DislikedI developed my own version based on Jenx strategy. Maybe for somebody it should be interesting. {image}Ignored
- Joined Aug 2010 | Status: absolute beginner | 4,578 Posts | Online Now
successful trading requires patience&discipline
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
DislikedI strongly believe that historical data increases my confidence in using this strategy as my main trading method. Would love to your responses.Ignored
Disliked{quote} Evidence from historical data increases anyone's confidence in using any strategy as their main trading method. This is a great strategy, based on entirely sound underlying principles. You can gain as much evidence from it as you want, with historical data, by manual backtesting. But since its overall edge (just like the overall edge of other successful strategies) stems from the subjective interpretation of price action parameters, you can't automate that. If you automate the backtesting, it won't show overall profits, and you'd therefore...Ignored
DislikedSorry if it sounds pompous or pedantic, but it isn't possible to make long-term profits - from this excellent strategy or from any other - without understanding this.Ignored
Disliked{quote} Well said. Subjectivity is the essence of this method however I have spent the last few days trying to exactify a set of entry rules using pending orders based on our bias orientated signals and our method of identifying S/R. Its just starting to come together and is looking very promising however I will need to do quite a bit more live, forward testing to validate and exactify the rules.Ignored