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New EA Oracle Scalper from AltraForex.com

3.30 star(s) 19 Votes
Hello, I post my results for week 25 + 26. The Broker is ICMarkets raw account Leverage 500:1
 

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Hello, the Oracle Scalper (oraclescalper.com) from AltraForex is a system consist of an indicator and a trade manager. To use this both must be installed. The indicator has settings for the filter when a buy or sell condition is met and you can define automatic or manual tp/sl. The trade manager has manual/semi auto/full automatic modes. In full automatic mode it execute buy or sell orders determined by the indicator. It just trade one order per currency pair and therefore it doesn't use martingale or averaging. The bad thing is you can't backtest it, only forward testing. I like to know if somebody use this and if we could share some settings. I'm testing this now for 6 weeks and improved my settings. The data is not enough to say if this positive trend continue, but it seems to be promising. The files I share are original files, not cracked. If somebody is interested or like to share some experience this would be great.
Wow souds pretty good!
 
Hello, the Oracle Scalper (oraclescalper.com) from AltraForex is a system consist of an indicator and a trade manager. To use this both must be installed. The indicator has settings for the filter when a buy or sell condition is met and you can define automatic or manual tp/sl. The trade manager has manual/semi auto/full automatic modes. In full automatic mode it execute buy or sell orders determined by the indicator. It just trade one order per currency pair and therefore it doesn't use martingale or averaging. The bad thing is you can't backtest it, only forward testing. I like to know if somebody use this and if we could share some settings. I'm testing this now for 6 weeks and improved my settings. The data is not enough to say if this positive trend continue, but it seems to be promising. The files I share are original files, not cracked. If somebody is interested or like to share some experience this would be great.
Hello, the Oracle Scalper (oraclescalper.com) from AltraForex is a system consist of an indicator and a trade manager. To use this both must be installed. The indicator has settings for the filter when a buy or sell condition is met and you can define automatic or manual tp/sl. The trade manager has manual/semi auto/full automatic modes. In full automatic mode it execute buy or sell orders determined by the indicator. It just trade one order per currency pair and therefore it doesn't use martingale or averaging. The bad thing is you can't backtest it, only forward testing. I like to know if somebody use this and if we could share some settings. I'm testing this now for 6 weeks and improved my settings. The data is not enough to say if this positive trend continue, but it seems to be promising. The files I share are original files, not cracked. If somebody is interested or like to share some experience this would be great.
Does anyone have more long-term results? How does it work?
 
A very interesting oracle scalper indicator. I have seen it work on YouTube. Has anyone made a good profit from this indicator?
 
Thanks, I'll let you know how it went after testing.
I'm just wondering how it's supposed to work if they sell this license - is it added to the account?
 
Hi guys, I want to explain why I think this EA might be useful. First it opens only one trade and if a stop loss is met it sold with a relative small loss. This loss is to control your risk. The drawdown is in general low because it doesn't do a grid or martingale with increased lot sizes. By diversification with different currency pairs you can setup a save long term growing strategy. The goal is to reach a permanent weekly profit factor >1.5 This is necessary to cover all trading costs and leave you a profit. The trading frquency depend on the timeframe. The shorter Timeframe increase trading frequency. I choose M15 because it seems to be most promising. With the timeframe, the TakeProfit and StopLoss settings change. The shorter Timeframes have a closer range compared to the longer Timeframes. The algorithm has the parameters (Period & Filter) which determine the entry point of the trade and the TP,SL settings. By changing these Parameters the trades on your chart change and you can manually verify by drawing lines in the chart how many pips would lead to a successful trade This is the only method to backtest or lets say tune the EA. I use the option to partially sell off a trade. The smallest lotsize for this is 0.02 and only even numbers can be used for small lots, example 0.04, 0.06, 0.08, etc. You can define two TP values, lets say 5 and 20 Pips. What it now do is if 5 pips are reached, i sell off 50% of the order, for example order 0.02 lot sold a part of 0.01 lot. The original price where the order was placed becomes now the breakeven point and when the price move from TP1 in that direction it sold the remaining 0.01 lot at a neutral price. If the price move in the predicted direction it sold at TP2 which is 20 pips. Depending on your risk you can use the TP1 as a security barrier. The stoploss can be set to a fixed value, determined by the algorithm or if a trend change is detected. By analysing my lost trades over the past weeks it seems that the SL was set too narrow by the algorithm. As like other scalping EA this setting is quite important. As a summary for now it is not a one click tool to get rich, but with improved settings I think this could work. In general the prediction of the trend is good and some fine tuning and patience is necessary. Once the parameters are tuned for the chart it is quite easy to generate larger amounts of profit by trading larger lots compared to other strategies.
 
I share some important indicators so that they can move forward and can serve them for what they need crash boom
 

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Hey everyone, I'm new to forex trading and looking for some advice. I've been reading about different strategies and indicators, but I'm still a bit confused. Any recommendations on where to start or which resources to check out? Also, any tips for managing risks? Thanks in advance!
 
Hello, the Oracle Scalper (oraclescalper.com) from AltraForex is a system consist of an indicator and a trade manager. To use this both must be installed. The indicator has settings for the filter when a buy or sell condition is met and you can define automatic or manual tp/sl. The trade manager has manual/semi auto/full automatic modes. In full automatic mode it execute buy or sell orders determined by the indicator. It just trade one order per currency pair and therefore it doesn't use martingale or averaging. The bad thing is you can't backtest it, only forward testing. I like to know if somebody use this and if we could share some settings. I'm testing this now for 6 weeks and improved my settings. The data is not enough to say if this positive trend continue, but it seems to be promising. The files I share are original files, not cracked. If somebody is interested or like to share some experience this would be great.
Intresting!
 

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