SmartScalper+ - High frequency scalper

[Waleed121]

No, i did not cap anything, my lot size on a 50k account is only 0.21, so i guess if your account is small, and depending on what risk you set in the control panel, you are getting 0.01 lot. Did you get any profit on these 3 trades? They are closed at +1.5 pip per trade(average) in my account.

Vijay you must of been testing this formula way back to place it on a standard 50k USD account?

[SmartTrader]

Vijay you must of been testing this formula way back to place it on a standard 50k USD account?

I have been trading this manually for a long time Waleed. Only when i have time i used to trade. And there is no need to worry if its 50k or 100k as long as you are not taking much risk? When what you are going to lose is not much, you can confidently start trading your method. Ofcourse i have done my work to even come up with this method. Yes, its still new, but i will stick to my DD parameters in this system. 10% max, i can make it back in a month or max two, if i lose that much, so i am not worried.

[Waleed121]

I have been trading this manually for a long time Waleed. Only when i have time i used to trade. And there is no need to worry if its 50k or 100k as long as you are not taking much risk? When what you are going to lose is not much, you can confidently start trading your method. Ofcourse i have done my work to even come up with this method. Yes, its still new, but i will stick to my DD parameters in this system. 10% max, i can make it back in a month or max two, if i lose that much, so i am not worried.

It seems great and all the best, I will be watching this closely :-)

[alexgrote]

Hy Vijay,
When I open simpletrader and look at your history there is a big drawdown in september. What has happened there ?
Thank you and all the best for your signal !
Alex

[SmartTrader]

Hy Vijay,
When I open simpletrader and look at your history there is a big drawdown in september. What has happened there ?
Thank you and all the best for your signal !
Alex

The drawdown is because of smart scalper Alex. Am using the same account so the loss is there in history.

[SmartTrader]

Yes I was wondering the same,

Vijay, also how does this trade during/around news? will you disable it?
Also how many pairs does it trade at a time? or how many open positions can be expected at any given time?

Thanks

When there is a big news it usually happens that few hours before the event there ll not b much movement in that pair. That is enough for this system to ignore this pair n look for another pair. That's usually b the one that is still trending n not sideways. So usually the sensitive pair is avoided. After the news If there is big movement for few hours the system may trade the pair depending on its earlier strength n current movement.
At a time only one pair is traded

[BillHuppert]

Hello Vijay,

A question on risk management.

Your master account is around 50K. If I was to run on a 5K account at 1x risk my position sizes would be about 0.02 lots when the master takes a 0.21 lot trade. But there seem to be a lot of odd size small trades on the master, 0.01, 0.02 lots. This would not translate as the follower account would be trying to trade 0.001 lots.

Is this due to partial closures, the operation of the terminal closing trades or some other reason?

[SmartTrader]

Hello Vijay,

A question on risk management.

Your master account is around 50K. If I was to run on a 5K account at 1x risk my position sizes would be about 0.02 lots when the master takes a 0.21 lot trade. But there seem to be a lot of odd size small trades on the master, 0.01, 0.02 lots. This would not translate as the follower account would be trying to trade 0.001 lots.

Is this due to partial closures, the operation of the terminal closing trades or some other reason?

Probably, the problem with ECN is this : When i issue a 0.21 lot size trade, if the same offer or bid is not there on the other side, it is split in to 2 trades, i have observed that it is traded as 0.10 and 0.11 sometimes and 0.2 and 0.01 sometimes. That could be the reason you are getting odd sizes. But when there is a 0.21 lot size trade on my master you should be getting 0.02 lot on your side.

if you have any way to not take trades that are less than say 0.05 (on master), please use that option. If not, I guess its a good feature to add in to simple trader copier.

[BillHuppert]

Probably, the problem with ECN is this : When i issue a 0.21 lot size trade, if the same offer or bid is not there on the other side, it is split in to 2 trades, i have observed that it is traded as 0.10 and 0.11 sometimes and 0.2 and 0.01 sometimes. That could be the reason you are getting odd sizes. But when there is a 0.21 lot size trade on my master you should be getting 0.02 lot on your side.

if you have any way to not take trades that are less than say 0.05 (on master), please use that option. If not, I guess its a good feature to add in to simple trader copier.

Thanks for the reply, that explains it.

I have not yet connected my account, the information was obtained by viewing the myfxbook trade history for the signal (see screenshot).

HFT History.png

[dupapa]

Sent in my request to be added on,

very interesting Vijay, looking forward to hopefully testing this out,

if accepted to test ill put it on icmarkets ICN an will start with a slippage set at 2.

have emailed support

[dupapa]

Open Date Close date Symbol Action Lots TP(Price) Pips Duration Gain Drawdown *Dif*


11.19.2014 21:00 11.19.2014 21:00 CHFJPY Buy 0.01 123.17 11.0 28s 0.02% - +3

11.19.2014 20:30 11.19.2014 20:46 CHFJPY Buy 0.01 123.01 2.0 16m 0.00% 3.4 0

11.19.2014 20:45 11.19.2014 20:46 CHFJPY Buy 0.01 123.01 1.0 1m 0.00% - 0

11.19.2014 20:26 11.19.2014 20:46 CHFJPY Buy 0.01 123.01 1.0 20m 0.00% 4.4 +1

11.19.2014 19:45 11.19.2014 19:54 CHFJPY Buy 0.01 123.04 4.0 9m 0.01% 0.8 +1

11.19.2014 19:00 11.19.2014 19:17 CADJPY Buy 0.01 103.75 4.0 17m 0.01% 3.0 0

11.19.2014 18:17 11.19.2014 18:22 EURJPY Buy 0.01 147.64 4.0 5m 0.01% 0.4 0

The first seven trades received are shown above, vs the master my account stands +5 pips up, will continue to monitor,

copier seems to be ok, real test is when the subscrber base grows and during high impact news

[beaumz]

Interested in subscribing for sure, any idea when it will be released as a paid signal? I missed the trial slots, however i want to run it with other signals too on 1 account as the 10% dd is low.
cheers,

[BillHuppert]

Hello Vijay,

May I ask if you pay separate commission on your Master account trades, or is it included in the spread.
This information would be useful so that I can accurately compare performance.
I am getting a bit of slippage. Some of your winners are ending up as losing trades for me, but I'm still making a lot of positive pips overall.
I'll give you more feedback once I have had the signal running for a little longer.

[SmartTrader]

Hello Vijay,

May I ask if you pay separate commission on your Master account trades, or is it included in the spread.
This information would be useful so that I can accurately compare performance.
I am getting a bit of slippage. Some of your winners are ending up as losing trades for me, but I'm still making a lot of positive pips overall.
I'll give you more feedback once I have had the signal running for a little longer.

Hey Bill I do pay commission separately.

[SmartTrader]

Hey Vijay,

Currently loving it, its a pip machine, I think this will be very popular, as retail traders like lots of action, however im wondering more the less liquid pairs, once subs reach critical mass, I assume people will be slipped heavily due to the tight TP, perhaps it would be best to limit the amount of subs once its available to the public?

Cheers,

Yeah probably we should limit n ask the other to join a PAMM if everything goes well