DislikedBased on your system is the diagram below correct where I should enter the trade and exit, and take my first TP at 5 pips.Ignored
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DislikedBased on your system is the diagram below correct where I should enter the trade and exit, and take my first TP at 5 pips.Ignored
Dislikedyou're not using my template but as I checked on my template it's right, the entry point is on 1.3767, but in my chart the candle is near the open of the day, I wait till the price break that level but I see the open of the day on your chart is some pips away and you already passed that level at entry and you're right. I think the difference is because the time of the brokers, are you using THV4 TzPivotsD (Black) as your fibo pivot indicator? because I thought the time problem was solved with this indicator.Ignored
DislikedHi King
Nice Trading.
With regards to exiting, I tend to monitor the ADX. The ADX shows trend strength/exhaustion, this can give a good heads up for early exits and also for long trend.
With regards to checking the m15 for support and resistance, you can use the KG, S&R indi, this checks the major time frames and plots the point on the M1
You can get the indi
http://www.forexfactory.com/showpost...ostcount=21381
And see it in action here:-
http://www.forexfactory.com/showpost...ostcount=21388
it...Ignored
DislikedHi King
Nice Trading.
With regards to exiting, I tend to monitor the ADX. The ADX shows trend strength/exhaustion, this can give a good heads up for early exits and also for long trend.
With regards to checking the m15 for support and resistance, you can use the KG, S&R indi, this checks the major time frames and plots the point on the M1
You can get the indi
http://www.forexfactory.com/showpost...ostcount=21381
And see it in action here:-
http://www.forexfactory.com/showpost...ostcount=21388
it...Ignored
DislikedI'm doing a different strategy in opening and closing the trades,
as you see since I'm in 5 pip profit I breakeven, I don't risk my profit, if the price goes on I take another 5 and I put 5pip trailing stop, it means the stop is placed at the first TP point, if the price continues we have more profit and if it comes beck the trade is closed with another 5 pip with the rest of lot size that we have.
Anyway I think the system is more profitable in this way, because sometimes after getting 5 pips the price comes back and goes in loss and that affects...Ignored
DislikedPerhaps a coder here on FF could assist you putting the scalp method in EA Form? Seems it would be easier to test set performance if an EA.
Atlas1Ignored
DislikedHi Atlas1,
I thought about that matter too, but as in this method we should be aware of supports and resistances, psych levels, fibo pivots and other things like that, I think it would be better trade manually.
I know they can code all the above things in an EA but I'm not sure it would work like manual trading, anyway maybe someone can do it better than I think, I appreciate if someone code an EA for us.Ignored
DislikedActually there is an EA already built with a host of features, including pivots, S&R, news,
With :
Trix, ADX, EMAs, Daimani Volatmeter, all in MTF mode, with advance MM features. It was originally coded by Xux99, and most recently by myself. I could never get it to work consistently for my liking tho i had some success.
There is a an installer and some presets for you to play with. Some guys have gotten it to work.
Main Installer - read from this page forward
[url="http://www.forexfactory.com/showpost.php?p=4078477&postcount=3426"]Update...Ignored
DislikedYes I too enjoy trading this system on M1-M5
is there a EA or indicator that can
compare last 2 candles
like a movement of price 5-15 pips
then the ea buys or sells (in same or op direction)
Regards DavrosIgnored