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MT4/5 - trading on every tick
Started May 19, 2011|Platform Tech|5 repliesWhy can't MT4 trade on every tick, it could assess conditions on every tick, so why is it only ...
- jaws810 replied Nov 1, 2010
Good morning, afternoon, evening everyone and GL on this weeks trading. I got started early, just after the market opened and my trades have not gone that well, I got 3w/3l and another one going now that's looking a bit weak, so I think next week ...
The Scalpers Dream
- jaws810 replied Oct 29, 2010
You are wise to be cautious, this is also my longest period of consistent results without using either a huge SL, no SL or martingale progression which works for a while but eventually blow your account. I like the results so far but it's been less ...
The Scalpers Dream
- jaws810 replied Oct 29, 2010
WTG

My record for the week is 18W/6L=+60 which would be good if I was trading even lots or 4 out of the six losses weren't in a row. which currently leaves me down a little over 9% for the week, but I'm still in the market at least ...The Scalpers Dream
- jaws810 replied Oct 28, 2010
Except that feature don't work when placing limit orders it uses the current price and when your placing trades 300 pips above the current price pips away the 5 units are not enough to compensate for the difference resulting in not enough margin, I ...
The Scalpers Dream
- jaws810 replied Oct 28, 2010
I use this link and adjust each trade individually using entry price and I place the orders at the highest number of units possible rounded down to the nearest 5 units. http://fxtrade.oanda.com/account/margin-calculator Here is an attachment with my ...
The Scalpers Dream
- jaws810 replied Oct 28, 2010
Every time the price crosses X.XX50 the EA will check the account balance and determine the lot size based on the account balance and user defined risk%, then it will place limit orders above at X.XX85 and X.XX15 below with a user defined SL, and TP ...
The Scalpers Dream
- jaws810 replied Oct 28, 2010
True, but that's only using one currency and no variable MM system that adjusts the number of lots after every trade. The back-test showed up to 14 wins in a row and only 5 losses in a row. A perfect example is my trading since before I started this ...
The Scalpers Dream
- jaws810 replied Oct 28, 2010
Another EA — I've been talking to another programmer and this is what he came up with, it works a bit different and it's well documented and seems to test at 2 wins for every loss, but I don't know how to use the strategy tester that well so ...
The Scalpers Dream
- jaws810 replied Oct 28, 2010
It depends on the EA settings the entry point, TP and SL are all adjustable. The EA also uses stealth trading with fake TP and SL so the broker don't know what your doing then it closes the trades at the right place. he posted it somewhere in this ...
The Scalpers Dream
- jaws810 replied Oct 27, 2010
I'm doing basically the same thing I've been doing across 5 pairs, but I set every order to use max available margin, so as soon as one trade is entered the rest will be useless because there will be no margin left to trade. Hope that helps.
The Scalpers Dream
- jaws810 replied Oct 27, 2010
IF the price is at 1.3650, I'd place orders at 1.3685, 1.3610, and either 1.3700 or 1.3500 depending on the direction of the last trade if the last price hit was 1.3700 before coming down I'd place the 3rd order at 1.3500 if it was coming from ...
The Scalpers Dream
- jaws810 replied Oct 27, 2010
I just realized a pattern, I have orders set for 5 pairs, I set them up so there is only margin enough for 1 trade at a time and any other orders during that trade would be rejected and this has happened several times and every time it was a bad ...
The Scalpers Dream
- jaws810 replied Oct 27, 2010
I'm not sure, I used this site and thought Wellington was GMT url , basically start trading 1hr after the market opens and stop 2hrs before the market closes.
The Scalpers Dream
- jaws810 replied Oct 27, 2010
You mean Friday right? The EA should remain active from Monday 11:00 GMT till Friday 19:00 GMT
The Scalpers Dream
- jaws810 replied Oct 27, 2010
Just picked up another +15 on cable, off to adjust my trades

The Scalpers Dream
- jaws810 replied Oct 27, 2010
I just picked a Euro win and last night I got some AU/USD pips.
I changed my strategy a bit, I now only place 3 orders per currency at the current 1.**00 and one above and one below. I am doing this on 5 pairs ATM so I can get more action. ...The Scalpers Dream
- jaws810 replied Oct 27, 2010
Yes, we need to be able to choose how long before close and after open the EA will be disarmed, at the end of the week I like to quit trading around 3PM EST and begin around 6PM EST so all trades are closed over the weekend and none are opened ...
The Scalpers Dream