Odds In Your Favor Scalper | Forex Factory

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Odds In Your Favor Scalper

  • #1
  • First Post: Dec 5, 2020 11:28am Dec 5, 2020 11:28am
Hello friends, I pop in here very once in awhile to check the TMS thread that I have made a very good living off of. The TMS system(slightly modified by me) has allowed me the pleasure to test a scalping strategy that I recently started trading with real money. The reason I decided to test a 5 minute scalping strategy is honestly from straight boredom. The TMS system is a waiting game for the right setup and I felt like I needed to do something more for the regular day trading scalpers. This scalping strategy is doing very well. With risk management and a few indicators. I admire the heiken ashi since it has made me what I am today, but boredom will get you to experiment. My love of the heiken ashi allowed me to create a scalping system that is easy on the eyes and aides in the psychological end of trading. Also which every trader should incorporate in their trading is putting the odds in your favor at a high level. Not just a small edge but an edge that makes it worth it. I will never leave my modified TMS system, but making some extra bucks in half hour or 2 is always fun. Stay tuned for my videos and pictures. I think I owe it to this community. I'm excited to write this because trading has become fun to me. I'll get the videos or pictures and description together today or this week. Just a sneak peak of the indicators is. Heiken Ashi, zig zag, 2 moving averages. Happy Trading!
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  • #2
  • Dec 5, 2020 12:51pm Dec 5, 2020 12:51pm
Hi and good luck!
PLEASE, do it with pictures, no videos
Just an opinion. Based on research
  • #3
  • Dec 5, 2020 1:08pm Dec 5, 2020 1:08pm
Thank you Philstodd,

Inspiring story,send any format videos or photos.Trading should always be fun and not stressed,thats why I trade full-time.I was prepared long before the pandemic for the worst with employment and economic slow-down.Keep safe my friend.
  • #4
  • Dec 5, 2020 1:11pm Dec 5, 2020 1:11pm
Trying to upload a video I did but the file is too large. I'm going to try and compress it for the website.
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  • #5
  • Dec 5, 2020 1:45pm Dec 5, 2020 1:45pm
Lower quality video so i can upload on here.
Attached File(s)
File Type: mp4 Scalper2222-1.mp4   4.5 MB | 1,984 downloads
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  • #6
  • Dec 5, 2020 1:55pm Dec 5, 2020 1:55pm
Looks as if it only picked up part of the video. I will try again.
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  • #7
  • Dec 5, 2020 2:02pm Dec 5, 2020 2:02pm
Quoting since80808
Hi and good luck! PLEASE, do it with pictures, no videos

You are probably correct on that. The video upload isn't working out because of file size. I will post pictures and descriptions.
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  • #8
  • Dec 5, 2020 2:07pm Dec 5, 2020 2:07pm
Quoting philstodd
Lower quality video so i can upload on here. {file}

Add to your google drive and post the shared link phil......I can assist
  • #9
  • Dec 5, 2020 2:44pm Dec 5, 2020 2:44pm
Quoting philstodd
{quote} You are probably correct on that. The video upload isn't working out because of file size. I will post pictures and descriptions.
Philstodd,

Your way of explaining is good in the short video. Would love to get the full video if possible.

Thanks
  • #10
  • Dec 5, 2020 2:44pm Dec 5, 2020 2:44pm
The system involves heiken ashi candles, 400 ema, 50 ema, and zig zag set to a depth of 5 and the deviation on tradingview set to .01. We look to trade ONLY above/below both ema's (NO TRADES IF PRICE ISN'T ABOVE OR BELOW BOTH EMA'S TO FOLLOW THE TREND)and bounces off the zig zag highs and lows, but the level at which you set on the highs and lows is just above or below the BODY of the heiken ashi.....not the wick.

Setting the levels of the zig zag highs/lows are determined to be more valuable when higher and lower on the chart. These are the best trading levels. The lowest low and highest high are where the big boy traders look to make moves for more profit and you have better swings.

We ONLY trade off small or medium entry candles(LIMITS RISK FROM PRICE MOVING FAR AWAY) AFTER the WICK touches the levels and then shows a SMALL or MEDIUM reversal candle, you enter. If the heiken BODY TOUCHES OR GOES BELOW/ABOVE the zig zag level, the entry is INVALID. You DO NOT look for a trade after that happens; look for the next valid level bounce trade. The second ENTRY is the zig zag bouncing off the 50 ema ONLY on the 2nd or 3rd bounce(to confirm direction) with the same SMALLER or MEDIUM candles. The zig zag WILL SHOW the bounce off the level with these settings.

Take profit is determined by following the color of the heiken ashi or if turning opposite color is a super small candle you can stay in the trade. Small heiken ashi candles show weakeness.....If price is moving sideways(AND NOT in your favor right after your entry) you have the option to get out break even or a small profit/loss.

A pure stop out is a big break below the 50 ema....not a half candle or a small candle....you can stay in the trade. It has to be almost a FULL OR 80% CANDLE BREAK to stop you out. You will even encounter heiken candles breaking these levels half way, and then you get a tiny candle(s) after it...You can stay in the trade.

I WILL BE POSTING PICTURES SO EVERYONE GETS A CLEAR PICTURE. STAY TUNED. I don't recommend you trading this yet till you see my pictures. Just so everyone is on the same page and SEE EXACTLY what I'm saying.
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  • #11
  • Dec 5, 2020 2:48pm Dec 5, 2020 2:48pm
Quoting aaven
{quote} Philstodd, Your way of explaining is good in the short video. Would love to get the full video if possible. Thanks
Yes it's good to see people want the video. I will do that also soon as I figure out the best way to upload.
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  • #12
  • Dec 5, 2020 3:43pm Dec 5, 2020 3:43pm
FULLL VIDEO

https://drive.google.com/file/d/1s-a...ew?usp=sharing
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  • #13
  • Dec 5, 2020 3:47pm Dec 5, 2020 3:47pm
Quoting philstodd
FULLL VIDEO https://drive.google.com/file/d/1s-a...ew?usp=sharing
Yep, that works fine - Thanks
  • #14
  • Dec 6, 2020 12:25am Dec 6, 2020 12:25am
Quoting philstodd
FULLL VIDEO https://drive.google.com/file/d/1s-a...ew?usp=sharing
Thanks Phil...
  • #15
  • Dec 6, 2020 1:48am Dec 6, 2020 1:48am
Quoting dkrock
Your design is super subjective and not only has a lot of false signals, but also gives a lot of profit back on reverses. It also fails to trade the 5M chart, so not sure why you are using it. The EMA's are basically the 8 EMA from the 30M and 4HR chart. They are also just made up and not aligned to the price movement of those time frames, so that is why I have to say "basically", lol. The 400 EMA also corresponds to a 1HR 34 EMA, which kinda smells like TMS, if TMS is what I think it is. So you are trading higher time frames against the increased...
Summary: system = shite.
  • #16
  • Dec 6, 2020 10:02am Dec 6, 2020 10:02am
Quoting Anusragger
{quote} Summary: system = shite.
Sorry you feel that way. The system works well for me the little time I ben using it. I don't trade the system constantly since I mainly trade the TMS system. Not to get in an argument with you, but can you explain where the problem is with the system? The system allows you to stay in profit when following the candle color or size factor. It also allows you to get out of trades with proper judgement of price action or flat markets. There will always be losses, but these losses are not large at all compared to the wins in my experience. Thank you for your opinion but can you show proof via photos or video. The system is made to put many things in your favor while trading. But maybe you know more and noticed something I didnt. I'm interested in what you have to say and show.

The system also isn't fool proof. You need proper judgement getting in and out of trades. That's why I say to paper trade before anything. If you don't see the market as I do and it doesnt work out. Don't trade it.
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  • #17
  • Dec 6, 2020 10:52am Dec 6, 2020 10:52am
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  • #18
  • Dec 6, 2020 11:03am Dec 6, 2020 11:03am
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  • #19
  • Dec 6, 2020 11:23am Dec 6, 2020 11:23am
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  • #20
  • Dec 6, 2020 11:26am Dec 6, 2020 11:26am
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