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M5 USDJPY Scalping System in 3 steps

  • #101
  • Feb 8, 2018 9:06pm Feb 8, 2018 9:06pm
Hi FXMD,

I tried using the indicators but what it came out is 109.228, 109.188, 109.148. Tried to manually switch it to .000 but i can't do that. How do i fix it?
  • #102
  • Feb 8, 2018 9:13pm Feb 8, 2018 9:13pm
Quoting yumnyap
Hi FXMD, I tried using the indicators but what it came out is 109.228, 109.188, 109.148. Tried to manually switch it to .000 but i can't do that. How do i fix it?
Type in 110.000
Grind until you no longer have to introduce yourself. 4:30am club
  • #103
  • Feb 14, 2018 3:15am Feb 14, 2018 3:15am
click on draw HORIZONTAL LINE and paste it on your chat. then double click on the line you will see small white box on the right side of that horizontal line.

RIGHT CLICK on the box to enter any figure you wish to write.

i hope this help.
  • #104
  • Feb 24, 2018 9:19am Feb 24, 2018 9:19am
hey fxmd, any luck in creating an EA for this system yet ? I can find out cost with a coder i know if you like... TIA
supply & demand is a farce !
  • #105
  • Mar 2, 2018 2:48pm Mar 2, 2018 2:48pm
I had a go for sh*ts and giggles. Scalping makes me unbelievably nervous though. Mixed success. 5/2 ratio win ratio so far. I'm looking at ways to improve selection. Rules so far- if EMA6 is above EMA33 and EMA60 then only trade longs. If below EMA6 below, then shorts.
  • #106
  • Mar 2, 2018 9:53pm Mar 2, 2018 9:53pm
Quoting rustydavo
I had a go for sh*ts and giggles. Scalping makes me unbelievably nervous though. Mixed success. 5/2 ratio win ratio so far. I'm looking at ways to improve selection. Rules so far- if EMA6 is above EMA33 and EMA60 then only trade longs. If below EMA6 below, then shorts.
Hi Rusty,
May I ask what do you mean by 5/2 ratio win?
  • #107
  • Mar 2, 2018 10:17pm Mar 2, 2018 10:17pm
Quoting bumb
hey fxmd, any luck in creating an EA for this system yet ? I can find out cost with a coder i know if you like... TIA
No thanks I Trade this manually but you can try if it suited better for you to make it automated
Grind until you no longer have to introduce yourself. 4:30am club
  • #108
  • Mar 3, 2018 1:56am Mar 3, 2018 1:56am
The trade pad doesn't work for me...sad face in the top right too
  • #109
  • Mar 3, 2018 8:35am Mar 3, 2018 8:35am
can it be traded without any indicators, if so what are the rules.

why not eurjpy instead of usdjpy ?

asian markets open at 1am london, u.k. time , is that what everyone is following here.
  • #110
  • Mar 3, 2018 9:41am Mar 3, 2018 9:41am
Quoting Emerald2112
The trade pad doesn't work for me...sad face in the top right too
Reinstall all indicators and ea from post 1
Grind until you no longer have to introduce yourself. 4:30am club
  • #111
  • Mar 3, 2018 9:41am Mar 3, 2018 9:41am
Quoting whatfx
can it be traded without any indicators, if so what are the rules. why not eurjpy instead of usdjpy ? asian markets open at 1am london, u.k. time , is that what everyone is following here.
This pair is the one that’s has proven to give best results
Grind until you no longer have to introduce yourself. 4:30am club
  • #112
  • Mar 3, 2018 6:00pm Mar 3, 2018 6:00pm
Posted this in another thread today. Thought it might help some here.

I dare say, most traders, especially new to the scene, cannot handle a 50% win loss ratio mentally. Especially is there is a number of straight losses. Yet this is exactly what a trader needs to learn the most. I don't think you can learn it from a thread.

Reading an awesome book right now.

Attached Image



She make a comparison between Chess and Poker.

You can teach a newb for 5 minutes how to play Poker and they can beat a professional Poker player for the first few hands, simply by the luck of the draw.
You cannot teach a newb how to play Chess for 5 minutes and have them beat a Grand Master. The Grand Master will ALWAYS win. Life and trading is more like Poker. Yet so many traders think trading is like Chess.

This has been an interesting book to go through. I'm sure others will find it interesting as well.

I know one trader who's winning percentage is around 40%. How would most like to lose 6 straight before winning 4. This traders target is a minimum 4R. Psychologically we are beat if we over focus on the losers and not on the process. One simple thing that may help some. If you are following your trading plan all trades that come up a loss are "Failed" trades. Not losers.

Trading and life is like Poker. As the song goes..."You gotta know when to hold 'um and know when to fold 'um. Know when to walk away and know when to run.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #113
  • Mar 3, 2018 6:06pm Mar 3, 2018 6:06pm
Quoting Rufus
Posted this in another thread today. Thought it might help some here. I dare say, most traders, especially new to the scene, cannot handle a 50% win loss ratio mentally. Especially is there is a number of straight losses. Yet this is exactly what a trader needs to learn the most. I don't think you can learn it from a thread. Reading an awesome book right now. {image} She make a comparison between Chess and Poker. You can teach a newb for 5 minutes how to play Poker and they can beat a professional Poker player for the first few hands, simply by...

By the way. The author of the above book was the first woman to win the World Series of Poker. Here is an awesome podcast. Enjoy!!!

http://player.themoth.org/#/?actionT...AY&storyId=971
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #114
  • Mar 3, 2018 7:06pm Mar 3, 2018 7:06pm
Is the Trade Pad an indicator or is it in the Expert Folder? TIA
  • #115
  • Mar 3, 2018 7:13pm Mar 3, 2018 7:13pm
Quoting yves11
Is the Trade Pad an indicator or is it in the Expert Folder? TIA
Expert
Grind until you no longer have to introduce yourself. 4:30am club
  • #116
  • Mar 3, 2018 7:17pm Mar 3, 2018 7:17pm
Is it this?
Attached File(s)
File Type: ex4 PZ_TradePadEAMILLIONAIRESFACTORY.ex4   731 KB | 665 downloads
  • #117
  • Mar 3, 2018 11:55pm Mar 3, 2018 11:55pm
Quoting Rufus
{quote} By the way. The author of the above book was the first woman to win the World Series of Poker. Here is an awesome podcast. Enjoy!!! http://player.themoth.org/#/?actionT...AY&storyId=971
Thank you, Rufus!! That was so interesting to hear!!
  • #118
  • Mar 6, 2018 11:19am Mar 6, 2018 11:19am
Hey,

I was trying this system manually, my problem is that even though price reached 1.06002 it did not reach 106.000 so my pending order did not triggered. Anybody had this problem or a solution. Here's a screenshot of what I mean..
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 63 KB
  • #119
  • Mar 11, 2018 1:23am Mar 11, 2018 1:23am
I am having a 60% win rate after testing this for roughly three weeks. Is anybody having a better success with it?
  • #120
  • Mar 11, 2018 3:58am Mar 11, 2018 3:58am
Quoting RaysJourney
I am having a 60% win rate after testing this for roughly three weeks. Is anybody having a better success with it?
No. 50/50, but I am still studying some filters. Can I ask you, do you use any indicators or moving averages? Or are you using the original rules? Thanks in advance.
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