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Thread: GBPJPY EA scalper

  1. #11
    Junior Member
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    Apr 2009
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    Hi all! I've been using this system for a while now and have found it to be very useful and accurate. In this past week, I doubled a 500 account with this system. Interesting thing is that I use it on several different pairs with success. Its true that it doesn't work well with trending pairs, but it works great with volatility. Using it on M1, I can jump in long or short and out again usually within a few minutes with a nice gain in pips. I use it in conjunction with Sto. and MACD which helps provide accuracy and timing. Excellent work all!

  2. #12
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    Nov 2008
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    how exactly are you using this system jynxx?
    is it possible to add stoch function into the EA so he is doing only scalps in the direction of the trend?

  3. #13

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    I've just started playing with this EA and dropped it on a M5 GBPJPY chart for a few hours, default settings, 0.1 lots.
    Already it made about $100 in 5 profitable trades over the space of 5 hours. 4 of those piled up on the same trade which completed itself within 30 minutes.

    Trading closed for the week and it has 6 open trades it opened on a continued upswing into the upper bollinger bands. Drawdown totals at about $120
    Am waiting for the swing down into the center band to bring in the profits.

    I am wondering what the stoploss system of the EA is. It is entirely possible that it may miss some trades. In any case, so far it looks as if this is a good EA to keep an eye on.

  4. #14

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    in my platform it does not show the results when ı backtest it ?

  5. #15
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    May 2009
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    It is entirely possible that it may miss some trades,
    I played with EA and this one is very enjoy full.
    Each day of the month, every month of the year you

  6. #16

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    i've just done a back test for this EA. Its not impressive. Can someone send me their settings for a 5 digit broker please?

  7. #17

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    i have tested this ea for the period of aprill and it in a loss
    can u send us your setting please

  8. #18

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    i have tested this ea for the period of aprill and it in a loss
    can u send us your setting please

  9. #19

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    The problem with the EA is that it opens a trade on the bollinger band as soon as a volatile trend gets underway. A trend can get further and further into the bands, faking out coming back down while blowing the band out, while it does eventually swing back down to the centre line, that center line is now behind the point of trade entry, resulting in a loss.

    If it were possible to cull these bogus trades out, we're golden.

    Once the bands are already blown out after volatility is the best time to make the trades.

    UPDATE: Big drop in GBP/JPY did it again on the 5 minute time chart. It faked out coming back to the center line and ended up in a bunch of losses all the way down.
    Perhaps this EA works better on higher charts.
    Last edited by Neo-Rio; 05-11-2009 at 10:33.

  10. #20
    Junior Member
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    Apr 2009
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    It was a while since anyone reply to this thread. Is it still working system? is there a way to make this ea to open a positions from a line with deviation 3 or 4?
    Thank u.

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