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Simple Scalping

  • #361
  • Oct 3, 2017 8:59am Oct 3, 2017 8:59am
Quoting unnamed21
{quote} Mind explaining how to use this indicator?
simple as a trendindicator like 120 ssma...its just better visualized.
trading is like dancing, don't think and just listen to the music!
  • #362
  • Edited 12:28pm Oct 3, 2017 9:06am | Edited 12:28pm
Quoting rkp
So, I decided to follow your advice and I replicated Jenx's template exactly and learned (I think) how to plot the buff S/R. I really like this system and I hate to be a pain. I know I seem like a troll but I just want to make it work for me. Can you help me, please on this next fail? Thanks!! {image}
Don't worry they don't all work!
What I will say is it's quite handy to look left and see where the last buff "gap" was formed after definite consolidation not just 1 or 2 bars
Where price is now, it has been before, and will be again.
  • #363
  • Oct 3, 2017 9:32am Oct 3, 2017 9:32am
Quick +10 on Ucad short.If you look at the resistance at 1.2511 and match up with base indi's, was a perfect entry. Less than 3 minutes for 10 pips.
  • #364
  • Oct 3, 2017 10:01am Oct 3, 2017 10:01am
Gonna try EU long around 1.1749 if it gets there.
  • #365
  • Oct 3, 2017 10:12am Oct 3, 2017 10:12am
Nope. Missed that one. Tried to cut it too fine. Back at it tomorrow. Good luck all.
  • #366
  • Oct 3, 2017 12:27pm Oct 3, 2017 12:27pm
Quoting unnamed21
Jenx, update us with your forward testing on the BB bands with 2.5 Standard deviations. Do you recommend it more than the original standard deviation of 2?
Hi; Tested it quite extensively and came to the conclusion that over any length of time, it offers no real advantage over the original set up.
Where price is now, it has been before, and will be again.
  • #367
  • Oct 3, 2017 1:28pm Oct 3, 2017 1:28pm
Quoting birdland
{quote} i lost too about 6 pips on this...dont worry, the trade was fine.
Ok, my point of view.....
I used to be an indicatorholic

My main trading is 1h and 4h chart...Its doing quite well, but this thread caught my interest......
I use the same tools as described in the first post...The only "extra thing" i have is a news indicator....
When trading the 1/5/15 chart i always stay out of market during the newstime...It always gets choppy.... GBP had some red news today at 4.30

So my little advice: use the indicators in post 1, add a news indicator so you dont miss the newstime...AND draw your support/resistance on 1h/4h chart..Then switch to your 1 min chart and start trading.....

Keep It Simple...i promise it will pay off...

/regards
  • #368
  • Oct 3, 2017 1:31pm Oct 3, 2017 1:31pm
good system to try
  • #369
  • Oct 3, 2017 1:58pm Oct 3, 2017 1:58pm
Quoting kojak
{quote} Ok, my point of view..... I used to be an indicatorholic My main trading is 1h and 4h chart...Its doing quite well, but this thread caught my interest...... I use the same tools as described in the first post...The only "extra thing" i have is a news indicator.... When trading the 1/5/15 chart i always stay out of market during the newstime...It always gets choppy.... GBP had some red news today at 4.30 So my little advice: use the indicators in post 1, add a news indicator so you dont miss the newstime...AND draw your support/resistance...
Good advice
Where price is now, it has been before, and will be again.
  • #370
  • Oct 3, 2017 4:42pm Oct 3, 2017 4:42pm
Quoting kojak
{quote} Ok, my point of view..... I used to be an indicatorholic My main trading is 1h and 4h chart...Its doing quite well, but this thread caught my interest...... I use the same tools as described in the first post...The only "extra thing" i have is a news indicator.... When trading the 1/5/15 chart i always stay out of market during the newstime...It always gets choppy.... GBP had some red news today at 4.30 So my little advice: use the indicators in post 1, add a news indicator so you dont miss the newstime...AND draw your support/resistance...
Thanks for you post!

Please put up a 1 min chart as you use when you trade. Thank you!
True Grit!
  • #371
  • Oct 4, 2017 1:03am Oct 4, 2017 1:03am
This my scalper system.

Attached Image (click to enlarge)
Click to Enlarge Name: muisca EA Scalper 1.png Size: 80 KB


This expert advisor works at the ticker level. It measures the volatility of the moment. All operations have Stop Loss and Trailing Stop. Default setting is OK for EURUSD.

Minimal dropdown.

Attached File(s)
File Type: ex4 Muisca EA Scalper.ex4   34 KB | 599 downloads
  • #372
  • Oct 4, 2017 4:31am Oct 4, 2017 4:31am
Quoting Jenx
{quote} Good advice
hello jenx,
why do you prefer m15? is it just because its more handy? thx
trading is like dancing, don't think and just listen to the music!
  • #373
  • Oct 4, 2017 4:55am Oct 4, 2017 4:55am
sysmaya, thanks for sharing
  • #374
  • Oct 4, 2017 5:02am Oct 4, 2017 5:02am
Quoting birdland
{quote} hello jenx, why do you prefer m15? is it just because its more handy? thx
All tfs are valid.
I look at M15 but I also look at the M1 to see the nearest S/R points above and below after consolidation
Where price is now, it has been before, and will be again.
  • #375
  • Oct 4, 2017 5:08am Oct 4, 2017 5:08am
Quoting boxcar
sysmaya, thanks for sharing
In my experience such EA don't work on real accounts. Additionally, EA was tested on MetaaQuotes data on demo and that data is known to be inaccurate (not true tick data) and accurate tick data is essential for scalping EA's.

I tried to back test it using good tick data but the EA could not trade - error 130 meaning stops/TP is too close. My take on this is that this EA will miserbly fail on a real account. So, just a warning - don't get too excited too fast.
  • #376
  • Oct 4, 2017 5:14am Oct 4, 2017 5:14am
Quoting rkp
{quote} In my experience such EA don't work on real accounts. Additionally, EA was tested on MetaaQuotes data on demo and that data is known to be inaccurate (not true tick data) and accurate tick data is essential for scalping EA's. I tried to back test it using good tick data but the EA could not trade - error 130 meaning stops/TP is too close. My take on this is that this EA will miserbly fail on a real account. So, just a warning - don't get too excited too fast.
I've yet to be convinced that any EA , ever, can be consistently profitable in the long term.
But good luck to anyone who is trying.
Where price is now, it has been before, and will be again.
  • #377
  • Oct 4, 2017 7:08am Oct 4, 2017 7:08am
Quoting Jenx
{quote} All tfs are valid. I look at M15 but I also look at the M1 to see the nearest S/R points above and below after consolidation
thx,

a lucky trade wih UC for +10. the stop was very near but not triggered;-)
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM1.png Size: 94 KB
trading is like dancing, don't think and just listen to the music!
  • #378
  • Oct 4, 2017 7:20am Oct 4, 2017 7:20am
Quoting birdland
{quote} thx, a lucky trade wih UC for +10. the stop was very near but not triggered;-) {image}
Thats one of those trades where even if your stop had been hit, the PA would make it a good re entry.
Where price is now, it has been before, and will be again.
  • #379
  • Oct 4, 2017 8:28am Oct 4, 2017 8:28am
Quoting Jenx
{quote} Thats one of those trades where even if your stop had been hit, the PA would make it a good re entry.
re-entry? you mean to wait for a new signal? or immediately re-entry above the 120 ssma?
trading is like dancing, don't think and just listen to the music!
  • #380
  • Oct 4, 2017 8:36am Oct 4, 2017 8:36am
Quoting birdland
{quote} re-entry? you mean to wait for a new signal? or immediately re-entry above the 120 ssma?
No.The criteria for a short was still there. Price hadn't meandered around the MAs but had shot straight through, and then the PA at the swing high was indicative of a stop hunt. This is where subjective thinking comes in.
The probability of that turning into a successful trade was high. Doesn't mean you have to take it, and I don't trade that pair but if that set up had occurred on my chart ,I suspect I would have taken it.
Where price is now, it has been before, and will be again.
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