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Simple Scalping

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waiting to go short when PA drops below res on audusd 1 min with TP to 2nd green sup line
dont follow the system blindly im waiting to go short monitoring what PA will do in this res zone


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didnt take the trade for obvious reasons


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first day with this strategy on real account 42.5 pips profit if can do it every day not bad some trades i closed out earlier coz i felt better to take a little win or loss according the PA i saw

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Quoting Jagg
I'm working on a multi pair/multi timeframe dashboard for this method. As shown in one of my charts here in the thread I prefer the TMA bands more than the bollinger bands so I included both "signals" in the dashboard. I also like a "good slope" of the 120 MA in order to take a trade (e.g. no trade when slope of 120 MA is smaller than 7.5 degree). So I included a MA Slope column. All other things shown in the dashboard should be self-explaining. At this stage of coding...

hi Jagg,

How did you go with this Dashboard. Its exactly what I am looking for

Shrips
Quoting Charlie66
first day with this strategy on real account 42.5 pips profit if can do it every day not bad some trades i closed out earlier coz i felt better to take a little win or loss according the PA i saw {image}
Today was pretty directional and you need at least 1000 real trades to test a system. Most people give up after 5 to 10 losers!
agreed lev 10 read my other post 100 trades on demo worked well, too early to say if this strategy is profitable but it looks promising
Quoting forexhunter8
good system....i like scalping trading here is scalping indicator helped me alot...i am working in tf5m & 15m on usdmxn /usdtry/gbpjpy {image} {image} {file}
Hie Forexhunter,may how do l install this indicator,am trying it bt its not showing anything on my charts except producing many beep sounds
alguém ainda operando essa estrategia?
My first post in here, signed up today. So hello to everyone and congrats on a great post.

Over the past few weeks I've somehow become addicted to this post, so thank you to Jenx and everyone that has contributed to this one. Been reading most things in here for over a year, but read this post several times. Yet to demo this yet as I am mainly a DAX person. But into the deep end we go. This simple system seemed quite simple to me at first but the more I read through the posts, the more confused I got. Fib started to hit a few graphs then multiple sma's and some interesting choices on support resistance. All being said i am looking forward to giving this system a go, but a few questions I'd appreciate getting some information on.

Does the ema of the bb need to head in the same direction as the 120 sma's ?

I ask because i remember someone asking for evidence of this working (a TE) and then posting an image that did not follow the rules for entry and exit - think someone said the lines weren't going the same way. Didn't think it mattered as long as it was either above or below the sma (buy & sell respectively)


When using the 1-2-3 for S&R, and BB are over the sma's, are we waiting for the gap to be filled before we look to make an entry? Or we don't care about the gap, it's just there to show us the S&R?
Or is every break of the lower BB a buy opportunity in the buy scenario? we are just aware of where S&R levels are on the 1-2-3.

Just trying to get the final things in place so i can test this out effectively.

Thanks for taking the time to read this, happy trading - now i will go back to being quite until I have something more constructive(but with membership to the forum)

Edit

Found my answer in #120.
Quoting mary4x
Amen.
Aaaamen
Do you use here the original strategy?
Did anyone test it on higher TFs as M1?
Vucking good EA coder...
#14 Return This Year: 53.7%
Quoting Charlie66
first day with this strategy on real account 42.5 pips profit if can do it every day not bad some trades i closed out earlier coz i felt better to take a little win or loss according the PA i saw {image}
Hi charlie, are you still trading using this strategy? would you share your experience thread creator not posting here anymore, not sure if he changed the stretagy.
Good morning everyone, i hope you are all well and safe.

I maybe talking into an empty room here - just wondering whether any of the old posters are still using this strategy and have any long term results to share ?
I have read a few of the pages so not sure yet why the original thread starter stopped posting.
But anyway I like the simple strategy - I was using a single MA with a BB, the double band seems much more visual to me.
I started trading it yesterday so lets see.
May the pips be with you.
M
I have taken a SELL trade on USDJPY at 12.19 UK Time (my screen shot is not working)
The price rose out of the BB as it came back towards the MA.
Lets see how it goes. 10 mins in
Quoting Michael1972
Good morning everyone, i hope you are all well and safe. I maybe talking into an empty room here - just wondering whether any of the old posters are still using this strategy and have any long term results to share ? I have read a few of the pages so not sure yet why the original thread starter stopped posting. But anyway I like the simple strategy - I was using a single MA with a BB, the double band seems much more visual to me. I started trading it yesterday so lets see. May the pips be with you. M
yes, i am still using it from time to time to support my other analysis. its still working, but you must carefully read the whole thread and choose wisely the entries.
successful trading requires patience&discipline and is boring.
I bought at 106.956 and now jumped out at 106.894, not a big profit i know, but i was not sure how to set the Take profit and as it was already pushing the other side of the BB on the M1, i decided to take the profit. My problem is cutting profits too early I suppose, but I will carry on reading the thread and see if we have some rules on the TP
Quoting Michael1972
I bought at 106.956 and now jumped out at 106.894, not a big profit i know, but i was not sure how to set the Take profit and as it was already pushing the other side of the BB on the M1, i decided to take the profit. My problem is cutting profits too early I suppose, but I will carry on reading the thread and see if we have some rules on the TP
to take a profit with this strategy is never wrong. better safe than sorry, or in doubt get out.
successful trading requires patience&discipline and is boring.
Thanks Birdland .... sure I agree, a profit is a profit.
And the original poster was aiming at 15-50 pips a day
I had to pop out as well so did not want to leave open trades. I just checked and USDJP has continued on the trend and went to 106.750 a few minutes ago.
I will continue to use the double MA in my charts and for the moment i will stop trading any other way and concentrate on this one.
So last week I used one of my micro accounts with FXPro to use only the original strategy... I had already been trading a similar one but had trouble as usual being so undisciplined.
So i cleaned the charts and decided to follow the rules.... easier said than done.... because I by accident took at least two trades at the top of the BB when the price was above the MAs (not following the rules).
I put in just £200 to follow this, I closed out all my trades on Friday and was up to £207, my bad trades not following the stretgy actually on the EURUSD did cost me money.
I will move out the £7 profit just to keep it clean and repeat the exercise this week. And let you know how I go.
This was my screen shot yesterday of the 4 charts i follow.... first time trying to post a screen shot so bear with me (I am technically challenged)

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