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Scalping with aweraging and scaling out

  • #21
  • Jan 7, 2021 9:54am Jan 7, 2021 9:54am
Quoting ryuryu
Hi! Nice thread! What distance you are using for averaging and how you calculate it? What multiplier you are using?
6-12 pips depending on pair most majors 6-8 and minors GJ og GA12-13 and i use only one lotsize like this 1+1+1+3+5+8+13...
Insanityoing same ting over expecting different results..Einstein
  • #22
  • Jan 8, 2021 1:34am Jan 8, 2021 1:34am
Quoting FXsniper111
This system gets better and better 4.7% today and 19.1 for the week thats 1800 dollars in two weeks not to shabby...I blew my prop on gold yesterday overleveraged and had a bit drawdown and then a 50-70 pips spike against be and was toast i got a discount on thr 50k so will start that tomorrow with that as main account and copy to my personal account....Trade well

Gold is a devil to trade bro - I did the same thing - you using TMA? With Gold I honestly think it's better to use M1 and ditch everything else
  • #23
  • Jan 8, 2021 6:31am Jan 8, 2021 6:31am
Quoting Mtinifx
{quote} Gold is a devil to trade bro - I did the same thing - you using TMA? With Gold I honestly think it's better to use M1 and ditch everything else
Well I decided to forget the props for now and concentrate on my trading method first - I funded $100AUD into my FPmarkets account. Saw how bearish Gold was this morning and decided to play the FF/London open. Worked out really well for once!! Have refunded my deposit already and sitting with $160 profit to play with.
  • #24
  • Jan 8, 2021 6:42am Jan 8, 2021 6:42am
Traded asian session with big spikes on tin volume so i got cought in som DD and then it spiked agaist me taking most of the account"main" the MFF account survived but negative 2000 that i will recover fast and i an thinking on a FTNO challenge since i dont have more funds to trade for my self....lets see how it goes
Insanityoing same ting over expecting different results..Einstein
  • #25
  • Jan 8, 2021 7:09am Jan 8, 2021 7:09am
NFP in a few minutes. If it follows the normal pattern, it should go up first, hit resistance around 1900/1905 and then go down. But these are abnormal times.....
  • #26
  • Jan 9, 2021 8:55am Jan 9, 2021 8:55am
Well i at a point i dont know what to do i still have my MFF,but should i make it the tre months the brokers they have to offer live sucks its Oanda with 50:1 leverage and Forex.com that has 1.4 in spread on EU cant imagine what they have on other pairs i am sure its horroble and if i can get enough money to do a FTMO they have only 1:100 leverage and that is also a bit small for my style....i have Enfoid that i must deposit 1000 to access their accounts i think start at 100k that may be the best option,but right now i dont have 1000 bucks i bought a electric bike for 1100 not the best time to do it,but exelent when i am to the store that is a kilometer away i get it tuesday ore wednesday so that will be fun it does 65 km an hour,hehe,i know crazy,but fun....we will see what i can get out of MFF right now i am in 4.7% drawdawn i need to deal with,but that should go fine take risk before profit and trade small....green pips to you all
Insanityoing same ting over expecting different results..Einstein
  • #27
  • Jan 11, 2021 3:13pm Jan 11, 2021 3:13pm
Well i got spiked out again and got discount both 100k and 50k so is start them both tomorrow trading more aggressive closer possision,but only one size and cut my loss at 1000-1500 on main so half that on 50k as i using copier on that so will trade 1 lot on main and 0.50 on slaveaccount lets see if we can get a payday in 14 days we are not blowing up since daily loss is 5000 and i will cut at 1000-1500...Wish me luck
Insanityoing same ting over expecting different results..Einstein
  • #28
  • Jan 21, 2021 1:21pm Jan 21, 2021 1:21pm
Quoting FXsniper111
Well i got spiked out again and got discount both 100k and 50k so is start them both tomorrow trading more aggressive closer possision,but only one size and cut my loss at 1000-1500 on main so half that on 50k as i using copier on that so will trade 1 lot on main and 0.50 on slaveaccount lets see if we can get a payday in 14 days we are not blowing up since daily loss is 5000 and i will cut at 1000-1500...Wish me luck
Been a while sine i upgraded the journal i am now done with MFF and are pretty much in the start off a FTMO 100k account,but my 4000 dollar cutoff was hit twice first last week then i recovered too 500 dollar + then hit again so yesterday i went from -3.7 % to around 1.30-1.40% and the same today was done at 1%,but then i took 3 trades on NQ for almost 0.5% so ended at nearly 1.5% today so tomorrow i will take it slow since i still have 3 weeks left ore 15 trading days so i really dont need more than 0.5% a day,but my cutoff can be hit again and from 3-4000 when in heavy are just a few pips so i lowered the cutoff a little bit....Trade well...
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Insanityoing same ting over expecting different results..Einstein
  • #29
  • Jan 29, 2021 4:51pm Jan 29, 2021 4:51pm
Well my system works fine now i am at 7.3% of 10% and still have 9 days ore around there so really dont need more than 0.27% a day give and take.....When get rid of emotions and follow the plan that was 0.5% a day i made 1.22% today so way ahead i have lowered my leverage from 1 lot to 0.54 so i am sure not to hit my cutoff again i started with two hits the last i took from -3.7 to 1% profit so that was a good day so now just slow and easy with minimum 0.3% a day...good luck everyone
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Insanityoing same ting over expecting different results..Einstein
  • #30
  • Jan 29, 2021 6:12pm Jan 29, 2021 6:12pm
Quoting FXsniper111
I have one but i will do 100 trades a day then stop...
Hi FXsniper, allow me to ask you a simple question.

You go to a grocery store to buy banana.
How often do you buy banana a day?

Compare this number to your 100trades a day.

I hope you see the point. Cheers
Know what you trade
  • #31
  • Jan 30, 2021 1:15am Jan 30, 2021 1:15am
Quoting BWilliam
{quote} Hi FXsniper, allow me to ask you a simple question. You go to a grocery store to buy banana. How often do you buy banana a day? Compare this number to your 100trades a day. I hope you see the point. Cheers
Another person goes to the same grocery store and buys sultanas. He buys hundreds because he prefers them to bananas.

Me .. I like a few highly selected juicy strawberries.

I hope you see the point
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #32
  • Jan 30, 2021 2:05am Jan 30, 2021 2:05am
Quoting Freefox
Another person goes to the same grocery store and buys sultanas. He buys hundreds because he prefers them to bananas. Me .. I like a few highly selected juicy strawberries. I hope you see the point
That's the point I try to deliver to FXsniper. Perhaps it's easier for him to listen to you.
Know what you trade
  • #33
  • Jan 30, 2021 6:20pm Jan 30, 2021 6:20pm
Quoting BWilliam
{quote} Hi FXsniper, allow me to ask you a simple question. You go to a grocery store to buy banana. How often do you buy banana a day? Compare this number to your 100trades a day. I hope you see the point. Cheers
Now trading FTMO and i dont have the consistencie rule i had with MFF i have around 50 trades a day heres the proof and being a scalper that is not much one of the best traders we have in our discord group do 100-130 trades a day picking mostly 3 pips a trade,but they pile up when having that many trades with a high hitrate.....I am just more picky with my trades now in a challenge ore i would probebly do more than 50 a day...And in our discord channel we are mostly scalpers and most are doing very well...
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Insanityoing same ting over expecting different results..Einstein
  • #34
  • Jan 30, 2021 6:25pm Jan 30, 2021 6:25pm
Quoting ryuryu
Hi! Nice thread! What distance you are using for averaging and how you calculate it? What multiplier you are using?
6-8 on majors and 10-12 on minors....multiplier 0.58-0.58-0.58-1.5-3-5-8-11
Insanityoing same ting over expecting different results..Einstein
  • #35
  • Feb 1, 2021 9:29am Feb 1, 2021 9:29am
well target today now i had 2.7% until FTMO challenge was done where 0.27-0.3%,but i did a coupple off really good trades so i ended the day up 0.5% so now just under 2.2% until done with challenge i just pray not to hit my stop now and ruin everyting...
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Insanityoing same ting over expecting different results..Einstein
  • #36
  • Feb 2, 2021 2:10pm Feb 2, 2021 2:10pm
Well i did another trade on Nasdaq and Nasdaq saved the day with 0.90% so i gained even more i am dropping lotsize even more now to 0.45 now that i have only 0.85% and i am done with the challenge i sat the cutoff back to 4k so it has to be a huuge grind against me to take me out with almost half the lotsize/Cutoff
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Insanityoing same ting over expecting different results..Einstein
  • #37
  • Feb 3, 2021 6:30am Feb 3, 2021 6:30am
Ok today i passed the challenge with FTMO 100k account so takes up to 2 days for them to verify my account so,but i am pretty sure i didnt violate any of the rules i followed the calendar most off the time since no scalping 2 min.Before and after red news...Will coment when i start the verification period that is 5% gain in 60 days so half the target and twice the time.....Took me 11 days in profit to make the challenge...
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Insanityoing same ting over expecting different results..Einstein
  • #38
  • Feb 3, 2021 9:17am Feb 3, 2021 9:17am
Quoting FXsniper111
Ok today i passed the challenge with FTMO 100k account so takes up to 2 days for them to verify my account so,but i am pretty sure i didnt violate any of the rules i followed the calendar most off the time since no scalping 2 min.Before and after red news...Will coment when i start the verification period that is 5% gain in 60 days so half the target and twice the time.....Took me 11 days in profit to make the challenge... {image}
How much did you pay for enrolment and verification fee?
Practice makes a person perfect
  • #39
  • Feb 3, 2021 11:36am Feb 3, 2021 11:36am
Quoting simnz
{quote} How much did you pay for enrolment and verification fee?
someting over 600 dollars around 650 i think...
Insanityoing same ting over expecting different results..Einstein
  • #40
  • Feb 3, 2021 11:37am Feb 3, 2021 11:37am
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Insanityoing same ting over expecting different results..Einstein
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