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Attachments: 1M & 5M Scalping System (Scalping Paradise)
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1M & 5M Scalping System (Scalping Paradise)

  • PipsChase | Brokerage Account XXX74
  • Last Sync: Feb 8, 2013
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No trading activity in this period.
  • Post #1
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  • First Post: Jul 18, 2012 5:54am Jul 18, 2012 5:54am
Hello everyone, I am quite new to this amazing forum but I have been lurking here for the past 12 months just reading and reading and reading, some of you on this board are just amazing. While reading i went through a thread that is in the recycle Bin now (dont know why.?) . 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...

I have named (or say renamed) this system as the Scalping Paradise.


ENTRY SIGNAL RULES

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

Do leave your comments (if any) to make this system much better.

Thanks..
Attached File
File Type: zip Scalping Paradise.zip   38 KB | 8,136 downloads
Find below the chart for a recent Short trade signal that it provided...

If i had stayed a bit more.. it would have given more pips...!!

http://thelrstore.com/screenshots/chart1.png
Today i started trading using this system and i am posting my trade result for the first trade i did today. Have a look at the chart below..

Got 10 Pips...

Would have got more...hehe... but satisfied with what i got..

http://thelrstore.com/screenshots/profit.png

Here is the trade that i made..

http://thelrstore.com/screenshots/Trade.png

Comments plz..!!
Anybody tried this system yet..??
hi pipschase , did u tweak the settings or is this the final system . ? coz i remember this thread and gave a shot but i moved to higher time frame systems so could not try this for some time . thnks
Quoting pipschase
Hello everyone, I am quite new to this amazing forum but I have been lurking here for the past 12 months just reading and reading and reading, some of you on this board are just amazing. While reading i went through a thread that is in the recycle Bin now (dont know why.?) . 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...

I have named (or say renamed) this system as the Scalping Paradise.


[b][color=red]ENTRY...
What setting for rsi?
Quoting finally
What setting for rsi?
Sure settings for T3 RSI ARE
RSI PERIOD 14
T3 PERIOD 8
T3 cultative 0.618

then go to inputs 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 metatrader add the rsi to 14 and add the 45-55 levels.

By the way i have included the indi for RSI in the Zip file with predefined settings, you can use that too....

Thanks
Quoting FXnitroC
hi pipschase , did u tweak the settings or is this the final system . ? coz i remember this thread and gave a shot but i moved to higher time frame systems so could not try this for some time . thnks
This is the same system with some tweaks, i.e. we enter in a trade if both the tf 1m & 5m tells the same story...

Give it a try its worthit...

Pipschase thank you for posting your system.

Sorry for my bad English.I personally love Renko's why I've allowed your system a biting line with Renko.
All on a simulator back tested and the results are not bad.
I'll try the whole test and still live here to post my experiences.
Attached Image (click to enlarge)
Click to Enlarge Name: gz.jpg Size: 156 KB
Hy Aleks

what renko version and brick size you using?

thanks in advance

regards
Quoting pipschase
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.
Hi, I wish you well with your endeavours but I should point out to you thaat some of the indi settings you are using have no logical meaning and are probably the result of curve fitting - which means the system is unlikely to stand up.

take CCI 170 - what use is that? 170 period will provide no useful info because nobody follows it and it does not coincide with any market periods.

as I say wish you well but i think the system has issues my friend
Quoting Zokynho
Hy Aleks

what renko version and brick size you using?

thanks in advance

regards
hi, I use this Renko indi.Brick size 5 pips
today, EU +35 pips not bad

greeting
Attached File
File Type: ex4 RenkoMeanLiveChart_v1.0.ex4   12 KB | 2,254 downloads
thank you for response Aleks

regards
Hello
I am very new in forum and also new for trading want to learn perceptually all about trading. So please cooperate me or suggest where to start.
when we enter in trade and exit? also how to set TP and SL.
Trying out this system
Hi you all,

just wanna let you know that the original thread, from 'Canadian Dude', is still available on this forum: 'Powerful 1 Min Scalping System (Fx Prime)'

I only recently discovered this thread and was reading it through. Also downloaded the files, attached to it (#1) and my screen looks different than yours, pipschase - only have one CCI (the combined cci 170 and cci 34) and the RSI only shows one line, not two...

Probably best for me to read the thread from Canadian Dude all the way through, because i liked it a lot, so far. Meanwhile, could you explain which adjustments you've made to it (and why)?

happy pip hunting, people!
95% of the people don't believe 100% they can win, that's why they lose
I see you went from 0.10 lots to 0.50 and even 1.00 lots. I´m wishing you the bets of luck out there but on a 600$ account that is pretty `adventurous` to say the least
hi friends i am try this method today i got 2 entries one hit 10 pip take profit and another one is loss now one order floating i have enter the trade when exact all rules coming http://my.jetscreenshot.com/demo/20120813-srnx-163kb trade no:1 sell hit take profit trade no:2 hit stoploss and no:3 is going now
Hi guys. I know it will now be hard for you to listen me, but, please before you start praying on indicators (is it a bit below 45 or above 55 etc) just take a moment and think what are the indicators. Do you think the indicators drive the market? No, its the other way around. So, THE INDICATORS ARE ALWAYS A STEP BEHIND THE MARKET. Just take it into consideration.

If you want to stay with pipsing then you will need a proper working Expert Advisor and a spread free broke.

I am in Forex Market since 2008.
Enter Signature
V_s, can you please guide which is the best EA you have ever find and which works for you. as i am searching EA but i am unable to choose any due to several reasons.. and also share what are your findings about the best broker?
thanks
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