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

  • #101
  • Jul 25, 2019 8:27am Jul 25, 2019 8:27am
Quoting Cubbybgood
{quote} I've now opened a demo account at OANDA .
Might reconsider. They are soon to limit multiple orders on the same pair. A trader will not be able to have more than one pair with the same size if one of the trades has a TP, ST, or TS. Not knowing the methodology, not sure how it would affect "your" style. But it is affecting mine, so I am currently looking for a different broker.
  • #102
  • Aug 7, 2019 8:49am Aug 7, 2019 8:49am
Quoting Dogalot7
{quote} Might reconsider. They are soon to limit multiple orders on the same pair. A trader will not be able to have more than one pair with the same size if one of the trades has a TP, ST, or TS. Not knowing the methodology, not sure how it would affect "your" style. But it is affecting mine, so I am currently looking for a different broker.
Yeah, this shouldn't be too much of a problem with this strategy at OANDA since virtually every trade on the same pair is a different size.
  • #103
  • Aug 7, 2019 8:56am Aug 7, 2019 8:56am
Just an update regarding the TMA scalping EA. Going well, had a loss on the GBPUSD just over a week ago. Recovery has been very solid since then. The EA does struggle when a pair slowly bleeds in one direction for 100+ pips. I'm still finding this to be unusual price behavior but hey, this is why I have a cutoff in place. The reason I say it's unusual is because within a 100 pip move, we usually get a pullback of 10-20 pips even during volatile news. I see this weakness and will try to think of possible solutions...

This strategy is soon to be used on a live account of $36k at OANDA.

I'm also in talks and currently trading a demo account for a private equity firm based in Europe. Demo account will go for another 1-2 weeks using the TMA EA. Starting account size will likely be 25-50k at Robofx. Funds increase over time to $1 million + is possible.
  • #104
  • Aug 8, 2019 12:56am Aug 8, 2019 12:56am
Hi there
Im running the TMA on OANDA which has a 100 : 1 leverage. I have set the lot size to point .3 the reutrns i see are less then a third profit compaired to what is achieved on the Myfxbook. Just wondering what are other people seing?
  • #105
  • Aug 8, 2019 7:05am Aug 8, 2019 7:05am
Quoting kmthor
Hi there Im running the TMA on OANDA which has a 100 : 1 leverage. I have set the lot size to point .3 the reutrns i see are less then a third profit compaired to what is achieved on the Myfxbook. Just wondering what are other people seing?
Good question.

The tracked TradersWay account is using 500:1 leverage. The TMA strategy is VERY margin heavy. If you’re using 50:1 leverage, this means you’ll technically only be profiting 10% of what a 500:1 leverage account profits. But, the big winner here is you’ll be risking also 90% less.

50:1 leverage potential...
1. 2-3% profit a month.
2. -2% loss cutoff.

Profit it much lower but so is risk.

2-3% profit a month may seem low, but this is all 50:1 leverage can give us with this strategy. If we try to push the risk up, we potentially could run into margin issues. We DON’T WANT THIS!
  • #106
  • Aug 14, 2019 11:20am Aug 14, 2019 11:20am
Big Lose today 27% i have been running live with 6k on OANDA with a leverage of 1:100... i was 190 up and now 147 down.... what are you guys getting?
  • #107
  • Aug 14, 2019 3:54pm Aug 14, 2019 3:54pm
Quoting kmthor
Big Lose today 27% i have been running live with 6k on OANDA with a leverage of 1:100... i was 190 up and now 147 down.... what are you guys getting?
Are you using the TMA startegy that ryan is using?
  • #108
  • Aug 20, 2019 12:41pm Aug 20, 2019 12:41pm
Yep i sure am
  • #109
  • Last Post: Edited 1:35pm Aug 20, 2019 1:05pm | Edited 1:35pm
Quoting kmthor
Yep i sure am
Whoops. I forgot to change the TE. People have been following another broker account as the one at TradersWay's spread was getting to high causing unnecessary losses. I changed after we hit one loss and realized my other broker account using ECN were doing much better. So far so good now...

https://www.myfxbook.com/members/lil...a-test/3472039
https://www.myfxbook.com/members/lil...alping/3490290
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