Good work Apresser
Nice addition to the system.
Thank you.
Nice addition to the system.
Thank you.
Indicators and Rules for Simple Method of Scalping GBP/Jpy on 5 min chart 18 replies
RE-Imran Sait Method 6 replies
EA - "Simple Method of Scalping on 5 min chart , especially GBP/JPY - by Imran Sait" 36 replies
Making an EA: "Simple Method of Scalping any pair by Imran Sait" 82 replies
How to make my own "Imran Sait" Indicators? What do they mean? 4 replies
DislikedHi !
I'd like post a modification of this system which looks great and simplify the proccess,
at least for me
I add a MA-RSI filter as middle boillinger band (20 simple ma, with rsi of 34) and use
lag2 in 1m only and lag1 in others only.
Procces in short is very simple.
Chose the time frame to trade and see next one for confirmation of this way (i trade 1m
with 5m confirmation, but if u trade 5m then confirm with 15m, etc):
I sit in 1m chart and wait for price is above all MA's and bounce up of any one, then i
see direction of lag2 in 1m and macd crossover in same direction. For long lag2 must be >
0.15 (don't matters if it is at top). Next i see at 5m chart and only see that lag1 and
macd is in same direction (like 1m both lag1 and macd, with lag1 > 0.15 for long). Middle
BB must be yellow for long (this is ma-rsi)
Restriction is: don't go long if price is on a MA in 1m or 5m, and always wait for price
confirmation before entry.
Exit: if u want bank more pips then go 5m and exit when middle BB change of yellow at
green. You can close position if reach RR of 1:3+ (apox. 100 pips or more).
Stop Loss: It must be any pips (i use 5-10 for gbp/jpy) below pullback in a ema for long.
Same for short. Don't enter fixes SL's, market will not take care of they as are
invisible for it. Use previous swing Hi/Lo. Always is better wait for price touch a MA
and bounce for entry. More large is the ema, more profitable can be the trade
(potentially), since market is energy and if price is trending and break, to say, 20 ema,
then expect it go at 60ema and so on. If you enter long without price reach on sup and
bounce, you can missed no matters indicators say you !
Same is for short positions.
Important issues:
=================
- This is a simple way to trading this. All is about Risk-Rewards ratios and sound Money
Management. Backtest this system for 2 months and see if it suit u style of trading. You
can use 5m and 15m or 30m and 1h, etc
- Simple is better, but if you like, you can see all timeframes for looking for sup and
res in all emas, pivots, fibos, etc. This is a momentum system, i don't care of emas for
entry. Only i use it for find sup/res points and restrict my entries and TP or exits.
They are good for show us "historical price action". I consider actual trend like moments
indicated for lags (more important) and ma-rsi (secondary for confirmation only, and
exit).
- About SL's: DON'T TAKE EACH MOVE TO ANY COST !!! If u see it don't suit for you risk =>
LET IT GO !
- Seek for Risk-Rewards ratios of 1:2 minimal. Best is 1:3+
- Take profit at key levels like conjunction of EMA's in others TF's, fibos, etc. Also
you can take profit at MACD divergence.
- You must know this system work better for trending markets. You must know all types of
behaviours of market (ranging, trending, choppy, news time, etc.)
- See at 1h chart for detect main levels of sup/res.
Below there are some samples.... Enjoy and make many pips !
Comments and critics are welcomed !!!!
Regards,
ArielIgnored
DislikedHola,
Alguien sabe como bajar los indicadores para este sistema Imran del post #1 y ponerlos dentro de metatrader.
Saludos y graciasIgnored
DislikedHi rolf,
download again, link is working. Save it in your experts\indicators folder in your metatrader and restart it
Regards,
ArielIgnored
DislikedHai
could you please tell me what the arrow indicators are on your chart and where i could get the mt4 file from
thanks
yasIgnored
DislikedHola, Dibanos !
Respondo en español porque hablaste igual !
Descargalos del post 1 y guardalos en la carpeta experts\indicators en el direcorio base de tu metatrader. Ejemplo: el mio esta en F:\Archivos de programa\MetaTrader - North Finance\experts\indicators
los que tienen extension .tpl guardalos en templates: ej: F:\Archivos de programa\MetaTrader - North Finance\templates
Reinicia el metatrader y abrí el template y listo.
Saludos !
ArielIgnored
Dislikedhi all,
this is a great strategy...
I have been testing this for a while . and have found that it is real awesome...
great work Imran.
Does anyone trade either Gold or oil using this strategy?
regards
PretIgnored
DislikedI know of a couple people trade Gold with this system and thy say it works great as well.Ignored
DislikedIt's QQE Alert v3.
You can get it from this thread also.
It's discussed more in Supernova Thread.
haiIgnored