Attachments: Fast Scalping System

Fast Scalping System

Post #41
Quote
Jun 4, 2013 12:22am Jun 4, 2013 12:22am

jhehe
| Joined Jan 2012 | Status: Just Pippin' | 459 Posts

Quoting gonso

Disliked

{quote} Interesting. But I have 3 questions: 1. according to your rules, points with the red arrows would have been good entries. Why did you not enter or consider entering? 2. according to your rules, point with the green arrow would have been correct, wouldn't it? 3. what stop loss do you use? I'll try. Happy pips gonso {image}

Ignored

great diagram. this is one of the reasons why i avoid moving average and price cross. trending markets work absolutely fine, but once the market settles down, it causes problems including false signals. imo, best to use a volatility indicator to make sure there's enough 'action' or a parabolic sar and lower the sensitivity so that after price cross, wait a few bars until parabolic sar confirms.

Post #42
Quote
Edited at 6:46am Dec 14, 2017 6:05am | Edited at 6:46am

Ronald123
| Joined Jul 2012 | Status: Member | 161 Posts

Quoting Rexz

Disliked

Again if you guys had followed posts or tried this out you would realise that it has an alert for when the scalpline changes colour from buy/sell.

Ignored

Actually, the scalpline indicator is the same as the 'buy sell magic' indicator (with pop-up windows and email alerts), set to 21 (bollinger bands period) and 1 (bollinger bands deviation) - build in rules: buy when price closes above the upper bollinger band, sell when price closes below the lower bollinger band. You can download the 'buy sell magic' indicator(s) here for free: http://forexwinners.net/forex/buysell-magic/

Attached Image (click to enlarge)

Click to Enlarge

Name: BuySell-Magic-Indicator.jpg
Size: 157 KB

Here's the BuySell-Magic indicator with optional 'PushAlert':

Attached File

indicator02.ex4 26 KB | 573 downloads

Attached File

indicator02.mq4 7 KB | 648 downloads

Cheers!

95% of the people don't believe 100% they can win, that's why they lose

Post #43
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Dec 14, 2017 1:01pm Dec 14, 2017 1:01pm

marcmarc
Joined Feb 2010 | Status: Retired from the fray | 231 Posts

Quoting bogdan89

Disliked

. It's easier to trade when you have enough money to sustain drawdowns, but if you are like me, you don't! So what do you do in this case? The answer is:.....

Ignored

The answer is: save up enough money so your account can sustain some drawdowns.

Do you really think a fast scalping method, or indeed any other method at all, is somehow going to magically absolve your account from suffering drawdowns along the way? Drawdown is a fact of trading, and it is a fact because no-one can be consistently right in their trading calls. Trading is a probabilities game, and with probabilities much closer to 50% than we care to freely admit.

If you don't have enough money to trade an account properly then don't trade until you do. You can demo trade and gain priceless experience with no funds at all, and you can start live trading with minimal position size so the account hardly has to be millionaire status to be viable. All you are going to do is lose the little you have and that is not going to help you get where you want to go.

Post #44
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Dec 14, 2017 6:37pm Dec 14, 2017 6:37pm

Roszey
Joined Nov 2013 | Status: Busy | 1,396 Posts

Moving Average worst nightmare is RANGING market conditions

Le$$ I$ More

Post #45
Quote
Dec 14, 2017 9:26pm Dec 14, 2017 9:26pm

thangnd.1211
| Joined Dec 2016 | Status: Member | 244 Posts

Quoting Ronald123

Disliked

{quote} Actually, the scalpline indicator is the same as the 'buy sell magic' indicator (with pop-up windows and email alerts), set to 21 (bollinger bands period) and 1 (bollinger bands deviation) - build in rules: buy when price closes above the upper bollinger band, sell when price closes below the lower bollinger band. You can download the 'buy sell magic' indicator(s) here for free: http://forexwinners.net/forex/buysell-magic/ {image} Here's the BuySell-Magic indicator with optional 'PushAlert': {file} {file} Cheers!

Ignored

i will test it, thank you