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Chock Hwee Ng
Project Volas - A Genuine Scalper with Pyramiding Effect
A true blue scalper only needs a small time window from seconds to a few minutes at most to entering and exiting the market. That's because genuine opportunity for scalping comes and goes in a flash.
Hence a real scalper needs to be able to catch such opportunity when it comes.
Project Volas scalper EA is the real deal that is way under priced for a its unique scalping + pyramiding design.
I purposely price it at a very affordable price so more people can see my art of work.
If you're looking for a true blue scalper, do check out Project Volas EA via the links below:
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas V3 Release Notes: https://www.mql5.com/en/blogs/post/687210
Project Volas Live SIgnal: https://www.mql5.com/en/signals/255158
Project Volas Myfxbook: myfxbook.com/members/iamforexrobot/project-volas-real-tickmill-ecn/2032247
Project Volas EA has passed the following stringent tests:
- Back Tested over 13 years from 2004 to 2017
- Back Tested using Real Tick Data (99% modelling quality)
- Back Tested with Real Variable Spread + $7 commission
- Robustness Tested with In Sample and Out of Sample Tests
- Using renowed state of the art back test software Birt's Tick Data Suite Version 2.2.4.0.
A true blue scalper only needs a small time window from seconds to a few minutes at most to entering and exiting the market. That's because genuine opportunity for scalping comes and goes in a flash.
Hence a real scalper needs to be able to catch such opportunity when it comes.
Project Volas scalper EA is the real deal that is way under priced for a its unique scalping + pyramiding design.
I purposely price it at a very affordable price so more people can see my art of work.
If you're looking for a true blue scalper, do check out Project Volas EA via the links below:
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas V3 Release Notes: https://www.mql5.com/en/blogs/post/687210
Project Volas Live SIgnal: https://www.mql5.com/en/signals/255158
Project Volas Myfxbook: myfxbook.com/members/iamforexrobot/project-volas-real-tickmill-ecn/2032247
Project Volas EA has passed the following stringent tests:
- Back Tested over 13 years from 2004 to 2017
- Back Tested using Real Tick Data (99% modelling quality)
- Back Tested with Real Variable Spread + $7 commission
- Robustness Tested with In Sample and Out of Sample Tests
- Using renowed state of the art back test software Birt's Tick Data Suite Version 2.2.4.0.
· 1
Chock Hwee Ng
Why should you consider GRID HERO EA?
Here are your reasons (It's time to be realistic with your back tests):
- Back Tested over 13 years from 2004 to 2017
- Back Tested using Real Tick Data (99% modelling quality)
- Back Tested with Real Variable Spread + $7 commission
- Back Tested with Execution Delay Slippage of 200 to 300 milliseconds
- Robustness Tested with 2000 Monte Carlo Simulation Runs of Trade Randomizations
- Using renowed state of the art back test software Birt's Tick Data Suite Version 2.2.4.0.
Before you buy any EAs out there, please make an effort to do a proper back test.
Buying an EA without doing proper back testing is like dumping your money into the sea.
Start doing yourself a favour, spend your money wisely, learn to do a 99% back test.
Perform all your back tests with Real Tick Data, Real Spread, and Commission.
Perform robustness tests like Execution Delay Slippage and Trade Randomization.
Simulate a realistic test as close to live trading conditions as possible.
GRID HERO V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook: myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Here are your reasons (It's time to be realistic with your back tests):
- Back Tested over 13 years from 2004 to 2017
- Back Tested using Real Tick Data (99% modelling quality)
- Back Tested with Real Variable Spread + $7 commission
- Back Tested with Execution Delay Slippage of 200 to 300 milliseconds
- Robustness Tested with 2000 Monte Carlo Simulation Runs of Trade Randomizations
- Using renowed state of the art back test software Birt's Tick Data Suite Version 2.2.4.0.
Before you buy any EAs out there, please make an effort to do a proper back test.
Buying an EA without doing proper back testing is like dumping your money into the sea.
Start doing yourself a favour, spend your money wisely, learn to do a 99% back test.
Perform all your back tests with Real Tick Data, Real Spread, and Commission.
Perform robustness tests like Execution Delay Slippage and Trade Randomization.
Simulate a realistic test as close to live trading conditions as possible.
GRID HERO V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook: myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Chock Hwee Ng
Project Volas EA - Live Signal Published
Upon many requests for a Live Signal for Project Volas, I've just published it for public viewing:
https://www.mql5.com/en/signals/255158
Upon many requests for a Live Signal for Project Volas, I've just published it for public viewing:
https://www.mql5.com/en/signals/255158
Chock Hwee Ng
Project Volas Myfxbook Portfolio (fully verified) - As of 28 Jun 2017:
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas V3 Release Notes: https://www.mql5.com/en/blogs/post/687210
Project Volas Live SIgnal: https://www.mql5.com/en/signals/255158
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas V3 Release Notes: https://www.mql5.com/en/blogs/post/687210
Project Volas Live SIgnal: https://www.mql5.com/en/signals/255158
Chock Hwee Ng
Today's profit by Project Volas +10.6%!!!
Just today alone Project Volas has up my account by 10.6% - see all trades in screenshot below.
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas V3 Release Notes: https://www.mql5.com/en/blogs/post/687210
Project Volas Live SIgnal: https://www.mql5.com/en/signals/255158
Just today alone Project Volas has up my account by 10.6% - see all trades in screenshot below.
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas V3 Release Notes: https://www.mql5.com/en/blogs/post/687210
Project Volas Live SIgnal: https://www.mql5.com/en/signals/255158
Chock Hwee Ng
Project Volas Myfxbook Portfolio (fully verified) - As of 27 Jun 2017:
Account Type: Real ECN Pro
Commission: $4 round trip per standard lot
Starting Deposit: $100
Symbol: EURUSD
Time Frame: M5
EA Version: 3.1 (with Pyramiding Algorithm)
Delayed Monday Start Time: 02:00
Early Friday Close Time: 21:00 (Close all trades on Friday Close)
All other EA settings as default
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas V3 Release Notes: https://www.mql5.com/en/blogs/post/687210
Account Type: Real ECN Pro
Commission: $4 round trip per standard lot
Starting Deposit: $100
Symbol: EURUSD
Time Frame: M5
EA Version: 3.1 (with Pyramiding Algorithm)
Delayed Monday Start Time: 02:00
Early Friday Close Time: 21:00 (Close all trades on Friday Close)
All other EA settings as default
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas V3 Release Notes: https://www.mql5.com/en/blogs/post/687210
· 1
Chock Hwee Ng
Why should you consider GRID HERO EA?
Here are your reasons (It's time to be realistic with your back tests):
- Back Tested over 13 years from 2004 to 2017
- Back Tested using Real Tick Data (99% modelling quality)
- Back Tested with Real Variable Spread + $7 commission
- Back Tested with Execution Delay Slippage of 200 to 300 milliseconds
- Robustness Tested with 2000 Monte Carlo Simulation Runs of Trade Randomizations
- Using renowed state of the art back test software Birt's Tick Data Suite Version 2.2.4.0.
Before you buy any EAs out there, please make an effort to do a proper back test.
Buying an EA without doing proper back testing is like dumping your money into the sea.
Start doing yourself a favour, spend your money wisely, learn to do a 99% back test.
Perform all your back tests with Real Tick Data, Real Spread, and Commission.
Perform robustness tests like Execution Delay Slippage and Trade Randomization.
Simulate a realistic test as close to live trading conditions as possible.
GRID HERO V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook: myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Here are your reasons (It's time to be realistic with your back tests):
- Back Tested over 13 years from 2004 to 2017
- Back Tested using Real Tick Data (99% modelling quality)
- Back Tested with Real Variable Spread + $7 commission
- Back Tested with Execution Delay Slippage of 200 to 300 milliseconds
- Robustness Tested with 2000 Monte Carlo Simulation Runs of Trade Randomizations
- Using renowed state of the art back test software Birt's Tick Data Suite Version 2.2.4.0.
Before you buy any EAs out there, please make an effort to do a proper back test.
Buying an EA without doing proper back testing is like dumping your money into the sea.
Start doing yourself a favour, spend your money wisely, learn to do a 99% back test.
Perform all your back tests with Real Tick Data, Real Spread, and Commission.
Perform robustness tests like Execution Delay Slippage and Trade Randomization.
Simulate a realistic test as close to live trading conditions as possible.
GRID HERO V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook: myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Chock Hwee Ng
Grid Hero V5 - 13 Years Back Test Video (2004 - 2017)
https://youtu.be/QuWqw2OY8ps
Back Test Highlights:
Enabled Execution Delay Slippage (minimum 200ms to maximum 300ms)
Using Dukascopy Real Tick Data (Jan 2004 to Jun 2017)
Enabled Real Variable Spread
Included $7 Round Trip Commission per standard lot
99.00% Modelling Quality
Using Birt's Tick Data Suite Version 2.2.4.0
EA Parameters Highlights:
Enabled Full Auto Lot Sizing
Enabled Spread Filter (2 pips)
All other EA settings as default
https://youtu.be/QuWqw2OY8ps
Back Test Highlights:
Enabled Execution Delay Slippage (minimum 200ms to maximum 300ms)
Using Dukascopy Real Tick Data (Jan 2004 to Jun 2017)
Enabled Real Variable Spread
Included $7 Round Trip Commission per standard lot
99.00% Modelling Quality
Using Birt's Tick Data Suite Version 2.2.4.0
EA Parameters Highlights:
Enabled Full Auto Lot Sizing
Enabled Spread Filter (2 pips)
All other EA settings as default
Chock Hwee Ng
GRID HERO - This week's full trades transactions 19 to 23 Jun 2017 (see screen capture below):
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
The type of breakout candles that Project Volas EA will trade:
Here is a simple close-up illustration from 14 Jun M5 chart of EURUSD, to give you a visual of the type of breakout candles that Project Volas traded on that day.
Project Volas is not trend biased, hence it is able to react quickly to a fast change in the momentum direction like what happened on 14 Jun as shown in the screenshot below.
On 14 Jun, the EA traded the upside momentum when the upside candle is forming, and then 6 hours later the EA again traded the downside momentum when the downside candle is forming.
It is worth noting that the EA entered the market when the strong candle was still forming (not closed yet) and that is because right after the strong candle was closed, the momentum simmered down.
You can see it from the screenshot below, all the candles that followed after the strong candle were shorter, which basically translates to weaker momentum which was time to be out of the market.
It is important for breakout EA to be able to detect fast price action movement without lag, and to only enter the market when the momentum is strong.
Hope this gives you a better picture on the type of candles or price action that Project Volas EA is hunting for.
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas Release Notes: https://www.mql5.com/en/blogs/post/687210
Here is a simple close-up illustration from 14 Jun M5 chart of EURUSD, to give you a visual of the type of breakout candles that Project Volas traded on that day.
Project Volas is not trend biased, hence it is able to react quickly to a fast change in the momentum direction like what happened on 14 Jun as shown in the screenshot below.
On 14 Jun, the EA traded the upside momentum when the upside candle is forming, and then 6 hours later the EA again traded the downside momentum when the downside candle is forming.
It is worth noting that the EA entered the market when the strong candle was still forming (not closed yet) and that is because right after the strong candle was closed, the momentum simmered down.
You can see it from the screenshot below, all the candles that followed after the strong candle were shorter, which basically translates to weaker momentum which was time to be out of the market.
It is important for breakout EA to be able to detect fast price action movement without lag, and to only enter the market when the momentum is strong.
Hope this gives you a better picture on the type of candles or price action that Project Volas EA is hunting for.
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas Release Notes: https://www.mql5.com/en/blogs/post/687210
Chock Hwee Ng
GRID HERO - This week's full trades transactions 12 to 16 Jun 2017 (see screen capture below):
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
News Filter is no longer required for Grid Hero EA...
In case you've missed out my previous posts, this is just a reminder that News Filter is no longer required for Grid Hero Version 4,5, and onward versions.
The latest versions of Grid Hero come with an enhanced core algorithm that performs well even without News Filter.
Nonetheless, you can still enable it if you want to, and it is basically an optional feature now and entirely up to individual preference.
For your info, I've disabled News Filter on all my Grid Hero signals.
Grid Hero's Background and Reasons Why You Should Check It Out:
Grid Hero was thoroughly tested and passed the following stringent back test conditions:
1) Real Tick Data Test with Real Variable Spread + $7 round trip commission factored into the back test
2) Robustness Test by Quant Analyser with 2000 simulations runs on trade randomization (screenshots in FAQ).
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Regards,
Dave
In case you've missed out my previous posts, this is just a reminder that News Filter is no longer required for Grid Hero Version 4,5, and onward versions.
The latest versions of Grid Hero come with an enhanced core algorithm that performs well even without News Filter.
Nonetheless, you can still enable it if you want to, and it is basically an optional feature now and entirely up to individual preference.
For your info, I've disabled News Filter on all my Grid Hero signals.
Grid Hero's Background and Reasons Why You Should Check It Out:
Grid Hero was thoroughly tested and passed the following stringent back test conditions:
1) Real Tick Data Test with Real Variable Spread + $7 round trip commission factored into the back test
2) Robustness Test by Quant Analyser with 2000 simulations runs on trade randomization (screenshots in FAQ).
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Regards,
Dave
· 1
Chock Hwee Ng
Yesterday's FOMC Press Conference at 21:30hrs (GMT+3) - More profits by Project Volas EA
Project Volas continued to rake in more profits from yesterday's FOMC Press Conference at 21:30hrs (GMT+3).
Please refer to the screenshot below for the trade transactions details.
All the above trade transactions were opened and closed within a flash of 2 minutes as you can see from the Open Time and Close Time for each individual trade.
In fact the trade open time ranged from as quick as 10 seconds to 31 seconds, and this is what I like to call genuine scalping. So overall just yesterday alone from the 2 small pockets of time window of news event, the EA made a good 7.63% gain.
This is how the EA works, it doesn't trade often, with little losses at times, but all the EA need is opportunities like these to rake in profits that easily outweighed the little losses.
And this latest version of Project Volas comes with a hybrid form of Pyramiding algorithm which has proved to work extremely well for the EA - a very successful enhancement compared to the earlier versions.
Remember patience is essential for this EA, and you will be rewarded.
Again I hoped you've caught this FOMC moment as well and banked in more profits yesterday.
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas Release Notes: https://www.mql5.com/en/blogs/post/687210
Project Volas continued to rake in more profits from yesterday's FOMC Press Conference at 21:30hrs (GMT+3).
Please refer to the screenshot below for the trade transactions details.
All the above trade transactions were opened and closed within a flash of 2 minutes as you can see from the Open Time and Close Time for each individual trade.
In fact the trade open time ranged from as quick as 10 seconds to 31 seconds, and this is what I like to call genuine scalping. So overall just yesterday alone from the 2 small pockets of time window of news event, the EA made a good 7.63% gain.
This is how the EA works, it doesn't trade often, with little losses at times, but all the EA need is opportunities like these to rake in profits that easily outweighed the little losses.
And this latest version of Project Volas comes with a hybrid form of Pyramiding algorithm which has proved to work extremely well for the EA - a very successful enhancement compared to the earlier versions.
Remember patience is essential for this EA, and you will be rewarded.
Again I hoped you've caught this FOMC moment as well and banked in more profits yesterday.
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas Release Notes: https://www.mql5.com/en/blogs/post/687210
Chock Hwee Ng
Grid Hero Version 5.0 has been published and is now available for download!!!
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Version 5.0 Release Notes - Published on 14 June 2017:
- Added Auto Lot Sizing feature
The Release Notes and Set File are also updated in the GRID HERO FAQ.
Refer to screen shot below for Grid Hero Version 5.0 Back Test (with Auto Lot Sizing enabled) from 2004 to 2017 using Birt's Tick Data Suit with Real Tick Data, Real Spread + $7 round trip commission.
Safe trading...
Regards,
Dave
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Version 5.0 Release Notes - Published on 14 June 2017:
- Added Auto Lot Sizing feature
The Release Notes and Set File are also updated in the GRID HERO FAQ.
Refer to screen shot below for Grid Hero Version 5.0 Back Test (with Auto Lot Sizing enabled) from 2004 to 2017 using Birt's Tick Data Suit with Real Tick Data, Real Spread + $7 round trip commission.
Safe trading...
Regards,
Dave
· 1
Chock Hwee Ng
Today's USD News at 15:30 (GMT+3) - Another good day for Project Volas!!!
Today is another good day for Project Volas with the following breakout trades beautifully executed by the EA within a short span of 5 minutes from the news release time at 15:30 (GMT+3).
Please refer to screen shot below for today's trades transaction - all profit trades and no loss trades.
Check out the enter and exit time for each trade which illustrates how quick the EA scalps the market.
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas Release Notes: https://www.mql5.com/en/blogs/post/687210
Today is another good day for Project Volas with the following breakout trades beautifully executed by the EA within a short span of 5 minutes from the news release time at 15:30 (GMT+3).
Please refer to screen shot below for today's trades transaction - all profit trades and no loss trades.
Check out the enter and exit time for each trade which illustrates how quick the EA scalps the market.
Project Volas Product Page: https://www.mql5.com/en/market/product/18987
Project Volas Release Notes: https://www.mql5.com/en/blogs/post/687210
· 1
Chock Hwee Ng
UK GENERAL ELECTION UPDATE - RESUMING TRADING ON GRID HERO SIGNALS:
I've resumed trading on all my Grid Hero Signals.
I hope you've stayed safe thru out this election.
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Safe trading...
Dave
I've resumed trading on all my Grid Hero Signals.
I hope you've stayed safe thru out this election.
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Safe trading...
Dave
· 1
Chock Hwee Ng
UK GENERAL ELECTION 2017 - GBPUSD's big drop:
Today's GBPUSD chart explained it all with a sharp drop of 230 pips in a single M5 candle - an unexpected outcome from the UK election.
Theresa May's election strategy has backfired as she has failed to secure enough seats to form the majority government, which left the UK with a hung parliament.
This is a shocking outcome which is clearly unexpected by most, and the market sentiment was well reflected in today's GBPUSD chart - a 230 pips drop in a single M5 candle right at 00:00hrs (GMT+3) of today.
Such disastrous and unexpected outcome is the reason why I chose not to trade during such major event and I was right, although the impact was more subtle for EURUSD which is the pair traded by my EAs.
So if you've been observing the other EAs in the MQL market, there are quite a number of popular EAs that took a pretty hefty draw down due to this event.
That is why I usually recommend traders to pause all your trading activity prior to such event and wait out till the market sentiment normalizes.
These major events are very good examples of times when we should intervene the EA to pause trading, and wait by the side line until the tide is over.
However that doesn't mean that we should always be intervening with our EAs frequently, because it defeats the purpose of automating your trading with EAs.
All my EA products are 100% automated, and we should just let the EA do what it is supposed to do and allow the algorithm to work itself out.
Major events like this UK election, the last 2 rounds of French election, Brexit, Grexit, and the US Presidential Election, were exceptions in which we should intervene and pause the EA.
Otherwise we should just let the EA do its job while you sleep - the beauty of automated trading: no screen time, no emotional roller coaster, more sleep and play time.
Anyway as we're waiting for the market to normalize, use the weekend to spend some time with your family and love ones.
I'll update here in this comments section again when I resumed trading with Grid Hero.
Have a lovely weekend...
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Regards,
Dave
Today's GBPUSD chart explained it all with a sharp drop of 230 pips in a single M5 candle - an unexpected outcome from the UK election.
Theresa May's election strategy has backfired as she has failed to secure enough seats to form the majority government, which left the UK with a hung parliament.
This is a shocking outcome which is clearly unexpected by most, and the market sentiment was well reflected in today's GBPUSD chart - a 230 pips drop in a single M5 candle right at 00:00hrs (GMT+3) of today.
Such disastrous and unexpected outcome is the reason why I chose not to trade during such major event and I was right, although the impact was more subtle for EURUSD which is the pair traded by my EAs.
So if you've been observing the other EAs in the MQL market, there are quite a number of popular EAs that took a pretty hefty draw down due to this event.
That is why I usually recommend traders to pause all your trading activity prior to such event and wait out till the market sentiment normalizes.
These major events are very good examples of times when we should intervene the EA to pause trading, and wait by the side line until the tide is over.
However that doesn't mean that we should always be intervening with our EAs frequently, because it defeats the purpose of automating your trading with EAs.
All my EA products are 100% automated, and we should just let the EA do what it is supposed to do and allow the algorithm to work itself out.
Major events like this UK election, the last 2 rounds of French election, Brexit, Grexit, and the US Presidential Election, were exceptions in which we should intervene and pause the EA.
Otherwise we should just let the EA do its job while you sleep - the beauty of automated trading: no screen time, no emotional roller coaster, more sleep and play time.
Anyway as we're waiting for the market to normalize, use the weekend to spend some time with your family and love ones.
I'll update here in this comments section again when I resumed trading with Grid Hero.
Have a lovely weekend...
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Regards,
Dave
Chock Hwee Ng
GRID HERO - This week's full trades transactions 5 to 9 Jun 2017 (see screen capture below):
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
This week we finished off the week early prior to the UK General Election, hence trade volume is lesser than usual.
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
This week we finished off the week early prior to the UK General Election, hence trade volume is lesser than usual.
Chock Hwee Ng
IMPORTANT NEWS ALERT: UK GENERAL ELECTION 2017 on 8 June >> To Pause Trading:
Today 8 Jun is the polling day of the UK Election, followed by the counting of votes the day after on 9 Jun.
As what I always do for such major event, I've paused trading on all my Grid Hero signals and finishing off early for the week. I'll monitor the election news as well as the market on Monday to assess when to resume trading.
I would recommend you to do the same as well, and then look out for my update in this forum when I resume trading.
Instructions to stop EA trading before the event:
1) Disable "AutoTrading" on your MT4
2) Then manually close all opened trades (if any)
Instructions to resume EA trading after the event:
After the event, just enable back "AutoTrading" on your MT4 to resume trading.
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Safe trading...
Dave
Today 8 Jun is the polling day of the UK Election, followed by the counting of votes the day after on 9 Jun.
As what I always do for such major event, I've paused trading on all my Grid Hero signals and finishing off early for the week. I'll monitor the election news as well as the market on Monday to assess when to resume trading.
I would recommend you to do the same as well, and then look out for my update in this forum when I resume trading.
Instructions to stop EA trading before the event:
1) Disable "AutoTrading" on your MT4
2) Then manually close all opened trades (if any)
Instructions to resume EA trading after the event:
After the event, just enable back "AutoTrading" on your MT4 to resume trading.
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Safe trading...
Dave
Chock Hwee Ng
Grid Hero Version 4.0 new 13 YEARS Back Test Report from 2004 to 2017 (99.00% Modelling Quality)
This is a 99.00% modelling quality back test conducted using Birt's Tick Data Suit (V2) with Real Tick Data, Real Variable Spread + $7 round trip commission per standard lot - See Screen Capture below.
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
This is a 99.00% modelling quality back test conducted using Birt's Tick Data Suit (V2) with Real Tick Data, Real Variable Spread + $7 round trip commission per standard lot - See Screen Capture below.
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng