The Channel Scalper - Page 4 - Pip Cop

gross77777 · 2010-06-03, 05:50 AM

Hi Rick,

Can this ea be traded on an NFA regulated broker

? The fact that it opens 3 trades at a time should not be a problem if they are all in the same direction.For example 3 buys are just fine.FIFO

is not a problem , all of the brokers have a backoffice solutions.Does this ea hedge

?

Thanks

**rsmereka** · 2010-06-03, 09:05 AM

Quote:

Originally Posted by gross77777

Hi Rick,

Can this ea be traded on an NFA regulated broker

? The fact that it opens 3 trades at a time should not be a problem if they are all in the same direction.For example 3 buys are just fine.FIFO

is not a problem , all of the brokers have a backoffice solutions.Does this ea hedge

?

Thanks

There is no specific NFA switch but I don't see that it will be a problem. My version opens three trades at a time because I changed the set file to do this. It does not always open exactly three BTW. All trades are in the same direction (as far as I know, it always only does shorts), no hedging. FIFO

is the only issue that I can think of.

I searched all 28 pages of the thread on tradingsystemforex.com for NFA and found no hits (I had to search one page at a time using the browser search because the #^@&! forum search regards NFA as too short

a word).

Rick

**rsmereka** · 2010-06-03, 09:45 AM

Here are The Channel Scalper stats on my live account to date:

First trade Feb 23, 2010
72 trades
24 trades per month (assuming 3 months)
63 wins
9 losses
87.5% accuracy
184.1 pips
61.37 pips per month
$1,215.11 profit (including rollover

fees)
$405.04 profit per month

Rick

gross77777 · 2010-06-03, 09:34 PM

Quote:

Originally Posted by rsmereka

There is no specific NFA switch but I don't see that it will be a problem. My version opens three trades at a time because I changed the set file to do this. It does not always open exactly three BTW. All trades are in the same direction (as far as I know, it always only does shorts), no hedging. FIFO

is the only issue that I can think of.

I searched all 28 pages of the thread on tradingsystemforex.com for NFA and found no hits (I had to search one page at a time using the browser search because the #^@&! forum search regards NFA as too short

a word).

Rick

Thanks Rick

rahulkalgunde · 2010-06-10, 03:11 PM

Hi Rick,
I am new to the MT4 platform. Yesterday I downloaded Channel Scalper V1.11 and ran it using your set file. I wanted to see how Channel Scalper takes the trade. I set timeFilter to false to this EA work 24x7.
But still it didn't take any trades. Can you please tell me, Do I need to change any other settings?
Thanks in Advance!

Rahul

misterocupo · 2010-06-25, 05:04 AM

hi every one
few days ago i have bought this EA for $99.
at moment i am fine, i am satisfied to use The Channel Scalper.
i use it on demo account with FX Pro, i realy happy.
during the frist 2 days i gotten profit 15% about.
this week i am stay in demo after i will pass in live.
i very want say thank you to resmereka!!!

**rsmereka** · 2010-06-25, 11:35 AM

Quote:

Originally Posted by misterocupo

hi every one
few days ago i have bought this EA for $99.
at moment i am fine, i am satisfied to use The Channel Scalper.
i use it on demo account with FX Pro, i realy happy.
during the frist 2 days i gotten profit 15% about.
this week i am stay in demo after i will pass in live.
i very want say thank you to resmereka!!!

You are very welcome. IMHO, knowledge is all about sharing.

Rick