Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 126 | Forex Factory

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Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

  • #2,501
  • Oct 21, 2007 7:44am Oct 21, 2007 7:44am
am trying to download them but cant....have you taken them offline until the update?
  • #2,502
  • Oct 21, 2007 7:49am Oct 21, 2007 7:49am
Quoting Topgun
am trying to download them but cant....have you taken them offline until the update?
i am able to download without any problem, Pm me ur email incase u still have problems
  • #2,503
  • Oct 21, 2007 8:02am Oct 21, 2007 8:02am
  •  Derm
  • | Joined Aug 2007 | Status: It's all about The Pips | 42 Posts
Quoting viking1975
Hi everyone, I would like to learn how to build a ea anybody have site or book u can buy to learn the programming language to build a ea. I would like to try build a ea using imransait's system or is somebody already working on a ea for this amazing system.

Thanks all!

Chris

Hi Chris,

I am no programmer so don't really know if this is of any use or not, but there seems to be alot of useful information on the Metatrader website both in the Expert Advisers and Support section.

http://www.metaquotes.net/

Hope this helps.

Regards

Derm
  • #2,504
  • Oct 21, 2007 8:14am Oct 21, 2007 8:14am
Quoting imransait
Guys
Here is a 5min chart of USD/JPY, with the best entry points for this method, this can act as reference to newbies and for all of us when to take the trades ane be confident and not to have fear and greed and to have patience.
Hello imran - my thx too you for these idea and much hard work so inputted. One alert to alert only when all three line up would be magical but I have no the skills - anyone else can plz?
  • #2,505
  • Oct 21, 2007 8:30am Oct 21, 2007 8:30am
  •  Derm
  • | Joined Aug 2007 | Status: It's all about The Pips | 42 Posts
Quoting imransait
well, neither did i know about this bottomless gold mine, till i interacted with you guys and learnt a lot from your queries and went further deep to make this method more powerful, i should thank you all instead. I am sure as a group , we can really do more then 1000 pips a day...thats my vision and goal to trade 8 currencies and make that much a day
Been doing some calculations on price movement and liquidity of different pairs.

Basically I took the volume levels for the last year from the history section in Metatrader multiplied by the average daily pip movement and then divided by the spread to give a rating.

Surprise, surprise GBP/JPY had the highest rating even with the biggest spread.

What is the best spread anyone has found for the GBP/JPY?
Attached Image (click to enlarge)
Click to Enlarge Name: spreads.JPG Size: 226 KB
  • #2,506
  • Oct 21, 2007 8:43am Oct 21, 2007 8:43am
Quoting Derm
Been doing some calculations on price movement and liquidity of different pairs.

Basically I took the volume levels for the last year from the history section in Metatrader multiplied by the average daily pip movement and then divided by the spread to give a rating.

Surprise, surprise GBP/JPY had the highest rating even with the biggest spread.

What is the best spread anyone has found for the GBP/JPY?
derm

can u post the excel file so i can test out something

my spread on g/jpy including comm is 4-5 pips
  • #2,507
  • Oct 21, 2007 9:09am Oct 21, 2007 9:09am
  •  Derm
  • | Joined Aug 2007 | Status: It's all about The Pips | 42 Posts
Quoting imransait
derm

can u post the excel file so i can test out something

my spread on g/jpy including comm is 4-5 pips

I would but not able to upload .xls file on here, I can e-mail it or MSN Messanger it if you give me an address.

Have also added the rating for 4 & 5 pips spread on the GBP/JPY.
Attached Image (click to enlarge)
Click to Enlarge Name: spreads1.JPG Size: 227 KB
  • #2,508
  • Oct 21, 2007 9:18am Oct 21, 2007 9:18am
Forgive me, but I'm not sure exactly what the purpose of this chart is. So the gbp/jpy was the highest rating...what does that mean? It has the most movement? most volume? most potential for good trades? I'm basically clueless on what you're trying to show us. Any further explaination would be appreciated!

Quoting Derm
Been doing some calculations on price movement and liquidity of different pairs.

Basically I took the volume levels for the last year from the history section in Metatrader multiplied by the average daily pip movement and then divided by the spread to give a rating.

Surprise, surprise GBP/JPY had the highest rating even with the biggest spread.

What is the best spread anyone has found for the GBP/JPY?
  • #2,509
  • Oct 21, 2007 9:30am Oct 21, 2007 9:30am
Quoting Derm
I would but not able to upload .xls file on here, I can e-mail it or MSN Messanger it if you give me an address.

Have also added the rating for 4 & 5 pips spread on the GBP/JPY.

you could pack your excel sheet into a ZIP-file, which can be attached here. I'd love to play with it and enter the spreads of my broker.... Also, your sheet seems to comfirm why I like AUD/JPY so much...

bye
Ohka
  • #2,510
  • Oct 21, 2007 10:34am Oct 21, 2007 10:34am
Quoting imransait
Hi Bern
Just use 0.85 on 15min, ur profits will increase by 25%
Enter for long when it goes above 0.15 , exit when it goes to 1.00 and turns down to 0.90
Enter for short when it goes below 0.90 , exit when it goes to 0.00and turns up to 0.15

Enjoy
Imran,

which SL and TP for M15? in gbp/usd; gbp/jpy; usd/jpy, same configurations?
  • #2,511
  • Oct 21, 2007 10:40am Oct 21, 2007 10:40am
Quoting felipeds
Imran,

which SL and TP for M15? in gbp/usd; gbp/jpy; usd/jpy, same configurations?

SL and TP are different for each , it is as below, this is what i use, u can experiment and see which suits u

GBP/USD - SL - 20 Pips TP 60 Pips or S1/R1 and S2/R2
GBP/JPY - SL - 25 Pips TP 100 Pips or S1/R1 and S2/R2
USD/JPY - SL - 20 Pips TP 50 Pips or S1/R1 and S2/R2
  • #2,512
  • Oct 21, 2007 10:45am Oct 21, 2007 10:45am
Quoting imransait
SL and TP are different for each , it is as below, this is what i use, u can experiment and see which suits u

GBP/USD - SL - 20 Pips TP 60 Pips or S1/R1 and S2/R2
GBP/JPY - SL - 25 Pips TP 100 Pips or S1/R1 and S2/R2
USD/JPY - SL - 20 Pips TP 50 Pips or S1/R1 and S2/R2
Imran ,

in M15 he seems me more promising, I am certain?
  • #2,513
  • Oct 21, 2007 10:48am Oct 21, 2007 10:48am
Quoting felipeds
Imran ,

in M15 he seems me more promising, I am certain?
the higher timeframe you trade, the higher is the success probabilty, but i restrict myself to max 15min chart trade and i hold this trade till i get a reversal signal, so sometimes, it has gone for 400-500 pips , and sometimes for 50-80 pips, not faced a single loss on this 15min timeframe
  • #2,514
  • Oct 21, 2007 10:48am Oct 21, 2007 10:48am
  •  Derm
  • | Joined Aug 2007 | Status: It's all about The Pips | 42 Posts
Quoting Tw0eleven
Forgive me, but I'm not sure exactly what the purpose of this chart is. So the gbp/jpy was the highest rating...what does that mean? It has the most movement? most volume? most potential for good trades? I'm basically clueless on what you're trying to show us. Any further explaination would be appreciated!
I was finding myself trying to look at to many currencies and missing moves. I wanted to concentrate on a few, but which ones?

I came up with this table as a tool to help me choose 6 curencies, (which are highligted in green).

It was an experiment to see which pairs had the highest liquidity and the greatest average daily pip movement. I then put my broker spreads into the equation as added information to help me rate each pair.

The final rating shows which pairs (historically) have the greatest daily movement, together with the greatest liquidity and give the best value as per the brokers I use. Most of the information is probably what I expeced but it's good to have it on my wall for reference.

Although the purpose was to find 'my six', it really helped me to highlight the ones I really should not be wasting my time on.
  • #2,515
  • Oct 21, 2007 10:49am Oct 21, 2007 10:49am
Thank you Imran for your system, generosity and patience. I am looking forward to begin demoing it this eve, though I spent most weekend reading over 100 pages, I still got a question about the settings for lag1 and lag2 that I may have missed in the pages I haven't read yet.

On post#200 pag.14, new rules:

LaGuerre 1 ( for entry ) - Gamma 0.55, levels 0.10, 0.90, bars to read 9500 color green
LaGuerre 2 ( for exits ) - Gamma 0.80, levels 0.10, 0.90 bars to read 9500, color red

But on the template I downloaded from pag.1, lag2 is set to gamma 0.85 with levels 0, 0.85, 0.45, 0.15.
and lag1 has levels 0, 0.85, 0.45, 0.15.
So, which settings are the latest ones? Thanks
Izzy
  • #2,516
  • Oct 21, 2007 10:52am Oct 21, 2007 10:52am
Quoting izzybel
Thank you Imran for your system, generosity and patience. I am looking forward to begin demoing it this eve, though I spent most weekend reading over 100 pages, I still got a question about the settings for lag1 and lag2 that I may have missed in the pages I haven't read yet.

On post#200 pag.14, new rules:

LaGuerre 1 ( for entry ) - Gamma 0.55, levels 0.10, 0.90, bars to read 9500 color green
LaGuerre 2 ( for exits ) - Gamma 0.80, levels 0.10, 0.90 bars to read 9500, color red

But on the template I downloaded from pag.1, lag2 is set to gamma 0.85 with levels 0, 0.85, 0.45, 0.15.
and lag1 has levels 0, 0.85, 0.45, 0.15.
So, which settings are the latest ones? Thanks
Izzy
LaGuerre 1 ( for entry ) - Gamma 0.55, levels 0.10, 0.90, bars to read 9500 color green
LaGuerre 2 ( for exits ) - Gamma 0.80, levels 0.10, 0.90 bars to read 9500, color red

let me check the template, it should have been same as i mentioned above, if not will change and upload again
  • #2,517
  • Oct 21, 2007 10:53am Oct 21, 2007 10:53am
  •  Derm
  • | Joined Aug 2007 | Status: It's all about The Pips | 42 Posts
Quoting Ohka
you could pack your excel sheet into a ZIP-file, which can be attached here. I'd love to play with it and enter the spreads of my broker.... Also, your sheet seems to comfirm why I like AUD/JPY so much...

bye
Ohka
Hope this helps
Attached File(s)
File Type: zip Spreads.zip   5 KB | 520 downloads
  • #2,518
  • Oct 21, 2007 10:54am Oct 21, 2007 10:54am
Quoting Derm
I was finding myself trying to look at to many currencies and missing moves. I wanted to concentrate on a few, but which ones?

I came up with this table as a tool to help me choose 6 curencies, (which are highligted in green).

It was an experiment to see which pairs had the highest liquidity and the greatest average daily pip movement. I then put my broker spreads into the equation as added information to help me rate each pair.

The final rating shows which pairs (historically) have the greatest daily movement, together with the greatest liquidity and give the best value as per the brokers I use. Most of the information is probably what I expeced but it's good to have it on my wall for reference.

Although the purpose was to find 'my six', it really helped me to highlight the ones I really should not be wasting my time on.
it was really informative, and i am sure it will be helpful to all the traders

imran
  • #2,519
  • Oct 21, 2007 10:57am Oct 21, 2007 10:57am
Quoting Derm
Hope this helps
thanks Derm!

Ohka
  • #2,520
  • Oct 21, 2007 11:42am Oct 21, 2007 11:42am
Imran,

i have download template from post1, but the parameters seems different then you mentioned below;

on my chart Lag1=0.55 and Lag2=0.85



Quoting imransait
LaGuerre 1 ( for entry ) - Gamma 0.55, levels 0.10, 0.90, bars to read 9500 color green
LaGuerre 2 ( for exits ) - Gamma 0.80, levels 0.10, 0.90 bars to read 9500, color red

let me check the template, it should have been same as i mentioned above, if not will change and upload again
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