Scalping Done Right? Cubbybgood's Take On Quick Market Trades | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Yet another 100 to 1000 (done) to 10000 (WIP) journal! (Scalping) 16 replies

What EA do you use when scalping to enter the market quick? 0 replies

Right Wrong Right Wrong Right Wrong 13 replies

looking for a UK broker i do a lot of very quick scalping but also hold longer trades 9 replies

Hedging Question - Quick Question Looking for A Quick Answer 1 reply

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

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

  • #81
  • Edited Jun 27, 2019 12:36am Jun 26, 2019 12:17pm | Edited Jun 27, 2019 12:36am
Quoting Cubbybgood
{quote} Did you even read my post this morning? This was abnormal trading for me and needed to make this goal. Otherwise, my trading was likely over for good. Now, I have no need to do massive trades like these in the future. P.S. My DD was 14%. Check?
What is wrong with what I said, you said it yourself “abnormal”, this isn’t trading because of the high risk involved, I wouldn’t brag about it...

And how would you qualify the trading on the demo account attached on this thread ?

Is martingale your normal way of trading ?
LDFX Trading Ltd
  • #82
  • Jul 1, 2019 7:28am Jul 1, 2019 7:28am
Quoting LDFX
{quote} What is wrong with what I said, you said it yourself “abnormal”, this isn’t trading because of the high risk involved, I wouldn’t brag about it... And how would you qualify the trading on the demo account attached on this thread ? Is martingale your normal way of trading ?
The system/EA mentioned in the thread is NOT high risk! It has a 10% cutoff. My live (manual) trading has been a different story.

Since this thread's title has to do with scalping, I will mainly be talking about my TMA EA moving forward....
  • #83
  • Jul 1, 2019 7:42am Jul 1, 2019 7:42am
Well, it's been 48 days now since i started forward testing the TMA EA with these settings. I also started a test at FXOpen back 3 weeks ago.

Profit at both brokers have been VERY steady and consistent. Average monthly gain each month is showing 9.11% which is amazing. The question remains, how long can it go before hitting that -10% loss cutoff? I'm sitting at nearly 15% total profit so even if a loss happens, I will still be in overall profit.

The "Close EA" I have running malfunctioned at fxchoice unfortunately so the TMA EA can not be run there at least using my current Close EA. I've tried a couple of other options for closing out trades which none of them really fit my needs. I will continue to explore more. It's not a huge deal as I'm now copying my trades directly from the TE account you see here to my other broker accounts. Copying the trades seems to be working very well.

Anyway, I still plan on making this system free for people to use but I think it's likely going to have to wait till after my coding school is over. I can't have multiple things going during this time. I will likely let this TE play out during the next 3-4 months. If the TMA EA is still going well, I will likely push a free copy or MAM service pretty heavily then.
  • #84
  • Jul 2, 2019 1:14pm Jul 2, 2019 1:14pm
Quoting Cubbybgood
Well, it's been 48 days now since i started forward testing the TMA EA with these settings. I also started a test at FXOpen back 3 weeks ago. Profit at both brokers have been VERY steady and consistent. Average monthly gain each month is showing 9.11% which is amazing. The question remains, how long can it go before hitting that -10% loss cutoff? I'm sitting at nearly 15% total profit so even if a loss happens, I will still be in overall profit. The "Close EA" I have running malfunctioned at fxchoice unfortunately so the TMA EA can not be run there...
Well now you given back almost half of your profits continue to trade nasdaq even you said yourself that run you had was mostly luck i dont get why you are still in hurry why dont you try your EA at higher leverage at minimum risk startlot 0.01 that way your cutoff is not to be hit often i have started my EA at abaut same size account and use lowest risk 0.01 yesterday i did a manual trade on the side and my main trades will be manual,but i have my EA running on the side just for small gaines,but made 0.51% today and that is very good...And for my manual trades i start 0.1 lot not 1 standard lot a big difference...



EDIT well my DD is max 11% also so can see that i havent traded this account for very long even had it for a while and i started off with a 11 Dd and around 6-7% loss i dont remeber first day after starting trading again the 1. of june and after that while recovering i havent had one loosing day...START SMALL...
Attached Image (click to enlarge)
Click to Enlarge Name: 2.PNG.png Size: 86 KB
Insanityoing same ting over expecting different results..Einstein
  • #85
  • Edited 7:49am Jul 3, 2019 7:35am | Edited 7:49am
Quoting FXsniper111
{quote} Well now you given back almost half of your profits continue to trade nasdaq even you said yourself that run you had was mostly luck i dont get why you are still in hurry why dont you try your EA at higher leverage at minimum risk startlot 0.01 that way your cutoff is not to be hit often i have started my EA at abaut same size account and use lowest risk 0.01 yesterday i did a manual trade on the side and my main trades will be manual,but i have my EA running on the side just for small gaines,but made 0.51% today and that is very good...And...
Well, I don't like talking too much about my manual trading here on this thread but yes, I will explain...

I struggled a bit this week and last. I'm still an emotional trader which I'm trying to control. I feel like I'm getting a bit better overall but still have a long ways to go...

I could give you a long drawn-out explanation but I don't think it's necessary.... Bottom line. I got emotional after the TMA EA lost 18% of my account at fxchoice in 2 hours (while sleeping) because of a malfunction. I do think it can be fixed but it seems to only happen at this broker for some reason. I just really struggled to accept this loss considering it was caused by a malfunction. Anyway, I forced some manual FX trades after and then had some bad luck with the Nasdaq considering it was ranging before and during the G20 summit. I traded a couple false breakouts. Earlier this week I forced more nasdaq trades. The only trades that are working in the past 2 weeks are the ones picked using the rules of my nasdaq system on the 4 hour TF. Just about all the forced trades have been losses.


Last week i should have had just 4 nasdaq trades. All of them on Friday. 3 of the 4 were false breakouts. The last was a big winner making up for the 3 losses with the weekend gap. This was how the system was intended to be traded but I forced more trades after my big winner on Sunday thinking the market would continue after the big gap. I know some traders can trade very well by just feeling the market. I realize, I'm not one of those traders. At least not yet...

I'm still struggling to be patient with my Nasdaq system. it's good but it does require 1-3 days before a good trade arises. I'm forcing trades outside it causing massive losses. I'm finally in a good (none forced) trade this week that could put me close to where I was before the fxchoice TMA loss.

I still want my account to be around $4k before I do another cutback on risk. I will likely only be using my TMA EA during Aug, Sept and Oct so that gives me only another month to manual trade before a break. Probably a needed break though! I just a bit too careless in my traded right now. I know what I need work on.
  • #86
  • Edited 10:58am Jul 3, 2019 8:30am | Edited 10:58am
Quoting Cubbybgood
{quote} Bottom line. I got emotional after the TMA EA lost 18% of my account at fxchoice in 2 hours (while sleeping) because of a malfunction. I do think it can be fixed but it seems to only happen at this broker for some reason. .
Exactly - I don't believe there was a Malfunction - but Manipulation...

Can't beat yourself up because of BSTRDS who toy with us...

And, yes, forcing things are problematic as well!!! But glad you caught that now and not an ongoing "I've got to get this one" (which for some of us is years)....

As far as the mental portion -- this is a great group for that...

https://daytradersacademy.com/mind-over-markets/
  • #87
  • Jul 3, 2019 4:47pm Jul 3, 2019 4:47pm
Quoting Cubbybgood
{quote} The system/EA mentioned in the thread is NOT high risk! It has a 10% cutoff. My live (manual) trading has been a different story. Since this thread's title has to do with scalping, I will mainly be talking about my TMA EA moving forward....

Scalping maybe, but what credibility does it have when doing martingale ?
LDFX Trading Ltd
  • #88
  • Jul 3, 2019 4:49pm Jul 3, 2019 4:49pm
Quoting Cubbybgood
{quote} Well, I don't like talking too much about my manual trading here on this thread but yes, I will explain... I struggled a bit this week and last. I'm still an emotional trader which I'm trying to control. I feel like I'm getting a bit better overall but still have a long ways to go... I could give you a long drawn-out explanation but I don't think it's necessary.... Bottom line. I got emotional after the TMA EA lost 18% of my account at fxchoice in 2 hours (while sleeping) because of a malfunction. I do think it can be fixed but it seems...

Always the same story...

Not your fault you failed but braging when doing well...
LDFX Trading Ltd
  • #89
  • Jul 10, 2019 9:38am Jul 10, 2019 9:38am
Quoting Cubbybgood
{quote} I'm still struggling to be patient with my Nasdaq system. it's good but it does require 1-3 days before a good trade arises. I'm forcing trades outside it causing massive losses. I'm finally in a good (none forced) trade this week that could put me close to where I was before the fxchoice TMA loss.

Curious how it worked out?
  • #90
  • Jul 15, 2019 3:22pm Jul 15, 2019 3:22pm
Quoting Dogalot7
{quote} Curious how it worked out?

The trade did hit my SL unfortunately. Still, I'm doing ok. Taking a bit of a manual trading break till I'm done with coding school. I will likely go back to trading manually after.
  • #91
  • Jul 15, 2019 3:27pm Jul 15, 2019 3:27pm
I will be making my TMA EA free to copy (by request) until OCT 25th. I have no plans of how to approach this after that. I'll be hopefully setting this all up in the next 1-2 weeks.

You can see my video update about it here!
Inserted Video
  • #92
  • Jul 15, 2019 5:05pm Jul 15, 2019 5:05pm
Thanks for your willingness to allow us to do what you propose... Unfortunately, the account I have is only 50 --- not 200.

I also like you are honest with the other things going on (live trading and the Broker messing with your EA -- wasn't a malfunction)(and dedication to your education which will take time away from FF).

I'd appreciate an understanding on what the TMA is basing the trades on -- don't have to give every detail, but a basic understanding -- if I should look into a 200 type account --

I've been using the RMA with a little modification to the settings and have found it profitable - and just wondering what the TMA has to offer...

Again I appreciate your willingness to share systems with the unknown people that are out there looking for help/ideas...

(seasonality is working out well too -- --)
  • #93
  • Jul 15, 2019 5:12pm Jul 15, 2019 5:12pm
Quoting Dogalot7
Thanks for your willingness to allow us to do what you propose... Unfortunately, the account I have is only 50 --- not 200. I also like you are honest with the other things going on (live trading and the Broker messing with your EA -- wasn't a malfunction)(and dedication to your education which will take time away from FF). I'd appreciate an understanding on what the TMA is basing the trades on -- don't have to give every detail, but a basic understanding -- if I should look into a 200 type account -- I've been using the RMA with a little...

Yes, I plan on going into every detail about the methodology and mm. I hate when people don't disclose the details regarding system methodology. How can you use a strategy you don't fully understand?

This will likely be disclosed in my next video.
  • #94
  • Jul 21, 2019 8:29am Jul 21, 2019 8:29am
Quoting FXsniper111
{quote} How abaut using a TMA indi for your first possisions like on 1 ore 5 minute???If you look at Georges tread:https://www.forexfactory.com/showthread.php?t=874421 Theres a no repaint TMA on post 4 and also some indications on settings i added that to the way i trade and its a very good adittion... EDIT:I am also told theres a lot of goddies in that tread abaut Priceaction and moneymanagement...

Hi I’ve been involved in George’s thread and lucky enough to trade with him and speak with him often. I can tell you there are some gems in the thread. Unfortunately even with all the gems still not many people will succeed. George has been trading since the beginning of trading with paper charts.

The TMAs work on all time frames but a smaller time frame as an entry would be better.

I think this EA is onto something as was the RMI but trying to get your account doubled in a month is a lot of risk.

Personally since I cut all my pointless indicators looked at price action and simple money management my trading has improved by 500%.

Ive been trading a few years and for me trading is a living and I do ok from it. But one thing all should note is that sharing your full profitable strategy on FF will not be good long term. The market is manipulated and you can use it to your advantage as we do.

But posting something good in full will sooner or later get hunted and force you to move to the next idea.

Moving from system to system monthly is why the 1% exists.

In 6 weeks just manual trading with a very small 10% drawdown I’ve achieved 70% gains in 6 weeks.

I know of a few traders on FF that haven’t had a loss in 2 years. Which takes patience and discipline. But also good money management.

I guess what I’m trying to say here is find something that works. Use it for your own trading and if you want to help other trades then help them but make them do the hard work. You don’t know who you an trust in life and many traders are in it for themselves which they do rightly should be.

Ps- I have a masters in coding and it took me 9 years to be competent enough in doing it it’s not as easy as people think. You an spend days and days on a project that would usually take someone a few hours.

I myself have 4 EAs that work of TMA levels but I would never release them in public.

There is is plenty of money to be made but only when you accept the manipulation and how the market is going to make its next trillion. When you do that you can play it

cheers
  • #95
  • Jul 21, 2019 11:14am Jul 21, 2019 11:14am
Quoting Daniel2775
{quote} Hi I’ve been involved in George’s thread and lucky enough to trade with him and speak with him often. I can tell you there are some gems in the thread. Unfortunately even with all the gems still not many people will succeed. George has been trading since the beginning of trading with paper charts. The TMAs work on all time frames but a smaller time frame as an entry would be better. I think this EA is onto something as was the RMI but trying to get your account doubled in a month is a lot of risk. Personally since I cut all my pointless...
It is a pity that they think so.
I think that if you have success always something is returned.
there is always the time when you need help, if everyone thought that way we would be alone
sorry for my English
  • #96
  • Jul 21, 2019 11:44am Jul 21, 2019 11:44am
Quoting enrique75
{quote} It is a pity that they think so. I think that if you have success always something is returned. there is always the time when you need help, if everyone thought that way we would be alone sorry for my English
Yeah it is. Unfortunately people that have failed don’t like people that have made it and the biggest issue is they then try to make themselves feel better by attacking the people that are doing well instead of learning from it.

But it there’s only ever one loser and when people are on FF slating people calling people liers it’s no good.

You see it all the time then people like George just shut the threads down which he now has done.
  • #97
  • Jul 21, 2019 7:13pm Jul 21, 2019 7:13pm
Quoting Daniel2775
{quote} Hi I’ve been involved in George’s thread and lucky enough to trade with him and speak with him often. I can tell you there are some gems in the thread. Unfortunately even with all the gems still not many people will succeed. George has been trading since the beginning of trading with paper charts. The TMAs work on all time frames but a smaller time frame as an entry would be better. I think this EA is onto something as was the RMI but trying to get your account doubled in a month is a lot of risk. Personally since I cut all my pointless...

I do agree about trying to double an account in a month is useless. I know better. As of now, the hardest the TMA EA can be pushed is 10-20% a month which is very good. Pushing it that hard would need a -20% loss cutoff. Still, it may be to early to tell if these hard settings would hold up though.

Anyway, my TMA EA is showing a lot of potential. I don't think it's profitable at every broker using my Close EA function though. The Close EA I'm using already caused problems at fxchoice. Seemed to work very well at fxopen and TradersWay. I've now opened a demo account at OANDA to see how it does with just 50:1 leverage. I'll be posting that tracked account next week.

Technically I have 2 EA's that trade like this. Each uses different indicators but the methodology is similar. I've tested the other for a while now. So far getting profitable results with both.

I feel the market is getting harder and harder to read each year when it comes to standard trading tools. I've been looking into ideas revolving around scalping. This strategy incorporates that there is a high possibility for a 5-10 pip pullback on every pair used from my entry point with in a 100 pip move. The key is not entering too early. This is why I use the m30 to obtain more market data before entry. As mentioned before, I didn't know how good the strategy would be and that's because it's using 5 pairs. I was able to backtest it on each pair individually with positive results but when 5 pairs are involved together, you just never know. Over 1,600 trades logged and almost 70 days old, the strategy is still going strong. The -10% cutoff is still yet to be hit. I think I need another 2-3 months before I can REALLY say this is here to stay.

In response to your comment...

"Use it for your own trading and if you want to help other trades then help them but make them do the hard work"

Trading profitably takes such a long time. I'm still not even there yet. I get your point though. It takes hard work to make it to a comfortable spot. It's not necessarily fair to give so much with nothing in return. I've got other projects coming up that require my attention. The TMA EA still needs more time to establish itself. Because of this, I will likely allow people to at least copy the trades for free till I can focus more on trading myself. When I'm able to do that (likely November 2019) I will approach things in a different way. Different, doesn't necessarily mean paid either. Look at it as a sort of trial run for a new idea.
  • #98
  • Jul 21, 2019 8:16pm Jul 21, 2019 8:16pm
Quoting Daniel2775
{quote} Hi I’ve been involved in George’s thread and lucky enough to trade with him and speak with him often. I can tell you there are some gems in the thread. Unfortunately even with all the gems still not many people will succeed. George has been trading since the beginning of trading with paper charts. The TMAs work on all time frames but a smaller time frame as an entry would be better. I think this EA is onto something as was the RMI but trying to get your account doubled in a month is a lot of risk. Personally since I cut all my pointless...

Well said Daniel... you hit the nail on the head.

My biggest mmmm My biggest contribution to my success was letting go of my preconceived notions ideas etc of how the spot fx market moves and why.

George opened my eyes...to say the least i am sure he has mentioned it. ANd what a blessing to be such good friends
with George... To have spent so much time trading with him..learning discussing etc... just a true blessing.

And once opened to the PRECISION THE PRECISENESS of this market ..My trading went from as i have said many times..
from a DECENT trader to a trader that my returns, my profits and my trade metrics are beyond what i could have ever imagined.
Are beyond what most can believe.....

And yes TMAs are part of the equation And some things just should not be shared publically......thats the cold hard truth

And BTW HELLO CUBBY !!! Been many years since I have seen you here....

Cheers
Kevin
Master your Mind,,,Master the Market
  • #99
  • Jul 22, 2019 1:28am Jul 22, 2019 1:28am
Quoting bluesteele
{quote} Well said Daniel... you hit the nail on the head. My biggest mmmm My biggest contribution to my success was letting go of my preconceived notions ideas etc of how the spot fx market moves and why. George opened my eyes...to say the least i am sure he has mentioned it. ANd what a blessing to be such good friends with George... To have spent so much time trading with him..learning discussing etc... just a true blessing. And once opened to the PRECISION THE PRECISENESS of this market ..My trading went from as i have said many times.. from a...
Same for me mate. Theres much more too it all but it is possible to make a very good living safely from forex.
  • #100
  • Jul 22, 2019 1:31am Jul 22, 2019 1:31am
Quoting Cubbybgood
{quote} I do agree about trying to double an account in a month is useless. I know better. As of now, the hardest the TMA EA can be pushed is 10-20% a month which is very good. Pushing it that hard would need a -20% loss cutoff. Still, it may be to early to tell if these hard settings would hold up though. Anyway, my TMA EA is showing a lot of potential. I don't think it's profitable at every broker using my Close EA function though. The Close EA I'm using already caused problems at fxchoice. Seemed to work very well at fxopen and TradersWay. I've...

all sounds positive im sure you will get there mate any one with hard work has a chance to make it.
0 traders viewing now