RECRUITMENT OF PARTICIPANTS Density Scalper

Discussion in 'MQL5 Market' started by G JOSHI, Jun 23, 2020.

Stage:
Recruitment of participants
Price:
500.00 USD
participants:
0 of 15
Organizer:
G JOSHI
0%
Settlement fee for participation:
41 USD
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  1. G JOSHI

    G JOSHI Administrator
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    Before you buy a night scalper please be aware of the risks involved:

    1) Past performance is no guarantee of future profitability (the EA could also make losses).
    2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be transferred to live trading.
    3) Any mean reversion can get caught on the wrong side of a fast movements due to unexpected news or flash crashes. This strategy will always use a stop loss, but still execution of the SL depends on your broker.
    4) Night scalpers are dependent on good brokerage conditions, like low spread and slippage, which might be worse on high lot sizes.

    Density Scalper is a mean reversion system during the quiet hours of the day. It is similar to Login or signup to view link but optimized in a few ways to reduce slippage. For example, the entry logic was reduced to make the calculation faster and the exit is done via take profit orders, which can even lead to positive slippage on exiting a trade.

    Additionally, it offers various paramters for optimization of entry conditions and other improvements.

    It does not use martingale or grid and has a stop loss for every position.


    Symbols: EURUSD, GBPUSD, EURCHF, USDCHF, USDCAD, EURCAD, EURAUD, (experimental: AUDUSD, AUDNZD, AUDCAD, EURNZD, CHFJPY, GBPCAD, GBPAUD)

    Time frame: M5

    Max. drawdown in 16 year backtest: $50-60 per 0.01
    Login or signup to view link (my signals are also using the Login or signup to view link)

    Please read the Login or signup to view link for instructions on how to set up the EA.

    If GMT auto settings are used, the EA will automatically try to detect the GMT offset. Best double check it manually when used the first time.


    The EA should run on a VPS continuously without interruption (also Friday evening) to store the historic data.

    Please allow web requests to the following URLs for the calendar news filter and automatic GMT offset calculation:


    • Login or signup to view link
    • Login or signup to view link
    • Login or signup to view link (only needed if you use the Login or signup to view link)
    Ideally, backtests should be done with Tick Data Suite GMT+2 with US DST.

    It is important to use real spread in backtesting and not some fixed spread. But be aware that the spread can be very different between brokers at that time.


    The EA should be turned off on days of important events, for example general elections in UK, US or Europe!
     
  2. ianliang

    ianliang New Member

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    The issue here is that the dev requires the input of a "key" that the dev will generate.
     
  3. crazymhegde

    crazymhegde Administrator
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    Are you talking about license ?
     
  4. ianliang

    ianliang New Member

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    Yes - it seems the Dev will generate a licence key that needs to be inserted into the EA for it to function fully
     
  5. ianliang

    ianliang New Member

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    And on top of that, the EA makes calls to some external https:// addresses for the news filter service
     
  6. crazymhegde

    crazymhegde Administrator
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    Yes we give activation key too
     
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