

    It strictly follows the rules of this system.

    Note that I have added a second Heiken Ashi to have the "M5 trend filter".

    The DoublecciWoody and Heiken_Ashi_Smoothed have to be put in the indicators folder. You don't need the SpudFibo, it has been integraded into the code of the EA.

    You have to modify the Time Filter settings depending on the location of your broker. The StartHour is supposed to be 3AM and the EndHour : 11AM, both east time.

    For people which have a Time Range that includes 0 (midnight), there is the "Powerful 1 Min Scalping System EA 0" version.
    Attached Files Attached Files

  2. #2
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    Default 2nd HA Indy

    Hi funyoo,
    Like the EA and am closely following original CD concept.
    Your EA has 2 HA's...one for 1min and one for 5min, how do you show the 5min HA on the 1min chart?
    2ndly the time factor, if i want to use it 24/7 can I use the "O" ea with time start "0" and end "24"?
    I think the 5min HA to help prevent an early trade exit.
    Thanks

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    Default Please explain settings

    Hi Funyoo

    Good site!

    I have loaded the EA but have had to guess what some of the settings should be. Would it be possible for you to create a description doc. which describes the purpose of the inputs and, generally, how the EA is supposed to function.

    Many thanks

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    Quote Originally Posted by AlanJ View Post
    Hi Funyoo

    Good site!

    I have loaded the EA but have had to guess what some of the settings should be. Would it be possible for you to create a description doc. which describes the purpose of the inputs and, generally, how the EA is supposed to function.

    Many thanks
    Hi,
    Thank you Funyoo, very good job.

    Alan, you can find all descript in the forex factory forum.
    Powerful 1 Min Scalping System (Fx Prime) you can find a chat support...

  5. #5
    Administrator funyoo's Avatar
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    Default

    Quote Originally Posted by johngh View Post
    Hi funyoo,
    Like the EA and am closely following original CD concept.
    Your EA has 2 HA's...one for 1min and one for 5min, how do you show the 5min HA on the 1min chart?
    Here is the template with the second HA (5 min HA). This is a HA with a period of 30 (5x6).

    Quote Originally Posted by johngh View Post
    2ndly the time factor, if i want to use it 24/7 can I use the "O" ea with time start "0" and end "24"?
    I have also attached the expert advisor without the time filter.

    Quote Originally Posted by johngh View Post
    I think the 5min HA to help prevent an early trade exit.
    Thanks
    Nice idea, I have added a confirmation of the 5 min HA for the exit to this new version.

    There is also a version for higher timeframes with fibo levels drawn on a weekly basis instead of daily.

  6. #6
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    Thanks Straasha

    I am already actively trading the system manually and logged into the chat site, so I'm getting to be quite familiar with the system.

    What I am looking for is a description of how Funyoo's EA works and what is required for the "inputs" to the EA, i.e., what does RealSL_Enabled mean? - and all the others. How does "Reverse Positions" work? How does "Add Positions" work?

    I have had the EA running for a few hours now and quite a number of trades have occurred - however, none of them resemble the rules of the system! Furthermore, the trades are losing badly! The trades seem to be triggered far too late - like several bars too late.

    I would like to work with Funyoo to get this EA operating properly so need to know the logic behind the EA. The only way I can help is to know how the EA is designed to perform.

    Thanks

    Alan

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    Administrator funyoo's Avatar
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    Default

    Quote Originally Posted by AlanJ View Post
    What I am looking for is a description of how Funyoo's EA works and what is required for the "inputs" to the EA, i.e.
    According to the system, you have not to modify the default settings of the EA.

    Quote Originally Posted by AlanJ View Post
    what does RealSL_Enabled mean? - and all the others.
    Open the code with MetaEdito, it is explained.

    Quote Originally Posted by AlanJ View Post
    How does "Reverse Positions" work?
    If you put reverse = true, instead of buy on the conditions of the system, it will sell. Instead of sell, it will buy.

    Quote Originally Posted by AlanJ View Post
    How does "Add Positions" work?
    If Add Positions is set on true, then each time that the conditions are matched, the EA will enter an order even if there is already an order of the same kind (long/short).

    Quote Originally Posted by AlanJ View Post
    I have had the EA running for a few hours now and quite a number of trades have occurred - however, none of them resemble the rules of the system! Furthermore, the trades are losing badly! The trades seem to be triggered far too late - like several bars too late.
    I have tried it, and it works fine with the "final template" combined to the "5 min HA". The "5 min HA" (a HA with a period of 30) represents the 5 min trend that is used to filter the orders.

    You have to note that in the system, the first thing that you see is the color change of the 1 min HA then other indicators. In the EA, this is the sudfibo that was a resistance/support and that becomes a support/resistance, then we see the other indicators, it is almost the same. I could do exactly as the system with first the color change of the HA but then there will be a lot of conditions to add in the code for the spudfibo, it would take too many time for a similar result.

    If you think that the rules are different, don't hesitate to say in what :

    - Trade between 3am east time till 11am east time,
    - S/L 10 pips

    Long Trade
    Heiken Ashi changes colour (red > blue)
    Fibo line becomes support
    CCI 170 Over the 0 Line must be the first to cross
    CCI 34 Over 0 line
    RSI over 55
    Exit : Heiken Ashi turns red

    Short Trade
    Heiken Ashi changes colour (blue) > red)
    Fibo line becomes resistance
    CCI 170 under 0 line must be the first to cross
    CCI 34 under 0 line
    RSI under 45
    Exit : Heiken Ashi turns blue

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    strange - backtest did big loss with default settings - when I take bigger SL it is better, but not much

    Are you trading this method manually with success AlanJ?

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    Quote Originally Posted by treuzelen View Post
    strange - backtest did big loss with default settings - when I take bigger SL it is better, but not much

    Are you trading this method manually with success AlanJ?
    Show the comments on the original post, and see the excellents results

  10. #10
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    Default EA

    funyoo -

    Excellent EA and thanks for sharing. I had been writing my own FX Prime EA and dropped it after seeing yours because you have done an excellent job.

    I need to learn how to use it to avoid reentries because it seems many of my forward-testing losses are subsequent re-entries when the trend is getting weak. I think one entry per trend-cycle would help reduce some of the churn.

    Mark.

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