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Linuxtroll Simple Scalping

  • #821
  • Aug 31, 2007 11:27pm Aug 31, 2007 11:27pm
Ok, just to see if i understand correctly, the idea is to buy on the pullbacks and just grab 3-6 pips yes?
If so.... another question........ I have been trying out some demo's with ECN's, and they still charge 1pips spread plus commision alot of the time.
I have 2pip spread on my AU, can you think of any reason that would not be apropriate?
thanks in advance for any replys
Living the adventure in my head.
  • #822
  • Sep 1, 2007 12:49am Sep 1, 2007 12:49am
Quoting pkchilly
Just wondering if anyone knows if there is a possibility to automate a buy when spread on the navigator is 0 or less, I'm finding it hard to click my mouse that fast Then it usually jumps back up to 2 or more pips and that's when my finger comes down on the button. It would be nice to determine position to buy, then click a buy when spread is 0 or less within a price zone and let the computer click instantaneously (It's a whole lot faster than I am!) Any ideas? pk
use the MB SDK... you can incorporate all the fancy little pieces of the navigator into your own app easily. Even write it in VB if you want to. So you can make your own navigator that will do whatever you want. See the vipfx guy's screenshot of his scalping product to see what I mean... do you think it took him a long time to make it? no, it's easy because MB gives you everything with their SDK.

That said, apparently in Omega supports a lot of programming and is recommended for use over the SDK... I kind of like the SDK, so I'll have to wait to see what this Omega is like. Shouldn't have to wait long for that though apparently.

another alternate mode of operation to what you're asking is maybe you'd want to have a program where the buy button is only enabled when the spread is satisfactory to you, this way you can click buy to your heart's content and it would only go through if the spread was acceptable to you.

p.s. if you cannot program essentially I'm saying it's very easy to write a custom program and therefore would cost you very little for a freelancer from one of those freelance sites to write it for you. So easy to do by yourself or to get someone else to do it.
  • #823
  • Sep 1, 2007 7:28am Sep 1, 2007 7:28am
Quoting linuxtroll
Absolutely MasterBlaster... Look for 6 pips daily - trading only one currency and you will reap the results... Very simple and easy with Rainbow - That's why the name Linuxtroll Simple Scalping...
So what do you do the other 23 hours and 59 minutes of the day:
  • #824
  • Sep 1, 2007 7:42am Sep 1, 2007 7:42am
Quoting DrainBamage
Today when I traded during Bernanke and Bush speaches all my trades turned into losers. I was almost always on the wrong side. Do you recommend to avoid news times especially when someone important speaks or rainbow works for you even in such conditions and its just a matter of experience?
That's one of my rules: no trading before or right at major economic events.
  • #825
  • Sep 1, 2007 7:59am Sep 1, 2007 7:59am
With simple rules you can capture 100 out of a 120 pip move in 2 hours. 15pip stop(or less) BE at 5 and trail by 10. Those are my rules thus far, create your own. If you had a TP of 10 you could have had 70 pips for example. The arrows are not hand drawn BTW.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1m.gif Size: 49 KB
  • #826
  • Sep 1, 2007 9:20am Sep 1, 2007 9:20am
Quoting C.E.O.
With simple rules you can capture 100 out of a 120 pip move in 2 hours. 15pip stop(or less) BE at 5 and trail by 10. Those are my rules thus far, create your own. If you had a TP of 10 you could have had 70 pips for example. The arrows are not hand drawn BTW.
Excellent! Is the ARROW-drawer publicly available. If yes, where?

Thanks...subsecond
  • #827
  • Sep 1, 2007 9:50am Sep 1, 2007 9:50am
Quoting subsecond
Excellent! Is the ARROW-drawer publicly available. If yes, where?

Thanks...subsecond
there you go
http://www.forexfactory.com/showpost...&postcount=666

another useful indicator is level stop and reverse.try to search inside the forum
  • #828
  • Sep 1, 2007 9:51am Sep 1, 2007 9:51am
Quoting C.E.O.
So what do you do the other 23 hours and 59 minutes of the day:
Enjoying the life...
  • #829
  • Sep 1, 2007 10:15am Sep 1, 2007 10:15am
Quoting TheOne
Stan, I see your in the money now so you have lost the cow.
The cow rocks.
I am hoping the crazy cow I put out to pasture will stay there.
If you need to borrow it for awhile, let me know as I don't plan on needing it anymore.
  • #830
  • Sep 1, 2007 10:31am Sep 1, 2007 10:31am
Quoting linuxtroll
Enjoying the life...
  • #831
  • Sep 1, 2007 10:32am Sep 1, 2007 10:32am
Quoting C.E.O.
With simple rules you can capture 100 out of a 120 pip move in 2 hours. 15pip stop(or less) BE at 5 and trail by 10. Those are my rules thus far, create your own. If you had a TP of 10 you could have had 70 pips for example. The arrows are not hand drawn BTW.
I see we are both working on same subject..
I like your template very much. Do you mind sharing it? I like this green-red look
BTW, the arrows are MAs cross of.. ? I´m playing with a few numbers but nothing good with this spread.

Cheers

Carllos
"Hoe ur pips mate?" fxcarllos
  • #832
  • Sep 1, 2007 11:01am Sep 1, 2007 11:01am
Quoting Carllos
I see we are both working on same subject..
I like your template very much. Do you mind sharing it? I like this green-red look
BTW, the arrows are MAs cross of.. ? I´m playing with a few numbers but nothing good with this spread.

Cheers

Carllos
Spend the time in watching and taking the trades using Rainbow to capture high probability trades... Trying to create indicators and auto trader using MT4 takes many years and it is not a serious platform for trading ForEx... I have gone through that phase already... Capture a few pips with high probability with max lot you can afford to trade will make you filthy rich than autotraders or trying to capture all the moves hours after hours - overtrading and burning your equity (hard earned Money)... Not good for your health too and you must make the money as soon as possible - so that you can enjoy that money before you get old... LoL
  • #833
  • Sep 1, 2007 12:52pm Sep 1, 2007 12:52pm
LT...Do you have an eta on the ebook? I hope that this thread will be the first to know when "The Eagle Has Landed"!
Thanks
Q
The Only Constant Is Change!
  • #834
  • Sep 1, 2007 1:55pm Sep 1, 2007 1:55pm
Quoting JazzmanQ2
LT...Do you have an eta on the ebook? I hope that this thread will be the first to know when "The Eagle Has Landed"!
Thanks
Q
Absolutely...
  • #835
  • Sep 1, 2007 2:32pm Sep 1, 2007 2:32pm
Quoting linuxtroll
You can add Rainbow to support and capture big moves (here you can pick the time frame based on your risk capital -- example 3h)...
Just re-reading the thread on Saturday.
Looking back at post #1, I wonder: What's the longest TF scalp
you've done, LT?

Also: What's a productive down-time activity for
(non-golfing) rainbow scalpers. Weekends are boring these days!
What's a good book, until yours comes out, LT?

Attached: a quick 2 year scalp.
Attached Image (click to enlarge)
Click to Enlarge Name: 2yearscalp.gif Size: 33 KB
  • #836
  • Sep 1, 2007 3:46pm Sep 1, 2007 3:46pm
Quoting FXSurfer
What's a good book, until yours comes out, LT?

Surfer..you can try "The secret"....I'm sure, Lunixtroll can agree with me...Go to any book store and get it...It's a small book with around 180 paged, easy to read.. It will grab ur attention so you will not put it down until you'll fishish it ... and when you'll finish it ......................................... .
  • #837
  • Sep 1, 2007 4:13pm Sep 1, 2007 4:13pm
Quoting Neznaika
Surfer..you can try "The secret"....I'm sure, Lunixtroll can agree with me...Go to any book store and get it...It's a small book with around 180 paged, easy to read.. It will grab ur attention so you will not put it down until you'll fishish it ... and when you'll finish it ......................................... .
Get the DVD... and watch... You will attract 99% hit rate...
  • #838
  • Sep 1, 2007 4:27pm Sep 1, 2007 4:27pm
Yeah, the secret is good. There is also a movie called "What the bleep do we know?" which is along the same lines(I think blockbuster has it)

Oh, and FXSurfer, congrats on the 0KT status
  • #839
  • Sep 1, 2007 5:11pm Sep 1, 2007 5:11pm
"The Secret" is in fact known for many years. I was quiet surprised that Neville Goddard was not mentioned in the whole book. He was the fisrt person who brought this to public in early 50s. Anyway, secret societies knows this "secret" for a very long time, i really don´t know why so many are surprised about this subject. Its just a natural law. It exists for ever.. Sometimes simple things are really hard to see, just like our rainbow
"Hoe ur pips mate?" fxcarllos
  • #840
  • Sep 1, 2007 5:29pm Sep 1, 2007 5:29pm
Wasn't it this person who was one of the first to write about it?

http://en.wikipedia.org/wiki/Wallace_Wattles
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