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Scalping System by Machine

  • #101
  • Jun 25, 2024 10:29pm Jun 25, 2024 10:29pm
Quoting since80808
{quote} But maybe we still need more filters {image}
Filter is the bias ( 20 ema ) and PA of the engulfing impulse. MM should do the rest. Introduction of RSI’s etc and one can follow the Trendline scalping systems and its variants on FF I think. System’s generally end up more complex to the detriment of the clean robust core of the original
  • #102
  • Jun 26, 2024 2:17am Jun 26, 2024 2:17am
the 2nd entry didn't follow the volume because the PA is so quickly I didn't notice i think im sticking in 5mins instead of 1
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  • #103
  • Jun 26, 2024 7:03am Jun 26, 2024 7:03am
Quoting DwnUndrTrdr
{quote} Filter is the bias ( 20 ema ) and PA of the engulfing impulse. MM should do the rest. Introduction of RSI’s etc and one can follow the Trendline scalping systems and its variants on FF I think. System’s generally end up more complex to the detriment of the clean robust core of the original
Theres probably not much need for any more indicators, but observing different price action patterns and methods could prove worthy (key levels, break of structures, candlestick patterns, smart money concepts, snr, supply and demand)

These methods aren’t inherently part of the “system” but they can give context for more refined entries. That’s our advantage over a silly robot.

It could be advantageous to learn which of these methods prove most productive with the system. I’ve always used break of structures to define bigger picture bias, but interested to see how other traders can refine their entries using other methods.
  • #104
  • Jun 26, 2024 7:09am Jun 26, 2024 7:09am
Quoting MachineLearn
{quote} Theres probably not much need for any more indicators, but observing different price action patterns and methods could prove worthy (key levels, break of structures, candlestick patterns, smart money concepts, snr, supply and demand) These methods aren’t inherently part of the “system” but they can give context for more refined entries. That’s our advantage over a silly robot. It could be advantageous to learn which of these methods prove most productive with the system. I’ve always used break of structures to define bigger picture bias,...
You don’t need to use price action to contextualize your entries. Maybe it’s just a specific time you trade, or maybe it’s fundamental analysis, or maybe it’s nothing and you trade every single setup. There’s no right or wrong.
  • #105
  • Jun 26, 2024 8:13am Jun 26, 2024 8:13am
Quoting DwnUndrTrdr
{quote} ML, how many pairs are you following? Just ED?
All pairs but favor lower spread pairs like majors
  • #106
  • Jun 26, 2024 8:20am Jun 26, 2024 8:20am
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  • #107
  • Edited 11:28am Jun 26, 2024 9:55am | Edited 11:28am
EURUSD broke structure to the upside looking at potential retest

not on an impulsive move though
  • #108
  • Edited 1:02pm Jun 26, 2024 12:10pm | Edited 1:02pm
Although there were 2 false signals between 9:30 and 10:00 EST (i.e. in the first half an hour of NY Open), the strategy has produced 3 winners between 10:00 and 12:00 on ES M1 (e-mini SP500 futures) with R:R 1:1
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  • #109
  • Edited 3:43pm Jun 26, 2024 12:44pm | Edited 3:43pm
6E (EUR/USD Futures) M5 from 8AM EST (8 winners/1 loser with R:R 1:1) without observing low ATR:
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  • #110
  • Jun 26, 2024 1:24pm Jun 26, 2024 1:24pm
Quoting RoboSeer
6E (EUR/USD Futures) M5 from 8AM EST (6 winners/1 loser with R:R 1:1): {image}
Now that’s some performance
  • #111
  • Jun 26, 2024 1:50pm Jun 26, 2024 1:50pm
Honestly, I'm 4/4 winners today on SPY. I've been doing options. Beginners luck, or do I dare to dream?!

@machinelearn - so far so good
  • #112
  • Jun 26, 2024 1:58pm Jun 26, 2024 1:58pm
Quoting Silkysilv
Honestly, I'm 4/4 winners today on SPY. I've been doing options. Beginners luck, or do I dare to dream?! @machinelearn - so far so good
Lovely! Don’t dream too much, there’s definitely going to be a lot of losses along the journey too. Our success, ESPECIALLY with scalping, boils down to remaining consistent, it’s literally that easy. We have an edge….don’t throw it away revenge trading ,trying to use robots, or ignoring rules, etc. CONSISTENCY = PROFITABILITY
  • #113
  • Jun 26, 2024 4:28pm Jun 26, 2024 4:28pm
Quoting RoboSeer
6E (EUR/USD Futures) M5 from 8AM EST (8 winners/1 loser with R:R 1:1) without observing low ATR: {image}
That EMA was fairly flat… Well done on your results
  • #114
  • Jun 26, 2024 7:48pm Jun 26, 2024 7:48pm
Quoting MachineLearn
{quote} Lovely! Don’t dream too much, there’s definitely going to be a lot of losses along the journey too. Our success, ESPECIALLY with scalping, boils down to remaining consistent, it’s literally that easy. We have an edge….don’t throw it away revenge trading ,trying to use robots, or ignoring rules, etc. CONSISTENCY = PROFITABILITY
goodmorning bro i added % Candle Closed indicator in my tv. if looking for short the histogram line must be below levels and if buy must above the level?
  • #115
  • Edited 8:30pm Jun 26, 2024 8:19pm | Edited 8:30pm
1 sl because of spread

-ANOTHER FINDINGS eu
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  • #116
  • Jun 26, 2024 8:51pm Jun 26, 2024 8:51pm
Quoting tapikotakupe
{quote}goodmorning bro i added % Candle Closed indicator in my tv. if looking for short the histogram line must be below levels and if buy must above the level?
yes sir make sure you adjust the settings to 75 25
  • #117
  • Jun 26, 2024 8:51pm Jun 26, 2024 8:51pm
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  • #118
  • Jun 26, 2024 8:52pm Jun 26, 2024 8:52pm
Quoting tapikotakupe
1 sl because of spread -ANOTHER FINDINGS eu {image} {image}
nice one
  • #119
  • Jun 26, 2024 9:00pm Jun 26, 2024 9:00pm
Quoting MachineLearn
{quote} yes sir make sure you adjust the settings to 75 25
like this ?
long - the engulfing candle must be 75 and above
short - the engulfing candle must below 25
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  • #120
  • Jun 26, 2024 9:49pm Jun 26, 2024 9:49pm
Quoting tapikotakupe
{image}
Hi Please can you let me know the volume indi you are using on trading view?
Thanks
Its all just one persons opinion
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