GET A Scalper EA 21 replies
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Coral - 5 Pip Scalper 11 replies
$ 2.4 Billion Scalper System 13 replies
While distracted on a conference call (on mute) and listening to music and running some analysis for work, I thought I'd spend 10 minutes scalping using MT to trade, but another platform for data and visual PA signals. I don't say this to blow my own horn, but to highlight the fact that even while distracted, using the correct tool has so many advantages. And yes it was only 10 minutes and not a viable sample to support my post, but then I'm only giving my opinion and anyone reading this will have to do the investigation for themselves.
DislikedThe tricky thing is not when to trade, its when NOT to trade.Ignored
DislikedThat is the "key" right there for consistent profits I believe.
Any outcome is 50/50. All systems "work" 50% of the time.
The only way that i currently know of to sway odds in your favor is through:
1) risk management.
2) knowing what conditions/parameters/events increase odds. I.e. knowing when not to trade.
DislikedLike dont trade when tired, angry, hungry and so on.Ignored
Believe it or not, in Asian, London and US trading, these very short term scalping areas exist almost every minute, with the position almost always closing in the same or next minute.
I'll try and find some time to show some examples, but don't hold your breath. Life is like a box of chocolates, there's not enough time to eat them.
DislikedOr trade where there is a higher probability of a vacuum of orders or even better, trade where there is a higher probability of orders opening positions in your direction. Simply logical I know and a bit of a non comment, but so many fail to read the obvious.
Scalping is about:
- knowing where these areas are
- opening positions on instinct without hesitation
- closing at first sign of resistance
- or being ruthless with your SL (based on price action not fixed SL).
DislikedAs opposed to today when i just cant seem to understand we are at a fuckrange where only fucktards try to trade at all. At least if they suck as much as i did today...Ignored
DislikedI am thinking about doing something totally crazy tomorrow: Trading like a friggin maniac with multiple positions and if at any point i get to -200 pip on open positions i close the whole thing down and go drink coffee or something instead.Ignored
DislikedAs a fellow scalper, who is prone to "blow-ups" (I dropped -55% in March),
...I'd say take a day or two off... get that coffee...maybe a movie...
...followed by a nice dinner... and a few beers...
...and come back next week.Ignored
DislikedI am thinking about doing something totally crazy tommorrow: Trading like a friggin maniac with multiple positions and if at any point i get to -200 pip on open positions i close the whole thing down and go drink coffee or something instead.Ignored
Be careful of underfunding, please! Brokers like it to pull the price.
I make the same sometimes exclusively with one of my "high risk trade account"!
I wish you success & happiness!
DislikedWatching Silver and EURUSD at M1/M5/M15 currently and perform the "open order mangement" (OOM).Ignored