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Powerful 1 Min Scalping System (Fx Prime)

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  • Post #1
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  • First Post: Edited Oct 22, 2008 4:46pm Oct 12, 2008 11:57am | Edited Oct 22, 2008 4:46pm
  •  Canadian_Dude
  • | Membership Revoked | Joined Sep 2008 | 477 Posts
Hello everyone, I am quite new to this amazing forum but I have been lurking here for the past 6 months just reading and reading and reading, some of you on this board are just amazing. I learned lots and built a very strong and reliable system within the last 6 months that has given me about 80% accurate scalping trades. I would like to share this system with you and also hope that we can start helping each other to make this system even more powerful.


(Fx Prime 1 Minute Scalping System)


Trade between 3am est time till 11am est time
S/L 10 pips Take Profit will be explained


ONLY USE THE INDICATORS AND TEMPLATE IN
THIS POST! IT IS THE FINAL ONE!!


After Templates Are Installed And You Have Read The Method Go To The Video Below To Learn How To Trade This Method!


-----> http://www.LearnFxPrime.com <-----





"LIVE 24 Hour FX PRIME CHAT ROOM NOW AVAILABLE (Unlimited Users!)"


WELL GUYS after being private messaged about 30 times asking for a chatroom to have live trading and talk FX Prime I have finally gave in an opened up a chatroom. Here is the information.

I will be giving out my trade by trade signals and give out tons of great pointers as to how to use the Fx Prime System. Live trading will take place from 5am Est time till 8am est time. I will be lurking in there alot during evenings as well so you can ask me questions and we can all help each other out.

I have really enjoyed helping all of you and hope I can do so for a long time!

May we all see many pips!

Click the link below for the live chat room!

http://www.learnfxprime.com


FINAL ENTRY SIGNAL RULES (NOT ON THE POST BELOW FOLLOW THIS HERE!)

Long Trade
CCI 170 Over the 0 Line showing uptrend MUST BE THE FIRST TO CROSS
CCI 34 Over 0 line as well showing uptrend MUST BE SECOND TO CROSS IN SAME DIRECTION
RSI over 55 <------ VERY IMPORTANT dont enter if its in between the 45-55 zone (45-55) IS DANGER DO NOT ENTER ZONE once it crosses in the same direction take the trade.

Short Trade
CCI 170 under 0 line showing down trend MUST CROSS FIRST
CCI 34 under 0 line showing down trend MUST CROSS SECOND
RSI under 45 same as above dont trade when in the 45-55 zone

**VERY IMPORTANT**

NEVER TRADE AGAINST THE 5 MIN TREND, IF ITS TRENDING DOWN AND ITS GIVING YOU AN UP SIGNAL DONT TAKE IT ITS A RETRACEMENT WHEN IT COMES DOWN AGAIN TAKE THE SIGNAL. LOOK FOR LOWER LOWS AND HIGHER HIGHS...

DOWNLOAD THE FINAL TEMPLATE AND INDICATORS RIGHT BELOW NOT ON POST #2!!!!
Attached File(s)
File Type: mq4 #SpudFibo.mq4   8 KB | 35,046 downloads | Uploaded Oct 19, 2008 10:11am
File Type: ex4 Heiken_Ashi_Smoothed.ex4   5 KB | 35,072 downloads
File Type: mq4 EJ_CandleTime.mq4   2 KB | 30,747 downloads | Uploaded Oct 18, 2008 5:50pm
File Type: tpl finaltemplate1minute.tpl   16 KB | 36,632 downloads | Uploaded Oct 18, 2008 5:59pm
File Type: tpl finaltemplate5minute.tpl   14 KB | 31,723 downloads | Uploaded Oct 18, 2008 5:59pm
File Type: mq4 DoublecciWoody.mq4   6 KB | 34,123 downloads | Uploaded Oct 19, 2008 2:13am
File Type: mq4 ###Auto Pivot.mq4   15 KB | 31,184 downloads | Uploaded Oct 19, 2008 10:58am
  • Post #2
  • Quote
  • Oct 12, 2008 11:59am Oct 12, 2008 11:59am
  •  Canadian_Dude
  • | Membership Revoked | Joined Sep 2008 | 477 Posts
Now here is the template and rules comming soon!
Attached File(s)
File Type: tpl fx_prime.tpl   27 KB | 22,184 downloads
 
 
  • Post #3
  • Quote
  • Edited 2:29pm Oct 12, 2008 12:09pm | Edited 2:29pm
  •  Canadian_Dude
  • | Membership Revoked | Joined Sep 2008 | 477 Posts
Alright here is how this great system works!

I trade this using EUR/USD and have not tested this with any other pair... I believe you need to learn and stick to one pair.

The first thing we have to understand is this. We look at the CCI 170 as this is our higher timeframe and we will only and I mean ONLY be trading in the DIRECTION of the CCI 170 as it will give us a good indication as to whats going on in the higher timeframe.

so here are entry signals

Long Trade
CCI 170 Over the 0 Line showing uptrend
CCI 34 Over 0 line as well showing uptrend
Heiken Ashi Turns Blue
RSI over 55 <------ VERY IMPORTANT dont enter if its in between the 45-55 zone (45-55) IS DANGER DO NOT ENTER ZONE once it crosses in the same direction take the trade.

Short Trade
CCI 170 under 0 line showing down trend
CCI 34 under 0 line showing down trend
Heiken Ashi turns red
RSI under 45 same as above dont trade when in the 45-55 zone

Important thing to remember: this system relies heavily on support resistance, fibs and pivot points so if near s/r lines wait to see if it crosses or uses it as resistance. Always follow the trend and look to buy and tops and bottoms.
 
 
  • Post #4
  • Quote
  • Edited Oct 13, 2008 9:41pm Oct 12, 2008 12:24pm | Edited Oct 13, 2008 9:41pm
  •  Canadian_Dude
  • | Membership Revoked | Joined Sep 2008 | 477 Posts

Example Trades




TRADE A (Short)


On trade A we see both the cci's are under 0 we also see that the Heiken Ashi changes colour and we see that that line now becomes resistance also RSI is under the 45 we take the trade and exit when Heiken Ashi turns blue or CCI 34 is showing weakness and crosses back under the 0 line.


Trade B (Long)


Again another wonderful trade as we see its hitting the resistance line and is ready to go up. You see both CCIs are over 0 and rsi is over 55. We exit when cci goes back under 0.

*** On the above chart there is one more signal that could of been traded after reading the rules try fo find it!!!*** would of given you another 15-20 pips! **


LET ME KNOW WHAT YOU THINK!~

Attached Image (click to enlarge)
Click to Enlarge

Name: 23uuexs.jpg
Size: 129 KB
 
 
  • Post #5
  • Quote
  • Oct 12, 2008 1:24pm Oct 12, 2008 1:24pm
  •  dkhinckley
  • | Joined Oct 2007 | Status: aka &quot;Piprover&quot; | 108 Posts
Hi Roger, Thanks for sharing.

I downloaded all the indicators and the template. When i applied the template to the chart the T3-RSI doesn't show up. Could you give the settings please.
I can add the levels easy enough but it still doesn't look like yours.

Thanks
Dave
Is it Break Time yet?
 
 
  • Post #6
  • Quote
  • Oct 12, 2008 1:40pm Oct 12, 2008 1:40pm
  •  Canadian_Dude
  • | Membership Revoked | Joined Sep 2008 | 477 Posts
Sure settings for T3 RSI ARE
RSI PERIOD 14
T3 PERIOD 8
T3 cultative 0.618

then go to imputs and add the 55 and 45 levels its all you need really.

Put the t3 to the color of your background you dont need it...

You could just use the regular RSI in metatrade add the rsi to 14 and add the 45-55 levels

Thanks
Roger
 
 
  • Post #7
  • Quote
  • Oct 12, 2008 2:21pm Oct 12, 2008 2:21pm
  •  parsfx
  • Joined Oct 2007 | Status: price action trader | 370 Posts
Thanks for sharing ur system.
which pairs use? only EU?
Persian Gulf forever
 
 
  • Post #8
  • Quote
  • Oct 12, 2008 2:25pm Oct 12, 2008 2:25pm
  •  Canadian_Dude
  • | Membership Revoked | Joined Sep 2008 | 477 Posts
Yes buddy I only use EUR/USD as I enjoy how they fluctuate especially in the 3am-11am est time...
 
 
  • Post #9
  • Quote
  • Oct 12, 2008 4:29pm Oct 12, 2008 4:29pm
  •  Flamenco143
  • | Joined Apr 2007 | Status: Stupidity is expensive! | 432 Posts
Your name 'Canadian Dud' isn't going to instill much confidence in your system! LOL!

According to Webster, Dud means 'one that fails completely'.

Did you mean to call yourself 'Canadian DUDE''?
 
 
  • Post #10
  • Quote
  • Oct 12, 2008 4:39pm Oct 12, 2008 4:39pm
  •  Canadian_Dude
  • | Membership Revoked | Joined Sep 2008 | 477 Posts
yeah little miss type there help!!! lol
 
 
  • Post #11
  • Quote
  • Oct 12, 2008 4:40pm Oct 12, 2008 4:40pm
  •  GermanTrader
  • | Joined Jul 2008 | Status: Member | 14 Posts
Thx for sharing your system. Will test tomorrow. Could you please explain the stealth indicator?
 
 
  • Post #12
  • Quote
  • Oct 12, 2008 5:10pm Oct 12, 2008 5:10pm
  •  Flamenco143
  • | Joined Apr 2007 | Status: Stupidity is expensive! | 432 Posts
Quoting Canadian_Dud
Disliked
yeah little miss type there help!!! lol
Ignored
You might try PM'ing Merlin who's a Moderator/Administrator and see if you can make that correction easily. I'm sure he can help.

Now that I know you're not really a 'dud' I'm looking forward to your postings on this interesting scalping system!
 
 
  • Post #13
  • Quote
  • Oct 12, 2008 5:54pm Oct 12, 2008 5:54pm
  •  63ws
  • | Membership Revoked | Joined Sep 2008 | 10 Posts
Hi Dud,
can you please tell me where you found the indicator Stealth Earlybird V1.ex4 ? thanks
63ws
{Promotion Removed}
 
 
  • Post #14
  • Quote
  • Oct 12, 2008 5:56pm Oct 12, 2008 5:56pm
  •  Canadian_Dude
  • | Membership Revoked | Joined Sep 2008 | 477 Posts
the stealth was lying around on my pc, its pretty simple it just calculates the crossing of ema's and gives us a heads up as to when a trade might be comming up.

I will email merlin to see if he can help LOL
 
 
  • Post #15
  • Quote
  • Oct 12, 2008 6:17pm Oct 12, 2008 6:17pm
  •  jgadefelth
  • | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
When do we exit the trades that are in profit


best regards
 
 
  • Post #16
  • Quote
  • Oct 12, 2008 6:26pm Oct 12, 2008 6:26pm
  •  Canadian_Dude
  • | Membership Revoked | Joined Sep 2008 | 477 Posts
We exit when Heiken Ashi goes to another color or you can use the cci when it goes to the 0 line. Its up to you....

Roger
 
 
  • Post #17
  • Quote
  • Oct 12, 2008 10:02pm Oct 12, 2008 10:02pm
  •  Ronald Raygun
  • Joined Jul 2007 | Status: 32 y/o Investor/Trader/Programmer | 5,016 Posts
Looks interesting, although a lot of the indicators you posted don't seem to be necessary.
Attached File(s)
File Type: mq4 Fx Prime.mq4   13 KB | 9,486 downloads
 
 
  • Post #18
  • Quote
  • Oct 12, 2008 10:40pm Oct 12, 2008 10:40pm
  •  Desginer
  • | Joined Jan 2007 | Status: Back 2 Basics | 58 Posts
Quoting Ronald Raygun
Disliked
Looks interesting, although a lot of the indicators you posted don't seem to be necessary.
Ignored
It's an EA right ? Thanks, will test it.
 
 
  • Post #19
  • Quote
  • Oct 12, 2008 10:45pm Oct 12, 2008 10:45pm
  •  Ronald Raygun
  • Joined Jul 2007 | Status: 32 y/o Investor/Trader/Programmer | 5,016 Posts
Yep, it's an EA.
 
 
  • Post #20
  • Quote
  • Oct 12, 2008 10:47pm Oct 12, 2008 10:47pm
  •  Nomad
  • | Joined Jul 2008 | Status: Member | 15 Posts
Canadian Dud...might want to look up "dude" in the Websters too.
 
 
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