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Simple Scalping

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  • Post #841
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  • Jul 12, 2021 11:08am Jul 12, 2021 11:08am
  •  reteid2222
  • Joined Aug 2015 | Status: Coding Magician | 2,541 Posts
The strategy has two disadvantages:
- The signal are two rare there are much better strategies from this point of view
- You just could come to an waterfall so your other site from the bb will not be reached for long... this will kill your performance
Vucking good EA coder...
#13 Return This Month: 10.8%
 
 
  • Post #842
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  • Jul 16, 2021 12:55pm Jul 16, 2021 12:55pm
  •  zakgr
  • | Joined Apr 2015 | Status: Member | 91 Posts
Quoting Jenx
Disliked
{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...
Ignored

Tell us some things about SL
Where do you put it?
 
 
  • Post #843
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  • Jul 18, 2021 5:21pm Jul 18, 2021 5:21pm
  •  forex baraka
  • Joined Sep 2009 | Status: Member | 240 Posts
Quoting Charlie66
Disliked
first day with this strategy on real account 42.5 pips profit if can do it every day not bad some trades i closed out earlier coz i felt better to take a little win or loss according the PA i saw {image}
Ignored
Hi can you post your strategy here pls thanks
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
 
 
  • Post #844
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  • Jul 23, 2021 9:28am Jul 23, 2021 9:28am
  •  Jenx
  • Joined Dec 2013 | Status: Member | 495 Posts
Quoting zakgr
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{quote} Tell us some things about SL Where do you put it?
Ignored
Its all in the thread
Where price is now, it has been before, and will be again.
 
 
  • Post #845
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  • Jul 23, 2021 11:00am Jul 23, 2021 11:00am
  •  TC48
  • | Joined Dec 2014 | Status: Member | 215 Posts
Hello Jenx...nice to see u back
I just started trading xau/usd with ur method.
do u have any opinion on this
thanks and stick around for a while
TC48
 
 
  • Post #846
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  • Aug 13, 2021 1:01pm Aug 13, 2021 1:01pm
  •  emmanuelmzzy
  • | Joined Aug 2021 | Status: Junior Member | 1 Post
I’ve been wondering around spending hours on end backtesting different strategies but was never profitable I haven’t even had my first profitable week yet. But by reading this thread it has changed my whole view on how you trade in these Markets thank you so much Jenx for the work you put in , hopefully I can have my first profitable week with this strategy
 
 
  • Post #847
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  • Aug 14, 2021 10:54am Aug 14, 2021 10:54am
  •  raik07
  • | Joined Jul 2021 | Status: Member | 5 Posts
Quoting Jenx
Disliked
{quote} None taken I don't try and get as many trades in as I can. I'm happy to sit in front of my computer for half an hour, an hour whatever waiting for a decent opportunity based on my rules. If one comes along, the trade rarely lasts more than 15/20 mins. I'm more than happy to take my 10/15 pips or whatever, close my laptop, get on my bike and go to the beach and come back later. You see this "system" is all about subjectivity. My trade is down to me. It's why it could never be automated into an ea. In any case, I've yet to see any ea work...
Ignored
Hi there!
your comment really amazes me a lot.

when a person trades psychology and other factors come into play.

algorithmic trading will always be better and more efficient than manual trading.

In my case, I prefer to design robust systems that allow me to use my time for other things.
 
 
  • Post #848
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  • Aug 19, 2021 5:57am Aug 19, 2021 5:57am
  •  Garrus
  • | Joined Apr 2020 | Status: Member | 63 Posts
Hi Guys, in my opinion we just need to find an important level like here:
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  • Post #849
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  • Aug 19, 2021 6:44am Aug 19, 2021 6:44am
  •  Garrus
  • | Joined Apr 2020 | Status: Member | 63 Posts
And again, some of them are wins, some are losses or breakeven. But price very often respect important level so this is our advantage, I think.
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  • Post #850
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  • Aug 19, 2021 8:18am Aug 19, 2021 8:18am
  •  birdland
  • Joined Aug 2010 | Status: . | 3,917 Posts | Online Now
Quoting raik07
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{quote} Hi there! your comment really amazes me a lot. when a person trades psychology and other factors come into play. algorithmic trading will always be better and more efficient than manual trading. In my case, I prefer to design robust systems that allow me to use my time for other things.
Ignored
well, we are all different.

and one is born to trade manually, and the other is born to trade with algorithm or using an EA.
I know that you and I know nothing...and don't think!
 
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  • Post #851
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  • Aug 19, 2021 8:31am Aug 19, 2021 8:31am
  •  Garrus
  • | Joined Apr 2020 | Status: Member | 63 Posts
Let's see how it will work...
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  • Post #852
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  • Aug 19, 2021 8:49am Aug 19, 2021 8:49am
  •  Garrus
  • | Joined Apr 2020 | Status: Member | 63 Posts
Quoting Garrus
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Let's see how it will work... {image}
Ignored
It was good for 8 pips.
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  • Post #853
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  • Aug 19, 2021 12:42pm Aug 19, 2021 12:42pm
  •  dazjw2311
  • Joined Jul 2016 | Status: Member | 411 Posts
I found waiting for price to close above 25 sma after bollinger touch provides best signals. This illustration show a trade im in now, i got in little late though
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  • Post #854
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  • Aug 21, 2021 8:58am Aug 21, 2021 8:58am
  •  Quickly
  • | Joined Jun 2017 | Status: Member | 165 Posts
Quoting dazjw2311
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I found waiting for price to close above 25 sma after bollinger touch provides best signals.
Ignored

I hear you there - but it depends on exactly what you mean by "best", doesn't it?

When colleagues and I used to trade a very similar system (on currency futures) many years ago, we always found that doing what you suggest significantly increased the win-rate, but at the cost of missing out on so much that it actually reduced the overall profit, and we abandoned the idea for that reason.

You could perhaps compensate for that by increasing the position-sizing a little, but that will also increase the risk, of course.
 
 
  • Post #855
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  • Aug 23, 2021 11:08am Aug 23, 2021 11:08am
  •  turnip15
  • Joined Sep 2006 | Status: Member | 9,759 Posts
Quoting dazjw2311
Disliked
I found waiting for price to close above 25 sma after bollinger touch provides best signals. This illustration show a trade im in now, i got in little late though {image}
Ignored
Does it compare with your thread on "3 bar Fractal break" ?
every Saint has a past. Every Sinner has a Future
 
 
  • Post #856
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  • Last Post: Sep 2, 2021 9:00am Sep 2, 2021 9:00am
  •  fahmie.fate
  • | Joined Aug 2021 | Status: Junior Member | 1 Post
excuse me,where can i have your template? i mean the bb and ma indicator. what is the setting?
 
 
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