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Daytrading/scalping with high leverage - my proven strategy

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Quoting panamamike
{quote} How do you set a SL,with the one click entry? Is it automatic? Or do you have to input it manually after the position is open?
On the last release on MT4 they introduced the "Depth of Market". Click ALT+B on your chart. There you can set the SL and TP automatically when you open your position at market. It's very convenient for scalpers like us.
Quoting keen246
{quote} On the last release on MT4 they introduced the "Depth of Market". Click ALT+B on your chart. There you can set the SL and TP automatically when you open your position at market. It's very convenient for scalpers like us.
thanks for the heads up
Quoting panamamike
{quote} My thought is why bother? I would wait for the 1 hr to come back inside the 4 hr TMA....price to establish a movement firm bottom to top, then look for long trades according to Babon and TMA1 above the cloud. Money is not so easily made that we forget our edge and just blindly gamble with it.. it could as easily continue to extend down as turn at this point. Why the rush to get in? HA still red etc....I see No reason whatsoever to establish a long position at the point.

Quoting Pdforex
Hi everyone, Please i will like to get a knowledge from anyone better who can determine the possibility of this trade. Do you think of it as a Buy/Sell ? I would take for a buy possible pull back. Any advice please. Thanks {image}

Nicely Said Mike

Its a good thing you are getting a hang of this system
according to the original rules, TMA H1 has to be flat or has established an uptrend to take a trade.

I wouldn't enter at that point, the price hasnt fully lost it strength yet
both TMA are still actively facing down, Heishi is still red, and TDI could still pullback
Hope it helps?
Quoting panamamike
{quote} How do you set a SL,with the one click entry? Is it automatic? Or do you have to input it manually after the position is open?
i do not know any of this because machinator 7,731 post says this

Quote
Your broker provides free One click trading EA for their MT4 platforms.Try it, really nice and useful tool for manual trading.
Quoting emfestus
{quote} {quote} Nicely Said Mike Its a good thing you are getting a hang of this system according to the original rules, TMA H1 has to be flat or has established an uptrend to take a trade. I wouldn't enter at that point, the price hasnt fully lost it strength yet both TMA are still actively facing down, Heishi is still red, and TDI could still pullback Hope it helps?
IMO, Counter trend trades are best suited for trading range bound pairs or when volatility is very low. trying to catch bottoms against a strong trending pair like EU is right now, is a great way to empty your account. Choose your battles wisely. We are the generals....we choose the ground on which we want to fight. I prefer the high ground....just my .02
Hi all,

I have been reading posts with diferent forex strategies since middle august until I found Babon System. I like TMA bands (even when it repaints, I already know) and I love the concept of H4 & H1 as a filter to know if it is a day to trade or not and in which direction. I have read the whole 60 page pdf and I think it is a great system and it seems to have great results when traded with a DNA-style MM (as I have seen in several posts published here).

I just wanted to start looking at my charts with the templates and indicators given by Favorite (thanks a lot for your disinterested effort) and surprise I found I don't see the TMA bands in my Babon-B template. In fact I can't use this indicator in my Metatrader, don't know why but it even doesn't let me put parameters, it appears on the list but nothing else, it doesn't work.

Well, looking for solutions, as ever, I wonder if I can use other TMA indis I have been looking at these last months (i.e. FastTMALine, TMA Bands) with the same effect in the system as a whole and what parameters are the ones you use for TMA1, TMA5 and TMA15. Or maybe somebody can tell me how to solve this problem I have.

Thanks for your help i my first post.
Quoting MrLion
Hi all, I have been reading posts with diferent forex strategies since middle august until I found Babon System. I like TMA bands (even when it repaints, I already know) and I love the concept of H4 & H1 as a filter to know if it is a day to trade or not and in which direction. I have read the whole 60 page pdf and I think it is a great system and it seems to have great results when traded with a DNA-style MM (as I have seen in several posts published here). I just wanted to start looking at my charts with the templates and indicators given by Favorite...
Hello Buddy,
you are not alone on this one.
replace with these

http://assets.forexfactory.net/images/attach/ex4.gif TMA.ex4 25 KB
http://assets.forexfactory.net/images/attach/mq4.gif TMA.mq4 8 KB

Hope it helps?
At last!

Thanks a lot emfestus.

I can see the three templates ok, I really appreciate your help.

Yes it really helps!
Quoting Pdforex
Hi everyone, Please i will like to get a knowledge from anyone better who can determine the possibility of this trade. Do you think of it as a Buy/Sell ? I would take for a buy possible pull back. Any advice please. Thanks {image}
TMA H1 beyond TMA H4 .
Attached Image
Success is nothing more than a few simple disciplines, practiced every day.
Quoting Machinator
{quote} TMA H1 beyond TMA H4 . {image}

Well Said Machinator
Quoting MrLion
At last! Thanks a lot emfestus. I can see the three templates ok, I really appreciate your help. Yes it really helps!
You are most welcome.
Well much thanks to dnabrasil and favourite.

I am glad i could help.

May the forces of the pips be with you.
I just went live again.
Last time my i blow my account up because i took CT's wrongly,
I went back to the drawing back, tested my exploits on demos, i i believed i was fully prepared.
Then I went back to live account.
Today I could humbly say i recovered the loses on my previews account and bagged up some few pips to make my account positive.
This time around i sticked truly to the rules with ant CT's and it payed of good.
I wasnt greedy just took some few good pips and aggressive mm made by dnabrasil himself

here is my today's trade.
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Click to Enlarge Name: 04-12-2014.png Size: 17 KB
Quoting emfestus
I just went live again. Last time my i blow my account up because i took CT's wrongly, I went back to the drawing back, tested my exploits on demos, i i believed i was fully prepared. Then I went back to live account. Today I could humbly say i recovered the loses on my previews account and bagged up some few pips to make my account positive. This time around i sticked truly to the rules with ant CT's and it payed of good. I wasnt greedy just took some few good pips and aggressive mm made by dnabrasil himself here is my today's trade....
A quick question for u. Are unlocking at the Babon 1hr template BEFORE deciding what and when to trade?

i am happy you made pips. However, the GJ 1 hr chart has not indicated trading today. EJ was a much clearer picture. Just my .02
Quoting panamamike
{quote} A quick question for u. Are unlocking at the Babon 1hr template BEFORE deciding what and when to trade? i am happy you made pips. However, the GJ 1 hr chart has not indicated trading today. EJ was a much clearer picture. Just my .02
Well today, GJ was mostly sell H1 and H4 were but in heading down, though the market was very difficult.
that was the reason I took very few pips not to get burnt.
Yes H1 helps a lot in decision making.

I am glad you also made pips.
Just took two swift two trade on GJ.

a short following a naked pattern +5 pips
and a long on a CT's +12 pips

Total= +17



Hope someone saw it coming and took the same?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 48 KB
Quoting Bernhard
Sorry I am new to this thread. Can you please post the missing indicators or is there a description link. Your template looks by me like this. {image}
bernhardwhat indicator creates your channel and can you share the indicator with settings?
Quoting emfestus
I just went live again. Last time my i blow my account up because i took CT's wrongly, I went back to the drawing back, tested my exploits on demos, i i believed i was fully prepared. Then I went back to live account. Today I could humbly say i recovered the loses on my previews account and bagged up some few pips to make my account positive. This time around i sticked truly to the rules with ant CT's and it payed of good. I wasnt greedy just took some few good pips and aggressive mm made by dnabrasil himself here is my today's trade....
every one knows this is so good to have naked pattern GJ CT make 5 pip and this is a positive trade to make the account now positive with the €9 more added to make up for the account blown up
Quoting Machinator
{quote} TMA H1 beyond TMA H4 . {image}
machinator what is TDI letters in place for is this pdf for i can use bing translate I have known heiken ashi and price action
Attached Image
Quoting demateo
{quote} machinator what is TDI letters in place for is this pdf for i can use bing translate I have known heiken ashi and price action {image}
TDI is the indicator in the bottom window (red and green lines)
See you at Valinor!
I totally agree to what you said with "taking small profits are really good". It actually helps the mental challenge that comes with trading.
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