Originally posted by SmartTrader
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SmartScalper+ - High frequency scalper
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Originally posted by Waleed121 View PostVijay you must of been testing this formula way back to place it on a standard 50k USD account?Trade the market, not the trader
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Originally posted by SmartTrader View PostI 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.
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Originally posted by alexgrote View PostHy 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 !
AlexTrade the market, not the trader
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Originally posted by minkwYes 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
At a time only one pair is tradedTrade the market, not the trader
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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?
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Originally posted by BillHuppert View PostHello 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?
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.Trade the market, not the trader
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Originally posted by SmartTrader View PostProbably, 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.
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
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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
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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.
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Originally posted by BillHuppert View PostHello 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.Trade the market, not the trader
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Originally posted by minkwHey 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,Trade the market, not the trader
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