DislikedHow easy is this to follow.I have overlaid a MTF 15 minute signal to show the strength of the move and where its at in relation to direction. Works well.Ignored
Thanks
Andy
Woodies CCI with a 5 min scalping 50 replies
1M & 5M Scalping System (Scalping Paradise) 21 replies
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15 min indicator on 5 min chart 3 replies
DislikedHow easy is this to follow.I have overlaid a MTF 15 minute signal to show the strength of the move and where its at in relation to direction. Works well.Ignored
DislikedHere's another way I have been managing trades. I'm always watching the size of the previous moves. If there bouncing 10 to 15 pips a pop, I'm taking 10 pips a pop. But if after entering a trade it starts moving well. I'll lock in Break even 1st, then if the trade moves pretty good past 10 pips, I'll lock in my 10 pips and move stop from the base of each Heiken Ashi candle and just follow the move until i'm takin out. 1 bar at a time. Each red line on chart is a step that I would take with my stop lose. following the trade until I was takin out....Ignored
DislikedHi Barry,
Looks nice; Instead of looking for a last row in each indicator window, can we place all the one minute in one indicator window, and 5min, 10min, 30min and 1Hr indicator windows?. This could be more clear.
AntoIgnored
Dislikedmany times I have been stopped at break even.. after moving the stop to protect the entry... so.. instead of protecting the entry it just keeps you losing good opportunities to get a target. Maybe it could work in another system that opens trades in a more oversold or overbought situation but not in this system.Ignored
DislikedI would rather have a few break evens hit and be in the market with open trades when the market starts moving, then be left sitting on the side line with no trades open and watching a move. plus if this is a issue for you, instead of moving stop to break even, just bank the pips then. trust me 7 to 10 pips over and over add upIgnored
DislikedHello,
I am about 1 year old to trading forex and am looking for a 1min scalping system. I've read through most of this tread and it seems very promising.
My question: I would like some help in setting this up in a backtesting software such as Forex Tester. Does anyone have any experience in setting up this system in Forex Tester that can help me setup the indicators?Ignored
Dislikedlonger time frame trades on longer time frame charts need movement and should be traded when the market is know to move....were scalping. i completely avoid news. but have no issue with banking pips at all other times.Ignored
DislikedWell I see many people following up on this so called system
I would call it a concept not a system
a system has specific entry and exit rules, and no discretion based judgments
Discretion = guessing and u know where it can get you
I ran a few tick precise backtests on EUR/USD all in all out model and the results aren't good
the performance is no better then a random entry and exit
I experimented with many exit strategies CCI 100 line cross, HA turn,...Ignored
DislikedThat is one of the reasons that CD doesn't want to have EA talk here, the system has a clear enter criteria, but some fine tuninh is being done to not only filter out false signals to also get better exit points.
It's still a work in progress. But profitable as is for many of us.Ignored
DislikedWell I see many people following up on this so called system
I would call it a concept not a system
a system has specific entry and exit rules, and no discretion based judgments
Discretion = guessing and u know where it can get you
I ran a few tick precise backtests on EUR/USD all in all out model and the results aren't good
the performance is no better then a random entry and exit
I experimented with many exit strategies CCI 100 line cross, HA turn,...Ignored
DislikedIt does not have clear entry criteria the fib levels and pivots are subject to discretionIgnored