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Super Simple System for Scalping

  • #61
  • Apr 11, 2022 1:46pm Apr 11, 2022 1:46pm
Quoting burnestgeyer
Potential setup edit - stuck in trade edit - loss $250 lesson learned: the cross candle had a wick that rejected off of bb band , this is a reversal sign, so very risky to take this trade. Remember you need space to profit stay cool and we will win on the next one {image} {image}
Why did you open this Short?
Your Cao 14,100 was above zero, so only Long.
  • #62
  • Apr 11, 2022 2:32pm Apr 11, 2022 2:32pm
Quoting franz
{quote} Why did you open this Short? Your Cao 14,100 was above zero, so only Long.
I didn’t I went long - that red dot is a separate indicator haha
  • #63
  • Apr 11, 2022 2:37pm Apr 11, 2022 2:37pm
Quoting burnestgeyer
{quote} I didn’t I went long - that red dot is a separate indicator haha
I didn't say you opened a Long, I asked if you opened a Short .
How did you lose that $ 250?
  • #64
  • Apr 11, 2022 2:48pm Apr 11, 2022 2:48pm
Quoting franz
{quote} I didn't say you opened a Long, I asked if you opened a Short . How did you lose that $ 250?
You asked if I opened a short and I said I didn’t - I opened a long

I opened long and price started to come back after bb touch and I’m using a massive lot size so I exited on this candle
Attached Image (click to enlarge)
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  • #65
  • Apr 11, 2022 8:02pm Apr 11, 2022 8:02pm
not too many trades today lets take a look!

and the loss i took earlier
2-1
Attached Image(s) (click to enlarge)
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  • #66
  • Apr 11, 2022 9:24pm Apr 11, 2022 9:24pm
By default AO indicator will have more than entry entry
CAO (5,34) indicator will make you miss many entries
  • #67
  • Apr 12, 2022 1:18am Apr 12, 2022 1:18am
Quoting tienvip123be
By default AO indicator will have more than entry entry CAO (5,34) indicator will make you miss many entries
If you put the Cao indicator with setting 5,34 , you are wrong.
Just because the AO ( with default setting ) gives many false signals, it is necessary to put a filter and that is the Cao indicator with setting 14 , 100 .
It's not difficult to understand.
  • #68
  • Apr 12, 2022 1:38am Apr 12, 2022 1:38am
Please guys how can i get this two indicators from you, can anyone help me out?
  • #69
  • Edited 2:34am Apr 12, 2022 2:06am | Edited 2:34am
Quoting franz
{quote} If you put the Cao indicator with setting 5,34 , you are wrong. Just because the AO ( with default setting ) gives many false signals, it is necessary to put a filter and that is the Cao indicator with setting 14 , 100 . It's not difficult to understand.
in the setting of #1 , the CAO indicator is set to 5.34
i tried using CAO (14,100) but it gives very slow signal
many profitable signals will be missed
  • #70
  • Apr 12, 2022 5:45am Apr 12, 2022 5:45am
Quoting tienvip123be
{quote} in the setting of #1 , the CAO indicator is set to 5.34 i tried using CAO (14,100) but it gives very slow signal many profitable signals will be missed
Evidently you are new to trading , you don't know how to use the indicators.
Reread my post # 53 , it's that simple.
  • #71
  • Apr 12, 2022 6:52am Apr 12, 2022 6:52am
A little background from the inventor:

Bill William’s Chaos Theory
Awesome Oscillator (AO) Overview
Awesome Oscillator (AO) determines market momentum (the second of five market dimensions) at
a given time on the last 5 bars, comparing them to the momentum on the last 34 bars.
Awesome Oscillator (AO) is simply the difference between the 34-period and 5-period simple moving
averages of the bar's midpoints (H+L)/2. Awesome Oscillator (AO) is displayed on the chart as a
histogram.
https://www.forexfactory.com/attachm...4&d=1346336346

My broker uses that exact formula, but calls it Chaos_Awesome_Oscillator.
  • #72
  • Apr 12, 2022 7:19am Apr 12, 2022 7:19am
A quick short scalp at 14058.00 yielded 5.25 pts for NAS100.

It looked toppy on M5 chart, but has not broken down from this area. AO went red.
  • #73
  • Apr 12, 2022 8:47am Apr 12, 2022 8:47am
Quoting timingchain
A quick short scalp at 14058.00 yielded 5.25 pts for NAS100. It looked toppy on M5 chart, but has not broken down from this area. AO went red.
Nice
  • #74
  • Apr 12, 2022 8:56am Apr 12, 2022 8:56am
Quoting Simontw
I found this system yesterday. Super simple and I think if on 1min chart you can just sit there and take all the opportunities. Larger time frames it might be good to get an alert. I like the small SL you can have and the potential for big trades....for sure there will be lots of small BE or small lots but the wins I think more than make up for it. Here is the link: https://www.forexstrategiesresources...alping-system/ Here's the strategy: Going LONG: Enter a long...
Has Simon disappeared?
every Saint has a past. Every Sinner has a Future
  • #75
  • Apr 12, 2022 8:59am Apr 12, 2022 8:59am
Quoting turnip15
{quote} Has Simon disappeared?
he just found the strategy so it’s not like he has any more insight than a lot of the users here
  • #76
  • Apr 12, 2022 9:40am Apr 12, 2022 9:40am
Nothing too exciting this morning for nas
  • #77
  • Apr 12, 2022 10:10am Apr 12, 2022 10:10am
Quoting burnestgeyer
Nothing too exciting this morning for nas
you use default AO
or C.A.O indicator (14,100)
  • #78
  • Apr 12, 2022 10:17am Apr 12, 2022 10:17am
I tested this method on demo since yesterday and I must say it works really good. Thanks burnestgeyer for sharing!
Uploaded some trades I took today and the results...30 trades in total, 21 trades closed in proft, 70% win rate.

I only trade EURUSD, US100 (NASDAQ) and GOLD, all on M1 time frame.
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  • #79
  • Apr 12, 2022 10:23am Apr 12, 2022 10:23am
Quoting tienvip123be
{quote} you use default AO or C.A.O indicator (14,100)
I switched to CAO I find them similar, presenting different opportunities in their own way
  • #80
  • Apr 12, 2022 10:25am Apr 12, 2022 10:25am
Quoting Olarion1975
I tested this method on demo since yesterday and I must say it works really good. Thanks burnestgeyer for sharing! Uploaded some trades I took today and the results...30 trades in total, 21 trades closed in proft, 70% win rate. I only trade EURUSD, US100 (NASDAQ) and GOLD, all on M1 time frame. {image} {image} {image} {image}
dude that’s solid!

algorithmically it will perform worse too! I’d say 75 -80% win rate is a realistic performance.

well done, keep me updated with your live trades!
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