The Channel Scalper

[rsmereka]

Originally Posted by ApacheDan

Hi Rick;

How's it going for you this week? I switched to v1.06, your set and only change I made was set to risk=1. So far no trades all week and I'm testing it with FXCM UK and IamFX.

I dropped Alpari, because as a US guy, they won't allow me to open an account. I will also drop FXCM because of their spreads. IamFX have comparable spreads to Alpari if not better. Still looking for a good broker with nice spreads & MT4 platform.

Anyways, did you changed anything else? trading time? Thanks for any info.
Dan

Hi Dan,

In case you have not read my trading journal, this week was very black for me. I was force d to close all my old Robominer trades and lost 85% of my live account equity.

CS has been very quiet this week. Last live trade I had was Feb 25 (a week ago today). Live account is still running V1.06 with the original 'set' file. The last demo trade I had was Feb 26 which was right after I changed the trading time to 20-22. Demo account is running V1.11 with the 'set' file from V1.06 and the manual change to the trading time.

No changes to the EA this week.

Rick

[hotsawce]

Any updates on this new EA.

And I'm sorry to hear about your troubles with robominer Perhaps you would consider another broker ; the straight thru processing brokers have all been great by me.

[rsmereka]

Originally Posted by hotsawce

Any updates on this new EA.

And I'm sorry to hear about your troubles with robominer Perhaps you would consider another broker ; the straight thru processing brokers have all been great by me.

Thank's for your condolences,

Four trades last week on my demo account which is running V1.11. No trades on my live account which is running V1.06.

See my trading journal for all the stats.

My issue I had is not with my broker . My issue is with me making poor decisions and paying for it later (much later in this case).

Rick

[rsmereka]

A performance update with EA running on my live account.

First trade: Feb 23, 2010.
Elapsed time: 39 trading days
Trade count to date: 25

select datetime(opendatime, 'localtime') as open, datetime(closedatime, 'localtime') as close, lot, pips(ticket) as p, pl + rollover  as t from closedtrade where magic = 40
database result:
row(1):Array ( [open] => 2010-02-23 15:02:00 [close] => 2010-02-23 17:08:00 [lot] => 0.12 [p] => 4.0 [t] => 7.41 ) 
row(2):Array ( [open] => 2010-02-23 15:02:00 [close] => 2010-02-23 17:08:00 [lot] => 0.12 [p] => 4.0 [t] => 7.41 ) 
row(3):Array ( [open] => 2010-02-23 15:04:00 [close] => 2010-02-23 17:08:00 [lot] => 0.11 [p] => 4.0 [t] => 6.79 ) 
row(4):Array ( [open] => 2010-02-24 15:48:00 [close] => 2010-02-24 16:11:00 [lot] => 0.11 [p] => 4.0 [t] => 6.78 ) 
row(5):Array ( [open] => 2010-02-24 15:48:00 [close] => 2010-02-24 16:22:00 [lot] => 0.1 [p] => 4.0 [t] => 6.16 ) 
row(6):Array ( [open] => 2010-02-24 15:48:00 [close] => 2010-02-24 16:26:00 [lot] => 0.1 [p] => 4.0 [t] => 6.17 ) 
row(7):Array ( [open] => 2010-02-25 15:48:00 [close] => 2010-02-25 16:21:00 [lot] => 0.12 [p] => 4.0 [t] => 7.32 ) 
row(8):Array ( [open] => 2010-02-25 15:49:00 [close] => 2010-02-25 16:21:00 [lot] => 0.12 [p] => 4.0 [t] => 7.32 ) 
row(9):Array ( [open] => 2010-02-25 15:49:00 [close] => 2010-02-25 16:21:00 [lot] => 0.12 [p] => 4.0 [t] => 7.33 ) 
row(10):Array ( [open] => 2010-03-12 15:00:00 [close] => 2010-03-12 16:00:00 [lot] => 0.37 [p] => 4.0 [t] => 22.48 ) 
row(11):Array ( [open] => 2010-03-18 16:04:00 [close] => 2010-03-18 16:20:00 [lot] => 0.38 [p] => 4.0 [t] => 23.17 ) 
row(12):Array ( [open] => 2010-03-18 16:04:00 [close] => 2010-03-18 16:20:00 [lot] => 0.38 [p] => 4.0 [t] => 23.18 ) 
row(13):Array ( [open] => 2010-03-18 16:04:00 [close] => 2010-03-18 16:20:00 [lot] => 0.38 [p] => 4.0 [t] => 23.18 ) 
row(14):Array ( [open] => 2010-03-29 15:47:00 [close] => 2010-03-29 21:59:00 [lot] => 0.42 [p] => 4.0 [t] => 25.13 ) 
row(15):Array ( [open] => 2010-03-29 15:47:00 [close] => 2010-03-29 21:59:00 [lot] => 0.42 [p] => 4.0 [t] => 25.13 ) 
row(16):Array ( [open] => 2010-03-29 15:47:00 [close] => 2010-03-29 21:59:00 [lot] => 0.42 [p] => 4.0 [t] => 25.13 ) 
row(17):Array ( [open] => 2010-04-02 16:35:00 [close] => 2010-04-04 18:00:00 [lot] => 0.42 [p] => 36.9 [t] => 236.52 ) 
row(18):Array ( [open] => 2010-04-02 16:35:00 [close] => 2010-04-04 18:00:00 [lot] => 0.42 [p] => 36.3 [t] => 232.68 ) 
row(19):Array ( [open] => 2010-04-02 16:58:00 [close] => 2010-04-04 18:00:00 [lot] => 0.42 [p] => 38.1 [t] => 244.22 ) 
row(20):Array ( [open] => 2010-04-09 16:17:00 [close] => 2010-04-11 18:38:00 [lot] => 0.26 [p] => -55.0 [t] => -220.61 ) 
row(21):Array ( [open] => 2010-04-09 16:59:00 [close] => 2010-04-11 18:54:00 [lot] => 0.26 [p] => -55.0 [t] => -220.58 ) 
row(22):Array ( [open] => 2010-04-09 16:59:00 [close] => 2010-04-11 18:54:00 [lot] => 0.26 [p] => -55.0 [t] => -220.58 ) 
row(23):Array ( [open] => 2010-04-13 16:32:00 [close] => 2010-04-13 20:15:00 [lot] => 0.16 [p] => 4.0 [t] => 9.71 ) 
row(24):Array ( [open] => 2010-04-13 16:32:00 [close] => 2010-04-13 20:15:00 [lot] => 0.16 [p] => 4.0 [t] => 9.71 ) 
row(25):Array ( [open] => 2010-04-13 16:32:00 [close] => 2010-04-13 20:15:00 [lot] => 0.16 [p] => 4.0 [t] => 9.71 )

Total pips:

select total(pips(ticket)) as p from closedtrade where magic = 40
database result:
row(1):Array ( [p] => 22.3 )

Total PL:

select total(pl + rollover ) as t from closedtrade where magic = 40
database result:
row(1):Array ( [t] => 310.87 )

Rick

[rafizi]

Hi Rick

I was going through the topic at funyoo's trying to find which version and setfile suitable for use. I was wondering which version and setfile you are using currently to get the results shown on your journal? thanks.

[rsmereka]

Hi rafizi and Welcome,

I started with version 1.06 and updated to version 1.11 a while ago. The set file I am using is attached. This set file is the one optimized for the 20-22:00 trading window that I originally found in the tradingsystemforex.com thread for version 1.06 which works really well with version 1.11. I have since modified the Friday trading time after getting trapped with open trades on Friday close and then having the market gap open on Sunday. This happened two weeks in a row. The first week, I made a pile of money. The second week, after I reduced the risk in half, I lost a pile. So, this set file disallows Friday trading.

Some current stats for you:

A performance update with EA running on my live account.

First trade: Feb 23, 2010.
Elapsed time: 54 trading days
Trade count to date: 43

select datetime(opendatime, 'localtime') as open, datetime(closedatime, 'localtime') as close, lot, pips(ticket) as p, pl + rollover  as t from closedtrade where magic = 40 
database result:
row(1):Array (     [open] => 2010-02-23 15:02:00     [close] => 2010-02-23 17:08:00     [lot] => 0.12     [p] => 4.0     [t] => 7.41 ) 
row(2):Array (     [open] => 2010-02-23 15:02:00     [close] => 2010-02-23 17:08:00     [lot] => 0.12     [p] => 4.0     [t] => 7.41 ) 
row(3):Array (     [open] => 2010-02-23 15:04:00     [close] => 2010-02-23 17:08:00     [lot] => 0.11     [p] => 4.0     [t] => 6.79 ) 
row(4):Array (     [open] => 2010-02-24 15:48:00     [close] => 2010-02-24 16:11:00     [lot] => 0.11     [p] => 4.0     [t] => 6.78 ) 
row(5):Array (     [open] => 2010-02-24 15:48:00     [close] => 2010-02-24 16:22:00     [lot] => 0.1     [p] => 4.0     [t] => 6.16 ) 
row(6):Array (     [open] => 2010-02-24 15:48:00     [close] => 2010-02-24 16:26:00     [lot] => 0.1     [p] => 4.0     [t] => 6.17 ) 
row(7):Array (     [open] => 2010-02-25 15:48:00     [close] => 2010-02-25 16:21:00     [lot] => 0.12     [p] => 4.0     [t] => 7.32 ) 
row(8):Array (     [open] => 2010-02-25 15:49:00     [close] => 2010-02-25 16:21:00     [lot] => 0.12     [p] => 4.0     [t] => 7.32 ) 
row(9):Array (     [open] => 2010-02-25 15:49:00     [close] => 2010-02-25 16:21:00     [lot] => 0.12     [p] => 4.0     [t] => 7.33 ) 
row(10):Array (     [open] => 2010-03-12 15:00:00     [close] => 2010-03-12 16:00:00     [lot] => 0.37     [p] => 4.0     [t] => 22.48 ) 
row(11):Array (     [open] => 2010-03-18 16:04:00     [close] => 2010-03-18 16:20:00     [lot] => 0.38     [p] => 4.0     [t] => 23.17 ) 
row(12):Array (     [open] => 2010-03-18 16:04:00     [close] => 2010-03-18 16:20:00     [lot] => 0.38     [p] => 4.0     [t] => 23.18 ) 
row(13):Array (     [open] => 2010-03-18 16:04:00     [close] => 2010-03-18 16:20:00     [lot] => 0.38     [p] => 4.0     [t] => 23.18 ) 
row(14):Array (     [open] => 2010-03-29 15:47:00     [close] => 2010-03-29 21:59:00     [lot] => 0.42     [p] => 4.0     [t] => 25.13 ) 
row(15):Array (     [open] => 2010-03-29 15:47:00     [close] => 2010-03-29 21:59:00     [lot] => 0.42     [p] => 4.0     [t] => 25.13 ) 
row(16):Array (     [open] => 2010-03-29 15:47:00     [close] => 2010-03-29 21:59:00     [lot] => 0.42     [p] => 4.0     [t] => 25.13 ) 
row(17):Array (     [open] => 2010-04-02 16:35:00     [close] => 2010-04-04 18:00:00     [lot] => 0.42     [p] => 36.9     [t] => 236.52 ) 
row(18):Array (     [open] => 2010-04-02 16:35:00     [close] => 2010-04-04 18:00:00     [lot] => 0.42     [p] => 36.3     [t] => 232.68 ) 
row(19):Array (     [open] => 2010-04-02 16:58:00     [close] => 2010-04-04 18:00:00     [lot] => 0.42     [p] => 38.1     [t] => 244.22 ) 
row(20):Array (     [open] => 2010-04-09 16:17:00     [close] => 2010-04-11 18:38:00     [lot] => 0.26     [p] => -55.0     [t] => -220.61 ) 
row(21):Array (     [open] => 2010-04-09 16:59:00     [close] => 2010-04-11 18:54:00     [lot] => 0.26     [p] => -55.0     [t] => -220.58 ) 
row(22):Array (     [open] => 2010-04-09 16:59:00     [close] => 2010-04-11 18:54:00     [lot] => 0.26     [p] => -55.0     [t] => -220.58 ) 
row(23):Array (     [open] => 2010-04-13 16:32:00     [close] => 2010-04-13 20:15:00     [lot] => 0.16     [p] => 4.0     [t] => 9.71 ) 
row(24):Array (     [open] => 2010-04-13 16:32:00     [close] => 2010-04-13 20:15:00     [lot] => 0.16     [p] => 4.0     [t] => 9.71 ) 
row(25):Array (     [open] => 2010-04-13 16:32:00     [close] => 2010-04-13 20:15:00     [lot] => 0.16     [p] => 4.0     [t] => 9.71 ) 
row(26):Array (     [open] => 2010-04-26 16:23:00     [close] => 2010-04-26 19:05:00     [lot] => 0.29     [p] => -11.0     [t] => -49.41 ) 
row(27):Array (     [open] => 2010-04-26 16:23:00     [close] => 2010-04-26 19:06:00     [lot] => 0.29     [p] => -11.0     [t] => -49.41 ) 
row(28):Array (     [open] => 2010-04-26 16:25:00     [close] => 2010-04-26 19:15:00     [lot] => 0.29     [p] => -11.0     [t] => -49.43 ) 
row(29):Array (     [open] => 2010-04-29 16:00:00     [close] => 2010-04-29 16:06:00     [lot] => 0.29     [p] => 4.0     [t] => 17.77 ) 
row(30):Array (     [open] => 2010-04-29 16:00:00     [close] => 2010-04-29 16:06:00     [lot] => 0.29     [p] => 4.0     [t] => 17.77 ) 
row(31):Array (     [open] => 2010-04-29 16:00:00     [close] => 2010-04-29 16:06:00     [lot] => 0.29     [p] => 4.0     [t] => 17.77 ) 
row(32):Array (     [open] => 2010-04-29 16:57:00     [close] => 2010-04-29 17:04:00     [lot] => 0.3     [p] => 4.0     [t] => 18.39 ) 
row(33):Array (     [open] => 2010-04-29 16:57:00     [close] => 2010-04-29 17:04:00     [lot] => 0.3     [p] => 4.0     [t] => 18.39 ) 
row(34):Array (     [open] => 2010-04-29 16:57:00     [close] => 2010-04-29 17:04:00     [lot] => 0.3     [p] => 4.0     [t] => 18.39 ) 
row(35):Array (     [open] => 2010-05-06 16:03:00     [close] => 2010-05-06 16:15:00     [lot] => 0.33     [p] => 4.0     [t] => 19.57 ) 
row(36):Array (     [open] => 2010-05-06 16:03:00     [close] => 2010-05-06 16:15:00     [lot] => 0.33     [p] => 4.0     [t] => 19.58 ) 
row(37):Array (     [open] => 2010-05-06 16:03:00     [close] => 2010-05-06 16:15:00     [lot] => 0.33     [p] => 4.0     [t] => 19.57 ) 
row(38):Array (     [open] => 2010-05-06 16:18:00     [close] => 2010-05-06 16:20:00     [lot] => 0.33     [p] => 4.0     [t] => 19.57 ) 
row(39):Array (     [open] => 2010-05-06 16:19:00     [close] => 2010-05-06 16:20:00     [lot] => 0.33     [p] => 4.0     [t] => 19.58 ) 
row(40):Array (     [open] => 2010-05-06 16:19:00     [close] => 2010-05-06 16:20:00     [lot] => 0.33     [p] => 4.0     [t] => 19.57 ) 
row(41):Array (     [open] => 2010-05-06 16:44:00     [close] => 2010-05-06 16:50:00     [lot] => 0.34     [p] => 11.5     [t] => 58.01 ) 
row(42):Array (     [open] => 2010-05-06 16:48:00     [close] => 2010-05-06 16:50:00     [lot] => 0.34     [p] => 17.1     [t] => 86.26 ) 
row(43):Array (     [open] => 2010-05-06 16:48:00     [close] => 2010-05-06 16:50:00     [lot] => 0.34     [p] => 17.2     [t] => 86.76 )

Wins:

select count() from closedtrade where magic = 40 and pl + rollover  > 0
database result:
row(1):Array (     [count()] => 37 )

Losses:

select count() from closedtrade where magic = 40 and pl + rollover  < 0
database result:
row(1):Array (     [count()] => 6 )

Winning Percent: 86.05
Total pips:

select total(pips(ticket)) as p from closedtrade where magic = 40 
database result:
row(1):Array (     [p] => 83.1 )

Total PL:

select total(pl + rollover ) as t from closedtrade where magic = 40 
database result:
row(1):Array (     [t] => 619.57 )

Rick

[rafizi]

Thanks Rick, an 86% win rate on EURGBP to me is excellent. Looking forward to put this on my micro account, will post progress later.

[rsmereka]

rafizi,

Your are very welcome.

Just be careful with the risk rate . I originally had it at 12 which is really high. After the Friday trading experience, I halved it to 6 which is where it is at now. This is still quite high but this EA only makes 4 pips per trade. The set file I supplied also is set to trade in groups of three. It will almost always open three trades at a time. This, I found, compensates for the fact that it does not trade that often.

Rick

[rafizi]

Originally Posted by rsmereka

rafizi,

Your are very welcome.

Just be careful with the risk rate . I originally had it at 12 which is really high. After the Friday trading experience, I halved it to 6 which is where it is at now. This is still quite high but this EA only makes 4 pips per trade. The set file I supplied also is set to trade in groups of three. It will almost always open three trades at a time. This, I found, compensates for the fact that it does not trade that often.

Rick

Yeah I noticed the high risk upon loading the setfile. I want to run it on fixed 0.01 first to see the performance before switching to MM.

[rsmereka]

rafizi,

I forgot to mention that you need to change the summergmtshift and wintergmtshift parameters in The Channel Scalper. This depends on your broker server time. The daylight saving time adjustment is automatic but you need to tell the EA what the server time zone is relative to GMT.

The set file as I supplied is set for Alpari UK which is +2 in the summer and +1 in the winter.

Rick