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Currency Grail Scalping System

Quoting Batuvisser
This strategy is a waste of time.. You can look at any timeframe for literally 10 seconds and I hope you will notice that it is full of BS. Can't believe people place trades based on this pdf.
i checked your profile all your replies are negative across the threads you post on, trouble in paradise ?
im not claiming anything here is going to make you successful just came across it and wanted to see if other could get something out of it.
Quoting Batuvisser
This strategy is a waste of time.. You can look at any timeframe for literally 10 seconds and I hope you will notice that it is full of BS. Can't believe people place trades based on this pdf.
Relax ... I'm using a demo acct just to check it out. Won a couple so far ... more than I can say about the thousands of other strategies found here.
PDF looks really fishy and uncredible,
not to unmotivate you testing this, good luck
'You don't know how'-ninner 2020 'Good way to lose money'- kodakwhite 2021
Quoting Batuvisser
This strategy is a waste of time.. You can look at any timeframe for literally 10 seconds and I hope you will notice that it is full of BS. Can't believe people place trades based on this pdf.
Fellow traders, remember that this member is sharing his opinion to help, not to smear.
Honesty is better than false hope
'You don't know how'-ninner 2020 'Good way to lose money'- kodakwhite 2021
Quoting Lekkim
{quote} ... Honesty is better than false hope
LOL ... "false hope"? You've succinctly described the entire FX market (and the U.S. Congress). We have a Food and Drug Admin and we're the fattest nation on the planet because of the garbage the food industry sells. A Drug Enforcement Agency that'll throw you or I into prison for peddling the drugs (marijuana) that the CIA is peddling (only theirs are much more addictive ... like heroin, cocaine or meth). I could go on and on, but I'm sure you got the picture. "False hope" ... LOL.

Let people decide for themselves ... it's a pretty simple system.
back testing this method over two years of data the results are very poor. It would be more profitable to plot a 20ema and trade all engulfing patterns in the direction of the ema.
at last holy grail reaveal, permanent profit
Quoting peterhenders
back testing this method over two years of data the results are very poor. It would be more profitable to plot a 20ema and trade all engulfing patterns in the direction of the ema.
yeah, but in the same time can appear setup in all time frames from m15 in just one pair
Quoting tenthman
{quote} I was looking at the H1 charts ... I just entered a trade a few hours ago and the chart is attached. That pic shows it nearly hitting my TP ... you can see that the spread stresses the TP. It went on to win, but I only made ~$16. The setup candles were the 2nd and 3rd candles back from the vertical blue line. {image}
Hello pls where can i get that Trade manager from in your chart?

Thanks
Quoting tenthman
{quote} LOL ... "false hope"? You've succinctly described the entire FX market (and the U.S. Congress). We have a Food and Drug Admin and we're the fattest nation on the planet because of the garbage the food industry sells. A Drug Enforcement Agency that'll throw you or I into prison for peddling the drugs (marijuana) that the CIA is peddling (only theirs are much more addictive ... like heroin, cocaine or meth). I could go on and on, but I'm sure you got the picture. "False hope" ... LOL. Let people decide for themselves ... it's a pretty simple...
I was just stating, that sometimes a brutally honest opinion may help traders more.
Isn't it was this forum is about, though? But yea much you state above might be true^
'You don't know how'-ninner 2020 'Good way to lose money'- kodakwhite 2021
A positive note: tenthman; The risk-reward tool you show with screenshot on page 1, seems more interesting than the method, does it work on both mt4 and 5?
'You don't know how'-ninner 2020 'Good way to lose money'- kodakwhite 2021
Quoting Lekkim
A positive note: tenthman; The risk-reward tool you show with screenshot on page 1, seems more interesting than the method, does it work on both mt4 and 5?
I paid $49 for the Premium version. https://www.riskrewardratio.club/ I think it works in MT5 too, but I use MT4. It's good for doing quick calculations for position sizing; I have entered trades and not have my TPs, set up by the software, NOT close out the trade. Not sure if this is the fault of the software or if MT4 is to blame. I've only had it for a couple of months so I can't honestly recommend it.
Quoting tenthman
{quote} I paid $49 for the Premium version. https://www.riskrewardratio.club/ I think it works in MT5 too, but I use MT4. It's good for doing quick calculations for position sizing; I have entered trades and not have my TPs, set up by the software, NOT close out the trade. Not sure if this is the fault of the software or if MT4 is to blame. I've only had it for a couple of months so I can't honestly recommend it.
As far as I recall that is an MT4 STP/ECN issue. The platform will not pass SL or TP with the initial order, they have to be placed separately. SL and TP can be taken and placed if NOT ECN.
Do any of you have a mql indicator/script on hand which visually shows position margin$ as cTrader provide?
This should be basic in MT as well since this is the single most important parameter regarding position sizing and risk management imo
'You don't know how'-ninner 2020 'Good way to lose money'- kodakwhite 2021
i spent some minutes made an EA to backtest eurusd 1 year tick data, it seems profitable and i think it however need tuned somehow to work live. for example some orders may last days or weeks before it reaches TP. if i had more time i would add hedge or martingale and see how it goes.
Quoting Batuvisser
This strategy is a waste of time.. You can look at any timeframe for literally 10 seconds and I hope you will notice that it is full of BS. Can't believe people place trades based on this pdf.
I agree, 1 pip of the 15 minutes it will just waste your time and be eaten up by spread an commisions..
Quoting mtruefx
{quote} I agree, 1 pip of the 15 minutes it will just waste your time and be eaten up by spread an commisions..
lowest i would go is the 1 hour chart

Quoting chenxee
i spent some minutes made an EA to backtest eurusd 1 year tick data, it seems profitable and i think it however need tuned somehow to work live. for example some orders may last days or weeks before it reaches TP. if i had more time i would add hedge or martingale and see how it goes.
any chance you could share this ea, try rr of 3 to 1
  • Post #58
  • Quote
  • Edited at 4:29am Nov 22, 2019 4:13am | Edited at 4:29am
EDIT: It is hit TP..

on the way to TP..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20191122-161240_MetaTrader 4.jpg Size: 579 KB
Price can be manipulated but TRUE VALUE is NOT!!
Quoting Moolah
{quote} lowest i would go is the 1 hour chart {quote} any chance you could share this ea, try rr of 3 to 1
here you are. i simply implemented the set up PDF described, didn't put any stop loss. author however used words like "significantly greater than" which hard to interpret, i just code it the way i comprehend...
Attached File
File Type: mq4 scp.mq4   3 KB | 818 downloads
Quoting chenxee
{quote} here you are. i simply implemented the set up PDF described, didn't put any stop loss. author however used words like "significantly greater than" which hard to interpret, i just code it the way i comprehend... {file}
thank you
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