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scalping strategy call 50+

  • #141
  • Jan 9, 2021 1:58am Jan 9, 2021 1:58am
Quoting RiskFighter
{quote} The problem is ranging periods. They provide false signals. You don't know that the signal is ranging before you have been there for a while. Then you have allready taken some bad trades - AND you tend to miss the super signal that often comes after the range. The good indicator that identify a ranging period very quick is not invented - {image}
Is this for 50+ or Ichimuko sample ?!
because if it is 50+ i need to see the william (WPR) so i can tell you which is great signal and which is wrong one
  • #142
  • Jan 10, 2021 8:48am Jan 10, 2021 8:48am
Quoting Wezsniper
{quote} Is this for 50+ or Ichimuko sample ?! because if it is 50+ i need to see the william (WPR) so i can tell you which is great signal and which is wrong one
Take a look at post 129. 5 bad signals in a ranging periode. Problem is when to know that it is ranging. And how to know it. This is the problem in general with all strading strategies. If someone finds a way to tell that the pair is ranging right from the beginning of the range, then he will be rich.

And also when does the range stop? I think maybe that we should include in the strategy a "RangeLine or Rangebox" which shall be broken before taking a trade directly from a range situation. That is all the rules shall be in place and in additional the rule for braking the Rangebox.
MetaTrader 4 - so many advantages.
  • #143
  • Jan 10, 2021 5:41pm Jan 10, 2021 5:41pm
Quoting RiskFighter
{quote} Take a look at post 129. 5 bad signals in a ranging periode. Problem is when to know that it is ranging. And how to know it. This is the problem in general with all strading strategies. If someone finds a way to tell that the pair is ranging right from the beginning of the range, then he will be rich. And also when does the range stop? I think maybe that we should include in the strategy a "RangeLine or Rangebox" which shall be broken before taking a trade directly from a range situation. That is all the rules shall be in place and in additional...
For the first trade it’s Not count because rule is not valid because it’s not the breaking candle
second trade 60% correct trade (but i need to see the wpr level also and don’t forget it is market time as i see in image (it’s the end of the New York session) and I mention in first post better with europ and new york sessions and avoid trade in (asian because not high volatility enough)
For third trade also 60% because as u see there are candle touch the kijun sen for 3 or 4 time then broke the kijun And I mention that in first post about touch of kijun before broken ( prefer no touch candle to kijun direct broken it (down ,up + level of WPR)
Forth trade not count same reason of first trade
Fifth trade not count because as u see the breaking candle of the kijun was down the cloud and kijun still inside the cloud
six trade was 50% accurate... but it’s correct
hmmm if the breaking candle of kijun close also down the cloud i can say it’s 70%
  • #144
  • Jan 10, 2021 5:43pm Jan 10, 2021 5:43pm
Answer of range market ... i working right now to combine breakout strategy with math (pending order) so if I’m done with it will let you know ^^
  • #145
  • Jan 10, 2021 11:18pm Jan 10, 2021 11:18pm
Quoting Wezsniper
LIVE TRADE XAUUSD 5M {image} ENTER WITH GREEN LINE THERE ARE PREVIOUS ENTER BUT I DONT LIKE IT BECAUS CANDLE ARE SMALL AND KIGUN IN MIDDLE AND MORE THEN ONE CANDLE TRY TO BREAAK YES ITS VALID BUT WITH LITTLE ACCURATE AND IT GIVE 30 PIP THEN HIT SL 15 PIP BECAUSE WILLIAM AT -10 TRADE EASY AND SAFE
Bro i just took this two entry.. both r now running on profit.. Is my both this trade fulfill all the condition of ur scalping strategy?? IS those trade perfect??
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  • #146
  • Jan 11, 2021 6:46am Jan 11, 2021 6:46am
Quoting X2x
{quote} Bro i just took this two entry.. both r now running on profit.. Is my both this trade fulfill all the condition of ur scalping strategy?? IS those trade perfect?? {image} {image}
it is okay trade ... but best one if the number of touch candle To kijun line was little or just breaking candle Only
  • #147
  • Jan 21, 2021 7:50am Jan 21, 2021 7:50am
Hello, many thanks for your strategy, I only added 123 pattern to be more accurate, and its works great. My rules are:
for buy
1. Big move up marked as 1.
2. Swing below kijun, tenkan lines as 2
3. Enter buy when price comes back and goes out from kijun tenkan.
4. WPR is rising from below.

for sell
1. Big move down 1
2. Swing above kijun tenkan lines 2
3. Enter sell when price goes out from kijun tenkan.
4. WPR is falling from above.

see picture.
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  • #148
  • Jan 22, 2021 1:50am Jan 22, 2021 1:50am
The first trade with this method. We wait for the results. Is my entry correct, sir?
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  • #149
  • Edited 7:06am May 27, 2021 6:38am | Edited 7:06am
That's easy. The key is to open a trade when all indicators are OK at the same candle. That happens when there's a moment of volatility. And if you trade with the M5 time frame, you can have some good pips. Yes, i know that waiting for all the indicators to be OK at the same candle doesn't happen often, but it can be enough just 1 or 2 trades a week if there are profitable.
The only thing that can be different is the williams indicator.... If opening the trade just when happen what I told, there's no need to wait for williams to show -10/-90... A -20/-80 can be enough to have a valid signal to open the trade.
I'm testing it at Gold, it would be nice if some of you could try it with currencies, and let's see if there's profitable with some currencies, which could increase the number of possible trades per week. If there's good information about appliyng that system, i will code it to make an EA.

Really thing that thread is really interesting. Hope more people to talk about it and hoping we could develop the system.
Attached Image (click to enlarge)
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This Picture shows the PERFECT CHANCE TO OPEN A TRADE. Just hace to add that Williams is exactly al -15 (which is good considering the necessary levels are -20/-80)

SOME NOTES
1-As the chances to open trades happens when there's volatility, the SL don't have to be large. So the ratio could be easily 1:2. Or if you want, 1:1, which is not bad at all, considering a good % of winning trades.
2-I think the most rasonable is to risk a maximum of 5%/ trade. But I prefer 2%.
  • #150
  • Edited 4:09am May 29, 2021 3:58am | Edited 4:09am
Quoting RiskFighter
Hmm - would it be possible to invent an indicator that reveal ranging periods? Take the average of the cloud volume for X periodes back in time? This sounds a little promising. The use would not be exclusively to the Ichi indicator only. It could be used widely as filter on all other indicators in the world.
If you dive deeper into Ichimoku you'll learn that the five lines don't give signals. You will also learn that a ranging market can still be a buy or a sell depending on previus interpretation of the market. I write previous but that should be the current in the case of ranging. That means the buy or sell interpretation is still there even if it's ranging. Why? Because there is no counter interpretation!

Ichimoku is based on price, time and wave. Ichimoku have a very steep learning curve.
  • #151
  • May 29, 2021 4:06am May 29, 2021 4:06am
Quoting laststar
Hello, many thanks for your strategy, I only added 123 pattern to be more accurate, and its works great. My rules are: for buy 1. Big move up marked as 1. 2. Swing below kijun, tenkan lines as 2 3. Enter buy when price comes back and goes out from kijun tenkan. 4. WPR is rising from below. for sell 1. Big move down 1 2. Swing above kijun tenkan lines 2 3. Enter sell when price goes out from kijun tenkan. 4. WPR is falling from above. see picture. {image}

You are right on track.
  • #152
  • May 29, 2021 4:08am May 29, 2021 4:08am
Hi Boa

I think I know some about Ichi Moku. Have also made a robot which is working.

The most important about IM is "Don't trade when the bars are inside the cloud, because it is then ranging". Of cause you can trade ranging markets, but not using the IM.

The lines do give signals. That is what this trade is all about.
MetaTrader 4 - so many advantages.
  • #153
  • Edited 5:08am May 29, 2021 4:32am | Edited 5:08am
Quoting RiskFighter
Hi Boa I think I know some about Ichi Moku. Have also made a robot which is working. The most important about IM is "Don't trade when the bars are inside the cloud, because it is then ranging". Of cause you can trade ranging markets, but not using the IM. The lines do give signals. That is what this trade is all about.
That's very interesting. I have also programmed indicators that give signals. Don't get me wrong, I'm not the source of the information I've read it and write about it here. I don't say it can't give signals I'm saying it's not the correct interpretation of the five lines of Ichimoku. It does not give signals per se.
  • #154
  • May 29, 2021 7:34am May 29, 2021 7:34am
Quoting Boa
{quote} That's very interesting. I have also programmed indicators that give signals. Don't get me wrong, I'm not the source of the information I've read it and write about it here. I don't say it can't give signals I'm saying it's not the correct interpretation of the five lines of Ichimoku. It does not give signals per se.
I agree. It is not the right way to use IM. But you could call it a blend between IM and pattern trading. Many people use pattern trading. I have used yesterday and to day to read a book about it. I am really not in for pattern trading, but they say that it works. And at the end of day, it is the money that counts.

The book is called "Algo Trading Cheat Codes". Most of it is known stuff, but I found some hints to new filters in my robots. Try and read it. It is a free E-book.
MetaTrader 4 - so many advantages.
  • #155
  • May 29, 2021 7:39am May 29, 2021 7:39am
Quoting Boa
{quote} That's very interesting. I have also programmed indicators that give signals. Don't get me wrong, I'm not the source of the information I've read it and write about it here. I don't say it can't give signals I'm saying it's not the correct interpretation of the five lines of Ichimoku. It does not give signals per se.
My robots doesn't only give signals. They do the trading and the money management too. Haven't found the grail yet though.
MetaTrader 4 - so many advantages.
  • #156
  • May 31, 2021 5:34am May 31, 2021 5:34am
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Asian sesion. Not the best moment to trade, but it have been a profitable trade
  • #157
  • Last Post: May 31, 2021 8:36am May 31, 2021 8:36am
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That could be a trade, but the williams indicator is at -33, so considering the levels we are looking for (-20/-80) we don't trade.
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