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Looking for the 5 pips scalping strategy

  • #1
  • First Post: Aug 24, 2017 2:14am Aug 24, 2017 2:14am
hello ....
i am looking for scalping strategy with 5 pips target ....any advice pls ?
  • #2
  • Aug 24, 2017 2:22am Aug 24, 2017 2:22am
Hello
I am trying to find an expert advisor
which open buy trade in every 30 pips
just open buy trade and ignore sell
Can anyone help me with this
  • #3
  • Aug 24, 2017 2:24am Aug 24, 2017 2:24am
Quoting meSohail
Hello I am trying to find an expert advisor which open buy trade in every 30 pips just open buy trade and ignore sell Can anyone help me with this
you may use grid ea
  • #4
  • Aug 24, 2017 2:28am Aug 24, 2017 2:28am
Quoting meSohail
Hello I am trying to find an expert advisor which open buy trade in every 30 pips just open buy trade and ignore sell Can anyone help me with this
I have buy and sell ea saperately,
come Pm for further info
  • #5
  • Edited 6:16am Aug 24, 2017 6:00am | Edited 6:16am
Quoting Waddah
hello .... i am looking for scalping strategy with 5 pips target ....any advice pls ?
Hi Waddah ,
if you want , try this :
Attached File(s)
File Type: rar 5 Pips System.rar   13 KB | 1,259 downloads


Another 5pips TS , here on FF :
https://www.forexfactory.com/showthread.php?t=623010

And still another...
https://www.forexfactory.com/showthread.php?t=527624
  • #6
  • Aug 26, 2017 11:51am Aug 26, 2017 11:51am
don't know if you already tried this one: https://www.forexfactory.com/showthread.php?t=515295
  • #7
  • Aug 26, 2017 1:51pm Aug 26, 2017 1:51pm
Waddah, why don't you put it this way. It is very elegant:

Looking for the 150 dollars daily... any suggestions?
Maadik Hugiis. IQ 69.
  • #8
  • Aug 26, 2017 2:01pm Aug 26, 2017 2:01pm
Quoting kaiser soze
don't know if you already tried this one: https://www.forexfactory.com/showthread.php?t=515295
have you tried it ?
  • #9
  • Aug 27, 2017 12:02am Aug 27, 2017 12:02am
thank you all for your reply .... I will share what i found and I think it is good one ; which use 2 time frame

the system use Stochastic (18,5,5) Smooth , Close/Close on 4H Time frame as the first TF which give the main trading direction
the second Tf is 5M , which also depend on Stochastic (with same sittings ) as entry signal ,
and the idea is to go thru buy or sell on 5M when matched with 4H Tf
( you can see the attached pic.)

Today I will code this system and my idea is : with 20 pairs , 5 pips each = 100 pips per day
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 68 KB
  • #10
  • Aug 27, 2017 3:13am Aug 27, 2017 3:13am
Quoting MoneyZilla
Waddah, why don't you put it this way. It is very elegant: Looking for the 150 dollars daily... any suggestions?


I think you are close to what i am looking for 5 pips on each pair .....
  • #11
  • Aug 27, 2017 4:05am Aug 27, 2017 4:05am
look what 5 pips can do , I code what i explained in post #9 ,
the starting balance is 200USD test from 20/03/2017 till 21/07/2014 (net profit 1056 USD)
but still need much work ....welcome to all suggestions
Attached File(s)
File Type: pdf Strategy Tester_ W-MTFS.pdf   88 KB | 751 downloads
  • #12
  • Aug 27, 2017 1:12pm Aug 27, 2017 1:12pm
Quoting Waddah
...but still need much work
Maybe it does not need much work? Back-testing is USELESS. It makes sense only to clear a strategy up from technical or other mistakes.

Back-testing and forward-testing are from two different worlds.

Run it on a demo and monitor it closely. Accept whatever the loses are (when it loses) and move forward.

You are using popular indicators, so the outcome they will deliver is questionable, but... if you already have your winning moments? You have to handle the losing ones and ACCEPT the loses. It is likely the winners to be the bigger number...

Most strategies deliver such positive balance, but the traders can't handle the hard times (low starting balance, hugely over-trading the account, ext.). Therefore many good strategies were given bad names.
Maadik Hugiis. IQ 69.
  • #13
  • Aug 29, 2017 10:55pm Aug 29, 2017 10:55pm
Quoting Waddah
thank you all for your reply .... I will share what i found and I think it is good one ; which use 2 time frame the system use Stochastic (18,5,5) Smooth , Close/Close on 4H Time frame as the first TF which give the main trading direction the second Tf is 5M , which also depend on Stochastic (with same sittings ) as entry signal , and the idea is to go thru buy or sell on 5M when matched with 4H Tf ( you can see the attached pic.) Today I will code this system and my idea is : with 20 pairs , 5 pips each = 100 pips per day {image}
Hi waddah
waiting for your update
  • #14
  • Aug 29, 2017 11:35pm Aug 29, 2017 11:35pm
If you can consistently get 5 pips then you can consistently get 10, 15 20 pips...
Consistency of your trading strategy is the key.
Work on that.
  • #15
  • Aug 30, 2017 12:21am Aug 30, 2017 12:21am
Quoting Waddah
hello .... i am looking for scalping strategy with 5 pips target ....any advice pls ?
5 pips? WTF.

I don't get out of bed for less than 500 pips!
You came here for the truth and let me unveil it for you
  • #16
  • Last Post: Aug 30, 2017 12:31am Aug 30, 2017 12:31am
Quoting Waddah
hello .... i am looking for scalping strategy with 5 pips target ....any advice pls ?
hello,

one of my first strategies that were somewhat consistent is similar to what you're looking for.
pull up a bar chart on your 5 minute chart.
mark consolidations and thrusts away from them.
enter upon the test of the consolidation on a slower retrace.
scalp whatever you can get out of it (had 5-10 tick targets).

works decent, but wouldn't recommend it if you wanna keep your sanity, and hair
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