The Channel Scalper

[rsmereka]

Originally Posted by misterocupo

hi rsmereka
can i use two EA on same cross (€/$) on MT4?
thank's

Yes you can (with conditions),

You will need two MT4 charts open (each chart can only run one EA). In addition, make sure in the settings of each EA, you define a different magic number.

The EA that you use must be capable of modifying only it's own open orders. In a properly coded/built EA, this is done using the symbol (EURUSD, EURGBP etc) and the magic number. Caution, there are many EA's on the market that are not coded properly and consider themselves masters of the entire account and don't play nice.

The Channel Scalper is properly coded and you can run many copies of it (each in it's own chart, of course) on an account. The parameter that you are looking for is called magic. Set this to a different number on each chart.

Here is a decent video on MT4 magic numbers that I think will help.

Rick

[rsmereka]

After more than four months in my live account, The Channel Scalper has done well. Results:

-Start date Feb 23, 2010
-number of trades

select count() as cnt from closedtrade where magic = 40
database result:
row(1):Array ( [cnt] => 87 )

-average trades per month 21.75
-wins

select count() as wins from closedtrade where magic = 40 and pl + rollover  > 0
database result:
row(1):Array ( [wins] => 75 )

-accuracy 86.21%
-total pips

select total(pips(ticket)) as p from closedtrade where magic = 40
database result:
row(1):Array ( [p] => 184.1 )

-PL

select total(pl + rollover  ) as t from closedtrade where magic = 40
database result:
row(1):Array ( [t] => 1187.9 )

Rick

[misterocupo]

Hi Rsmereka

i have a little but big problem with time set of this EA.
i use FXPRO gmt= summer 3 and winter 2 and this EA have to trade between 20 and 22
my problem is put right time for start and stop trading on set file.
please can you help me?

thank's so much

[rsmereka]

Originally Posted by misterocupo

Hi Rsmereka

i have a little but big problem with time set of this EA.
i use FXPRO gmt= summer 3 and winter 2 and this EA have to trade between 20 and 22
my problem is put right time for start and stop trading on set file.
please can you help me?

thank's so much

Ok,

The two settings you need to change (in the EA inputs) are summergmtshift and wintergmtshift. Take a look at the attached image which will show you where they are. In the image, my values are summer 2 and winter 1. Just change these two and save a new set file so that you don't have to type this each time you attach the EA to the chart. You just have to load the set file.

I hope that this has helped you.

Rick

[misterocupo]

it is nice.
i have observed which this ea works nice on GBP\USD USD\CHF USD\CAD.
What's risk have you put on your set file?and what's risk do you advise to me on FXPRO?
thanks

[rsmereka]

Originally Posted by misterocupo

it is nice.
i have observed which this ea works nice on GBP\USD USD\CHF USD\CAD.
What's risk have you put on your set file?and what's risk do you advise to me on FXPRO?
thanks

I would be careful with other currency pairs. Test it well. If you find a combination that works well, please share it with others here.

In my live/real money account, I am running this EA at risk 12 which is high. I started running this EA at risk 6 which is where I think you should start. Run some backtests to get a feel of the risk verses profit.

Rick

[rsmereka]

After more than five months in my live/real money account, The Channel Scalper continues to do well. Results:

-Start date Feb 23, 2010
-number of trades

select count() as cnt from closedtrade where magic = 40
database result:
row(1):Array ( [cnt] => 105 )

-average trades per month 21
-wins

select count() as wins from closedtrade where magic = 40 and pl + rollover  > 0
database result:
row(1):Array ( [wins] => 93 )

-accuracy 88.57%
-total pips

select total(pips(ticket)) as p from closedtrade where magic = 40
database result:
row(1):Array ( [p] => 256.1 )

-PL

select total(pl + rollover  ) as t from closedtrade where magic = 40
database result:
row(1):Array ( [t] => 1923.91 )

Rick

[misterocupo]

hi rsmereka
maybe do you know why on my live account i haven't gotten any trade with megdroid and the channel scalper?
my broker is fxpro and i have put the same your set.

thank's you

[rsmereka]

Originally Posted by misterocupo

hi rsmereka
maybe do you know why on my live account i haven't gotten any trade with megdroid and the channel scalper?
my broker is fxpro and i have put the same your set.

thank's you

First, make sure everything is ok. Do you have a smiley face? Check the experts log for error messages. Both of these EA's did not trade all last week but I have a Channel Scalper trade (3 orders) in progress right now. Still no MegaDroid trade however.

How long have you been waiting? From when? If everything checks out, they will trade at some point .

Rick

[misterocupo]

hi mate
i have checked my mt4:
-i have all thick right, now i am understand the problem, my broker has my real account only read.
thank you
i update you soon