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CPP Scalping Strategy

  • #81
  • Jul 17, 2023 2:31pm Jul 17, 2023 2:31pm
Quoting axecap
{quote} went very well .All the way to S5,. Managed to add some when it retested, and take some out on the way. I'm already longer term short on this pair so didn't see it as a risk. Haven't used camarilla pivots for years, but very accurate yesterday on NU. Thanks FireScape
glad to hear you’re finding good results! It’s an underrated indicator for sure
Can't go broke making profit
  • #82
  • Jul 17, 2023 3:23pm Jul 17, 2023 3:23pm
Hi FireScape

Interesting thread you have.
Can I ask, if one of the bracket trades on a pair is activated and runs to take profit do you keep the opposite trade or cancel it.
Also do you take high impact news into consideration when choosing which trades to take.
Thank you for your time.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #83
  • Jul 17, 2023 5:16pm Jul 17, 2023 5:16pm
Has anyone tried on indices?
FTSE (UK100) might be worth a try.

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Its all just one persons opinion
  • #84
  • Jul 17, 2023 7:04pm Jul 17, 2023 7:04pm
Quoting Seabreeze
Hi FireScape Interesting thread you have. Can I ask, if one of the bracket trades on a pair is activated and runs to take profit do you keep the opposite trade or cancel it. Also do you take high impact news into consideration when choosing which trades to take. Thank you for your time.
Yes i keep the opposite side zone opened from my experience both sides hit regardless of what happened on the other side but feel free to experiment.

I don’t really take news into consideration, I see it as another random variable that can swing price in either direction which over many trades doesn’t actually impact our profitability, but again experiment and share results. This is a unique strategy created solely by me with all live testing and experience in the market.
Can't go broke making profit
  • #85
  • Jul 17, 2023 8:48pm Jul 17, 2023 8:48pm
Looks good to me , hopefully hit over night! G'night

1 Standard Lot
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Can't go broke making profit
  • #86
  • Jul 17, 2023 11:52pm Jul 17, 2023 11:52pm
Quoting FireScape
{quote} This is a unique strategy created solely by me with all live testing and experience in the market.
Can you suggest pairs based on your experience? I am trying to automate this with EA I am working on but backtest of 10 pairs for last year dont show good results. May be we need more than just s3,s4,r3 and r4, what do you think?

Thanks!
  • #87
  • Jul 18, 2023 5:42am Jul 18, 2023 5:42am
3 orders today:3 TP +80 PIPS

EURCHF
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EURJPY

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USDJPY
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  • #88
  • Jul 18, 2023 5:59am Jul 18, 2023 5:59am
Quoting trungducsp2
3 orders today:3 TP +80 PIPS EURCHF {image}EURJPY {image} USDJPY {image}
Nice ones!
Can't go broke making profit
  • #89
  • Jul 18, 2023 6:00am Jul 18, 2023 6:00am
Quoting pewebly
{quote} Can you suggest pairs based on your experience? I am trying to automate this with EA I am working on but backtest of 10 pairs for last year dont show good results. May be we need more than just s3,s4,r3 and r4, what do you think? Thanks!
I don’t think we need more and I can’t suggest pairs
Can't go broke making profit
  • #90
  • Jul 18, 2023 7:44am Jul 18, 2023 7:44am
FireScape, when is a good time to delete stop orders that have not been activated?
  • #91
  • Jul 18, 2023 7:54am Jul 18, 2023 7:54am
Quoting Mic_FX
FireScape, when is a good time to delete stop orders that have not been activated?
Once all the volume is out the market and price starts consolidating - discretion advised. Sorry the rules are not more defined but I’m a big believer in less over fitting and more flexibility. There’s no perfect answer. This “system” is merely just a framework for potential areas price might interact.

I don’t like adding a bunch of useless indicators to the system but if someone finds an actual breakthrough we can consider adding it the system. For now it will be open and flexible - any pair, any time, either zone
Can't go broke making profit
  • #92
  • Jul 18, 2023 7:55am Jul 18, 2023 7:55am
I challenge traders using this system to help find a better RR and risk management for the system as that’s its biggest weakness

accuracy is not an issue
Can't go broke making profit
  • #93
  • Jul 18, 2023 8:29am Jul 18, 2023 8:29am
Quoting FireScape
I challenge traders using this system to help find a better RR and risk management for the system as that’s its biggest weakness accuracy is not an issue
For me RR is fine. I have no problem with that RR if WL ratio is above 67%. This RR is good for psychology because we have more wins than losses.
I don't like Martingale (double Size after loss) and I like to eliminate that from MM equation.
  • #94
  • Jul 18, 2023 8:39am Jul 18, 2023 8:39am
Quoting FireScape
I challenge traders using this system to help find a better RR and risk management for the system as that’s its biggest weakness accuracy is not an issue
If you are happy with your win percentage, you can always add to position and keep the same R:R, no need to reinvent the wheel.
  • #95
  • Jul 18, 2023 9:33am Jul 18, 2023 9:33am
Watching EUR/USD let's see if i got it correct and if it's works.. Subscribed !
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  • #96
  • Jul 18, 2023 9:47am Jul 18, 2023 9:47am
UPDATE ! It's hit to S4 if i was in it was TP, i liked it will try other timeframes thanks FireScape
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  • #97
  • Jul 18, 2023 9:47am Jul 18, 2023 9:47am
Quoting kadak
Watching EUR/USD let's see if i got it correct and if it's works.. Subscribed ! {image}
not valid
Can't go broke making profit
  • #98
  • Jul 18, 2023 9:50am Jul 18, 2023 9:50am
Quoting FireScape
{quote} not valid
Yeah i just realised now it's not inside the previous days CPP lines but still worked
  • #99
  • Jul 18, 2023 10:08am Jul 18, 2023 10:08am
Heres a descent adjustable pivot indi for MT4 if anyones looking.
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Attached File(s)
File Type: ex4 All_Pivot_Points.ex4   74 KB | 362 downloads
  • #100
  • Jul 18, 2023 10:22am Jul 18, 2023 10:22am
Quoting Paulscaff1
Heres a descent adjustable pivot indi for MT4 if anyones looking. {file} {image}
Thanks I’ll pin this one to the main post when home
Can't go broke making profit
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