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Paramon Scalping system. 10% deposit per day

  • Post #1
  • Quote
  • First Post: Jul 4, 2006 3:52pm Jul 4, 2006 3:52pm
  •  Fanat
  • | Joined Nov 2005 | Status: Member | 40 Posts
Hello all.

On Russian forums there is this trading legend, a scalper who claims to be able to increase deposit 10% per day!!!

I was testing it and sometimes it DOES make good results, but since I live in mountain time zone, the system is tough...
I feel too sleepy and I was unable to test it long enough... But I did have awesome pip gains, it was one of the best systems I ever tried (except for the tough time and the fact that this is scalping).

I would like to see the kind of result people can get... Test it on a demo. I am curious, is this for real? And please post the results here.

Here is rough translation, summarization:
----
Trading pairs:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

GBP/USD, EUR/JPY (or USD/JPY depending on situation), USD/CAD, USD/CHF; <o></o>

<o></o>

Indicator Groups:

№1 USD/CHF, USD/CAD;
№2 EUR/USD, GBP/USD;
№ 3 EUR/JPY, USD/JPY.

<o></o>


IF 1<SUP>st</SUP> group is moving in one direction and 2<SUP>nd</SUP> in the opposite, then we know USD tendency. If both pairs in group #3 are moving in one direction, then we know the JPY tendency.<o></o>

<o></o>

Only trade pairs whose channel is 50 pips . (One channel of asian flat, another one before NY)

Best volatility, time to trade:

2-5:30am EST

8-11:30am EST


You can enter other pairs (especially Swiss, sometimes GBP, maybe even Cad which also shows where euro should go) even if their daily range <50 pips, as long as Euro broke its daily H or L and is moving.

<o></o>
Enter on the breakout of current channel from tick charts through stop orders only.

Example if Group 1 is growing, consider buyng USD/CHF,USD/Cad and only shorting gbp/usd. If EUR/JPY, USD/JPY and EUR/USD both move in one direction enter on EUR/JPY. IF group N1 goes in one direction and N2 in another, enter on usd/jpy only in the direction of group #1.

<o></o>

For London session the channel is daily high-daily low.

For New York, it is the channel for the past 10min-4hours depending on market volatility. If the market is not volatile the channel is usually from past 30 minutes, if it was volatile than the channel is build for the past 10 minutes.

<o></o>

IF few pairs are going in appropriate direction, then the tendency may be for an hour. If all six pairs move in appropriate directions, then the tendency may be for the whole day.


<o></o>

CAD really starts to move only in US Session. Cad is good in the fact that if it breaks daily extreme at 6:30EST, then it will trend to 6:15-6:25ESR (if news) and to 7:15am EST if there aren’t news in the US session
<o></o>
Money management:

Enter on breaking of daily extreme per pair:

Euro group 1/32 + 1/4 + 1/32(1/16) + ...
Yen group,Usd/Cad 1/32 + 1/8 + 1/32(1/16) + ...
Enter from local extremum for all 1/32 + 1/16 + 1/8 + 1/32(1/16) +...<o></o>


<o></o>
Pyramid positions every constant number of pips (ex 20pips) only for the pairs that are moving, don’t add to those pairs that are barely moving.<o></o>
Paramon says that he does 10-20 orders per day.

<o></o>
Stop loss:
Initially 1 pip below the current daily candle (which could be 50+ pips). Then moved to the start of the move or (Daily High – Dailylow) /2 . If multiple currency pairs suddenly start breaking the Daily Middle (H-L/2) then enter.

Set ultra short stop loss during important times:

2:00, 2:30,3-3:15, 4-4:15, 5-5:30, 7-7:15, 10-10:15, 11-11:30am EST.

Also exit if the position freezes for 15 minutes.
On Friday close by 11am.<o></o>


Take profit:
trailing stop of (10-30 pips). Or behind recent extreme (using dow theory). Also if group tendency changes then exit. Orders are modified every 5 minutes and constantly during news time.
  • Post #2
  • Quote
  • Jul 4, 2006 4:00pm Jul 4, 2006 4:00pm
  •  johnedoe
  • | Membership Revoked | Joined Dec 2005 | 2,298 Posts
interesting strategy, will you be posting some test results?
Same Whore .... Different Dress
 
 
  • Post #3
  • Quote
  • Jul 4, 2006 4:15pm Jul 4, 2006 4:15pm
  •  Fanat
  • | Joined Nov 2005 | Status: Member | 40 Posts
Quoting johnedoe
Disliked
interesting strategy, will you be posting some test results?
Ignored

Unfortunately it is very uncomfortable for me to scalp during
the night... But maybe some people here can do it (or they live East).

Some days the guy makes 100-300 pips PER DAY.

Some random statements: MSK time.

--- some random results ---

01.07.04 10:35 06.07.04 USD/CHF 15 000.00 USD 1.2535 Forex 2 744 906
01.07.04 11:07 06.07.04 GBP/USD -8 000.00 GBP 1.8155 Forex 2 744 976
01.07.04 12:00 06.07.04 GBP/USD -8 000.00 GBP 1.8135 Forex 2 745 044
01.07.04 12:08 06.07.04 GBP/USD -16 000.00 GBP 1.8125 Forex 2 745 061
01.07.04 12:09 06.07.04 USD/CHF 15 000.00 USD 1.2555 Forex 2 745 063
01.07.04 12:11 06.07.04 GBP/USD 32 000.00 GBP 1.8125 Forex 2 745 069
01.07.04 12:12 06.07.04 USD/CHF -30 000.00 USD 1.2561 Forex 2 745 071

Swiss +26
Pound +30

Total +56<!-- / message --><!-- sig -->


02.07.04 16:30 07.07.04 USD/CAD -18 000.00 USD 1.3295 Forex 2 748 884
02.07.04 16:30 07.07.04 USD/CHF -18 000.00 USD 1.2460 Forex 2 748 904
02.07.04 16:30 07.07.04 GBP/USD 10 000.00 GBP 1.8215 Forex 2 748 939
02.07.04 16:31 07.07.04 USD/JPY -18 000.00 USD 108.35 Forex 2 748 986
02.07.04 16:33 07.07.04 USD/CHF 18 000.00 USD 1.2425 Forex 2 749 020
02.07.04 16:35 07.07.04 GBP/USD -10 000.00 GBP 1.8287 Forex 2 749 063
02.07.04 16:36 07.07.04 USD/JPY 18 000.00 USD 108.35 Forex 2 749 080
02.07.04 16:37 06.07.04 EUR/JPY 15 000.00 EUR 133.05 Forex 2 749 089
02.07.04 16:37 07.07.04 USD/CAD 18 000.00 USD 1.3269 Forex 2 749 098
02.07.04 16:38 06.07.04 EUR/JPY -15 000.00 EUR 132.85 Forex 2 749 104

Swiss +35
Pound +72
Canadian +26
Еur/Jpy -20
total +113 (113 pip per day with almost maxed out lots... )



04.01.05 11:09 06.01.05 USD/CAD 44 000.00 USD 1.2095 Forex 3 442 349
04.01.05 11:10 06.01.05 GBP/USD -23 000.00 GBP 1.9025 Forex 3 442 352
04.01.05 11:25 06.01.05 USD/CHF 44 000.00 USD 1.1490 Forex 3 442 375
04.01.05 11:31 06.01.05 USD/CHF 44 000.00 USD 1.1510 Forex 3 442 431
04.01.05 12:22 06.01.05 USD/CAD 44 000.00 USD 1.2115 Forex 3 442 600
04.01.05 12:24 06.01.05 USD/CHF 88 000.00 USD 1.1530 Forex 3 442 618
04.01.05 12:30 06.01.05 GBP/USD -23 000.00 GBP 1.8995 Forex 3 442 665
04.01.05 12:38 06.01.05 GBP/USD -46 000.00 GBP 1.8965 Forex 3 442 769
04.01.05 12:40 06.01.05 USD/CHF 176 000.00 USD 1.1550 Forex 3 442 788
04.01.05 12:41 06.01.05 USD/CAD 88 000.00 USD 1.2135 Forex 3 442 798
04.01.05 12:54 06.01.05 USD/CAD -176 000.00 USD 1.2125 Forex 3 442 839
04.01.05 12:55 06.01.05 USD/CHF -352 000.00 USD 1.1548 Forex 3 442 841
04.01.05 12:55 06.01.05 GBP/USD 92 000.00 GBP 1.8975 Forex 3 442 842
04.01.05 12:58 06.01.05 USD/CAD 48 000.00 USD 1.2135 Forex 3 442 910
04.01.05 13:03 06.01.05 GBP/USD -25 000.00 GBP 1.8950 Forex 3 442 954
04.01.05 13:22 06.01.05 USD/CAD 48 000.00 USD 1.2155 Forex 3 443 076
04.01.05 13:33 06.01.05 USD/CAD -96 000.00 USD 1.2135 Forex 3 443 134
04.01.05 13:35 06.01.05 GBP/USD 25 000.00 GBP 1.8957 Forex 3 443 151
04.01.05 15:10 06.01.05 USD/CHF 94 000.00 USD 1.1580 Forex 3 443 342
04.01.05 15:16 06.01.05 GBP/USD -50 000.00 GBP 1.8930 Forex 3 443 354
04.01.05 15:33 06.01.05 GBP/USD 50 000.00 GBP 1.8927 Forex 3 443 442
04.01.05 15:33 06.01.05 USD/CHF -94 000.00 USD 1.1587 Forex 3 443 444
04.01.05 18:00 06.01.05 GBP/USD -25 000.00 GBP 1.8925 Forex 3 443 776
04.01.05 18:02 06.01.05 USD/CHF 47 000.00 USD 1.1600 Forex 3 443 787
04.01.05 18:03 06.01.05 USD/CAD 47 000.00 USD 1.2160 Forex 3 443 799
04.01.05 18:10 06.01.05 USD/CAD 47 000.00 USD 1.2180 Forex 3 443 816
04.01.05 18:17 06.01.05 GBP/USD -25 000.00 GBP 1.8895 Forex 3 443 849
04.01.05 18:18 06.01.05 USD/CHF 47 000.00 USD 1.1620 Forex 3 443 865
04.01.05 18:20 06.01.05 USD/CAD 94 000.00 USD 1.2200 Forex 3 443 902
04.01.05 18:22 06.01.05 USD/CHF 94 000.00 USD 1.1640 Forex 3 443 935
04.01.05 18:25 06.01.05 GBP/USD -50 000.00 GBP 1.8865 Forex 3 443 975
04.01.05 18:27 06.01.05 USD/CAD 188 000.00 USD 1.2220 Forex 3 444 002
04.01.05 18:32 06.01.05 USD/CAD -376 000.00 USD 1.2220 Forex 3 444 042
04.01.05 18:32 06.01.05 GBP/USD 100 000.00 GBP 1.8865 Forex 3 444 043
04.01.05 18:33 06.01.05 USD/CHF -188 000.00 USD 1.1652 Forex 3 444 045
04.01.05 18:49 06.01.05 USD/CAD 54 000.00 USD 1.2225 Forex 3 444 099
04.01.05 18:51 06.01.05 USD/CHF 54 000.00 USD 1.1660 Forex 3 444 110
04.01.05 18:55 06.01.05 GBP/USD -29 000.00 GBP 1.8855 Forex 3 444 130
04.01.05 19:01 06.01.05 USD/CAD -54 000.00 USD 1.2237 Forex 3 444 189
04.01.05 19:02 06.01.05 GBP/USD 29 000.00 GBP 1.8835 Forex 3 444 193
04.01.05 19:03 06.01.05 USD/CHF -54 000.00 USD 1.1671 Forex 3 444 202

Cad +102
CHF +128
GBP +126

Total +356


05.01.05 10:47 07.01.05 GBP/USD -29 000.00 GBP 1.8795 Forex 3 449 369
05.01.05 10:47 07.01.05 USD/CHF 55 000.00 USD 1.1700 Forex 3 449 371
05.01.05 10:53 07.01.05 USD/CHF -55 000.00 USD 1.1709 Forex 3 449 409
05.01.05 10:53 07.01.05 GBP/USD 29 000.00 GBP 1.8785 Forex 3 449 410
05.01.05 12:54 07.01.05 USD/CAD 55 000.00 USD 1.2265 Forex 3 449 633
05.01.05 12:56 07.01.05 GBP/USD -29 000.00 GBP 1.8780 Forex 3 449 638
05.01.05 12:58 07.01.05 USD/CHF 55 000.00 USD 1.1715 Forex 3 449 660
05.01.05 12:59 07.01.05 GBP/USD -29 000.00 GBP 1.8750 Forex 3 449 672
05.01.05 13:08 07.01.05 USD/CHF 55 000.00 USD 1.1735 Forex 3 449 758
05.01.05 13:16 07.01.05 USD/CAD 55 000.00 USD 1.2285 Forex 3 449 838
05.01.05 13:21 07.01.05 USD/CHF 110 000.00 USD 1.1755 Forex 3 449 868
05.01.05 13:22 07.01.05 USD/CAD 110 000.00 USD 1.2305 Forex 3 449 871
05.01.05 13:36 07.01.05 USD/CAD -220 000.00 USD 1.2302 Forex 3 449 911
05.01.05 13:36 07.01.05 GBP/USD 58 000.00 GBP 1.8745 Forex 3 449 912
05.01.05 13:38 07.01.05 USD/CHF -220 000.00 USD 1.1749 Forex 3 449 918

CHF +43
GBP +45
CAD +37

Total +125
<!-- / message --><!-- sig -->

// in russian
http://forum.masterforex-v.org/index...ndpost&p=29204
 
 
  • Post #4
  • Quote
  • Jul 4, 2006 4:23pm Jul 4, 2006 4:23pm
  •  brentmack
  • | Joined Apr 2006 | Status: Commissioner of Autotrading | 462 Posts
Fanat:

Thanks for sharing this. Can you verbalize a little bit about the fractions used in the Money Management section? I'm not sure what they're representing.

Thanks again!
 
 
  • Post #5
  • Quote
  • Jul 4, 2006 4:37pm Jul 4, 2006 4:37pm
  •  Fanat
  • | Joined Nov 2005 | Status: Member | 40 Posts
Quoting brentmack
Disliked
Fanat:

Thanks for sharing this. Can you verbalize a little bit about the fractions used in the Money Management section? I'm not sure what they're representing.

Thanks again!
Ignored

your initial entry is 1/32 * 4(or5 or less) pairs = 12.5% of deposit.
Then pyramid for euro,swiss 1/4 or 1/8 for Yen and Cad.
 
 
  • Post #6
  • Quote
  • Jul 5, 2006 12:00am Jul 5, 2006 12:00am
  •  Pip-Gandalf
  • | Joined Dec 2005 | Status: Member | 25 Posts
I have tried this system for a while and it gives terrible results on Yen since - the corrolation is completely unassociated with other pairs.
Paramon does not use this system anymore on the Yen since its not reliable.

There is an old thread on this forum that attempted to do what your talking about. It had some errors in logic and didnot work right. The main idea was to find the underliing strength of a currency, however, the strenght of the pair was defind instead. Other difficultes incountered was that the currency pairs were not normalized and therefore were on different scales and couldnot be compaired to each other. Finally the pip values are different on some pairs and therefor if the scale between the currencies were normalized a similar result between two currencies would render different returns. The threads ended in a confussion between Relative Strength and corrolations analysis.

One would have to overlook corrolation studies and focauss on the currency's indiviual relative strength. The results would have to be normalized so each currency can be compaired to one another and the pip value would have to be a consideration.
 
 
  • Post #7
  • Quote
  • Mar 31, 2008 6:19am Mar 31, 2008 6:19am
  •  rod30
  • | Joined Mar 2008 | Status: &#12481;&#12515;&#12458; | 88 Posts
does any one have the template and the indicators used in Paramond system ??
this tchnich its based on channel but all forum are in russian about Paramond
 
 
  • Post #8
  • Quote
  • Last Post: Jan 31, 2009 10:02am Jan 31, 2009 10:02am
  •  heybrian
  • | Joined Dec 2008 | Status: Member | 8 Posts
But how about the second group moves in different direction?
 
 
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