Forex Scalping Strategy - Full Video Course | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

scalping strategy 31 replies

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

strategy builder/tester for new scalping strategy 1 reply

1M & 5M Scalping System (Scalping Paradise) 21 replies

My strategy to become a full time forex trader 174 replies

Attachments: Forex Scalping Strategy - Full Video Course
Exit Attachments

Forex Scalping Strategy - Full Video Course

  • #21
  • Apr 14, 2020 8:34am Apr 14, 2020 8:34am
I would even put the first div on the HH before your blue line. And the red one is the second for me.


Attached Image (click to enlarge)
Click to Enlarge Name: div.PNG Size: 34 KB
  • #22
  • Apr 14, 2020 9:02am Apr 14, 2020 9:02am
Quoting redfan
{file} this is very good
You may have to download it directly from the MQL5, in the market, page 6. Click on MT4 indicators ,
then click on free and go to page 6, see picture.

Attached Image
  • #23
  • Apr 14, 2020 9:23am Apr 14, 2020 9:23am
Hi zoheb01 and thanks for sharing your strategy!
This is from today:
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM5.png Size: 19 KB
  • #24
  • Apr 14, 2020 9:37am Apr 14, 2020 9:37am
Hey zoheb01,

I programmed the strategy as an EA and backtested it. With the settings you mentioned in the video, it isn't profitable. But it can be with some slight tweaking!


1. Instruments matter. I found it to be effective on EURUSD, GBPUSD, and a few others, but very unprofitable on some pairs. Surprisingly, the day of the week also affects it. EURUSD is much more profitable by far on Fridays etc.

2. The Higher Timeframe Filter doesn't work. You mentioned also checking the RSI values on the higher timeframe as a filter. It actually makes profitability worse.

3. I experimented with the Stop Loss, Take Profit, and even a Trailing Stop Loss. The best settings were roughly 0.8 to 1 ATR Stop Loss, and 3.5 ATR Take Profit.

The ATR, RSI, MACD settings on their defaults seemed to work fine more or less.


Overall, this strategy has a very slight edge, but trading opportunities are very rare. I suggest that nobody trade this manually, but rather trade this through an EA on a basket of pairs that it works on.
Always think for yourself.
  • #25
  • Apr 14, 2020 10:24am Apr 14, 2020 10:24am
Quoting redfan
{quote} You may have to download it directly from the MQL5, in the market, page 6. Click on MT4 indicators , then click on free and go to page 6, see picture. {image}

try this one
Attached File(s)
File Type: mq4 FX5_MACD_Divergence_V1_1.mq4   12 KB | 385 downloads
  • #26
  • Apr 14, 2020 10:52am Apr 14, 2020 10:52am
Quoting berniefx
Hey zoheb01, I programmed the strategy as an EA and backtested it. With the settings you mentioned in the video, it isn't profitable. But it can be with some slight tweaking! 1. Instruments matter. I found it to be effective on EURUSD, GBPUSD, and a few others, but very unprofitable on some pairs. Surprisingly, the day of the week also affects it. EURUSD is much more profitable by far on Fridays etc. 2. The Higher Timeframe Filter doesn't work. You mentioned also checking the RSI values on the higher timeframe as a filter. It actually makes profitability...
You must be mistaken cause ive lost only 1 trade in the last 10,3 or BE but only 1 LOSS!!!!
  • #27
  • Apr 14, 2020 11:12am Apr 14, 2020 11:12am
Quoting berniefx
Hey zoheb01, I programmed the strategy as an EA and backtested it. With the settings you mentioned in the video, it isn't profitable. But it can be with some slight tweaking! 1. Instruments matter. I found it to be effective on EURUSD, GBPUSD, and a few others, but very unprofitable on some pairs. Surprisingly, the day of the week also affects it. EURUSD is much more profitable by far on Fridays etc. 2. The Higher Timeframe Filter doesn't work. You mentioned also checking the RSI values on the higher timeframe as a filter. It actually makes profitability...

all parameters are correct? maybe something missing or wrongly coded.
  • #28
  • Apr 14, 2020 11:53am Apr 14, 2020 11:53am
Quoting Dino10
{quote} You must be mistaken cause ive lost only 1 trade in the last 10,3 or BE but only 1 LOSS!!!!
Quoting Knortzsch
{quote} all parameters are correct? maybe something missing or wrongly coded.
Well I backtested it over a long period of time (from 2018). It seems to be performing better in March 2020, but these months now are outliers due to heightened volatility from the virus.

If it had a 9/10 success rate that really would be amazing @Dino10. But there is no holy grail in trading haha. And this strategy relies on regular divergence, which does not happen at the same time as the RSI retraction very often. So if you got 10 trades in a very short timespan, you might be doing something different and have stumbled onto a different strategy.
Always think for yourself.
  • #29
  • Apr 14, 2020 12:21pm Apr 14, 2020 12:21pm
Quoting berniefx
{quote} {quote} Well I backtested it over a long period of time (from 2018). It seems to be performing better in March 2020, but these months now are outliers due to heightened volatility from the virus. If it had a 9/10 success rate that really would be amazing @Dino10. But there is no holy grail in trading haha. And this strategy relies on regular divergence, which does not happen at the same time as the RSI retraction very often. So if you got 10 trades in a very short timespan, you might be doing something different and have stumbled onto a...
1 minute and 5 minute TF and mostly the 70-30 no HTF and half the ATR stoploss for TP.
  • #30
  • Apr 14, 2020 3:40pm Apr 14, 2020 3:40pm
Quoting tonny47
thanks for videos. how far back would you be looking for divergence though (how far apart can two points be)? would this be a valid trade to go short? (this is 1 hour chart) {image}
Thanks for your question. I would advise that you should use the last high/low. See screenshot below. Hope it helps.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 408 KB
Never stop investing. Never stop improving. Never stop doing something new
  • #31
  • Apr 14, 2020 3:51pm Apr 14, 2020 3:51pm
Quoting chris29
As I see there are not so many trade setups that would meet all the criteria. I'm looking forward for more examples of valid trade setups. Thanks for sharing the system
Hey Chris, I don't trade BCOUSD but a textbook example

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 56 KB
Never stop investing. Never stop improving. Never stop doing something new
  • #32
  • Apr 14, 2020 3:52pm Apr 14, 2020 3:52pm
Quoting Dino10
Thanks Zoheb01 for this GEM, A nice set up today {image}
Good work, nice setup!
Never stop investing. Never stop improving. Never stop doing something new
  • #33
  • Apr 14, 2020 3:53pm Apr 14, 2020 3:53pm
Quoting Dino10
If anyone is interested for the ATR on chart display,Also in the inputs change display to pips instead of points {file}
Thanks for this. Much appreciate will help a lot to calculate ATR easier.
Never stop investing. Never stop improving. Never stop doing something new
  • #34
  • Apr 14, 2020 3:57pm Apr 14, 2020 3:57pm
Quoting r-ali
Would be great if zoheb01 could post some live trades here. thanks
I will try man. Difficult as I'm working during the day where most of the setups occur. I place the trades on my phone, and use the OGT RSI MTF Indicator to send me push notifications and use the MACD on my phone to spot the divergence.
Never stop investing. Never stop improving. Never stop doing something new
  • #35
  • Apr 14, 2020 4:00pm Apr 14, 2020 4:00pm
Quoting trezx
One thing I noticed missing from the videos (or maybe didn't hear it being mentioned) is the spread on the pairs. Do you factor those in when setting the TP and SL?
Great question (and I didn't mention it) Yes I do take it into the account.

If 1x ATR is 10 pips and spread is 2 pips I would have a TP of 8 pips.

Hope that clarifies.
Never stop investing. Never stop improving. Never stop doing something new
  • #36
  • Apr 14, 2020 4:03pm Apr 14, 2020 4:03pm
Quoting Knortzsch
{quote} same here, not loading in MT4. @zoheb01 thanks for this course. its funny I went to your youtube because of another topic (OGT Price Action Indicator) so really cool that you're active here. Really cant wait for the live setups and charts. Sounds pretty interesting. Have you tested this strategy? Whats the average win rate in % of this after 100/1000 trades?
It was one of the first ever strategies I traded to build my small account. Like I mentioned in the course I rarely trade this strategy now (only A++ setups, and even then I'm selective), as I've prefer to trend trade using hidden divergence. I'm scoping a trend trading course which I hope to release in the next month or so. This course will have live trades.
Never stop investing. Never stop improving. Never stop doing something new
  • #37
  • Apr 14, 2020 4:10pm Apr 14, 2020 4:10pm
Quoting ozziedave
Hi... Have a question about divergence. On the chart below there is divergence between the far left red arrows and the blue line. Do you consider that the divergence has completed at the low right after the blue line or do you still consider price divergent at the red line??? {image}
I always use the most recent highs/lows when identifying divergence. Example below.

You could argue that the black lines is divergence however, if you use the two most recent highs (blue lines) then it's not divergence.

Hope that makes sense

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB
Never stop investing. Never stop improving. Never stop doing something new
  • #38
  • Apr 14, 2020 4:12pm Apr 14, 2020 4:12pm
Quoting Shiroya
Hi zoheb01 and thanks for sharing your strategy! This is from today: {image}
Great work! Glad your finding it of value
Never stop investing. Never stop improving. Never stop doing something new
  • #39
  • Apr 14, 2020 4:18pm Apr 14, 2020 4:18pm
Quoting berniefx
Hey zoheb01, I programmed the strategy as an EA and backtested it. With the settings you mentioned in the video, it isn't profitable. But it can be with some slight tweaking! 1. Instruments matter. I found it to be effective on EURUSD, GBPUSD, and a few others, but very unprofitable on some pairs. Surprisingly, the day of the week also affects it. EURUSD is much more profitable by far on Fridays etc. 2. The Higher Timeframe Filter doesn't work. You mentioned also checking the RSI values on the higher timeframe as a filter. It actually makes profitability...
Thanks for this, appreciate you taking the time to build an EA.

It doesn't surprise me that this strategy is not profitable using an EA. The main reason is that I don' believe you can really "hard code" divergence. Having traded both regular and more recently hidden divergence, there a certain thought process I go through in determining whether that divergence is a worthy trading opportunity. The best way I can describe it is the divergence being obvious.
Never stop investing. Never stop improving. Never stop doing something new
  • #40
  • Apr 15, 2020 3:35am Apr 15, 2020 3:35am
Quoting Dino10
{quote} You must be mistaken cause ive lost only 1 trade in the last 10,3 or BE but only 1 LOSS!!!!
That's a better win rate than me

I hope that your trades a selective i.e. obvious divergence?
Never stop investing. Never stop improving. Never stop doing something new
0 traders viewing now