Multi Lot Scalper - MQL4 Code Base

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This Expert Advisor is for
MetaTrader 4

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Name:

Multi Lot Scalper

Author:

Collector (2006.08.10 12:59)

Rating:

Downloaded:

22144

Download:

Multi_Lot_Scalper.mq4 (11.6 Kb) View

Multi_Lot_Scalper Expert Advisors.

Test results:

36 comments: 1 2 3 4 To post a new comment, please log in or register

I took a look at the trades on the chart (MUCH more helpful than simply looking at the equity curve!).

The EA makes a decision on the market. If the market moves away from the forecasted direction, another trade is made in the same direction, up to 4-5 times.

Initial capital has no bearing on the INEVITABLE margin call...

With that said, I had an idea for the "proper" use of this EA...

Start an account with ONLY a portion of your available risk capital
Hard-code the EA to stop trading after the account doubles.
Once it stops trading, take out 1/2 your equity. (Set aside to restart if it fails!)
Rinse and repeat!

Alternately, if you can forecast the direction of the Long term trend by other means, force the EA to only go with that trend.

10.11.2008 06:05 joelmusicman

IcarusZulu,

Just wanted to ask if you continued with this multilot scalper and what your results have been up to now. I've finally got some time to look at high-ranking EAs in the codebase, further ferret them out and re-write/optimize the shortlisted ones. And judging from your comments you've provided more sensible feedback amidst some baloney written up here and there.

Thanks

Groovy

02.09.2008 14:51 groovy

Help me with this testing:

EURUSD timefrme:H1

period: 2007.5.1-2008.4.30

At beginning it works well, but at last there are three StopOut.

24.08.2008 13:54 valleyfir

IcarusZulu wrote:

This is one of the best that I have seen.... I modified it to use on 12 charts at the same time so as to spread my risk. Along with some other modifications I have managed to double my money on a demo account in one month. Starting with $10,000. I set the max trades to 3 and then let it ride. As soon as one of the charts loses more than 150 pips I increase it to max trade 4. Then I start watching a 4hr chart with a simple moving average indicator (Fast 8 - Slow 14) waiting for the cross. Once this happens I then allow Max trades 5 or 6 this usually cancels all previous losses on that chart. Then I reset the max trades to 3 again for that chart and let it continue as normal. Once I hit $30,000 I’ll increase my lot size to 0.2 and add another 4 charts to the mix. (My worst loss was -$680 and my best profit was +$1,200)

Have been testing for a month with a 10k demo and the account is at 43k... going to test for another month... have increased my charts to 16. I find there is less chance of a blowout with more charts and once you achieve the 30k mark. Id like the auther to contact me as I have been tweeking and testing diferent things on stratergy tester. and feel that someting can be added to the system to vastly improve performance.

May i know what is your 16 charts ? All same currency ? Im thinking to apply this ea into real account, but when i try in demo with deposit 5000, it blows up my account twice already. So i need a guide to optimize this ea, thanks for any comment...

22.07.2008 19:55 yast77

IcarusZulu wrote:

22.07.2008 11:11 IcarusZulu

01.07.2008 08:53 IcarusZulu

Hello,

This EA is very interesting- I do have a question, though- I am assuming that adjusting the input 'max trades' controls the amount of trades open at one time... what does 'risk' adjust? I look forward to hearing from you at your earliest convenience- Thanks GP.

22.05.2008 15:49 g2008p

Dear,

How to put stoploss automately (with parameter input) at last trade ??? i.e. setting max trade in 10, so how to put stoploss in 10th trade ???

Because impossible let the last trade running without controll.

Thank you and looking forward.

24.04.2008 14:55 dictus

IIs there anyways to change the trafes to micro lots eg: 0.01 ? RegardsCJA

28.03.2008 16:32 CJA

asmocon wrote:

sasuke wrote:

asmocon wrote:

sasuke wrote:
What months or days did you do your optimization in the 15M timeframe on?

I was doing my back-testing using Interbank software, from August 18th - October 17th. I was not using Alpari data (data does not match with Interbank, so I just used fully collected data). Then I started using the program on a live account on October 18th.

But as of Friday, October 27th, I have officially shut it down. My personal risk level just couldn't handle how much money it would trade at once with a possibilty of zero stop-loss. :)

Why don't you just code a stop loss into the EA?

The method of trading is that it will honestly trade the opposite way the market is moving. Like, it will pick "buy" to start off with. Then, if the market starts to drop, it will place another buy lower, and then as the market goes down, it places another buy even lower. So, I would have to figure out a way to assign a different stop-loss amount for each open position (each position it opens after each other one trades more and more lots).

Also, something in the code makes every position close all at once. So, when I did built in a normal stop-loss into the code, if one of the 5-positions that were open hit that stop number, all 5 positions instantly closed, which always resulted in a losses because you would usually have only the orders with very few lots break even, while the orders with mass amounts of lots would lose money since they were still so far down. Just needs some more work I guess...

There is an EA I tried called dailyscalp that trades in wrong direction at all times, I think it was a TF issue but can't be sure because when it was on the correct TF it was made for it actually does not work either, I tried this indicator and can't get it to give me profitable results. Please post a message here if you find best optimised settings to use for this EA.

16.02.2008 01:02 FXIA