Scalping Done Right? Cubbybgood's Take On Quick Market Trades

Quoting FXsniper111

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{quote} Like i said you need to put the whole folder into the experts folder then push on it once in the experts and another file comes bye and use that one....It works fine

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Quoting Cubbybgood

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{quote} I think these are correct settings when using account protector. Let me know if I'm wrong here... 1. Loss cut off at -10% 2. TP $10 2. TP 5 pips {image}

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Quoting FXsniper111

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{quote} I am not sure abaut the amount of currencie units,but on main you have equity trail"Hidden" that you can put in dollar amount say 10 dollars and the 5 pip TP on each pair you have to have on each TMA EA individually ore it will close basket at 5 pips i think EDIT:You just have to test with 1000 units and see if it closes at 10 dollars,but i would use the equity trail also to be sure...

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Quoting profitfarmer

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{quote} 7 or 13 ms both very fast.... i get 240-270 ms for the broker server, and can happily scalp on that manually. you are more than likely have some different issue at hand.

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Quoting Cubbybgood

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{quote} I'm actually looking to close at 5 pips basket. Not each pair individually. This idea also decreases exposure. Less profit for sure but keeps things a bit more safe.

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Quoting FXsniper111

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{quote} Ok,but why!!Just keep the basket to close at 10 dollars and have 5 pips TP on individual pairs that way you get a close on each pair at 5 pips...To close a basket for 5 pips seems like a waste to me,but hey its your setup and money... EDIT:With a 5 pips basket close and say all 5 pairs you pay more in spread than profit... EDIT:I still see some of your pairs are still opening 0.02 lots on first trade so to limit exposure that is first step to lower lotisize to the minimum on first opened..

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Quoting Cubbybgood

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{quote} The idea with having a 5 pips basket close and $10 basket close is.... 5 pips profit basket should minimize my exposer when trading multiple pairs. The 5 pip basket profit usually gets hit with just 1-5 trades in the market after 5 or more trades, the $10 profit target takes over. The 5 pip basket causes most orders to close a bit sooner making it so one pair isn't running away from me too far. I want to keep trades closing as fast as possible here. If a basket of trades on 1 pair is lingering, it causes me to be in that pair too long. The...

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Quoting FXsniper111

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{quote} Sure no prob.Like i said its your money...

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Quoting Cubbybgood

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{quote} Hahaha! Well, there is no right answer here honestly! You could absolutely be right. So far this has been working for 24 days as is. Will it continue? I have no frigin idea! What I can say is there is potential here though. How long can I stay under that -10% cutoff for? The big question....

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Quoting FXsniper111

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{quote} What i do belive that with all the trades opened your TMA settings are way to small i would belive you get much better entrys if widen the TMA settings...And lower the tineframe the more widen the settings,but this i am sure you are aware of its common knowledge,,,,

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Quoting Cubbybgood

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{quote} Yes! Fewer trades but likely better entry's. To be honest, I didn't know how well the 30min time frame would work with the TMA in live trading on 5 pairs. Better than I thought. I'll continue to keep an eye on its progress to see if a widened band is necessary. I could experiment with is a widened band or 1 hour time frame. If the trade entry's are better, more risk each trade could be taken. This could mean fewer trades but the same or more profit. Something to explorer as we continue to see how this goes.

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Quoting profitfarmer

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{quote} Ryan, you are setting up yourself for trouble. the highlighted statement vs. the (free) MAM. somehow just not get along this 2. should do the experimenting before getting anyone to follow your trades. even then, it isnt an always smooth ride.

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Quoting FXsniper111

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So you disconected the TE and hide all your numbers in myfxbook,May i ask why??

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Quoting Cubbybgood

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{quote} The TE is still linked. For some reason it just refuses to update! The myfxbook link is back to normal now. Just needed a moment to think some stuff through. I may do some manual trading on this live account as well as using the TMA EA this week...

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Quoting FXsniper111

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{quote} I dont understand why you just didnt let your EA run as it was your demo is doing fine and also kept your cutoff at 10% on manual trades also you dropped 25% in a couple of trades....if i where you,but i am not i would close theese open trades when they still are in profit and start up the EA again,but as account has shrinked a lot use startlot at 0.01,but again its your money...I dont have the crystall ball,but i think EU is to go up some pips EDIT:Well the EURO is weak so might go some up and down

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Quoting Cubbybgood

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{quote} I know this is all going to sound a bit odd but.... I can't get into details here unfortunately. If I can't double my account from where it is right now within the next 30 days, I may NEVER be trading again. Again, I can't disclose why here. It's just if I can't do this, my trading may be done and I'm serious here! I will also likely be deleting my youtube page and my account here at FF as well. It's a VERY unfortunate situation but all I can say is pray for me with this account... The TMA scalping could very well be one of the best systems/EA's...

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Quoting FXsniper111

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{quote} OK....This sound cind of destperate and desperation often can make you try to force the market and that is not often a smart move,I am not to come up with any smart remarks i guess you are trading on creditcards that must be cashed in in 30 days ore someting like that i am not going to dig into that either,but i have just one tip if you are going to try and doubble your account within 30 days....Use a cutoff start small on the first possisions and average in and when the turn comes and you pass Breakeeven try and hold as long as you see...

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