Ok, this is getting interesting. Have to see if this works on other pairs. Quite the expert - has more potential than I have seen in a while. Like anything else, one has to trade it correctly or get burnt. image

Yen Trader

redfan, you have the expert on the wrong chart. You have to load it on GJ to trade GJ.

Yen Trader

You are using a 1 pip stop? Try 10 pips (100).

Yen Trader

Yes, all 4H. Keep in mind that this approach still need some tweaking and will likely be safer and have better results after we set the max and min ATR levels.

Yen Trader

This is another concept for another day and I am talking out loud here, but to really scalp with this, it might work well where the SL/TP are based on the spread at entry (e.g., spread is 3, and SL and TP are thus 6 or something like that), the ...

Yen Trader

Same test with fixed lot size. image

Yen Trader

I am focused on higher TF for now and am just testing the basic features. Here is the core system over four years compounding just using the ATR based SL and TP. There is a window here that would have been difficult to trade (on 3%). Back to ...

Yen Trader

Keep in mind, on M1 if you are shooting for 5000 TP, then the EA is still looking for relatively big moves and performance will vary accordingly. It will be very interesting to see how the EA works truly scalping on M1 with smaller targets (a few ...

Yen Trader

ahh, that explains it. Thanks Khalil, back to more testing.

Yen Trader

Agreed.

Yen Trader

image

Yen Trader

On this input, can we used a fixed minimum and fixed maximum for the ATR - I think that would address my concern. For example, the current ATR for GJ is skewed too high because of the brexit move. If we base trades off that ATR, then the SL and TP ...

Yen Trader

Yes, it seems to not take shorts unless close on opposite is true. But decent results for only taking longs, potential here. image

Yen Trader

Yep, no shorts. image

Yen Trader

Quick test, not sure what is going on with shorts. image

Yen Trader

Yes, trade on a higher TF.

Yen Trader

Thanks, nice work here!

Yen Trader

One more thing. For some systems(perhaps this one), it can be critical to allow the trade to continue until it hits the full SL or the full TP. The close on opposite function prevents that from happening. Is there some combination of settings that ...

Yen Trader

It's good to test both.

Yen Trader

One thought: If this version with ATR is multiplying off the raw ATR, then than will occasionally result in abnormally large SL and TP levels, which is not desirable. ts good to have dynamic SL TP levels, but they have to controlled within a ...

Yen Trader