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Scalping System JALNO

  • #61
  • Nov 20, 2017 8:06am Nov 20, 2017 8:06am
Quoting knullasomfan
{quote} Very true. But we could work on it on an higher TF maybe ;-)
Go for it.
Personally 1 min suits me. I dont like holding trades too long. Life has to be lived too outside forex.
myfxbook DOT com/members/TopTradeBot
  • #62
  • Nov 20, 2017 8:10am Nov 20, 2017 8:10am
I think this good thread is in now in garage to fix something that is not damaged yet. So how to damage this?
We need a higher timeframe and we need something changing. If no changes, no happy with it.

I will follow this and we look some pages in future how this is going.
Perfection is the enemy of good enough!
  • #63
  • Nov 20, 2017 8:16am Nov 20, 2017 8:16am
Quoting MichaelSch
I think this good thread is in now in garage to fix something that is not damaged yet. So how to damage this? We need a higher timeframe and we need something changing. If no changes, no happy with it. I will follow this and we look some pages in future how this is going.
Well its a scalping thread. So timeframe not increasing. Your message a bit cryptic tbh.
myfxbook DOT com/members/TopTradeBot
  • #64
  • Nov 20, 2017 8:52am Nov 20, 2017 8:52am
Quoting MichaelSch
I think this good thread is in now in garage to fix something that is not damaged yet. So how to damage this? We need a higher timeframe and we need something changing. If no changes, no happy with it. I will follow this and we look some pages in future how this is going.
He was referring to me. I am not trying to damage this thread. If you see, the trade I attached was made in M1. So, no disrespect on this thread. I was considering something, not saying that an higher TF will fit better than M1.
  • #65
  • Nov 20, 2017 8:59am Nov 20, 2017 8:59am
What a ridiculously easy system !!

My 3 trades so far today and 2 from the Asian sesh ( i'm in Hong Kong ).

Hoping for a couple more before I call it a day.

Thanks Jalno
Attached Images
  • #66
  • Nov 20, 2017 9:31am Nov 20, 2017 9:31am
Do you only trade this with EURUSD, or can we test it with GBP and JPY?
Perfection is the enemy of good enough!
  • #67
  • Nov 20, 2017 9:40am Nov 20, 2017 9:40am
Quoting MichaelSch
Do you only trade this with EURUSD, or can we test it with GBP and JPY?
I am also testing with EURGBP and USDJPY.
USDJPY has spread close to zero.
EURGBP is active in Euro session but spread 0.2/0.3 compared to GBPUSD 0.6/0.7, so you can get GBP exposure with lower spread and therefore improve profitability.
USDJPY 5/5 today (22.5)
EURGBP (2/3) today (-4.5).
EURUSD (1/1) today. (4.5)
myfxbook DOT com/members/TopTradeBot
  • #68
  • Nov 20, 2017 10:04am Nov 20, 2017 10:04am
Quoting TradeForex1
{quote} I am also testing with EURGBP and USDJPY. USDJPY has spread close to zero. EURGBP is active in Euro session but spread 0.2/0.3 compared to GBPUSD 0.6/0.7, so you can get GBP exposure with lower spread and therefore improve profitability. USDJPY 5/5 today (22.5) EURGBP (2/3) today (-4.5). EURUSD (1/1) today. (4.5)
hi,

Can you show your usdjpy trades? thanks!
  • #69
  • Nov 20, 2017 10:32am Nov 20, 2017 10:32am
Quoting nbelchior
{quote} hi, Can you show your usdjpy trades? thanks!
8.57 Long
9.35 Short
10.09 Long
12.43 Long
13.22 Long
15.34 Long

All winning trades. The 12.43 was TP at 13.19, so a new signal was at 13.22 (6/6)
All times GMT+2
myfxbook DOT com/members/TopTradeBot
  • #70
  • Nov 20, 2017 10:38am Nov 20, 2017 10:38am
BOOM>>>>EURUSD.
Short 18.35 @ 1.1744
2 minute trade!!!
+4.5. (2/2 today)

Today:
EURUSD: +9
USDJPY: +27 (under evaluation)
EURGBP: -4.5 (under evaluation)
myfxbook DOT com/members/TopTradeBot
  • #71
  • Nov 20, 2017 10:41am Nov 20, 2017 10:41am
Quoting TradeForex1
{quote} 8.57 Long 9.35 Short 10.09 Long 12.43 Long 13.22 Long 15.34 Long All winning trades. The 12.43 was TP at 13.19, so a new signal was at 13.22 (6/6) All times GMT+2
Ok thanks a lot, and why didnt you take the trade at 12.09 short?
  • #72
  • Nov 20, 2017 10:43am Nov 20, 2017 10:43am
Quoting nbelchior
{quote} Ok thanks a lot, and why didnt you take the trade at 12.09 short?
You have to ENTER at the open of the 2nd BAR.
That was at 12.02. Price well above 200 SMA at 12.02 so not valid trade.
Please re-read Post#1
myfxbook DOT com/members/TopTradeBot
  • #73
  • Nov 20, 2017 10:45am Nov 20, 2017 10:45am
Quoting TradeForex1
{quote} You have to ENTER at the open of the 2nd BAR. That was at 12.02. Price well above 200 SMA at 12.02 so not valid trade. Please re-read Post#1
ah ok. You only enter the trade if the 1 bar and the 2 bar is above/under the 200ma.
  • #74
  • Nov 20, 2017 10:47am Nov 20, 2017 10:47am
Attached Image (click to enlarge)
Click to Enlarge Name: 12.02.jpg Size: 225 KB
myfxbook DOT com/members/TopTradeBot
  • #75
  • Nov 20, 2017 10:47am Nov 20, 2017 10:47am
Quoting TradeForex1
BOOM>>>>EURUSD. Short 18.35 @ 1.1744 2 minute trade!!! +4.5. (2/2 today) Today: EURUSD: +9 USDJPY: +27 (under evaluation) EURGBP: -4.5 (under evaluation)
Missed the last EU trade was having dinner,but anyway usualy I am going to work from 18:30 those trades will not be taken
Trade with 60
  • #76
  • Nov 20, 2017 10:51am Nov 20, 2017 10:51am
Quoting TradeForex1
{image}
Ok one more question. and this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 46 KB
  • #77
  • Nov 20, 2017 10:52am Nov 20, 2017 10:52am
you didnt take this trade because you had already other position?
  • #78
  • Nov 20, 2017 10:54am Nov 20, 2017 10:54am
Quoting nbelchior
{quote} Ok one more question. and this trade? {image}
Its valid signal but ALREADY in the long from 12.43 about 12 minutes prior. Don't be long and short at same time.
As i mention NO FLIP SIGNAL.(reverse)
When in buy stay in trade until TP or SL.
myfxbook DOT com/members/TopTradeBot
  • #79
  • Nov 20, 2017 10:55am Nov 20, 2017 10:55am
Quoting TradeForex1
{quote} Its valid signal but ALREADY in the long from 12.43 about 12 minutes prior. Don't be long and short at same time. As i mention NO FLIP SIGNAL.(reverse) When in buy stay in trade until TP or SL.
ok thanks my friend. Nice system you have here. Itīs very consistent. Itīs what iīm looking for. Thanks for sharing
  • #80
  • Nov 20, 2017 12:46pm Nov 20, 2017 12:46pm
Quoting nbelchior
{quote} ok thanks my friend. Nice system you have here. Itīs very consistent. Itīs what iīm looking for. Thanks for sharing
Yes, today survived very choppy morning on USDJPY and did trumps on it. So system proved robust in tight directionless morning.
EURUSD was very straightforward, 2 sells in a downtrending session.
EA should be ready soon, just ironing out some final bugs,
Stay out of EURGBP tommorrow until post 1030am GMT. GBP inflation report at 10.
myfxbook DOT com/members/TopTradeBot
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