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Banana Pips - Volatility scalper

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  • (Share) Banana Pips - Volatility scalper

    I am sharing this EA, it is a mix of some strategies discovered here with my own strategy. I am giving back now what I have learned.

    It trades the 1M chart on EURUSD, USDJPY and EURJPY but can be profitable on other pairs if the spread is good.

    Attached backtests, I hope to hear some feedback and mostly looking for a suitable broker.

    EURUSD
    EURUSD.jpg
    EURJPY 1M
    EURJPY.jpg
    USDJPY 1M
    USDJPY.jpg

    There will be further development on this strategy and the mql4 will be made available soon.
    Attached Files

  • #2
    Thanks for sharing. Could you add trade with fixed lot-size? Otherwise I can't use it

    Comment


    • #3
      Here you go, I will be doing some more dev on the strategy this week
      Attached Files

      Comment


      • #4
        I am running it on demo here, lets see how it goes

        https://www.myfxbook.com/members/fxcow/385830/1622890

        Comment


        • #5
          Originally posted by trevone View Post
          I am running it on demo here, lets see how it goes

          https://www.myfxbook.com/members/fxcow/385830/1622890
          All things are private....... it is a demo......... may we take a look to the statment?
          http://www.myfxbook.com/members/nazarius666

          Comment


          • #6
            ye sorry, enabled it now

            Comment


            • #7
              Hi, thanks for sharing. I'm trying to backtest with tick data and accurate variable spread - no results. Any ideas? My other EAs work OK so it's not my setup...

              SORRY - FIXED NOW WAS DUE TO MAX SPREAD AM NOW TESTING...
              Last edited by leeb77; 09-05-2016, 07:30 PM.

              Comment


              • #8
                Expectancy is very very low .... in Real account slippage will kill it.

                Comment


                • #9
                  Originally posted by gigabrainy View Post
                  Expectancy is very very low .... in Real account slippage will kill it.
                  although the EA shows promise for the past year with a tick backtest I agree somewhat with the comment below I think execution time or the slightest slippage could impact the EA greatly, I tested with real slippage and found EURUSD and USDJPY to be profitable but not EURJPY. Hope that helps, and thanks again for sharing.

                  Comment


                  • #10
                    Thanks for sharing looks good but no magic no How to trade on multiple pairs

                    Comment


                    • #11
                      Banana Pips v1.22 - Enabled settings

                      Hi guys, I agree with you that slippage is the issue here, I am constantly trying to get around it, please have a look at this version much more improved.

                      I am only trying to collaborate and get ideas from the community to make this strategy work for real.

                      I have enabled the magic numbers
                      Attached Files

                      Comment


                      • #12
                        Thanks Trevone, that version seems to tick backtest with better results on the EURUSD, will carry on testing and observing for you...

                        Comment


                        • #13
                          Trevone - just to let you know I sent you a message,

                          Comment


                          • #14
                            hi trevone...is the max spread set 12 means 12 pips or 12 points?
                            PFD-Broker: ECN, 0.5 pips spread, zero commission, no minimum deposit and great reputation

                            Comment


                            • #15
                              Originally posted by ruparaw View Post
                              hi trevone...is the max spread set 12 means 12 pips or 12 points?
                              That means 12 points, all settings are in points

                              Comment


                              • #16
                                Excellent idea, pity is not working in live with these values(stop loss/take profit), try to modify the (r: r) and tells us something. Good job.

                                Comment


                                • #17
                                  If you use a fixed spread of 20 points on EURUSD or use a 15 dollar commission charge on real spread, and apply a average slippage of 5 to 10 points, using Tick Data Suite, the tester still give you positive result, then in live trading, it may give you profit. Otherwise, don't wast time on testing using demo.

                                  Comment


                                  • #18
                                    Hi trevone,
                                    thanks for sharing
                                    Question: Is OrderCommission() factored in during the profit calculation?
                                    If not, could you add that?
                                    Thanks

                                    Comment


                                    • #19
                                      the only method of taking profit is using a trailing stop, i dont see how you can take commission into consideration, i have thought much about this and any insight would be helpful

                                      Comment


                                      • #20
                                        mechanical trailing stop which requires a lot of modification of orders to close trade is not a good exit strategy. Delay of modification of orders by the broker server and/or slippage of executing stop orders will make the real trading result significantly different from tester. Try use indicator to point the exit.

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