A Guide to Creating a Minimalistic Scalping Strategy | Page 6 | Forex Factory

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A Guide to Creating a Minimalistic Scalping Strategy

  • #101
  • Aug 10, 2017 7:22am Aug 10, 2017 7:22am
Quoting Erebus
{quote} Hello Plainview, thank you for your thread, and sharing your ideas. I usually swing trade but I will scalp as the market dictates. For example, this last Friday, no one want to open any new positions with the French election predicted volatility coming, so just scalp for the day. You mention that it's okay to suggest additional indicators to use, sometimes, these can be called tools, because on the chart when they don't make trading decisions in my opinion. One is for visual only, the Magnified Market Price, great when posting charts as...
hi erabus , thank for share this good tool. I have a small problem, can you solve it pls. Thanks again..
Attached Image (click to enlarge)
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https://tracking.avapartner.com/_RwAAA
  • #102
  • Aug 10, 2017 8:36am Aug 10, 2017 8:36am
Quoting akkus45
{quote} hi erabus , thank for share this good tool. I have a small problem, can you solve it pls. Thanks again.. {image}
There is input for the pairs - EURUSD;GBPUSD;USDJPY and so on

Did you try EURUSDf;GBPUSDf;USDJPYf ???
It takes a lot for me to IGNORE you, but you can try.
  • #103
  • Aug 10, 2017 11:08am Aug 10, 2017 11:08am
Quoting Erebus
{quote} There is input for the pairs - EURUSD;GBPUSD;USDJPY and so on Did you try EURUSDf;GBPUSDf;USDJPYf ???
Hi erabus, İ tried it as your advice but didnt work , so sorry.
https://tracking.avapartner.com/_RwAAA
  • #104
  • Aug 10, 2017 11:22am Aug 10, 2017 11:22am
any other strategy u all used for this scalping system?
  • #105
  • Aug 14, 2017 9:57am Aug 14, 2017 9:57am
Seems good , i will look into it and let you know how it goes .
>>> BE INTENTIONAL
  • #106
  • Aug 14, 2017 10:17am Aug 14, 2017 10:17am
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last tuesday from 8am to about 1pm EURUSD range was 20pips.
Give this system the flip about all morning.
ADX value changes very quick.
myfxbook DOT com/members/TopTradeBot
  • #107
  • Aug 16, 2017 2:49am Aug 16, 2017 2:49am
What is the difference between this and the direct use of 12ema&50sma? In addition, this is a good quantification of ea it. sorry my english.
  • #108
  • Aug 16, 2017 4:56am Aug 16, 2017 4:56am
Quoting SnoopyAKQJT
{quote} Sir: 1. I have updated the Pinescript to reflect the new ADX filter as you had proposed 2. However, i have also learnt that (from Dr Barry Burns, via YouTube videos) that the ADX filter should be programmed to detect if it is RISING, rather than if it has reached a certain threshold level such as 20 or 25, because it, too, is lagging, and may not reach 25 when the MA's cross over. The script checks for a rising ADX, which, obviously, can be changed to check for an absolute value if you wish
Hey Snoopy,

Thanks for your input. It looks great. I have review it today and I think we could back test it. Can you do a historical test in Trading View? Is it an option. We could establish how this strategy is behaving in mechanic deployment condition over some period of time...

Best!
  • #109
  • Aug 16, 2017 5:04am Aug 16, 2017 5:04am
Quoting Plainview
{quote} Hey Snoopy, Thanks for your input. It looks great. I have review it today and I think we could back test it. Can you do a historical test in Trading View? Is it an option. We could establish how this strategy is behaving in mechanic deployment condition over some period of time... Best!
Hi Plainview!

Are you still trading this strategy? And is it profitable?
  • #110
  • Aug 18, 2017 6:40am Aug 18, 2017 6:40am
Quoting forexsha
{quote} Hi Plainview! Are you still trading this strategy? And is it profitable?
Hey,

Yes. Still here and still trading this method. With success. I am modeling and building automatic trading script based on this method.

How about you guys?
  • #111
  • Sep 30, 2017 5:02pm Sep 30, 2017 5:02pm
Hi Plainview looks like a good strategy,also what pivots indicator are you using.

Are you using ADX as a filter for this and also what settings are you using for ADX.

I am planning to start using this form 2nd october. Will post daily results as well.

Thanks
Order flow is the edge,rest is just noise.
  • #112
  • Sep 30, 2017 6:14pm Sep 30, 2017 6:14pm
Quoting TradeForex1
{image} last tuesday from 8am to about 1pm EURUSD range was 20pips. Give this system the flip about all morning. ADX value changes very quick.
So this failed in between those times? How many false signals you got ?
Order flow is the edge,rest is just noise.
  • #113
  • Oct 3, 2017 1:45am Oct 3, 2017 1:45am
Hi Plainview, thank you for this great, simple strategy, I am starting demo trading today with it with 1:1 ratio. Hope to update you with some good results.
Best of luck!
  • #114
  • Oct 4, 2017 7:04am Oct 4, 2017 7:04am
Quoting krysus
Hi Plainview, thank you for this great, simple strategy, I am starting demo trading today with it with 1:1 ratio. Hope to update you with some good results. Best of luck!
How was the result you got, I used ADX as well as a filter and missed many opps as well. I guess this strategy is better off without ADX.
Order flow is the edge,rest is just noise.
  • #115
  • Oct 4, 2017 7:57am Oct 4, 2017 7:57am
Quoting rubinsingh
{quote} How was the result you got, I used ADX as well as a filter and missed many opps as well. I guess this strategy is better off without ADX.
I do not like ADX, instead I check 15 and 5m charts, if the MAs show the same direction on both, I take action. 34 pips today in 4 trades.
  • #116
  • Oct 4, 2017 10:51pm Oct 4, 2017 10:51pm
Quoting krysus
{quote} I do not like ADX, instead I check 15 and 5m charts, if the MAs show the same direction on both, I take action. 34 pips today in 4 trades.

So how do you filter trades,I am getting lot of Sl hit due to choppy erratic movement with this strategy. What is your risk reward ratio and do you enter on 1min when 15m and 5m MA's are same.
Order flow is the edge,rest is just noise.
  • #117
  • Oct 5, 2017 2:28am Oct 5, 2017 2:28am
Quoting rubinsingh
{quote} So how do you filter trades,I am getting lot of Sl hit due to choppy erratic movement with this strategy. What is your risk reward ratio and do you enter on 1min when 15m and 5m MA's are same.
I hope Plainview does not mind coz these are not exactly his rules, however idea of 15 and 5 minute charts I took from this topic.
So if 12 and 26 are under 55 on both 15m and 5m charts, then I look for a sell. I go to 1m and wait for a pullback which I consider 12 crossing 26 and 55 to the upside, if 12 crosses both MAs in a sell again and 15 and 5 still match, I take trade. That pullback saves a lot of pips for me. I am just watching one on USDJPY now. I hope I explained it well.
Also, I took one more trade yesterday afternoon for 12 pips target, closed the day at 46 pips with 5 trades, quite promising. Credit to Plainview!
  • #118
  • Oct 5, 2017 8:06am Oct 5, 2017 8:06am
Quoting krysus
{quote} I hope Plainview does not mind coz these are not exactly his rules, however idea of 15 and 5 minute charts I took from this topic. So if 12 and 26 are under 55 on both 15m and 5m charts, then I look for a sell. I go to 1m and wait for a pullback which I consider 12 crossing 26 and 55 to the upside, if 12 crosses both MAs in a sell again and 15 and 5 still match, I take trade. That pullback saves a lot of pips for me. I am just watching one on USDJPY now. I hope I explained it well. Also, I took one more trade yesterday afternoon for 12 pips...

What about Risk reward rartios and Sl placement,any filters to avoid ranging market?
Order flow is the edge,rest is just noise.
  • #119
  • Oct 5, 2017 9:25am Oct 5, 2017 9:25am
Quoting rubinsingh
{quote} What about Risk reward rartios and Sl placement,any filters to avoid ranging market?
Risk reward like I said earlier 1:1, place stop loss below/over the last swing plus 1 pip plus spread if it is a sell. I move SL to breakeven if the price is about 2-3 pips from target. You don't trade when all 3 MAs are together on higher time frames. When MAs show one direction on both 15 and 5 the market is usually trending. That is just my short observation.
3 trades today, 2 wins 1 los, +6 pips. Markets were generous so people trading 3:1 ratio got rewarded.
  • #120
  • Oct 5, 2017 11:14am Oct 5, 2017 11:14am
Quoting krysus
{quote} Risk reward like I said earlier 1:1, place stop loss below/over the last swing plus 1 pip plus spread if it is a sell. I move SL to breakeven if the price is about 2-3 pips from target. You don't trade when all 3 MAs are together on higher time frames. When MAs show one direction on both 15 and 5 the market is usually trending. That is just my short observation. 3 trades today, 2 wins 1 los, +6 pips. Markets were generous so people trading 3:1 ratio got rewarded.

Could you please post a screenshot of your trades,which pairs you trade?
Order flow is the edge,rest is just noise.
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