Two trades on my demo account today @10 pips each!
1
Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
Indicators and Rules for Simple Method of Scalping GBP/Jpy on 5 min chart 18 replies
1M & 5M Scalping System (Scalping Paradise) 21 replies
Simple Scalping System 64 replies
xPip Simple Scalping 27 replies
DislikedJust to say that I've had a modicum of success last couple of days with this "tweak". I changed the BB standard deviation to 2.5 and when a signal is generated I wait until price goes lower/higher than the signal bar and enter there. Not as many signals are generated but the ones that are seem to be better quality.Obviously the rules still apply and I don't just trade because a signal was generated. I'll have a look over the next week and see if its consistent. Good luck everyoneIgnored
Disliked{quote} Thanks Jenx for this system, I've been following the forum and trying it on demo, I use it with the following rules: *Indis on your original settings. For long trades: 1. Price under Lower BB 2. 120 SMMA over Upper BB 3. 120 SMMA should be over Upper BB for at least 10 candles 4. Upper BB - Lower BB > 10 pips 5. To take trade check PA and open trade when price surpasses high of the signal candle. Also fewer signals but a lot better, although PA is critical in taking trades. For shorts is the opposite. Also, about the scalping mentality I...Ignored
DislikedWeek 1 results trading G/U U/J and E/J on a real micro account 16 trades, 10W (8.7 pips avg) and 6L (6.5 pips avg) 48 pips profit total (7.5% account growth) Acc size on monday: £91.33 Acc size on friday: £ 98.15 So far so good!Ignored
Disliked{quote} Try to aim higher TP for your wins to get a better RR. Price action really helps when you have good entries using this strategy. For instance, during long trades when you see price breaking the upper BB band with strong signals (using Price action or candlestick analysis) then bouncing off the middle BB band, it does not make sense to sell when you can aim for at least 20-30 pips. This occurs quite often during volatile session like the NY London overlap. Moreover, like Jenx said, when you know Price Action you could sense that sometimes...Ignored
Disliked{quote} interresting answer, thx. i see it different. i prefer a higher winrate, like 80%-90% making +8,10,12 or seldom +15 pips. i dont really care about RR. when i have 20-30 pips/day (from 2-3 trades) then i change to very conservative trading mode for the rest of the day or turn off my computer. to get 20-30 pips from a single trade is nice, but there are days when the market only gives you 10 pips. in other words: psychology is for me more important than mathematics. its just my way of thinking i feel comfortable.Ignored
Disliked{quote} Thanks Jenx for this system, I've been following the forum and trying it on demo, I use it with the following rules: *Indis on your original settings. For long trades: 1. Price under Lower BB 2. 120 SMMA over Upper BB 3. 120 SMMA should be over Upper BB for at least 10 candles 4. Upper BB - Lower BB > 10 pips 5. To take trade check PA and open trade when price surpasses high of the signal candle. Also fewer signals but a lot better, although PA is critical in taking trades. For shorts is the opposite. Also, about the scalping mentality I...Ignored
DislikedWould you guys trade 1 lot for this strategy? Silly question, but just curious of how you guys would scalp.Ignored
Disliked{quote} Thanks. I like the the BB gap size thing, but correct me if I'm wrong, does your modification not generate signals upside down to what they should be?Ignored
Disliked{quote} Hi. I don't know how experienced you are at trading but if you are relatively new, no way should you yet be trading whole lots or more, even if you are sufficiently capitalised. It takes a certain psychological approach that comes with experience to comfortably trade, and more importantly, take losses using these sizes of trades. I would recommend starting with micro lots and work your way up slowly building your risk acceptance/ tolerance levels.Ignored
Disliked{quote} Not very experienced, but I'm just curious how many lots experienced scalpers trade on a regular basis?Ignored
DislikedHello all. Simple scalping. Thought I'd share the strategy I use. Scalping suits me. I'd rather be out of the market more often than in it. 1 Min chart, Any pair, low spread. Bollinger bands 25:2:Close Smoothed MA 120 High Smoothed MA 120 Low The double MAs are handy when price is there. Stops you wondering where price is closing and gives a bit of a buffer. Direction- BB ma in relation to main MAs Sell off upper band TP lower band. Vice versa for long If market is sideways, still valid but better value when MAs start to trend. Keep an eye on major...Ignored
Disliked{quote} I guess they do, but I'm seeing great results and in my review of past market it works well also. Not really sure why, anyways thanks for replying and keep up the good work.Ignored
DislikedJenx, thanks for sharing your scalping idea. It refreshened my attitude towards scalping. It is some weeks that I use it and I am happy. My twist of it: 1. I use an indicator "Buyers_Sellers_Indicator" that gives me an idea of the TP, aside waiting for a signal in the opposite direction 2. when I open a trade I apply an EA that starts martingale orders if the trade goes wrong. Until now it never went beyond the third level In this way I have never had a loss!Ignored
DislikedTextbook trade. Just few minutes ago. Waited patiently for the right moment. I used the new 2.5 Standard deviation the Jenx recommended last friday. Gave me a good signal for instant 10 pips profit. Though it was quite a risky trade as I sold into support but in my opinion, support was already broken {image}Ignored