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Simple Scalping

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...
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...

Tell us some things about SL
Where do you put it?
Quoting Charlie66
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}
Hi can you post your strategy here pls thanks
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
Quoting zakgr
{quote} Tell us some things about SL Where do you put it?
Its all in the thread
Where price is now, it has been before, and will be again.
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
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
Quoting Jenx
{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...
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.
Hi Guys, in my opinion we just need to find an important level like here:
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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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Quoting raik07
{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.
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.
Let's see how it will work...
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Quoting Garrus
Let's see how it will work... {image}
It was good for 8 pips.
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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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Quoting dazjw2311
I found waiting for price to close above 25 sma after bollinger touch provides best signals.

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.
Quoting dazjw2311
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}
Does it compare with your thread on "3 bar Fractal break" ?
excuse me,where can i have your template? i mean the bb and ma indicator. what is the setting?
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