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Thread: (Request) Stochastic scalper

  1. #1

    Default (Request) Stochastic scalper

    Hi funyoo. If you have the time I'd appreciate you making an EA out of this system. Quite simple, shouldn't take long. ^_^

    I read a book recently about using two stochastics to scalp on EUR/GBP on the M1 chart.

    Its quite simple, looks like it has promise, but it needs a decent back-test to be certain it is profitable.

    Here it goes.

    There are two Stochastics.

    Stochastic 1 should have a KPeriod of 120.
    Stochastic 2 should have a KPeriod of 15.

    DPeriod and slowing for both Stochastics are default (both 3).

    Long rules:

    1) Stochastic 1 hits 85 or above. (This triggers the start of the trade. It doesnt matter where it moves on from here.)

    2) Stochastic 2 hits 40 or below. At this point the trade is triggered (Regardless of what Stochastic 1 is at.).

    3) Stoploss is set at 35pips.

    4) Take profit set at 50pips.

    5) Trade is closed when SL is hit, TP is hit (quite rarely), or when Stochastic 2 reaches 95. In either case, the trade is closed.


    Short rules:

    1) Stochastic 1 hits 10 or below. (This triggers the start of the trade. It doesnt matter where it moves on from here.)

    2) Stochastic 2 hits 70 or above. At this point the trade is triggered (Regardless of what Stochastic 1 is at.).

    3) Stoploss is set at 35pips.

    4) Take profit set at 50pips.

    5) Trade is closed when SL is hit, TP is hit (quite rarely), or when Stochastic 2 reaches 5. In either case, the trade is closed.


    Credit to Daniel Malaby. He came up with this system.


    Thank you funyoo

  2. #2
    Administrator funyoo's Avatar
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    Hi Agentrfr,

    Here is an EA.
    Attached Files Attached Files

  3. #3

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    Thanks mate. Very much appreciated.

  4. #4

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    Just want to add that Daniel states that with this system you must sell after a buy and vice versa, regardless if the previous is a winner or looser.

  5. #5

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    Hi,

    Can you post backtests results with set file please?

    Does this EA would required time filter to works better?

  6. #6

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    Quote Originally Posted by funyoo View Post
    Hi Agentrfr,

    Here is an EA.
    Hi mr. Funyoo, author daniel malaby wrote also this important rule that i think we need to add to strictly follow his strategy.
    thx

    IMPORTANT
    when looking for a next trade, we always look to trade in the opposite direction to the previous trade. if #1 was long trade # 2 will be a short, trade #3 will be a long, trade #4 will be a short and so on

  7. #7

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    Quote Originally Posted by funyoo View Post
    Hi Agentrfr,

    Here is an EA.
    Hi Mr. Funyoo,
    could u pls add to stoch scalper what i wrote on my previous post (this is author strategy ) bcoz in this way backtest not so profitable
    br

  8. #8

    Default request modify

    Hi mr. Funyoo, author daniel malaby wrote also this important rule that i think we need to add to strictly follow his strategy.
    thx

    IMPORTANT
    when looking for a next trade, we always look to trade in the opposite direction to the previous trade. if #1 was long trade # 2 will be a short, trade #3 will be a long, trade #4 will be a short and so on

  9. #9
    Administrator funyoo's Avatar
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    Quote Originally Posted by ninichingyi View Post
    Hi mr. Funyoo, author daniel malaby wrote also this important rule that i think we need to add to strictly follow his strategy.
    thx

    IMPORTANT
    when looking for a next trade, we always look to trade in the opposite direction to the previous trade. if #1 was long trade # 2 will be a short, trade #3 will be a long, trade #4 will be a short and so on
    Hi ninichingyi,

    Ok, changedirection option added.
    Attached Files Attached Files

  10. #10

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    Quote Originally Posted by funyoo View Post
    Hi ninichingyi,

    Ok, changedirection option added.
    thx a lot funyoo

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