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Thread: Level scalper v4

  1. #61
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    correct me if I am wrong, It is not normal EA designing to turn on all the time, If you know how to use it, It is great tool.

    I might be wrong, Whoever coding it is very smart.

    This EA need some tweak on grid and range for profit, It is a big helper for manual trading system.

    I guess that it designed for manual trader, When he see market with range and he know resistance and support level, He set his range ( size of fishnet) and he turn on this EA to lay moneylevel net for money, Just like fisher man to catch the fishes ( Money).

    That's why this EA has
    - Once you turn on this EA - it put all 5 sell limited orders and 5 buy limited orders
    - If you Turn this EA off and then On agiain, It will close all limited orders. ( You can see that it is designed for manual trader to catch money while market active)

    If you are coder, You might add ATR indicator Plus other indicator for direction to trigger it to put down fishernet for money while market is hot, It might be money printing machine.
    Last edited by Ricky101; 08-09-2009 at 02:54.

  2. #62

    Default

    Quote Originally Posted by Ricky101 View Post
    correct me if I am wrong, It is not normal EA designing to turn on all the time, If you know how to use it, It is great tool.

    I might be wrong, Whoever coding it is very smart.

    This EA need some tweak on grid and range for profit, It is a big helper for manual trading system.

    I guess that it designed for manual trader, When he see market with range and he know resistance and support level, He set his range ( size of fishnet) and he turn on this EA to lay moneylevel net for money, Just like fisher man to catch the fishes ( Money).

    That's why this EA has
    - Once you turn on this EA - it put all 5 sell limited orders and 5 buy limited orders
    - If you Turn this EA off and then On agiain, It will close all limited orders. ( You can see that it is designed for manual trader to catch money while market active)

    If you are coder, You might add ATR indicator Plus other indicator for direction to trigger it to put down fishernet for money while market is hot, It might be money printing machine.
    hm, can you try it few times and then post the statement? with all the realizations following...
    Last edited by Metatrader7; 08-09-2009 at 08:47.

  3. #63
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    I am not coder, I run this program couple times and it is not very stable. <do not use it for live trading>
    - it needs automatic 5 to 4 digits broker adjustment coding
    - It needs better coding to add more accurate Bid /ask caclulation to properly lay orders
    - It needs better orderplacing /confirmation coding routines
    - It should have live spread check coding, do not enter order while market spread is very high
    - You name it, More.....

    This EA is different than normal EA, It is Instant start, ONE shot program, It is better to run it in tester mode to see it

    you need to run it in "Strategy testermode " Tick "visual mode" to see it. in Timeframe 1 min or 5 min

    First --- test it with experts properties ( Nblevels = 1) 1 level of net

    Second -- test it with experts properties ( Nblevels = 2) 2 level of net

    Third -- test it with experts properties ( Nblevels = 5) 5 level of net

    Try different starting date, re-run test and You will see how it works with trend market and range market, and how it fails with under range market and lose big money.
    Last edited by Ricky101; 08-09-2009 at 22:32.

  4. #64
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    It dose only trade fore one day In backtesting with alpari uk

    please help =)

  5. #65

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    this is one of those crazy random number EAs,totally out of control. not worthy for live.
    this is just some experimental code
    this is my opinion of cause, based on tests i made
    ***

    In trading - having control over market situation is a #1 priority.
    ***
    No control - no trading business. With no control it turns into gambling.
    Better travel to Vegas, at least they serve free drinks and run a glamor show.

  6. #66
    Administrator funyoo's Avatar
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    Quote Originally Posted by jerryflurry View Post
    It dose only trade fore one day In backtesting with alpari uk

    please help =)
    Hi jerryflurry and welcome,

    You need to set ContinueTrading on true.

    Quote Originally Posted by Metatrader7 View Post
    this is one of those crazy random number EAs,totally out of control. not worthy for live.
    this is just some experimental code
    this is my opinion of cause, based on tests i made
    ***

    In trading - having control over market situation is a #1 priority.
    ***
    No control - no trading business. With no control it turns into gambling.
    Better travel to Vegas, at least they serve free drinks and run a glamor show.
    That's right, it is more a tool than a complete EA.

  7. #67

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    Quote Originally Posted by 4rexlady_de View Post
    Hi Guys,

    I have been running Level Scalper out of the box, except for the lotsize which I changed to 0.02 with 5000 Euros account, since May, 27th nohttp://www.tradingsystemforex.com/annoncements-warnings/2277-launch-elite-section.htmlw on demo and it made a very nice profit.

    It survived all moves in this time and the max. DD was about 700 Euros and 700 Euros in margin...not too bad on a 5000 Euro account.

    You can see the attachment - it is the statement until today.- sorry, canīt upload the file because it is too big...so I will send it by email request without a problem....balance is currently 5892 Euros...

    The only thing I find strange is, that it closes the pending orders if the Metatrader is restarted....then it finishes the open trades and starts new process with pending orders.

    Also, if you set "ContinueTrading=true" it keeps trading like crazy...

    So with the right MM I canīt see the danger so far....maybe time will prove me wrong ;-)

    And: why would it need any indicators? It works with price...it opens only 10 pending orders, 10 pips away from the current price and another 10 pips step for each order.
    Then later it starts adding pending orders and those will also grow in lotsize by the original lotsize ( so if you opened with 0.02...it will make 0.04, 0.08 and so forth ).....this way you can reach the DD, but you will end in profit.


    Greetings,

    4rexlady

    This page is the much interesting page for this nuts EA, fairylord quoted the 4rexlady's EA in this page for reader better references.

    Thanks for Admin, Metatrader7, 4rexlady, Ricky101 for giving more raw inputs and positive support response for this EA.


    I'm going to drive you, Level scalper v4...

  8. #68

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    Quote Originally Posted by funyoo View Post
    Another try :

    EU H1.

    Total Net Profit: 75.56%
    RDD : 0.62%

    The ea has made big money and then no more trades... !?
    very interesting Funyoo??? Any way you got it going again?

    r/
    thanks.

  9. #69
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    espert this is a problem when it restarts the metatrader close all pending orders.
    can someone fix this please?

    it is possible to let this run only the expert levels not stop and proft?
    Last edited by robsucesso; 04-08-2010 at 07:17.

  10. #70

    Default

    Thanks for this, will check it out.

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