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Scalp the trend

  • #81
  • Nov 24, 2011 12:04pm Nov 24, 2011 12:04pm
Quoting ivanisevic
I may sound stupid, but how do you "follow the trend" when using this strategy? How do you filter the bad trades? Thanks.
We are not looking for BIG moves, fast in fast out. You try to scalp the little trend at this moment. As I posted before you can "ride" the main trend using other settings metioned in this thread.

Use your knowledge about price action and your brain to filter bad signals.
If you have ideas to improve the system you are welcome.

But I will upload a "new" template. Then you will only take trades with the main trend.

regards and green pips
dynel14
  • #82
  • Nov 24, 2011 12:24pm Nov 24, 2011 12:24pm
Quoting Aztrader2
Yes, it seems a nice system. I'm going to test it next week.

Just one question: Does the snake borders repaints?

Thanks!

yes, the issue of repainting exists...
  • #83
  • Nov 24, 2011 12:28pm Nov 24, 2011 12:28pm
Quoting dynel14
We are not looking for BIG moves, fast in fast out. You try to scalp the little trend at this moment. As I posted before you can "ride" the main trend using other settings metioned in this thread.

Use your knowledge about price action and your brain to filter bad signals.
If you have ideas to improve the system you are welcome.

But I will upload a "new" template. Then you will only take trades with the main trend.

regards and green pips
dynel14

Hi,

do you think it's possible to add some alerts? email alerts when all or some of the conditions are meet?

Let us know when the new template is ready

thank you
  • #84
  • Nov 24, 2011 12:32pm Nov 24, 2011 12:32pm
Quoting whatfx
yes, the issue of repainting exists...
Please read post 12 !!!
  • #85
  • Nov 24, 2011 12:34pm Nov 24, 2011 12:34pm
Quoting migmac
Hi,

do you think it's possible to add some alerts? email alerts when all or some of the conditions are meet?

Let us know when the new template is ready

thank you
Hi migmac,

unfortunately I have no idea how to do this, maybe you can ask some coders...

Yes I will.

welcome
  • #86
  • Nov 24, 2011 12:47pm Nov 24, 2011 12:47pm
Quoting dynel14
Please read post 12 !!!

so are you saying they repaint or dont repaint ?

because in my experience thery do...
  • #87
  • Nov 24, 2011 1:10pm Nov 24, 2011 1:10pm
Quoting whatfx
so are you saying they repaint or dont repaint ?

because in my experience thery do...
Had not thought that my english is so bad...

This version does NOT repaint. If you and others do not like the indicator then change to MACD with 12,26,9.

dynel14
  • #88
  • Nov 24, 2011 3:20pm Nov 24, 2011 3:20pm
thanks for sharing very nice work keep it up
  • #89
  • Nov 24, 2011 4:25pm Nov 24, 2011 4:25pm
The best filter to start with is time trading and frequency of trading. The hours traded need to be strict, it could be 3 hrs into London or just a few hrs in ny time. Whatever it is it must be th asame every day.

Next you need trade frequency rules... Will you stop the day after one winning trade or one losing trade, or will you keep going during the hours you choose till you cut the day on a losing trade.

These are just some ideas , but like any system, you need to regulate what happens after a loss or a gain. This is where everyone fails on manual trading. The biggest mistake is stopping on a winning trade but keep trying after a losing trade in the same day. This is how you lose 5 for every one win.
  • #90
  • Nov 24, 2011 6:08pm Nov 24, 2011 6:08pm
Quoting Jordi
psperos, very impresive results. Can you share with us your "other setups", please?
I took all trades using the setup in this thread but a lot of my trading decisions were based off of price action , buying dips and selling bounces against the "Ma in color" during the Ny trading hours. The market that day was very choppy so that type of trading worked very well in that environment. Other days i would have been murdered trading like this.
  • #91
  • Nov 24, 2011 6:54pm Nov 24, 2011 6:54pm
I managed 4 +post and 1-post (my mistake).

Happy thanks Giving day guys...

Sekian.
  • #92
  • Nov 24, 2011 10:10pm Nov 24, 2011 10:10pm
Guys,

need some help to trobleshoot. i've downloaded the indicator, script and template that posted in #1 thread. however, my MT4 become slower when i start loaded the template. any suggestion to overcome this matter as it took few seconds delay to post a position, draw lines, etc in MT4.
  • #93
  • Nov 25, 2011 9:09am Nov 25, 2011 9:09am
Quoting Cicak
Guys,

need some help to trobleshoot. i've downloaded the indicator, script and template that posted in #1 thread. however, my MT4 become slower when i start loaded the template. any suggestion to overcome this matter as it took few seconds delay to post a position, draw lines, etc in MT4.
Try to reduce
- max bars in history (2000)
- max bars in chart (2000)

That will help your speed and You can also reduce pairs that you don't need on market watch window.

Cheers
Gutenberg money printing machine
  • #94
  • Edited Nov 28, 2011 1:55am Nov 27, 2011 2:58pm | Edited Nov 28, 2011 1:55am
Hi @ll,

hope you had a nice weekend.
Like I've announced, here the new template for you. Hope this works better and filters more bad signals.

New rules
INDICATORS
1) Semafor (repaints)
2) LWMA 25
3) Trendline (CCI + RSI Combination)
4) SnakeForce
5) Extreme Identifer (repaints)

Rules LONG:
- Semafor On BOTTOM (BUT follow the trend!!!)
- Candle Close ABOVE LWMA 25 GREEN (max. 3rd candle!)
- Trendline GREEN
- SnakeForce GREEN (max. 3rd bar!)
- Extreme Spike On BOTTOM

Rules SHORT:
- Semafor On TOP (BUT follow the trend!!!)
- Candle Close BELOW LWMA 25 RED (max. 3rd candle!)
- Trendline RED
- SnakeForce RED (max. 3rd bar!)
- Extreme Spike On TOP


Pair: EUR/USD
Session: Frankfurt, London (07:00 - 17:00 gmt)
TF = M5
TP = +15pips (+10pips) <- it is all up to you!
SL = -20pips <- it is all up to you!
BE = +10pips (if you like...)
Risk = 2-5%

In the template you will find examples.

Wish you a green week!

dynel14
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Attached File(s)
File Type: rar scalp the trend v2.rar   87 KB | 2,858 downloads
  • #95
  • Nov 27, 2011 3:41pm Nov 27, 2011 3:41pm
Quoting dynel14
Hi @ll,

hope you had a nice weekend.
Like I've announced, here the new template for you. Hope this works better and filters more bad signals.

New rules
INDICATORS
1) Semafor (repaints)
2) LWMA 25
3) Trendline (CCI + RSI Combination)
4) SnakeForce
5) Extreme Identifer (repaints)

Rules LONG:
- Semafor On BOTTOM (BUT follow the trend!!!)
- Candle Close ABOVE LWMA 25 GREEN (max. 3rd candle!)
- Trendline GREEN
-...
Hello Dynel14,

Did You took the CCI 15 indicator off the system?

Bye
If I Change, the whole World changes!
  • #96
  • Nov 27, 2011 4:07pm Nov 27, 2011 4:07pm
Quoting dynel14
5) Extreme Identifer (repaints)
my opinion you should take off "Extreme Identifer", but not CCI 15. its really useless coz repainting often in 1m tf (i prefer 1m)
  • #97
  • Edited 5:53pm Nov 27, 2011 5:20pm | Edited 5:53pm
Quoting Forex Girl
Hello Dynel14,

Did You took the CCI 15 indicator off the system?

Bye
Hi Forex Girl and scalperlamer,

no it is included in the trendline. If you want to see it add the CCI Histo from the first template.

Quote
3) Trendline (CCI + RSI Combination)
Quoting scalperlamer
my opinion you should take off "Extreme Identifer", but not CCI 15. its really useless coz repainting often in 1m tf (i prefer 1m)
I know to handle it, but thanks. If you don't like it please remove it from the chart.
Also I don't trade M1 with this system.

regards,
dynel14
  • #98
  • Nov 27, 2011 5:25pm Nov 27, 2011 5:25pm
Quoting dynel14
Hi Forex Girl and scalperlamer,

no it is included in the trendline.







I know to handle it, if you don't like it take off the chart.
Also I don't trade M1.

regards,
dynel14
Oh, Iīve saw it! Itīs ok for me.

Thank you so much.
If I Change, the whole World changes!
  • #99
  • Nov 27, 2011 6:13pm Nov 27, 2011 6:13pm
i noticed the lwma isn't in the new template. does the new trendline indi replace the lwma? so we now wait for the price to cross the trendline as the first signal?

thanks
  • #100
  • Nov 27, 2011 6:31pm Nov 27, 2011 6:31pm
Quoting cwestley
i noticed the lwma isn't in the new template. does the new trendline indi replace the lwma? so we now wait for the price to cross the trendline as the first signal?

thanks
Just a couple of points about the indicators. The color of the candles incorporates the LWMA. A green candle means it closed above the LWMA and a red candle means it closed below the LWMA. As for the CCI, it is incorporated in the new line that is plotted that replaced the LWMA. That's how I see it. Of course, I'm new here myself, but I hope that helps.

PJ
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