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Simple Scalping

  • #821
  • Jul 24, 2020 11:29am Jul 24, 2020 11:29am
Quoting Michael1972
This was my screen shot yesterday of the 4 charts i follow.... first time trying to post a screen shot so bear with me (I am technically challenged) {image}
this indy from abowaik makes things a lot easier to see, maybe it helds you:
https://www.forexfactory.com/showthr...2#post10289682
trading is like dancing, don't think and just listen to the music!
  • #822
  • Jun 11, 2021 6:45am Jun 11, 2021 6:45am
Hello.
Hope you're all well and trading profitably!
Just a quick one. For a while now, I've added BB 200 to my chart and tend to use the band in line with the trend to take profits.
I would say though that once price hits the tp band of the bb25 , probably best to lock your trade in at BE
Where price is now, it has been before, and will be again.
  • #823
  • Jun 15, 2021 10:54am Jun 15, 2021 10:54am
Quoting Jenx
Hello. Hope you're all well and trading profitably! Just a quick one. For a while now, I've added BB 200 to my chart and tend to use the band in line with the trend to take profits. I would say though that once price hits the tp band of the bb25 , probably best to lock your trade in at BE

Thanks for checking on us all. Yes, a profitable system you have brought to us here. Please what is BB200? Can you post a screenshot of the page?
  • #824
  • Jun 18, 2021 4:32am Jun 18, 2021 4:32am
Quoting ogboriefor
{quote} Thanks for checking on us all. Yes, a profitable system you have brought to us here. Please what is BB200? Can you post a screenshot of the page?
i think he means the bollinger-band 200.

for me jenx, the system itself is perfect. TP i sometime wait for the close of the bar because often it overshoots.

and i use the simple 200MA, but thats only a little deviation to the original;-)
trading is like dancing, don't think and just listen to the music!
  • #825
  • Jun 18, 2021 6:39am Jun 18, 2021 6:39am
Quoting birdland
{quote} i think he means the bollinger-band 200. for me jenx, the system itself is perfect. TP i sometime wait for the close of the bar because often it overshoots. and i use the simple 200MA, but thats only a little deviation to the original;-)
Thanks, Birdland for the clarification and your time in aswering. Once again, thanks.
  • #826
  • Jun 18, 2021 7:12am Jun 18, 2021 7:12am
here is a trade today for example:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 58 KB
trading is like dancing, don't think and just listen to the music!
  • #827
  • Jun 18, 2021 9:29am Jun 18, 2021 9:29am
I use this broker website to do scalping transactions, it is very easy to use: https://my.roboforexcn.com/cs/?a=lxma
  • #828
  • Jun 18, 2021 10:12am Jun 18, 2021 10:12am
Quoting zhangzeyu
I use this broker website to do scalping transactions, it is very easy to use: https://my.roboforexcn.com/cs/?a=lxma
this is spam, nobody asked you to make an ad.
trading is like dancing, don't think and just listen to the music!
  • #829
  • Jun 19, 2021 1:53pm Jun 19, 2021 1:53pm
Intraday Trading is an Art _ hoda
  • #830
  • Jun 23, 2021 4:06am Jun 23, 2021 4:06am
Clean,simple and can be profitable with some common sense.Just gave me some pips with the GERMAN index
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 57 KB
  • #831
  • Jun 23, 2021 7:13am Jun 23, 2021 7:13am
Hey

does anyone tried to make an EA based on it?
  • #832
  • Jun 24, 2021 1:53am Jun 24, 2021 1:53am
Quoting Andy Pipsi
Hey does anyone tried to make an EA based on it?
Itīs imposible to make an EA as it requires discretional trading.
  • #833
  • Jun 28, 2021 9:51am Jun 28, 2021 9:51am
Quoting ogboriefor
{quote} Thanks for checking on us all. Yes, a profitable system you have brought to us here. Please what is BB200? Can you post a screenshot of the page?
It's just Bollinger bands set at 200 period.with a standard deviation of 2.
Sometimes it's better to keep to the original strategy however if the bb200 starts to widen beyond the trend being set by the bb25s, you can get a nice bonus from the trade. However, like I said, once you reach a potential TP on the 25s, probably best to lock in the trade at BE
Where price is now, it has been before, and will be again.
  • #834
  • Jun 28, 2021 10:07am Jun 28, 2021 10:07am
Quoting Andy Pipsi
Hey does anyone tried to make an EA based on it?
EAs do not ,and never will make you profitable.Ive been trading for many years and have never seen a profitable EA.
And I would challenge anyone to show me one.
Where price is now, it has been before, and will be again.
  • #835
  • Jun 28, 2021 10:30am Jun 28, 2021 10:30am
In my first years of trading I made a friend who bought a large house near me in France.
He'd retired at an early age from the banking industry.
He had worked for a large merchant bank writing trading programmes for them.
However, the programmes he wrote were to mitigate losses and not to make profits as the banks senior members knew it wasn't possible
He and I were convinced he could come up with a successful EA.At the end of the day, he was one of the most brilliant minds in financial programming.
Guess what? After years of experimentation, it just wasn't possible. Yes, you could make one profitable in the short term, but in the end, any number of factors would wipe it out, whether it be wild moves, widening spreads or whatever.
In the end, you'll only make money at this game by respecting s&r, observing PA, not trying to find a top or bottom and, most of all, money management and realising how important margin is.
Where price is now, it has been before, and will be again.
  • #836
  • Jun 28, 2021 11:04am Jun 28, 2021 11:04am
Quoting Jenx
{quote} EAs do not ,and never will make you profitable.Ive been trading for many years and have never seen a profitable EA. And I would challenge anyone to show me one.
There are somme EA that work very well, but they are protected and you can't get them, to use them, you must use there previliged broker and its the broker who activate the EA in your account, you will naver get it in your hand.


First that i use is fin888:
https://www.myfxbook.com/members/ositek/fin888/6083397

Second one is ATG 4.0:
(i dont have a link of the stats but you can find it if you search hard)

Third on is net89:
https://www.myfxbook.com/members/try...-net89/3498281


i an already in dubai and already withdrawed my initial capital many time, no probleme with them at the moment
  • #837
  • Jun 28, 2021 11:40am Jun 28, 2021 11:40am
Quoting azidane
{quote} There are somme EA that work very well, but they are protected and you can't get them, to use them, you must use there previliged broker and its the broker who activate the EA in your account, you will naver get it in your hand. First that i use is fin888: https://www.myfxbook.com/members/ositek/fin888/6083397 Second one is ATG 4.0: (i dont have a link of the stats but you can find it if you search hard) Third on is net89: https://www.myfxbook.com/members/try...-net89/3498281 i an already in dubai and already...
Those are indeed impressive stats.
May I ask, without being pedantic, why, having found such a profitable EA, you even bother to come to this site?
Again, I don't wish to sound pedantic, but if I were involved with such a successful EA , I'd be perfectly happy with that?
I created this thread to share what has been, for me, a profitable strategy for years.
Its the only reason I visit the site occasionally, apart from to check financial news ( I look for pairs that rise or fall against news that should, theoretically , make them move in the opposite direction, and that gives me a clue as to whether the move is a last gasp effort)
Where price is now, it has been before, and will be again.
  • #838
  • Jun 28, 2021 12:39pm Jun 28, 2021 12:39pm
Quoting Jenx
{quote} Those are indeed impressive stats. May I ask, without being pedantic, why, having found such a profitable EA, you even bother to come to this site? Again, I don't wish to sound pedantic, but if I were involved with such a successful EA , I'd be perfectly happy with that? I created this thread to share what has been, for me, a profitable strategy for years. Its the only reason I visit the site occasionally, apart from to check financial news ( I look for pairs that rise or fall against news that should, theoretically , make them move in the...
i still have capital in my pepperstone account and still trade manually, only 1-2% each month and i would be happy,
diversification is success, i love reading analyse from other traders so basically its like reading the newspaper every day to stay up to date
  • #839
  • Jun 29, 2021 10:15am Jun 29, 2021 10:15am
Successful day, but not everything exhausted
Attached Image (click to enlarge)
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  • #840
  • Jul 1, 2021 4:19pm Jul 1, 2021 4:19pm
Quoting werther
{quote} Itīs imposible to make an EA as it requires discretional trading.
That's make sense, thanks for your comment.
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