Super Simple System for Scalping | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Super Simple System 314 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

X-Man's super simple system 4 hour method 1 reply

Super Simple 5min Scalping 32 replies

Simple Scalping System 64 replies

Attachments: Super Simple System for Scalping
Exit Attachments

Super Simple System for Scalping

  • #21
  • Apr 7, 2022 1:25pm Apr 7, 2022 1:25pm
Quoting burnestgeyer
Profit from last trade - it’s too easy {image}
So when do you exit the markets? When the price is at the outerbands?

thanks in advance
  • #22
  • Apr 7, 2022 11:01pm Apr 7, 2022 11:01pm
Quoting Kipfilet
{quote} So when do you exit the markets? When the price is at the outerbands? thanks in advance
i recently just turned this into an algo and have been formulating the best exit strategy.

I scalp, and obviously the NAS100 moves a lot so it’s easy to get out with quick profits.

but if you’re looking for a rigid rule set, I would say start with a 1:1 from closest swing.

If you exit when it touches bands you’ll miss a lot of runners. trailing stop loss after Bb touch and/or after 1:1 profit has triggered could be ideal.

exiting has always been more of a risk appetite things

what I do know is this will get you in profitable trades and it’s up to you to manage how you exit the most profitable.

when scalping you can exit positions quick even after a few ticks, and that’s usually how I trade.

make sure your entries are sniper and have a mental stop
  • #23
  • Apr 7, 2022 11:05pm Apr 7, 2022 11:05pm
Here’s an example of setting a tp of 1:1 with the closest swing low

once tp is hit we can set a trailing stop loss as price likes to ride the bb for nice runners some times

You can exit on the 1;1 alone or on the AO color switch.

Exiting on ao will generally lower your win rate but increase the winners profit
Attached Image (click to enlarge)
Click to Enlarge Name: 74654CD8-B504-48F3-B5E7-A2DABF1C3DF4.png Size: 301 KB
  • #24
  • Apr 8, 2022 1:41am Apr 8, 2022 1:41am
Does anyone have Chaos Awesome Oscillator for Tradingview?
If not, What alternative can we use for it in tradingview?
  • #25
  • Apr 8, 2022 7:13am Apr 8, 2022 7:13am
Quoting burnestgeyer
Here’s an example of setting a tp of 1:1 with the closest swing low once tp is hit we can set a trailing stop loss as price likes to ride the bb for nice runners some times You can exit on the 1;1 alone or on the AO color switch. Exiting on ao will generally lower your win rate but increase the winners profit {image}
What settings has your Chaos indicator?
  • #26
  • Apr 8, 2022 7:25am Apr 8, 2022 7:25am
Quoting Olarion1975
{quote} What settings has your Chaos indicator?
I’m using default AO
  • #27
  • Apr 8, 2022 7:40am Apr 8, 2022 7:40am
Latest trade on NAS100.

Perfect setup - I knew this would hit I had a hefty lot size haha
Attached Image (click to enlarge)
Click to Enlarge Name: 0E49858E-669F-4525-B982-BA4CE44DBAAF.png Size: 309 KB
  • #28
  • Apr 8, 2022 7:55am Apr 8, 2022 7:55am
Quoting burnestgeyer
Latest trade on NAS100. Perfect setup - I knew this would hit I had a hefty lot size haha {image}
Great! What time frame? I see 1'
  • #29
  • Apr 8, 2022 7:58am Apr 8, 2022 7:58am
Quoting kofix11
{quote} Great! What time frame? I see 1'
Strategy is flexible, but we’re scalping on the 1 minute time frame
  • #30
  • Apr 8, 2022 8:01am Apr 8, 2022 8:01am
Quoting burnestgeyer
{quote} Strategy is flexible, but we’re scalping on the 1 minute time frame
  • #31
  • Apr 8, 2022 10:11am Apr 8, 2022 10:11am
Quoting burnestgeyer
Latest trade on NAS100. Perfect setup - I knew this would hit I had a hefty lot size haha {image}
Nice work burnestgeyer.
If you want , try with Cao.mq4 ( setting 14,100 ) , it filters out many false signals.
Attached Image (click to enlarge)
Click to Enlarge Name: USTECM1.png Size: 25 KB

Attached File(s)
File Type: mq4 Cao.mq4   5 KB | 770 downloads
  • #32
  • Apr 8, 2022 10:40am Apr 8, 2022 10:40am
Quoting franz
{quote} Nice work burnestgeyer. If you want , try with Cao.mq4 ( setting 14,100 ) , it filters out many false signals. {image} {file}
I’d love to try it but I only use TradingView. Would you be able to compile the code in pine script, or find a similar indicator on there you think?
  • #33
  • Apr 8, 2022 10:40am Apr 8, 2022 10:40am
HA touching BB when crossed so this is a super quick position, literally exiting after immediately being in profit haha
Attached Image (click to enlarge)
Click to Enlarge Name: FF259A9F-D60A-44FD-A69F-B9E5AAFEE81A.png Size: 277 KB
  • #34
  • Edited 11:54am Apr 8, 2022 11:35am | Edited 11:54am
Quoting burnestgeyer
{quote} I’d love to try it but I only use TradingView. Would you be able to compile the code in pine script, or find a similar indicator on there you think?
Try this link : https://www.tradingview.com/script/7FieAJJo/
  • #35
  • Apr 8, 2022 12:56pm Apr 8, 2022 12:56pm
Quoting franz
{quote} Try this link : https://www.tradingview.com/script/7FieAJJo/
that worked thanks!
  • #36
  • Apr 8, 2022 2:02pm Apr 8, 2022 2:02pm
Potential setup

edit - I entered

edit 2 - I exited with $138
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0DB8E2FA-32E5-4BF2-8F56-AA66A60019A9.png Size: 260 KB
Click to Enlarge Name: 56793248-93BA-487B-B326-41F626FDA5BA.png Size: 265 KB
Click to Enlarge Name: EB2B1752-BE84-49E1-8583-F688B510296F.png Size: 276 KB
  • #37
  • Apr 8, 2022 2:47pm Apr 8, 2022 2:47pm
Setup

edit - profit taken - 25 second trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: F76BF8CD-AB29-4B3B-A574-97A02753914C.png Size: 267 KB
Click to Enlarge Name: 4C41EEBD-12A2-40DE-BB93-751428858107.png Size: 246 KB
Click to Enlarge Name: C4A282C7-A06F-41B7-8DC1-5A97B90B2915.png Size: 334 KB
  • #38
  • Apr 8, 2022 2:51pm Apr 8, 2022 2:51pm
Last trade was a beautiful way to end the day. You can trade CFDS after market close but it loses all its liquidity and volatility.

only one loser today and 4 winners! Hope you guys see the potential
  • #39
  • Apr 9, 2022 9:41am Apr 9, 2022 9:41am
Quoting burnestgeyer
Last trade was a beautiful way to end the day. You can trade CFDS after market close but it loses all its liquidity and volatility. only one loser today and 4 winners! Hope you guys see the potential
Excellent results!

Can i ask you what settings do you use for AO?
Thanks
  • #40
  • Apr 9, 2022 11:23am Apr 9, 2022 11:23am
Quoting kostaspas7
{quote} Excellent results! Can i ask you what settings do you use for AO? Thanks
IMO it is not possible to change any settings on AO, or am I missing something?
By the way... yesterday I scalped on EU and EJ about 50 trades. 1:1. winrate way over 80%! I am very happy that I found this thread. It seems almost dead but maybe we can get it alive together.
0 traders viewing now